mit master of finance: Fees, Living Costs, Test Scores, Visa Process, Work during Study, Entry Requirements.

MIT Master Finance Tuition, Requirement, Application, Deadline 2026.

Cambridge, MassachusettsLocation
UniversitySchool type
Estd1861established year
11886enrollment
Private (Not for Profit)

Master of Finance [MFin]

18 months
Full Time
On Campus

Field of Study

Ranked #5 out of 1501 by THE Global Ranking 2023

$93,834 /Yr

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Collegedunia Team

Content Curator | Updated 3+ months ago

MIT MFin is a 18 months Full Time Master program. This program is offered On Campus, requiring a successful completion of 90 credits. The first year fees for MFin at MIT is ₹ 83.26 Lakhs (USD 93834). Earlier in 2024, the MFin Fee was ₹ 80.97 Lakhs (USD 91250). This shows that the academic fees has increased by ₹ 229278 (USD 2584).

For admission to MFin at MIT, international students need GMAT:700, GRE:260. The Program Start is 01 July 2026. For more details, check MIT Admissions 2026

According to Times Higher Education, MIT ranked 5 out of 1501 in Global Ranking.

MIT MFin Total Fees 2026

The tuition fee for MFin at MIT is USD 93834 per year (₹ 83.26 Lakhs). Meanwhile, the total cost is USD 145302/Year (₹ 1.29 Crore). This includes the tuition fee and other expenses such as Living Cost, Books & Supplies, Health Insurance, etc.

The tuition fee for MFin at Massachusetts Institute of Technology is as follows:

Expense Type Average Cost (INR) Equivalent (USD)
Tuition Fee ₹ 83.26 Lakhs USD 93834
Application Fee ₹ 13,310 USD 150

The other expenses for MFin at Massachusetts Institute of Technology is as follows:

Expense Type Average Cost (INR) Equivalent (USD)
Housing ₹ 19.17 Lakhs USD 21600
Transportation ₹ 3.26 Lakhs USD 3672
Food ₹ 8.84 Lakhs USD 9960
Health Insurance ₹ 4.06 Lakhs USD 4572
Books and supply ₹ 1.33 Lakhs USD 1500
Miscellaneous expenses ₹ 8.65 Lakhs USD 9744
Other Fees ₹ 37,267 USD 420
Total Cost ₹ 45.67 Lakhs USD 51468

MFin Tuition Fee Trends at MIT

MIT MFin Fees for Indian students is ₹ 83.26 Lakhs (USD 93834). This academic fee has remained the same from 2024. Candidates can check the year on year trends in MIT Fees in the table below.

Academic Year Tuition Fees (INR) Tuition Fees (USD)
2026 ₹ 83.26 Lakhs USD 93834
2024 ₹ 80.97 Lakhs USD 91250
2023 ₹ 1.05 Crore USD 118450
2021 ₹ 1.05 Crore USD 118450

MIT MFin Application Deadlines & Important Dates

The key dates for the application process for MFin at MIT include:

  • Application Deadline For 2026 Intake is 05 January 2026
  • Decision Released For 2026 Intake is 10 March 2026
  • Program Start is 01 July 2026

MFin at MIT Admission 2026

To be eligible for admission to MFin at MIT, applicants must meet specific academic and language requirements.

Category Details
School MIT Sloan School of Management
Academic Requirement A bachelor’s degree or equivalent from an accredited institution.
Duration of Program 12 Months or 18 Months
Credits 66 Credits
Entry Terms Summer
Application Fee $150
Application Link Apply Now
Documents Required

Resume
Short answer questions
Respond to Video Question 1 and 2
Three letters of recommendation
Academic Transcripts
Relevant coursework & professional certifications
Online application fee

MIT MFin Application Link

MIT MFin Application Link; Apply Here

MFin at MIT Admission Requirements

For admission to MFin , MIT accepts GMAT, GRE exam. The average scores among admitted students are typically around: 700 in GMAT, 260 in GRE.

