Okonjo-Iweala guru akwukwo na St. Anne's School, Molete, Ibadan, ma guo akwukwo na International School Ibadan tinyere Harvard University. O tiri ugo jiri ""magna cum laude"" we puta, ma jiri kwa AB na Economics n'afo 1976, o nweta kwara PhD na ""Regional economics and development from n' univasiti mba ofesi Massachusetts Institute of Technology (MIT) n'afo 1981. O nata ikike mmekorita (International Fellowship) site n' aka American Association of University Women (AAUW) di nyere ya aka oge o na-agu akwukwo maka doctorati ya.