The Graduate School at Penn State

Penn State Graduate School Penn State Penn State Graduate School

Finance (FINAN)
Great Valley
School of Graduate Professional Studies

This program offers an integrated undergraduate-graduate (IUG) option that combines a bachelor's degree with a master's degree as a continuous program of study. The master's degree tables below present aggregate data encompassing both IUG and non-IUG students.

Finance – Admissions Data

MFIN 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
Applications 176 111 105 84 79 50 53 53 56 35
Offers (% selectivity) 47 (27%) 48 (43%) 33 (31%) 31 (37%) 37 (47%) 20 (40%) 17 (32%) 24 (45%) 27 (48%) 16 (46%)
Accepts (% yield) 27 (57%) 26 (54%) 21 (64%) 21 (68%) 18 (49%) 8 (40%) 9 (53%) 10 (42%) 3 (11%) 6 (38%)


Finance – Average GRE Scores for New Enrollees*

MFIN 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
Analytical (P) - - - - - - - - - TBD -
Verbal (P) 149.80 (45%)
n=5
c 148.40 (40%)
n=5
c 150.40 (49%)
n=5
c c - - TBD -
Quantitative (P) 163.00 (82%)
n=5
c 158.20 (66%)
n=5
c 160.60 (74%)
n=5
c c - - TBD -
Analyt Writing (P) 3.30 (28%)
n=5
c 3.30 (30%)
n=5
c 3.30 (33%)
n=5
c c - - TBD -

*GRE tests taken on or after August 1st, 2011 are scored according the following scale:
    Verbal Reasoning: 130 - 170, 1 point increments
    Quantitative Reasoning: 130 - 170, 1 point increments
    Analytical Writing: 0 - 6, half point increments
  For tests taken prior to August 1st, 2011, scores were converted to the new scale accordingly.
P = Percentile Ranking
c = data not displayed because n is too small to protect confidentiality of the student data
"-" indicates n=0


Finance – Average GMAT Scores for New Enrollees

MFIN 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
Total (P) * 633.88 (72%)
n=18
578.00 (54%)
n=10
603.00 (60%)
n=10
575.56 (49%)
n=9
c c c c - TBD -
Verbal (P) * 29.05 (54%)
n=18
27.80 (50%)
n=10
26.00 (44%)
n=10
25.22 (42%)
n=9
c c c c - TBD -
Quantitative (P) * 47.22 (80%)
n=18
41.30 (58%)
n=10
46.00 (70%)
n=10
44.11 (58%)
n=9
c c c c - TBD -
Analyt Writing (P) * 4.26 (36%)
n=17
3.65 (28%)
n=10
4.44 (40%)
n=9
4.39 (36%)
n=9
c c c c - TBD -

*P = Percentile Ranking
c = data not displayed because n is too small to protect confidentiality of the student data
"-" indicates n=0


Finance – Jr/Sr GPA for New Enrollees

MFIN 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
GPA 3.47
n=19
3.22
n=14
3.46
n=17
3.28
n=17
3.30
n=14
3.35
n=7
3.49
n=6
3.36
n=10
c TBD -

c = data not displayed because n is too small to protect confidentiality of the student data
"-" indicates n=0


Finance – Demographics for New Enrollees

MFIN 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
Total New Enrl 25 14 17 17 14 7 6 10 3 TBD
Domestic 6 (24%) 4 (29%) 5 (29%) 7 (41%) 5 (36%) 3 (43%) 2 (33%) 3 (30%) c TBD
  Total URM * - - - 1 (6%) - - - - c TBD
    Black/Afr. Amer. - - - - - - - - c TBD
    Am. Ind./AK Native - - - - - - - - c TBD
    Hawaiian/Pac. Is. - - - - - - - - c TBD
    Hispanic/Latino - - -   1 (6%) - - - - c TBD
  Asian - 2 (14%) 1 (6%) 2 (12%) 1 (7%) 1 (14%) 1 (17%) - c TBD
  White 6 (24%) 2 (14%) 3 (18%) 4 (24%) 4 (29%) 2 (29%) 1 (17%) 3 (30%) c TBD
  Two or More - - - - - - - - c TBD
  Unknown - - 1 (6%) - - - - - c TBD
International 19 (76%) 10 (71%) 12 (71%) 10 (59%) 9 (64%) 4 (57%) 4 (67%) 7 (70%) c TBD

