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Indiana University Bloomington

Department of Finance

Doctoral Program

How to Apply

Most students enter our doctoral program after obtaining a masterís degree, though some highly qualified students with clear objectives may be admitted directly after completing a bachelorís degree.

To apply, you need to submit:

  • Online application
  • Letters of recommendation
  • Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) scores
  • Transcripts
  • Application fee

TOEFL: All non-native English speakers must submit a TOEFL (Test of English as a Foreign Language) score. There are no exceptions to this requirement, even if you have earned a degree in the U.S. or otherwise lived in the U.S. for many years. The university requires the following scores: 
 *  80 or better for a Internet-Based Test (IBT), 
 *  267 or better for a Computer-Based Test (CBT), or 
 *  630 or better for a Paper-Based Test (PBT).

Application Deadlines

The application deadline for domestic and international students is December 1. Applications from students received by December 1 will be processed first, but we will continue to accept applications until January 1.

Our Evaluation Process

Last year, our first round of evaluation required applicants to have: 
 *  a GMAT/GRE quantitative percentile equal to 85 or above, 
 *  a GMAT/GRE verbal percentile equal to 70 or above, or 
 *  a TOEFL score greater than or equal to the cutoffs mentioned above for a non-native English speaker.

In the second round, all remaining applications were read by two faculty members and were ranked based on all factors (GMAT/GRE, GPA, essay, letters of recommendation, vita, work experience, academic research exposure, etc.). 

In the third round, the top ten highest ranked candidates were phone-interviewed. Then we made offers.

More Information