Additional Note Drexel University – M. S. in Finance (Lebow Business School) Program description M. S. in Finance

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Additional Note

Drexel University – M.S. in Finance (Lebow Business School)
  1. Program description

M.S. in Finance

Do you dream of the opportunity to become a financial steward for individuals, corporations, or other organizations? Professionals working in finance play a very important role in the global economy, and Drexel LeBow’s MS in Finance program will prepare you for this responsibility. Like the MBA program, the MS in Finance program can include an internship or consulting experience with an employer in the finance field.

This program provides a focused curriculum for financial professionals to truly excel at the science of finance. Many of our students opt to achieve the Chartered Financial Analyst (CFA) designation after completion of this program.

Program Delivery

  • 54-credit plan of study]

  • Offered in a traditional face-to-face classroom setting as well as online

  • Full-time program is designed completed in 24 months with a break between year one and two

  • Part-time program available, completion times vary by student

  • Program begins in the fall term; however students interested in beginning the MS Finance program during winter, spring and summer terms may reach out to the Office of Admissions to inquire about course availability

  1. Deadline

Application Deadlines

Advance your career and solve business problems with a graduate degree from Drexel LeBow. We are now accepting applications for Fall 2018.

Round 1 application deadline is January 31st.

Important Deadline Dates



December 15, 2017

Priority Decisions sent: Full-Time MBA only

January 26, 2018

Priority Decisions sent: All programs

January 31, 2018

Round 1 applications due: All programs normal review

February 23, 2018

Decisions sent: Round 1

March 30, 2018

Round 2 applications due: All programs normal review

April 27, 2018

Decisions sent: Round 2

June 30, 2018

Fall 2018 Application Deadline for all programs (International and Domestic applicants)

Only domestic applications will be considered after June 30, 2018.

Applicants who meet our admissions standards should apply using our online application.

Contact us at any time if you have questions, would like to speak with a faculty member or participate in a tour of Drexel’s campus and our College building, Gerri C. LeBow Hall.

Check the academic calendar for exact start dates.

  1. Admission requirement

  • GMAT / GRE

GMAT or GRE is acceptable for consideration to graduate programs. TOEFL or IELTS is required for applications who did not earn an undergraduate or graduate degree in the United States. A select number of seats may be available in designated cohorted MBA programs for applications eligible for a GMAT waiver. Our Admissions Committee prefers a minimum GMAT test score of 570 or above or a combined GRE score of 310 or above. However, admissions decisions are based on the entire application package.

Which test scores do graduate business schools accept?

Traditionally, the Graduate Record Exam (GRE) is used for admissions decisions in multiple graduate programs disciplines, while the Graduate Management Admission Test (GMAT) is used exclusively for admissions into graduate business schools. Most business schools require that a GMAT score is submitted.

However, LeBow found that many highly qualified applicants who had technical backgrounds and held advanced degrees in STEM fields had already taken the GRE as part of their application to these disciplines. Because of this LeBow accepts either the GMAT or GRE scores for admission into our MBA and MS degree programs. In fact, we were one of the first graduate business schools to accept the GRE in addition to the GMAT.

Particularly outside of the United States, we are seeing more applicants, for both masters of business administration and master of science programs submitting a GRE score rather than a GMAT score.

What’s the difference between the GRE and GMAT?

There are strong similarities in both standardized tests. Both include an analytical writing, verbal and math/quantitative sections.

The major difference is that the GMAT now includes a section called integrated reasoning, which measures a candidate’s ability to evaluate information presented in multiple formats from multiple sources. These are the business analytics skills that employers are now demanding from their freshly minted MBA’s in our data-driven world.

Which test should I take?

While some programs do accept both the GMAT and GRE, if you are a first time test taker, consider taking the GMAT if available. The integrated reasoning score can’t hurt you but it can help in making an admissions decision.

Admissions reviewers look for a well-rounded application package and a standardized test score is just one component of this. A strong integrated reasoning score can enhance a mediocre GMAT score. If you score well in integrated reasoning, it shows the admission review committee that you probably have the quantitative and analytical skills to succeed in a quality MBA or MS in business program.

In the end, it is ultimately your choice.


We accept the IELTS in addition to the TOEFL to test English Language comprehension. IELTS, like the TOEFL, tests Listening, Speaking, Reading and Writing skills. IELTS has Band scores of One to Nine with Nine being the highest competency. We look for an overall minimum composite score of 6.5 with a minimum score of 6.5 in Speaking competency and a TOEFL score of 90 or above.

