If your native language is not English and you have not studied in the US for at least 2 years, you must submit test results from either the Test of English as a Foreign Language (TOEFL), the International English Language Testing System (IELTS), the Duolingo Exam, or the Pearson Test of English Academic (PTE Academic). We think that applicants with less than 2 years of studying in the US would benefit from additional Business English instruction. By taking the Summer Intensive Business English (SIBE) program, successful students should perform better in their finance classes as well as on the CFA exams. Therefore, international applicants who have not studied at least 2 years in the US or other English speaking countries (Canada, England, etc...) need to submit a TOEFL, IELTS, Duolingo, or PTE and will be required to enroll in SIBE. Candidates having passed level 1 of the CFA exams are exempt from taking SIBE.
- Rutgers Business School TOEFL code: B355. The MFinA program requires a minimum TOEFL score of 90.
- Please contact IELTS and have your scores sent to the Office of Graduate Admissions. The MFinA program requires a score of a 6.5 on the IELTS.
- Rutgers Business School requires a minimum score of 68 on PTE Academic
- Duolingo Exam: Please contact Duolingo and have the score sent to our email address (admit@business.rutgers.edu). The MFinA program requires a minimum score of 110 on the Duolingo.