“I’m interested in learning how to run a company financially. I want to go back and contribute.”
Residency, Tuition, and Funding
MFin students are required to enroll in the MFin Summer term as well as two regular terms of full-time graduate study.
MIT students who have taken both 15.401 and 15.402 prior to enrollment in the MFin program may be permitted to waive the Summer term and will not be required to pay summer tuition. Please see the MFin Academic Calendar for key program dates.
|Academic Year 2014–2015|
Tuition and fees: Summer/Fall/Spring
|Books and Supplies*||$2,247|
|Personal (incl. medical insurance)*||$5,775|
*Expenses are estimates for the academic year 2013–2014 and will be updated as more information becomes available.
Support typically includes personal savings, loans, fellowship/scholarship award, government or employer sponsorship, or some combination of these. For information about financial aid options, visit MIT Student Financial Services.
Master’s MFin Fellowships
A limited number of Master’s MFin Fellowships are available and are awarded to admitted candidates of all citizenships and academic backgrounds. All admitted candidates are considered for these fellowships. Fellowships are awarded to individuals with outstanding academic records, personal achievements, and professional promise. Further consideration will be given to candidates who enhance the geographic diversity of the MFin class.
Instituto Ling is a non-profit association founded in 1995 by the Ling family, in Porto Alegre, Brazil. Its mission is to contribute to the social, economic and cultural development of Brazil, by creating opportunities through investing in education, and its proposal is to support young Brazilians who demonstrate leadership potential and adherence to capitalism, free markets, and the rule of law principles In 17 years of activities, Instituto Ling has invested more than US$ 3.1 million to partly finance costs of MBA, MPA, LLM and Master courses in Journalism in some of the most reputable universities in the world, including MIT Sloan School of Management - seven of our MBA fellows graduated at this school.
Instituto Ling’s fellowships are open to all Brazilian students who have been approved to the top schools. Documents required are the candidates’ CV, GMAT results, admission letter from the university, and the application, including essays. The candidate must inform his/her family’s financial condition, in order to prove the real necessity of funding. The candidate’s leadership skills and affinity to Instituto Ling’s values are also evaluated. For further information, please contact us at Instituto.email@example.com or www.institutoling.org.br.
The Legatum Center at MIT administers a competitive fellowship program for incoming and current MIT graduate students, across all academic and professional disciplines. Candidates must demonstrate the potential to create innovative, sustainable, for-profit enterprises that promote prosperity in low-income countries and must be committed to implementing their business plans upon graduation. The application deadline is typically in early February. For information, please visit this website.
Kuwait MFin Fellowship
The Kuwait MFin Fellowship was established by a private donor and provides partial tuition for MFin students from Kuwait. To be considered for this scholarship, you must demonstrate financial need. For more information, please contact the MIT Sloan Admissions Office.
USLO Minority Student Entrepreneur Scholarship
Minority student entrepreneurs who want to or have already started a business are eligible for this $1000 scholarship. Students must be in high school or full-time undergraduate or graduate students in a U.S. college. The deadline is April 15th. More information is available online: http://www.usleaseoption.com/scholarship.php
“I knew about American business, but not enough about what’s really become a global economy. … You can read about it all you want, but there’s no substitute for being there and seeing the context and seeing how completely different these [other countries] are.”
“One of the reasons I came to Sloan was because I wanted to be at a top MBA institution worldwide. But I also wanted access to working with the latest innovations and the highest technology that was coming out of the MIT labs.”
“Our mission, along with the mission of MIT Sloan, is to both develop leaders who make a difference in the world, and also to make a contribution to thinking about the topic of leadership.”
"The relationships that we forged helped us to turn out a better project. We were able to test our hypotheses with the people that we spoke with every single day. And really, I think the friendships that you develop really propel the work that you’re doing."
“The concept behind enterprise architecture is that you have all these machines, you have all these business processes, you have all these people doing things, how do you make sure they all come together and achieve business objectives that make you more competitive.”
“The conditions in the neighborhoods we were visiting were different than what we realized before getting there. Beyond that, what was surprising was that there weren’t surprises!”
“I came to Sloan because of its high rankings within the sustainability community, specifically the professors. The S-Lab class itself is part of what drew me to Sloan. And the reason I came to business school was to learn the business speak that really is what connects with people."
“We’re very interdisciplinary. Among the faculty in the group are an economist, a political scientist, a sociologist, and an industrial relations specialist. We’ve always made a big effort to be open to a variety of perspectives, but also to go beyond being open to them, to want to bring them in, because it makes for a richer environment.”
“I can honestly say that when I was planning on coming to business school I never thought that witnessing the birth of a child would be included in the education. It was definitely an experience.”
“I love being in a place that is such a nexus of people and ideas — people coming to learn something new and to define themselves. Being a part of that process is a real honor and a real gift.”
“Because of the diversity of our backgrounds, when we hit the ground in Tanzania it almost was a natural play where different people assume different roles.”
“At MIT Sloan you have a lot of opportunities to explore entrepreneurship. Especially in a place like Kampala where you have a lot of development, entrepreneurship can be very exciting.”
"The classroom itself is filled with so much collective brain power . . . it's obvious that I'm caught up in a room full of 124 of the brightest, most curious people from around the world."
“[The India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”
“It was really rewarding that they wanted to know what we thought. We left there being fairly certain that they will do some of the things that we suggested.”
“We’ve always made a big effort to be interdisciplinary and to be open to a variety of perspectives, but also to go beyond being open to them, to want to bring them in, because it makes for a richer environment.”