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Bachelor of Finance [B.Fin] From Massachusetts Institute of Technology

Cambridge, MassachusettsLocation

UniversitySchool type

Estd1861established year

11466enrollment

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Bachelor of Finance [B.Fin]

STEM Course

4 years

Full Time

On Campus

Field of Study:

Finance

₹47.7 L/Yr

$57,590 /Yr

Offered By:

Bachelor in Finance at Massachusetts Institute of Technology(MIT) is a 4-year program.
This program is on a full-time basis.
It is delivered on-campus.
Some of the courses are:
- Managerial Finance
- Corporate Finance
- Communication
- Accounting
- Microeconomics
- Probability
- Statistics
Each student must take an additional seven subjects from the approved list of subjects.
At least one of the electives must be in the area of Investments, at least one of the electives must be in the area of Corporate Finance, and there must be at least five electives in total between the areas of Investments, Corporate Finance, and Topics in Finance.
MIT ranks #1 in the world among the other universities by US News Rankings 2020.
The acceptance rate of the students into this program is 7%, e.g If 100 people applied to this program then only 7 people will get accepted.
The student to faculty ratio in this program is 3:1 which increases the interaction between students and faculty.
Classes with fewer than 20 students in this program are 70.8% which creates the environment suitable to acquire knowledge.
The average salary of the graduates after getting placed is 115,640 USD.

Event	Application Date
Regular Action Application Deadline For 2024 Intake	~~Jan 5, 2024~~

Tuition Fees

Year	1st Year Fees
Tuition Fees	₹4773635 (USD 57590)

Other Expenses

Head	Avg Cost Per Year
Housing	₹993022
Personal Expenses	₹184347
Food	₹564481
Total Cost	₹1845131
Books and supply	₹70457
Other Fees	₹32824

Eligibility & Entry Requirement

Academic Eligibility:

Students should have concluded their secondary education and wish to pursue a bachelor’s degree as a full-time university student.
Students may apply during or after their final year of secondary education but may not apply using the first-year application if they have already matriculated to another degree-granting institution.

Others:

MIT admissions counselors are trained to understand the educational system in your part of the world. The university recommends that all international students study:
- Four years of English
- Mathematics, at least to the level of calculus
- Two or more years of history/social studies
- Biology
- Chemistry
- Physics
The above subjects are not compulsory but they add an extra value while applying for this program.

Transfer Students:

For spring entry (February), the university must receive the student final application with all supporting documents by November 15.
For fall entry (September), the university must receive the student final application with all supporting documents by March 15.
The International students may apply for September entry only.
One evaluation should be from a math or science instructor, and the other two should be from any instructors who know the student well. The university will find that the best recommendations are written by professors who know an applicant well as both a student and a person.
The students are also welcomed (but not required) to submit two supplemental letters of recommendation from high school teachers, employers, etc.

English Language Proficiency Scores:

The students whose official language is not English are required to submit the ELP(English Language Proficiency) Scores.
TOEFL scores are to be submitted and the should clear the cut-off( iBT – 90, PBT – 600) to get into this program.
These Scores are evaluated along with SAT or ACT exam scores which are submitted.

Exam Requirments:

The university requires the SAT or the ACT and does not require the ACT writing section or the SAT optional essay.

Scores Required

90 / 120

Avg. Score in

TOEFL

1500 / 1600

Avg. Score in

SAT

34 / 36

Avg. Score in

ACT

Required Document List

Online Application: Students have to submit an online application form at the official website.
Application Fee: Students need to submit their application fees.
Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
Letters of Recommendation: Three letters of recommendation are required.
Official GRE Test Scores: Students have to submit their GRE Test Scores.
ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Ranking

2023202220212020201920182017

Finance 5 out of 1501 in Global Ranking

Career and Placement after Course

Career opportunities are:

Budget Analyst.
Auditor.
Financial Examiner.
Personal Financial Advisor.
Loan Officer.
Securities, Commodities and Financial Services Sales Agent.
Real Estate Agent.
Teacher.

Scholarship Grants & Financial Aids

Name	Scholarship Per Student	Level of Study	Type
Collegedunia $150 Scholarship Program	Scholarship per student₹ 12,434/Yr$150	Level Of StudyBachelor	TypeMerit-Based	View Details
Go Clean Scholarship	Scholarship per student₹ 2.9 L/Yr$3,500	Level Of StudyBachelor	TypeMerit-Based	View Details
BL Mandhana Scholarships	Scholarship per student₹ 8.3 L/Yr$10,000	Level Of StudyBachelor	TypeMerit-Based	View Details
Forktip Women’s- Innovation Scholarship	Scholarship per studentVariable Amount	Level Of StudyBachelor	TypeCollege-Specific	View Details
Deutschland Stipendium Program	Scholarship per student₹ 3.6 L/Yr$4,363	Level Of StudyBachelor	TypeCollege-Specific	View Details
1st Formations Business Scholarship	Scholarship per student₹ 66,312/Yr$800	Level Of StudyBachelor	TypeMerit-Based	View Details