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FAQs | MS Finance

  • Question: How much is tuition for Krannert’s MS Finance program?

    Answer: Indiana Resident: $24,975; Non-Indiana Resident: $35,150; International: $48,507


  • Question: What are my chances of admission to Krannert?

    Answer: Due to the holistic evaluation process used by the Admission Committee, it is difficult to evaluate your chances for admission without having received your completed application. Please refer to our Admissions requirements for more information regarding our admission philosophy, guidelines, and application procedures.
  • Question: When are the application deadlines/’rounds’?


    • Application Round 1 (Early Round) is September 1 – November 1.
    • Application Round 2 (Priority Round) is November 2 – January 3.
    • Application Round 3 (Final International Round) is January 4 – January 31.
    • Application Round 4 (Final Domestic Round) is February 1 – April 1

    It is in the applicant’s best interest to apply with the strongest application possible rather than rush to meet an early round.  There will be seats available throughout all rounds; however, the earlier you apply the greater your opportunity to be considered for a financial award.

  • Question: What materials are required to apply?

    Answer: Please see our Application Requirements and International Requirements page for an overview of necessary application materials.
  • Question: How do I apply for a scholarship/assistantship?

    Answer:  All applicants are considered for scholarships during the admission review process. Therefore, there is no specific application process for these awards. The Graduate Programs Admissions Office will notify you if you are a candidate for these awards. For more information, please see the Financial Aid page.
  • Question: Who should I have write my recommendations?

    Answer:  We prefer that recommenders be employers or past supervisors who are able to render an opinion on the basis of close, current, and sustained observation. Recommendations from friends, family members, acquaintances, and other sources unable to evaluate professional or academic qualifications for our full-time programs are not acceptable.
  • Question: Is full-time work experience required in order to apply?

    Answer:  First and foremost, Krannert seeks to enroll students who are academically prepared for the rigor of a master’s degree in business.  We strive to enroll students who will add to the rich variety and diversity of the Krannert learning environment.  We prefer applicants to have completed four years of full-time post-baccalaureate work, with a minimum of two years, prior to applying to the MSF program.  We will consider relevant practical experience in the form of internships, military experience, etc.   A limited number of strong applicants with less work experience will be considered and potentially offered admission.
  • Question: What is the minimum GMAT score?

    Answer:  Minimum GMAT is 500 for MSF.
  • Question: What is Krannert’s school code so that I can send my official GMAT score?


    The codes for the MS Finance program is:

    • MS with a concentration in Finance
  • Question: Can I submit my GRE score in place of the GMAT?

    Answer:  Though the GRE can be considered, the GMAT is preferred as it is a test specifically designed to evaluate a person’s ability to be successful in business school.  The MS(F) program requires the GMAT.
  • Question: What Language Assessment tests does Krannert accept? What is the minimum required score for each test?

    Answer:  The Graduate School accepts all valid forms of English language assessment testing, including all types of TOEFL, IELTS, and PTE.  Please refer here for test requirements.

    Please note:  English language assessment test scores are valid for a period of three years.  If the test is expired, you will be required to retake an exam.  The test must be valid at the time your application is under review by the Purdue University Graduate School.

  • Question: In order to have my official TOEFL score report submitted to Krannert, what is your school code?

    Answer:  You will need to use institution code 1631; however, no department code is necessary.  Please refer to  for information on how report your official scores.
  • Question: Though I am an international applicant, the majority of my education was instructed in English. Am I still required to take some form of English language assessment test?

    Answer:  Yes.  If you were born in a country where English is not the native language of that country, you will be required to provide an English language assessment test, regardless of the language of instruction.
  • Question: If I am an international applicant, can I qualify for a waiver of the English language assessment test?

    Answer:  Only if you have obtained a baccalaureate degree or graduate or professional degree within the past 36 months from a college or university where English is the primary language of instruction, in a country where English is the native language.  In order to meet this requirement, receipt of degree must fall within the 36 month period when your documents are under review by the Krannert School of Management and the Purdue University Graduate School.  Test scores expire on the first day of the month in which they were taken.
  • Question: Can I submit my application without test scores?

    Answer:  No. Please do not submit your application unless test scores are provided. It is strongly recommended that you submit only the scores you intend to have reviewed by the Admissions Committee. Applications will not begin the review process until all application materials (including payment, test scores, transcripts, and recommendations) are received by the Purdue Graduate Programs Admissions Office. The Admissions Committee requires that all test scores be received before applications can be reviewed.
  • Question: Am I required to submit proof of financial support with my supplemental materials?

    Answer:  No.  Proof of financial support is only required of international students who receive a favorable admissions decision. Please do not include proof of financial support with your application. Upon an offer of admission, students will work with the Office of International Students and Scholars (ISS) to demonstrate eligibility for a Certificate of Eligibility (I-20 or DS-2019).
  • Question: Who do I contact for financial aid information?

    Answer:  Please see our Financial Aid page for information pertaining to assistantships, scholarships, and student loans.
  • Question: Are admission interviews required?

    Answer:  Yes, a video interview is required.
  • Question: How do I schedule an admission interview?

    Answer:  If requested to interview, you will be invited by an Admissions representative through email which will include details regarding the interview process. The majority of interviews will be conducted through Skype with video capability.
  • Question: May I request a waiver of the application fee?

    Answer:  The Krannert School of Management will satisfy the application fee for domestic applicants of its MS Finance program who are permanent legal residents of the United States and/or those applicants who have successfully completed a Purdue University or Purdue Global baccalaureate degree. By removing the barriers of the application fee for qualified domestic students it is our goal to make the transformative experience available at the Krannert School of Management more affordable and accessible.
  • Question: Does Krannert offer spring enrollment?

    Answer:  No, not for the MS Finance program. Programs that do offer Spring enrollment incude MS Accounting, MS Economics, and MS Global Supply Chain Management.
  • Question: Does Krannert accept transfer credits?

    Answer:  No.  The Krannert Master’s programs do not accept transfer credits at any time.
  • Question: If I am enrolled, is it possible for any of the core courses to be waived?

    Answer: No, not at this time.
  • Question: Can I have a paper application sent to me?

    Answer:  No.  All applications must be completed and submitted online. We do not provide or accept paper applications.
  • Question: How can I check the status of my application online?

    Answer:  Currently this is not an option for students.  We strive to have an admissions decision within 60 days from the submission of your application.
  • Question: Are there any prerequisites/specific courses required in order to apply?

    Answer:  There are no specific courses required in order to apply.
  • Question: If I have applied to Krannert previously but was denied admission, what is the process to reapply?

    Answer:  Applicants are permitted to apply to one program per year.  If reapplying, a new application must be completed in its entirety. To assess your competitiveness, please refer to our individual program pages.  For further details regarding the reapplication process, please contact
  • Question: What are your placement statistics?

    Answer: Please refer to the information provided by the Krannert Professional Development Center.
  • Question: What is the online KIRA video interview/essay?

    Answer: Applicants are required to complete 3-5 video interview/essay questions. This helps us get to know you a little better and gain insight that cannot be gained in a written application, A unique link to the KIRA platform is provided in the application portal once your application is submitted. Please plan to complete all components prior to your preferred application deadline in order to be considered for admission.

  • Question: Does the online KIRA video interview replace my admissions interview?

    Answer: No. The KIRA video interview/essay is considered part of the application for admission; admissions interviews are separate and by invitation only.