MIT MFIN

What is the MIT Master of Finance (MFin)  Review?

The MIT MFin Review is useful for people who want to gain a quick understanding of the MFin program at the Massachusetts Institute of Technology and understand if it would be a correct choice for them. Apart from a brief review of the school, data about the MFin program application process, the class profile and placement statistics upon graduation are presented.

INTRODUCTION

The MIT Sloan School of Management, based in Cambridge, Massachusetts, is one of the world’s leading business schools. MIT Sloan is devoted to its mission: to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.

As an international student, you will benefit not only from a Master of Finance degree but also from MIT’s superb reputation in your country.

MIT Sloan provides you with the opportunity to get hands-on management experience through signature Action Learning program and study tours.

The faculty and students work side-by-side with corporate or non-profit partners to apply lessons from the classroom to some of the world’s most significant challenges, often traveling to developing countries to work with peers and local entrepreneurs to improve critical systems and services.

MIT Sloan offers you countless ways to test the approaches you study in the classroom, with the support of the faculty and the School behind you as you stretch the limits of your experience and try new things.

The flexible curriculum permits scholars to develop appreciable technical aptitude, and a profound comprehension of the administrative and planning aspects of firms.

Programs

The MIT Sloan MBA

The MIT Sloan MBA is a two-year, full-time program that combines classroom discussions led by exceptional faculty with collaborative, on-the-ground experiences hosted by organizations around the world.

This broad portfolio of learning opportunities puts you in an enviable position to experience exponential growth — academically, personally, and professionally. An MIT Sloan MBA propels you toward your career aspirations.

MIT MFin Program

MFin’s elite, top-ranked early-career STEM program emphasizes a foundation in how markets work and a rigorous curriculum engineered around the most advanced financial and quantitative theories and practices. 

MFin enables you to build a program specific to your requirements.  With 12- and 18-month options, a choice of concentrations, access to all MIT courses and the opportunity to cross-register at Harvard, MFin is unmatched in its ability to support your career aspirations.

MS in Management Studies

The Master of Science in Management Studies program is a unique, customizable degree that complements an MBA or equivalent master’s degree from our partner schools: Asia School of Business; Fudan University; Indian School of Business; Lingnan (University) College, Sun Yat-sen University; the Lisbon MBA program; and Tsinghua University.

The MSMS program allows graduates or current students from these schools to pursue advanced studies in management and receive a Master of Science degree from MIT in nine months.

SALIENT  FEATURES

For high-achievers looking for a rewarding career in finance, MIT’s Master of Finance program features a rigorous 12- or 18-month STEM curriculum, emphasizing a foundation in how markets work and engineered around the most advanced financial theories, quantitative models and industry practices. 

MFin carries with it a legendary reputation, world-renowned faculty and innovative, hands-on learning experiences in a top-ranked, early-stage finance degree. 

The program is adaptive to meet specific requirements across a broad range of premier career opportunities in sought-after established financial institutions, corporations, consulting firms, the public sector and FinTech.

Students have the opportunity for study with faculty members who are leaders in their field. Capstone projects involve students in finding solutions to real world problems, providing experiences that can apply directly to jobs after graduation.

The MFin Program qualifies as a STEM – designated program in Financial Mathematics, allowing foreign students to extend their training in the U.S. by 24 months after graduating.

Skills which the MIT MFin values

MIT has one of the most competitive masters programs in the world and is on the lookout for high potential candidates who exhibit the following skills:

•  Optimism
•  Self-motivated
•  Consistency
•  Intellectual aptitude
•  Adaptability
•  Focused                             

Be sure to mention in your motivation statement how you exhibit these skills, and back them up with relevant examples.

Next, in the MIT MFin Review, find all the application requirements listed below.

Eligibility Criteria

• Excellent written and spoken English (TOEFL – 90 iBT /IELTS 6.5 or equivalent)
• Transcripts
• GRE Scores
• CV

MIT MFin Program Content

The MFin experience is delivered in both 12-month and 18-month formats and is a combination of required courses and electives.

The same degree requirements would be completed over three or four semesters. The 18-month format gives students the opportunity to complete an internship during their second summer and additional coursework in the fall.

Core Courses: Gain an accurate and analytical comprehension of information systems. Courses include:

• Project Management
• Risk Analysis and Management
• Financial Markets
• Advanced Financial Mathematics
• Accounting
• Finance Theory
•  Managerial Finance

Electives

These courses help enhance an expansive and deeper understanding of finance roles.

• Technology and Globalization
• Data Analytics
• Business Intelligence Systems
• Risk Modelling
• Social Innovation
• Marketing Management

USEFUL INFORMATION

Duration:12 months.
Location: Boston,USA.

Tuition Fees for 2019 intake: $78000

Constituents of the application package

• Online application form
• IELTS, TOEFL, Academic score (for some international students)
• GRE Score
• A copy of college transcript
• Letters of recommendations 
• Resume
• $150 application fee

MIT MFin Program Student Profile

• Class size : 119
• 29 nationalities on the programme
• 37% female intake
• 63% male intake
• 88% international students
• Average GMAT-726

MIT MFin Program Placement Statistics

The employment rate is high for MIT MFin Program graduates with many having six-figure salaries.92% Graduates who receive job offers within 3 months of graduation.

Overall MIT MFin Program placements are pretty good, and hence the MFin Program is an attractive proposition for most people.

Sectors students were placed in:

Some notable companies recruiting from the MIT MFin program

APPLICATION  ESSAY  INSIGHTS

Each applicant must submit essays. This your opportunity to help reviewers better understand your academic objectives and determine if you are a good match for the field to which you are applying.

Essay: The mission of the Master of Finance program at MIT Sloan is to create the next generation of principled, global financial leaders with state-of-the-art training in modern finance theories and methods.

The program attracts the best and brightest students who go on to advance financial management practice and improve the world. Please draw upon experiences from the past three years.

• Please discuss past academic and professional experiences and accomplishments that will help you succeed in the MFin program. Include achievements in finance, math, statistics, and computer science as applicable.
• Describe your short-and-long-term professional goals. How will the MFin degree help you achieve these goals?
• Share personal qualities that will enable you to contribute to the advancement of our mission.

Relevant, verifiable details, such as awards, rankings, media references, etc., are requested. This essay contains 3 distinct points; please address each point in your essay AND your entire response should be 500 or fewer words.

Optional Question

The Admissions Committee invites you to share additional information about yourself, in any format. If you choose a multimedia format, please host the information on a website and provide us with the URL. Please keep all videos and media limited to 2:00 minutes, or LESS, in total length. Please ensure you provide an unprotected link (no password required).

As you can see the MIT MFin program application is pretty extensive, & this is a good thing as they want to ensure only top quality students make it through the application process. So make sure you have perfect SOP’s and stellar LOR’s as they WILL make or break your case

Once you are done with your application, the MIT board reviews it and if shortlisted you would be called for an Interview round for the MIT MFin Program.

We hope the MIT MFin Review was useful to you, all the information has been sourced by the MIT Site, and for more data you should visit there.

MIT MFin Homepage