Application Guidelines

Admission to the MSFE program is highly competitive. We receive a large number of applications from well-qualified applicants each year. In spite of this, we weigh each applicant’s individual merits carefully and take a holistic approach when making admissions decisions.

A wide range of factors impact how we review applications. However, the following criteria guide our decision-making process:

  • Your overall qualifications, including work and internship experience.
  • Your demonstrated ability to perform well in demanding mathematical and finance classes.
  • Your leadership potential.
  • Your test scores: GRE/GMAT or TOEFL or IELTS for international students.



  • You must have completed college-level multivariable calculus and linear algebra with a B or better grade.
  • We recommend proficiency in the programming languages C, C++, Visual Basic, Java, or Matlab.
  • You must have taken the GMAT or GRE within the past five years.


Application Guidelines

Spring 2017
Priority Deadline November 1, 2016
Final Deadline November 1, 2016 (international applicants)
January 1, 2017 (domestic applicants)
Fall 2017
Priority Deadline February 1, 2017
Final Deadline July 1, 2017 (international applicants)
August 15, 2017 (domestic applicants)

The Financial Engineering program has two entry points: fall and spring, and operates on a priority deadline cycle. Applications are strongly encouraged by these dates in order to assure maximum consideration for both admission and fellowships. Once the priority deadlines have passed, the school will continue to review applications for qualified students on a competitive, space-available basis.


Application Process

Applicants must submit the following materials:

  1. Online application
  2. Application fee $80.00 (non-refundable)
  3. Official transcripts from every institution previously attended.
  4. GRE or GMAT score
    Request that an official GMAT (GMAC code DZK-QS-02) or GRE score be sent to admissions directly from Educational Testing Service (ETS). The GRE code for CGU is 4053.
  5. Resume
  6. Two (2) letters of recommendation from professional sources.
  7. Personal Statement Write a 3-5 page statement answering the following:
    • Why is admission to the Financial Engineering program important to you?
    • What special contributions do you believe you will make to Claremont Graduate University?
    • Describe an ethical dilemma you have encountered and the process by which you resolved the situation.
  8. TOEFL or IELTS score To learn more about Claremont Graduate University’s TOEFL and IELTS requirement, click here. Students who score below 600 on the paper-based test, 250 on the computer-based test, and 100 on the internet-based test may be required to participate in the Drucker International Fellows Program. All non-native English-speaking international students are eligible to join the International Fellows Program. CGU’s TOEFL code is 4053.
  9. Math Verification Form downloadable via the online application or email to obtain an electronic copy.
  10. Interview (phone, Skype, or in person) is conducted by invitation only.