Master of Science in Finance

The Master of Science in Finance is a 30-credit program including five required finance courses, a minimum of three finance elective courses, and a maximum of two non-finance elective courses.

Required Finance Courses

Finance Elective Courses (select a minimum of three)

Non-Finance Elective Courses (select a maximum of two)

Total number of courses required for the degree = 10.

Total credit hours required for degree = 30.

Last Updated 5/4/2022.

1. Disciplinary Knowledge: Program graduates will be able to integrate financial concepts and techniques in both an academic and applied perspective.
2. Communication & Research: Program graduates will be able to clearly, efficiently, and effectively communicate finance-related information and research in both oral and written methods.
3. Analytical Skills: Program graduates will be able to access, analyze, and interpret financial data.
4. Risk Management: Program graduates will be able to assess and manage risk in financial decision-making processes.

UMass Lowell undergraduate students with a 3.000 GPA or better have the opportunity to save time and money by earning a bachelor's and a master's degree in a little as five years. Students can continue from bachelor’s to master’s level studies within their own department. Or students can apply to a program in a different department to create a set of skills to meet emerging needs in the workplace and their own academic interests.

Learn more about the Bachelor's-to-Master's Programs.

Cost Per Credit: $655
Term Registration Fee: $30

Estimated Total Program Cost (30 credits): $19,650 

As a graduate student, you may qualify for federal student aid and other need-based scholarships. To be considered for financial assistance, you must complete the Free Application for Federal Student Aid (FAFSA). Learn more at UMass Lowell Graduate Aid.

The Free Application for Federal Student Aid (FAFSA) is available to U.S. citizens, permanent residents, and certain eligible non-citizens. Please visit Financial Aid if you have questions about your eligibility.

All Manning School of Business master’s and doctoral applicants must submit:

1. An application
2. An application fee
3. A statement of purpose
4. Letters of recommendation
5. Official transcripts
6. Official test score report - GRE or GMAT only required for Ph.D. applicants
7. Resume

Note: All required materials must be received before the application package can be evaluated. If you need to introduce new references or add other supporting documents, log on to your application, click on “Program Materials” to update your application. Please note the new documents and references will be considered only if your application has not been reviewed for admission.  

International Students: please see the additional application requirements.

Bachelor's to Master's Students: You will not need to apply via the application portal. Visit the Bachelor's to Master's page to learn about the process to transition to your desired master's program.

1. Online Application application

Manning School of Business is participating in the common application for business programs (Business CAS). Applications are only being accepted using the online process. Instructions are included in the online application link.

Apply for Summer 2025, Fall 2025, Spring 2026

2. Application Fee

The application fee is $75 for each application and is non-refundable. Applications will not be processed until this fee is received or application fee waiver has been approved and delivered to the Office of Graduate Admissions.

3. Statement of Purpose statement

In a separate document, submit a brief statement indicating your immediate and long-range goals, relevant work history, academic honors/awards received, any teaching experience and/or research conducted/published that may be pertinent to your graduate program. Two page recommended maximum.

Note: If you are applying to more than one program, you will need to submit a program-specific statement of purpose with each application package.

4. Letters of Recommendation recommendation

Master's applicants need to submit two (2) letters of recommendation. Doctoral applicants will be asked to submit three (3) letters of recommendation. You will be asked to provide (names and email addresses) referees during the application process and that an automated request will be sent out after completion of your application. If you choose, you may use the graduate admissions recommendation form (pdf) for these; use of the form is optional.

Recommendations should be from instructors who have taught you, ideally in the field to which you are applying. Recommendations may also be from employers or supervisors who are in a position to compare your performance to that of your peers. Please use the recommendation form for these.

5. Official Transcripts transcripts

Provide a complete and official transcript from the institution that awarded or will award you a bachelor’s degree. You may also include transcripts from other institutions at which you have taken relevant coursework. Please note that waiting for additional transcripts may delay review of your application.

Transcripts should be sent in sealed and signed envelopes mailed to the Office of Graduate Admissions. If you received your degree from UMass Lowell, it is not necessary for you to request a transcript, we are able to provide one for you.

UMass Lowell Graduate Admissions
GPS Center
839 Merrimack Street, 2nd Floor
Lowell, MA 01854-3941

International transcripts that do not clearly indicate to the Office of Graduate Admissions that you have received a four-year bachelor’s degree, the equivalent of an American bachelor's degree must be demonstrated before an application will be processed. Please note, the Office of Graduate Admissions reserves the right to have any application credential evaluated. Baccalaureate verification may be obtained for a fee at:

Center for Educational Documentation, Inc.
P.O. Box 170116
Boston, MA 02117
Telephone: 617-338-7171
Fax: 617-338-7101
Center for Educational Documentation website
World Education Services website

test-score 6. Official Test Score Report(s)

Our Ph.D. program requires all applicants to submit either the GRE or GMAT score and this test score cannot be waived. If you are applying to a Master's program you do not need to submit GRE or GMAT scores, although these will be accepted. If you wish to submit test scores as part of your application, please have the appropriate agency send official test scores to the to the Office of Graduate Admissions. UMass Lowell’s school code is 3911.

Master of Business Administration

GMAT/GRE not required

If English is NOT the national language in your home country, please submit one of the following English proficiency tests:

• TOEFL: minimum acceptable score is 90
• IELTS: minimum acceptable score is 7.0
• Duolingo: minimum acceptable score is 125
• ASC English: minimum acceptable level is 6
• Pearson Test of English: minimum acceptable score is 64

Master of Science in Finance, Master of Science in Accounting, Master of Science in Accounting Analytics and Master of Science in Business Analytics

GMAT/GRE not required

If English is NOT the national language in your home country, please submit one of the following English proficiency tests:

• TOEFL: minimum acceptable score is 100
• IELTS: minimum acceptable score is 7.0
• Duolingo: minimum acceptable score is 135
• ASC English: minimum acceptable level is 6
• Pearson Test of English: minimum acceptable score is 72

resume 7. Resume

Please submit a resume.