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

MIT Master of Finance Fees, Eligibility, Admission & Deadlines

Cambridge, MassachusettsLocation
UniversitySchool type
Estd1861established year
11466enrollment
Private (Not for Profit)

Master of Finance [M.Fin]

18 months
Full Time
On Campus

Field of Study

Ranked #5 out of 1501 by THE Global Ranking 2023

$91,250 /Yr


Important Alert

  • Application Deadline For 2026 Intake - Jan 5, 2026

Tuition Fees

Year1st Year Fees
Tuition Fees$91250

Other Expenses

HeadAvg Cost Per Year
Housing$21600
Transportation$3552

Fee Per Credit:$1382

Previous Year Tuition Fees

Year1st Year Fees
2023$118450
2021$118450

Important Dates

EventApplication Date
Application Deadline For 2026 Intake Jan 5, 2026
Decision Released For 2026 Intake Mar 10, 2026
  • English Language Ability Tests such as the TOEFL and IELTS are not necessary.

Eligibility & Entry Requirement

Category

Details

School

MIT Sloan School of Management

Academic Requirement

A bachelor’s degree or equivalent from an accredited institution.

Duration of Program

2 years

Credits 66 Credits
Entry Terms

Summer

Application Fee

$125

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

Scores Required

700 / 805

Avg. Score in

GMAT

260 / 330

Avg. Score in

GRE

3.9 / 5

Minimum gpa

GPA

125

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
Ritchie-Jennings Memorial Scholarship ProgramScholarship per student$ 10,000/Yr$10,000Level Of StudyBachelorTypeMerit-Based
FINCAD Women in Finance ScholarshipScholarship per student$ 20,000/Yr$20,000Level Of StudyMasterTypeMerit-Based
WHO InternshipScholarship per studentVariable AmountLevel Of StudyBachelorTypeCompany-Sponsored
QS scholarshipsScholarship per studentVariable AmountLevel Of StudyBachelorTypeMerit-Based
Arkansas ScholarshipsScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific
BeArt Presets-Academic ScholarshipScholarship per student$ 2,500/Yr$2,500Level Of StudyBachelorTypeMerit-Based

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
--
USD 12,762 /Yr
  • IELTS: 7
  • TOEFL: 90
  • Duolingo: 125

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