$82,314 /Yr
On-campus
full_time
Master of Science [M.S] Economics
- The graduate program in Economics at MIT has grown to its present size of 123 full-time students and 42 faculty members. Its major emphasis is the training of doctoral candidates in a broad program of advanced study and research for professional careers in universities, government, or colleges, public and private research and consulting organizations, and financial institutions, and other private businesses.
- MIT operates on the semester system.
- The fall term, including examinations, ends before winter vacation.
- It allows students to pursue their own research interests. The spring term runs from February through May.
- This university is ranked #1 in QS Global World University Rankings, 2022.
- It is an on-campus program offered on a full-time basis only.
Tution & Application Fees
| Year | Year 1 | Year 2 |
| Tuition Fees | $77485 | $77485 |
| Health Insurance | $1344 | $1344 |
| Books and supply | $3089 | $3089 |
| Other Fees | $396 | $396 |
| Total Fees | $82314 | $82314 |
Examinations
| Exam Type | Exam Name | Score | Out of Score | Exam Level |
|---|---|---|---|---|
| TOEFL | Test of English as a Foreign Language | 100 | 120 | 3 |
| IELTS | International English Language Testing System | 7.0 | 9 | 3 |
Academic Eligibility:
- The students must have a bachelor’s degree (3 or 4 years) in any of the respective fields to apply for this program.
- The average GPA of the students in this program is 3.9 on a scale of 5.0.
- Students can apply with any bachelor’s degree, but most of the students come from these fields like Computer Science, Economics, Engineering (variety), Finance, Management, Math, Operations Research, Statistic, etc.
Work Experience:
- Work experience is not required but many of the students have an average experience of 15 months.
Language Requirments:
- The students whose official language is not English are required to write IELTS or TOEFL exams before applying.
- The TOEFL cut-off for this program is 90 out of 120.
- The IELTS cut-off will be decided by the university department.
Language Requirement Exemption:
- Students who have received instruction in English in their primary and secondary schools and students who have been in the United States for four years or longer and have received a degree from an American institution.
Exam Requirments:
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MIT recommends that applicants interview with a member of the MIT Educational Council if available. Council members are MIT graduates who have volunteered to interview on behalf of the Office of Admissions.