Admission Statistics

The number of applicants to the MFE program for Fall 2010 admission increased by 33%, while simultaneously having a stronger pool of applicants (the average GRE Quantitative score of all the applicants increased from 770 to 781, an all-time high). This is reflected in the strength of our Fall 2010 cohort, the strongest we have ever enrolled, based on average test scores.

SemesterApplicantsAdmittedAdm. RateEnrolledYieldFull-Time & Part-TimeInternational
Fall 2002582543%2080%11 & 96
Fall 2003952728%1452%7 & 72
Fall 20041324836%3879%16 & 228
Fall 20051293628%2672%13 & 136
Fall 20061844223%3481%15 & 199
Fall 20073374814%3576%19 & 1613
Fall 20085145711%4070%28 & 1213
Fall 2009352298%2483%16 & 85
Fall 2010467357%2886%21 & 710

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.

Average GPA and Test Scores for All Applicants

GPAGREGMAT
SemesterUndergradGraduateQuantitativeVerbalAnalyticalQuantitativeVerbalAnalyticalTotal
Fall 20023.23n/a703492n/a4327n/a579
Fall 20033.213.437274684.141323.8567
Fall 20043.323.527464564.043264.0585
Fall 20053.313.547514674.047294.2634
Fall 20063.273.557584784.048314.2656
Fall 20073.373.577675064.048334.5664
Fall 20083.403.537805433.948334.6675
Fall 20093.363.52770505n/a48334.7n/a
Fall 20103.423.62781514n/a4833n/an/a

Average GPA and Test Scores for Admitted Students

GPAGREGMAT
SemesterUndergradGraduateQuantitativeVerbalAnalyticalQuantitativeVerbalAnalyticalTotal
Fall 20023.45n/a717505n/a4422n/a580
Fall 20033.313.597555544.654333n/a627
Fall 20043.433.577545304.5844313.6613
Fall 20053.453.727595394.3248315685
Fall 20063.383.577685384.3849344.1687
Fall 20073.533.667955824.5949.637.95.4718
Fall 20083.533.717965754.449.937.44.9721
Fall 20093.543.647905824.249.939.94.9735
Fall 20103.443.627945754.35034.44.6704

GPA - Admitted Students

Semester1st Quartile2nd Quartile3rd Quartile4th Quartile
Fall 20022.30 – 3.303.30 – 3.503.50 – 3.703.70 – 3.90
Fall 20032.50 – 3.003.00 – 3.303.30 – 3.583.58 – 4.00
Fall 20042.60 – 3.183.18 – 3.523.52 – 3.703.70 – 4.00
Fall 20052.60 – 3.013.01 – 3.503.50 – 3.723.72 – 4.00
Fall 20062.50 – 3.203.21 – 3.463.50 – 3.713.74 – 4.00
Fall 20072.50 – 3.323.39 – 3.553.56 – 3.703.70 – 3.96
Fall 20082.78 – 3.303.30 – 3.513.58 – 3.763.78 – 4.00
Fall 20092.72 – 3.303.41 – 3.603.60 – 3.803.82 – 4.00
Fall 20103.00 – 3.173.22 – 3.403.40 – 3.633.63 – 4.00

GRE Scores for Admitted Students – Detailed Statistics

GRE Admitted – Quantitative ScoreGRE Admitted – Verbal Score
Semester1st Quartile2nd Quartile3rd Quartile4th Quartile1st Quartile2nd Quartile3rd Quartile4th Quartile
Fall 2002510 – 680680 – 730730 – 800800300 – 350350 – 570570 – 620620 – 690
Fall 2003580 – 740740 -770770 – 800800300 – 410410 – 610610 – 630630 – 800
Fall 2004640 – 730730 -760760 – 790790 – 800330 – 450450 – 550550 – 600600 – 720
Fall 2005590 – 740740 -780780 – 800800320 – 410410 – 560560 – 640640 – 760
Fall 2006670 – 740740 -790790 – 800800330 – 460490 – 540550 – 600620 – 800
Fall 2007760 – 790790 – 800800800280 – 530540 – 600620 – 680680 – 800
Fall 2008760 – 790800800800380 – 510520 – 570580 – 660670 – 780
Fall 2009750 – 790790-800800800320 – 470530 – 600620 – 700720 – 780
Fall 2010760 – 800800800800460 - 540550 – 560570 – 620630 - 710

Majors – Students Admitted to the Financial Engineering MS Program

SemesterEngineeringMathematicsEconomicsFinance BusinessPhysicsComputer ScienceHumanities
Fall 200420%26%9%17%2%19%7%
Fall 200520%27%0%19%6%20%9%
Fall 200620%16%7%15%6%26%10%
Fall 200728%15%8%21%10%13%5%
Fall 200835%21%7%12%7%16%2%
Fall 200937%7%5%36%5%9%0%
Fall 201032%27%8%8%6%20%0%

Degrees Held – Students Admitted to the Financial Engineering MS Program

SemesterBSMS or MBAPhDJ.D
Fall 200459%39%0%2%
Fall 200562%24%12%3%
Fall 200645%52%0%2%
Fall 200754%39%7%0%
Fall 200871%18%9%2%
Fall 200964%29%7%0%
Fall 201059%29%12%0%
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