MIT Sloan Master of Finance (MFin)
- Masters Experts
- 13 minutes ago
- 18 min read
The Master of Finance (MFin) program at the MIT Sloan School of Management is widely recognized as one of the most rigorous and prestigious finance master’s programs in the world. Located in the heart of Cambridge, Massachusetts, and embedded within the innovation ecosystem of MIT, the MFin combines analytical intensity with real-world impact—preparing students to lead in today’s complex financial environment.
Table of Contents:
Introduction to the MIT Sloan Master of Finance Program
Designed for high-achieving, quantitatively strong professionals and recent graduates, the program offers two format options: a 12-month and a 18-month track. Both formats provide a powerful foundation in finance, enriched by elective flexibility, applied learning, and access to world-class faculty from both MIT Sloan and the broader MIT community.
MIT Sloan’s approach to finance education is rooted in data science, financial engineering, and systemic risk analysis, reflecting the institution’s strengths in STEM and analytics. It’s not just about theory—the MFin curriculum is designed to be adaptive, technical, and aligned with global market demands. Students have opportunities to work with actual financial data, engage in research with MIT faculty, and complete action learning projects that solve real-world financial challenges.
Graduates of the MFin program consistently land roles in investment banking, quantitative trading, asset management, private equity, fintech, and central banking. They join a global alumni network that includes Nobel Prize winners, tech founders, and senior executives in finance and policy.
With its strategic location near Wall Street and proximity to cutting-edge research labs and venture capital firms, MIT Sloan offers an immersive experience that blends innovation, financial expertise, and unparalleled professional access.
Whether your goal is to work on the buy side, lead risk management at a global institution, or develop AI-powered fintech solutions, the MIT Sloan MFin program provides the tools, training, and network to turn that vision into a career reality.
Program Duration and Format Options of MIT Sloan Master of Finance (MFin)
One of the most appealing features of the MIT Sloan Master of Finance (MFin) program is its flexible structure. MIT offers two distinct formats—a 12-month accelerated track and an 18-month extended track—allowing students to tailor the experience based on their academic background, career objectives, and internship goals.
Two Format Options: Choose Your Path
Track | Duration | Best For |
12-Month Track | July to June | Candidates with prior finance experience or advanced quantitative backgrounds aiming for a quick return to the industry. |
18-Month Track | July to December (following year) | Ideal for students seeking internships, career pivoting, or more academic depth before graduation. |
Both tracks begin with pre-term preparation and a summer semester, including foundational finance, accounting, and analytics courses. Students then progress into core modules, electives, and experiential learning.
Why Choose the 12-Month Format?
Condensed curriculum for early-career professionals or finance-ready graduates
Faster return to the workforce—graduates are ready for summer or fall recruitment cycles
Focused on those who already hold internship experience or relevant job exposure
Same access to faculty, resources, and recruiting as 18-month students
Why Choose the 18-Month Format?
Additional time for career exploration and skill-building
Opportunity to complete a summer internship (a major advantage for career switchers or international students)
More time to take electives and explore research opportunities or certificate tracks
Better preparation for highly competitive roles in investment banking, private equity, and global markets
Global Recruitment Alignment
Both formats are carefully structured to align with global financial recruitment timelines, ensuring that students are prepared for full-time job offers in North America, Europe, Asia, and the Middle East. The program’s July start is intentionally timed to position graduates for fall hiring windows in investment banking and asset management.
Campus Location and Schedule
The MFin program is delivered on campus at MIT Sloan, just across the Charles River from downtown Boston. Classes are held in person, with access to:
Sloan’s career development center
Financial research labs
Guest lectures from industry professionals
Student-led conferences and recruiting events
Regardless of which format students choose, both tracks offer the same MIT MFin degree credential, and both tap into the same global alumni and employer networks.
Curriculum Structure: Core Courses, Tracks, and Electives
The MIT Sloan Master of Finance (MFin) program is designed for rigor, flexibility, and real-world application. Whether you choose the 12-month or 18-month track, you’ll complete a structured core curriculum in finance and analytics, while enjoying the freedom to customize your learning through electives and specialized academic tracks.
