Master of Finance
3.7 /5
- Private Institute
MIT Sloan School of Management
Talk to ExpertMaster of Finance at MIT USA Overview
The Massachusetts Institute of Technology is well known for its Master of Finance program at the PG level. Designed to be completed in 12 months, this program provides a solid academic foundation and practical exposure.
Admission to this program requires candidates to meet specific eligibility criteria, including valid scores in exams such as IELTS, TOEFL, GMAT and GRE.Choosing the course can be a great decision for students looking to advance in this field. The tuition fee for the first year of the Master of Finance is approximately USD 91,250. Additionally, students should plan for living expenses, which include accommodation (hostel or rent), food, study materials, and other daily necessities, averaging around USD 22,656.
Duration | 18 months Get Curriculum |
Tuition & Fees | ₹1.14 Crores Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
- Overview
- Fees
- Curriculum
- Entry Requirements
- Application Process
- Rankings
- Placements
- Highlights
- Scholarships
- Class Profile
Master of Finance at MIT USA Fees
The Massachusetts Institute of Technology Master of Finance fees includes first year tuition fee and cost of living for international students. The first-year tuition fee is around USD 91,250. In addition to tuition costs, international students must manage their living expenses such as housing, food, and other utilities, which contribute to the total cost of living, estimated at USD 22,656. The Massachusetts Institute of Technology cost varies depending on the additional cost.
Refer to the table below for a detailed fee breakup of the Massachusetts Institute of Technology Master of Finance.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 1,14,30,199 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 17,49,844 |
| Insurance | INR 3,19,694 |
Calculated at the exchange rate of 1 USD = INR 88.73 | Tuition & expenses were last updated on 16ᵗʰ September 2025Master of Finance at MIT USA Curriculum
If the students want to learn more about the Massachusetts Institute of Technology Master of Finance program, just click the green button below. The curriculum PDF has everything needed—from course details and electives to specializations, duration, and much more. Additionally, it gives a semester-wise breakdown of the program, making it easier to understand how the course is structured.
Download exam sample paper
Master of Finance at MIT USA Entry Requirements
- No specific cutoff mentioned
- No specific cutoff mentioned
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All applicants to the program must hold a four-year undergraduate degree or three-year equivalent undergraduate degree from outside of the U.S, by time of matriculation.
- MIT curriculum is rigorous. Knowing what courses you’ve taken will give university a quick way to assess how you might handle the MFin curriculum. Please list courses that you are currently taking or that you have completed in the following areas: Linear Algebra, Multivariable Calculus, Probability, Statistics
- University are also interested in learning about your proficiency in computer language programming. They prefer candidates with demonstrated proficiency in Python. While candidates may be admitted without Python, it is expected that admitted students will need to demonstrate proficiency in Python prior to matriculation.
- Universiy's Admissions Committee looks for applicants with demonstrated academic excellence, proven personal achievement, excellent communication skills, and strong commitment to pursue the field of finance and make an impact
- They believe high academic potential and personal achievement are typically reflected in academic records, internship or work experiences and recommendations that go beyond a polite endorsement.
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- No specific cutoff mentioned
- Submission of a standardized test, such as GMAT (Focus Edition or 10th Edition) or GRE, is optional when applying for the MFin program.
- No specific cutoff mentioned
- No specific cutoff mentioned
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
- No specific cutoff mentioned
- Submission of a standardized test, such as GMAT (Focus Edition or 10th Edition) or GRE, is optional when applying for the MFin program.
- Interviews are by invitation only. They are a required step in the process. An invitation to interview signals that your application has reached an advanced stage of consideration, but it does not guarantee admission.
- No
Master of Finance at MIT USA Frequently Asked Questions
MIT is one of the most selective schools in the world. With an acceptance rate of 4.8%, it is very difficult to secure admission here. So, one needs to have an excellent profile to get into MIT. Indian students applying to MIT need to submit the following documents.
- Official school transcripts
- SAT or ACT scores
- English language proficiency proof
- A statement of purpose
- the latest Resume
- Essays and personal statements
- A letter of recommendation
Yes, the Caltech acceptance rate stands at 3%. while the Massachusetts Institute of Technology acceptance rate is 4.52% giving students a marginally better chance of admission.
Interested applicants must stand out among their peers both academically and non-academically, across every level of studies and submit a standout application to have the best possible chance of admission.
Massachusetts Institute of Technology offers over 100 undergraduate and more than 50 graduate courses, including various popular majors such as Engineering, Physics, Mathematics, Management, Science, and more. International students can check the MIT popular majors along with the graduation rates from the table below:
Popular Majors | Graduation rates |
|---|---|
Computer Science | 27% |
Mechanical Engineering | 10% |
Mathematics | 10% |
Electrical and Electronics Engineering | 6% |
Physics | 6% |
MIT is not costly for Indian students. Applicants can study BTech program at affordable tuition fees as compared to other BTech colleges in the USA. The MIT BTech fees is around INR 50 L to INR 52 L.
Massachusetts Institute of Technology (MIT) as well as the Florida Institute of Technology are two well-known universities in USA and great study abroad options for students. When it comes to rankings, MIT University beats Florida Tech with the rank #1 in QS World University Rankings - Best Global Universities for the year 2024. Whereas, the latter is unranked in this category.
