Introduction about MiF at MIT Sloan
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.
716
Avg. GMAT
23
Avg. Age
1.3 Years
Avg. Exp.
123
Class Size
12-18
Months Duration
Quick Overview and Rankings
10
FT Rankings
4
QS Top MBA
Tuition Fees & Scholarship at MIT Sloan
$ 118,470
Tuition Fee
+
$ 77,855
Living Cost
Avg. Cost of Study
Important Scholarships
The Tuition fee for MIT Sloan is $ 118,470 for 18 months and $ 86,300 for 12 months and an additional $ 77,855 and $ 50,965 in living costs respectively.
For many years now, MIT Sloan has been committed to enabling the most talented international students to pursue their studies within their elite business school. There are various scholarships for students such as Aker Scholarship, Kennedy Memorial Trust Scholarship, Life Scholarship Program, etc. Along with this various assistantships and fellowships are available.
- Aker Scholarship
- Kennedy Memorial Trust Scholarship
- Life Scholarship Program
Average Employment Salary after MIT Sloan MiF
Employed within 3 months of graduation
Avg. Salary
7.7%
Consulting
88%
Finance
–
Technology
4.3%
others
The average salary at MIT Sloan for the last graduating class was $109,000. 100% of the class was employed within 6 months of graduation with the majority of the class going into consulting (7.7%), Finance (88%), and others (4.3%) oriented functional roles.
MFin graduates have found opportunities for impact in quantitative rigorous roles across a spectrum of financial career opportunities, such as asset managers, consulting firms, investment and corporate banks, brokerage firms, financial data providers, ratings firms, hedge funds, venture capitalists, insurance companies, public institutions, fintech, and more.
Key Employers
- Citadel
- Amazon
- Deutsche Bank
- IMC
- Rothschild & Co.
- BlackRock
Eligibility Criteria : MiF at MIT Sloan
Applicants are eligible to apply to the Master of Finance program if they have a bachelor’s degree or will have completed one by the academic year they apply. Students with a three-year bachelor’s degree from an international university are also eligible to apply.
They seek well-rounded, intellectually curious individuals with the following characteristics:
- Success in academic, extracurricular, and professional endeavors.
- Willingness to seek alternative solutions to existing challenges.
- Ability to collaborate to accomplish a common goal.
- Ability to inspire others to achieve success.
- Excitement and Passion for finance.
- Motivation to pursue their goals.
Documents Required
- Online application form: This will include information about your academic background, work experience, goals, and motivation for applying to the program.
- Resume: Your resume should highlight your education, work experience, skills, and achievements.
- Standardized test scores: You will need to submit scores from either the GMAT or GRE exam. The GMAT is generally preferred for business school applications, but the GRE is also accepted.
- All official transcripts: You will need to submit official transcripts from all of the colleges and universities you have attended.
- Three letters of recommendation: Two of your letters should be from academic recommenders, such as professors who have taught you in finance or related courses. The other letter can be from a professional recommender, such as a supervisor or colleague.
- Short answer questions: The short answer questions will give you an opportunity to elaborate on your experiences and qualifications.
- Two video essays: The video essays will allow you to introduce yourself and your candidacy to the admissions committee in a more personal way.
Wondering if you can target this school?
Free Profile Evaluation Workshop
Join our live workshop and
Get all your profile related questions answered.
Specializations and Electives Offered
Required Core Courses: During the summer term, you’ll begin with rigorous courses in modern finance, financial mathematics, and financial accounting which provide foundational theories and principles you’ll draw from throughout the program and your career.
Required Advanced Courses: You’ll work with analytical tools — financial modeling, portfolio and pricing theory, statistics and data analytics, and computational methods — to help tackle multi-faceted challenges that arise in finance, from capital budgeting and cash flow analysis to dynamic asset allocation and big-data-based investment strategies and more. A required professional development course adds an important dimension, focusing on finance ethics and regulation.
Required Action Learning Experience: Our signature finance Action Learning courses allow students to apply theory to practice, testing their skills in research methodologies and data analysis with hands-on work experience alongside financial industry practitioners. These project-based courses challenge students to solve real-world problems with MIT’s partner corporations, culminating in student presentations to corporate decision-makers.
An Array of Electives: You’ll choose from topics ranging from financial technology to quantitative methods, to economics, to specialized disciplines such as healthcare finance, fixed income, mergers and acquisitions, and asset management. In addition, MFin students can access other MIT courses or cross-register at Harvard to expand their horizons.
For detailed information, check here.
FAQs about MiF at MIT Sloan
What is the admissions criteria and what MIT look for in a candidate?
MIT’s Admissions Committee looks for applicants with demonstrated academic excellence, proven personal achievement, excellent communication skills, and a strong commitment to pursue the field of finance and make an impact. MIT believes high academic potential and personal achievement are typically reflected in academic records, relevant experience, and recommendations that go beyond a polite endorsement.
Is there a minimum GPA for MIT?
There is no minimum GPA. MIT understands this is one component of your application and will review it alongside any other relevant coursework you’ve completed. View MIT’s Class Profile to see the average GPA of current MFin class.
How do MFin students finance their education for MIT?
The majority of MFin students use loans to finance their education. These come from two government programs, from MIT directly, or through an alternative lending source. Some students supplement their tuition expenses with fellowships and research assistantships.
What tools and resources are available to help students secure summer internships at MIT?
MFins are in a unique position to access both MIT Sloan and MIT main campus career resources and job postings. MFins also have dedicated career advisors to help them navigate their career exploration process.
