Putting ideas into action is fundamental to MIT’s approach to knowledge creation, education, and research. In the MFin program, this presents itself in a rigorous, hands-on curriculum that offers students the chance to build a deep reservoir of finance knowledge and immediately put that knowledge to work in the world. MFin students participate in Action Learning experiences including Proseminars and the Finance Lab (formerly known as the Finance Research Practicum).
The MFin curriculum consists of required fundamental and advanced subjects, restricted electives, and an action learning course. Students may choose to write a thesis or pursue an independent study, pending approval by the faculty director.
Timeline of the MFin Program
The MFin program degree is completed in 18 months with the option to accelerate the degree requirements and complete it in 12 months. This allows you to tailor the program to your specific needs.
The degree requirements are the same for both formats; the only difference is timing.
During the 18 months, students will have the option to complete an internship during the second summer term, take additional courses, or use the additional time to write a thesis.
The shorter timeframe allows you to earn a full MFin degree in one year—including an Action Learning experience where you’ll work with corporate partners on real-world challenges—accelerating your path to a rewarding career.
Curriculum at a Glance
Required Foundational Courses: During the summer term, you’ll begin with rigorous courses in modern finance, financial mathematics, and financial accounting which provide foundational theories and principles you’ll draw from throughout the program and your career.
Computer Literacy: Students entering the MIT MFin program are expected to possess basic programming skills needed for processing and analyzing data. As part of the degree requirements, all students in the MFin program need to pass the Programming Literacy Test using any of the following programming languages: R or Python.
Required Advanced Courses: You’ll work with analytical tools — financial modeling, portfolio and pricing theory, statistics and data analytics, and 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 regulation.
Required Action Learning Experience: Our signature finance Action Learning courses allow students to apply theory to practice, testing their skills in research methodologies and data analysis 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 four concentrations in financial engineering, impact finance, 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.