Explore the MIT MFin Review

Massachusetts Institute of Technology (MIT) is one of the world’s most prestigious institutions, known for its groundbreaking research, innovative programs, and global reputation for excellence. As a hub for technology, science, and business, MIT continues to attract the brightest minds from around the globe. The MIT MFin program, offered by the MIT Sloan School of Management, is designed to develop future leaders in the financial world. This blog explores key aspects like class profile, salary outcomes, employment rates, and tuition fees to help you decide if this program is the right fit for you.

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Explore the MIT MFin Review

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Explore the MIT MFin Review

7 minutes

🎯Key Takeaways – MIT MFin

✅ Program Overview: Highly selective 12–18 month program blending theory, analytics & practice.

✅ Class Profile: 118 students, 29 countries, 93% international, 42% women, 92% STEM backgrounds.

✅ Admission Stats: Median GRE Quant score is 170, showing academic rigor and competitiveness.

✅ Tuition Fees: $85,136 for 12 months, plus living, healthcare & other student expenses.

✅ Career Outcomes: Avg base salary $105K plus bonuses; top jobs in IB, PE, and fintech.

Introduction

Are you considering pursuing a Master of Finance (MFin) at MIT? The MIT Sloan School of Management offers one of the most prestigious MFin programs, designed to prepare students for a thriving career in finance. With a rigorous curriculum, unparalleled faculty, and access to a powerful network, the MIT MFin program stands out as a top choice for aspiring finance professionals. In this blog post, we'll delve into the key aspects of the program, including the class profile, employment statistics, average salary, and tuition fees, to help you make an informed decision.

Tuition Fees	$93,834 for 12 months $128,820 for 18 months
Program Length	12-18 Months
Program Deadline	Application Deadline: January 5, 2026 Decision Released: March 10, 2026
Application Fees	$250

For a detailed, see our guide on MIT MFin Fees.

Class Profile of MIT MFin

The MIT Master of Finance (MFin) program is one of the top finance degrees in the world. It brings together bright students from many countries, making the class very international and diverse. Each year, around 40% of the students are women, and most have strong backgrounds in math, economics, or engineering. The program is known for being selective, and students usually have excellent academic records. A strong score in tests like the MIT MFin GMAT is an important part of admission, as it shows the high level of skill and preparation needed to succeed in this rigorous program.

Category	Stats
Class Size	118
Undergraduate Majors	Science/Mathematics: 31% Computer Science: 19% Economics: 19% Business: 17% Engineering: 13% Other: 1%
Countries Represented	29
International Students	93%
Women	42%
STEM Undergraduate Degree	92%
Average Work Experience	13 months (includes internships)
Applied While in School	69% (Applied during undergraduate/graduate studies)
Academics	Average GPA: 3.88 (on a 4.0 scale) Median GRE Quant Score: 170 GRE Verbal (Middle 80%): 156-167 GRE Quant (Middle 80%): 165-170

The MFin Student Experience-

MIT MFin Rankings

The MIT Master of Finance (MFin) program consistently ranks among the top finance programs globally. According to the QS Business Master’s Rankings 2024: Finance, the MIT MFin program is recognized as one of the leading master's in finance programs

Rankings	Position
QS Business Master’s Rankings 2025: Finance	3
QuantNet 2025 Rankings: Best Financial Engineering Programs	5
FT Ranking Masters in Finance	5

Program and Curriculum of MIT MFin

mit mfin

The MIT Master of Finance offers the experience in 12-month and 18-month formats and combines required courses and electives and also MIT MFin curriculum is very diverse as it provides thr basics as well as advanced foundation to it's students.The exact degree requirements would be completed over three or four semesters. In addition, the 18-month format allows students to complete an internship and some additional coursework in the fall intake.

Finance Theory: This course delves into the fundamental principles of finance, including the time value of money, risk and return, and asset valuation.
Financial Mathematics: Students learn advanced mathematical techniques used in financial modeling and analysis.
Financial Accounting: This course provides a solid grounding in accounting principles and practices, essential for analyzing financial statements and making informed financial decisions.
Data Science and Machine Learning: An introduction to data science methods and machine learning techniques applied in financial contexts.

