Admission Statistics

We look at every application as a complete package, which includes not only the quantifiable parts, such as GPA and test scores, but also the Personal Essay, Letters of Recommendation, and other general considerations, such as relevant work experience and the strength of the mathematical and C++ programming background of the applicant. We include detailed statistics on the GPAs and the test scores of the students admitted into the MFE program every year which show that low GPAs or low test scores can be overcome by demonstrating strength in other areas of the application.

Semester Applicants Admitted Adm. Rate Enrolled Yield Full-Time & Part-Time International
Fall 2014 510 48 9% 40 83% 32 & 8 26
Fall 2013 515 37 7% 27 73% 19 & 8 14
Fall 2012 640 37 6% 31 84% 23 & 8 14
Fall 2011 672 43 6% 30 70% 22 & 8 11
Fall 2010 467 35 7% 28 80% 21 & 7 10
Fall 2009 353 29 8% 24 83% 16 & 8 5
Fall 2008 514 57 11% 40 70% 28 & 12 13

Average GPA and Test Scores for All Applicants

GPA GRE GMAT
Semester Undergrad Graduate Quantitative Verbal Analytical Quantitative Verbal Analytical
Fall 2014 3.50 3.54 166 154 3.7 49 34 4.8
Fall 2013 3.47 3.59 165 155 3.4 49 34 4.9
Fall 2012 3.48 3.62 164 158 3.7 49 35 5.1
Fall 2011 3.45 3.61   n/a  n/a  n/a 48 35 4.7
Fall 2010 3.42 3.62  n/a  n/a  n/a 48 33 n/a
Fall 2009 3.36 3.52  n/a  n/a  n/a 48 33 4.7
Fall 2008 3.40 3.53  n/a  n/a  n/a 48 33 4.6

Average GPA and Test Scores for Admitted Students

GPA GRE GMAT
Semester Undergrad Graduate Quantitative Verbal Analytical Quantitative Verbal Analytical Total
Fall 2014 3.66 3.78 168 157 3.7 49.6 38.7 4.8 727
Fall 2013 3.65 3.68 167 159 3.8 50.6 36.7 5.1 728
Fall 2012 3.59 3.70 166 159 3.9 49.2 36.8 4.6 706
Fall 2011 3.60 3.61 n/a n/a  n/a 49.1 39.9 5.0 733
Fall 2010 3.54 3.62 n/a n/a  n/a 50 34.4 4.6 704
Fall 2009 3.54 3.64 n/a n/a  n/a 49.9 39.9 4.9 735
Fall 2008 3.53 3.71 n/a n/a  n/a 49.9 37.4 4.9 721

GPA - Admitted Students

Semester 1st Quartile 2nd Quartile 3rd Quartile 4th Quartile
Fall 2014 3.07 – 3.50 3.54 – 3.72 3.72 – 3.80 3.81 – 4.00
Fall 2013 3.00 – 3.50 3.55 – 3.70 3.71 – 3.80 3.80 – 4.00
Fall 2012 2.90 – 3.46 3.47 – 3.60 3.62 – 3.80 3.80 – 3.90
Fall 2011 2.90 – 3.37 3.40 – 3.64 3.70 – 3.80 3.82 – 4.00
Fall 2010 3.00 – 3.17 3.22 – 3.40 3.40 – 3.63 3.63 – 4.00
Fall 2009 2.72 – 3.30 3.41 – 3.60 3.60 – 3.80 3.82 – 4.00
Fall 2008 2.78 – 3.30 3.30 – 3.51 3.58 – 3.76 3.78 – 4.00

GRE Scores for Admitted Students – Detailed Statistics

GRE Admitted – Quantitative Score GRE Admitted – Verbal Score
Semester 1st Quartile 2nd Quartile 3rd Quartile 4th Quartile 1st Quartile 2nd Quartile 3rd Quartile 4th Quartile
Fall 2014 161 – 166 167 – 170 170 170 143 – 154 154 – 157 157 – 160 160 – 170
Fall 2013 160 – 166 166 – 167 168 – 170 170 140 – 156 156 – 159 159 – 166 166 – 169
Fall 2012 159 – 163 165 – 166 166 – 168 168 – 170 147 – 156 156 – 158 158 – 166 166 – 168

Majors – Students Admitted to the Financial Engineering MS Program

Semester Engineering Mathematics Financial Engineering Economics Finance Business Physics Computer Science Other
Fall 2014 10% 20% 6% 16% 19% 9% 10% 9%
Fall 2013 22% 24% 3% 8% 19% 5% 14% 5%
Fall 2012 15% 25% 7% 3% 25% 11% 14% 0%
Fall 2011 16% 29% 5% 7% 23% 9% 9% 0%
Fall 2010 32% 27% 0% 8% 8% 6% 20% 0%
Fall 2009 37% 7% 0% 5% 36% 5% 9% 0%
Fall 2008 35% 21% 0% 7% 12% 7% 16% 2%

Degrees Held – Students Admitted to the Financial Engineering MS Program

Semester BS MS or MBA PhD J.D
Fall 2014 50% 40% 10% 0%
Fall 2013 56% 37% 7% 0%
Fall 2012 70% 25% 5% 0%
Fall 2011 57% 33% 10% 0%
Fall 2010 59% 29% 12% 0%
Fall 2009 64% 29% 7% 0%
Fall 2008 71% 18% 9% 2%