It is widely known that MIT University is one of the most prestigious universities in the world. However, FIT is just as world class when it comes to offering programs for their international students.
Mentioned below is the comparison between both the universities on the basis of some other parameters that can help you choose the better university for you:
Parameters | MIT University | Florida Tech |
|---|---|---|
Acceptance Rate | 4% | 66% |
Average GPA Required | 3.5 GPA | UG: 2.0 PG: 3.0 |
Annual Tuition Fee (MBA) | INR 35L - 73L | INR 13L - 27L |
Master of Finance at MIT USA Application Process
- MFin applicants must submit three letters of recommendation.
- A detailed recommendation can tell us a lot about you. Make sure you select individuals able to speak about your qualifications and impact.
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- One letter must come from someone who can speak to your quantitative abilities.
- If you are a current student, you should submit two letters from your current school and one letter from a recent internship, preferably from a previous supervisor.
- If you are working full-time, one letter of recommendation should come from your most recent employer and another letter of recommendation from an academic source, preferably a previous professor. The third recommendation can be either academic or professional.
- Submit a one-page resume
- Here are some pointers on formatting:
- One-page limit
- Times New Roman font
- Size 10 font
- Word or PDF formats only
- Copies of academic records from all colleges and universities attended
- Submit GMAT/GRE scores (If Applicable)
- Submit English Language Proficiency scores
- Submit answers to the two video question. Videos should adhere to the following guidelines:
- Video question 1-
Introduce yourself to your future classmates. Here's your chance to put a face with a name, let your personality shine through, be conversational, be yourself. We can't wait to meet you!
Videos should adhere to the following guidelines:- No more than 1 minute (60 seconds) in length
- Single take (no editing)
- Speaking directly to the camera
- Do not include background music or subtitles
- Video question 2- Video Question 2 is a part of your required application materials and will appear as a page within the application, once the other parts of your application are completed.
- Video question 1-
- Short Answer Question-
Question 1: Please discuss your past academic and professional experiences and accomplishments that will help you succeed in the Master of Finance program. Include achievements in finance, math, statistics, and computer sciences, as applicable.
Question 2: Tell us about your short-term and long-term professional goals. How will our MFin degree help you achieve these goals?
Question 3: What personal qualities will enable you to contribute to the advancement of our mission?
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Question 4: How has the world you come from shaped who you are today? For example, your family, culture, community, all help to shape aspects of your life experiences and perspective. Please use this opportunity to share more about your background.
- The MIT Monthly Payment Plan offers the option of spreading the applicant's term bill over five payments and paying it over the course of the term as opposed to in one lump sum
Master of Finance at MIT USA Rankings
| Rank | Rank Publisher |
|---|---|
| #1 | |
| #1 | |
| #3 |
Master of Finance at MIT USA Placements
| Particulars | Statistics (2025) |
|---|---|
| Internship Available | Yes, During the 18 months, students will have the option to complete an internship during the second summer term, take additional courses or use the additional time to write a thesis |
Master of Finance at MIT USA Students also asked
To improve the chances of a seat at MIT, students are required to display their academic and technical knowledge, any prior research experience, and motivation behind choosing MIT for further studies, among other things.
The institute prioritises students with prior internship or research experience.
Letters of Recommendation from school teachers, college professors, and past employers also help improve the overall quality of the application, and thus the overall chances of admission.
Going through the applications of past MIT students can also help students get an idea of the things that are present or are currently missing from their application, and they should work on.
International students can track their application on the application portal through which they have applied. The university will provide them with login credentials through which they can check the live status of their application, along with the receipt of transcripts, test scores, and recommendation letters. It is advisable to check the application periodically before emailing it to the admission office. Students can also receive the decision mail through the same portal.
Students are required to have a bachelor's degree to be eligible to apply to EECS. The institute expects students to have a very strong background in math, physics, computer science, or engineering. Admission is extremely competitive. Admission is done on the basis of GPA, LORs, SOP, and other academic transcripts. Students can submitr GRE scores too, whihc is not considered mandatory.
Massachusetts Institute of Technology average salary for MSBA graduates is around INR 1.12 Cr with an average signing bonus of INR 11.87 L per year. Around 95.3% of graduates accept an employment offer within six months of graduation in 2023. The top industries for the Class of 2023 were Technology 39.3%, Finance 29.5%, and Healthcare or Pharma or Biotech 9.8%, with an 8.4% increase in Technology, and a 7.7% increase in Finance.
Read more about the MIT University Placements
Massachusetts Institute of TechnologyStudents Ratings & Reviews
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- 0% students never faced discrimination in this university
Master of Finance at MIT USA Highlights
- MIT’s Master of Finance program features a rigorous 18-month STEM curriculum, with the option to accelerate in 12 months, emphasizing a foundation in how markets work and engineered around the most advanced financial theories, quantitative models, and industry practices
- Students are able to complete one of four available concentrations: financial engineering, impact finance, capital markets, or corporate finance. Completing a concentration is optional and is not a degree requirement
- The program consists of required fundamental and advanced subjects, restricted electives, action learning, ethics modules, a programming literacy test, and an optional master's thesis
Master of Finance at MIT USA Scholarships
Class Profile
| Average class profile for this course | |
|---|---|
| Work Experience | 13 months |
| Percentage of International Students | 87% |
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