Purdue University Masters in Finance Update – September 2021

I was checking on my posts for the Purdue University Masters in Finance program and realized it has been ages since I last wrote an update post on this program. A lot has changed and Purdue is one of those universities that I should make an effort to get more written about. The school is extremely well known and regarded and they seem to have been putting a lot of effort into their MSF program. This post will be a comprehensive over of the program since a lot has changed since I last posted and I will reach out to the school to see if I can learn more and post with more frequency.

Overview

The Purdue University MSF is a 10-month program, 36 credit hour, STEM certified masters in finance degree. This program is highly customizable and something that Purdue does that I think is very interesting as well as beneficial is have 2 credit hour classes. This allows for a larger number of classes and subject matters to be experienced over the almost year you are in school. There is also a Financial Econometrics extension option that adds length to the program and additional cost, but provides a more quantitative tilt to your degree.

Class Profile

Below is the three year average class profile:

• Number of Students – 29
• % Women – 35%
• Age – 23
• Mean GMAT – 622
• Mean UG GPA – 3.34
• Work Experience – 11 months

I went back and checked on some older posts and this profile is still largely in line from what I wrote about earlier. Class has gotten a little younger with a little less work experience, but the quantitative scores have largely held. This is good to see, especially with how competitive it is to get quality students for these specialized masters programs.

Careers

I’ve posted this list before and checked and do not see any new firms to add to the list. As always, I will reach out and see if there is any additional detail for all of you. Still, as I mentioned previously, the list includes a number of amazing firms and shows the reputation of both the program and Purdue University.

The average salary for MSF graduates accepting a position is $56,724. The median salary for MSF graduates accepting a position is $65,000.

Admissions & Tuition

The program starts July 11, 2022 and is currently ramping up for the application season. Admissions are a rolling process, but below are some deadlines to keep in mind.

• Priority Domestic Deadline – January 15th
• Final International – March 1st
• Final Domestic and internationals currently living in the U.S. – June 1st

The application process is standard – essays, transcripts, GMAT, resume, etc. The program does mention that the GMAT is preferred for scholarship consideration. The university also includes a list of requirements that I think are helpful for all of you thinking about the program:

• > 2.4 GPA for STEM degrees, > 2.6 for non-STEM degrees
• 500 GMAT score or equivalent GRE score
• > 93 TOEFL score or equivalent IELTS score for international applicants
• Two recommendation letters, statement of purpose, and resume
• 12 months of work experience or 2 relevant internships
• After application, a Kira video interview and live interview

These seem very reasonable and obtainable so I don’t think they should be much of a program.

Program costs are as follows:

• Indiana Residents: $24,336
• Non-Indiana Residents: $35,208
• International Students: $48,600

These are also very reasonable, even for domestic students not living in Indiana.

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I am glad I realized how long it had been since I updated all of you on this MSF program. I will make an effort to not let as much time elapse as previously. Until then, keep checking back!

Here is a link to the Purdue University Masters in Finance Program