Foundational Curriculum: Building the Finance Core
All MFin students begin the program with a summer term that focuses on fundamental finance tools and quantitative techniques. These modules ensure a common skill baseline before diving into advanced electives.
Summer Core Modules Include:
Finance Theory I
Financial Accounting
Introduction to Python and MATLAB
Data Science in Finance
Ethics and Financial Regulation
After the summer term, students continue with advanced core subjects and begin choosing electives.
Required Core Subjects (Fall and Spring)
Core Course | Description |
Finance Theory II | Covers asset pricing and capital markets in depth |
Corporate Finance | Focuses on valuation, capital structure, and payout policies |
Financial Engineering | Applications of stochastic processes, derivatives, and quantitative models |
Fixed Income Securities | Analysis of bonds, interest rate models, and credit risk |
Analytics Edge | Data science tools and modeling applied to finance |
Financial Statement Analysis | Deep dive into interpreting corporate financial reports |
The program balances theory with practical problem-solving, often using real-world data and simulations.
Electives: Customize Your Career Focus
Students select from a wide range of electives offered at MIT Sloan and across MIT. Depending on the format and interest area, students may take 8–12 electives in areas such as:
Finance Electives
Mergers & Acquisitions
Investment Management
Private Equity
Venture Capital
Risk Management
Behavioral Finance
Sustainable Finance and ESG
Analytics & Technology
Machine Learning in Finance
Quantitative Methods for Finance
Financial Technology (FinTech)
Blockchain and Money
Economics and Policy
Global Economic Challenges
Financial Regulation and Policy Design
Leadership and Strategy
Managing Technological Innovation
Strategic Finance for Entrepreneurs
Specialized Academic Tracks (Optional)
To further personalize the experience, students may pursue optional academic tracks such as:
Financial Engineering Track A highly quantitative path focusing on derivatives, stochastic processes, and risk modeling.
Capital Markets Track Emphasizes asset pricing, trading strategies, and investment management.
Corporate Finance Track Ideal for those targeting roles in investment banking, M&A, or CFO offices.
Each track includes recommended core courses, electives, and potential project or research components.
Research and Experiential Learning
Students have access to:
MIT Golub Center for Finance and Policy
Action Learning Labs, where teams solve finance challenges for real companies
Finance Research Practicum, enabling work with hedge funds, banks, and asset managers
Whether you're preparing for a quant fund or advisory desk, the MIT Sloan MFin offers a curriculum that’s not only technically rigorous but also adaptable to global finance careers.
Specializations and Technical Certifications
The MIT Sloan Master of Finance (MFin) program offers more than a comprehensive core curriculum—it empowers students to develop specialized skill sets in high-demand finance areas. Through optional academic tracks, advanced electives, and certification pathways, students can sharpen their expertise for roles in investment management, financial engineering, fintech, or corporate finance.
Optional Academic Tracks: Deepen Your Expertise
While not mandatory, students can follow suggested academic tracks that provide curated electives and applied projects tailored to specific career outcomes. These tracks act like informal concentrations and help position graduates for targeted finance roles.
1. Financial Engineering Track
Focus: Derivatives pricing, quantitative modeling, and stochastic calculus
Ideal for: Quantitative analysts, risk managers, structured products roles
Sample electives:
Advanced Financial Engineering
Computational Methods in Finance
Risk Management in Banking
2. Capital Markets Track
Focus: Investment strategies, asset pricing, and trading
Ideal for: Portfolio managers, traders, asset management professionals
Sample electives:
Security Valuation
Investment Management
Trading and Markets
3. Corporate Finance Track
Focus: Valuation, financial strategy, capital structure
Ideal for: Investment banking, corporate M&A, FP&A, CFO-track roles
Sample electives:
Mergers & Acquisitions
Strategic Corporate Finance
Financial Modeling
Quantitative and Technical Emphasis
MIT Sloan’s MiF program is renowned for its analytical intensity. Students develop hands-on proficiency in:
Python and MATLAB for financial modeling
Machine Learning and AI applications in finance
Statistical tools such as R and Excel for time series and regression
Data visualization using Tableau and cloud-based tools
This technical fluency enables graduates to compete not only for traditional finance roles, but also for positions in quant funds, fintech startups, and analytics-driven firms.
