Name: Master's
Price: 91250 USD

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QS Rank:

Massachusetts Institute of Technology

Massachusetts

United States

Overview

MIT Sloan launched its Master of Finance as a direct response to demand in the financial industry. This rigorous program combines in-depth study of quantitative techniques with practical, hands-on business problem solving.

Beyond the traditional synergies among economics, finance and accounting, MIT Sloan’s Master of Finance program exploits the intellectual ties between finance, mathematics, statistics, operations research, computer science, and engineering. These, combined with a high level of flexibility and a wide range of elective courses, allow you to tailor your experience to your specific career goals.

Total Tuition Fees

$1,24,875

Duration

18 Months

Median Salary

$1,68,095

Ranking

US World and News Report

The World University Rankings

QS World University Rankings

Intake

Summer ( July - Sept )

Class Profile

Class Size

120

Average Age

Average Work Experience

2 Years

Diversity

Black or African American:

12%

Others:

Two or more races:

Asian:

15%

Hispanic or Latino:

12%

White:

48%

Admissions

Eligibility Criteria

Short-Answer Questions

The mission of the MFin program at MIT Sloan is to create the next generation of principled, global financial leaders able to apply the latest modern finance theories and methods. We’re interested in students with the drive and ambition to go on to advance financial management practice and improve the world. Using relevant, verifiable details, such as awards, rankings, media references, etc, applicants are asked to respond to three short-answer questions. Each response should be 200 words or less.

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?

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

For more information on the admission criteria click here

Application Requirements

What Really Matters When Applying

Resume
Required
Video Interview
Required
Academic LOR
Required
Academic LOR
Required
Professional LOR
Required
GRE
Required
GMAT
Required
TOEFL
Optional
IELTS
Optional
Interview
Required
Application Fee
150

Career Outcomes

We have a deep offering of career programs to support you. After you enroll in the MFin program, you’ll receive access to career resources to help you hit the ground running. When classes begin, we kick off Career Core, a series of tailored career education classes to advance your career development and prepare you for recruiting. You’ll learn about building a strong résumé and cover letter, crafting your career story, networking techniques, interview preparation, offers and negotiations. Complementary to Career Core, you’ll have access to individual and small group career advising sessions.

The majority of networking events are in the fall — our recruiting partners typically select which programs are invited to attend each event. MFin Networking Night is an event that takes place each fall where employers are seeking to connect exclusively with MFin students. There are also networking events that are open to students across programs.

Median Earnings After Graduation

$1,68,095 / year

Graduation Rate

95%

Job Placement

100%

Prospective Job Roles

Portfolio Manager

Financial Analyst

Accountant

Risk Manager

Investment Banker

Management Consultant

Corporate Finance Analyst

Financial Manager

Trader

Controller

Event Insurance Manager

Top recruiters

Fees and Funding

Tuition Fees

$91,250 / year

Overall Cost

$1,96,875 / year

Funding Options

Department Funding

Scholarships

The MFin program offers a limited number of merit-based fellowships. All admitted students are automatically considered for a fellowship and no additional application components are required.

FAQs

We assess English language ability during our interviews.
No. This is not required to apply to the MFin program.
Standardized tests, such as the GRE and GMAT, are a component of the application process and play an important role in our evaluation process. The admissions committee will continue to accept the remote/at-home version of these exams. If your current situation prevents you from being able to submit a test score, the MFin program will allow candidates to submit their application without the test and review their submitted material as is and without negative inferences.
The MFin program typically starts on July 1. The summer term is required and an integral part of the core degree requirements. MIT undergrads who have taken specific Course 15 credits, or MFin applicants who have completed the MITx MicroMasters in Finance full credential by December of the year prior to MFin enrollment, may be eligible to waive some of the summer term with prior MFin Program approval.
The degree requirements are the same for each format, the only difference is timing. The 18-month format consists of four academic terms (summer, fall, spring, fall) and the opportunity to complete a summer internship and graduate in February. Students who choose to accelerate in 12 months spend the summer, plus two academic terms (fall and spring) in residence, and graduate in June. MIT undergraduates who have fulfilled specific Course 15 work may be able to complete the program requirements during the fall and spring terms. MIT undergraduates will be required to get approval from the MFin Program Office to confirm their time spent in the program.
The MFin program is delivered in 18 months with the option to accelerate the degree requirements and complete it in 12 months. If you are interested in the 12-month format only, you must select that in the “Additional Questions” section of the application and briefly explain why you are interested in the 12-month format.
There are a number of differences between the CFA program and the MIT Sloan MFin program. First, the CFA program is focused on investment management, whereas the MFin program is broader and prepares students for careers across a variety of finance functions including investment banking, investment management, quant research, quant trading, risk management, private equity, venture capital, finance-related consulting, portfolio management, sales and trading, impact finance and fintech. Second, the CFA program, while focused on investment management, is a generalist program. That is, the level of depth at which it treats any given topic is determined by the question, “What does an investment professional who is not an expert on this topic need to know about the topic?” The MFin program, while providing this generalist perspective, also goes into considerable depth. Third, the CFA program is a distance learning program, whereas the MFin program is residential. This allows for a more intensive, total immersion experience, including significant peer learning. Finally, the CFA is a professional designation that involves becoming a member of a professional society, including subscribing to a code of ethics. The MFin program is a degree program that ends when you graduate; while there are opportunities for alumni to stay connected to the school and to one another, this is not the same as being a member of a professional society.