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Dear Sir or Madam:

The MS in Finance admissions committee has carefully 
evaluated your application.  
I am sorry to advise you that the committee's decision 
was not to offer you admission to the MS in Finance Program 
for the Fall 2006 semester.  Please be assured that 
your application received thorough consideration.

The admissions committee has had difficult decisions to make.  
The committee certainly feels that you have attributes which would 
contribute much to our program and to your success as a manager.  
However, other applicants have presented stronger credentials 
and were, therefore, accepted.

If your GMAT or TOEFL scores were low, you may wish to 
retake the exams.  Weconsider the highest score of multiple reports.
 You may request, in writing, an update of your application 
if you have additional grades, newscore reports, 
or other pertinent information.

We do appreciate your interest in our program and are sorry to 
disappointyou.  
We hope that you will do well in your future endeavors.

Sincerely,

The Graduate Programs Staff
School of Management
University at Buffalo


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