Fall semester admission: Timing for the admissions process for the master’s program is:

  • March 1: Deadline to apply for admission to the upcoming fall semester
  • March – early April: Students notified by the university of admission decision
  • April 15: Students notify the university of their intention to attend

Submission of official Graduate Record Examination (GRE) scores is not required for MSFE program applicants. Applicants may still submit GRE scores if they wish. If a GRE score report is submitted, it will be considered as one part of a holistic evaluation of the application.


1. Fill  out the Graduate School Online Electronic Application at:

You will select the “Financial Economics MS” program under the “Browse UW-Madison graduate programs” link.  You can apply to up to three programs on one application. To complete the application, you will need to submit the following materials (in PDF format):

  • Statement of Purpose
  • All transcripts from the universities or colleges you have attended: Please scan all transcripts from all your degree-granting institutions and any other institution where you have been enrolled and upload the pdf file(s) to your application. The transcript uploaded must match the official transcript and there should be no changes or edits made to it. One official transcript or academic record is required from each degree-granting institution you attended for all undergraduate and graduate courses you have taken. Do not upload any high school transcripts. Transcripts must be uploaded by March 1st for fall term admissionInternational academic records must be in the original language accompanied by an official English translation. Your school should provide an official translation of your documents; otherwise have a translation done by your school or an official translator. In some countries, these people are also notaries. Do not submit an evaluation from a credential evaluation service in lieu of a translation.
  • Math Preparation Form: Please complete the Math Preparation form. Applicants must complete a total of three semesters of calculus and one semester of linear algebra in their undergraduate coursework. Complete either the PDF version or Word version of the document. If you complete the form in Word, save the document as a PDF file. Upload the completed document; the file must be in PDF file format.
  • Writing Sample: All applicants must submit a writing sample in English. The writing sample can be a research paper or an article demonstrating your ability to do research and present your research in written form. Please upload your writing sample in PDF file format.
  • Resume/CV: All applicants must submit a resume or CV in English. Please upload your resume/CV in PDF file format.
  • Graduate School Application fee: This fee is required to complete the application. Information on the fee is available here under Frequently Asked Questions (FAQs):

2. Provide two letters of recommendation. Letter must be submitted electronically by your references no later than March 1 for fall term admission.

3. Take the TOEFL examination (required only if you are a non-native English Speaker). Every applicant whose native language is not English or whose undergraduate instruction was not in English must provide an English proficiency test score and meet the Graduate School minimum requirements ( In most cases, students required to take the test must achieve a score of 92 or better.

Arrange for ETS to send your TOEFL scores or IELTS (if required) scores to the Graduate School.

  • It is very important you use the same name and spelling on the application as you used on the test form to avoid any delay in adding scores to your file.
  • The format of your date of birth is very important too. Please use the month/day/year (mm/dd/yyyy) format to avoid delays.
  • TOEFL or IELTS scores are accepted if the test is taken within two years of the start of the admission term.
  •  Students who apply to both the MS-Financial Economics and PhD program are required to submit GRE scores.

Note: More information regarding the TOEFL requirement, the online application, fees, and Graduate School Frequently Asked Questions (FAQs) is available at the Graduate School admissions page.

2024 Fall Term Admission: All application materials must be submitted no later than March 1, 2024.

Fall 2024 Admission Deadline: March 1, 2024

Fall 2024 Decision Deadline: April 15, 2024

Applications submitted by Jan 15, 2024 will have admission offers sent by March 1, 2024




Tuition for MSFE Program for the 2021-2022 academic year is $2500 per credit.


Students enrolled in the Master of Science in Financial Economics are not eligible to receive tuition remission from graduate assistantship appointments at this institution. Accepting any positions which grants tuition waiver while enrolled in the program may lead to the removal of the student from the Master of Science in Financial Economics student cohort. Corporate tuition support is not included in these categories, nor is the waiver of tuition due to veteran status.

For further information, refer first to the MSFE Program Frequently Asked Questions (FAQs).

If you have additional questions, please contact us at or call (608) 263-5548.