MIT Sloan MIF
Rankings | Class Profile | Employment Report | Sample Essay | Interview Questions
MIT Sloan MIF 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. MIT Sloan MIF Class Profile brings together diverse students with different goals in its portfolio. The program is adaptive to meet students specific requirements across a broad range of premier career opportunities in sought-after established financial institutions, corporations, consulting firms, the public sector, and fintech. Scroll down for further information on MIT Sloan MIF Average GMAT, MIT Sloan Mif Class Profile, MIT Sloan MIF Application Process, employment report, MIT Sloan Mif fees, and more.
WHO IS IT FOR?
MIT Sloan Master of Finance programme is for people who are coolheaded, precise thinkers with a talent for numbers, a passion for finding the right answers, and a desire to launch a career in finance.
WHAT WILL YOU LEARN?
MIT Sloan Master of Finance will help you to learn fundamental tools and concepts and develop a broad, international perspective on competitive capital markets. You’ll learn how successful companies connect finance and strategy, and hone your ability to make decisions.
WHERE WILL IT TAKE YOU?
Common new graduate roles for the MIT Sloan MIF class profile include:
Financial services (investment banks, hedge funds, regulatory agencies), Consulting, Fintech, Or financial and management positions including Services.
MIT Sloan MIF Program
MIT Sloan MIF Review
|12 or 18 months
|QS World Global MIF 2020 Ranking
|MIT Sloan MIF Fees
|MIT Sloan MIF Application Deadlines
|6 January 2020 (For intermediate deadlines see application deadline section)
|MIT Sloan MIF Application Process
|. GMAT/GRE score
· Three letters of recommendation
· English language proficiency test report (IELTS/TOEFL)
. CV (For more details see application process section)
MIT Sloan MIF Program & Curriculam
MIT Sloan MIF Rankings
MIT Sloan MIF Students Academic Backgrounds
|Maths & Science
MIT Sloan Master of Finance Placements Facts
- 99% received full-time offers within 6 months of graduation
- 72% accepted full-time offers in the U.S.
- 100% of students in the 18-month format conducted internships
- 61% received a full-time offer from their summer internship employer
- 600+ individual career advising appointments
- 96,000 Average base salary (U.S. dollars)
MIT Sloan Alumni Info
Students at MIT’s Operations Research Center develop strong, lasting relationships with their peers, as they worked side by side using and analyzing data to solve problems together. There are 24,000 MIT Sloan alumni in 90+ countries.
Eligibility for MIT Sloan MIF Application Process
- Excellent written and spoken English (TOEFL – 90 iBT /IELTS 6.5 or equivalent)
- GMAT (710-750)
Documents required for MIT Sloan MIF Application Process
- Online application form
- TOEFL, IELTS
- GMAT or GRE
- All official Transcripts
- 3 letters of recommendation (academic, professional , either of both)
- Short answer questions
- 2 Video questions
- Non-refundable application fee of $150.00
Tuition & Fees: $85,807
Estimated Personal (including medical insurance) and Living Expenses: $44,683
Tuition & Fees: $118,177
Estimated Personal (including medical insurance) Living Expenses: $62,963
The Aker Scholarship is a grant awarded to Norwegian students pursuing the MFin [or MBA, MBAn] at MIT Sloan. MIT is one of the selected few universities to receive this scholarship. Funding is available to Norwegian students and those with strong ties to Norway who are accepted into post-graduate degree programs. The scholarship will supplement any other funding to cover the full cost of study and living expenses. For more information and to apply, visit the Aker Scholarship website.
Instituto Ling’s fellowships are open to all Brazilian students who have been accepted to top schools. Required documents include the candidate’s CV, GMAT results, admission letter from the university, and the application, including essays. The candidate must provide information on his/her family’s financial condition in order to prove financial need. The candidate’s leadership skills and affinity to Instituto Ling’s values are also evaluated.
The Legatum Center for Development and Entrepreneurship offers financial assistance to select entrepreneurial graduate students at MIT. Their application process is separate from MFin Admissions. The fellowship is open to all MIT graduate students who demonstrate a commitment to starting a business in a low-income country after graduation. Please visit the Legatum Center website for more information and to apply.
MIT Sloan Master of Finance Sample Essays
Please describe a time when you convinced an individual or group to accept one of your ideas.
In my third year of college, I decided to contest Student Union elections for the post of General Secretary. I wished to take up this role as I was deeply interested in representing the interests of the student community effectively to the administration. Nominating myself for general secretary required me to harness the support of wide sections of people and ensure that my candidature was a popular choice. The formation of my campaign team was preceded by a lot of interactions where I had to convince my peers of the merits of my nomination and my manifesto. The task was challenging since it meant convincing not only my batch mates and junior students but also senior students who were more aware of the issues since they had spent more time on the campus.
