{"id":25713,"date":"2014-09-28T13:26:04","date_gmt":"2014-09-28T20:26:04","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=25713"},"modified":"2014-09-28T13:26:04","modified_gmt":"2014-09-28T20:26:04","slug":"mit-master-in-finance-is-it-the-right-fit-for-you-and-vice-versa","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/mit-master-in-finance-is-it-the-right-fit-for-you-and-vice-versa\/","title":{"rendered":"MIT Master in Finance \u2013 Is It the Right Fit for You (and Vice Versa)?"},"content":{"rendered":"

\"MIT3\"<\/a>Practicality is the essence of MIT\u2019s Master in Finance<\/a> program. It\u2019s just one year, as opposed to numerous MFin programs that are 1.5 to 2 years, and, as the website notes, it was developed \u201cas a direct response to demand in the financial industry.\u201d In spite of the short duration, the program offers flexibility to tailor it to your needs. Moreover, it\u2019s an \u201cearly career\u201d program \u2013 students\u2019 pre-program experience averages 0-4 years, according to the website, with about 50% coming directly from undergrad.<\/p>\n

Here are some additional distinguishing elements of the program:<\/p>\n

\u2022 Its location in the business school<\/a> deepens its opportunities; you\u2019ll take some courses with MBA, PhD, and Sloan Fellows<\/a> students, giving you direct access to people with deep experience and networks across many industries and functions. You can also participate in certain clubs such as Venture Capital and Private Equity Club.<\/p>\n

\u2022 The flexibility extends to the option to take some courses at the School of Engineering and\/or School of Science.<\/p>\n

\u2022 The practical nature of the program includes a Finance Research Practicum, which addresses real-world situations and problems.<\/p>\n

\u2022 The opportunity to build strong, enduring relationships arises from the extensive small-group work, which also prepares you to succeed in an increasingly interconnected and team-focused work environment.<\/p>\n

\u2022 Career development is an ongoing focus from the first semester, with a \u201cCareer Core\u201d curriculum. There are also career treks and opportunities to explore industry segments.<\/p>\n

\u2022 About 88% of 2013 graduates received employment offers as of October 2013, notes the Employment Report<\/a>.<\/p>\n

\u2022 It\u2019s a truly global program, with 84% of students from outside the US.<\/p>\n

Now, what does it take to win access to these delectable resources and opportunities? With an acceptance rate of around 10%, a lot.<\/p>\n

\u2022 Solid academic achievement and test scores, with average GPA of 3.7 (in programs spanning various disciplines, from economics and math to engineering and business to humanities and science), GMAT mid 80% range 700-770, with quant 48-51; GRE quant mid 80% range 161-170.<\/p>\n

\u2022 Prerequisite quantitative coursework<\/a> \u2013 if you click on the link, scroll down and take the self-assessment!<\/p>\n

\u2022 Most desired personal qualities are ability to collaborate, willingness to think\/look outside of the proverbial box (a classic MIT value), and high motivation (use your essays to demonstrate these qualities).<\/p>\n

\u2022 While many students have no official professional experience, the adcom wants to see at least a related internship, so that students come with some practical exposure.<\/p>\n

\u2022 Interviews are selective (about 30%) and by invitation only; every accepted applicant is interviewed (about 30% of those interviewed are admitted).<\/p>\n

\u2022 Good news for internationals: a TOEFL score is not required!<\/p>\n

By the way, on the program\u2019s website there is an extensive and thorough discussion of recruiting, careers, etc. in the FAQ<\/a> \u2013 I recommend perusing it.<\/p>\n

\"Click<\/a><\/p>\n

\"Cindy<\/a> By Cindy Tokumitsu<\/a>, author and co-author of numerous ebooks, articles, and special reports, including <\/em><\/em>Why MBA<\/a> and <\/em><\/em>Best MBA Programs: A Guide to Selecting the Right One<\/a>. Cindy has advised hundreds of successful applicants in her fifteen years with Accepted.com.<\/em><\/em><\/p>\n

Related Resources:<\/strong><\/p>\n

\u2022 MIT Sloan B-School Zone<\/a>
\n\u2022 Princeton University Master in Finance: Is It Right for You, and Are You Right for Princeton?<\/a>
\n\u2022 The Facts About Financial Services<\/a><\/p>\n

\n

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Accepted.com's experienced admissions consultants<\/a> can help you create the most impressive application possible with comprehensive packages<\/a>, <\/i><\/b>or provide targeted assistance from picking perfect programs<\/a> to designing a dazzling resume<\/a>, constructing engaging essays<\/a>, or preparing for intense interview<\/a>s<\/a>\u2026and more! Accepted.com has guided thousands of applicants to acceptances at top MBA programs since 1994 \u2013 we know what works and what doesn't, so contact us<\/a> to get started now!<\/p>\n

This article originally appeared on the Accepted Admissions Consulting Blog<\/a>, the official blog of Accepted.com.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Practicality is the essence of MIT\u2019s Master in Finance program. It\u2019s just one year, as opposed to numerous MFin programs that are 1.5 to 2 years, and, as the website…<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,6,1,939,775,113,243],"tags":[724,725,89,40],"class_list":["post-25713","post","type-post","status-publish","format-standard","hentry","category-mba","category-current-events","category-uncategorized","category-accepted","category-admission-consultants","category-applications","category-blog","tag-masters-in-finance","tag-mif","tag-mit","tag-mit-sloan","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/25713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=25713"}],"version-history":[{"count":1,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/25713\/revisions"}],"predecessor-version":[{"id":25715,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/25713\/revisions\/25715"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=25713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=25713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=25713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}