MIT Certifications and Cross-Disciplinary Courses
Students have access to electives and certifications beyond Sloan, across MIT departments such as:
Electrical Engineering and Computer Science (EECS)
Economics
Operations Research Center (ORC)
Media Lab
These cross-listed courses offer exposure to:
Cryptography and blockchain systems
Advanced econometrics
Computational finance algorithms
Climate and sustainability finance
CFA & FinTech Integration
CFA Alignment: The curriculum maps closely to all three CFA levels, and many MFin students prepare for Level I or II during their program.
FinTech and AI: Sloan has dedicated courses and conferences focused on fintech disruption, algorithmic trading, blockchain applications, and ethical AI in finance.
Real-World Validation of Skills
Students can apply their specializations through:
Action Learning Labs
Finance Research Practicum
Capstone Projects with industry sponsors
Internships in summer (18-month track only)
By offering optional tracks and an unmatched range of technical electives, the MIT Sloan MFin program equips students not just to enter the finance industry, but to innovate and lead within it.
Admissions Requirements and Selection Criteria
The MIT Sloan Master of Finance (MFin) program is one of the most competitive finance master’s programs in the world. The admissions process is designed to identify quantitatively strong, intellectually curious, and globally minded candidates who have the potential to lead in the financial services industry and beyond.
Whether you're a recent graduate with a background in economics or engineering, or a young professional aiming to pivot into high finance, understanding the eligibility and evaluation criteria is essential for a successful application.
Who Should Apply for MIT Sloan Master of Finance (MFin)?
MIT Sloan seeks candidates who demonstrate:
Strong quantitative aptitude
Academic excellence (especially in math, statistics, finance, economics, engineering, or computer science)
A clear career vision in finance or adjacent fields
Professional potential (internships, research, or early work experience in finance preferred)
Personal integrity and collaborative mindset
The program is suitable for:
Final-year undergraduates or recent graduates (0–2 years of experience)
Early-career professionals seeking technical depth and career acceleration
Minimum Requirements for MIT Sloan Master of Finance (MFin)
Bachelor’s Degree: In any discipline; strong performance in math and quantitative subjects is key
Standardized Test:
GRE or GMAT required
No official minimum score, but competitive applicants score in the top 10–20% globally
Quantitative section performance is heavily weighted
English Language Proficiency:
TOEFL or IELTS required if undergraduate degree was not taught in English
TOEFL recommended minimum: 100 (iBT)
Application Components
A complete MFin application must include:
Online Application Form
Résumé/CV (1 page recommended)
Essays:
Statement of purpose
Optional essay for additional context
Letters of Recommendation (2)
At least one academic recommender preferred for recent graduates
Academic Transcripts
From all institutions attended
Test Scores (GMAT/GRE, TOEFL/IELTS if applicable)
Application Fee: $150 (fee waivers available for eligible applicants)
Optional but Recommended
Video Interview: An asynchronous, recorded response to preset questions
Quantitative Coursework Evidence: List of relevant classes (calculus, linear algebra, statistics, programming, etc.)
Coding Skills: Experience with Python, R, or MATLAB is a plus
What MIT Sloan Looks For
MIT doesn’t just admit candidates based on test scores—it evaluates applicants holistically for:
Academic rigor
Leadership and teamwork
Clarity of career goals
Alignment with Sloan’s mission
Potential to thrive in a fast-paced, analytically intensive program
Profile Snapshot: Class of 2025
Average GPA: 3.8 (US equivalent)
Average GRE Quant: 167
GMAT Middle 80% Range: 700–770
International Students: Over 90%
Most common majors: Finance, Economics, Engineering, Math, Physics, CS
MIT Sloan looks for candidates who are not only ready to learn but also ready to lead—those who are driven by curiosity, backed by data, and motivated to shape the future of global finance.
Application Process and Important Deadlines
Applying to the MIT Sloan Master of Finance (MFin) program requires careful planning, strong documentation, and a clear demonstration of academic readiness and career purpose. Given the program’s global prestige and highly competitive admissions, candidates are encouraged to apply early and ensure every component reflects their full potential.
