MIT’s Sloan School of Management: Master of Finance

MIT launched the Master of Finance (MFin) program in 2008, admitting its first cohort of just 26 students. Now the annual intake numbers 120 students; this year’s class hails from 30 different countries, 40% of which are women and 80% of which enter direct from their undergraduate programs. MFin students have the option to earn a certificate in sustainability, health care and data analytics- options that have typically been reserved for MIT’s full-time MBAs.

The MFin program offers students opportunities to explore synergies among economics, finance, and accounting, as well as the critical ties among finance and mathematics, statistics, operations research, computer science, and engineering.

The MFin program is designed to prepare students for a broad range of careers in the financial industry—careers requiring analytical expertise and the ability to innovate around market challenges. Building on the foundation of MIT Sloan’s finance legacy, the MFin program offers a combination of heritage, resources, rigor, and relevance to shape the leaders who will shape the industry.

The MIT MFin program is structured to ensure that students have a strong understanding of the fundamentals of financial theory and practice, and the flexibility to customize their coursework to meet their career and personal goals. The program can be completed in 12 months or 18 months.  The coursework and summer start date are the same, however, the 18-month format allows students to spread out course requirements, take additional classes, participate in a summer internship, or use the extra time for thesis writing. Coursework is collaborative, and students work together on projects and problem sets.

Over the summer term, all students take intensive core courses in finance theory and corporate financial accounting. In the fall semester, students begin to specialize with coursework from a set of restricted electives. Then, they choose courses from general graduate electives from MIT Sloan or other MIT departments, such as Electrical Engineering and Computer Science, Economics, or Mathematics for a more personalized curriculum. Action Learning coursework is required and students have an option of writing a 24-unit thesis or 12-unit independent study, which may replace one or more general electives. There are three optional concentrations: Capital Markets, Corporate Finance, and Financial Engineering.

for 12 months/$102,600 for 18 months