What are the application deadlines?
Early Action: February 1
Regular: April 1
Extended: June 1 (Domestic Applicants Only)
Early Action: August 1
Regular: October 1
Extended: November 1 (U.S. applicants only)
*Spring admission is only open to applicants who hold a bachelor’s degree in finance, or who have completed significant coursework in finance.
How will I receive an acknowledgement of application once I apply?
All applicants to the MF program will receive an acknowledgement letter via email from the Graduate Admissions Office which includes your Admissions ID and Access Code. This will enable you to keep track of application materials that have been received. Additionally, the Isenberg Graduate Programs Office will be in touch about any incomplete materials and next steps.
How will I be notified if accepted?
Acceptance decisions are posted in SPIRE with instructions to confirm acceptance. The Associate Dean and your Academic Advisor will email you with additional information to get started.
How long can I defer my acceptance?
Accepted students can defer their acceptance once, for up to one year. Contact your Academic Advisor to discuss further.
What are the application requirements for applying to the MFAI?
Graduate School application and $85 application fee (waived for military and current UMass Amherst undergraduates)
Official transcripts of all universities/colleges attended
Two letters of recommendation
GMAT/GRE score (waiver may apply)
English Language Proficiency score (for non-native English speakers only)
Interview (may be requested by Program Director)
How long should the personal essay be, and what should it include?
A personal essay should be one to two pages in length and include information about your past and current academic and professional history, your future goals and reasons for pursuing the MF, and other pertinent details that will help us evaluate you as a candidate.
Do I have to send a transcript with my application? Where do I send it?
Please submit your transcripts from all colleges/universities attended, undergraduate and graduate, where nine (9) or more credits were earned. Unofficial transcripts uploaded to the Additional Materials page of your application are acceptable. Upon admittance, official transcripts will need to be submitted, either electronically or in paper format, directly by each institution's Registrar to the Graduate Student Service Center. Review After You Apply for instructions on submitting official transcripts.
Note: For international graduates, notarized and true attested copies of original academic documents are accepted. Evaluations may be required. Please contact our office for details.
My transcript is not in English. What should I do?
If the official transcripts and/or degree certificate(s) are not in English, our program requires an official English translation and/or an official credential evaluation from a NACES member in order to evaluate coursework and GPA in the admissions process. Notarized and true attested copies of original academic documents are accepted.
My transcript does not follow the U.S. 4.0 grading scale. What should I do?
A transcript evaluation may be requested in order to determine GPA/grade equivalency. Please contact email@example.com for more information.
I am currently a UMass student, but I started as a transfer student. Will I be required to submit transcripts from my previous institutions?
If your current transcript has all of the courses and grades (GPA-based) from the previous institutions included, you are not required to submit the transcripts. We highly encourage you to double-check with the University Registrar’s Office.
Otherwise, you are required to submit transcripts from all previous institutions where 9 credits or more were earned. If the institution is not a 4-year institution, the transcripts are not in English or do not have a numeric GPA on a 4.0 scale, transcripts must be course evaluated by a NACES member.
Who should my letters of recommendation come from?
Recommendations should be requested from individuals who know you on a professional level and well enough to provide specific examples and details regarding your past performance and competencies. If you are a recent college graduate, we encourage you to provide one academic and one professional reference.
What are the eligibility requirements for a GMAT/GRE waiver?
A GMAT/GRE waiver is granted for an overall undergraduate GPA of 3.0 or higher. To be considered for the GMAT/GRE waiver, leave the application test score section blank. If you don’t meet the GPA qualification, waivers may be considered for individuals with professional work experience.
What is the school code to send GMAT or GRE scores?
School Code: Isenberg-UMass Amherst - 3917
I am an international applicant; how do I find English Language Proficiency Requirement information?
Applicants whose first language is not English must demonstrate their English proficiency by submitting scores from a standardized English Language Proficiency Test. This is not required of U.S. citizens or non-U.S. citizens who hold U.S. Permanent Resident Status. For admission into the MF program, the minimum combined TOEFL score is 80; the minimum IELTS Academic combined score is 6.5; the minimum Duolingo English Test overall score is 105; and the minimum PTE Academic overall score is 68. Please note, when reviewing an application, the UMass Graduate School does not super score language tests (e.g. we do not accept the ETS MyBest Score set). Please consult the international applicants page for more details.