Electives

The program offers a wide range of electives that allow students to tailor their education to their specific interests and career goals. These electives cover various advanced topics in finance and related fields, such as:

Derivatives Markets
Fixed Income Securities
Quantitative Investment Strategies
Risk Management
Corporate Finance

Research Centres

The MIT Sloan School of Management is home to several renowned research centers that support the MFin program by providing students with opportunities to engage in cutting-edge research and practical applications of finance theories. Notable centers include MIT Laboratory for Financial Engineering (LFE), MIT Center for Finance and Policy (CFP), MIT Golub Center for Finance and Policy (GCFP).

The Impact of Action Learning

Fees & Financing

The MIT Master of Finance services (MFin) program involves several costs, including tuition, application fees, and other mandatory fees. Below is a detailed breakdown of these expenses:

Tuition Fee for 18 months	$124,875
Tuition Fee for 12 months	$91,250
Health insurance for 18 months	$3,237
Health insurance for 12 months	$3,237
Application fees	$250

Note: Cost of Health Insurance (unless waived): $3,237 ($1,349 fall/$1,888 spring).

Employment Upon Graduation

mit mfin

The MIT Master of Finance (MFin) program boasts impressive employment statistics for its graduates. The program's strong industry connections and rigorous curriculum prepare students for successful careers in finance. Here are some key MIT MFin 2023-2024 Employment Report outcomes:

Average salary MFin 2024	$125,354
Offer accepted upon three months of graduation	93.2%
Offer received upon three months of graduation	98.3%
Reporting rate	99.2%
Post-program job locations	USA 61.9% ASIA 20.4% EUROPE 16.8%
Post MFin industries	Finance 80.0% Consulting 16.5% Other 3.5%

Know more at: Career Resources | MIT MFin

MIT MFin Application: Essays & Interview

Each applicant must submit MIT Master of Finance essays. This is your opportunity to help reviewers better understand your academic objectives and determine if you are a good match for the field you are applying for.

Essays

The application process for the MIT Master of Finance (MFin) program includes a set of essays that provide candidates with the opportunity to showcase their experiences, goals, and fit for the program. The essays are a crucial part of the application, allowing the admissions committee to understand each applicant's unique background and aspirations. As of the latest application cycle, the required essays include:

Essay 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.

Essay 2

What personal qualities will enable you to contribute to the advancement of our mission?

Essay 3

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!

Essay 4

All MFin applicants will be prompted to respond to a randomly generated, open-ended question.

Interview Questions

The interview is an important component of the MIT Master of Finance application process. It is typically conducted by invitation only, following a review of the submitted application materials.

Who attends the MIT MFin program:

Strong Quantitative and Analytical Skills
Students need to be adaptable and resilient, able to manage the workload effectively
Students should be enthusiastic drives motivation and engagement throughout the program
Ability to work well in teams and exhibit leadership qualities is highly valued
Strong written and verbal communication skills are essential for articulating complex financial concepts clearly and concisely
Critical thinking and problem-solving skills are vital

Why MIT is Unique?

Is MIT MFin worth it? The MIT Master of Finance program is a unique program that provides students with an eminently balanced education while also offering access to a global network of alumni.

Innovative Research and Education: MIT Sloan integrates cutting-edge research with practical application, ensuring students are prepared to tackle real-world challenges with innovative solutions.
Interdisciplinary Approach: The collaborative environment at MIT encourages interdisciplinary learning, combining insights from various fields to solve complex problems.
Entrepreneurial Ecosystem: MIT Sloan supports entrepreneurship through resources like the Martin Trust Center for MIT Entrepreneurship, helping students transform ideas into successful ventures.
Global Impact: MIT Sloan is committed to making a global impact through initiatives focused on sustainability, healthcare, and social innovation.
World-Class Faculty and Alumni: The faculty includes leading experts and researchers, and the alumni network is filled with influential leaders in business, academia, and government.
State-of-the-Art Facilities: The campus boasts advanced facilities, providing students with the tools and environments needed for high-level research and learning.
Culture of Collaboration and Inclusion: MIT Sloan promotes a culture that values diversity, inclusivity, and teamwork, creating a supportive and dynamic learning environment.

