The MIT Sloan School of Management is a unique type of business school. They aren’t working on a better widget or attempting to cash in on the newest business trend. They aren’t discussing management in a theoretical sense. They are bringing together today’s best brains to address global challenges as part of the world’s leading scientific organisation.
Highlights
- The Master of Finance programme at MIT emphasises a foundation in how markets work and is built around the most sophisticated financial theories, quantitative models, and industry practises. It is an 18-month STEM programme with the opportunity to extend to 12 months.
- Financial engineering, impact finance, capital markets, or corporate finance are the four concentrations accessible to students. Completing a concentration is optional and does not count toward your degree.
- Required core and advanced classes, restricted electives, action learning, ethical modules, a programming literacy test, and an optional master’s thesis are all part of the curriculum.
MIT Master of Finance Acceptance Rate
- A premium university, such as this, has tough requirements that should make anyone sweat, which is understandable considering the institute’s high-quality courses, programmes, and top-notch faculty.
- With a 10% acceptance rate, the chosen student must also have strong academic accomplishments and test scores.
- You should have a 3.7 GPA on average (in programmes spanning various disciplines, from economics and maths to engineering and business to humanities and science). GMAT scores range from 700 to 770 on the mid-80% scale, with quant scores ranging from 48 to 51. GRE quant scores are in the mid-80 percentile, ranging from 161 to 170.
So, that’s a high-level overview of everything that’s required to be accepted into an MIT finance course.
How to get into MIT as an international student
With a 10% acceptance rate, getting into MIT’s Master of Finance programme is no easy task. The mathematical background and programming skills that students are expected to have in order to be successful in the program’s most rigorous courses are outlined below.
| Linear Algebra | Matrix/vector notation, matrices and vector operations, determinants, eigenvalues and eigenvectors, quadratic forms, and systems of linear equations are all covered. |
| Calculus | Differentiation and integration of multi variables, series expansions, and function approximation and maximisation. |
| Probability | The law of large numbers, the central limit theorem, joint distributions, covariance, correlation, and stochastic independence, as well as sample spaces and random variables, common distributions and densities, moments of distributions, conditional probability, and Bayes’ theorem, the law of large numbers, the central limit theorem, and Bayes’ theorem. |
| Stochastic Processes | Random walks, Bernoulli trials, Markov processes, basic features of linear time series models, continuous-time processes, and Ito’s dilemma are some of the concepts covered in this course. |
| Statistics/Econometrics | Parameter estimation, confidence intervals, hypothesis tests, linear regression models, ordinary least squares, and the likelihood principle are all terms used to describe how to estimate parameters. |
| Computer Literacy | Basic programming abilities are required for students entering the MIT MFin programme in order to process and analyse data. All MFin students must pass the programming aptitude test as part of their degree requirements (PAT). |
What if you don’t have the ideal MIT Master of Finance profile?
Most people may not have ideal grades or scores, but they can compensate by highlighting their other skills. Take, for example, your letter of recommendation.
- Letter of Recommendation
At MIT, all applicants are required to provide two letters of recommendation. A math or science instructor (“Evaluation A”) and a humanities teacher (“Evaluation B”).
You should definitely consult a teacher who has taught you in a high school academic class. This should ideally be a teacher who understands you as a person rather than just a test-taking pupil.
We’ve found that teachers who know an applicant well as a student and a person write the greatest references.
- Interview
In addition, your interview is crucial to your admission because a great interview increases your chances of being accepted. Always keep in mind that while a poor or average interview is not ideal, it is unlikely to jeopardise your application.
There have undoubtedly been students admitted to MIT who did not perform well in their interviews.
MIT Master of Finance Admission Requirements
As a result, if you want to apply to MIT Sloan, you’ll need to gather a range of papers to help them evaluate your qualifications. Remember that by the application deadlines, all materials must be submitted online.
| RESUME | LETTERS OF RECOMMENDATION | OPTIONAL QUESTION |
| ESSAY | ACADEMIC RECORDS (TRANSCRIPTS) | TEST SCORES |
| VIDEO ESSAY | SUBMITTING YOUR ONLINE APPLICATION | APPLICATION FEE |
Conclusion
As a result, the MIT Master of Finance programme seeks talented, ambitious candidates who are enthusiastic about finance. Engineers, mathematicians, physicists, computer programmers, and other high-tech specialists, as well as recent graduates and early career professionals in finance, are urged to apply.
As a result, each applicant’s academic and professional achievements are evaluated. And if you aspire to be one of them, now is the time to fasten your seatbelts and prepare for your acceptance!
