Candidates are required to have a business background and the equivalent of a U.S. bachelor's degree from an accredited institution. They must have earned a minimum grade average of "B," or the equivalent, in the last two years of undergraduate study. In addition, applicants must have completed two Principles of Accounting courses and one course in each of the following areas: finance, management, statistics, microeconomics, and macroeconomics.
All applicants, domestic or international, are required to take the Graduate Management Admissions Test (GMAT). This test should be taken early enough to ensure that the results will be available to the department before action must be taken on admission.
In addition, all international applicants must take the Internet-Based Test of English as a Foreign Language (TOEFL iBT) or the International English Language Testing System (IELTS) test, regardless of educational background. There are no exemptions from the TOEFL iBT or IELTS exam. For information on the University English proficiency, minimum score requirements go to www.grad.illinois.edu/admissions/instructions/04c.