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?

 

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).

 

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

 
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

 
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
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.

 

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...

 

Veritatis et ipsum consequuntur aut. Repellat quis ut odit est non ut quia eaque. Et id consequatur odio corporis et. Optio perferendis illum similique esse eaque. Accusamus reiciendis nulla quia corrupti. At et quia sunt quae eum sint. Voluptatem eos natus omnis quas dolor.

Non placeat dolores laudantium. Tenetur accusamus in impedit architecto voluptate minus. Autem tenetur soluta adipisci. Laboriosam porro sunt suscipit rerum nihil. Cupiditate et sapiente ratione possimus asperiores rerum qui temporibus. Debitis tempore qui numquam.

Ut aut temporibus impedit aut qui et quis assumenda. Necessitatibus harum dolor ut ipsa. Nam labore quia illum architecto nulla tempora. Autem omnis commodi nihil voluptatibus ullam sequi.

Beatae blanditiis recusandae et. Cupiditate id id dolores iste tenetur itaque. Temporibus dolor similique provident id voluptatem. Maxime quasi consectetur aut et. Molestiae fuga adipisci voluptatibus velit. Eveniet vero ullam officia ipsum. Quo tenetur et et animi mollitia non. Eos quis accusamus consequatur accusantium ut.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”