Are you a high-achiever looking for a rewarding career in finance? MIT’s Master of Finance program features a rigorous 12- or 18-month STEM curriculum, emphasizing a foundation in how markets work and engineered around the most advanced financial theories, quantitative models, and industry practices.
MFin carries with it a legendary reputation, world-renowned faculty and innovative, hands-on learning experiences in a top-ranked, early-stage finance degree. The program is adaptive to meet your specific requirements across a broad range of premier career opportunities in sought-after established financial institutions, corporations, consulting firms, the public sector, and fintech.
The Master of Finance Experience
This STEM-designated program is attractive for three main reasons: world renowned faculty; access to a vast global network; and MIT’s significance as the birthplace of modern finance, says Heidi Pickett, director of MIT Sloan’s MFin program.
What aspects of the MFin curriculum make STEM classification possible? Our STEM (science, technology, engineering, and math) program classification means that MFin complies with the definitions set forth by the U.S. Department of Homeland Security (DHS). MFin’s curriculum focuses on the rigorous application of mathematics and statistics to the discipline of finance, including the development, critique, and application of financial models and instruction on a comprehensive range of methodologies, processes, and applications, which amounts to an extra two years of working in the United States.
What is the significance of STEM Classification for international students? Classification as a STEM program as defined by the DHS allows international students to extend their training in the United States by working in their field of study.
What are the terms of the extended training? International Master of Finance graduates on F-1 visas will have the option to remain in the United States for an additional 24 months via the optional practical training STEM extension. Instead of 12 months of optional practical training, they have a total of 36 months under STEM, which amounts to an extra two years of working in the United States.
MIT For Life
When you graduate, the MIT experience goes with you. You’ll become part of our legendary global alumni network — people who speak the language of MIT, and who are ready and willing to support you personally and professionally throughout your career. And among employers, you’ll find a respect and admiration for the MFin program, in particular, the role of MIT finance as the creators of modern finance. The MIT name — and the trust and competence it confers to each graduate — cannot be duplicated.
MFin’s elite, top-ranked early-career STEM program emphasizes a foundation in how markets work and a rigorous curriculum engineered around the most advanced financial and quantitative theories and practices.
Personalizing Your Curriculum
You can build a program specific to your needs, while also accessing MIT courses and cross-registering at Harvard.
The MFin program emphasizes interactive team learning with your peers from around the world, in courses where skills are practiced and applied to real-world challenges. Some MFin courses also include other students from across MIT, or Harvard. You’ll learn from and challenge each other, sharing perspectives, building lasting relationships and developing critical workplace skills.
Curriculum at a Glance
Required Foundational Courses: During the summer term, you’ll begin with rigorous courses in finance theory, financial mathematics, and financial accounting which provide foundational theories and principles you’ll draw from throughout the program and your career.
Computer Literacy: You’ll be required to pass the Programming Aptitude Test (PAT) in either R, Python, C or C++ programming languages. The MFin program makes weekly coding office hours available during the summer term if you need additional help. Also, you have access to programming courses at the MIT School of Engineering.
Required Advanced Courses: You’ll work with analytical tools — financial modeling, portfolio and pricing theory, statistics and data analytics, computational methods — to help tackle multi-faceted challenges that arise in finance, from capital budgeting and cash flow analysis, to dynamic asset allocation and big-data-based investment strategies, and more. A required professional development course adds an important dimension, focusing on finance ethics and social responsibility.
Required Action Learning Experience: Our signature finance Action Learning courses integrate financial theory and applications with hands-on work experience alongside financial industry practitioners. These project-based courses challenge students to solve real-world problems with MIT's partner corporations, culminating in student presentations to corporate decision makers.
An Array of Electives: You’ll choose from topics ranging from financial technology, to quantitative methods, to economics, to specialized disciplines such as healthcare finance, fixed income, mergers and acquisitions and asset management. In addition, MFin students can access other MIT courses or cross-register at Harvard to expand their horizons.
Optional Concentrations: You can choose to further specialize your degree by completing one of three concentrations in financial engineering, capital markets, or corporate finance.
