MS in Financial Engineering Application Requirements

Lehigh Business makes applying easier with no application fees!

To apply for free to the MFE program, use Lehigh's online application system.

As part of the application process, we require all applicants to submit an essay. This essay is an essential component of the evaluation process and provides us with valuable insights into your thoughts, experiences, and motivations. Please find the details below.

Essay Guidelines:

• Length: 1 to 2 pages
• Format: PDF or Word document
• Submission: Please upload the document in the designated section of the application portal

The essay prompt will be provided within the application portal, and we encourage you to take the time to reflect on the topic and articulate your thoughts effectively.

Your professional resume or CV should list your education and professional achievements. Include your computing skills. The resume or CV should be uploaded in the online application. 

The GMAT or GRE test score submission is Optional* for MS in Financial Engineering (MFE) applicants who have earned an undergraduate degree from an accredited college or university with an overall undergraduate GPA of 3.3 or better and meet the following criteria:

• Have achieved a transcript documented letter grade of B or better in TWO (2) or more quantitative undergraduate courses. Undergraduate courses considered include, calculus, linear algebra, statistics, and data analytics. Students must submit course descriptions/syllabi with their application for such coursework to be considered.

Applicants who choose not to submit a GMAT or GRE test score and who meet the criteria above will have their applications reviewed by the admissions committee but this is no guarantee of acceptance. 

Applicants choosing not to submit test scores will receive one of three responses from the admissions committee –

1. Acceptance into the MFE program
2. Request from the Admissions Committee for a GMAT or GRE test score submission
3. Denied Admission into the MFE Program

* “OPTIONAL” means it is at the discretion of the applicant whether they feel a GMAT or GRE test score submission strengthens their application.

GMAT scores will be accepted for evaluation as long as your official score is available through the testing service. Please indicate on your online application the date you are taking [or have taken] the GMAT.

GMAT test center, test information, and test preparation materials can be found by visiting the Graduate Management Admission Council ® [GMAC] website at www.mba.com.

Please use the proper program code shown below to have your official scores sent to Lehigh. Our office keeps GMAT scores on file for a period of five years. Official scores normally arrive at the Graduate Programs Office two weeks after the exam has been taken.

Program Code: 6ZB-FN-66

You may find a GRE test center, test information, and preparation materials by visiting the Educational Testing Service ® (ETS) website, www.ets.org/gre.

Lehigh’s institution code is number is 2365. The department code is 4102. 

Applying with Unofficial Transcripts

Unofficial transcripts are accepted when submitting an application. Unofficial transcripts are also acceptable for application review.

Domestic and international applicants should upload unofficial transcripts in English that show the degree received, along with course grades and cumulative grades.

International applicants must hold a bachelor's degree from a U.S. institution, or the equivalent of a bachelor's degree from a non-U.S. institution of higher education.

 

Submitting Official Transcripts

If admitted into the program, you will be required to submit official transcripts from all universities attended, and all post-secondary education including transfer credits. Official final transcripts must bear the signature of the university’s registrar, the seal of the issuing institution, and contain the name and date of the degree awarded.

Below are the accepted processes when submitting official transcripts.

From a U.S. or Canadian Higher Education Institution

Official electronic transcripts via an official secure transcript service are the preferred method of receipt. If the institution offers an electronic secure transcript service, please have the institution submit documentation to the following email address: business@lehigh.edu.

If the institution does not offer an official electronic transcript service, the official transcripts and degree certificates must be mailed in a sealed envelope with the institution seal and sent directly to our office using the address listed below.

From a non-U.S. Higher Education Institution

Official transcripts and degree certificates must be mailed from your college or university in a sealed envelope with the institution seal and sent directly to our office using the following address:

Lehigh University - College of Business
Graduate Programs Office
Lehigh Business Innovation Building, Suite 201
201 E. Packer Ave
Bethlehem, PA 18015
USA

If your non-U.S. institution cannot mail your transcripts, you will have to supply a course-by-course evaluation (fees for this service are the responsibility of the applicant). Lehigh Business has created a custom evaluation form for graduate applicants to Lehigh’s College of Business through IEE and SpanTran that will make sure you select the right kind of evaluation at a discounted rate! Lehigh's recommended companies for international transcript evaluations are the following:

• International Education Evaluations (Access IEE Evaluation Form)
• World Evaluation Services (Access WES Evaluation Form)
• SpanTran (Access SpanTran Evaluation Form)

You can find other accredited evaluation companies through the National Association of Credential Evaluation Services (NACES).

An additional course evaluation company for students from Chinese institutions is CHESICC. Students requesting course evaluations through this service should have all documentation sent to the following email address: business@lehigh.edu. The processing time for CHESICC documents is approximately 20 days.

You will enter your recommenders' information through the online application. Once complete, a web link will automatically be emailed to the recommender. We accept letters of recommendation from graduates of the program (MSAF or MFE) in addition to academic and professional references. Letters from family members or friends will not be considered. Paper copies of letters of recommendation will not be accepted.

A virtual interview with a member of our admissions committee is required. 

Lehigh Business Graduate Programs provides multiple pathways for applicants to demonstrate English language proficiency. Learn more about the various English proficiency pathways.