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• A one page statement of purpose is required.
• Official Undergraduate and if applicable Graduate transcripts are required.
• 3 letters of recommendation are required.
• The average GPA is 3.6/4.0.
• You may only apply on-line.
• This program can generally be completed in three to four terms.
• The program is offered on campus only.
• There is no financial aid available from the program.
• How does the application process work for a degree seeking applicant?
  
  Link to: Financial Engineering Admission Facts and Questions

Application submission deadline dates for all Financial Engineering Domestic and International applicants applying for Summer only enrollment are:

• Tuition rates are available from this website http://www.umich.edu/~regoff/tuition/.
  
  

• There is no Financial Aid available from the program. Students are encouraged to secure financial aid through national fellowship programs, through company employee education programs, etc. For more information, please refer to the University of Michigan Financial Aid web site: http://www.finaid.umich.edu.
  
  Link to: Financial Engineering Frequently asked Financial Aid Questions

• TOEFL scores are sent via tape directly to the University of Michigan (Institution code: 1839). Official ECPE, IELTS and MELAB scores must be sent directly to Rackham Graduate School.
  

• Effective for Fall 2007 Financial Engineering applications, we will not accept GRE scores with a test date prior to October 2002.
  
• Only GRE Scores are accepted. No substitute scores will be accepted.
  
• The GRE (general portion) scores are required. For test score identification, the Institution code for the University of Michigan is 1839.
  
  GRE Quantitative portion should be 700 or above, the GRE Analytical Writing portion should be between 4 - 6.
  GRE website: http://www.ets.org/.

• Applicants whose native language is not English must demonstrate English proficiency. Applicants are required to provide an official score report from either the Michigan English Language Battery (MELAB), the Test of English as a Foreign Language (TOEFL), the International English Language Testing Systems (IELTS), or the Examination for the Michigan Certificate of Proficiency in English (ECPE). Photocopies and/or faxes of IELTS, TOEFL, or ECPE scores will not be accepted. The College of Engineering requires the following minimum requirements for admission consideration (some programs of study may have higher minimum score requirements)
  • TOEFL website: http://www.ets.org
  • IELTS website: http://www.ielts.org
  • MELAB website: http://www.lsa.umich.edu/eli/melab.htm
  • ECPE website: http://www.lsa.umich.edu/eli/testing/ecpe/
    Note: Scores that are more than two years old will not be accepted as valid

Applicants who are required, as a condition of admission, to have their English re-evaluated by taking the Academic English Evaluation (AEE) cannot register for academic courses until the evaluation is complete. You should arrive in Ann Arbor in plenty of time to have the re-evaluation completed before classes begin.

Applicants who have earned a degree from an institution where the language of instruction is exclusively English, (i.e. U.S., United Kingdom, Australia) are exempt from submitting a MELAB, TOEFL, IELTS, or ECPE score.

InterPro-Financial Engineering (FE) (mailing address):
University of Michigan
1542 H. H. Dow Building
2300 Hayward Street
Ann Arbor, MI 48109-2136

Rackham Admission Office
915 E. Washington Street
Room 106
Ann Arbor, MI 48109-1070

• Online Application web site: https://apply.embark.com/Grad/UMich/Rackham/ProgramA/
  
  Please use the following information when completing the application:
  Code: 00209; Academic Program: Financial Engineering; M.S.E
  
  Please note: Choose one numeric code, Academic Program, and degree level for each application submitted .
  
  (Please note that you must mail a portion of the application supplements in a packet to the Rackham Admission Office and you must mail a portion of the application in a packet to the FE Office. See online instructions.)

• Information regarding the status of your submitted application and supplemental materials will be available on-line. An email will be sent to you from the Rackham Graduate School 1-2 days after your application has been entered into the University of Michigan system. The email will also explain how to access the Web Application Status site. A decision on your admission is usually available 4 - 6 weeks after the application deadline.

• Application fee instructions can be found at the following web site: http://www.rackham.umich.edu/Admis/prosp/apply/fees.html.

• The statement should be a concise, well-written essay about your background, your career goals and how the Financial Engineering Program will help you attain your career and educational objectives. (Instructions for submitting your statement of purpose online can be found when you are completing the online application.)
• In addition to the statement of purpose, submit a 2-3 minute DVD presentation introducing yourself and why you want to pursue this degree. (Please mail the DVD to the Financial Engineering Office.) A DVD is required for applicants from countries whose official language is not English. A DVD is optional for applicants from countries whose official language is English.

• International applicants must submit an Affidavit of Financial Resources. Information on Affidavit of Financial Resources may be found at the web site: http://www.rackham.umich.edu/Admis/prosp/apply/fin_evidence.html
  
  If you are recommended for admission by your respective department and Rackham approves the admission, you will be notified by Rackham to submit the Affidavit of Financial Support for International Students along with the required financial documentation (i.e. bank statements).

• Instructions for submitting your resume online can be found when you are completing your online application .

• You must provide 2 sets of official records from each undergraduate or postgraduate institute you have attended. One set must be submitted to your program and the second set must be sent to Rackham Graduate School Admissions. It is your responsibility to request the release of any such records from the institutions involved.
  
  In order to be considered official, all academic records, transcripts must bear a seal and signature in ink of an authorized official of the institution such as the Registrar or Recorder of Records). Official documents must be provided from the Institution awarding the degree. Academic records certified by notary of publics are not official.
  
  For detailed information regarding submitting your official transcript go to: http://www.rackham.umich.edu/Admis/prosp/apply/doc_submit_transcript.html
  

• Three letters of recommendation are required.

Ways to submit letters of recommendation:

• Electronically (via the online application) -- Recommenders will complete the recommendation form online and submit it electronically to the program of study. Do NOT send paper copies of recommendations to the program of study or to Rackham when recommendations are submitted electronically.
  
  
• By Mail (via paper) -- The letters of recommendation must be sent directly to the Financial Engineering Program. Do NOT send them to Rackham Graduate School Admissions. You will need to provide the recommender with an envelope addressed to Financial Engineering Program.