“I learned about the flexibility of MIT's Master of Finance degree. The degree was unlike any other as it was offered in a business school and allowed students to pursue all sorts of different career options.”
The application deadline for summer 2014 entry has passed. We expect the application for summer 2015 entry to be available in June.
- Optional Information
- Letters of Recommendation
- Academic Records (Transcripts)
- Test Scores
- Application Fee
- Interview Policy
Please prepare a business résumé that includes your employment history in reverse chronological order, with titles, dates, and whether you worked part-time, full-time or as an intern. 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). We provide a résumé template to follow in the online application.
We are interested in learning more about you and how you work, think, and act. Please limit the experiences you discuss to those that have occurred in the past three years.
The mission of the Master of Finance Program at MIT Sloan is to create the next generation of principled, global financial leaders with state-of-the-art training in modern finance theories and methods. Our program attracts the best and brightest students who go on to advance financial management practice and improve the world.
- Please discuss past academic and professional experiences and accomplishments that will help you succeed in the MFin Program. Include achievements in finance, math, statistics and computer science as applicable.
- Describe your short and long-term professional goals. How will our MFin degree help you achieve these goals?
- Share personal qualities that will enable you to contribute to the advancement of our mission.
Relevant, verifiable details such as awards, rankings, media references, etc., are requested. The three responses should be within one essay (750 words or fewer) in total.
The Admissions Committee invites you to share anything else you would like us to know about you, in any format. If you choose to use a multimedia format, please host the information on a website and provide us the link.
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. Please note: We do not accept recommendations from family members.
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. We require that you submit transcripts from any schools whose courses counted towards a degree. If your transcripts are not in English, you are required to translate them. There are several companies, such as WES that offer translation services. We ask that you scan both the original and translated copies and submit them with your application.
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 signed and sealed transcript from each school attended. All admitted students will receive further mailing instructions after the decision deadline on where to send the materials. Any discrepancies between the scanned transcripts and official transcripts may result in a candidate’s rejection or a withdrawal of our offer of admission.
A GMAT or GRE score 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, 2009, will be considered. We require that the official GMAT/GRE test scores be 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 received a four-year undergraduate degree from a program where English is the medium of instruction or the applicant has lived in an English-speaking country for four or more years. 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
MFin Application Fee: $100.00
The non-refundable application fee is payable by credit card when you apply online. 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 firstname.lastname@example.org at least one week before you intend to submit your online application.
We offer fee waivers to the following applicants. Applicants who qualify must email email@example.com at least one week before the application deadline to process these waivers:
- College seniors with US citizenship, graduating from a U.S. institution in 2014 (please include your school name, graduation date, and the email address used to create the application in your email to firstname.lastname@example.org)
- Active U.S. military personnel (please include a scanned copy of your military ID in your email to email@example.com)
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 frequently, and print a copy for your own records. Please note that all required fields are marked with an asterisk (*).
Interviews are by invitation only. All candidates accepted into our program will be interviewed. 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 interview by email at any time up until the decision deadline. Decisions will be released early for some candidates who will be denied admission without an interview. We prefer to conduct interviews in person. 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. Please note that interviews are conducted on weekdays and during business hours.
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“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.”
“For 35 years, we’ve been studying how companies get value from information. … We try to help organizations take a more holistic view of what they are trying to do.”
“[The India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”
“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.”
“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.”
"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."
“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.”
“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 came to Sloan because of its high rankings within the sustainability community, specifically the professors. The S-Lab class itself is part of what drew me to Sloan. And the reason I came to business school was to learn the business speak that really is what connects with people."
"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."
“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!”
“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.”
“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.”
“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 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.”