Optional Thesis or Independent Study: An optional 24-unit thesis or an independent study is available with approval by the faculty director.
Finance Lecture Series and Study Tours: The MFin curriculum is supplemented with an optional lecture series with industry leaders and study tours to broaden exposure to global markets and the financial community.
A Smart Investment
As innovation, regulation and globalization continue to drive change in the finance landscape, MFin prepares you for today’s challenges and tomorrow’s opportunities. An MFin degree is a smart investment in your future, generating returns throughout your lifetime.
Students and Industry Collaborating on Real-World Challenges
Action Learning is a hallmark of MIT’s teaching methodology—a continuous learning environment with numerous opportunities to explore, experiment, and put theory into practice.MIT Sloan’s signature finance Action Learning courses offer unique opportunities for you to engage in meaningful, real-world business challenges, providing relevant experience employers respect.
You’ll work alongside corporate partners, faculty, and a diverse cross-section of fellow MIT students on collaborative teams, gaining insight and coaching from experts, building your network, and enhancing your portfolio of outcome-oriented case studies.
All MFin students participate in Action Learning through Proseminars—real-world financial problem-solving experiences, or the Finance Research Practicum℠—a real-world team research and analysis experience. While only one of these courses is required, students often choose more than one to gain additional practical experience in finance and social skills critical for success in a diverse global economy.
Practitioners from the finance community present students with current, real-world challenges designed to test and hone problem-solving skills.
“In terms of career development, I found the pro-seminar projects to be very helpful. I thought of these projects as ‘mini-internships,’ since they offer opportunities to work closely with companies on real-world problems."
Julia Yuan, MFin 2012
Research Associate, Arrowstreet Capital, Boston, MA
Students work side-by-side with corporate sponsors, applying theory to practice in real-world research and data analysis scenarios.
“It gives students a great opportunity to work on financial-related research topics sponsored by companies. These are topics that really concern the company, it’s not just any hypothetical case from the classroom.”
Hear what MFin students have to say about their action learning experiences, including MFin Study Tours — an opportunity to see how businesses operate in different parts of the world and to meet executives and MIT alumni.
Hear what Master of Finance students have to say about Action Learning.
The MFin Asia Study Tour: Experience the Asian markets in-person
As an MIT Sloan MFin graduate, you’ll launch your career with a solid foundation in how markets work and a comprehensive range of quantitative finance skills, along with applied, problem-solving expertise.
An MFin degree positions you for near and long-term success among highly sought-after employers: asset managers, consulting firms, investment and corporate banks, brokerage firms, financial data providers, ratings firms, hedge funds, venture capitalists, insurance companies, public institutions, fintech, and more — from Fortune 500 companies to leading-edge boutiques.
Personalized Career Resources
Career preparation is integrated throughout your MFin experience through tools, workshops, access to alumni and industry experts,
“The network gained within the MFin program has and I’m sure will continue to be crucial to my career success. Having a group of very smart friends working across different asset classes really gives you an edge.”
Evan Hirtenfeld, MFin 2016
Investment Analyst, Man GLG,
Eight Years Later
“MFin pushed me to think more technically about financial concepts that are applied in the real world. Being able to focus on the quantitative and theoretical elements prepared me for challenging the status quo.”
Kapil Dilwali, MFin 2010
Vice President, Investment Banking-Corporate Finance Advisory, J.P. Morgan,
New York, NY
Positioning You for a Successful Career Search
Career preparation is an important aspect of the MFin program, Throughout your time with us, you’ll benefit from the experiences of our advisors, faculty, MFin staff, employer relations team, alumni, and corporate partners who focus on maximizing your potential and help you sharpen your competitive edge.
MFin Faculty are Respected Authorities on the Leading Edge of Finance
The MFin program is your opportunity to learn financial problem solving from our world-renowned faculty—innovators who tackle finance’s biggest challenges and continue to define the future of finance. They influence real-world policy and practices, continuing MIT Sloan’s legacy of creating breakthrough financial models and practices adopted by educators and practitioners worldwide.
