Sloan School of Management – MIT - Master of Finance
MIT Sloan Master of Finance Program Structure
The MFin program at the MIT Sloan School of Management is an 12-to-18 month STEM focused specialized masters program. The 12-month option is for applicants who wish to earn their degree in a more timely manner, while the 18-month option allows students to be more flexible with their schedule and complete an optional internship during the second year.
The program begins in July, regardless of which length of time students wish to earn their degree. During the program, all students receive CDO advising and advice for full-time recruiting, in addition to completing a required action learning segment.
After completing the mandatory orientation sequence in July, students begin the summer semester with required foundational courses, of which include: Finance Theory; Corporate Financial Accounting; Financial Mathematics; and/or Advanced Mathematical Methods for Financial Engineering.
The fall term (September to December) features required advanced subjects, action learning, and the beginning of elective coursework. Elective work is centered around concentration options, of which students are allowed to take only one during their time in the program. The concentration options are: financial engineering; capital markets; and corporate finance.
The spring term (February to May) features mostly elective courses and the option to complete a Master’s Thesis. Those in the 18-month track continue their education through the following summer and fall terms, which include an optional internship opportunity and more time to complete their thesis.
The most recent MIT Sloan MFin class features 116 students from 30 countries. Among these students, 42 percent are women. The class work experience average is 14 months.
The typical GMAT range for the class is 700-770, and the undergraduate GPA is 3.76. Most students (34 percent) enroll with a math and science education background, while 30 percent of the class studied business, 22 percent studied economics, and 11 percent studied engineering.
A reported 99 percent of MFin graduates from MIT Sloan earned full-time employment offers within six months of earning their degree, with 100 percent of 18-month track MFin students accepting an internship offer. Around 75 percent of those who undertook an internship in the program accepted a full-time job offer from the company.
The median post-graduate salary of U.S. students is $95,000, while international grads can expect to earn around $85,000.
Tuition, Scholarships, and Financial Aid
Tuition and fees for the 12-month MIT Master of Finance is currently $85,807, while those in the 18-month track will pay $118,177. These figures do not include estimated living and personal expenses, which may greatly vary.
A limited number of fellowship and scholarship opportunities may be available for MIT MFin applicants. More details can be found on the MIT financial aid website. MFin applicants may be able to finance their education with personal savings, private, and federal loans, depending upon their country of residence.
In order to apply to the MIT Master of Finance, applicants must submit:
• Official transcripts
• A one page résumé
• A written essay
• A 60-second video essay
• Three letters of recommendation
• GMAT/GRE scores (those with a GPA above 4.2 are not required to submit scores)
• Proof of English proficiency (if necessary)
• $150 application fee (waived for select applicants)
• A completed application
Application deadlines are as follows:
Jan. 3, 2020