Master of Financial Analysis International Applicants

In addition to the items listed in the MFinA Application Checklist, international applicants should be aware of these special instructions. Due to the additional documentation required, please start the admissions process as soon as possible.


Master of Financial Analysis applicants do not need to have their transcripts evaluated unless advised by the Rutgers Business School Admissions Committee. All post-secondary transcripts, marksheets, examination results, diplomas, and degrees should be uploaded via the online application. Applicants must provide the original copies after acceptance into the program. If not issued in English, a translation must be provided from a professional translation agency.

Selected three-year Indian bachelor’s degrees may be considered equivalent to a U.S. bachelor degree without an evaluation as long as they have been earned in Division I/First Class and the awarding institution is currently accredited by India’s National Assessment and Accreditation Council (NAAC) with a letter grade of “A” or better. Using the above standards will allow you to know if you are eligible to apply to the graduate programs at Rutgers Business School.

English Language Tests

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 ( The MFinA program requires a minimum score of 110 on the Duolingo.

To accept the offer of admission to the program

  1. Submit the non-refundable tuition deposit via the application portal.
  2. Submit the non-refundable program fee via the application portal.
  3. If you intend to hold a F-1 or J-1 visa to study, you will need to provide the following for your I-20 or DS 2019:
    • Fill out and upload the Financial Affidavit of Support to the application portal.
    • Upload all financial documents such as bank statement to the application portal. These documents cannot be dated more than 9 months from the start of the program.
    • Upload a copy of your passport.
  • If you are studying here in the US and will be transferring in your I-20 or DS-2019 to Rutgers University, you will also need to submit the above three items along with the following:

Review Application Checklist