Specific minimum requirements
Undergraduate academic achievement
At least a high UK 2:1 or equivalent, although a First Class degree is strongly preferred.
If you studied your undergraduate degree overseas, you can check whether you meet the University’s minimum requirement. Please note that the University’s minimum requirement equates to a standard 2:1, whereas we require a high 2:1 for admission to the MFin. Therefore, the grades required for the MFin are likely to be higher than the minimum 2:1 equivalent stated on the University’s website. For example, we would require applicants who have studied in the USA to have a minimum GPA of 3.6/4.0.
A minimum of two years’ graduate work experience in a core finance or finance-related role.
- English as your native language
- or IELTS – 7.5 with no element below 7.0
- or TOEFL – 110 with no element below 25
- or CAE minimum score of Grade A
- or CPE – Grade A, B or C, minimum score of 200 with no element below 185.
Maths & stats proficiency
A willingness to reach the necessary level of maths and statistics. Read specific guidance on the level of knowledge required
Skills & competencies
Ambition and a willingness to work hard, as there will be a lot to cover in the programme. Evidence of good interpersonal communication and teamworking skills, in addition to numeracy, problem-solving and reasoning skills.
- A supervisor reference
- A peer/team member reference
- An academic reference
If you have mitigating circumstances for not meeting the minimum eligibility requirements and would still like to apply, please contact the admissions office to discuss your case.
A strong academic background; at least a high UK 2:1 or equivalent, although a First Class Degree is strongly preferred; any degree subject is potentially eligible. We are actively looking for those without a finance background at degree level.
If you studied your undergraduate degree overseas, you can check whether you meet the University’s minimum requirement.
Please note that the University’s minimum requirement equates to a standard 2:1, whereas we require a high 2:1 for admission to the MFin. Therefore, the grades required for the MFin are likely to be higher than the minimum 2:1 equivalent stated on the University’s website. For example, we would require applicants who have studied in the USA to have a minimum GPA of 3.6/4.0.
At least two years of finance-related work experience; this could be in a bank or financial institution, but could also be in financial accounting or finance-related legal work, or in the financial arm of a non-financial company. Ideally, at least one year of this should be in a front office finance role or equivalent.
The MFin programme is taught entirely in English, and it is important that you can read, write, speak and understand English fluently. If you are a non-native English speaker you must provide us with evidence of your fluency in English.
We require you to provide test results that meet the requirements of one of the tests listed below. Your results must be from a test taken in the two years prior to starting the programme.
- TOEFL – 110, with no element below 25
- IELTS – average of 7.5, with no element below 7.0
- CAE minimum score of Grade A
- CPE minimum score of Grade A, B or C, minimum score of 200 with no element below 185
If you scored 7.0 on IELTS or between 100 and 109 on TOEFL, and you feel that you are a strong candidate, you are also welcome to apply. However, we reserve the right to ask you to either retake and improve your test scores, or attend an additional assessment conducted by the University, if we were to invite you for an interview.
We ask you to self-report your scores on the application form. If you are invited for an interview, we will ask you to bring the original English language test certificates with you.
The English proficiency requirement will be waived, at the discretion of the School, if you have completed degree level study in a majority English-speaking country within the past 30 months.
However, even if you have been granted a waiver, you may still need to sit an approved English language test as part of your visa requirements. If you are a non-EU student, the Home Office’s UK Visas & Immigration department requires you to provide proof of your English competency through one of these tests, unless you are a national of, or have studied at an undergraduate level or above in one of the following countries:
- Antigua and Barbuda
- The Bahamas
- New Zealand
- St Kitts and Nevis
- St Lucia
- St Vincent and the Grenadines
- Trinidad and Tobago
- United Kingdom
- United States of America
The University accepts both IELTS Academic and IELTS for UKVI Academic as evidence of English language for admission and for visa purposes. Home Office regulations allow the University, and other higher education institutions, to choose their own method of assessment for English language ability for those to be sponsored for a Tier 4 visa. The English language test does not need to be listed on the Home Office SELT (Secure English Language Tests) list as this only applies for students who want to study a course below degree level. The University can confirm in a CAS (Confirmation of Acceptance for Studies) that a student is proficient in English to the required level. Students are not required to provide any further evidence of English language ability in their visa application.
Maths & stats proficiency
The Master of Finance is open to graduates of any discipline, so long as they can show a willingness to reach the necessary level of maths and statistics. We have provided specific guidance on the level of knowledge required to complete the core courses taught on the programme.
For those with an advanced maths background and who wish to tailor their MFin degree towards a more quantitative direction we are able to offer some very demanding electives. Cambridge has several faculty members who are leaders in the areas of mathematical finance, advanced econometrics and computer modelling.
Skills & competencies
Ambition and a willingness to work hard as there will be a lot to cover in the course. Evidence of good interpersonal, communication and team-working skills, in addition to numeracy, problem-solving and reasoning skills. In addition, applicants must have the potential for a successful career in finance, and be willing to engage fully with the course; contributing to the student experience.
We require three references for the Master of Finance application:
- Professional reference from your line manager/supervisor
- Peer reference from a team member/colleague
- Academic reference
Automated reference requests will be sent to your referees once you have input their contact details into our online application system. Please note that you must provide your referees’ work email address in the contact information. We cannot accept references sent from personal email accounts. You will be able to track the receipt of your references online, once you have submitted your application.
The submission of a GMAT or GRE score is optional for anyone applying to the MFin. We assess the strength of an application based on all of the information the applicant provides us (including the application, transcripts and references). Therefore, in some cases a GMAT or GRE score can provide more information and potential strength to an application, particularly in cases where the academic score is border line for our requirements or if the scoring of academic qualifications is unfamiliar to us. However, we do not consider a GMAT or GRE score by itself as enough to accept or reject an MFin application and it cannot be presented as evidence of a strong academic record by itself. Please note we do reserve the right to request a GMAT or GRE score on the rare occasions where we feel it is necessary.
If you do wish to submit your GMAT score, please self-report your score on the application form.