Entry requirements


You must upload all your university academic transcripts to the online application form. These must show the subjects studied or grades obtained from each academic year. If you are made an offer to join the programme, you will need to provide official copies of your transcripts. 

DPhil in Finance

You should have at least an upper second class honours degree or equivalent in an undergraduate degree.

DPhil in Management

For this programme, the most successful applicants typically have a distinction in a Master’s level degree in addition to an upper second class honours in their undergraduate studies.


Please see our guidance on international qualifications to assess whether your qualifications meet our requirements.

GMAT or GRE test

Please note that this is not a test of your English language abilities.  All applicants must provide a GMAT or GRE score and copy of the official report in order for your application to be considered.

We look for a high level of quantitative and analytical skills evidenced in the GMAT or GRE results. Contact GMAC/ETS directly to arrange to take the test.

  • We recommend that both quantitative and verbal scores should be in the 80th percentile.
  • All sections of the GMAT/GRE must be taken to be considered valid.  
  • Whilst we will accept GMAT Online scores in exceptional individual circumstances, such as stringent local or national lockdown measures, you should aim to take the test in person.
  • Official scores must be accessible by our admissions department. For GMAC to release your official scores give your test centre this code: Q0G-4B-45. For your GRE scores give your test centre this code: 0807.
  • GMAT/GRE scores are not valid if they are older than five years on the programme start date.

English test

Test of English as a Foreign Language (TOEFL), International English Language Test Scheme (IELTS), Cambridge Certificate of Advanced English (CAE) or Cambridge Certificate of Proficiency in English (CPE) must be taken, and all minimum scores met if you are not from a majority English speaking country, as defined by the UK Visas and Immigration Office (UKVI). The list of eligible countries are as follows:

Australia, New Zealand, USA, Canada, UK, Ireland, Antigua and Barbuda, The Bahamas, Barbados, Dominica, Grenada, Jamaica, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Trinidad and Tobago, Belize, Guyana.

Waivers for the English language test

You are eligible for an English language test waiver if you have completed, or are in the process of completing a degree which is:

  • Full time
  • Nine months or longer
  • Undertaken at a recognised institution, where the medium of instruction and assessment was entirely in English.

English language waivers are only applicable for two academic years. Therefore if you are applying for October 2022 entry, your degree must have been completed in 2020 or later.

If your degree was taught in a non-majority English speaking country*, you must upload an official letter or document from your institution which confirms your degree was entirely taught and assessed in English.

*As defined by the UKVI, please see above for list of eligible countries.


Minimum requirements

  • Overall score: 110        
  • Listening: 22          
  • Reading: 24          
  • Writing: 24          
  • Speaking: 25          


Minimum requirements

  • Overall score: 7.5
  • Each component: 7.0


  • Minimum Score: 191
  • Minimum required on each component: 185


  • Minimum Score: 191
  • Minimum required on each component: 185

Further information

The institution code for ordering your official TOEFL score sheet from ETS is 0807. There is no department code; this can be left blank.

If you choose to take the IELTS you need to sit the academic test. 

All tests will be considered invalid if they more than two years old at the programme start date. Exchange programmes/distance learning/online courses cannot be considered for the waiver.

We reserve the right to request a test of English be taken at any time.

Applications which include test results below the minimum requirements stated above will be considered incomplete and will not be processed.

Written work

You will need to upload three pieces of writing:

1. A research proposal: The research proposal provides an outline of your research plans and is intended to demonstrate your ability to pursue a research-oriented academic career. The proposal should specify your intended research questions and locate them in relevant academic literature. It should outline research methods suitable to addressing your research questions and explain how they would advance knowledge in the field. Please begin your research proposal with a clear title. Max. 2,000 words. 

2. A previous piece of written work such as an essay or section of a longer piece of work on a topic appropriate to the degree for which you are applying. Or a second research proposal should you have a secondary research interest. Max. 2,000 words.

3. A personal statement. This should explain why you want to do a DPhil, why you want to study at Oxford, the field of your research interests, your preferred supervisor(s) and your post-DPhil plans. Max. 1,500 words.


Three academic references must be submitted via the online application form.

If you are in the process of completing a degree programme, one reference should be from your current institution.