I realized that the biggest pain point for students’ community was the power outages while villages surrounding campus were reeling from drought-induced water shortages. I put an initiative to sensitize the student population about water and power conservation measures and increase awareness of eco-friendly practices. Initially, this manifesto promise met with skepticism from the election commission and from fellow contestants. During the election debate, an event that is eagerly followed by the electorate on the eve of the election to make an informed choice using their votes, my proposal was put to the test. I decided to use this platform as an opportunity to convince the student community of the necessity of this initiative and of the fruits it would accrue.
I fielded various questions put forth by the election commission panel, by my opponents and by the audience that probed the viability of this idea, the plan of action that I had visualized and my willingness to follow it through. My performance at the debate combined with my campaign team’s efforts garnered support and approval for this initiative. Though I lost the elections narrowly due to political reasons, I approached the winning candidate to get it implemented in his tenure. I convinced him by showing value in my proposal and assured him that I would take complete ownership of the project. We started out by pasting small “switch off” posters in common rooms, hostel rooms, and near bathrooms and screening awareness videos during cultural events. Gradually our effort gathered momentum and we held membership drives and reach-out sessions on a regular basis.
My determination to see change happening in my student community would not have crystallized into action had it not been for my efforts to get my fellow students to see the larger picture. Inspired by the prospect of positive changes I had envisaged, the members of subsequent batches ensured that it grew significantly in proportion and purpose after I graduated. This initiative has grown into NGO ABC, an NGO that has spread its roots into college campuses across India. As one of the founders, I take pride in my persistence in bringing about an attitudinal shift in my community.
Please describe a time when you took responsibility for achieving an objective. (500 words or less, limited to one page)
I work with Custom Pharmaceutical Services (CPS), a strategic business unit of Company 1, operating in the Contract Research and Manufacturing (CRAMS) space. In this business Customer Information security and confidentiality play a critical role in the client’s outsourcing strategy.
CPS’s management was highly concerned about the customer trust that Company 1, with its image as a “generic company” might inspire. Hence, to counteract this perception it was decided to make our information security systems compliant to international information security standards. It was a tough ask as this exercise had not been attempted before in Company 1 and our management had placed this project on high priority. As I was working closely with our business unit head at that time, I was a part of the initial discussions on this initiative. I understood immediately that this project would be a great opportunity to work within a cross-functional team and exhibit my leadership potential. I expressed my interest in taking this initiative through and my business head, being impressed with my enthusiasm entrusted me with this responsibility. I was nominated as the Project Manager for Information Security Management System (ISMS), ISO 27001:2005 standard implementation. My key deliverable was to make our information security systems ISMS complaint within six months. After selecting and organizing a 26-member cross-functional team for ISMS implementation, I realized that as first-timers to information security protocol, we needed to acquire an understanding of standard procedures. To address this difficulty, I arranged for professional training providers and later worked with them to create a customized internal training program. Later I set up a curriculum and a team of internal coaches to train my team on fundamentals of standard protocols.
I realized we needed to assess overall awareness of information security at CPS and to discover areas where this understanding could be improved. I collaborated with our Information Technology staff to volunteer to work on online surveys. We got positive results and a 900-strong organization was conversant with basic ISMS requirements and was aware of the corrective and preventive actions that a confidentiality breach entailed. Since each member was involved in multiple projects, motivating them to schedule their regular tasks around ISMS demands was challenging. On unfamiliar terrain and with a tight deadline we were required to work seamlessly. One of the ways I motivated my team was to ask them to take a step back and look at the bigger picture. In January 2009, we were accredited by Organization XYZ for Information security management standard ISO 27001:2005. With this, we became India’s first Pharmaceutical business to get this certification, a definitive competitive advantage. Our team was honored with the “Best Teamwork” award at the annual awards ceremony.
Over the course of this project execution, I discovered that I had a gift for driving a large group of people towards a shared purpose. I realized that when I am pushed I do better; I push boundaries and do not confine myself to the job responsibilities.
MIT Sloan Master of Finance Interview Questions
Interviews are by invitation only. They are a required step in the process. An invitation to interview signals that your application has reached an advanced stage of consideration, but it does not guarantee admission.
Candidates will be invited by email to in-person interviews. Interviews will be conducted on our campus and in several hub cities around the globe. Please note that we make every effort to conduct interviews on weekdays and during business hours.