https://mitsloan.mit.edu/mfin/explore-program
Explore the Program | Master of Finance | MIT Sloan
The Master of Finance (MFin) program provides strong experience with the fundamentals, plus the flexibility to customize.
mitsloan.mit.edu
Key takeaways
- 3-semester program
- tuition fee $120,000 in total
- less financial engineering courses
Program
3 semesters
Deadline: January
Fees
| 12-Month | 18-Month (+Fall 2024) | |
|---|---|---|
| Tuition & fees | $87,600 | $120,400 |
| Student life fees | $406 | $609 |
| Health Insurance* | $3,237 | $4,586 |
| Housing | $17,865 | $23,820 |
| Food | $7,095 | $9,460 |
| Books & supplies** | $1,050 | $1,400 |
| Transportation | $2,571 | $3,428 |
| Personal | $7,065 | $9,420 |
| Computer (one time cost) | $2,000 | $2,000 |
| Total | $128,889 | $175,123 |
Prerequisites/requirements
- Resume
- Academic transcripts
- Linear Algebra
- Multivariable Calculus
- Probability
- Statistics
- GRE or GMAT
- TOEFL or IETLS
- Application fee $150.00 USD
Short-answer questions
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?
Optional
How has the world you come from shaped who you are today? For example, your family, culture, community, all help to shape aspects of your life experiences and perspective. Please use this opportunity if you would like to share more about your background.
Video question
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
- 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!
- All MFin applicants will be prompted to respond to a randomly generated, open-ended question.
Letters of recommendation
MFin applicants must submit three letters of recommendation.
- One letter must come from someone who can speak to your quantitative abilities.
- If you are a current student, you should submit two letters from your current school and one letter from a recent internship, preferably from a previous supervisor.
- If you are working full-time, one letter of recommendation should come from your most recent employer and another letter of recommendation from an academic source, preferably a previous professor. The third recommendation can be either academic or professional.
Please choose recommenders who are able to provide specific answers to the following questions:
- How long and in what capacity have you known the applicant?
- How does the applicant stand out from others in a similar capacity?
- Please give an example of the applicant's impact on a person, group, or organization.
- Please give a representative example of how the applicant interacts and communicates with others, including peers and superiors.
- Please give an example of how the applicant has synthesized and executed on an assigned task and/or mastered new material.
- Which of the applicant's personal or professional characteristics would you change?
- Please tell us anything else you think we should know about this applicant.
Curriculum
Core requirements
Required action learning
Restricted electives
