Here’s how to prepare for your application to the MS-CFRM on campus and online.
Minimum Admissions Requirements
The admissions process is highly competitive. Meeting the requirements of admission does not guarantee a place in the program. In addition to all applicable UW Graduate School requirements, CFRM students must demonstrate exceptional command of:
- Calculus through partial differentiation, matrix algebra, and one-dimensional optimization
- Probability and statistics at the level of an upper level undergraduate course or entry level graduate course
- A programming language such as Java, C++, Python, or in a math or a statistics programming language such as MATLAB, R/S-PLUS
Graduate Record Examination (GRE)
Applicants with little or no professional experience are required to take the GRE exam. It is strongly recommended that interested applicants take the GRE Exam at least 30 days prior to the application deadline to assure their score is reported on a timely basis. More information on the GRE can be found here. When taking the test, use 4854 (University of Washington) under Score Report Recipients. The Department code is not necessary.
While the GRE is preferred, applicants who wish to substitute a (GMAT) may do so. Use GMAT code 459-75-53.
Individuals who have roughly 5 years of work experience in the finance industry or who have already obtained an advanced degree in a STEM related discipline may petition for a waiver of the GRE requirement by indicating so in the admissions application where prompted. Waiver requests will not be reviewed unless a full application is on file. Applicants who have been granted a waiver of the GRE should consider taking one or more refresher courses that are offered prior to the start of autumn quarter.
How to Apply
Applications for the MS-CFRM must be submitted through the University of Washington Graduate School. You will need a number of items to complete this application, including:
- GRE (preferred) or GMAT test results, or a waiver for experienced professionals. Official test results are preferred, but only required if an offer of admission is made.
- Academic transcripts from undergraduate or previous graduate education.
- Statement of purpose, a current resume, and three recommendations.
- Completed application forms and payment of fees.
- Other items as identified by your application (e.g. proof of English proficiency)
English Proficiency and International Student Admission Requirements
Every applicant whose native language is not English must demonstrate English language proficiency in one of the ways listed in Graduate School Memorandum #8. We do not accept IELTS to satisfy English proficiency requirements.
International Students may be required to provide additional application materials to the Graduate School for final admission. This may include official transcripts, degree statements, proof of English proficiency, and a Statement of Financial Ability. After you submit your application and are approved by the department, please log back into your application and click on the “status” button. This will tell you what specific documents you need to submit to the Graduate School AND provide you access to the Financial Statement of Ability form. Please read the graduate school website regarding financial ability.
The Department of International Student Services (ISS) is a useful resource for international applicants once accepted to the MS-CFRM program.
International Student I-20 and Visa Application for Seattle Campus Degree Students
After all requested materials are filed with the Graduate School, international students will be formally accepted and issued an I-20 and subsequent visa application at the U.S. consulate in your home country from the Graduate School. Further details about obtaining an I-20 and F-1 visa will be provided on your application webpage.
Online Degree Students
Non-US citizens are not required to have an F-1 visa to enroll in the online degree if they reside outside of the United States. F-1 visas are not granted to non-U.S. citizens enrolled in online educational programs. Although a visa is neither required nor possible, there is certain documentation that may be required of all UW degree students (e.g. immunization records), even those who will never attend classes on the UW campus.
Please visit our frequently asked questions page.