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23 Apr 2016, 06:58
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I'm interested in applying to MIT's MFin program next year. My concern is that my mathematical background is not that strong.
I'm an Economics undergraduate and have only completed what I consider the most basic of Calculus (Differentiation, Integration but not that much Series - No differential equations at all), Linear Algebra (Basic Matrix Operations, Gauss Elimination etc. but not Vector Spaces, Eigenvalues etc.), Statistics/Probability/Econometrics (Descriptive Statistics, Inferential Statistics, Linear Regressions & Estimations etc. but nothing Stochastic, or calculus-based).
The truth is that I consider myself inclined towards mathematics and capable of learning new concepts. My question would be whether I will adequately learn the mathematical concepts that are needed, during the math preparation modules of the program, or I will be more or less expected to already know such concepts beforehand.
Any input from former/current students of the program would be very appreciated.
I'm an Economics undergraduate and have only completed what I consider the most basic of Calculus (Differentiation, Integration but not that much Series - No differential equations at all), Linear Algebra (Basic Matrix Operations, Gauss Elimination etc. but not Vector Spaces, Eigenvalues etc.), Statistics/Probability/Econometrics (Descriptive Statistics, Inferential Statistics, Linear Regressions & Estimations etc. but nothing Stochastic, or calculus-based).
The truth is that I consider myself inclined towards mathematics and capable of learning new concepts. My question would be whether I will adequately learn the mathematical concepts that are needed, during the math preparation modules of the program, or I will be more or less expected to already know such concepts beforehand.
Any input from former/current students of the program would be very appreciated.
23 Apr 2016, 19:15
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That's a good start. Personal opinion, take more Linear Algebra (you surely will find applications of vectors, eigenvalues, etc as you move along) as well as stochastic analysis. If you go up to Real Analysis, you should be all set in terms of theoretical, and anything along the lines of further applied differential equations are also helpful.
I'm sure the application process has changed over the years, but in prior years, MIT MFin application had a very specific section that made you detail all the courses you took and how many years of each you had taken. See if you can find a copy of the application and you should at least have an idea of topic areas that would be needed, and the basic curriculum should give you an idea of topics of study to at least be familiar with.
I'm sure the application process has changed over the years, but in prior years, MIT MFin application had a very specific section that made you detail all the courses you took and how many years of each you had taken. See if you can find a copy of the application and you should at least have an idea of topic areas that would be needed, and the basic curriculum should give you an idea of topics of study to at least be familiar with.
