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Talk to ExpertMaster of Finance at MIT USA Overview
Massachusetts Institute of Technology is among the popular universities to study Master of Finance from abroad. The duration of Master of Finance program is 12 months. The first-year Massachusetts Institute of Technology tuition fee for Master of Finance is around USD 91,250. Indian students are required to plan their cost of living (accommodation, groceries, insurance, utilities, etc.) apart from tuition fees to study at the university. The average estimated cost of living is around USD 22,656. Indian students must meet the Massachusetts Institute of Technology admission requirements to study the course. Indian students must submit an online application by the course deadline to get into the university.
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 fee structure for the Master of Finance at the Massachusetts Institute of Technology covers the first-year tuition fees along with other additional charges, including the Books and supplies charges; facilities cost and many more offered by the Massachusetts Institute of Technology. Other than tuition costs, students need to pay living expenses that cover various factors like rent, food, transportation, utility, and other personal expenses. The average cost of living is USD 22,656. The total tuition fees for the first year of Master of Finance is USD 91,250.
Find more details about Massachusetts Institute of Technology Master of Finance on the fee breakup, from the table mentioned below.
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 29ᵗʰ October 2025Master of Finance at MIT USA Curriculum
Students can click on the green button below to access and download the curriculum of the Massachusetts Institute of Technology Master of Finance. The PDF of the curriculum includes the main subjects taught by the university, the electives offered and additional course materials. The division of the Master of Finance into semesters has also been included.
Download exam sample paper
Master of Finance at MIT USA Entry Requirements
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- Students should have a 2 1 honours degree or equivalent preferably in english and or creative writing but other disciplines will be considered
- Holders of a three or four year ug degree from a recognised university in india will be considered for postgraduate taught study
- For 2 1 equivalency students are normally expected to have achieved 55 to 60 or higher depending on the awarding institution
- For 2 2 equivalency students should have achieved 50 to 55
- Either a four year ug degree first class or very good upper second class or a three year ug degree first class from recognised institutions in india
Calculate your score and check your eligibility at over 2000+ universities.
- 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.
Calculate your score and check your eligibility at over 2000+ universities.
- No specific cutoff mentioned
- No specific cutoff mentioned
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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.
- 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
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% |
Massachusetts Institute of Technology acceptance rate stands at 5% according to unofficial source. This shows that institution is highly selective and the applications are reviewed with utmost care. International students are required to meet MIT admission criteria which includes very good academic background, excellent extracurriculars top notch scores in standardized entrance test scores along with relevant work experience for some programs.
Yes, MIT has been home to a vast number of Indian students. Listed below are some of the Indians who are included in the list of Massachusetts Institute of Technology notable alumni:
Raghuram Rajan: Indian economist and former Governor of the RBI
Arvind Subramanian: Economist and the former Chief Economic Advisor to the Government of India
N. R. Narayana Murthy: An Indian billionaire businessman, who is one of the seven co-founders of Infosys
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
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.
According to the review of few students, MIT is better than IIT when it comes to placements. Some of the reasons as to why MIT is better than IIT are:
- Infrastructure: MIT’s infrastructure such as the research equipment etc. is the state of the art. A huge amount of funding from various organizations for cutting edge research is received by MIT
- Teaching Practices: In the institute like MIT, more focus is laid on research than classroom teaching, whereas, at IITs, classroom teaching takes more time than research
- Supportive professors: At MIT, students and professors come together to solve a problem. One can talk to a professor about anything and everything. This quality allows students to communicate, take advice, and counter professors
Also Check: List of Top IIT is India
Yes, Indians with tight finances may find it expensive to enroll in undergraduate or graduate programs at the Massachusetts Institute of Technology. The annual tuition fees for UG are between INR 50 L and INR 52 L for undergraduate and INR 35 L and INR 1 Cr for graduates. This shows the university is highly expensive. Also, students must be ready for additional costs required for accommodation, transportation, food, insurance, personal expenses, and more. The tuition fee table for popular courses is attached below:
Courses | 1st Year Tuition Fees |
|---|---|
MS (38 courses) | INR 36 L - 78 L |
MBA/PGDM (14 courses) | INR 36 L - 78 L |
M.Arch (4 courses) | INR 46 L - 53 L |
B.E. / B.Tech (21 courses) | INR 51 L - 53 L |
B.Sc. (11 courses) | INR 51 L - 53 L |
Students who have completed their 12 can enter MIT only if their academic record is excellent over the year. The MIT acceptance rate is 5%, as per an unofficial source. This shows they are extremely competitive during admission. After completing the 12th with excellent grades, students can apply for UG courses. They must fulfill the basic eligibility and requirements. The basic eligibility includes the high school certificate or equivalent with good academic performance, and meeting standardized test scores (ACT/SAT).
Massachusetts Institute of TechnologyStudents Ratings & Reviews
1 Verified Review- 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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