MFin programs in 2025 that don’t require GMAT/GRE

Introduction

The finance industry is constantly evolving, and a Master's in Finance can equip you with the latest knowledge and skills sought by employers. Many Masters in Finance programs abroad offer specializations like Fintech, Quantitative Finance, or Investment Management, making you a strong candidate in a specific niche.

The student in an MFin program typically studies financial markets, corporate finance, investment analysis, and valuation, among other things. If you are looking to do an MFin this 2025 but worried about the GMAT, this guidebook to MFin programs without GMAT is for you!

IS MFin worth the investment in 2025?

Due to this rapid change in the topography of the financial sector, firms and businesses need people proficient with both finance knowledge and the latest technology. Graduates with an MFin in 2025 are expected to see a significant increase in earning potential compared to a bachelor's degree in finance. So yes, you can consider doing an MFin in 2025.

A Master's in Finance can prepare you for a career in finance and can accelerate your career growth if you already have a background in finance. Graduates of Master in Finance programs often go on to work in a variety of fields, including investment banking, commercial banking, wealth management, and financial consulting.

Academic Requirements to do a Masters in Finance(MFin)in 2025

With the massive change in the financial markets of growing e-commerce and the growth of financial models, firms are recruiting people efficiently in this domain. Now, we know how expensive pursuing a Master's in Finance can be. Even the time investment should reap some good results. We at EdYOU Abroad understand this concern. 

Requirements to pursue a Master's in Finance this 2025 you would require the following documents:

• Undergraduate degree in any discipline. Some universities prefer a degree in quantitative subjects but not mandatory.
• Transcripts or a record of the grades of your latest education.
• A well-crafted Statement of Purpose and/or essays to highlight your ambitions and motivations. You can also use this to justify your grades or work experience.
• A structured Resume or Curriculum Vitae.
• Standardized tests like GRE/GMAT. In some cases, you are eligible for a GMAT waiver and we have discussed these below. We have curated this comprehensive list of Universities you can join this 2024 without worrying about your GMAT/GRE exams.
• English Proficiency test scores for candidates from non-English speaking countries. Generally, an IELTS of 6.5-7 and a TOEFL of 110+ is accepted.
• Working Experience may be a criterion for certain universities.

Typically a Master's in Finance doesn't require much work experience but professionals from quantitative or finance sectors are welcomed. You can also pursue this degree if you wish to transition or get promoted to higher roles.

GMAT Requirement for MFin Programs

Admits for a Masters in Finance are generally dependent on your test scores in standardized exams like GMAT or GRE. Typically a GMAT exam highlights your verbal, quantitative, and analytical aptitude. It highlights the candidate's logical and reasoning capabilities and competence to pursue the course. 

Depending on your profile, some universities provide GMAT exemption or make it optional, but they are not the only parameters. Some universities ask for the scores at a later stage if your application is unable to prove your quantitative aptitude. Some universities, however, allow other test scores for acceptance.

MFIN programs in 2025 that don’t require GMAT/GRE

Currently, many universities offer Master's in Finance with unique specializations to train you with the skills required to stand out and bag great job offers. And honestly, this search is overwhelming. From my experience studying at one of the best B Schools in the world, I can exactly put myself in your shoes and I hope this list created by EdYOU Abroad will help you analyze parameters outside rankings and choose the university just for you!

Below we have a comprehensive list of Universities where you could do MFin without worrying about the GMAT/GRE  this 2025.

London Business School

LBS or London Business School is one of the most popular Business schools offering Master in Finance.

• According to their official website-” All applications submitted without a GMAT/GRE score will be automatically considered for a waiver.” The acceptance of a waiver depends on the previous university studies especially grades in quantitative subjects a small number are accepted.
• The main campus in London, UK offers a plethora of networking opportunities and future jobs in finance.
• The MIF course offered at LBS is very practical and applied-oriented and aimed at finance practitioners.
• This program comes with Full-term international exchange and professional and technical skills and workshops.
• The duration for the LBS MFin is 10-16 months
• The tuition fee for international students pursuing an MFin is £62,500 (for 2024)

Skema Business School

Skema offers a Master of Science in Financial Markets and Investments which is ranked as one of the top universities per the QS ranking 2024.

• GMAT exemption requirement:” GMAT/GRE is not mandatory, however, a good score strengthens the application.”
• Located in Raleigh (USA)  and also has campuses in different places.
• Duration is 1 year for MSc FMI.
• Cost around €42,000.
• Offers unique specializations in Trading, Structuring & Portfolio Management, Asset management, and financial analysis. 

Imperial Business School

 Offers an MSc in Finance and one of the leading Universities of teh world.

• GMAT exemption requirement:“GMAT is not required for MSc Finance but a well-balanced GMAT Exam result with a score of 650+, or GMAT Focus Edition result of 75% or higher will add weight to your application.”
• Located in London and opens up amazing opportunities.
• Duration-1 year
• Tuition is approximately 45,400 GBP.

