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The MSA program welcomes students with a bachelors’ degree in any academic discipline, subject to certain business background prerequisites specified under Admissions Requirements.

Admission to the MSA program is highly competitive. Decisions are based on the individual’s composite file, including previous academic accomplishments, test scores, demonstrated potential for graduate and professional success, and references. Work experience is not required for admission but may be beneficial to the student in the classroom.

Questions regarding admission should be directed to the MSA Program at 217.244.9201 or email

Admission Decison

Applicants are notified in writing and through e-mail as soon as the admission decision is made. Applicants who receive an offer of admission will be asked to return an acceptance form along with a non-refundable $1,250 deposit to reserve their space in the program. The deposit will be credited to the student’s account during the fall semester.

Admission Requirements

Candidates are required to have a business background and the equivalent of a U.S. bachelor’s degree from an accredited institution. They must have earned a minimum grade average of “B,” or the equivalent, in the last two years of undergraduate study. In addition, applicants must have completed two Principles of Accounting courses and one course in each of the following areas: finance, management, statistics, microeconomics, and macroeconomics.

All applicants, domestic or international, are required to take the Graduate Management Admissions Test (GMAT). This test should be taken early enough to ensure that the results will be available to the department before action must be taken on admission.

In addition, all international applicants must take the Internet-Based Test of English as a Foreign Language (TOEFL iBT) or the International English Language Testing System (IELTS) test. For information on the university English proficiency requirement go There are no exemptions from the TOEFL, iBT or IELTS exam.

Application Materials and Deadlines

The MSA program begins in June of each year. The program will begin to accept applications on November 1, 2014 for the Summer 2015 term. The application deadline is February 1, 2015. All required materials must be received at the MSA Program Office before an application will be reviewed.

The MSA application consists of several items.  Please review all of the admission application instructions carefully before you start the online application.

Application Checklist

Unless specified otherwise, please upload all application checklist items as part of the online application.

Online Application
Deadline for Application
Official Transcripts and Degree Certificates
Professional Resume
Personal Statement
Three Letters of Recommendation
GMAT Score Reports: Institution Code -VKR TK 32
TOEFL/IELTS Score Reports: Institution Code - 1836
Declaration & Certification of Finances (International Students Only)
MSA Coursework Form (upload as part of online application)
Supplemental Materials
Please visit the International Student & Scholar Services website for additional information and resources for international students.

Tuition and Fees

Program tuition and fees are set annually by the University Board of Trustees and are subject to change without notice. Rate changes are usually effective at the start of the fall term of each academic year. The 2014-2015 rates are listed below.

In addition, university fees are listed at

Accountancy Fees8001,6001,6004,000

Financial Assistance

The MSA program offers a limited number of tuition remission scholarships to qualified Illinois residents who add to the academic quality of the program and diversity of the student body.  These tuition remission scholarships are not limited to traditionally underrepresented populations.

Financial Assistance for International Students

Based on the way the MSA program was structured and approved by the University of Illinois Board of Trustees, MSA is unable to offer financial aid to international students. International students should be prepared to finance the entire period of proposed study from personal funds or from funds from other sources, as financial aid (in general) is extremely limited.