MS in Finance Admissions
**Please note that we are no longer accepting applications for Summer 2022 MSF program entry. The application for Summer 2023 program entry will open in September**
Who Should Apply to the MS in Finance Program?
The MS in Finance is a rigorous full-time program that aims to build on practical quantitative and computational skills used in the finance industry, in addition to theoretical knowledge. Recent college graduates and early-career professionals with quantitative skills and experience or interest in a career in finance should apply.
- Completion of university-level course in statistics is required.
- Completion of courses in calculus and linear algebra is preferred, but not required.
- Professional work experience, including internships, is preferred, but not required.
- Applied experience with quantitative methods and/or financial or analytical software (e.g., through work, internships, and/or academic projects) is preferred.
- Experience with computer programming is not required, but can help to boost an application.
Start Date: Early July (Summer Semester)
Duration: 10 or 16 months, full-time; 39 credits
Location: On-campus; classes held during the day
|Round||Submission Deadline||Decision Notification|
November 1, 2022
|December 31, 2022|
January 3, 2023
|March 15, 2023|
February 1, 2023
|April 15, 2023|
March 15, 2023
|April 30, 2023|
April 15, 2023
May 30, 2023
IMPORTANT: MS in Finance Program Orientation is required for all incoming students. Orientation for Summer 2023 will be held in early July (exact dates are not yet determined).
Tuition and Financial Aid
Tuition is calculated on a per-credit basis. The MSF program consists of 39 credits. Tuition for the 2022-2023 academic year:
|Minnesota Resident Cost*||Non-Resident Cost|
|Cost Per Credit||Total Tuition||Cost Per Credit||Total Tuition|
*Reciprocity rates are available to residents of North Dakota, South Dakota, Wisconsin, and Manitoba.
Required fees per semester, for the 2022-2023 academic year
|Fee||Fall and Spring||Summer**|
|Student Services Fee||$481.48||$481.48|
|Capital Enhancement Fee||$75||$75|
|Academic Records Fee||$150||$150|
|Student Health Benefit Plan (unless student provides proof of his/her own insurance, this plan is required for international students)||$1,734||$884|
|Professional Student Government Fee||$17.07||$17.07|
|Carlson School Collegiate Fee||$580||$290|
|International Student Administrative Fee||$200||$110|
|International Student Engagement Fee||$14||$14|
**As the MS in Finance program has a summer start, some summer fees will be a prorated version of the full semester fees.
***Other education-related costs such as books and cost of living are not included in the table above.
The total program tuition will remain the same for the three consecutive semesters a student is in the program.
For full details of tuition costs, please visit One Stop.
A non-refundable $1,000 tuition deposit is required to confirm your intention to enroll in the MS in Finance Program and is applied toward the first academic term.
Deposit payment is required to request a one-year deferral.
All fees are subject to change.
The University of Minnesota offers many loan programs, administered through the Office of Student Finance. To be considered, you must complete the Free Application for Federal Student Aid (FAFSA). International students need a U.S. co-signer for student loans. If you have questions about loan programs, visit Financial Aid — One Stop. The University has reciprocity agreements with the states of Wisconsin, North Dakota, South Dakota, and the province of Manitoba, Canada.
International Student Loans
The University of Minnesota does not specifically offer non-US co-signed loans. Some of the options available to you include:
- Prodigy Finance You can find Carlson program-specific information at: https://prodigyfinance.com/eligibility-schools/028cd8d7-875a-4352-a082-9f032f5e4ab8.
- MPower Student Loan You can find details about The MPower loan program at:https://mpowerfinancing.com/borrow
Earn up to a $18,000 Scholarship for Graduate School
Merit Scholarships for Domestic Students
The Carlson School's MS in Finance Program is designed for early career professionals who would like to transition into or accelerate their careers in corporate finance, security analysis and portfolio management, investment and commercial banking, risk management, and more. Ten $18,000 scholarships will be awarded to domestic students admitted to start the program in July 2023.
Merit Scholarships for International Students
The Carlson School and the University of Minnesota award a limited number of academic merit-based scholarships to international students. Scholarship consideration is extremely competitive, and is based on strength of all pieces of the application.
Applying for Scholarships
The MS in Finance admissions committee will automatically consider program applicants for merit scholarships; no special application is required. Scholarship awards are announced at the same time as final admissions decision letters are released.