QS Rank:
1
Massachusetts Institute of Technology
Massachusetts
,United States
Program Rank
1
Program Name
Master's in Finance
Deadline
January 03rd, 2025
Overview
Welcome to the Master's in Finance program at the prestigious Massachusetts Institute of Technology (MIT), consistently ranked as one of the world’s leading institutions for higher education. MIT Sloan School of Management has designed this program to meet the growing demand for finance professionals who possess both sophisticated quantitative skills and a deep understanding of business dynamics. As the financial landscape continues to evolve, our program equips students with essential tools and insights to navigate and lead in this competitive arena.
The curriculum is meticulously crafted, combining rigorous academic theory with practical applications. Students delve into essential subjects such as corporate finance, investment analysis, risk management, and financial markets. The program also emphasizes the importance of quantitative skills, offering courses in statistics, financial modeling, and econometrics. Moreover, students can personalize their educational journey through a diverse selection of electives, which may include specialized topics such as behavioral finance, fintech innovations, and global financial markets. This flexibility enables students to align their studies with their career aspirations while ensuring a robust foundation in finance.
At MIT Sloan, you will learn from world-renowned faculty who are not only experts in their fields but also passionate educators. Our professors employ a unique teaching methodology that integrates theory and practice, fostering an engaging and collaborative learning environment. Students can expect a mix of lectures, case studies, and group projects that stimulate critical thinking and real-world problem-solving. Faculty members are also actively involved in research, allowing students to gain insights from cutting-edge studies and projects, further enhancing the learning experience.
In addition to a strong academic framework, the Master's in Finance program offers exceptional research opportunities and resources. Students can engage in collaborative research initiatives, working alongside faculty members on projects that address current industry challenges. The program's emphasis on innovation and technology ensures access to state-of-the-art resources, including advanced financial modeling tools and software. This approach not only enriches students' understanding but also prepares them to contribute meaningfully to their future workplaces.
Networking and industry connections play a critical role in shaping your career, and MIT Sloan ensures that students have ample opportunities to connect with leading finance professionals. The program hosts a variety of networking events, career fairs, and employer presentations throughout the academic year, fostering relationships that can lead to internships and job placements. Students benefit from a dedicated career services team that provides tailored career advising, workshops, and access to a vast network of alumni and industry contacts.
Upon graduation, MFin students are well-prepared to embark on a variety of successful career pathways. Graduates have gone on to secure positions as portfolio managers, financial analysts, investment bankers, risk managers, and corporate finance analysts, among other roles within the financial sector. With a remarkable job placement rate of 100% and a median base salary of $110,000, our graduates are highly sought after by top organizations worldwide. Alumni success stories highlight the program’s efficacy, showcasing individuals who have made significant contributions in their fields and have achieved remarkable career trajectories.
Why Study Master's in Finance at MIT? Here are some compelling reasons:
- Unmatched Program Reputation: MIT Sloan is consistently ranked as one of the top business schools globally, ensuring your degree holds significant value.
- Rigorous Curriculum: A blend of theory and practical application prepares students for real-world challenges.
- World-Class Faculty: Learn from experts who are leaders in finance and bring real-world experience into the classroom.
- Networking Opportunities: Extensive connections with industry leaders and alumni help facilitate job placements and internships.
- Career Support: Comprehensive career resources and advising ensure you are job-ready upon graduation.
- Diverse Electives: Tailor your educational experience with a wide range of elective courses that suit your interests and career goals.
Before applying, prospective students should note the eligibility criteria. Candidates are expected to have a minimum GPA of 3.0 out of 4.0 and must have completed at least 16 years of formal education culminating in a bachelor’s degree. In addition, international applicants must demonstrate English proficiency through standardized tests such as IELTS, with a minimum score of 7.0, or TOEFL, with a minimum score of 90. A comprehensive application package is required, including a resume, video interview, and letters of recommendation both academic and professional.
As you consider your future in finance, the Master's in Finance program at MIT Sloan stands at the forefront of academic excellence and industry relevance. Join a community of talented individuals who are passionate about finance and eager to make an impact in the world. The deadline for applications is January 3rd, 2025, and we encourage you to begin assembling your application materials early to ensure a smooth submission process.
Transform your career and unlock your potential at MIT Sloan's Master's in Finance program - where innovation meets finance.
Total Tuition Fees
$1,24,875
Duration
18 Months
Median Salary
$1,10,000
Ranking
#2
US World and News Report
#5
The World University Rankings
#1
QS World University Rankings
Intake
Summer ( July - Sept )
Class Profile
Class Size
120
Average Age
25
Average Work Experience
2 Years
Diversity
Black or African American:
12%Others:
8%Two or more races:
5%Asian:
15%Hispanic or Latino:
12%White:
48%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
$1,10,000 / 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
Eligibility Criteria
At least 3 / 4 undergraduate GPA is expected.
At least 16 years of bachelor degree.
English Proficiency Tests
IELTS
7
TOEFL
90
DUOLINGO
120
Application Requirements
Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.
Application Fee: 150
Resume
Video Interview
Academic LOR
Academic LOR
Professional LOR
IELTS
Interview
Application Deadlines
| Standard Deadline | |
|---|---|
| Fall | Jan 3, 2025 |
Fees and Funding
Tuition Fees
$1,24,875 / year
Overall Cost
$1,45,000 / year
Funding Options
Department Funding
0
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.
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