Useful Links

How to Apply	How to apply to the Master of Finance (MFin) program
Application Deadlines	Admissions
Costs & finance	Financing Your Education
Admissions events	Events
MIT Alumni	Alumni Network
Contact	mfinadmissions.mitsloan@mit.edu +1.617.258.5434 50

Conclusion

MIT Mfin is an excellent program to target if you are interested in a global finance career. MIT is already considered one of the best universities, if not the best in the world. The Sloan School of Management at MIT is a top colleges in USA for MS in Finance. Ranking among the top 3 business schools, the MIT Master of Finance program at MIT Sloan is targeted by several students.

Know Your Author

Abhyank Srinet

Study Abroad Expert

Abhyank Srinet, the founder of MiM-Essay, is a globally recognized expert in study abroad and admission consulting. His passion is helping students navigate the complex world of admissions and achieve their academic dreams. Abhyank earned a Master's degree in Management from ESCP Europe, where he developed his skills in data-driven marketing strategies, driving growth in some of the most competitive industries.

Abhyank has helped over 10,000+ students get into top business schools with a 98% success rate over the last seven years. He and his team offer thorough research, careful shortlisting, and efficient application management from a single platform.

His dedication to education also led him to create MentR-Me, an AI-powered platform that offers personalized guidance and resources, including profile evaluation, application assistance, and mentoring from alumni of top global institutions.

Continuously adopting the latest strategies, Abhyank is committed to ensuring that his clients receive the most effective guidance. His profound insights, extensive experience, and unwavering dedication have helped his clients securing of over 100 crores in scholarships, making him an invaluable asset for individuals aiming to advance their education and careers and leading both his ventures to seven-figure revenues.

Is it possible to finish the MFin program part-time?

The MFin program is a full-time, residential program that takes 18 months to finish. However, applicants might choose to speed up the program and finish it in as little as 12 months.

What is the program's schedule like?

The MIT MFin program emphasizes a foundation in how markets work and is built around sophisticated financial theories, quantitative models, and industry practices. You will have some scheduling freedom, but you should plan on taking four to six lessons per week. In addition, there are two lectures and a recitation in each class.

What is the difference between the 18-month and 12-month formats in terms of timeline? Are the requirements for each degree the same?

Each format has identical degree requirements; the only change is the timing. The 18-month program includes four academic terms (summer, fall, spring, and fall) and the option of doing a summer internship and graduating in February. Students who want to accelerate in 12 months living in residence for the summer and two academic terms (autumn and spring) graduate in June. Undergraduates at MIT who have completed specific Course 15 work may be able to finish the program requirements throughout the autumn and spring semesters.

When should I make my concentration decision?

We’ll ask if you’d like to pursue a concentration in the MFin program, which is optional at the time. If you are considering a concentration, you should organize your courses accordingly before the first autumn term bidding period, but don’t worry; dedicated MFin program advisors can assist you! Keep in mind that pursuing a concentration is entirely up to you.

How long is the MIT Master of Finance program?

The MIT Master of Finance program gives you two options — a 12-month track for students who want to graduate quickly and an 18-month track if you’d like extra time for internships or electives. Both offer the same core curriculum and degree.

What GPA do I need to get into the MIT Master of Finance?

Most admitted students to the MIT Master of Finance have an undergraduate GPA of 3.6 or higher. However, MIT takes a holistic approach — strong quantitative coursework, leadership experience, and clear career goals can balance a slightly lower GPA.

What’s the average salary after completing the MIT Master of Finance?

Graduates from the MIT Master of Finance program earn an average base salary of around $120,000–$130,000 per year, with many also receiving signing bonuses. Within a few years, alumni often move into high-paying roles in investment banking, asset management, and tech finance.