Prior Educational Background Applicants should have obtained a good bachelor's degree from a recognized institution. For those who are not econ/business major, a strong quantitative background and a commitment to academic study and research are expected. English Proficiency Requirements Applicants whose first language is not English and whose degree or equivalent qualification was awarded by an institution where the medium of instruction was not English will also have to meet the University English Requirements: 1. Test of English as a Foreign Language (TOEFL)      Paper-based test (PBT) score ≥ 550      Internet-based test (iBT) score ≥ 80; OR 2.  International English Language Testing System (IELTS) overall score ≥ 6.0, with all sub-scores ≥       5.5.   N.B TOEFL and IELTS scores are valid for two years from the test date. Interview Shortlisted applicants may be invited to attend an interview during the admission process.