The application to the MBA and MS Finance programs for AY2023-24 is now open.
All classes in the VSB graduate programs are held in hybrid mode. This will continue indefinitely until the UP Administration allows on-site, face-to-face classroom work (at the BGC Campus for the MBA & MSFin programs). Because of the uncertainty brought by the COVID-19 crisis, all dates are tentative and subject to change conditional on future events.
All applicants are required to: Fill out the online form, take an entrance examination, and submit application documents. A Google account is needed to upload the required documents. Find the full application process below


Deadline for submission of all MBA/MSFin Application documents AY 2022-23 2 June 2023

Start of MBA/MSFin AY 2022-23 First Trimester 2 October 2023
Announcement of admitted MBA/MSFin Applicants for AY 2022-23 Intake August 2023

The Application Process

    1. Get the link to the online application form. You are required to accomplish and submit this form, otherwise your application will not be considered.

    2. In view of the current public health crisis, the Graduate Program Admission Test (GPAT) is NOT going to be administered in this application cycle. Instead, the applicant is required to take any one of the following examinations:

(a) the NMAT by GMAC

(b) the Graduate Records Examination (GRE)

(c) the Graduate Management Admission Test (GMAT)

More details about these examination providers can be found in 'The Admissions Tests' section below. Please visit their websites to learn about how to register and take the examination online.

    1. Submit the required documents/materials listed below.

    2. Initial screening is based on the NMAT by GMAC or GRE/GMAT scores and the submitted credentials.

    3. Applicants may be called for interview by the Admissions Committee.

Online Application Form

To start the online application process, send an email to with "Application Form Request" in the subject box. A link to the online application form will automatically be sent to you by email.

Note: (a) Avoid typographical errors in the subject box or the link will not be sent.

(b) Users of email filters like Boxbe have to make their own adjustments to receive the link.

Do the following upon receipt of the email:

  1. Click on the link and fill out the form.

  2. Click on the submit button after completing the form.

    • An acknowledgement page stating that your submission has been recorded should appear, and

    • A message is sent to your primary email address if your submission was received.

  3. Submit the required documents (see next section below). This may be done online or submit the same at VSB, room 105.

  4. Pay the application fee (go to Ms. Rosalinda David at VSB Room 105, or email for instructions).

Documents Required for Admission

The documents and materials required for admission are as follows:

From the Applicant

    1. Transcript of Records. (Photocopy or PDF if submitting online) Those who will qualify for admission to the program must also submit the original copy.

    2. Proof of Employment. Obtain a certificate indicating your duties and responsibilities. A minimum of 2 years' work experience is required.

    3. Curriculum Vitae with a 2x2 photograph.

    4. Statement of Purpose. The essay should be a 3 to 4-page double-spaced document written in English. It should be uploaded as a PDF or Word document.

Instructions to upload a copy of these documents will be sent to you once you have submitted the online application form.

From Two Referees

    1. Letter of recommendation (to be submitted by two referees chosen by the applicant). The referee may send the letter as an attachment to or uploaded online. A Google account is needed to be able to submit online.

    2. Completed online referee evaluation form.

To start the refereeing process, the referee must send an email to with "Recommendation Form Request" in the subject box. A link to the recommendation form and instructions on file uploading will be sent to the referee upon receipt of the email.

The Admission Tests & Test Fees

All applicants are required to take an entrance/admission test. They can choose to take any one of the following alternative tests: NMAT by GMAC, GRE or GMAT.


Applicants who wish to take the NMAT by GMAC should visit the website at and select the University of the Philippines Cesar E. A. Virata School of Business as a score receiving school. The cost of the NMAT is USD75.00. You can find the online examination information here.

Graduate Records Exam (GRE)

Applicants who wish to take the GRE should contact the Educational Testing Service (ETS), the company which administers the GRE, at 60376283333 or visit their website at and have their scores sent to the University of the Philippines Cesar E. A. Virata School of Business, (code 1607). For the GRE score report to reach us before the application deadline, applicants should take the GRE before February. The cost of the GRE is USD190.00. You can find the online examination information here.

Graduate Management Admission Test (GMAT)

Applicants who wish to take GMAT should register for the examination at and select the University of the Philippines Cesar E. A. Virata School of Business, (code DNQ-RM-65), as a score receiving school. The cost of the GMAT is USD250.00. You can find the online examination information here.

Application Fee

Applicants can pay the PHP150.00 application fee online or make a direct deposit to the UPD Cash Office's Landbank account.

The following links show alternative modes of paying the application fee:

  1. Pay online using LandBank’sLinkBiz

  2. Pay online via PESONET

  3. Direct Deposit to LandBank

Land Bank Account Number: 3072-1006-96

(UPD Revolving Fund)

Print/save the online application response email beforehand and use it to serve as the bill of payment. After the payment using any of the 3 modes, the applicant must email proof of deposit:



with "MBA/MS Finance/PhD Application Fee" in the subject box (without the quotes).

Information for International Applicants

An international applicant/student is a citizen of a country other than the Philippines. The MBA & MSFin Programs welcome applications for admission from international applicants. Applicants should take the GRE, or GMAT, or NMAT by GMAC, and TOEFL exams, in lieu of the GPAT.

Test of English as a Foreign Language (TOEFL)

International applicants except those with bachelor's degrees from the US, UK, New Zealand and Australian Universities must demonstrate fluency in English by taking the TOEFL (code B151), also administered by ETS.

Visa & Immigration Information

Financing and Aid

At present, financial aid from VSB is not available for international students. Hence, students from other countries must be able to show the financial viability of studying in the Philippines. A Certification of Finances must be submitted along with supporting documents detailing the sources of funds. The certification of finances form can be downloaded here. The estimated annual cost of graduate studies in the VSB is USD17,000.00. This includes board and lodging, tuition fees and books, health insurance, foreign student fees and air travel expense.

Housing in the Diliman campus

There are several lodging facilities within the Diliman campus that accommodate graduate students. For a list of these lodging facilities, click here. Admission into the MBA and MSFin program does not ensure availability of lodging facilities on campus.