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 Academic Calendar for key dates.
|Academic Year 2014–2015|
Tuition and fees: Summer/Fall/Spring
|Books and Supplies*||$2,689|
|Personal (incl. medical insurance)*||$6,820|
*Students who are permitted to waive the summer term will pay a fall and spring tuition rate of $61,604.
Support typically includes personal savings, loans, fellowship/scholarship award, government or employer sponsorship, or some combination of these. For information about financial aid options, visit MIT Student Financial Services.
Master’s MFin Fellowships
A limited number of Master’s MFin Fellowships are available and are awarded to admitted candidates of all citizenships and academic backgrounds. All admitted candidates are considered for these fellowships. Fellowships are awarded to individuals with outstanding academic records, personal achievements, and professional promise. Further consideration will be given to candidates who enhance the geographic diversity of the MFin class.
Instituto Ling is a non-profit association founded in 1995 by the Ling family, in Porto Alegre, Brazil. Its mission is to contribute to the social, economic and cultural development of Brazil, by creating opportunities through investing in education, and its proposal is to support young Brazilians who demonstrate leadership potential and adherence to capitalism, free markets, and the rule of law principles In 17 years of activities, Instituto Ling has invested more than US$ 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.firstname.lastname@example.org or www.institutoling.org.br.
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.
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
“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.”
“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.”
“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!”
“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.”
“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.”
“We are very much an action-learning environment. The way to learn leadership is not only through reading cases, not only through learning theory — in fact we don’t want people to regurgitate the theory. We want people to take theory and to live it, use it.”
"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."
“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.”
“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.”
“You could talk about watershed management and conservation of energy all you want. But until you put numbers to it and financial analysis to it, you’re not going to get much done. I came to business school to speak that language, speak with people in terms of numbers, financial numbers so that I can get projects done.”
“[The India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”
“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 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.”
“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.”
"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."
“Getting an education from MIT is like taking a drink from a fire hose.”