Applying for the MS Degree

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)

Effective April 15, 2021: The temporary waiver of GRE/GMAT scores for autumn 2021 admission is now being made permanent for autumn 2022 admission. We will still accept test scores from those who have already taken, or plan to take, the exam. However, submission of GRE or GMAT scores is no longer a requirement, and the absence of such scores will not negatively impact one’s application for admission. Submitting GRE/GMAT scores is now an optional part of the application for those applying to the Computational Finance & Risk Management MS campus and online programs.

For those opting to submit GRE or GMAT scores, it is recommended that you take the exam at least 30 days prior to the application deadline to assure your score is reported on a timely basis. For reporting GRE scores, use 4854 (University of Washington) under Score Report Recipients. The Department code is not necessary. For reporting GMAT scores, use GMAT code 459-75-53.

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:

  • Academic transcripts from undergraduate or previous graduate education.
  • Statement of purpose, a current resume, and recommendation letters (two for online applicants; three for campus applicants).
  • 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.

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

Learn more about the online experience.

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.

 

Apply Now!

Please visit our frequently asked questions page.