“After eight years in software, I started to think about what I really wanted to do. . . . Finance was my biggest hobby.”
Many leaders in the field consider MIT Sloan the birthplace of modern finance. Pioneers like Fischer Black, John Cox, and Stewart C. Myers, as well as Nobel laureates Paul Samuelson, Robert C. Merton, Myron Scholes, and Franco Modigliani, all belong or have belonged to the MIT Sloan Finance Group, a major force of change in the industry.
Formed long before other business schools recognized finance as a distinct field of study, the MIT Finance Group is responsible for many of the research breakthroughs that have shaped finance theory and practice over the last 40 years — and continue to do so today:
• The Black-Scholes-Merton derivative-pricing model
• The Modigliani-Miller theorems on corporate financing and evaluation
• The Cox-Ingersoll-Ross model of the term structure of interest rates
Building on pathbreaking work in market efficiencies, dynamic portfolio choice, and long-run risk management, members of the MIT Sloan faculty continue to push the frontiers of finance. They are advancing the field of financial economics while generating innovations and leading-edge management practices critical for leadership in today’s complex global economy. MFin students have front-row access to their latest research.
Faculty currently teaching in the MFin program.
"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."
“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.”
“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 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 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 India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”
“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.”
“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.”
“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 can honestly say that when I was planning on coming to business school I never thought that witnessing the birth of a child would be included in the education. It was definitely an experience.”
“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.”
“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.”
“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.”
“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."
“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.”
“I view the MFin as a great addition to the MIT Sloan curriculum since it allows students to choose from a large set of educational options tailored to their specific needs. If we have learned one thing from the financial crisis, it is that we need professionals who deeply understand finance and can communicate it, rather than those who think they understand! The MFin is designed to help students develop exactly those types of skills.”