MIT Sloan Master of Finance Application Tips

As we approach the holiday season, we know that many of you are also gearing up to submit your Master of Finance (MFin) applications in January.

The strongest candidates for the MFin program embody a diversity of strengths from academic excellence and a passion for finance to communication and leadership. Our most attractive candidates are able to highlight these characteristics. We are looking for you to tell your story and explain to us why the MFin program is the next best step in your career.

To help you put together your applications, check out our latest video featuring Diane Jordan, Associate Director of Admissions, with information and tips on the MFin application process.

Here’s a quick recap with some important tips on the application:

  • Be authentic – Tell your own story!
  • You should self-report your test scores on the online application even if the official score report will not arrive in time.
  • Speak with your recommenders early to give them time to write the letter; make certain they know what is expected of them and remind them of the importance of our deadline—they are busy people!
  • Consider your goals and decide whether the 12-month or 18-month format is best for you. You will only be considered for the format you select in your application. If you are undecided (or open to either), we recommend selecting the “Both 12-month and 18-month” choice.

What happens next? A subset of applicants will be invited to interview. Interviews are conducted in person and will take place either on-campus or in several hub cities around the world.

Should you have additional questions, please email us. We look forward to receiving your application to the MFin program!

MBA Round 1 Interview Insights

Starting this week, we are entering one of my favorite times of year – interview season! From your perspective, this is likely a time filled with anxious excitement a bit of nervousness, but I speak on behalf of my entire team… we cannot wait to meet you!

For those of you preparing for interviews, our goal is to continue getting to know you and your story better. We use a Behavioral Interview model to assess candidates for the MBA program. Our interviewer will spend 30-45 minutes asking questions about your past experiences to better learn how you think, act, and reflect.

Check out my video with additional information on what to expect during the interview process.

Here’s a quick recap with some important tips on the interview:

  • Your interviewer will have reviewed your application prior to meeting with you, so come prepared with stories and examples that you did not discuss within your written application.
  • Ask important & thoughtful questions that are meaningful to you! (Hint: if the answer can be easily found on the website, it may not be the best question to ask.)
  • Dress for success!
  • Do your research prior to the interview!…We are not only assessing your past experiences but also your fit with, and enthusiasm for MIT Sloan.

Don’t stress! We are simply looking to gather even more information about you to supplement your application and to help support your candidacy for MIT Sloan!

Sincerely,

Dawna Levenson

Unknown

MBA Round 1 Application Updates: Interview Invitation Dates & Process

Our Admissions Committee is busy reviewing Round 1 applications for the MBA Class of 2020! Now that you’ve spent many hours working on those applications and have finally hit “submit,” you may be wondering, what happens now?…

An interview is an important next step in our admissions process, and we meet with everyone who is admitted. The goal of the interview is to personally get to know you better and to hear more about your story and background.

Interview invites will be sent by 2 PM ET on the following dates:

  • Thursday, October 5, 2017
  • Thursday, October 12, 2017
  • Thursday, October 19, 2017
  • Thursday, October 26, 2017
  • Thursday, November 2, 2017 (By end of day, all Round 1 applicants will receive either an interview invitation or final decision)

We expect to interview around 20% – 25% of the Round 1 applicant pool. For Round 1, we plan to conduct interviews in approximately 15 cities around the world, as well as on campus. The location of the interview will not be a decision factor, but for those who can make it to campus, we host special programming for interviewees, including lunch with current students and a class visit. Please note that all applicants invited to interview have the option to come to Cambridge for their interview.

Some things to keep in mind:

  • Interview invitations are sent based on our interviewers’ travel schedules, and not in any preferential order!
  • If invited for an interview, you will receive an MIT Sloan Interview Guide with details on how to best prepare for the Behavioral Interview
  • This is not a stress interview, so don’t panic! The interviews are conversational and are meant for us to get to know you on a deeper, more personal level.
  • Interviews are conducted by members of the Admissions Committee only. We don’t use alumni or current students in the evaluation process.

We’ll plan to post another blog with interviewing tips soon, so keep an eye out for that! Please contact us if you have any further questions!

Advice for MBA Applicants: How to Master the Video Statement

We welcomed our new Class of 2019 this past week, and it was amazing and inspiring to see this group of 404 students come together for the first time!  Round 1 deadlines for the Class of 2020 are right around the corner. Questions are streaming into our office about our new video statement (pun intended)!

A few helpful words of advice that will hopefully help ease your concerns:

  • Try to relax! This simple, open-ended question is designed to help us get to know you better, so take a deep breath and tell us about yourself! What are you passionate about? What are the most important things you would like for your classmates to know about you?
  • There is no right or wrong answer! We will evaluate your response to see how you express yourself and to assess fit with the MIT Sloan culture.
  • Don’t have the directorial excellence of George Lucas or the epic, dragon-filled storyline of the Game of Thrones season finale? Doesn’t matter! Again, we care about you and your own story! So go ahead and tell us!
  • This is for our eyes only…Your video will be used for application purposes and will not be shared outside our Admissions Committee.

Watch this video if you are looking for insight (or just general reassurance) about your video statement.

