M.S. Admissions and Application

Please note - February 1st is round one for admissions. The second round of admissions has been extended through March 30th.
For admission to the M.S. program in applied economics and finance, students typically have a bachelor's degree in economics.  If applicants have a degree in another discipline, with rare exceptions, applicants must have completed courses in intermediate microeconomics, intermediate macroeconomics, and economic statistics. Applicants must also have adequate preparation in mathematics, including at least two quarters of calculus.  Basic computer programming skills and one course in linear algebra are also strongly preferred.
Questions? Check our FAQs

General Application Requirements

You need the GRE or GMAT, unofficial transcripts, 3 letters of recommendation and TOEFL if you are international.

Applications are available beginning October 1.
The deadline to apply for the M.S. program is February 1 for acceptance the following fall quarter. We offer a second round of admissions, deadline is March 30.

As our classes are sequential, we admit only in the fall quarter.

All applications to the graduate programs must be submitted online.

For instructions on how to apply, visit the Division of Graduate Studies. Please visit to learn more about graduate student fees, fellowship opportunities, and graduate education at U.C. Santa Cruz.

Looking for a Ph.D.?

Click here for admissions info to our Ph.D. in Economics program.

A complete application consists of:

    1.    Submitted online application
    2.    $105.00 application fee ($125 for International applicants) (pay through the on-line application) 2018-19 AY
    3.    Unofficial transcripts from each college-level institution attended (official transcripts will be required upon accepting)
    4.    Three letters of recommendation (submitted online)
    5.    Required General GRE or GMAT test scores (including TOEFL or IELTS for international applicants)

Tips for Applying

*Keep a consistent email.
*Have ALL materials in before the deadline.
*Do not wait until the last minute.

You may upload a copy of your unofficial transcripts to your online application. This can either be a scanned version of your official transcript, or, if available, a downloaded PDF from your institution's online portal. See the Document Scanning Guidelines for information about scanning and uploading your unofficial transcripts to the admissions application. Once admitted, one official transcript from the Registrar of each institution listed (including university correspondence or extension divisions), or a statement of good standing, if work was not completed, is required. (Request that your transcripts be sent to you.) Each transcript should be in an envelope sealed and signed by the Registrar. To expedite the processing of your application, send your transcripts (leaving each sealed envelope intact) and other required hard-copy materials together in the same envelope to:

U.C. Santa Cruz
Graduate Application Processing

1156 High Street

Santa Cruz, CA 95064

If you attended UC Santa Cruz as an undergraduate, you must also request and pay to have an official transcript sent to Graduate Application Processing from the Registrar's Office. Transcripts submitted to UC Santa Cruz will not be returned to the applicant, nor will copies be forwarded to any other persons or agency. To qualify for graduate study at UC Santa Cruz, you must present official evidence that you have received a bachelor's degree from an accredited institution of higher education. (However, verification of UC Santa Cruz bachelor's degrees can usually be accomplished electronically.)

Application fee waivers are available on the online application for Graduate Opportunity Program applicants and for hardship cases. The university does not waive the application fee ($125.00) for international applicants.

For the M.S. applied economics and finance program, the university accepts both the GRE and the GMAT.

The GRE school code for U.C. Santa Cruz is 4860. We are accepting computer based GRE scores; however, in weighing these scores when we review applications, we will take into account the controversy surrounding the computer based test scores coming from selected countries. The minimum GPA requirement for UC graduate admissions is 3.0. International applicants need not convert their international GPA to the U.S. GPA scale.

Applicants from countries where English is not the primary language must submit Test of English as a Foreign Language (TOEFL) scores. A minimum score of 550 (paper-based), 220 (computer-based), or 83 (iBT) is required for admission. If your TOEFL score is older than two years, you will need to re-take the exam. We will consider TOEFL waiver requests for those applicants who have completed a degree from an English-speaking university. The TSE is not required for admissions. For those choosing to take the IELTS, a minimum overall score of 7 from the IELTS test is required for admission.

Any students who wish to be considered for Teaching Assistant opportunities and do not have English as their first language must score a 26 or higher on the Spoken Word portion of the TOEFL iBT; an overall score of 8 from the IELTS test is required for all new international students who may serve as a Teaching Assistant at any time during their graduate career.

Departmental financial support is based on merit. The university does not offer need-based financial aid to international applicants. The evaluation process depends on a review of your completed application, the strength of the overall applicant pool, and our target enrollment number. Some amount of funding may be available to M.S. applicants. We let you know if you have been given financial support at the same time we notify you of an admissions decision.

The review of applications is generally completed by March 1. Most offers of admission are prepared and mailed by March 15. Denial letters are sent thereafter. By a general agreement to which UC Santa Cruz and most graduate schools in the United States are signatories, admitted applicants have until April 15 to reply with their acceptance of fellowship offers.

For further information, please contact:

Graduate Programs Coordinator

University of California, Santa Cruz

Department of Economics

1156 High Street

Santa Cruz, CA 95064

Phone: (831) 459-2219

Fax: (831) 459-5077

Email: econ_grad_coor@ucsc.edu