The MIT Masters in Finance program has a bunch of updated information that should interest anyone considering this amazing MSF. MIT is one of the few elite institutions in the US that is offering this degree and they have done a phenomenal job with their program. Each year has outstanding results and an incredibly impressive class profile. This year is no exception.
2024 Class Profile
- Class Size – 127 students
- International – 89%
- Average Work Experience – 12 months
- Median GPA – 3.83
- Median GRE
- Verbal – 151-170
- Quant – 158-170
- Female – 31%
This is a very diverse MSF across the board. There are 42 countries represented, an increase from when I last posted a class profile. The percentage of women dropped slightly, but 31% is still a good representation for a finance masters. Students came from a mixture of science/math, business, economics and engineering. The GRE scores are towards the top of the range as well.
2023 Career Report
The MIT Career report includes graduates of the 2023 class as well as interns. This is because there are two options for program length.
- 100% of graduates seeking employment received an offer within 6 months of graduation
- Same as in 2023
- Average Base Salary – $125,354
- Geographic Placement – New York City (32.7%), Hong Kong (9.7%), Beijing (1.8%), and Boston (10.6%).
- Placements were more US focused this year as compared to last.
- 61.9% vs 54.3%
- Placements were more US focused this year as compared to last.
- Industry Placement – Quantitative Research/Data Science (24.3%), IBD/Transactions Advisory (19.1%), Quantitative Trading – Research/Sales (13.9%), and Corporate Finance (5.3).
This program places multiple students at every top firm imaginable. Consulting, investment banking, private equity, hedge funds, you name it. The MIT brand is incredible and the structure of this program is very customizable to tailor your education to the career path you desire. Not to mention incredible recruiting and alumni.
You can check out the full report here. Very comprehensive and includes a ton of data.
Miscellanous
Tuition is as follows:
- 18-Month (12-Month + Fall 2023) – Tuition: $124,875
- 12-Month – Tuition: $91,250
All costs are for the 2024–2025 academic year.
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This program continues to produce outstanding graduates. Average salaries coming from this program rival most MBA’s and the firms who hire MSF graduates are of the same caliber you would see from all the top programs around the country. What MIT has created is an amazing representative of the Masters in Finance degree.
Here is a link to the MIT Masters in Finance Program