A few technical points…

You will need to use an internet-connected computer with a webcam and microphone.  Videos should be a single take (with no editing) and should last no more than one minute. Please speak directly to the camera. We recommend using an application like QuickTime or iMovie.

For other application tips check out our youtube channel.  We look forward to receiving those applications!

Dawna Levenson

Unknown

Sloan Fellows One Year MBA: Four Tips for the 2017-18 Application

Our Sloan Fellows application is now live, and you may have noticed that there are some changes to this year’s application. I’d like to take a moment to highlight some of those updates and provide a few tips for navigating the application process:

  1. We have two required essays – one of which is a Cover letter

Explain why you are seeking a place in the MIT Sloan Fellows Program. Share your immediate and long term professional objectives and how the MIT Sloan Fellows Program will help you to achieve them. Your letter should conform to a standard business correspondence and should include one or more examples that illustrate why you meet the desired criteria.

Tip: Be authentic. There are no right or wrong answers. These questions were designed to give the admissions committee a chance to get to know you – so tell us about yourself.  

  1. We are requiring all applicants to submit a valid GMAT, GRE, or EA (Executive Assessment) Score

GMAC has introduced the Executive Assessment (EA) designed specifically for applicants to executive MBA programs. If you do not already have a valid GMAT or GRE score, we recommend taking the EA.

Tip: Study. Spend the time studying for the exam so that it accurately reflects your abilities. If you find yourself having difficulty studying for this exam – ask yourself if you are ready to spend a year in a classroom.  

  1. We are utilizing the GMAT Common Letter of Recommendation form

This year we will be using the GMAC Common Letter of Recommendation form, which includes a set of competency ratings and a number of open-ended questions that your recommenders should address around work performance, personal strengths, and areas for development.

Tip: Choose your recommenders wisely! Pick those individuals who know you and your work best and can explain in detail why you are good candidate for the Sloan Fellows Program. We also suggest meeting with each of your recommenders — Take them to coffee and talk with them about why you’re pursuing an MBA at this stage in your career and why you chose to apply to the MIT Sloan Fellows Program.

  1. We have modified the Video Statement

We have modified the video statement submission from previous years. This will be required of all candidates and will ask you to “Please introduce yourself to your future classmates via a brief video statement.” Videos should be a single take (no editing) lasting no more than one minute. You can use an application such as QuickTime or iMovie to record yourself.

Tip: Be yourself! Be authentic! We are using this video to further assess your fit with the MIT Sloan Fellows Program and to gather additional insight into your personality, presence, and passions! The question is designed for us to get to know you better!

To learn more about the MIT Sloan Fellows Program, join us at an upcoming admissions event near you!

MBA 2017-18 Application: Three Tips for the MIT Sloan MBA Application

Our MBA application is now live, and you may have noticed that there are some changes to this year’s application. I’d like to take a moment to highlight some of those updates and provide a few tips for navigating the application process:

  1. We have expanded the Cover Letter instructions and increased word count

We have provided some additional guidance around this year’s Cover Letter and bumped up our word count to 300…We know you are excited about that extra space! We are asking that you please submit a cover letter seeking a place in the MIT Sloan MBA Program taking into account the personal characteristics that we value most at MIT Sloan.

Tip: Your letter should conform to a standard business correspondence and include one or more examples that illustrate why you meet the desired criteria stated in the cover letter instructions!

  1. We are utilizing the GMAT Common Letter of Recommendation form

This year we will be using the GMAC Common Letter of Recommendation form, which includes a set of competency ratings and a number of open-ended questions that your recommenders should address around work performance, personal strengths, and areas for development.

Tip: Choose your recommenders wisely! Pick those individuals who know you and your work best and can explain in detail why you are good candidate for an MBA. We also suggest meeting with each of your recommenders — Take them to coffee and talk with them about why you’re pursuing an MBA and why you chose to apply to MIT Sloan.

  1. We have introduced a Video Statement

We have introduced a video statement submission as part of the online application process. This will be required of all candidates and will ask you to “Please introduce yourself to your future classmates via a brief video statement.” Videos should be a single take (no editing) lasting no more than one minute. You can use an application such as QuickTime or iMovie to record yourself.

Tip: Be yourself! Be authentic! We are using this video to further assess your fit with MIT Sloan and to gather additional insight into your personality, presence, and passions! The question is designed for us to get to know you better!

Stay tuned for a few new application tip videos in August featuring our admissions staff! We also hope to see you on the road this summer!

Master of Finance and Master of Business Analytics: 2017-18 Application Deadlines

We’re excited to announce our 2017-2018 Master of Finance (MFin) and Master of Business Analytics (MBAn) application deadlines and decision dates:

Application Deadline Decisions Released
MFin January 4, 2018 March 5, 2018
MBAn January 9, 2018 March 8, 2018

Our applications for each program will be going live later this summer (think early August) and we’ll be sharing additional tips and information in the months to come. We are expecting some application updates for both programs, so keep checking our MFin website and MBAn website for further details and directions!

July 4th Office hours:

We’d also like to let you know that our Office of Admissions will be closed on Monday, July 3 through Tuesday July, 4. We’ll resume normal business hours on Wednesday, July 5. Have a safe and fun 4th of July!