The MIT Master of Finance (MFin) is one of the most sought-after finance programs worldwide. It’s designed for recent graduates and early-career professionals who want to build strong skills in finance and data-driven decision-making. For the 2025–2026 academic year, the tuition is $93,834 for the 12-month track and $128,820 for the 18-month track. Since the program is a big investment, it’s important to look at the full picture. In this blog, we cover the MIT MFin fees, living expenses, scholarships, and ROI to help you plan better.
Tuition cost for the MFin program for the 2025-2026 academic year is $93,834 for 12 months and $128,820 for 18 months
These tuition fees cover instruction, access to career development services, MIT facilities, and other academic resources. Keep in mind that tuition fees are reviewed annually and may increase slightly from year to year. It’s crucial to consult the MIT Sloan official website for the latest figures before applying.
MIT does not charge different tuition rates for domestic and international students. Everyone pays the same, making financial planning easier for international applicants.
| Fee Component | Cost ($) |
| Fees (12 Months) | $93,834 |
| Fees (18 Months) | $128,820 |
Every element of your tuition feeds into making you career-ready for top-tier jobs in the financial world.
Studying at MIT means living in Cambridge, Massachusetts—one of the most intellectually vibrant cities in the world. Home to both MIT and Harvard, Cambridge offers unmatched access to innovation hubs, cultural diversity, and academic energy. But along with the MIT MFin fees, you’ll also need to factor in the high cost of living, as Cambridge is one of the more expensive student cities in the U.S., especially for rent and daily expenses.
To help students plan their finances, MIT provides an estimated cost of living for one academic year. Below is a breakdown of typical annual expenses for an MFin student:
| Expense Type | Estimated Monthly Cost | Annual Cost (12 months) |
|---|---|---|
| Housing & Utilities | $1,600 | $19,200 |
| Food | $600 | $7,200 |
| Transportation | $120 | $1,440 |
| Health Insurance | — | $3,200 |
| Personal Expenses | $300 | $3,600 |
| Books & Supplies | — | $1,000 |
| Total | ~$35,000 - $37,000 |
MIT Sloan understands that pursuing a world-class degree like the MFin program is a significant financial commitment. With MIT MFin fees ranging from $93,834 for the 12-month track to $128,820 for the 18-month track, the costs can feel overwhelming for many applicants. To help ease this burden, the school offers a variety of funding options for both domestic and international students. Here’s an in-depth look at the financial aid and scholarships available.
These fellowships are awarded automatically during the admission process—no separate application is required. They are based on a holistic review of the candidate’s profile, including academic excellence, leadership potential, and professional achievements. These awards vary in amount and are intended to recognize the most promising candidates across the applicant pool.
MIT Sloan also offers endowed fellowships funded by alumni and donors. These fellowships often come with specific eligibility requirements. Notable examples include:
Assists graduate students with tools, planning, and connections to university-wide funding sources.
Some MFin students may secure hourly-paid roles as TAs or RAs. These are competitive and limited.
Source: MIT MFin Scholarship official Page
If you're an international student at MIT on an F-1 visa, you're legally allowed to work up to 20 hours per week during academic semesters—but only in on-campus jobs. During official school breaks (summer, winter), you can work full-time on campus.
Common On-Campus Jobs for MFin Students
MIT’s job portal and career services often list available positions for graduate students. However, jobs are competitive, so apply early.
International students admitted to the MIT MFin program typically enter the U.S. on an F-1 visa. Understanding visa regulations is crucial for planning internships, part-time work, and post-graduation job opportunities. Here are the key work-related rules you need to know:
Sticking to these rules keeps you safe from any visa trouble under USA immigration laws. LBS also has a visa team that can answer questions if you’re not sure whether a job fits the rules.
Getting accepted into MIT Sloan is a thrill until the MFin tuition bill hits. That’s when reality sets in and most students start asking: "Will this investment pay off?"
For most MIT MFin grads, the answer becomes clear pretty fast. Right after graduation, median base salaries hover around $120,000, with sign-on bonuses averaging $25,000. Within a few years, many graduates cross the $150,000+ mark as they move into senior roles or switch into high-paying sectors.
Where MIT MFin grads typically go:
Most students find their MIT MFin fees and living costs repaid within 2–4 years, thanks to high salaries and bonuses. But what really makes the program worth it is more than money—it’s the STEM OPT extension, access to elite global careers, and a lifelong network rooted in MIT’s brand.
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Conclusion
The MIT MFin program offers more than just academic excellence—it’s a gateway to global finance careers, strong ROI, and elite networks. While the MIT MFin fees and the cost of living in Cambridge are substantial, the high post-graduation salaries, strong placement rates, and extended STEM OPT make it a smart investment for ambitious professionals. With scholarships, on-campus job options, and a brand that opens doors worldwide, MIT ensures that cost doesn’t become a barrier for top talent. If you're ready to invest in a high-impact finance career, MIT MFin offers the value, credibility, and career boost to make it worthwhile.
For the 2025–2026 academic year, tuition is $93,834 for the 12-month track and $128,820 for the 18-month track. This covers all required courses and materials.
Students typically spend $27,000–$30,000 per year on housing, food, transport, and personal expenses in Cambridge, Massachusetts. Actual costs may vary depending on lifestyle.
Yes. MIT Sloan offers merit-based scholarships and fellowships to selected students. External funding and private loans are also common options to manage costs.
Including tuition and living expenses, the total cost is around $120,000–$160,000, depending on whether you choose the 12-month or 18-month track and your lifestyle.
