Master of Finance
How to Apply
Before beginning the online application, read the application instructions thoroughly.
The application process is designed to allow you to introduce yourself and to help us understand how you think, lead and pursue your goals. We are ideally looking for applicants from a variety of educational and professional backgrounds. The most attractive candidates for admission to the MIT Sloan Master of Finance program have a diversity of strengths. The admissions committee looks for a high level of excellence in test scores, grades, communication, leadership, teamwork, innovation and professional experience. Although, the average work experience for our applicants is 0-4 years, an internship or previous work experience in the financial industry has proven helpful.
In response to the challenges of teaching, learning, and assessing academic performance during the global COVID-19 pandemic, MIT has adopted the following principle: MIT’s admissions committees and offices for graduate and professional schools will take the significant disruptions of the COVID-19 outbreak in 2020 into account when reviewing students’ transcripts and other admissions materials as part of their regular practice of performing individualized, holistic reviews of each applicant.
Ultimately, even in these challenging times, our goal remains to form graduate student cohorts that are collectively excellent and composed of outstanding individuals who will challenge and support one another.
For additional information visit the MIT Graduate Admissions website.
The Admissions Committee reviews all applications and will notify applicants of their decision on or before the deadlines listed below. Please note that in the interest of confidentiality, we will only deliver official decisions via your online application.
MFin Program Deadlines – for July 2021 Entry🔗
A complete application for 2021 entry consists of the following:🔗
Please submit a one-page resume (Times New Roman 10-point font preferred) that includes your employment history and academic record. Other information appropriate to a business resume is welcomed and encouraged, including extracurricular activities, awards, and achievements.
For formatting purposes, please use this template and keep in mind these guidelines:
- Please REDACT (remove) name and contact information.
- Education - please list institutions where degree is in progress or was awarded in reverse chronological order. Please feel free to include information about study abroad activities, relevant awards, scholarships, professional societies
- Work Experience - please list in reverse chronological order and include: company name, title, results-oriented bullets that demonstrate your skill set, and dates.
- Additional information - languages, extracurricular activities/community service, technical skills/certifications, special skills/interests (if appropriate)
Short Answer Questions🔗
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. The goal of our program is to attract students who go on to advance financial management practice and improve the world.
Using relevant, verifiable details, such as awards, rankings, media references, etc, please respond to the three short answer questions below. Each response should be 200 words or less.
Question 1: Please discuss past academic and professional experiences and accomplishments that will help you succeed in the Master of Finance program. Include achievements in finance, math, statistics, and computer sciences, as applicable.
Question 2: Describe your short-term and long-term professional goals. How will our MFin degree help you achieve these goals?
Question 3: Please share personal qualities that will enable you to contribute to the advancement of our mission.
Video Question 1🔗
Please upload a one-minute (60 second) video introducing yourself to your future classmates and letting us know why you are interested in the finance industry.
The video should be a single take (no editing) and lasting no more than one minute, consisting of you speaking directly to the camera. You should not use background music or subtitles.
We recommend using applications such as QuickTime or iMovie to record yourself. Upload the video file according to the detailed instructions within the application.
We support the following file formats: .avi, .flv, .m1v, .m2v, .m4v, .mkv, .mov, .mpeg, .mpg, .mp4, .webm, .wmv. Apple ProRes is not currently supported. If uploading a .mov, please use an alternate codec.
Should you experience difficulties uploading your file, please ensure that you're using a modern web browser (Chrome, Firefox, or Safari) on the fastest wired internet connection available. An intermittent or slow internet connection can cause uploads to timeout.
Video Question 2🔗
All MFin applicants must submit a brief video statement in response to a simple, open-ended general interest question. The question is designed to help us get to know you better; to see how you express yourself and to assess fit with the MIT Sloan culture. It does not require prior preparation and will not be a technical question. The Video Question 2 is a part of your required application materials and will appear as a page within the application, once the other parts of your application are completed.
Each applicant receives a randomly generated question and has one minute to prepare a 60-second response.
Letters of Recommendation🔗
Applicants must submit three letters of recommendation.
- One letter must come from someone who can speak to your quantitative abilities.
- If you are a current student, you should submit two letters from your current school.
- If you are working full-time, one letter of recommendation should come from your most recent employer.
The ideal applicant will have two letters from an academic source and one letter from a current or recent employer.
Recommendations may be in either letter or short answer format and 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 give an example of the applicant's impact on a person, group, or organization.
- Please give a representative example of how the applicant interacts with other people.
- Which of the applicant's personal or professional characteristics would you change?
- If you are an academic/technical recommender, please tell us how well the applicant mastered the subject you taught or supervised and in what ways the applicant demonstrated this mastery.
- Please tell us anything else you think we should know about this applicant
Please input the names and contact information for each provider, including the email address. Upon saving the information, the recommender will receive an email with instructions. We prefer that you enter a professional or academic email address, not a personal one.
Lastly, inform your recommenders that in order for your application to be considered complete and on time, they must submit their recommendation on or before the deadline.
Please list all post-secondary institutions that you have attended or are currently attending, including schools you have transferred from and study abroad programs. Please list your degree-granting undergraduate institution first.
In addition, if you have taken non-degree coursework that you would like the admissions committee to consider, please include relevant transcripts.
Please scan and upload your transcript(s) from all schools attended, or currently attending. We require all transcripts to be submitted in the original language, accompanied by an English translation. We accept translations issued by an institution or professional translating service. If you are currently earning a degree, please submit your most up-to-date transcript. Do not mail in your official academic records or transcripts.
We cannot accept "digitally signed" or encrypted transcripts. If you're having difficulty uploading your document, this may be the reason. Print out your transcript, scan it, and upload the PDF.
Admitted applicants to the program will be required to provide an official signed and sealed transcript from all schools attended. Any discrepancies between the scanned transcripts and official transcripts may result in a candidate's rejection or a withdrawal of our offer of admission.
Standardized tests, such as GMAT, GRE, EA, TOEFL, IELTS, are a component of the application process and play an important role in our holistic evaluation process. However, in view of challenges brought about by the coronavirus pandemic, we will allow candidates for the 2020-21 admission cycle to submit their application without the test and review their submitted material as is and without negative inferences. If admitted, candidates will not be required to take a test.
Additionally, applicants are welcome to submit other pieces of evidence, such as expired test scores (GMAT, GRE, EA, etc.); MITx MicroMasters, CORe, edX, MBAMath, or any other non-degree coursework completed; or certifications earned such as CPA, ACCA, CFA, etc; all of which may assist the Admissions Committee in its evaluation process.
We will accept self-reported test scores by the application deadline, and welcome either traditional or online version of exams. Official scores should also be sent using the following school codes:
GRE School Code: 3845
GMAT School Code: X5X-QS-69
TOEFL School Code: 3935 (We will not accept MyBest TOEFL Scores.)
IELTS School Code: MIT Graduate Admissions
Application Fee: $150.00
The non-refundable application fee is payable by credit card when you apply online.
We offer fee waivers to the following applicants:
- Active U.S. military personnel
- Current Teach for America members/alumni
- Current Peace Corps members
- Attendees at special livestream events (application fee waiver notification will be granted post-attendance and you do not to fill out the fee waiver form)
Applicants who qualify must submit the fee waiver form at least ONE week before the application deadline. Your request will be reviewed and you will receive an email with the results. If your fee is waived, you will be able to proceed to submit your application.
Please note that we cannot grant retroactive fee waivers if the application fee has already been paid online.