Master of Arts in Financial Economics at University of Detroit Mercy

The University of Detroit Mercy offers a Master of Arts in Financial Economics that lasts for one year. The total tuition fee for this program is USD 52,530. To gain admission into this course, students need to show their proficiency in the English language. Accepted tests for English language proficiency include IELTS, TOEFL, and Duolingo. Additionally, to be eligible for admission, students must have a minimum graduation GPA of 3.0 on a 4.0 scale.

12th Grade

There is no specific cutoff mentioned for 12th grade.

Graduation

Applicants should have an undergraduate degree in economics or business administration, preferably with a GPA of 3.0 or higher.

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Step 1: Prepare Documents for Application

Statement of Purpose (SOP)

Submit a statement of purpose for the Master of Science in Intelligence Analysis.

Letter of Recommendation (LOR)

• One letter of recommendation is required for undergraduate programs.
• For the Master of Science in Product Development, submit a letter from your supervisor confirming your readiness for the program and support from your organization.
• For the Master of Science in Intelligence Analysis, submit three letters of recommendation.

Essays

Write a short essay (350 to 500 words) explaining how this program will help you in your current job and prepare you for future roles. The selection committee will consider this essay along with other documents for admission decisions for the Master of Science in Product Development.

Curriculum Vitae (CV)

Submit a resume for the Master of Science in Intelligence Analysis.

Step 2: Additional Documents Required

• High school transcript.
• Official academic transcripts from all previous studies (required for the Master of Science in Computer & Information Systems (STEM)).
• If you have international transcripts, they must be evaluated by a member of the National Association of Credential Evaluation Services (NACES). A course-by-course evaluation is needed.
• ACT or SAT scores (if applicable).
• Proof of English proficiency scores.
• CV or resume (optional).
• An official bank statement showing enough money to cover the first year of study, including tuition and living costs, or a Statement of Financial Support Form.
• Submit a copy of your passport.
• A writing sample of at least 250 words on a topic of your choice (for undergraduate courses).

Step 3: Start Your Online Application

Visit the University of Detroit Mercy website to start your online application.

Step 4: Application Fees for This Course

The application fee is USD 150 (approximately INR 12,640).

Payment method: Credit card.

Students can pay their fees in installments through Cashnet Payment by enrolling in the Interest-Free Monthly Payment Plan.

Payment options:

• Annually: 10 interest-free monthly payments from August 1 to May 1.
• Semester: Five interest-free monthly payments from August 1 to December 1 or January 1 to May 1.

Step 5: Application Deadlines

• Winter (January): November 15
• Summer (May): March 30
• Fall (August): July 1

*The dates mentioned are tentative based on previous years. For exact deadlines, please consult with expert counselors.

Calculated at the exchange rate of 1 USD = INR 84.27 | Tuition & expenses were last updated in December 2024"