The University of Cambridge

 Ranks 2nd globally by Financial Times. The Judge Business School offers an MFin which is one of the best courses to pursue this 2024.

• GMAT exemption requirement: "The submission of a GMAT or GRE score is optional for anyone applying to the MFin.”
• Located in Cambridgeshire provides opportunities for jobs and internships.
• Costs approximately 57,000 GBP annually.
• Duration is 12 months.
• An average of 4 years of finance experience.
• It has a network of 12,000+ alumni leading to greater job prospects.
• Specializes in FinTech, AI, Behavioral Finance, ML for Finance practitioners and many more.

University of Texas

  University of Texas at Austin’s McCombs School of Business is consistently ranking amongst one of the finest MFin programs in the USA and among the top universities in the Globe. It offers STEM-eligible Masters in Finance.

• GRE/GMAT scores are optional
• Its location is favorable for jobs and various other opportunities.
• The MFin program has a duration of 10 months.
• Requires a work experience of 10 months.
• Average GPA- 3.0/4
• A small class of students get accepted and are trained with hands-on experience.
• MSc in Finance costs an overall of $58,720 with an application fee of $90
• Lets you choose from unique specializations like energy, corporate finance and asset management.

University of Buffalo(SUNY)

 SUNY offers an exclusive STEM-eligible MS in Finance for graduates and professionals interested in pursuing a career in finance.

• You have the option to submit GMAT or GRE scores in support of your application but are not required to do so.
• Located in the hustling Buffalo, New York opens a gateway of high-paying jobs and networking opportunities.
• It offers specializations in Finance management and quantitative finance as tracks to choose from.
• The duration of the MS Fin is 18-24 months.
• It also includes a four-week stint at the Summer Finance Institute.
• Tuition is approximately $43,981.58.

Warwick Business School

  Warwick Business School is ranked as one of the leading UK Business Schools at the forefront of innovation.

• GMAT exemption requirement: ”We do not require a GMAT or GRE score but a well-balanced score (700+) may strengthen your application. On the GMAT Focus Edition, this equates to a score of 645 or in the 86th percentile.”
• Duration for MFin is 12 months
• Fees approximate;y 41,750 GBP. with application fees of 75 GBP
• Requires work experience of 2 years in finance-related roles.
• Has unique specializations in Corporate finance, strategy analysis, etc.

WU Vienna

 Standing strong in the T50 Universities by QS WUR 2024, WU Wein is a wonderful option if you’re considering a Master's in Finance in 2024. 

• GMAT exemption requirement:” No, but we strongly recommend handing in GMAT and/or GRE test results. In particular, we are interested in the quantitative score. “
• The duration for Masters in Quantitative Finance is 2 years
• Extremely affordable Fees - approximately  € 726.72 per semester
• Work Experience is not mandatory but appreciated.
• Has unique specializations in Advanced Topics in Computing, Data and Text Mining, Machine Learning in Finance, Financial Time Series Analysis, and Bayesian Econometrics to train you for the present economy and market.

Manchester Alliance

 Ranked 26 in the QS in Business Masters Ranking 2024.

• A GMAT/GRE is not required to apply for this course but in some cases, The Admissions Team may request this after the initial review of your application if your degree does not contain enough relevant quantitative modules.
• Located in Manchester, the lively city provides a plethora of opportunities.
• Costs around 33,500 GBP.
• The duration of MFin is 1 year.
• Fresh graduates get placed in top-notch countries.

However, some universities are offering in-house aptitude tests or alternatives. Some of these exams are free of cost. Did you know, that some universities offer you exemptions based on CFA? 

ESCP

Ranks top the list for MFin according to Financial Times.

• GMAT exemption requirement: “For those who are unable to do GMAT/GRE, ESCP also offers a timed, in-house aptitude exam where they test your verbal and numeric skills. This exam is free, and it is offered to all students who wish to attend ESCP”
• The duration of the Masters in Finance at ESCP Business school is 15 months (full time)
• The annual cost of studying for a master's in finance is €29,100.
• Trains in unique specializations in Corporate, Investment Banking and Financial Markets.
• Comprehensive course structure with 99% placement according to their employment reports.

Conclusion

Are you ready to launch your lucrative finance career this 2024? A Masters in finance trains you with the in-demand skills and unlocks your door to a flourishing career. This guide will give you an in-depth understanding of the best MFin programs across the globe and if MFin is worth it in 2025. We hope this list helps you find your dream school and start your Master's in Finance this 2024. Interested in pursuing your master's in finance this 2025 but confused about where to start? 

Let’s admit, getting into these top universities is not easy. We are experts at affordable education abroad at top universities and we can help you write your story! 

Click here to get on a call with our founder and get your journey started today.