MFin Application Rounds – 2024 Cycle
Application Round | Deadline | Decision Notification |
Round 1 | October 2023 | December 2023 |
Round 2 | January 2024 | March 2024 |
Round 3 | March 2024 | May 2024 |
Applications open in August, and the program begins in July the following year.
Tip: Apply by Round 1 or 2 for the best chance at admission and financial aid consideration.
Step-by-Step Application Process
1. Create Your MIT Application Account
Visit the MIT Sloan MFin portal and register to start your application.
2. Prepare Required Materials
Upload the following:
Résumé/CV (limit to 1 page)
Two Essays:
Essay 1: Your interest in finance and the MFin program
Essay 2: Optional—use this to address any academic or professional gaps
Two Letters of Recommendation
Recommenders submit directly via MIT’s platform
Academic Transcripts
Upload scanned copies from all undergraduate and graduate institutions
GMAT or GRE Scores
Valid within 5 years of the application deadline
TOEFL/IELTS Score
Required if your undergraduate instruction was not in English
Quantitative Coursework Summary
A list of math/statistics/programming courses with grades
3. Complete the Video Interview
Shortly after submission, you’ll be asked to complete an online video assessment, which involves responding to 2–3 pre-recorded questions in a timed format.
4. Pay the Application Fee
$150, payable by credit card
Fee waivers available upon request for financial hardship or eligible affiliations
5. Monitor Application Status
MIT Sloan notifies candidates via email. Selected applicants will proceed to the final stage.
Interview Process
Invitation-Only
Conducted virtually by MIT Sloan admissions team
Focuses on your goals, academic fit, problem-solving, and alignment with MFin values
Be prepared to discuss:
Why MIT Sloan
Career goals in detail
Teamwork and leadership experiences
Technical concepts (quant prep may help)
Post-Acceptance Steps
If admitted, you’ll need to:
Submit enrollment deposit
Confirm your program format (12-month or 18-month)
Begin visa processing (international students)
Complete pre-arrival coursework in accounting, Python, and math foundations
MIT Sloan’s admissions process is designed to identify not just those who are ready to study finance, but those who are ready to innovate and lead it. A strong, well-prepared application is your first step into this elite global finance community
Tuition Fees, Scholarships, and Funding Options
Earning a Master of Finance degree from MIT Sloan is a substantial investment—but one that often delivers high returns in both professional advancement and earning potential. Understanding the total cost of attendance, along with funding opportunities, is essential when preparing your application and financial plan.
Tuition Fees for the 2024–2025 Academic Year
Program Track | Tuition |
12-Month MFin | $121,000 USD |
18-Month MFin | $152,000 USD |
Tuition includes:
Core and elective course instruction
Career development resources
Action learning opportunities
Access to all MIT libraries and labs
Note: Tuition does not include health insurance, housing, or living expenses.
Estimated Total Cost of Attendance
Expense Category | Estimated Cost |
Tuition | $121,000 – $152,000 |
Living Expenses (housing, food, transport) | $30,000 – $38,000 |
Books and Supplies | $2,000 |
Health Insurance | ~$3,000 |
Total | $156,000 – $195,000 |
Costs vary by student lifestyle and whether the 12- or 18-month track is chosen. International students may have additional visa or travel-related costs.
Scholarships and Fellowships
MIT Sloan offers several merit-based fellowships to outstanding MFin applicants. Scholarships are awarded at the time of admission—no separate application is required.
Key Scholarship Opportunities:
MFin Fellowship – Top applicants automatically considered
Diversity & Inclusion Fellowships – For underrepresented applicants
Forté Fellowship – For exceptional women in finance
Reaching Out MBA (ROMBA) – For LGBTQ+ applicants
Scholarships range from $10,000 to $40,000+, with limited full-tuition awards.
