Residency, Tuition, and Funding

Residency and Enrollment

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 Academic Calendar for key dates.




  Summer    Fall            Spring       12-month Total Fall            18-month Total
Tuition  $15,500  $30,175  $30,175  $75,850  $24,500  $100,350
Housing  $3,350  $7,538  $7,537  $18,425  $7,538  $25,963
Food  $1,116  $2,510  $2,510  $6,136  $2,510  $8,646
Books & supplies  $511  $1,150  $1,150  $2,811  $1,150  $3,961
Personal  $1,302  $2,930  $2,930  $7,162  $2,930  $10,092
Transportation  $609  $1,371  $1,370  $3,350  $1,370  $4,720
Computer  $2,000  $0  $0  $2,000  $0  $2,000
Total Budget  $24,388  $45,674  $45,672  $115,734  $39,998  $155,732


* 18-Month total includes tuition for final term, and one extra term of living allowances, based on 2015-2016 costs (2016-2017 tuition and related costs have not yet been published by the Institute)


Support typically includes personal savings, loans, fellowship/scholarship awards, 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

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 candidate's resume, GMAT results, admission letter from the university, and the application, including essays. The candidate must inform Instituto Ling of his or 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 or

Legatum Fellowship

The Legatum Center at MIT administers a competitive Legatum 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. 

Kennedy Memorial Trust Scholarship

The Kennedy Memorial Trust provides scholarships to British post-graduates to pursue their studies at MIT and/or Harvard. The Kennedy Scholarship is an academic award used to fund a wide variety of academic programmes. Scholars use the opportunity to deepen their expertise in their field. Those applying for awards must be all of the following:

  • British citizens at the time of application
  • Ordinarily resident in the UK
  • Wholly or mainly educated in the UK

For additional information and application deadline: Kennedy Memorial Trust

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.

SWITZER FELLOWSHIP WINNER JASON JAY Focusing on environmental research and leadership

 “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.”

Jason Jay
Lecturer, Sustainability, MIT Sloan
G-LAB: MERCY CORPS, INDONESIA Using business principles to address malnutrition

“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!”

Libby Putman
MIT LEADERSHIP CENTER Changing views of leadership

“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.”

Deborah Ancona
Faculty Director, MIT Leadership Center
G-LAB: PRIVATE HEALTH CARE IN AFRICA Defining growth at a for-profit clinic

“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.”

Anne Reilly
INSTITUTE FOR WORK AND EMPLOYMENT RESEARCH Adapting to the changing nature of work

“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.”

Thomas Kochan
Co-director, IWER
COURAGE AND STRENGTH Supporting a student with breast cancer
"The Sloan community really rallied around me in a way that I totally didn’t anticipate. … It was just really nice to be a part of a community that I was totally comfortable in and felt completely supported by."
Kyle Maner
G-LAB, RAS RESORT, INDIA Marketing in Mumbai
"The project was really interesting because the scope changed a lot. We started focusing in one goal, then we changed to another, then we changed to another, all before we even left Cambridge."
Gerardo Guzman
G-LAB, KUALA LUMPUR Assessing the future of the Smart Card
"You have to manage what you can deliver for the company and what the company is expecting. The bottom line is that the CEOs of those companies want results. Even though we have to work five months in a row with the project, we have to deliver. This experience is more pragmatic than academic. It's a good opportunity to match those two worlds."
Camilo Syllos
S-LAB: JAKARTA WATERSHED Combating a clean water crisis

“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."

Ian Lavery
RETAIL AND CONSUMER GOODS Luxury beauty and the multicultural consumer
"The goal of the Retail and Consumer Goods Club is to provide networking opportunities for students at MIT Sloan, and to educate students about different functions within the retail and CPG space. We bring in executive-level speakers to educate our community on this topic."
Nga Phan
MBA, co-president of Retail and Consumer Goods Club
G-LAB: NAM MEE BOOKS, THAILAND Helping a book publisher mature

“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.”

Lia Cavalcante
MSTIR MIT Sloan Teaching Innovations Resources
"MIT is not only a first-class institution in studying entrepreneurship, but in creating it and fostering it. A huge number of companies have emerged from MIT, not just MIT’s science and engineering schools, but also from collaborative projects between the science and engineering and the Sloan school."
John D. Sterman
Jay W. Forrester Professor of Management
SLOAN FELLOW Merging disciplines for climate change
"I needed to get a better understanding of the interaction of management and technology. And I think MIT is an obvious place for that. There’s probably no better place in the world [for learning] how technology and management interact."
Pascal Marmier
G-LAB: AIDS IN TANZANIA Striving for economic empowerment

“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.”

Krishna Venugopalan
INDIA LAB: BANGALORE Working toward market expansion

“These companies are really excited to work with MIT students.They reach out to the community to set up these projects and are great to work with. They give us access to all their resources and are very open to us.”

Katie Baron
SLOAN FELLOW Getting serious about going global
"This year we were so fortunate to have 26 nationalities. So it was amazing exposure. I feel much more well rounded as a global business maker than I was before."
Abner Oliviera
G-LAB: WARMBATHS HOSPITAL, SOUTH AFRICA Improving staffing at a maternity ward

“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.”

Kelsey McCarty
INDIA LAB: EDUCATIONAL ENHANCEMENT Creating employable workers to boost the economy

“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.”

Ted Chan
MFIN STUDENT TAKE Collective Brainpower

"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."

Tiffany Wetherell
LEADERS FOR GLOBAL OPERATIONS Connecting management and technology
“[LGO students] get the advantage of a small cohort that they take many courses with. But they’re also part of the larger community. They’re part of MIT, of MIT Sloan, of the MBA program. They’re part of the core program that meets every fall, they’re part of the engineering committee; they get the benefits of both the larger community and the small cohort.”
Don Rosenfield
Senior lecturer and director of the Leaders for Global Operations
G-LAB: INTERGRUPO, COLOMBIA Growing a business by cultivating relationships

"After we gave our recommendations, the great part was that the very next day the CEO was in the boardroom implementing them with his top vice presidents."

Ramy Hakim
$100K 2010 WINNERS: C-CRETE TECHNOLOGIES Reducing the environmental impact of concrete

“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.”

Natanel Barookhian
CENTER FOR INFORMATION SYSTEMS RESEARCH Bringing people and machines together

 “For 35 years, we’ve been studying how companies get value from information. … We try to help organizations take a more holistic view of what they are trying to do.”

Jeanne W. Ross
Director and Principal Research Scientist, CISR

"The demand that we’re trying to fill is for specialized people, professionals in the financial industry, ranging from managers, traders of hedge funds, and risk managers at major financial institutions."

- Jiang Wang
Mizuho Financial Group Professor