Finance Research Practicum & Proseminars

The Finance Research PracticumTM and Proseminars are graduate-level finance elective courses in which students work in teams on projects proposed by external sponsors. The goal is to provide students with an outstanding opportunity to work with leading industry practitioners on important business problems, while helping them bridge the gap between theory and practice, and introducing them to the broader financial community.

Finance Research PracticumTM Process

The course is full-time during the month of January and includes some preparation and follow-up before and after the fulltime experience. The projects address real business problems and involve the use of one or more advanced technical skills, including financial econometrics, simulation, derivatives valuation, optimization, and related software and programming languages.

Finance Research PracticumTM Opportunities

Example projects have included: developing a model for valuating and hedging variable annuity guarantees; building a prototype for a model for valuing and hedging Brazil interest-rate options; creating an agent-based model of the stock market that generates endogenous volatility; and analyzing the history of commercialization of university-based research in the Boston area and identify common attributes of successful ventures.

Proseminars

Proseminars offer students an outstanding opportunity to work with leading industry practitioners on authentic industry problems, help students bridge the gap between theory and practice, and introduce them to the broader financial community. Students work in teams to tackle problems posed by company sponsors and present findings to leading experts in the finance industry and to classmates.

Project examples:

  • Provide investment banking advice to a private equity-controlled chemical company, including valuation, analysis, and exit strategies.
  • Analyze the cost of trading foreign exchange for a major New York-based asset management firm.
  • Construct a rainy day fund that will perform well when equity prices are falling, volatility in increasing, and credit spreads are widening for a significant Boston-based hedge fund.
  • Give recommendations on raising capital for a rapidly growing private company. 
G-LAB: MERCY CORPS, INDONESIA Using business principles to address malnutrition

“The conditions in the neighborhoods we were visiting were different than what we realized before getting there. Beyond that, what was surprising was that there weren’t surprises!”

Libby Putman
MBA
G-LAB, KUALA LUMPUR Assessing the future of the Smart Card
"You have to manage what you can deliver for the company and what the company is expecting. The bottom line is that the CEOs of those companies want results. Even though we have to work five months in a row with the project, we have to deliver. This experience is more pragmatic than academic. It's a good opportunity to match those two worlds."
Camilo Syllos
MBA
G-LAB: PRIVATE HEALTH CARE IN AFRICA Defining growth at a for-profit clinic

“At MIT Sloan you have a lot of opportunities to explore entrepreneurship. Especially in a place like Kampala where you have a lot of development, entrepreneurship can be very exciting.”

Anne Reilly
MBA
$100K WINNERS: C-CRETE TECHNOLOGIES Reducing the environmental impact of concrete

“One of the reasons I came to Sloan was because I wanted to be at a top MBA institution worldwide. But I also wanted access to working with the latest innovations and the highest technology that was coming out of the MIT labs.”

Natanel Barookhian
MBA
MIT LEADERSHIP CENTER Changing views of leadership

“We are very much an action-learning environment. The way to learn leadership is not only through reading cases, not only through learning theory — in fact we don’t want people to regurgitate the theory. We want people to take theory and to live it, use it.”

Deborah Ancona
Faculty Director, MIT Leadership Center
G-LAB: INTERGRUPO, COLOMBIA Growing a business by cultivating relationships

"After we gave our recommendations, the great part was that the very next day the CEO was in the boardroom implementing them with his top vice presidents."

Ramy Hakim
MBA
S-LAB: JAKARTA WATERSHED Combating a clean water crisis

“You could talk about watershed management and conservation of energy all you want. But until you put numbers to it and financial analysis to it, you’re not going to get much done. I came to business school to speak that language, speak with people in terms of numbers, financial numbers so that I can get projects done.”

Ian Lavery
MBA
CENTER FOR INFORMATION SYSTEMS RESEARCH Bringing people and machines together

“The concept behind enterprise architecture is that you have all these machines, you have all these business processes, you have all these people doing things, how do you make sure they all come together and achieve business objectives that make you more competitive.”