External Funding and Loans
In addition to MIT funding, students often explore:
External scholarships (e.g., Fulbright, Chevening, Inlaks)
Employer sponsorships or sabbaticals
Private and federal loans (US citizens eligible for FAFSA)
International loan providers, such as:
MPOWER Financing
Prodigy Finance
Lendwise (UK-based)
MIT Sloan provides a dedicated financial aid office to assist with:
Budgeting guidance
Payment plans
Loan documentation support
Return on Investment (ROI)
While tuition may seem high, MIT MFin graduates typically see rapid ROI thanks to:
Top-tier placements in high-paying finance roles
Global brand recognition of MIT and Sloan
Access to lifelong career resources and networks
According to recent data, many graduates recover their investment within 2–3 years, especially those entering investment banking, hedge funds, or quantitative roles.
The financial cost of the MIT Sloan MFin is significant, but so is the opportunity it creates. With strategic planning, scholarships, and a focus on high-impact careers, students can position themselves for strong financial and professional outcomes.
Career Outcomes and Employer Engagement
The MIT Sloan Master of Finance (MFin) program is not just about academic excellence—it’s about translating technical expertise into real-world success. Backed by MIT's global reputation and Sloan's dedicated Career Development Office (CDO), MFin graduates consistently land roles at top financial institutions, fintech firms, consultancies, and global corporations.
Career Placement Snapshot
Metric | Result |
Students receiving offers within 6 months | 97% |
Median Base Salary (Class of 2023) | $120,000 USD |
Median Sign-On Bonus | $25,000 USD |
Global Employment Reach | North America, Asia, Europe, MENA |
Top Hiring Sectors
MFin graduates are in demand across a broad spectrum of financial functions and geographies:
Investment Banking & Advisory
Employers: Goldman Sachs, J.P. Morgan, Morgan Stanley, Evercore, Lazard
Roles: M&A analyst, capital markets associate
Asset and Investment Management
Employers: BlackRock, Fidelity, Wellington, Vanguard
Roles: Buy-side analyst, portfolio associate, quant researcher
Quantitative Finance and Trading
Employers: Citadel, Jane Street, Two Sigma, DE Shaw
Roles: Quant analyst, algorithmic trader, risk modeller
Private Equity & Venture Capital
Employers: Bain Capital, General Atlantic, Sequoia, Bessemer
FinTech and Tech-Driven Finance
Employers: Stripe, Square, Coinbase, Amazon, Google Finance
Central Banks & Regulatory Bodies
Roles in economic policy, financial regulation, and market supervision
Career Development Support
The Sloan Career Development Office (CDO) provides extensive services tailored specifically for MFin students:
One-on-one career coaching
Technical and behavioral interview prep
Resume and LinkedIn reviews
Customized job search workshops
Employer networking events and coffee chats
Additionally, students benefit from:
MFin-specific job boards and recruiting events
Finance Career Bootcamps
Access to MIT-wide career fairs and hackathons
Action Learning and Practicum Experience
Hands-on learning is at the heart of MIT's approach:
Finance Research Practicum Students work directly with industry partners—hedge funds, asset managers, fintech startups—on real-world projects.
Proseminars Industry-focused seminars in areas like risk, asset management, and fintech innovation.
Summer Internships (18-Month Track) A key advantage of the extended track, enabling career changers and international students to gain experience before graduation.
Alumni and Employer Network
With over 136,000 MIT alumni globally—including finance leaders, entrepreneurs, and Nobel Laureates—students tap into:
Active alumni mentorship
Employer referrals and networking events
Global career treks to financial hubs like NYC, London, and Singapore
Companies That Hire MFin Graduates
Goldman Sachs
Morgan Stanley
BlackRock
Bain & Company
Citadel
Amazon
PwC Deals
Boston Consulting Group
World Bank
Barclays
Credit Suisse
MIT Sloan’s MFin career outcomes reflect not just strong numbers—but the breadth, depth, and quality of roles that graduates step into. From Wall Street to fintech unicorns, from central banks to private equity firms, Sloan MFin alumni lead in high-impact, high-visibility roles around the world.
Global Exposure, Student Life, and Alumni Network
The MIT Sloan Master of Finance (MFin) experience extends far beyond the classroom. As part of one of the world’s most prestigious research institutions, students are immersed in a globally diverse community, supported by a network that spans the financial world, academia, and innovation ecosystems.
