“Going into the industry, obviously it is great to have a background at a school like MIT. Getting the MFin degree helps open doors.”
Suggested Background Work and Self-Assessment
Suggested Mathematical Background
Listed below is an outline of mathematical background that we think is desirable to have in order to be successful in the most challenging of courses in the program.
Linear algebra: Basic topics, including: matrix/vector notation, operations on matrices and vectors, determinants, eigenvalues and eigenvectors, quadratic forms, systems of linear equations. At the level of Lang, Linear Algebra, 1987, 3rd Edn., Chapters 1-8.
Calculus: Multivariate differentiation and integration, function maximization. At the level of Larson and Edwards, Calculus, 2009, 9th Edn., Chapters 4, 13.
Probability: Law of large numbers, Central Limit Theorem, moments of distributions, conditional expectation and Bayes rule, commonly used distributions, multivariate distributions, independence. At the level of DeGroot and Schervish, Probability and Statistics, 2002, 3rd Edn., Chapters 1-5.
Statistics/Econometrics: Parameter estimation, confidence intervals, hypothesis tests, ordinary least squares, likelihood principle. At the level of DeGroot and Schervish, Probability and Statistics, 2002, 3rd Edn., Chapters 6-8, 10.
Computer literacy: Basic programming experience. We use Matlab, Java, C, Fortran, VB, etc. would provide sufficient foundation for quickly learning Matlab features.
To assess the adequacy of your mathematical background, please use the following self-assessment test. If you experience difficulties in any particular area, we strongly recommend that you strengthen your skills through self-study or formal coursework prior to enrolling in the MFin program.
Please consider the following resource should you require prep-work:
(1001HB, 4001HB) http://web.hbr.org/store/landing/courses/
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“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.”
“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.”
"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 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."
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
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“[The India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”
"Over the years, MIT has produced many leaders in the financial industry. As the field progresses, there is a growing demand for students and professionals with rigorous finance training who also can master specialized technologies. This program is a response to the growing demand in the industry."