All you need to know about: Master of Finance program at MIT

Program highlights

The Master of Finance (MFin) program at the Massachusetts Institute of Technology (MIT) is renowned for its rigorous curriculum, exceptional faculty and strong industry connections – in short, it is one of the most prestigious programs of its kind! Below is a detailed overview:

• Duration. The program offers both 12- and 18-month options, allowing students to tailor their education to their career goals and lifestyle.
• Curriculum. Students receive a strong foundation in finance principles, quantitative methods and financial engineering. Core courses include Financial Markets, Corporate Finance, Financial Engineering, Risk Management and Quantitative Methods.
• Electives. Students can specialize in areas including asset management, investment banking, quantitative finance or financial technology.
• Action learning. MIT emphasizes experiential learning through its Finance Research Practicum, Fin-Lab and Proseminars, where students work on practical projects with industry partners.
• Capstone project. This project allows students to apply their knowledge to solve real financial problems.

Admission Requirements

• Academic background. A strong quantitative background is essential. Candidates typically have undergraduate degrees in fields such as economics, mathematics, engineering or computer science. If you don’t have an undergraduate degree in one of these areas, you should make sure to take as many quantitative electives as possible, or perhaps apply first for an MS in a quantitative field.
• Work experience. It is not mandatory, however, relevant work experience can strengthen an application.
• Test scores. Competitive GMAT or GRE scores are required; the quantitative elements on these tests will especially be important. Non-native English speakers must also submit a TOEFL or IELTS score.
• Essays and recommendations. Essays should outline applicants’ career goals, especially indicating how the MFin program will help achieve these goals. Why do you want an MFin (and from MIT)? Where will it take you? Additionally, your letters of recommendation should speak to your quantitative skills, inquisitiveness, curiosity and character.
• Interview. Selected candidates will be invited for an interview as part of the admissions process. In an interview, you likely will be asked about your background and – more importantly – your future after you obtain the MIT MFin.

Take the first step toward your future in finance. Book your introductory call with us today to learn how to enhance your application and maximize your chances of admission.