Master's in Finance Frequently Asked Questions

Quickly and easily find answers to common questions about our Master's in Finance program.

Does the MSF program require any prerequisite coursework?

Yes. Students are required to complete one semester of calculus prior to entering the MSF program.

How much does the master’s in finance program cost?

The tuition for the master's in finance program can be found on our tuition page.

Are there scholarships available?

We are happy to announce that we offer merit-based scholarships for MSF students. Scholarship amounts are determined by overall competitiveness and academic merit of the applicant and awards are specified at the time of the admission offer.

Is the GMAT or GRE required? Can I submit my application if I have not completed a test yet?

GMAT waivers are available for the Fall 2022 application cycle. See if you qualify by applying for a waiver here.

USD requires an official GMAT or GRE exam score report to apply to the MSF program. You must have taken the exam within the last 5 years. USD's school code for the GMAT is 29B-Q2-68. If you plan to submit a GRE score, leave the GMAT information blank on the application and request that ETS submit your official score report to USD. Our school code for the GRE is 4849.

You can still submit your application if you have not yet completed the GMAT. Just indicate in the online application the date on which you are scheduled to take the exam. Note that the admissions committee will hold off on a final review of your application until the GMAT or GRE test score has arrived.

Take the GMAT mini quiz.

Can the GMAT/GRE requirement be waived?

The GMAT/GRE can be waived if you graduated with a degree in accounting, economics, finance or a STEM discipline with a minimum undergraduate GPA of 3.5 from an AACSB accredited institution.

If you have taken and passed the CFA 1 exam, you are also eligible to waive the GMAT/GRE.

Students with a GPA between 3.0 and 3.4 in a degree in accounting, economics, finance or a STEM discipline will be considered for the GMAT waiver on a case-by-case basis at the discretion of the Admissions Committee.

Students educated outside of the United States must submit a course-by-course degree evaluation conducted by World Education Services.

To request a GMAT waiver, please . The waiver request form should be submitted early in the application process to ensure appropriate requirements are met.


*WES required from international students seeking a GMAT waiver

Is there a required minimum GMAT/GRE score?

There is no required minimum GMAT/GRE score. Our class profile is a good indicator of what would make you a competitive applicant.


Does the MSF program require any work experience?

No, the MSF program does not require any work or internship experience prior to entering the program.

What are the application deadlines?

Applications are processed on a rolling basis, which means the admissions committee will begin the review of an application soon after it is complete and all supporting documentation has been received. Application deadlines are listed to help you see how far along we are in the application cycle. We encourage you to submit your application when you feel confident that it is the best representation of your skills and experience. Submitting your application between the deadlines does not have an impact on the admissions decision. 
Please keep in mind the number of seats in the upcoming cohort decreases as the application cycle continues. If it is after the final application deadline, you are welcome to contact our office to check that there are remaining seats in the cohort. 

 View our  for more information.

Is the master's in finance program STEM certified?

Yes! The University of San Diego Master of Science in Finance Program (MSF) has received STEM (Science, Technology, Engineering and Mathematics) field classification based on the Department of Education guidance. The STEM designation for the MSF program at the "Knauss School of Business at the University of San Diego" will be effective starting with the incoming fall 2018 class.

The Department of Homeland Security (DHS) has determined that international graduates who attend STEM-designated programs may be eligible for Post-Completion Optional Practical Training (OPT) for up to three years in the U.S, an entire year more than for programs without the designation. This recognition will increase the value of the degree to domestic employers, while boosting our international graduates' competitiveness and facilitating job placement.

Can I waive the TOEFL/IELTS?

We require international applicants to submit TOEFL or IELTS scores unless the language of instruction at their undergraduate institution was entirely in English. International applicants who received a bachelor’s degree from a university in the United States can also have the TOEFL waived. To request an English proficiency exam waiver, please email

What is the minimum TOEFL/IELTS score? What is the school code for the TOEFL and the IELTS?

The minimum score for the TOEFL is 92 and the minimum score for the IELTS is 7.0. The school code for both exams is 4849. 

The TOEFL and IELTS exams must have been taken within the last two years.

I am an international student. Can I submit my international transcript evaluation after I receive my admissions decision?

If you earned a degree from an institution outside of the United States, you are required to submit an official international transcript evaluation (also called a foreign credential evaluation) as part of your application. Please note that the evaluation must be a course-by-course evaluation. You must order your official evaluation from one of the following evaluation services:

World Education Services, Inc. (WES)
Educational Credential Evaluators, Inc. (ECE)
International Education Research Foundation, Inc. (IERF)
Josef Silny & Associates, Inc. (JSA)
SpanTran: The Evaluation Company (SpanTran)
Foreign Academic Credential Service (FACS)

I have a three-year bachelor’s degree. Am I still eligible to apply?

If you were educated outside of the United States, we require that you have your degree evaluated by World Education Services. This degree evaluation will inform the MSF admissions committee if your undergraduate degree is equivalent to a four-year U.S. bachelor’s degree. This degree evaluation must be completed before the admissions committee can review your application.