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Frequently Asked Questions

General

How long does it take to complete the program?

The MSFE program begins each Fall Semester and is two full-time semesters of study plus a three-credit “Plan B” research thesis. The program begins three weeks before the beginning of the fall semester and concludes in the spring. The program is 30 credit hours of graduate study. Some students elect to complete the “Plan B” Paper during the Summer Semester.

How busy is the programs schedule? What time of day are the classes?

Classes take place on Tuesdays and Thursdays. Each class is generally one and a half hours, and generally fall between 9 am to 5 pm. You can see the class times on the USU Catalog

Is it possible to do an internship during the program?

The two-semester program coursework is taught sequentially (Fall and Spring) and is not conducive for traditional internships.

When is the MSFE Program start date?

The MSFE pre-fall program begins Mid-August. Regular classes begin the last week of August.

Can students complete the MSFE program part-time of via distance learning?

No, The MSFE is only offered full-time on the USU campus in Logan, Utah.

Do you accept transfer students?

Yes, however, given the length of the program and the program of study, transfers would be unusual and evaluated on a case-by-case basis.

Do you require work experience?

Industry or academic work experience would add to an applicant’s suitability for the program. However, prior work experience is not required.

Will the MSFE help prepare me for taking the CFA examination(s)?

Much of the curriculum is consistent with the CFA chartering process. Many students take the CFA exam upon graduation.

What kind of “major” background does the program prefer?

A bachelor’s degree with intermediate coursework in economics, econometrics or statistics, corporate finance, and mathematical economics/calculus. The program is well suited to students with undergraduate degrees in Business, Finance, and Economics. Applicants with other undergraduate majors are given full consideration.

Are there any required courses students must take to be admitted?

Intermediate level courses in macroeconomics and microeconomics, finance, and mathematics and/or statistics.

Are summer classes required?

No. However, just prior to Fall Semester classes, a summer Mathematical Economics course is taught on campus for two weeks, six hours per day. The prep-course is required.

“Plan B thesis” independent studies (three credits) can be taken concurrently during the spring semester; however, some students choose to register for the Summer Semester to complete this work.

Can an MSFE student start in the Spring semester?

No. The Program of Study is taught sequentially, beginning each Fall Semester

 

Admissions

What are the MSFE minimum requirements?

Degree

Must have a bachelor’s degree with courses in intermediate microeconomics and macroeconomics, econometrics or statistics, mathematical economics/calculus, and corporate finance. Students whose prior academic performance warrants admission but who have not taken some of these courses may be admitted provisionally.

GPA

A minimum grade point average (GPA) of 3.0 (4.0 = A) for the last 60 semester credits earned prior to applying for the program.

GMAT/GRE

Either the GRE or the GMAT is required. Scores must be at or above the 50th percentile for the verbal portion of the examinations and above the 60th percentile for the quantitative portion.

TOELF or IELTS (international students)

TOELF – Minimum required Score for Internet-based test: 79 or Required Score for paper-based test: 550

IELTS - Minimum require score is 6.0 (and a minimum score of 5 on each subscale).

How do I apply to the MSFE program?

Applications for admission to graduate programs are handled by the School of Graduate Studies at Utah State University.

When is the deadline for applications?

Application Deadlines are posted on the Apply Now page.

How will I be notified of my admissions decisions?

An official letter of admission or denial will be mailed to you from the dean of the School of Graduate Studies. After all official paperwork, has been submitted and processed by the USU School of Graduate Studies, the application will be delivered to the respective department committee for the official application decision. You will receive an email with the decision within 10 working days.

How will I know when you have received all my application materials?

You can check the status of your application here.

If I tell you about my background, could you let me know my chances of getting admitted?

We do not have a pre-admission process. Your admissibility cannot be evaluated by the academic department until a complete application package is received. We cannot estimate your chances of admission. Your completed application will be forwarded to the academic department for evaluation and you will be notified in writing as soon as a decision is made.

Is it best to have a recommendation letter from someone who knows you better even if he or she isn't your direct supervisor?

The application requires three letters of recommendation. Recommendations from past employers or instructors familiar with you and what you might bring to the program as an individual student would be most beneficial.

Is an interview required?

No. However, the Graduate Program Director is available to visit with applicants to answer questions about the program and give guidance about the application process.

Is it possible to waive the application fee?

No, the only exceptions to this policy are for honors students and McNair Scholars. If you qualify for one of these exceptions, contact Joan Rudd (435) 797-1187

GMAT/GRE

Is it possible to waive the GMAT/GRE for any reason?

No. We evaluate GMAT/GRE test results based on the applicant’s percentage standing relative to others that have taken the test. See Admission requirements.

How do I know if you have received my GMAT/GRE score?

You can check the status of your application here.

I have not yet taken the GMAT/GRE test – can I submit my application or still apply?

You may still apply, once we receive your test score results and other required information, your application will be considered complete.

What is your GMAT code?

Our GMAT code is 2273

What is your GRE code?

Our GRE code is 4857

I have a low score. Should I still apply

Full consideration will be given to complete applications. Other components of the application, such as undergraduate studies and GPA, or letters of recommendation may compensate for a low GRE/GMAT score.

Scholarships and Fellowships

Are scholarships available to MSFE students?

Yes, there are a limited amount of scholarships given out annually. See http://rgs.usu.edu/graduateschool/finances for more details.

How do I apply for scholarships?

All applicants are considered for scholarships. They are awarded based upon GPA and GRE/GMAT test results. To be considered for scholarships your admissions application must be submitted before February 15th.

Are scholarships available to international students?

Yes.

International Students

What if my transcript is not in English?

Transcripts must be in English for application to be considered.

If I have an international transcript, do I need to have an outside credential service evaluate it and provide you with a report?

No. However, transcripts must be in English.

One of my recommenders doesn’t speak or write in English. Is it okay if they composes the letter in a foreign language and I translate it into English?

Letters of recommendation must be in English and are not to be handled by students in anyway. Only electronic copies will be accepted.

Can the TOEFL requirement be waived?

If you have an undergraduate degree, with attendance of at least two years, from an institution in one of these countries in which English is the language of instruction (United States, Canada (except Quebec), United Kingdom, New Zealand or Australia), you will not be required to provide additional evidence of English proficiency.