Application Procedure

1. Submit an application for admission to the Graduate College and the appropriate application fee ($40.00 domestic; $50.00 international). You may apply online, or download and print the application, complete it, and mail it.
   1. Apply online. Your application will be transmitted via the internet and the fee can be paid by credit card. The web address is: http://www.oar.uiuc.edu/prospective/grad/applygr.html .
   2. Download the PDF version of the application, print it, complete it, and mail it. The web address to download the application is: http://www.grad.uiuc.edu/general/application.html . If you are unable to download the application please request a paper copy from the Finance Graduate Studies Office. Both application and fee should be sent directly to:

      Office of Admissions and Records
      University of Illinois at Urbana-Champaign
      901 W. Illinois Street - MC-061
      Urbana, IL 61801 USA
      
      Telephone: (217) 333-3048

2. Submit various supporting materials directly to the Finance Graduate Studies Office
   1. Personal statement. Your personal statement should explain your reasons for pursuing the Ph.D. degree.
   2. Transcripts. Original transcripts for all undergraduate and graduate schools you have attended. Transcripts should be sent by your university directly to the Finance Graduate Studies Office
   3. GMAT Official copy of Graduate Management Admission Test (GMAT) results sent by Educational Testing Service in Princeton, New Jersey. Scores on the Graduate Record Exam (GRE) may be submitted in place of GMAT scores. Use institution code 1836 and department code 02. To request a copy of the bulletin contact:

      Graduate Management Admissions Test
      Educational Testing Services
      P. O. Box 6106
      Princeton, NJ 08541-6106

      Telephone:	(609) 771-7330
      Fax:	(609) 883-4349
      Website:	www.gmat.org

   4. TOEFL (international students only).
      International applicants are required to submit results of the Test of English as a Foreign Language (TOEFL), unless they satisfy one of the conditions for exemption listed below. Applicants must have a minimum score of 610 on the paper-based test or 257 on the computer-based test. Applicants are exempt from the TOEFL requirement if one or both of the following conditions are met:
      • The applicant has completed at least two academic years of full-time study (as defined by the home institution) within five years of the beginning of the proposed term of enrollment, or the applicant has completed a graduate degree, in a country where English is the primary language and at a school where English is the primary language of instruction. That is, English must be both the language of the country and the language of instruction at the school.
      • The applicant is from a country in which English is both the primary language and the official language.

      Please arrange for the official copy of Test of English as a Foreign Language (TOEFL) results from the Educational Testing Service in Princeton, New Jersey. Use institution code 1836 and department code 02. To request a copy of the bulletin contact:

      TOEFL Services
      Educational Testing Services
      P.O. Box 6151
      Princeton, NJ 08541-6151

      Telephone:	(609) 771-7100
      Fax:	(609) 771-7500
      Email:	toefl@ets.org
      Website:	www.toefl.org

   5. Three letters of recommendation. Letters from academic sources are preferred.

   These materials should be sent directly to the Finance Graduate Studies Office:

   Finance Graduate Studies Office:
   Director of Ph.D. Program
   University of Illinois at Urbana-Champaign
   College of Business, Department of Finance
   304 David Kinley Hall, MC-706
   1407 West Gregory Drive
   Urbana, IL 61801 USA

   Telephone:	(217) 333-8153
   Fax:	(217) 244-9867
   E-mail:	phdfinance@business.uiuc.edu
   Website:	www.business.uiuc.edu/finance/phd/

Please direct questions to the Finance Graduate Studies Office at phdfinance@business.uiuc.edu.