Ph.D Finance at Massachusetts Institute Of Technology [MIT], Cambridge Fees, Entry Requirement & Application Deadline

Doctor of Philososphy [Ph.D] [Finance] From Massachusetts Institute of Technology

Cambridge, MassachusettsLocation
UniversitySchool type
Estd1861established year
11466enrollment
Private (Not for Profit)

Doctor of Philososphy [Ph.D] (Finance)

5 years
Full Time
On Campus

Field of Study

Ranked #5 out of 1501 by THE Global Ranking 2023

$59,750 /Yr

  • Finance is the study of markets for real and financial assets. The practical implications of modern financial theory are widely recognized and implemented by Wall Street and corporations. The PhD program provides students with an understanding of the theory on which the field is based and the tools they need to conduct theoretical and applied research.
  • Once required coursework in microeconomics and macroeconomics theory is completed, students are free to develop their programs of study and research with the guidance of faculty members. Often, faculty offer students an opportunity to participate in and expand on faculty research interests.

Tuition Fees

Year1st Year Fees
Tuition Fees$59750

Other Expenses

HeadAvg Cost Per Year
Housing$27600
Transportation$3933
Food$7947
Health Insurance$3237
Books and supply$880
Miscellaneous expenses$2304
Total Cost$45901

All admitted doctoral students receive a fellowship that covers the cost of tuition and health insurance, and provides a stipend.


Eligibility & Entry Requirement

Academic Eligibility:

  • Students require a Bachelor's degree or equivalent.
  • Students should have a strong quantitative background (the Accounting group requires calculus)
  • Students need to have exposure to microeconomics and macroeconomics (the Accounting group requires microeconomics)
  • Students should have at least a 3.5 GPA. 

Indian Student Eligibility:

  • The student has graduated from senior secondary school or equivalent (those applying for a postgraduate program must have graduated from a university or college).
  • Students completed a bachelor's degree from an accredited institution with a grade point average of 3.5 or 60% in the final years of the program.

Submission of GRE scores is not compulsory for this program, however, it is recommended to submit the scores (minimum 300) for a better chance of admission.

Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.


Scores Required

7 / 9

Avg. Score in

IELTS

90 / 120

Avg. Score in

TOEFL

330 / 340

Avg. Score in

GRE


Ranking

20242023202220212020201920182017

QS World University logo
Finance 2 out of 351 in Global Ranking
( #2 out of 70 in USA 2024)

Similar Programs

ProgramImportant DateTotal FeesMedian Exams ScoreAction
Application Deadline For Autumn Intake (1st Dec 2024)
USD 58,746 /Yr
  • TOEFL: 100
  • GRE: 328
  • IELTS: 7.0
  • PTE: 68
Application Deadline for 2024 Intake (2nd Jan 2024)
USD 67,250 /Yr
  • IELTS: 7.0
  • TOEFL: 100
  • PTE: 70
Application Deadline For 2025 Intake (2nd Dec 2024)
USD 33,238 /Yr
  • IELTS: 7.0
  • TOEFL: 90
  • PTE: 54
Application Deadline For 2025 Intake (15th Dec 2024)
USD 75,780 /Yr
Application Period For 2025 Intake (15th Dec 2024)
USD 39,838 /Yr
  • TOEFL: 100
  • GRE: 324
  • IELTS: 7

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Go Clean ScholarshipScholarship per student$ 3,500/Yr$3,500Level Of StudyBachelorTypeMerit-Based
Ellis R. Ott Scholarship for Applied Statistics and Quality ManagementScholarship per student$ 7,500/Yr$7,500Level Of StudyDoctorateTypeMerit-Based
YouAreWelcomeHere ScholarshipsScholarship per studentVariable AmountLevel Of StudyApprenticeshipTypeTuition-Fee-Waiver
Scholarships in CaliforniaScholarship per studentVariable AmountLevel Of StudyApprenticeshipTypeCollege-Specific
Hubert H. Humphrey Fellowship ProgramScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
AAUW International FellowshipsScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based


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