*URM: Underrepresented Minorities
Two or More: Applicant selected more than one race/ethnicity.
Unknown: Applicant chose not to disclose race/ethnicity information.
c = data not displayed because n is too small to protect confidentiality of the student data
"-" indicates n=0

MFIN 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
Female 12 (48%) 7 (50%) 6 (35%) 9 (53%) 6 (43%) 1 (14%) 2 (33%) 1 (10%) c 3 (33%)
Male 13 (52%) 7 (50%) 11 (65%) 8 (47%) 8 (57%) 6 (86%) 4 (67%) 9 (90%) c 6 (67%)
Nonbinary or other legal identity - - - - - - - - c -
Total 25 14 17 17 14 7 6 10 3 9

c = data not displayed because n is too small to protect confidentiality of the student data
"-" indicates n=0


Finance – Total Enrollments by Demographic

MFIN 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
Total Enrl 72 51 43 42 38 29 23 24 17 9
Domestic 29 (40%) 25 (49%) 18 (42%) 20 (48%) 20 (53%) 17 (59%) 14 (61%) 12 (50%) 11 (65%) 8 (89%)
  Total URM * - 1 (2%) 1 (2%) 3 (7%) 2 (5%) - - - 2 (12%) 3 (33%)
    Black/Afr. Amer. - - - - - - - -   1 (6%)   1 (11%)
    Am. Ind./AK Native -   1 (2%)   1 (2%)   1 (2%) - - - - - -
    Hawaiian/Pac. Is. - - - - - - - - - -
    Hispanic/Latino - - -   2 (5%)   2 (5%) - - -   1 (6%)   2 (22%)
  Asian 1 (1%) 5 (10%) 3 (7%) 3 (7%) 5 (13%) 7 (24%) 4 (17%) 2 (8%) 2 (12%) -
  White 25 (35%) 19 (37%) 13 (30%) 13 (31%) 12 (32%) 9 (31%) 9 (39%) 9 (38%) 6 (35%) 4 (44%)
  Two or More - - - - - - - - - -
  Unknown 3 (4%) - 1 (2%) 1 (2%) 1 (3%) 1 (3%) 1 (4%) 1 (4%) 1 (6%) 1 (11%)
International 43 (60%) 26 (51%) 25 (58%) 22 (52%) 18 (47%) 12 (41%) 9 (39%) 12 (50%) 6 (35%) 1 (11%)

*URM: Underrepresented Minorities
Two or More: Applicant selected more than one race/ethnicity.
Unknown: Applicant chose not to disclose race/ethnicity information.
"-" indicates n=0

MFIN 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
Female 23 (32%) 20 (39%) 19 (44%) 16 (38%) 15 (39%) 12 (41%) 12 (52%) 7 (29%) 4 (24%) 3 (33%)
Male 49 (68%) 31 (61%) 24 (56%) 26 (62%) 23 (61%) 17 (59%) 11 (48%) 17 (71%) 13 (76%) 6 (67%)
Nonbinary or other legal identity - - - - - - - - - -
Total 72 51 43 42 38 29 23 24 17 9

"-" indicates n=0


Finance – Total Degrees Conferred by Degree

Total 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
MFIN 35 21 19 15 14 13 7 8 8 8 -

"-" indicates n=0

Please note that 2024/25 Median Time To Degree values are being recalculated and should be published here soon.

Finance – Median Time to Degree (years)

MFIN 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24
In Major/Degree * 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
First Enrollment 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
Number (n) n=35 n=21 n=19 n=15 n=14 n=13 n=7 n=8 n=8

*In Major/Degree: The median time to degree in graduating major and degree at Penn State.
First Enrollment: The median time to degree based on the first enrollment as a graduate student at Penn State.


Finance – Degree Completion, GV Campus

MFIN #Started 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years Total Completed % Completed
2015/16 Cohort 34 20 4 2 1 - - - - - 27 79%
2016/17 Cohort 19 13 1 2 - - - - - 16 84%
2017/18 Cohort 18 12 - 2 - - - - 14 78%
2018/19 Cohort 19 9 2 1 - - - 12 63%
2019/20 Cohort 16 10 2 1 - - 13 81%
2020/21 Cohort 10 4 2 1 - 7 70%
2021/22 Cohort 10 5 - - 5 50%
2022/23 Cohort 13 7 - 7 54%
2023/24 Cohort 3 - - -
2024/25 Cohort -

"-" indicates n=0

Logic for Program Review Metrics

(Last updated 10/16/2025)