It takes a journey full of anxiety and unpredictability to land in such a prestigious program as the MPhil in Finance at the University of Cambridge. Hear about the timelines, communication, and decision-making of this period from the applicants for the class of 2024-25. There will be sharing of their experiences. It is precisely these proportions that this paper will seek to explore, providing expert insight and analysis to help set realistic expectations and strategies for prospective applicants.

When Are Reviews of Applications for the MPhil in Finance at Cambridge Done?

Most applicants would be caught between refreshing their inbox every few minutes, hoping to see a notification from the Cambridge Admissions Office regarding any developments in their application for the MPhil in Finance. As reported by the candidates, it is evident in the process that applications submitted as early as November and December remain under review for over 12 weeks, indicating a critically long review period that critically represents applications receiving such a level of review, reflecting a commitment to selecting candidates who meet, and preferably exceed, the rigorous criteria set by the University. If anything, this trend – one of the many sources of anxiety for the majority of applicants – can be described as a unifying factor. For all the sharing of fortune and despair reflected in the updates and speculation, and despite the generational divide between the candidates, there’s at least one thing they share: a wait. If, as has been the trend in recent years, most offers are made in February and March, but a select few schools would drag it out until May or even June. It suggests a rolling review process in which applications are considered very carefully and in relation to the moving pool of candidates. This is a vital role played by the departmental reviews and the committee meetings. At these meetings, the fate of applicants is in doubt. Faculty members will evaluate each applicant’s application to determine suitability for the program. So, while the applicant insight has served to uncover a vital meeting of the Economics Department’s Degree Committee, tentatively scheduled for late February, it is against this backdrop that the question arises regarding its impact on the MPhil in Finance decision timetable. These are the meetings of the necessary crossroads where, given the interdisciplinary nature of finance involving economics, mathematics, and business, decisions may be made, deferred, or further considered. The very international nature of the departments, and especially of the programs to be pursued within them, makes the review process quite complex, with a program such as the MPhil in Finance being administered by the Judge Business School but approved by the Departments of Economics and Mathematics. This cross-departmental oversight ensures a holistic assessment of applicants in line with Cambridge’s interdisciplinary approach to finance education. It does mean. However, that applicant may experience response variation depending on a particular department’s workflow and decision timelines.

How to Wait and Get in Touch with the Admissions Office

For any applicant going through this period, communication with the admissions office takes on a role as a source of hope amid frustration. They had, of course, been updating their deals whenever they were tempted by offers from competitors at other institutions, such as the London School of Economics (LSE). In keeping with the professional non-disclosure position, during the review process, they will sometimes release general timelines, alluding that the offers will be released mainly during the spring months. So, it’s not a passive time at all. It’s a test of patience. Practicing patience and reflection is a unique opportunity. It is recommended that the applicant use this time to consolidate their intention on the chosen path, go through many life scenarios, and prepare for any development of events. The issue is complicated for someone who has received an offer from another university because a person is forced to assess risks and calculate priorities. In such a case, notifying Cambridge of competing offers may help them respond more quickly. However, it is not a guarantee of a positive response. The MPhil in Finance is a testament to the prestige and depth of quality of Cambridge MPhil in Finance applicants. The stories shared, especially about anticipation, strategies for engaging with the admissions office, and eventual outcomes, are an invaluable guide for a future applicant. This perspective on the application journey points to the need for resilience, informed communication, and strategic patience in the expanse of ambiguity that characterizes graduate admissions.


How do you understand the status of your MPhil in Finance application at Cambridge?

Understanding the status of an application for an MPhil in Finance at the University of Cambridge for the 2024-25 intake, in particular, is understood to be “under departmental review” for very long periods, in many cases longer than 12 weeks from when the application was submitted. It is a sign that the application is still under review by the admissions team. Most updates, i.e., the status of an application, can be officially communicated or the result of departmental communication. The vast majority of applications are reviewed for several months. Between February and June, decisions are made.

When should you expect offers for an MPhil in Finance at Cambridge?

Based on past data, for the MPhil in Finance at Cambridge, a candidate can expect to receive an admission offer in February or March. However, even in May or June, many students receive such offers quite late. This timeline may change depending on how many applications the department receives and how long it would take to review each one. Candidates are encouraged to check their emails and the Application Portal periodically to see if the updated information appears.

What if You Receive an Offer from Another Institution but Still Need to Get One from Cambridge?

Suppose you receive an offer from another institution, such as the LSE, while your chosen college still considers your application for the MPhil in Finance at Cambridge. In that case, it is advisable to inform the Admissions Office. You can send an email explaining your predicament, stating that you have an offer pending from another school but that Cambridge remains your first choice, which may prompt a timely update on the status of your application. This should show your interest in the University of Cambridge. It should also demonstrate your willingness to be a sounding board when necessary.

Where Does the MPhil in Finance Program Fit Within Cambridge University’s Departments?

The MPhil in Finance is administered from within the University and is based in the Department of Economics, Mathematics and the Judge Business School. The interdisciplinary approach reflects the thoroughness with which the degree covers subjects such as finance, economics, quantification methods, and many others. Applicants need to be aware of this, as it will determine the impact of these structures on the review process and the resources available to students.

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