How many credits are required for graduation?
The Master of Finance requires 10 courses, 30-credits for graduation.
What topics are covered in the curriculum?
MF students are offered a rich selection of coursework in asset management. This coursework includes topics such as Quantitative Trading Strategies, Fixed Income Securities and Asset Allocation. Computational finance courses such as Business Application Development with Python and Data Science for Finance offer students highly functional and marketable skills.
What databases and resources do students have access to?
Students will have access to multiple Bloomberg terminals as well as to several databases including the Morningstar CISDM Hedge Fund/CTA database, CRSP database for historical stock prices, Compustat for accounting data, OptionMetrics for options data, Morningstar Direct mutual fund data, and Thomson Financials 13F institutional holdings data. Bloomberg certification is available for interested students, a valuable tool when seeking competitive finance jobs.
For how long do each of the courses run?
We follow a typical semester system – fall and spring semesters are 14 weeks. The summer semester schedule may vary and the winter session is typically 5 weeks.
What does the class schedule look like?
Classes are scheduled each semester based on professor and classroom availability. Typically, classes are scheduled Monday – Thursday each week between the hours of 8:00 am – 5:00 pm, Eastern time. Classes last about 75 -105 minutes each. This is subject to change based on the above considerations.
I am enrolling in my last class before I graduate, is there a form I need to fill out?
Congratulations on reaching your goal of completing your MF! If you are enrolling in your last class this semester, you must complete the Degree Eligibility Form and submit it to your academic advisor.
Note: An overall 3.0 GPA (B) must be maintained in order to graduate. Once your Degree Eligibility Form has been processed by the Graduate Office, details about commencement will be both emailed and mailed to your current address (listed on SPIRE).
Will my focus area appear on the diploma?
The diploma will not reveal your focus area, but the transcript will.
Can I participate in MF graduation ceremonies on campus?
YES! All eligible MF students can participate in graduation ceremonies and receptions.
How is the Master of Finance program structured and when can I start?
The MF program is a cohort based, in-person program that begins each fall. The program runs for 3 consecutive semesters - Fall, Spring, and Summer, with students completing their classes in 12 months.
Will the MF qualify for the STEM OPT extension?
Yes, the MF has achieved classification as a STEM (science, technology, engineering and math) program. This designation, determined by the Department of Homeland Security, allows international students to extend their training (Optional Practical Training - OPT) in the United States by working in their field of study. More information regarding the Extended STEM OPT process can be obtained through the university’s International Programs Office (IPO).
Is the MF program accredited?
The Isenberg School of Management is accredited by AACSB, the Association to Advance Collegiate Schools of Business. AACSB grants international accreditation to undergraduate and graduate business administration and accounting degree programs.
How does the 4+1 accelerated MF program work?
Undergraduate students at UMass Amherst and other colleges in the Five College Consortium can pursue a 4+1 option, completing their undergraduate degree and the MF degree in 5 years or less. Undergraduate students apply to the MF program in their junior year or early in their senior year and can then take up to 12 credits of MF graduate courses during their senior year, with up to 6 of those credits (2 courses) allowed to double-count for both the undergraduate and the MF degree.
Do I have access to the Chase Career Center?
Yes, MF students work closely with the Chase Career Center throughout the course of the program.
Can I participate in any networking events?
Yes, we offer many events including networking events, discussion panels, as well as various social gatherings. Events may be offered both virtually and in-person.
What career resources are available to MF students?
In addition to the Chase Career Center, MF students have access to Connect UMass and the Isenberg IConnect platform.
- IConnect (tools, tips, tricks, recruitment, events, connections, etc.)
- Isenberg Alumni LinkedIn Group (Join at student level)
- Connect UMass
- UMass Handshake (UMass Amherst wide resource to connect with recruiters and view job openings)
- UMass Alumni Association (Students can request an Alumni ID using first time registration access as an accepted student)
Is Curricular Practical Training (CPT) available for international students?
