Application Instructions:
Admission for July 2013
- Résumé
- Essays
- Letters of Recommendation
- Academic Records (Transcript)
- Test Scores
- Application Fee
- Interview Policy
Résumé
Please prepare a business résumé that includes your employment history in reverse chronological order, with titles, dates, and whether you worked part-time or full-time. Your educational record should also be in reverse chronological order and should indicate dates of attendance and degree(s) earned. Other information appropriate to a business résumé is welcomed and encouraged. The résumé should not be more than one page in length (up to 50 lines).
Essays
We are interested in learning more about you and how you work, think, and act. For each essay, please provide a brief overview of the situation followed by a detailed description of your response. Please limit the experiences you discuss to those that have occurred in the past three years.
- Essay 1: The mission of the MFin program is to create the next generation of global financial leaders with state-of-the-art training in modern finance theories and methods and an appreciation of the ethical implications of finance. Our program attracts the best and brightest students who go on to advance financial management practice and improve the world. Please tell us about past experiences, accomplishments, and personal qualities that will enable you to contribute to the advancement of this mission. (Up to 500 words)
- Essay 2: What type of career are you looking for upon completion of the program? What have you done to prepare, and how will this program help you achieve your career aspirations. (Up to 500 words)
Supplemental Information (Optional)
The Admissions Committee invites you to share anything else you would like us or your future classmates to know about you. This may be in written or multimedia format. Written essays should be 300 words or fewer (limit of 2000 characters).
Suggestions for multimedia: Please do not use Flash, and include a URL where it can be accessed online. Files in Dropbox or any link that is password-protected or set to expire have been problematic. We are looking for a link to content hosted online, and we cannot accept any uploaded files.
Recommendations
Please submit three letters of recommendation. One of the recommendations should be from an academic source. One recommendation should be from a supervisor at an internship or job. The third recommendation can be from someone at your discretion.
Recommenders must submit recommendations online. We do not accept mailed recommendations. Each recommendation should not exceed two pages.
Please choose recommenders who are able to provide specific answers to the following questions:
- How long and in what capacity have you known the applicant?
- How does the applicant stand out from others in a similar capacity?
- Please tell us about the applicant's academic ability and/or problem-solving skills.
- Please give a representative example of how the applicant interacts with other people.
- Please tell us anything else you think we should know about this applicant.
Academic Records (Transcripts)
Please scan and upload copies of your academic records. Do not mail in your official academic records or transcripts.
Relevant Coursework: If applicable, please include details for economics, finance, math/statistics, or other relevant coursework completed, using short answer fields in the application.
Applicants admitted to the program will be required to provide an official transcript from each school attended. All admitted students will receive further instructions after the decision deadline on where to send the materials. Any discrepancy between the scanned transcripts and official transcripts may result in a rejection in our decision or a withdrawal of our offer of admission.
Test Scores
The GMAT or GRE is required of all applicants and must be taken before submitting your application. Once your online application is submitted, we will not allow replacement of your test scores. Only tests taken after September 1, 2008, will be considered. We require that the official GMAT/GRE test scores are sent to us by the application deadline. We understand that sometimes it takes 1-2 weeks for the test centers to release the scores. Therefore, it is acceptable if we receive the scores shortly after the application deadline.
MFin applications whose first language is not English must submit valid IELTS or TOEFL scores. The IELTS/TOEFL requirement may be waived for those who have earned or by the time of enrollment in the MFin Program will have earned a bachelor's degree in four years in a country where English is the primary language. A two-year graduate degree from an academic institution in a country where English is the primary language is not sufficient to waive the IELTS/TOEFL requirement.
MFin GMAT School Code: X5X-QS-69
MFin GRE School Code: 3845
TOEFL Institution Code: 3845
Application Fee
MFin Application Fee: $100.00
The application fee is payable by credit card online when you apply. You will be prompted for payment information after pressing the “Submit Application” button. If you wish to pay by means other than a credit card, you must send an email to adcom@sloan.mit.edu at least one week before you intend to submit your online application. College seniors with US citizenship, graduating from a U.S. institution and active U.S. military personnel may request an application fee waiver by emailing adcom@sloan.mit.edu prior to submitting their application. Please include your school name, graduation date, and the email address used to create the application. The application fee is non-refundable.
Submission of Your Online Application
The online application is due at 3 p.m. Eastern Time on the deadline dates. You may complete and submit the online application at any time before the deadline. Save your work before moving to the next page and print a copy for your own records.
Interview Policy
Interviews are by invitation only. Our goal is to interview all candidates accepted into our programs. An invitation to interview thus signals that your application has reached an advanced stage of consideration, but does not guarantee admission.
Candidates will be invited to interviews by email, up until the decision deadlines. Decisions will be released early for some candidates who will be denied admission without an interview. Interviews will be conducted at MIT Sloan and in several key regions around the globe. Please indicate on the application the preferred location for your interview; in some cases, we may conduct interviews by telephone. Please note that interviews are conducted on weekdays and during business hours.
“Our mission, along with the mission of MIT Sloan, is to both develop leaders who make a difference in the world, and also to make a contribution to thinking about the topic of leadership.”
"The relationships that we forged helped us to turn out a better project. We were able to test our hypotheses with the people that we spoke with every single day. And really, I think the friendships that you develop really propel the work that you’re doing."
“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.”
“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.”
“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.”
“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!”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
"The classroom itself is filled with so much collective brain power . . . it's obvious that I'm caught up in a room full of 124 of the brightest, most curious people from around the world."
“[The India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”
“I took finance courses from Nobel laureates Franco Modigliani, Myron Scholes, and Robert Merton. That unbelievable experience led me to seek a PhD in finance and build a consulting and money management business that utilized options and hedging insights first taught to me by those legendary professors at MIT Sloan.”
