High, new TOEFL score 109. According to the inquiry of official website of Oxford University, the second master's degree in economics and finance is required, with a GPA of at least 3.5 (equivalent to 85 points), an IELTS of at least 7.5 and a new TOEFL 109. Oxford University, referred to as "Oxford", is located in Oxford, England. It is the world's top public research university, which adopts college federalism.