Jeanne W. Ross
Director and Principal Research Scientist, CISR
G-LAB: WARMBATHS HOSPITAL, SOUTH AFRICA Improving staffing at a maternity ward

“The assistant to the CEO was like our host mom while we were there. She arranged our housing for us, she took us out to her friend’s game farm, and we got driven around in 4x4s. She was just wonderful to meet, and we developed a personal as well as professional relationship with her.”

Kelsey McCarty
MBA
INDIA LAB: BANGALORE Working toward market expansion

“[The India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”

Katie Baron
MBA
COURAGE AND STRENGTH Supporting a student with breast cancer
"The Sloan community really rallied around me in a way that I totally didn’t anticipate. … It was just really nice to be a part of a community that I was totally comfortable in and felt completely supported by."
Kyle Maner
MBA
INSTITUTE FOR WORK AND EMPLOYMENT RESEARCH Adapting to the changing nature of work

“We’re very interdisciplinary. Among the faculty in the group are an economist, a political scientist, a sociologist, and an industrial relations specialist. We’ve always made a big effort to be open to a variety of perspectives, but also to go beyond being open to them, to want to bring them in, because it makes for a richer environment.”

Thomas Kochan
Co-director, IWER
G-LAB, RAS RESORT, INDIA Marketing in Mumbai
"The network of alumni was helpful because our team had a lot of experience in consulting, but not in private equity."
Gerardo Guzman
MBA
G-LAB: NAM MEE BOOKS, THAILAND Helping a book publisher mature

“It was really rewarding that they wanted to know what we thought. We left there being fairly certain that they will do some of the things that we suggested.”

Lia Cavalcante
MBA
LEADERS FOR GLOBAL OPERATIONS Connecting management and technology
“We are preparing leaders to run the world’s operations companies. And those leaders are at the cutting edge of both management and technology.”
Don Rosenfield
senior lecturer and director of the Leaders for Global Operations
RETAIL AND CONSUMER GOODS Luxury beauty and the multicultural consumer
"The goal of the Retail and Consumer Goods Club is to provide networking opportunities for students at MIT Sloan, and to educate students about different functions within the retail and CPG space. We bring in executive-level speakers to educate our community on this topic."
Nga Phan
MBA, co-president of Retail and Consumer Goods Club
SWITZER FELLOWSHIP WINNER JASON JAY Focusing on environmental research and leadership

 “I love being in a place that is such a nexus of people and ideas — people coming to learn something new and to define themselves. Being a part of that process is a real honor and a real gift.”

Jason Jay
Lecturer, Sustainability, MIT Sloan
INDIA LAB: EDUCATIONAL ENHANCEMENT Creating employable workers to boost the economy

“I knew about American business, but not enough about what’s really become a global economy. … You can read about it all you want, but there’s no substitute for being there and seeing the context and seeing how completely different these [other countries] are.”

Ted Chan
MBA
SLOAN FELLOW Getting serious about going global
"This year we were so fortunate to have 26 nationalities. So it was amazing exposure. I feel much more well rounded as a global business maker than I was before."
Abner Oliviera
SF
G-LAB: AIDS IN TANZANIA Striving for economic empowerment

“Because of the diversity of our backgrounds, when we hit the ground in Tanzania it almost was a natural play where different people assume different roles.”

Krishna Venugopalan
SF
SLOAN FELLOW Merging disciplines for climate change
"I needed to get a better understanding of the interaction of management and technology. And I think MIT is an obvious place for that. There’s probably no better place in the world [for learning] how technology and management interact."
Pascal Marmier
SF

“As for the faculty, you'll quickly find that your professors – whether Nobel laureates or past presidents of the American Finance Association – are as passionate about teaching as you are about learning from them. MIT Sloan finance professors see you as their partners in shaping the future of finance.”

- Leonid Kogan
Nippon Telegraph and Telephone Professor of Management