TOEFL The TOEFL uses different scoring scales depending upon which version of the test is used. For applicants who take the internet-based TOEFL (iBT), the minimum required score on the TOEFL is 104 overall, with sub scores of 26 each. For those who take the computerized exam, applicants must score a minimum of 25 in each section, with a total score of at least 250. For the paper-based version, the minimum score is 60 in each section, with a total of at least 600. Applicants who score below these minimums cannot be considered for admission and should retake the test before submitting an application. IELTS Minimum required scores in the IELTS are an overall score of 7, with sub scores of 7 each. Applicants who score below these minimums cannot be considered for admission and should retake the test before submitting an application.Please note: TOEFL or IELTS Score Reports are valid for two years and scores will be considered expired if the test was taken more than two years prior to Chicago Booth PhD Program’s application deadline. For admission for Autumn 2018, scores from tests taken prior to December 15, 2014, are considered expired. If your score has expired, you must retake the examination and submit the official scores before the application deadline. We will not accept photocopies of expired scores while awaiting the official results of a recent examination. Scores must be sent directly from TOEFL or IELTS. GRE Applicants must also complete the Graduate Management Admission Test (GMAT) or the Graduate Record Examinations (GRE). For most areas of study, applicants may take either the GMAT or GRE. Exceptions are: For Economics - GRE is required For Finance - GRE is preferred; GMAT is acceptable For the Joint Program in Financial Economics - GRE is required For the Joint Program in Business and Psychology - GRE is preferred; GMAT is acceptable GMAT Applicants must also complete the Graduate Management Admission Test (GMAT) or the Graduate Record Examinations (GRE). For most areas of study, applicants may take either the GMAT or GRE. Exceptions are: For Economics - GRE is required For Finance - GRE is preferred; GMAT is acceptable For the Joint Program in Financial Economics - GRE is required For the Joint Program in Business and Psychology - GRE is preferred; GMAT is acceptable