How much does MIT master of finance cost?

Question

S Raghav · Accepted Answer

MIT MFin is among the most expensive finance master&rsquo;s globally &mdash; and the cost varies based on program length.
&bull; Tuition for 2025&ndash;2026: $93,834 for 12 months, $128,820 for 18 months. &bull; Living in Cambridge adds around $2,000&ndash;$2,500/month, so expect $24,000&ndash;$30,000 more for living expenses. &bull; Health insurance is an extra $3,000&ndash;$4,000, unless waived through proof of coverage. &bull; Total cost: approx $120K+ for 12 months, and $160K+ for 18 months, depending on personal spending. &bull; 18-month students get better access to summer internships, which can offset costs and lead to full-time offers. &bull; MIT does offer limited scholarships and assistantships, but most students rely on loans or external funding.
It&rsquo;s a steep price tag, but many grads land roles in IB, PE, or quant funds with salaries that help recover costs in a few years.
For more details you can read this blog on "MIT MFin Fees"

Hema A · Answer

The tuition for MIT&rsquo;s Master of Finance program in 2025&ndash;2026 is $93,834 for the 12-month track and $128,820 for the 18-month track.
These amounts include required course materials but not health insurance, which is mandatory unless waived. Students should also budget for living expenses in Cambridge &mdash; housing, food, transport, and personal costs can add another $25,000&ndash;$35,000, depending on lifestyle and duration.
For the 18-month program, the full cost &mdash; including tuition, living, and other fees &mdash; typically comes to around $155,000&ndash;$165,000. The 12-month version costs slightly less overall but offers fewer internship and recruiting windows.
MIT provides some need-based fellowships, but most funding comes from personal savings, loans, or external scholarships. The ROI is strong, but the upfront cost is high &mdash; it&rsquo;s essential to plan finances well before committing.