What is the fee of registering for the TOEFL iBT Paper Edition?

Applicants who choose to take the TOEFL iBT Paper Edition must pay an amount of INR 16,900 for registering, which is the same for TOEFL iBT.

How many times is the TOEFL iBT Home Edition conducted in a month?

The TOEFL iBT Paper Edition is offered once or twice every month.

As the TOEFL iBT exam is conducted in two sessions, do I have to book two dates or one?

You need to schedule two appointments when you register: one at your neighbourhood testing facility and the other at your house.

In some places, why is the duration of the first session of TOEFL iBT Paper Edition written as three and half hours? What is the actual duration?

The test duration at a centre is three hours. An additional thirty minutes is allocated for test administration tasks, such as admitting examinees, allowing them to input identifying information, and managing test materials.

Are there any special requirements for the Speaking section of the TOEFL iBT Paper Edition?

As the Speaking section is conducted from home, please ensure that you have the required setup for both the equipment and environment before registering. You will get the details from the official website.

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TOEFL Score Accepted at Top 10 Universities for Master's in Finance in the USA

TOEFL iBT® Score for Top 10 Universities for Master's in Finance in the USA

Akanksha Tripathi

3 min read

Updated On January 18, 2025

"Learn about the TOEFL score requirements for top 10 US universities offering a Master’s in Finance and explore available scholarships for international students."

Key Highlights

TOEFL Score Accepted at Top 10 Universities for Master's in Finance in the USA
Admission Requirements for Master's in Finance in the USA
Scholarships for International Students to Study Master's in Finance in USA

A Master's in Finance is an excellent choice for those looking to advance their careers in the finance sector. The course equips students with advanced financial knowledge and skills necessary for roles in investment banking, corporate finance, and financial analysis. Since English proficiency is crucial for academic success in the USA, most universities require proof of English proficiency through tests like TOEFL iBT®. The minimum TOEFL score required for admission is typically 79, but top universities often have higher expectations.

Let’s explore the top 10 universities in the USA offering a Master's in Finance, along with their general admission requirements and available scholarships for international students.

Looking to boost your TOEFL score?
Sharpen your skills with our TOEFL Practice Tests , designed by experts!

TOEFL Score Accepted at Top 10 Universities for Master's in Finance in the USA

Here are the top 10 universities in the USA for a Master's in Finance according to the QS World University Rankings 2025, along with their TOEFL score requirements:

QS World University Rankings 2025	Universities in USA	TOEFL iBT® Score Requirement
1	Massachusetts Institute of Technology	90
11	University of Pennsylvania	100
12	University of California, Berkeley	90
21	University of Chicago	104
34	Columbia University	100
66	University of Texas at Austin	79
69	University of Illinois Urbana-Champaign	103
108	Boston University	95
114	Georgia Institute of Technology	90
125	University of Southern California	90

Check Out: TOEFL iBT® Score Requirements for USA Study Visa

Admission Requirements for Master's in Finance in the USA

Here are the general admission requirements for international students applying for a Master’s in Finance at top universities in the USA:

Admission Requirement	Details
Undergraduate Degree	A bachelor's degree or its equivalent in any field, though a background in finance, business, economics, or mathematics is often preferred.
Grade Point Average (GPA)	A minimum GPA of 3.0 on a 4.0 scale is usually required. Some universities may have higher requirements.
English Language Proficiency	A TOEFL iBT® score of 79 or higher is typically required.
Standardised Tests	GRE or GMAT scores may be required, but some programs may waive this requirement based on professional experience or strong academic performance.
Letters of Recommendation	Typically 2 or 3 letters from academic professors or professional supervisors who can speak to your qualifications and abilities.
Statement of Purpose	A personal essay outlining your motivation for pursuing the Master’s in Finance, your career goals, and why you are interested in a specific program.
Resume/Curriculum Vitae (CV)	A detailed resume highlighting academic qualifications, work experience, internships, and relevant skills.
Application Fee	An application fee, which varies by university, is required when submitting your application.
Interview	Some universities may require an interview, either in-person or online, as part of the selection process.
Visa Requirements	International students must apply for an F-1 student visa to study in the USA, along with submitting the required financial proof and documentation.

Check Out: List of USA Colleges Accepting 100-110 TOEFL iBT® Scores

Scholarships for International Students to Study Master's in Finance in USA

Here are some scholarships available for international students pursuing a Master’s in Finance at top TOEFL-accepting universities in the USA for 2025:

Scholarship Name	University	Coverage	Eligibility Criteria	Amount (USD)
International Merit Scholarship	University of Southern California (USC)	Tuition fee coverage	For international students, high academic performance, TOEFL score of 79 or higher, and financial need may be considered.	Varies (up to 50%)
Master of Finance Fellowship	Massachusetts Institute of Technology (MIT)	Full tuition coverage and additional support for living expenses	Open to exceptional international students with high academic qualifications. TOEFL score of 90 or higher preferred.	Full Tuition
Graduate Fellowship	University of California, Berkeley	Full or partial tuition coverage, research funding	International students with academic excellence and leadership potential. TOEFL score of 90 or higher required.	Varies (up to full tuition)
FinTech Scholarship	Columbia University	Covers a portion of tuition fees	For international students pursuing a career in FinTech, with strong academic credentials and a TOEFL score of 100 or higher.	Varies
Global Excellence Award	University of Chicago	Full tuition coverage	Open to international students with a strong academic record. TOEFL score of 104 or higher is required.	Full Tuition
Dean’s International Scholarship	Boston University	Full or partial tuition coverage	For students from outside the USA, based on academic achievement and financial need. TOEFL score of 95 or higher recommended.	Varies
Graduate School of Business Scholarships	University of Pennsylvania	Partial to full tuition coverage	For international students with strong academic qualifications and leadership potential. TOEFL score of 100 or higher required.	Varies (up to full tuition)

I hope this blog was helpful in guiding you through the TOEFL requirements and admission details for top Master’s in Finance programs in the USA. Best of luck with your application process!

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