• Business School
    • Free MBA Admissions Consultation
    • MBA Admissions Services
    • School-Specific MBA Essay Tips
    • Executive MBA Essay Tips
    • MBA Admissions Calendar
    • Free Guides
    • Video Tips
    • Podcast
    • Selectivity Index
    • EMBA: The Ultimate Guide for Applicants
  • Medical School
    • Free Med School Admissions Consultation
    • Med School Admissions Services
    • Med School Admissions 101
    • Secondary Essay Tips (by School)
    • Student Interviews
    • Free Guides
    • Video Tips
    • Podcast
    • Selectivity Index
  • Law School
    • Free Law School Admissions Consultation
    • Law School Admissions Services
    • Law School Admissions 101
    • Selectivity Index
    • Free Guides
    • Podcast
    • Video Tips
  • Graduate School
    • Free Grad School Admissions Consultation
    • Grad School Admissions Services
    • Grad School Admissions 101
    • Free Guides
    • Video Tips
    • Podcast
  • College
    • Free College Admissions Consultation
    • College Admissions Services
    • Free Guides
    • Supplemental Essay Tips
    • Video Tips
    • Podcast
Accepted

Speak with an Accepted admissions expert for FREE!

Blog HomePodcastContact Us

Accepted Admissions Blog

Everything you need to know to get Accepted

September 23, 2014

Reading Time: 2 minutes

MIT Master in Finance – Is It the Right Fit for You (and Vice Versa)?

Listen to our Popular Podcast Episode - Masters in Finance: What You Need to KnowPracticality is the essence of MIT’s Master in Finance program. It’s just one year, as opposed to numerous MFin programs that are 1.5 to 2 years, and, as the website notes, it was developed “as a direct response to demand in the financial industry.” In spite of the short duration, the program offers flexibility to tailor it to your needs. Moreover, it’s an “early career” program – students’ pre-program experience averages 0-4 years, according to the website, with about 50% coming directly from undergrad.

Here are some additional distinguishing elements of the program:

• Its location in the business school deepens its opportunities; you’ll take some courses with MBA, PhD, and Sloan Fellows students, giving you direct access to people with deep experience and networks across many industries and functions. You can also participate in certain clubs such as Venture Capital and Private Equity Club.

• The flexibility extends to the option to take some courses at the School of Engineering and/or School of Science.

• The practical nature of the program includes a Finance Research Practicum, which addresses real-world situations and problems.

• The opportunity to build strong, enduring relationships arises from the extensive small-group work, which also prepares you to succeed in an increasingly interconnected and team-focused work environment.

• Career development is an ongoing focus from the first semester, with a “Career Core” curriculum. There are also career treks and opportunities to explore industry segments.

• About 88% of 2013 graduates received employment offers as of October 2013, notes the Employment Report.

• It’s a truly global program, with 84% of students from outside the US.

Now, what does it take to win access to these delectable resources and opportunities? With an acceptance rate of around 10%, a lot.

• Solid academic achievement and test scores, with average GPA of 3.7 (in programs spanning various disciplines, from economics and math to engineering and business to humanities and science), GMAT mid 80% range 700-770, with quant 48-51; GRE quant mid 80% range 161-170.

• Prerequisite quantitative coursework – if you click on the link, scroll down and take the self-assessment!

• Most desired personal qualities are ability to collaborate, willingness to think/look outside of the proverbial box (a classic MIT value), and high motivation (use your essays to demonstrate these qualities).

• While many students have no official professional experience, the adcom wants to see at least a related internship, so that students come with some practical exposure.

• Interviews are selective (about 30%) and by invitation only; every accepted applicant is interviewed (about 30% of those interviewed are admitted).

• Good news for internationals: a TOEFL score is not required!

By the way, on the program’s website there is an extensive and thorough discussion of recruiting, careers, etc. in the FAQ – I recommend perusing it.

Click here for the lowdown on one of the most up and coming specialized masters programs in the business world.

Cindy Tokumitsu By Cindy Tokumitsu, author and co-author of numerous ebooks, articles, and special reports, including Why MBA and Best MBA Programs: A Guide to Selecting the Right One. Cindy has advised hundreds of successful applicants in her fifteen years with Accepted.com.

Related Resources:

• MIT Sloan B-School Zone
• Princeton University Master in Finance: Is It Right for You, and Are You Right for Princeton?
• The Facts About Financial Services

Article by Cindy Tokumitsu / Grad School Admissions, MBA Admissions / Masters in Finance, MiF-Program-Overviews, MIT

Get Accepted!

Sign up for a free consultation today!

Which program are you applying to?

Most Popular Blog Posts

1. 7 Simple Steps to Writing an Excellent Diversity Essay

2. 4 Ways to Show How You’ll Contribute in the Future

3. How to Write About Your Research Interests

4. Tips for Answering the Yale University Supplemental Essays and Short Answer Questions [2022-2023]

5. When Will Medical Schools Give You an Answer?

6. Sample Essays from Admitted HBS Students

7. Tips for Answering the University of Pennsylvania Supplemental Essay Prompts [2022-2023]

8. Top STEM MBA Programs: A Comprehensive List and Overview of STEM-OPT Eligible B-Schools

Sample Essays

MBA Personal Statement Examples

Medical School Personal Statement Examples

Graduate School Personal Statement Examples

Law School Personal Statement Examples

College Application Essay Examples

 

This Site is Featured on GMATClub

Home Page Services and Prices MBA Med School Law School Grad School College

About Us Press Room Contact Us Podcast Accepted Blog
Privacy Policy Website Terms of Use Disclaimer Client Terms of Service

Accepted 1171 S. Robertson Blvd. #140 Los Angeles CA 90035 +1 (310) 815-9553
© 2022 Accepted

BBB A+ RatingStamp of AIGAC Excellence

Copyright © 2023 · Education Pro Theme on Genesis Framework · WordPress · Log in