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

Field of Study

$78,954/Yr

$78,954 /Yr
  • 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.

Tuition Fees

Year1st Year Fees
Tuition Fees$78954 (USD 78954)

Other Expenses

HeadAvg Cost Per Year
Housing$22800 (USD 22800)
Transportation$3276 (USD 3276)
Food$9036 (USD 9036)
Personal$9024 (USD 9024)
Total Cost$44136 (USD 44136)

Previous Year Fees

Year1st Year Fees
2022$78954 (USD 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

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Young Women in Public Affairs AwardScholarship per student$ 4,000/Yr$4,000Level Of StudyBachelorTypeMerit-Based
BeArt Presets-Academic ScholarshipScholarship per student$ 2,000/Yr$2,000Level Of StudyBachelorTypeMerit-Based
Young Professionals ProgramScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
Prodigy Finance-GyanDhan ScholarshipScholarship per student$ 2,500/Yr$2,500Level Of StudyMasterTypeMerit-Based
VueVille Future Technology ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Aga khan Foundation ScholarshipsScholarship per studentVariable AmountLevel Of StudyMasterTypeMerit-Based


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