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

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

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

Doctor of Philososphy [Ph.D] (Finance)

5 years
Full Time
On Campus

Field of Study

$50,100/Yr

$50,100 /Yr
  • Finance is the study of markets for real and financial assets. The practical implications of modern financial theory are widely recognized and implemented by Wall Street and corporations. The PhD program provides students with an understanding of the theory on which the field is based and the tools they need to conduct theoretical and applied research.
  • Once required coursework in microeconomics and macroeconomics theory is completed, students are free to develop their programs of study and research with the guidance of faculty members. Often, faculty offer students an opportunity to participate in and expand on faculty research interests.

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)

All admitted doctoral students receive a fellowship that covers the cost of tuition and health insurance, and provides a stipend.

Previous Year Tuition 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

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
updated Hubert H. Humphrey Fellowship Program updatedScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based


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