M.B.A Finance at Massachusetts Institute Of Technology [MIT], Cambridge Fees, Entry Requirement & Application Deadline

M.B.A from MIT

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

Master of Business Administration [M.B.A] (Finance)

2 years
Full Time
On Campus
Ranked #5 out of 1501 by THE Global Ranking 2023

$82,000 /Yr

4 Students Applied
1 Students Admitted
  • The Master of Business administration is a 2-year program at MIT Sloan School of Management.
  • This program is accredited by AACSB and offered on a full-time basis.
  • Through intellectual discovery and hands-on learning, this full-time, two-year MBA program develops leaders who make a difference in the world.
  • Students analyze personal strengths, interests, and values in order to effectively market themselves, and learn about the current job market and opportunities specifically for MBA.
  • Through Career Core, MBA students analyze personal strengths, interests, and values in order to effectively market themselves, and learn about the current job market and opportunities specifically for MBAs.

Important Dates

EventApplication Date
Application Deadline Round 2 Jan 17, 2024
Application Deadline Round 3 Apr 8, 2024

Tuition Fees

Year1st Year Fees
Tuition Fees$82000

Other Expenses

HeadAvg Cost Per Year
Housing$22800
Transportation$3276
Food$9036
Personal$9024
Health Insurance$3237
Books and supply$880
Miscellaneous expenses$2304
Total Cost$50557

cost of one year is $78954


Eligibility & Entry Requirement

Academic Eligibility:

  • The students must have a bachelor’s degree from a recognized university to apply for this program.
  • The average GPA of the students in this program is 3.9.
  • Students can apply with any bachelor’s degree but the majority of the students come from these fields like Computer Science, Economics, Engineering (variety), Finance, Management, Math, Operations Research, Statistics…, etc.

Work Experience:

  • Work experience is not required but many of the students have an average experience of 15 months.

Language Requirments:

  • The students whose official language is not English are required to write IELTS or TOEFL exams before applying.
  • The TOEFL cut-off for this program is 90 out of 120.
  • The IELTS cut-off will be decided by the university department.

Language Requirement Exemption:

  • Students who have received instruction in English in their primary and secondary schools and students who have been in the United States for four years or longer and have received a degree from an American institution.

Exam Requirments:

  • The students must compulsorily have to submit the scores of any one of the exams like GMAT or GRE.
  • MIT recommends that applicants interview with a member of the MIT Educational Council if available. Council members are MIT graduates who have volunteered to interview on behalf of the Office of Admissions. 


Scores Required

100 / 120

Avg. Score in

TOEFL

7.0 / 9

Avg. Score in

IELTS

690 / 800

Avg. Score in

GMAT


Required Document List

  • Submit official transcripts
  • Submit resume
  • Submit exam scores of GMAT or GRE
  • Submit one letter of recommendation
  • Submit English language requirements

Ranking

20242023202220212020201920182017

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

Career and Placement after Course

97% of students end up with job offers and the median base salary is around $165k

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Hubert H. Humphrey Fellowship ProgramScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
QS Connect Master’s ScholarshipScholarship per student$ 2,000/Yr$2,000Level Of StudyMasterTypeMerit-Based
Collegedunia $150 Scholarship ProgramScholarship per student$ 150/Yr$150Level Of StudyBachelorTypeMerit-Based
KC Mahindra ScholarshipScholarship per student$ 10 L/Yr$1,000,000Level Of StudyMasterTypeMerit-Based
ASID Foundation Legacy ScholarshipsScholarship per student$ 4,000/Yr$4,000Level Of StudyBachelorTypeMerit-Based
University of Alabama ScholarshipsScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific

College Student Profiles

Filter By: admitted

Programs Comparison

ranking# 2 for Finance by QS World University 2024
# 5 for Finance by Times Higher Education 2023
# 14 for Management by QS World University 2024
# 36 for Management by Times Higher Education 2023
application-#625 Applicants
# 100 Admissions
# 16 % Acceptance Rate
why to opt?

Join MIT's Finance program and become a high-achiever in finance. The 18-month (or 12-month accelerated) STEM curriculum emphasizes market workings and the latest financial theories, models, and industry practices. Benefit from world-renowned faculty, hands-on learning experiences, and a top-ranked degree. The program is adaptable to your career aspirations, with opportunities in established financial institutions, corporations, consulting firms, the public sector, and fintech.


The Nanyang MBA offered by Nanyang Business School (NBS), part of Nanyang Technological University (NTU), Singapore is a flexible 12-month or 18-month programme designed to fuel your growth into a future-ready leader equipped with the skills needed to excel in a global, digital environment. It also prepares you to rethink business for a sustainable future, encapsulating the global shift towards sustainability.Besides strengthening fundamental business management skills, broaden your knowledge in areas such as business analytics, technology, e-business, and sustainability – skills and competencies that will give you the confidence to implement key organisational transformation, and create holistic and effective business strategies.


exam scoresGMAT - 690/800IELTS - 7.0/9TOEFL - 100/120GMAT - 660/800IELTS - 6/9PTE - 55/90TOEFL - 90/120
Admission Criteria/Better to Have
  • Bachelors degree in any discipline from an accredited university
  • Scores of GMAT or GRE

  • Bachelor’s degree
  • Minimum of two years of work experience
  • Competitive GMAT or GRE score

cost to studyTotal Cost (Tuition + Living) -USD 78954Total Cost (Tuition + Living) -USD 65000
Return on Investment/Average Package-#Average SalaryUSD 132288
documents required#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose
application datesSep 27, 2023 (Application Deadline Round 1)
Jan 17, 2024 (Application Deadline Round 2)
Apr 8, 2024 (Application Deadline Round 3)
Sep 30, 2024 (Application Deadline For 2025 Intake)
-Read Full Comparison

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