Applying 101

Before we can consider you for admission, a complete application is needed.

Your application will be considered complete when we've received all the below—click each for details:


English requirements & waivers

A TOEFL or IELTS score is required of all international applicants whose first language is not English.

Minimum TOEFL scores are 100 iBT, 600 CBT, and 7.0 IELTS with no sub-score below 6.0.

Even if English is your second language, you can be waived from the TOEFL/IELTS if you completed a bachelor's or higher from an accredited university in the United States, United Kingdom, Ireland, Canada (excluding French Quebec), Africa (English speaking), Australia, or New Zealand.

TOEFL and IELTS scores are good for two years; your application must be submitted before the score expires. If you are admitted, an official TOEFL/IELTS report will be required. Send TOEFL & IELTS scores to the University of Iowa, institutional code 6681.

An on-campus English Proficiency Evaluation (EPE) will be required if you submit an IELTS score, or if you are admitted with a TOEFL score below 100.

The online application

Start at You'll need to create an account even if you've applied to the University of Iowa before. Our application system operates separately from the university's.

When selecting the program type, choose "Specialty Master's." In the next question, select "Master of Finance." If you have an email address, please use it when creating your account. This will make it easier for us to locate your academic records.

There is no application fee for Fall 2020 for applications submitted after March 31, 2020. The Fall 2021 application fee is $60 for domestic candidates and U.S. permanent residents, and $100 for international applicants.


You’ll be asked to upload your resume when you apply. It’s required in order to submit your application.

A complete resume includes information about your employment (if applicable), education, extracurricular activities, and community involvement. Be sure it’s complete without unexplained gaps in the chronological history. Above all, it should be accurate. Your resume should be no more than two single-sided pages. We prefer chronological format resumes; functional or skills-based resumes are not recommended.

Statement of purpose

In 500 words or less, tell us why you want to earn a Master of Finance degree at Tippie. The prompt is: "Discuss your overall professional goals and how a degree from the Tippie College of Business will allow you to achieve those goals." You can copy/paste or upload a PDF or Word document in the online application.

Academic transcripts

Unofficial transcripts are good enough for us to make an admissions decision. If you don’t have a copy or can’t get one, ask your institution to send official transcripts to us. If you're admitted, we'll need your official transcripts sent before your admission can be finalized.

Sending your documents

Official documents, like transcripts and test scores, should be mailed to:

Office of Admissions
The University of Iowa
108 Calvin Hall
Iowa City, IA 52242-1396 USA


We require two recommenders to complete an online applicant evaluation. Choose people who can assess your potential for success in academics and a finance career. Ideally, your recommenders will know you from a former or current job or be former/current instructors of yours.

In the application, you’ll be asked for contact information/emails for your recommenders, who will get an email with instructions to fill out a quick online evaluation about you, the applicant.

Following up with recommenders is your responsibility. Check the status of your recommendations by logging into the application portal. You can resend the recommender email there, too—just click Resend Email in the Recommendations section.

Your recommenders should complete the evaluation within one week of the application deadline.

Optional: GMAT/GRE scores

While not required, you do have the option to include a GMAT or GRE score to strengthen your application. Test scores are valid for five years. Apply before your score expires.

An unofficial score report is sufficient for your application. If you’re offered admission, you’ll need to send an official score report. If you already know you'll apply to Iowa before you take the test, on test day, select the University of Iowa Master of Finance program to receive a copy of your score. 

To send us your score report after the fact, go to for GMAT score reports or the ETS Score Reporting site for GRE. Our GMAT code is 4RL-2J-46. Our GRE code is 6681.