As the architects of the MFin program, our faculty are invested in student success and have created a collegial, collaborative culture that challenges students to push the boundaries of their problem-solving abilities.
A Record of Leadership
MIT Sloan is considered the birthplace of modern finance. Pioneers such as Fischer Black, John Cox, and Stewart C. Myers, as well as Nobel Laureates Paul Samuelson, Robert C. Merton, Myron Scholes and Franco Modigliani all have roots in the MIT Sloan Finance Group, a major force of change and innovation in the finance industry.
Formed long before other business schools recognized finance as a distinct field of study, the MIT Finance Group is responsible for many of the research breakthroughs that have shaped finance theory and practice for more than 40 years—a track record of leadership that continues today.
The Black-Scholes-Merton derivative-pricing model.
The Modigliani-Miller theorems on corporate financing and evaluation.
The Cox-Ingersoll-Ross model of the term structure of interest rates.
MIT Sloan finance faculty are advancing the field of financial economics while generating innovations and leading-edge management practices critical for leadership in today’s complex global economy. MFin students have access to their latest research.
Our Inspiring, Respected Global Community Welcomes You
There is no other place on earth quite like MIT. The MIT experience begins with our community of students, faculty and staff — a dynamic, inspiring and welcoming group. We have assembled the best talent from all corners of the earth, and together we are a powerful force. We challenge each other to excel, and to have a positive impact on the world.
When you step onto campus, you’ll experience the energy of a recognized hub for innovation in finance, entrepreneurship, and technology. It’s a place where experimentation, exploration and pushing boundaries are encouraged and supported. You’ll also sense our informality and culture of mutual respect. Despite our elite status, the MIT community of high achievers is known for being refreshingly down to earth.
As an MIT Sloan student, you’ll gain access to an entire finance ecosystem — a wide array of clubs, events, speakers, competitions, study tours, research centers, and recruiting initiatives that provide opportunities for growth, discovery, and networking outside the classroom.
Explore the Ecosystem
Hear from our our students, be part of the community, and build your network.
The opportunity to work with students and faculty from other disciplines creates connections that spark new ideas, new products, and new companies. Cross-disciplinary study and teamwork are a unique part of MIT’s culture, and MFin students routinely take classes from departments outside MIT Sloan to pursue their interests and expand their knowledge and skills.
The Business Analytics Certificate, Healthcare Certificate, and Sustainability Certificate are open to all MIT students.
MIT Sloan faculty are deeply involved in cross-disciplinary research centers like the MIT Golub Center for Finance and Policy, the MIT Innovation Initiative, and the MIT Leadership Center, as well as many others.
A private institution of just under 11,000 students (60 percent graduate students) and about 1,100 faculty, MIT sits on a 168-acre campus along the Charles River in Cambridge, Massachusetts. It’s a short walk across the Mass Ave Bridge to the city of Boston. MIT Sloan is located on the Red Line subway in Kendall Square.
We seek smart, motivated applicants who are passionate about finance. Recent graduates, early career professionals in finance, engineers, mathematicians, physicists, computer programmers, and other high-tech professionals are encouraged to apply.
Each applicant is measured on his or her academic and professional accomplishments. Applicants are eligible to apply to the MFin program if they have a bachelor's degree or will have completed one by July 2019. Students with a three-year bachelor's degree from an international university are also eligible to apply.
We seek well-rounded, intellectually curious individuals with the following characteristics:
Success in academic, extracurricular, and professional endeavors.
Ability to collaborate to accomplish a common goal.
Ability to inspire others to achieve success.
Willingness to seek alternative solutions to existing challenges.
Motivation to pursue their goals.
How to Apply & Financial Aid
Everything you need to know to apply to the program and finance your education.
The Admissions Committee reviews all applications and will notify applicants of their decision on or before the deadlines listed below. Please note that in the interest of confidentiality, we will only deliver official decisions via your online application.
MFin Program Deadlines – for July 2018 Entry
Thursday, January 3, 2019, 3:00 p.m., EST
The admissions committee notifies applicants of their decisions: