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.
The application deadline for the MIT Sloan MFin program has passed. The application for summer 2020 entry will be available this summer.
To apply to MIT Sloan, please prepare a variety of materials to help us assess your qualifications. Remember, all materials must be submitted online by the application deadlines.
A complete application for 2019 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 in reverse chronological order. Other information appropriate to a business resume is welcomed and encouraged, including extracurricular activities, awards, and achievements. Please REDACT your name, address, and contact information. For formatting purposes, please list the information in the following order:
- Education - please feel free to include 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)
Essay: 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 draw upon experiences from the past three years.
- 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. This essay contains 3 distinct points; please address each point in your essay Your entire response for all three points combined should be 500 or fewer words.
All MFin applicants must submit a 60-second video essay responding to an open-ended question. You will need to use an internet-connected computer, with a webcam and microphone. The Video Essay tab will appear in the left-hand navigation of your application ONLY after you have completed all other sections of the application. Once you view your question, you will have one minute to prepare your 60-second response. As part of the application review, the Admissions Committee will evaluate your response to assess your communication skills and fit with the MIT Sloan culture. The general knowledge question is designed to help us get to know you better and does not require prior preparation.
Letters of Recommendation
Applicants must submit three letters of recommendation. We require one letter of recommendation from an academic source, one letter of recommendation from a professional source, and the third letter of recommendation can be from either. If you are currently a student, we strongly suggest that the third letter of recommendation be from an academic source. If you are currently working full time, we strongly suggest that the third letter of recommendation be from a professional source.
- We do not accept recommendations from family members.
- Recommendations must be submitted online. We do not accept letters of recommendation via mail.
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.
Academic Records (Transcripts)
Please scan and upload all copies of your academic records from all schools whose courses counted toward a degree. Do not mail in your official academic records or transcripts.
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 completed coursework, 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.
The Admissions Committee invites you to share additional information about yourself, in any format. If you choose a multimedia format, please host the information on a website and provide us with the URL. Please keep all videos and media limited to 2:00 minutes, or LESS, in total length. Please ensure you provide an unprotected link (no password required).
Please keep all written essays to 250 words or less.
GMAT or GRE
If you are a current MIT student or graduate from MIT who meets the eligibility requirements, with a cumulative GPA of 4.2 or higher, the GMAT/GRE is not required.
For those not in this category, the GMAT or GRE is required of all applicants. We accept both the GMAT and GRE test results and have no preference for one over the other. Test scores are only valid for five years. Please include percentiles when submitting your score.
A valid test score (GMAT or GRE) must be taken on or after January 3, 2014.
Additional scores will not be accepted after you have submitted your application.
GMAT School Code: X5X-QS-69 GRE School Code: 3845
TOEFL and IELTS
All applicants whose native language is not English and who have not received their entire undergraduate education in an English-speaking country must submit scores from one of two internationally recognized assessments of English language proficiency, the International English Language Testing System (IELTS) or the Test of English as a Foreign Language (TOEFL). Test scores are valid for two years. For applicants planning to enter the program in 2019, we will consider scores for tests taken on or after January 3, 2017.
Receiving your undergraduate degree in a country that lists English as an official language such as India, Pakistan, Hong Kong, or Singapore does not exempt you from the English language proficiency requirement.
TOEFL School Code: 3935
IELTS School Code: MIT Graduate Admissions
Submitting your online application
The online application is due by Thursday, January 3, 2019 at 3PM Eastern Time. 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.
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:
- College seniors with U.S. citizenship, graduating from a U.S. institution in 2019
- Active U.S. military personnel
- Teach for America members/alumni
- Peace Corps members
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.