  1. Process & Mailing Address

  • Application Checklist

  • Online Application

  • Application Fee $65

  • Transcripts

  • Two References

  • GMAT (Code:6GJ-QT-99) / GRE (Code: 2194)

  • IELTS/ TOEFL (Code: 2194)

  • Professional Resume(CV)

  • Essay

  • Please mail all documents to:
    Graduate Admissions
    LeBow College of Business
    3220 Market Street, Suite 453
    Philadelphia, PA 19104

  • Transcripts

Official transcripts must be provided for each institution attended. Transcripts must be submitted in a sealed envelope with the university seal over the flap. Official transcripts can be sent electronically to if the institution uses an e-transcript service.

International Applicants:
Please enclose official transcripts (mark sheets and degree certificates) from all colleges/universities attended. If your school issues only one transcript for life, you may send a notarized photocopy, bearing the seal on each page. Please note that any applicant, regardless of program, may be required to provide a transcript evaluation should the Admissions Committee determine it is needed for the application to be reviewed. Applicants are responsible for supplying all necessary documentation required and all necessary fees associated with transcript evaluation services.

  • References

Two letters of reference are required. Professional references are preferred. They may be submitted online. On a case-by-case basis, applicants may be invited to interview in person or via telephone with a member of the admissions committee.


  • Essay

To further aid the admissions committee in evaluating your application, you must submit a personal statement of approximately 500 words. This statement should describe in detail your reasons for pursuing a degree from LeBow College, your short-term and long-term career plans, and how your background, experience interests and/or values, when combined with a Drexel graduate degree, will enable you to pursue those goals successfully.

  • Professional Resume

Applicants can upload their resume as part of the admission application or through the Discover Drexel Portal after you submit your application.

  1. Additional note for Int’l Applicant

  • Tuition


College of Arts and Sciences


Tuition per Credit Hour

Full-Time General Fee

Part-Time General Fee

All Programs 




MS in Finance







Residence Hall Option

Eligible Residents

Cost per Quarter per Resident

Cable TV & Internet



Traditional double occupancy: Kelly, Myers, Towers Hall

New First-Year Freshmen





Traditional single occupancy: Kelly, Towers Hall 
(limited spaces available)

New First-Year Freshmen





Hybrid: Millennium Hall

New First-Year Freshmen





Suite-style: North, Race, Van Rensselaer

New First-Year Freshmen





Suite-style, double occupancy bedrooms: North, Caneris

Returning and Transfers





Apartment: Stiles Hall 1-Bedroom (Furnished)

Returning and Transfers





Apartment: Stiles Hall 2-Bedroom (Furnished)

Returning and Transfers





Apartment: Stiles Hall 3-Bedroom (Furnished)

Returning and Transfers





Graduate Housing and Rates Information

  • Visa


If you will be departing the United States during break, you must have the proper documents in order to re-enter so you can continue your time here at Drexel.

Valid I-20 or DS-2019 – You will need a valid I-20 or DS-2019, if your program has not ended and you are in good standing with the ISSS office.

Valid travel signature on your I-20 or DS-2019 – Travel Signatures are valid for one year from the date of last signature in most cases. There is an exception for F1 students on OPT. For students on OPT, travel signatures are valid for six months from the date of last signature. The travel signature is on the second page of your I-20 or the front page of your DS-2019.

Valid U.S. Visa – Please visit the U.S. Visas website if you are traveling to Canada, Mexico, or an adjacent island with an expired visa. ISSS can provide a support letter for renewing your visa, if needed. If you are renewing your visa, be sure that you have enough time to do this during break. If you will not have enough time to renew your visa, it is not advised that you leave the United States.

Valid passport (valid for at least six months) 

Unofficial transcript – ISSS recommends that Drexel students carry an unofficial transcript printed from DrexelOne.

If you have left without a signature or have a question about your travel during break please email The account will be monitored for emergency messages and you will get a reply.

Please see New International Student page for important information before you arrive in the U.S. New students can also review the Pre-Arrival Handbook [PDF] for more information to prepare for their transition to Drexel and the overview on Transportation to Philadelphia [PDF] to guide you through your arrival to Drexel University and Philadelphia.

  1. OTHER

  • Financial Aid


There are several different ways to apply for financial aid depending on what type of student you are. Below are the steps that outline the process:


If you are thinking of applying to Drexel or have applied for admission and are also interested in applying for financial aid, please review the Financial Information for Prospective Students.


