MIT MFin Q&A
Application season is coming up, so I figured I would provide some unofficial info via Q&A on the program to those interested. Anything goes from admissions (chances, essays, interviews) to curriculum to class profile to quality of instruction to industry connections to job placement to anything else.
The program plans to expand significantly for next year so more spots will be available than in the past (up to 50% more).
(I am not an official representative of the program - visit http://mitsloan.mit.edu/academic/mfin/ for official info. Some good data here as well: http://mitsloan.mit.edu/mba/pdf/MITSloan_MFin.pdf)







I think you should write an
I think you should write an in depth review that covers all the topics you mentioned because I guarantee that they will all be asked about. You should then send the review to ANT so he can post it on msfhq.com
"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
Gekko - The reason I posted
Gekko - The reason I posted on here is that this site has been very helpful to me over the past few years, so I figured I should give back to the WSO community. As for MSFHQ, I have previously mentioned to ANT that I would be happy to do a review of the program - get in touch if interested.
What's the typical GRE
What's the typical GRE quantitative score for MIT's MFin program?
What was the full-time job
What was the full-time job placement like? Did most mfin students go into quant and trading roles at banks? Any buyside placements?
Might want to actually look
Might want to actually look at the links he put up instead of asking redundant questions.
cityandcolour wrote: What's
What's the typical GRE quantitative score for MIT's MFin program?
According to the class profile (http://sloan.mit.edu/academic/mfin/profile.php)
Average GRE Quant 795
Middle 80% GRE Quant 740-800*
Average GRE Verbal 592
Middle 80% GRE Verbal 460-750*
I don't know the exact number but seems about 60% (30-75% would be my 95% confidence interval) took the GRE, which I found surprising.
Brady4MVP wrote: What was the
What was the full-time job placement like? Did most mfin students go into quant and trading roles at banks? Any buyside placements?
Most students seem interested in quant/trading - perhaps 60-80%. Buyside placement is decent if you include investment management/hedge funds, but if you are only referring to VCPE, then ~0 would be right. That being said, lots of good opportunities for it exist - but most are not interested in such opportunities. But Boston has a phenomenal network of MIT alums at VC (less so PE) shops, so if you are a competitive candidate (prior experience, know what VCPE is, etc) then your chances are not bad.
Prop shop placement is quite good as well - several Citadel/DE Shaw/DRW offers already made to the class. But I assume this is not what you are referring to.
Brady4MVP wrote: What was the
What was the full-time job placement like? Did most mfin students go into quant and trading roles at banks? Any buyside placements?
To add on to above, I would say the current class is looking somewhat like 2010 class placement stats (http://sloan.mit.edu/pdf/Class_of_2010_Master_of_F...) (2011 to be released shortly), but there are serious de-averaging biases involved. Conditional on being a US citizen, stats would change a lot, as well as based on your level of fluency in English. Also, as for the consulting placements - they seem to be a back-up for ~60% that take them - very few are genuinely interested. Though the class of 2012 will have some impressive consulting stats - I think all of MBB will be represented, as well as numerous OWFS/Monitor level hires.
Also, when reviewing 2010 stats, keep in mind that 5.3% means exactly 1 person, so not very significant. 2011 stats will be much more relevant.
I've been doing more and more
I've been doing more and more research about grad school and you were right, the MBA is more of a fit for me.
How was meeting Robert Merton?
Check out my Blog
Is it possible to do this
Is it possible to do this part time if you work in Boston and have a reasonably flexible schedule?
Unforseen wrote: I've been
I've been doing more and more research about grad school and you were right, the MBA is more of a fit for me.
How was meeting Robert Merton?
Glad to hear you have figured out which degree suits you better.
Merton is of course an interesting guy, but I am not sure I would say meeting him was much more impressive than some of the other professors, even though he is far more famous.
DRX wrote: Is it possible to
Is it possible to do this part time if you work in Boston and have a reasonably flexible schedule?
Absolutely not - program is 1.5x full-time.
MIT's tuition cost is really
MIT's tuition cost is really high. Is it worth paying
extra for the MIT name as opposed to a program like Claremont Mckenna?
notaspammer wrote: MIT's
MIT's tuition cost is really high. Is it worth paying
extra for the MIT name as opposed to a program like Claremont Mckenna?
Clearly depends on the person. I thought it was worth it.
When you take opportunity cost into account in computing total cost, the difference in price diminishes in percentage terms - quite significantly.
Dr Joe wrote: Brady4MVP
What was the full-time job placement like? Did most mfin students go into quant and trading roles at banks? Any buyside placements?
Most students seem interested in quant/trading - perhaps 60-80%. Buyside placement is decent if you include investment management/hedge funds, but if you are only referring to VCPE, then ~0 would be right. That being said, lots of good opportunities for it exist - but most are not interested in such opportunities. But Boston has a phenomenal network of MIT alums at VC (less so PE) shops, so if you are a competitive candidate (prior experience, know what VCPE is, etc) then your chances are not bad.
Prop shop placement is quite good as well - several Citadel/DE Shaw/DRW offers already made to the class. But I assume this is not what you are referring to.
Thanks for the response. Let me clarify my previous question. By buyside, I was referring to hedge funds and investment management firms. I'm considering applying to sloan mba next year, mostly because of its strong recruiting from the boston IM shops such as fidelity, wellington, state street, putnam. And then there's hedge funds like convexity, bracebridge, tudor, grantham mayo, etc., that students may have access to. I'm just curious to know whether MFin students have similar access and if so, how successful they are in terms of getting those types of jobs.
It's VERY impressive that the mfin students have landed offers from citadel and de shaw, given how tough those are.
General question, probably
'Before you enter... be willing to pay the price'
Great thread! Just posting
Dr Joe wrote: notaspammer
Brady4MVP wrote: Dr Joe
BepBep12 wrote: General
Dr Joe wrote: Brady4MVP
Brady4MVP wrote: Dr Joe
I really think MIT's mfin is
Average GPA for admission?
Wow 85% is international? Do
I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
Brady4MVP wrote: It's VERY
If your dreams don't scare you, then they are not big enough.
"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
jktecon wrote: I really think
jktecon wrote: I really think
Dick.Fuld wrote: jktecon
STorIB wrote: Average GPA for
ah wrote: Wow 85% is
Dick.Fuld wrote: Dick.Fuld
Nouveau Richie wrote: Great
WSO Conference 2013
Private Certified User Chat
Interesting development - it
I think it is a smart move.
MSF Website
MACC Website
MSF Twitter
Hey ANT - I saw your PM, I
Dick.Fuld wrote: Dick.Fuld
International Pymp
Dr Joe wrote: Interesting
baraider wrote: Dr Joe
Dr Joe wrote: Dick.Fuld
jayrenbiz wrote: Dr Joe
For my undergrad degree now,
@Dr Joe I study math and