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

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

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

Doctor of Philososphy [Ph.D] (Accounting)

5 years
Full Time
On Campus

Field of Study

$50,100/Yr

$50,100 /Yr
  • Massachusetts Institute of Technology offers PhD in Accounting with a duration of 5 years.
  • The program is full-time.
  • It is delivered on-campus.
  • This program has two years of coursework and approximately three years of research and writing of the dissertation.
  • Students in the Accounting research group are expected to push beyond the boundaries of traditional accounting and incorporate a thorough knowledge of economics and finance in their work on contemporary issues in financial reporting, disclosure, and contracts using financial information.
  • The accounting doctoral courses give students the opportunity to tap into recent faculty research and expertise on a wide range of topics that are of particular interest to accounting academics, practitioners, and standard-setters.
  • MIT aim for a class size of just 19 students.
  • PhD students in the Accounting Group benefit from the teaching, research, and mentorship of MIT Sloan’s world-renowned faculty.
  • MIT’s Business School Ranks #5 according to USNews.
  • According to TopUniversities MIT ranks#1.
  • The average salary after this program goes upto 97,500 USD.

Tuition Fees

Year1st Year Fees
Tuition Fees$50100 (USD 50100)

Other Expenses

HeadAvg Cost Per Year
Housing$27600 (USD 27600)
Transportation$3933 (USD 3933)
Food$7947 (USD 7947)
Health Insurance$3269 (USD 3269)
Total Cost$42749 (USD 42749)

Students receive full academic year tuition plus a monthly stipend of $3,810 for each of 12 months per year (annual total of $45,720).


Previous Year Fees

Year1st Year Fees
2022$50100 (USD 50100)

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 updated


Required Document List

  • Online Application: Students have to submit an online application form at the official website.
  • Application Fee: Students need to submit their application fees.
  • Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
  • Letters of Recommendation: Three letters of recommendation are required.
  • Official GRE Test Scores: Students have to submit their GRE Test Scores.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Career and Placement after Course

Career opportunities are:

  • Financial Analyst
  • Accounting Professor
  • Consultant
  • Researcher
  • Accountant Manager

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Young Women in Public Affairs AwardScholarship per student$ 4,000/Yr$4,000Level Of StudyBachelorTypeMerit-Based
Young Professionals ProgramScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
Josephine de Karman FellowshipScholarship per student$ 25,000/Yr$25,000Level Of StudyDoctorateTypeMerit-Based
YouAreWelcomeHere ScholarshipsScholarship per studentVariable AmountLevel Of StudyApprenticeshipTypeTuition-Fee-Waiver
Comindware ScholarshipScholarship per student$ 4,000/Yr$4,000Level Of StudyApprenticeshipTypeMerit-Based
Go Clean ScholarshipScholarship per student$ 3,500/Yr$3,500Level Of StudyBachelorTypeMerit-Based


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