November 23, 2018 November 23, 2018 10:00 PM PST 11:00 PM PST To keep you on track, Personal MBA Coach has included a roundup of application deadlines below along with our advice on how to best use the next ~two months. November 24, 2018 November 24, 2018 10:00 PM PST 11:00 PM PST Inquire for a free 30minutes onetoone discussion!
Author 
Message 
Intern
Joined: 23 Apr 2016
Posts: 1

MIT MFin Mathematics Background Requirements
[#permalink]
Show Tags
23 Apr 2016, 05:58
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 calculusbased).
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.



Board of Directors
Status: Yale SOM!
Joined: 06 Feb 2012
Posts: 1591
Location: United States
Concentration: Marketing, Strategy

Re: MIT MFin Mathematics Background Requirements
[#permalink]
Show Tags
23 Apr 2016, 18:15
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.
_________________
aerien Why Yale  My Advice For Younger ApplicantsNote: I do not complete individual profile reviews. Please use the Admissions Consultant or Peer Review forums to get feedback on your profile.GMAT Club Premium Membership  big benefits and savings



Retired Moderator
Status: On a mountain of skulls, in the castle of pain, I sit on a throne of blood.
Joined: 30 Jul 2013
Posts: 337

Re: MIT MFin Mathematics Background Requirements
[#permalink]
Show Tags
28 Apr 2016, 18:45
mimerimi wrote: 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 calculusbased).
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. Hey sent you a PM.



Director
Joined: 17 Jul 2010
Posts: 719
Location: United States (NY)

Re: MIT MFin Mathematics Background Requirements
[#permalink]
Show Tags
03 May 2016, 00:52
This is from there website: Listed below is an outline of the mathematical background that is desirable to have in order to be successful in the most challenging of courses in the program. Linear algebra: Basic topics, including: matrix/vector notation, operations on matrices and vectors, determinants, eigenvalues and eigenvectors, quadratic forms, and systems of linear equations. Calculus: Multivariable differentiation and integration, series expansions, and function approximation and maximization. Probability: Sample spaces and random variables, common distributions and densities, moments of distributions, conditional probability and Bayes’ theorem, law of large numbers, central limit theorem, joint distributions, covariance, correlation, and stochastic independence. Stochastic processes: Random walks, Bernoulli trials, Markov processes, basic properties of linear time series models, continuoustime processes, and Ito’s lemma. Statistics/econometrics: Parameter estimation, confidence intervals, hypothesis tests, linear regression models, ordinary least squares, and likelihood principle. Computer literacy: Basic programming experience and readiness to learn new tools and features; for example, familiarity with programming in MATLAB, Python, Java, or C++. Basic experience with Microsoft Office business tools, especially use of Excel for data analysis and presentation. They also have a selfassessment section if you are still having doubts. IMO, if you have the stats to apply and have a decent amount of math in your background you can augment it with some community college classes. I've known a number of successful applicants who have done this. Additionally, while you want to go into the program with a background like this, don't assume the program is effectively a MFE type degree. You can customize your classes in whatever fashion you please. The program can be as quant or as nonquant as you like. For those so inclined, the school now offers a financial engineering concentration. Food for thought if this is what you really enjoy.
_________________
Master in Finance HQ http://www.msfhq.com



Intern
Joined: 11 Aug 2018
Posts: 4

Re: MIT MFin Mathematics Background Requirements
[#permalink]
Show Tags
21 Oct 2018, 07:24
AmoyV wrote: mimerimi wrote: 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 calculusbased).
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. Hey sent you a PM. Hi, could you please send that also to me?



Intern
Joined: 11 Aug 2018
Posts: 4

Re: MIT MFin Mathematics Background Requirements
[#permalink]
Show Tags
21 Oct 2018, 07:32
MSFHQ wrote: This is from there website:
Listed below is an outline of the mathematical background that is desirable to have in order to be successful in the most challenging of courses in the program.
Linear algebra: Basic topics, including: matrix/vector notation, operations on matrices and vectors, determinants, eigenvalues and eigenvectors, quadratic forms, and systems of linear equations.
Calculus: Multivariable differentiation and integration, series expansions, and function approximation and maximization.
Probability: Sample spaces and random variables, common distributions and densities, moments of distributions, conditional probability and Bayes’ theorem, law of large numbers, central limit theorem, joint distributions, covariance, correlation, and stochastic independence.
Stochastic processes: Random walks, Bernoulli trials, Markov processes, basic properties of linear time series models, continuoustime processes, and Ito’s lemma.
Statistics/econometrics: Parameter estimation, confidence intervals, hypothesis tests, linear regression models, ordinary least squares, and likelihood principle.
Computer literacy: Basic programming experience and readiness to learn new tools and features; for example, familiarity with programming in MATLAB, Python, Java, or C++. Basic experience with Microsoft Office business tools, especially use of Excel for data analysis and presentation.
They also have a selfassessment section if you are still having doubts. IMO, if you have the stats to apply and have a decent amount of math in your background you can augment it with some community college classes. I've known a number of successful applicants who have done this. Additionally, while you want to go into the program with a background like this, don't assume the program is effectively a MFE type degree. You can customize your classes in whatever fashion you please. The program can be as quant or as nonquant as you like. For those so inclined, the school now offers a financial engineering concentration. Food for thought if this is what you really enjoy. Don't the program expect any knowledge in corp/quant finance?



Director
Joined: 17 Jul 2010
Posts: 719
Location: United States (NY)

Re: MIT MFin Mathematics Background Requirements
[#permalink]
Show Tags
28 Oct 2018, 11:21
Tourist1703 wrote: MSFHQ wrote: This is from there website:
Listed below is an outline of the mathematical background that is desirable to have in order to be successful in the most challenging of courses in the program.
Linear algebra: Basic topics, including: matrix/vector notation, operations on matrices and vectors, determinants, eigenvalues and eigenvectors, quadratic forms, and systems of linear equations.
Calculus: Multivariable differentiation and integration, series expansions, and function approximation and maximization.
Probability: Sample spaces and random variables, common distributions and densities, moments of distributions, conditional probability and Bayes’ theorem, law of large numbers, central limit theorem, joint distributions, covariance, correlation, and stochastic independence.
Stochastic processes: Random walks, Bernoulli trials, Markov processes, basic properties of linear time series models, continuoustime processes, and Ito’s lemma.
Statistics/econometrics: Parameter estimation, confidence intervals, hypothesis tests, linear regression models, ordinary least squares, and likelihood principle.
Computer literacy: Basic programming experience and readiness to learn new tools and features; for example, familiarity with programming in MATLAB, Python, Java, or C++. Basic experience with Microsoft Office business tools, especially use of Excel for data analysis and presentation.
They also have a selfassessment section if you are still having doubts. IMO, if you have the stats to apply and have a decent amount of math in your background you can augment it with some community college classes. I've known a number of successful applicants who have done this. Additionally, while you want to go into the program with a background like this, don't assume the program is effectively a MFE type degree. You can customize your classes in whatever fashion you please. The program can be as quant or as nonquant as you like. For those so inclined, the school now offers a financial engineering concentration. Food for thought if this is what you really enjoy. Don't the program expect any knowledge in corp/quant finance? If they want that, it would be listed on their website. The program isn't as quant as a MFE program.
_________________
Master in Finance HQ http://www.msfhq.com




Re: MIT MFin Mathematics Background Requirements &nbs
[#permalink]
28 Oct 2018, 11:21






