Overview

Modern finance is a high-tech industry, requiring increasingly sophisticated quantitative tools to assess and manage risks and returns. The development of modern finance came in part from breakthroughs in research, including the Black-Scholes-Merton derivatives pricing model, the Cox-Ingersoll-Ross model of the term structure of interest rates and the Modigliani-Miller theorems on corporate financing and valuation. Much of this research was pioneered by MIT faculty, and in some cases these pathbreaking ideas appeared in the MIT Sloan curriculum well in advance of their widespread adoption by industry professionals.

Following in this tradition of innovation and excellence in analytical finance, the MIT Sloan School of Management offers a new degree program, the Master of Finance (M.Fin.). Designed to prepare students for careers in the financial industry, this one year program consists of required and elective courses, a proseminar, and an optional Master's thesis.

In addition to the traditional synergies among economics, finance and accounting, the program exploits intellectual ties between finance and mathematics, statistics, operations research, computer science and engineering.

The program is appropriate for recent undergraduates; those who have several years of work experience in the finance industry or for engineers, mathematicians, physicists, computer programmers or other high-tech professionals seeking a career change into the finance world.

For further information about MIT Sloan's finance faculty and their research, please visit the Finance Group Web site.