International Student Body and Cultural Diversity
MIT Sloan prides itself on fostering a global classroom. Each MFin cohort includes students from over 35 countries, with a broad mix of academic and professional backgrounds.
Metric | Class of 2025 |
International Students | 92% |
Average Age | 23 |
Gender Diversity | ~43% women |
Undergraduate Majors | Finance, Economics, Engineering, Math, Physics, Computer Science |
This diversity creates a uniquely collaborative environment where students gain cross-cultural insights and build global business fluency—an essential trait in modern finance.
Cross-MIT Collaboration and Electives
As an MFin student, you’re not limited to Sloan. You can:
Take electives at other MIT departments, including Computer Science, Engineering, and Policy
Join labs and initiatives at the MIT Media Lab, Operations Research Center, and Digital Currency Initiative
Collaborate with PhD and MBA students on startup ideas, competitions, or research projects
This interdisciplinary access makes MIT a leader in quant-finance, FinTech, and sustainable finance innovation.
Student Life and Extracurriculars
MFin students actively engage with Sloan’s vibrant campus culture:
Join over 20 student-led clubs such as:
Sloan Finance Group
FinTech Club
Women in Finance
Investment Management Club
Latin American Business Club
Attend global conferences, including the MIT Sloan Investment Conference
Compete in case competitions like the CFA Challenge or M&A Simulation
Lead events, panels, and recruiting activities
The tight-knit community and small class size (typically ~120 students) ensure personalized attention and deep peer connections.
Career Treks and Global Immersion
MFin students have opportunities to travel and learn firsthand from global financial centers:
Wall Street Treks: Visit NYC-based investment banks, hedge funds, and asset managers
Silicon Valley Treks: Meet leaders in FinTech and blockchain innovation
London & Asia Visits: Engage with firms in London, Hong Kong, and Singapore
These treks often include alumni meetups, on-site interviews, and firm presentations.
MIT Alumni Network
Joining the MFin program gives you access to:
136,000+ MIT alumni worldwide, including Sloan graduates
Leaders in investment banking, hedge funds, central banks, and entrepreneurship
Active regional chapters in every major financial city
Lifelong access to job boards, mentorship, and events
From Boston to Bangalore, from Wall Street to West Africa, MIT alumni are shaping the financial systems of tomorrow—and they’re just an email or handshake away.
MIT Sloan’s MFin is more than a degree—it’s a launchpad into a global ecosystem of excellence, innovation, and community. Whether you’re seeking global roles or international exposure, MIT offers a network and environment that’s built to scale your ambition.
Conclusion: Is the MIT Sloan MFin Right for You?
If you're seeking a finance degree that combines intellectual rigor, quantitative depth, and global impact, the MIT Sloan Master of Finance (MFin) program stands among the best in the world. Designed for high-potential individuals with a passion for data-driven finance and innovation, the MFin offers not just a world-class education, but a strategic gateway into global finance leadership.
Why MIT Sloan MFin?
Two flexible formats: Choose between a 12-month or 18-month program tailored to your goals
STEM-centric and quantitatively intense: Perfect for aspiring quants, fintech innovators, and analytical thinkers
Customizable curriculum: Specialize in financial engineering, capital markets, corporate finance, or sustainable investing
Top-tier career outcomes: 97% of students secure jobs within 6 months, often with elite employers
Global exposure: Collaborate across MIT, travel on treks, and join a class that spans 35+ nationalities
World-class faculty and innovation ecosystem: Learn from researchers who shape financial regulation, quant models, and FinTech frameworks
Elite alumni network: Join a lifelong community of MIT and Sloan graduates shaping industries and policy worldwide
Who Should Apply for MIT Sloan Master of Finance (MFin)?
Recent graduates with a strong quantitative background in finance, math, engineering, or economics
Early-career professionals with 0–2 years of experience in finance or tech
Global thinkers who want to be part of a mission-driven, data-led community
Ambitious candidates who want to solve financial challenges with purpose and precision
The MIT Sloan MFin program isn't for everyone—it's for those ready to work hard, think critically, and lead courageously. If you’re driven by data, inspired by innovation, and serious about a future in finance, this program is one of the most powerful springboards you can choose.
