Master of Finance

Financing Your Education

MFin students are required to enroll in the MFin summer term as well as three 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.

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Academic Year 2022-2023

  12-Month 18-Month (+Fall 2024)
Tuition & fees $87,600 $120,400
Student life fees $406 $609
Housing $12,380 $18,570
Food $7,010 $10,515
Books & supplies $880 1,320
Personal $2,304 $3,456
Computer (one time cost) $2,000 $2,000
Total $112,580 $157,870

*Please see the Academic Calendar for key dates
*The $3,000 deposit payment will be applied to the 2023 Fall Term Tuition

NOTE: MIT Sloan matriculates the most promising MFin candidates regardless of financial circumstances.

Financing Your Education

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.

MIT Sloan offers a number of MFin students teaching and research assistantships that vary in workload and compensation. While helping students cover their expenses, these competitive positions offer outstanding exposure to the school's educational research programs. Responsibilities may include working one-on-one with students, assisting in research, and grading assignments and examinations.

Available Fellowships
A limited number of 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 promises. Further consideration will be given to candidates who enhance the geographic diversity of the MFin class.

Additional scholarship and fellowship opportunities