MFin Fee Comparison

The fee comparison for similar programs like MIT MFin are:

University Program First Year Fees in USD First Year Fees in INR
Columbia University M.A Mathematics of Finance USD 90,756 /Yr INR 80.5 L/Yr
Johns Hopkins University M.S Finance USD 88,000 /Yr INR 78.1 L/Yr
Princeton University MFin USD 65,210 /Yr INR 57.9 L/Yr
University of California MEng Financial Engineering USD 13,140 /Yr INR 11.7 L/Yr

Also Check:


Important Alert

  • Application Deadline For 2026 Intake - Jan 5, 2026

Tuition Fees

Year1st Year Fees
Tuition Fees$93834

Other Expenses

HeadAvg Cost Per Year
Housing$21600
Transportation$3672

Fee Per Credit:$1382

Previous Year Tuition Fees

Year1st Year Fees
2024$91250
2023$118450
2021$118450

Important Dates

EventApplication Date
Application Deadline For 2026 Intake Jan 5, 2026
Decision Released For 2026 Intake Mar 10, 2026
Program Start Jul 1, 2026

Scores Required

700 / 805

Avg. Score in

GMAT

260 / 330

Avg. Score in

GRE

150

Application Fees

90

ECTS Credits


Ranking

20242023202220212020201920182017

QS World University logo
Finance 2 out of 351 in Global Ranking
( #2 out of 70 in USA 2024)

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Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
FINCAD Women in Finance ScholarshipScholarship per student$ 20,000/Yr$20,000Level Of StudyMasterTypeMerit-Based
Ritchie-Jennings Memorial Scholarship ProgramScholarship per student$ 10,000/Yr$10,000Level Of StudyBachelorTypeMerit-Based
Jane M. Klausman Women in Business ScholarshipScholarship per student$ 5,000/Yr$5,000Level Of StudyBachelorTypeMerit-Based
VueVille Future Technology ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
QS Connect Master’s ScholarshipScholarship per student$ 5,000/Yr$5,000Level Of StudyMasterTypeMerit-Based
Axol Science ScholarshipScholarship per student$ 2,000/Yr$2,000Level Of StudyBachelorTypeCompany-Sponsored

Similar Programs

ProgramImportant DateTotal FeesMedian Exams ScoreAction
Application Deadline for Fall 2026 Intake (1st May 2026)
USD 90,756 /Yr
  • GRE: 311
  • IELTS: 7.0
  • TOEFL: 100
Round 2 Initial Deposit Deadline for Fall 2026 Intake (16th Apr 2025)
Round 3 Decision Release Deadline for Fall 2026 Intake (23rd Apr 2025)
Round 3 Initial Deposit Deadline for Fall 2026 Intake (14th May 2025)
Round 1 Candidate Deadline for Fall 2026 Intake (8th Oct 2025)
Round 1 Decision Release Deadline for Fall 2026 Intake (3rd Dec 2025)
Round 2 Candidate Deadline for Fall 2026 Intake (14th Jan 2026)
Round 1 Initial Deposit Deadline for Fall 2026 Intake (14th Jan 2026)
Round 3 Candidate Deadline for Fall 2026 Intake (19th Mar 2026)
USD 88,000 /Yr
  • TOEFL: 100
  • IELTS: 7
  • PTE: 68
  • Duolingo: 130
Admission Decisions for 2025 Intake (15th Mar 2025)
Admission Decisions for 2025 Intake (15th Apr 2025)
Fee Deposit for Spring Intake 2025 (25th May 2025)
Application Deadline For 2026 Intake (15th Dec 2025)
Fee Deposit for Fall Intake 2026 (25th Dec 2025)
USD 65,210 /Yr
  • TOEFL: 108
  • IELTS: 8
  • Duolingo: 125
Round 2 Application Deadline For 2026 Intake (8th Jan 2026)
USD 87,046 /Yr
  • IELTS: 7
  • TOEFL: 90

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