Complete FAQ List – MIT Sloan Master of Finance (MFin)
1. Is MIT Sloan's MFin program worth it?
Yes, the MIT Sloan MFin offers world-class training in quantitative finance, strong ROI, and exceptional placement in top financial firms, making it one of the most valuable early-career finance degrees globally.
2. How hard is it to get into the MIT MFin program?
The MFin program is highly selective. Acceptance rates typically range from 9% to 12%, depending on the year and applicant pool. Strong quant skills, test scores, and motivation are essential.
3. What is the MFin program at MIT Sloan?
It’s a STEM-designated Master of Finance degree designed for early-career professionals. The program emphasizes applied finance, data science, and financial engineering, with a flexible 12- or 18-month format.
4. Is MIT Sloan part of MIT?
Yes. MIT Sloan is the business school of the Massachusetts Institute of Technology, offering full access to MIT’s resources, faculty, and interdisciplinary courses.
5. Is MIT Sloan part of the Ivy League?
No. MIT is not an Ivy League school but is globally recognized as a Tier 1 elite university, often ranked higher than Ivy League institutions in STEM, finance, and innovation.
6. What is the acceptance rate for MIT Sloan’s MFin?
While MIT Sloan’s MBA program sees acceptance rates between 14–18%, the MFin program is more competitive, with an estimated acceptance rate of 9–12%.
7. What is the average GMAT or GRE score for MIT MFin?
Most admitted applicants score above the 90th percentile on the GMAT or GRE quantitative sections. Competitive GRE scores are around 165–168 Quant, and GMAT scores between 700–770.
8. What is the average salary for MIT Sloan MFin graduates?
Graduates earn a median base salary of $120,000, with typical sign-on bonuses of $25,000. High-earning roles in quant finance and investment banking offer significantly more.
9. What are the career outcomes of the MIT MFin program?
Students go on to work at top firms such as Goldman Sachs, Citadel, BlackRock, J.P. Morgan, and Amazon, in roles ranging from investment banking to machine learning and FinTech.
10. Is the MIT Sloan MFin a STEM program?
Yes. The program is STEM-designated, enabling international students to qualify for up to 36 months of Optional Practical Training (OPT) in the United States.
11. What is the duration of the MIT Sloan MFin program?
You can choose between a 12-month accelerated track or an 18-month extended track, with the latter allowing for internships and more electives.
12. Can students do internships during the program?
Yes, students on the 18-month track can pursue a summer internship, which is especially valuable for career switchers and international students.
13. What kind of electives and specializations are offered?
Students can pursue optional tracks such as:
Financial Engineering
Capital Markets
Corporate Finance Electives cover fintech, sustainable finance, machine learning, and private equity.
14. Is coding required for the MIT MFin program?
While not mandatory for admission, proficiency in Python, R, or MATLAB is strongly encouraged and used extensively throughout the curriculum.
15. What are the prerequisites for applying?
Applicants must have a strong quantitative background, submit GMAT/GRE scores, transcripts, essays, recommendations, and complete a video assessment.
16. Are scholarships available for MIT MFin students?
Yes. MIT Sloan offers merit-based scholarships ranging from $10,000 to full tuition, including fellowships for women, diversity, and global impact applicants.
17. How diverse is the MFin student cohort?
The program is 92% international, with students from over 35 countries, and approximately 43% women. Students come from finance, engineering, math, and economics backgrounds.
18. Can I take courses outside MIT Sloan?
Yes. MFin students can take electives at other MIT departments, including Computer Science, Engineering, the Media Lab, and the Operations Research Center.
19. What is MIT Sloan looking for in MFin applicants?
They seek analytically strong, globally minded, and purpose-driven candidates who can demonstrate academic rigor, leadership potential, and clarity of career goals.
20. What networking opportunities are available at MIT?
MFin students gain access to 136,000+ MIT alumni, regional career treks, global finance conferences, and high-touch employer engagement through Sloan’s Career Development Office.
Comments