Yes, CPT is available only prior to the completion of your degree program and you must have an internship offer before you apply for CPT. CPT employment may not delay completion of your academic program. In order to qualify for CPT, students must meet specific requirements. More information can be found here.
What type of employers are hiring Isenberg MF graduates?
Leading firms specializing in hedge funds, pension funds, money management, private equity, consulting, and university endowments are all seeking employees with expertise in asset management. Additionally, regulatory agencies from around the world face a critical shortage of staff members who can understand complex investment products and processes that are at the center of the industry.
What type of partnerships does Isenberg have with the alternative investment industry?
Joining our MFAI Program means you will have access to work with the world’s leading experts in Alternative Investments (AI). Check out our unique partner list:
- Center for International Securities and Derivatives Markets (CISDM) - Located at Isenberg, the center hosts conferences, connects academic and business communities and provides access to the Morningstar CISDM Database.
- Chartered Alternative Investment Analyst Association (CAIA) - CISDM co-founded the Amherst-based Chartered Alternative Investment Analyst Association (CAIA), which supplies credentials and support for AI professionals. MFAI graduates interested in Chartered Alternative Investment Analyst (CAIA) certification can skip the Level I Exam and be eligible for one of 10 scholarships the association will have available for students taking the Level II Exam.
- The Journal of Alternative Investments (JAI) - Housed at Isenberg, JAI is the official publication of the CAIA Association and provides its readers with innovative research, practical tools, and expert analysis on managing alternative investments.
What is the typical MF admissions profile?
Average Age: 25
Average GMAT Score: 565
Average UGPA: 3.35
I do not have a bachelor’s degree in business. Am I eligible for this program?
Applicants who do not have a bachelor’s degree in business are encouraged to apply. A quantitative background in subjects such as calculus and intermediate statistics or probability is encouraged. Undergraduate degrees in sciences, engineering, mathematics, and in some economics and business programs are recommended.
I am currently finishing my undergraduate degree. Am I able to apply now for the program?
Yes! Students are eligible to apply for the MF program while still enrolled in their undergraduate program. Admissible individuals will receive a conditional approval pending final grades and degree confirmation.
What is the minimum GPA requirement?
We are looking for applicants with a minimum GPA of 3.0 or above. However, applicants who are below a 3.0 are not excluded from applying as we look at application materials holistically.
Am I at a disadvantage if I have not completed previous coursework in business?
No. However, quantitative background in subjects such as calculus and intermediate statistics or probability is encouraged.
I earned an undergraduate degree that only took 3 years. Am I eligible to apply to the Isenberg MF?
You must earn a degree from a 4-year institution or education that is equivalent to a 4-year degree (in some cases a course-by-course evaluation of academic history may be required). Please use the WES Degree Equivalency Tool to determine if an international degree is equivalent to a 4-year US degree.
Is there a difference in tuition for in and out-of-state students?
The MF program is $1,400 per credit (regardless of residency). A student can expect to spend $42,000 in tuition. For more information regarding tuition, fees, and financial aid please refer to this webpage.
What additional fees will I be responsible for?
Students are responsible for paying miscellaneous fees, plus books and living expenses (which can vary based on your needs). Graduate housing is currently unavailable on-campus. You will be able to work with the Off-Campus Housing Office once accepted into the program.
Are there any scholarships available?
No, Isenberg does not offer any scholarships for the MF program.
Is the program eligible for graduate assistantships or other tuition waiving graduate positions?
No, Isenberg does not offer graduate assistantships for 1-year masters programs.
How will I receive my tuition bill?
You will be billed directly by the University Bursar's Office. Billing information will be sent to your UMass email account. Paper bills will not be generated. The bill can be viewed within SPIRE and paid directly online, or it can be downloaded and mailed with a check.
Is a deposit required prior to entering the program?
A non-refundable deposit of $500 is required for the MF program. The deposit is then applied to your first tuition bill. The link will be provided in your acceptance email from the department.