MIT Masters Finance

So MIT got about 900 apps this year, up from about 175 last year... damn with a 21% acceptance rate those people in the first group are lucky

so is this program going to become as quantitative and competitive as Princeton? They claim on their website that they want it to be generalized finance but i think thats a disguise

I was hoping to apply to this next year, but hearing about this years numbers got me down... realistically what are the chances with a ~700 GMAT for an Engineering grad with a not so excellent gpa (3.6-3.7 magna, not summa)

anyone get in this year?

Comments (18)

May 19, 2010 - 2:49pm
NuK85, what's your opinion? Comment below:

how were the placements?? any idea

May 19, 2010 - 11:45pm
guts, what's your opinion? Comment below:
repnation:
MIT MSF program is run by a woman...
faculty director and the mba admissions director are both men.
May 19, 2010 - 9:14pm
m.c.trader, what's your opinion? Comment below:

I chose not to apply, and instead will be applying the Math PhD program. Sloan won't be able to compete with Princeton's MFin.

What should discourage is not the numbers, but the description of the program, I don't feel its suited for someone who wants to get the Quant background.

I would feel illequiped in that program as a Math/Physics Bachelor, I know nothing about traditional undergraduate economics and finance, only what I learned in internships.

Maybe 5 years from now it establishes itself as a Quant program? But I don't see any one going in now having those benefits(/lack of benefits if you hate quants).

May 19, 2010 - 11:01pm
arden, what's your opinion? Comment below:

I got into both programs, and I went to MIT's orientation day or whatever it was. it was terrible ..... every admit seemed so unimpressive and incompetent and the staff had no idea what was going on. I didn't get that impression from princeton at all. it really seems like the only program that can compete with hsw on the grad level I don't think mit is anywhere close .... not this year at least

May 20, 2010 - 10:46am
qweretyq, what's your opinion? Comment below:
arden:
I got into both programs, and I went to MIT's orientation day or whatever it was. it was terrible ..... every admit seemed so unimpressive and incompetent and the staff had no idea what was going on. I didn't get that impression from princeton at all. it really seems like the only program that can compete with hsw on the grad level I don't think mit is anywhere close .... not this year at least

obviously princeton is better; you would be stupid to pass that up for mit but its also harder to get into, and with my gpa and no work exp almost impossible

but still... its MIT!! if u have the 75k to dump to get that name on resume, im sure placement wont be too hard

May 23, 2010 - 7:16pm
islandoffmorocco, what's your opinion? Comment below:
arden:
I got into both programs

sorry to comment on a somewhat dead post, and sorry for ignoring the gist of your post, but i just wanted to say: congrats, arden. that's impressive. pm me your stats if you have the time. i will be going to another master's program in the fall (washU/Vandy). it is obviously below princeton and mit. my test scores were very good, my school and major were pretty good, even my work ex was OK (derivative instrument design first, and hedging later), but my gpa was probably 0.2 too low. on the other hand, regarding my work ex: i know someone very high-up at one of those two programs and he said that after the last 100-150 applicants are shortlisted, it becomes kind of a crapshoot. he said it is particularly brutal in times such as now, when people with stellar and substantial finance work experience are applying.

in any case, congratulations and good luck friend! you had something that many, many smart, qualified people didn't...(Myself not included!...don't fit that description haha)

ps - that macroeconomic forecasting stream at princeton...damn...

Best Response
May 23, 2010 - 8:42pm
nelly0, what's your opinion? Comment below:
islandoffmorocco:
arden:
I got into both programs

sorry to comment on a somewhat dead post, and sorry for ignoring the gist of your post, but i just wanted to say: congrats, arden. that's impressive. pm me your stats if you have the time. i will be going to another master's program in the fall (washU/Vandy). it is obviously below princeton and mit. my test scores were very good, my school and major were pretty good, even my work ex was OK (derivative instrument design first, and hedging later), but my gpa was probably 0.2 too low. on the other hand, regarding my work ex: i know someone very high-up at one of those two programs and he said that after the last 100-150 applicants are shortlisted, it becomes kind of a crapshoot. he said it is particularly brutal in times such as now, when people with stellar and substantial finance work experience are applying.

in any case, congratulations and good luck friend! you had something that many, many smart, qualified people didn't...(Myself not included!...don't fit that description haha)

ps - that macroeconomic forecasting stream at princeton...damn...

You revived this thread to bash the MSF program you're going to and stat-grub another poster. Yes, please stop sucking dick.

May 24, 2010 - 6:28am
islandoffmorocco, what's your opinion? Comment below:

"bash the MSF program you're going to"

where are you seeing this? no one's bashing anything. i'm very happy with the program i'll be attending.

May 24, 2010 - 2:38pm
islandoffmorocco, what's your opinion? Comment below:

ok, i don't like getting into arguments on the internet. especially not on wso. but you are wrong in your assessment of me. i'm very happy with where i've gotten in. i actually feel lucky. the program is very good - the curriculum is what i was looking for, the program's reputation is soild, the resources i'll have access to are great, and everyone i've dealt with has been super helpful. if i don't get land a good gig coming out of this program, it'll just mean that i threw away the opportunity. that's that.

just because i say princeton's program is stellar, or that mit's mfin looks great and is really promising, or whatever else, does not mean i am not happy about my admission and excited about joining the program. i'm the opposite of disappointed about my admission. if you applied to hbs and dartmouth, got dinged at hbs and joined dartmouth, would it automatically become better than hbs? you can be buzzed about your admission, really looking forward to the experience and even prefer the lower-ranked program for some reason or the other...but still accept certain facts, and still have mad respect for hbs, right?

i actually chose my program despite getting an admission to another program that's higher-ranked, because that one is a quant finance degree, and i want to study general finance instead. i do appreciate your observation though. if something in my posts misrepresents my feeling about my future msf, i should probably be more careful. i should also be careful about being too specific about programs i guess.

EDIT: actually, i don't know which of my posts made you say that...

May 24, 2010 - 2:55pm
islandoffmorocco, what's your opinion? Comment below:

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