Continuing students should take the following steps to apply for financial aid for subsequent years of their enrollment.

  • Review the Financial Aid Allocation page to understand how financial aid is disbursed in all years of a program.

  • U.S. citizens and permanent residents should complete a Free Application for Federal Student Aid (FAFSA) for each year of their program. View information about completing a renewal FAFSA and deadlines.

  • There may be additional requirements or steps that students must complete before their financial aid can be completed for an upcoming year. Students should check the "Billing and Financial Aid" tab inDrexelOne to determine if they have additional requirements to complete.

  • Review the terms and conditions to ensure that all requirements for financial aid eligibility are met.

  • The Financial Aid Office will review students' eligibility for merit scholarships automatically; if a student is determined to be not meeting the requirement for a scholarship or award, the student will be notified. 

  • Private scholarships typically require separate applications that are submitted directly to the organization offering the award. Tools for finding private scholarships can be found on the Non-Drexel Scholarships page.


The Institutional Financial Aid Application is a requirement that online undergraduate and graduate students, Saturday Scholars, and Law Years 2 and 3 students are required to complete each year in order for their financial aid eligibility to be reviewed. Note that not all graduate programs require the completion of an Institutional Financial Aid Application; if your program does require this application, you will be notified by Drexel Central.

Please complete the application online in either Discover Drexel or DrexelOne depending upon whether you are a new or continuing student.

New and Prospective Student Application Process

Continuing Student Application Process


The process for receiving Federal Work-Study (FWS) and/or federal loan funding requires that students electronically accept or decline the award(s) offered to them.

To complete this process:

  • Log in to DrexelOne.

  • Select the "Billing + Financial Aid" tab.

  • Select the "View your current and past financial aid eligibility and awards" link in the "Financial Aid Status" channel.

  • Select the Aid Year

  • Select the "Accept Award Offer" tab in the top navigation.

  • Select "Awarded" in the second sentence

  • Follow the listed information on the page.

Options for Accepting/Declining your FWS and/or Federal Loan Award(s)

Before you accept or decline your award(s), you should ensure that you understand the requirements for the Federal Work-Study funding and/or federal loan award(s) offered to you.

Please note that you are only required to accept or decline Federal Work-Study and loan awards. All other awards are automatically accepted.

Options for Accepting/Declining Your FWS and/or Federal Loan Award(s):

  • Note that you can only accept or decline the amount for the full year even though the term amount is displayed.

  • Use the drop-down menu next to each FWS and/or loan award to either accept or decline.

  • Once you have selected the "Submit Your Decision" button at the bottom of the screen, you will not be able to change your decision.

  • You will remain on this page after you have submitted your decision.

Tips for Completing the FAFSA

Review Your Student Aid Report

Priority Deadlines

In order to be considered for most types of financial aid programs, domestic students must complete the FAFSA by the deadlines listed below:


2016–2017 Academic Year

2017–2018 Academic Year 

New Freshman Applicants

February 15, 2016 

February 15, 2017

New Transfer Applicants

Rolling, see priority deadline

Rolling, see priority deadline

New Graduate Applicants

March 1, 2016

March 1, 2017  


Important Changes to the 2017–2018 FAFSA 

Starting with the 2017–2018 FAFSA, the Department of Education has made changes to the process. In order to make completing the FAFSA easier for you and to ensure better accuracy of the information, the following changes have been made:

  • The FAFSA will be available to complete earlier; you and your family will be able to start your 2017–2018 FAFSA on October 1, 2016. 

  • The financial information that is on the FAFSA will be based on two tax years prior; for example, the 2017–2018 FAFSA will ask for information about the 2015 tax year.

View more information about this update. 

Priority Deadlines

In order to be considered for most types of financial aid programs, domestic students must complete the FAFSA by the deadlines listed below:

2016–2017 Academic Year

2017–2018 Academic Year 

March 1, 2016

March 1, 2017 


There are several different options students can choose to help pay their bill:

  • Parent PLUS Loan – Federal loan for parents of dependent undergraduate students.

  • Graduate PLUS Loan – Federal loan for graduate/professional students.

  • Payment Plan – Term-by-term payment plan.

  • Private Scholarships – Scholarships offered by businesses, religious, cultural, and other organizations.

  • Private Education Loans – Loans offered by financial institutions for college costs.

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