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!

MIT Sloan Master of Finance (MFin): Application Tips & Advice

 

The application deadline for the Master of Finance (MFin) program is quickly approaching. We hope this blog will provide some insights and tips on navigating our application process.

As you know, we have ONE deadline, so it is important that ALL materials be submitted online by the application deadline – January 5, 2017 3:00 pm ET. Specific instructions and a list of required application materials can be found on our website.

When reviewing candidates for the Master of Finance program we are assessing academic abilities, a passion for finance, and personal attributes such as leadership skills, relationship building skills, and personal presence.

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Here are a few tips about the application materials:

  • Ensure that application materials demonstrate key competencies such as your academic achievements, internship/work success, and test scores as this information provides a comprehensive perspective of your abilities.
  • GMAT/GRE test results—timing may not always be convenient but you should SELF REPORT your test scores by the deadline even if the official scores will not arrive in time. We will verify the scores when you are admitted.
  • Letters of Recommendation—get to 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!
  • IELTS and TOEFL scores—you should SELF REPORT your test scores by the deadline.

The bottom line is this is your story—be authentic!

What happens next? A subset of applicants will be invited to interview. Interviews are conducted in person and will take place at our campus in Cambridge, MA and in several hub cities in Asia, Latin America and Europe. If you are invited to interview, you are always welcome to come to campus!

If you’re interested in learning more, admissions representatives will be hosting an informational online webinar on Thursday, December 8 at 10:00 am ET. Please join us to gather more tips for creating a successful MFin application. Should you have additional questions, please send them to mfinadmissions@sloan.mit.edu.

We look forward to receiving your application to the MFin program!

New Deadlines and Application Updates for MIT Sloan

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Happy first Friday of Summer!

I’m excited to announce that the schedule of our 2016-2017 MBA deadlines and decisions is now available.

  • Our application goes live on July 11, 2016.
  • Round 1 Deadline: September 15, 2016. Decisions will be released December 19, 2016.
  • Round 2 Deadline: January 17, 2017. Decisions will be released April 3, 2017.
  • Round 3 Deadline: April 10, 2017. Decisions will be released May 17, 2017.

Our website has further details and directions

We also have made some changes to our application. This year, instead of responding to an essay question,  we are asking applicants to submit a cover letter along with their resume. Your cover letter is an opportunity to introduce yourself, describe your past successes, and explain why MIT Sloan’s MBA Program is the right place for you. The optional essay remains available, and you can share additional information about yourself in any format.

We’ll be sharing more tips and information in the months to come. We hope to see you at one of our events this summer!

How Does MIT Sloan Evaluate MFin Applicants?

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With the Master of Finance application date approaching, the Admissions team recently hosted a webinar to answer some commonly-asked questions. You can find the WebEx recording of the webinar here. Our admissions team has also developed the following slides, which describe the evaluation process. Please click on the slide above, or this link, to download the presentation.

We hope you find this information helpful, and look forward to receiving your applications on January 4th!

MIT Sloan Master of Finance Application Tips

 

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The application deadline for our Master of Finance (MFin) Program is on January 4th, just a month away. To help you prepare, MIT Sloan Admissions is hosting an Application Tips Webinar on December 10th, from 10-11am EST, so be sure to register here! Detailed application instructions are available online, as are descriptions of our 12-month and 18-month MFin Program options.

We understand that applicants spend a considerable amount of time pulling together a completed application. During the final stages of preparing your application, thinking clearly and focusing your efforts on all the elements with care can make a big difference. As you are assembling your application materials, we encourage you consider the Optional Question. This section of the application is an opportunity to be creative and distinguish yourself from other applicants. Whether it’s a YouTube video, an essay, or a powerpoint deck, try to keep it short and succinct. If you use a multimedia format, you must host the information on an active website and provide us with the link.

We look forward to receiving your application and learning more about you!

Tips for the MIT Sloan MBA Interview

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Messages our students wrote for applicants interviewing on campus

Now that interviews for Round One are underway, I have a few final tips for our applicants. As we shared in the powerpoint in this post, this year we are asking interview invitees to submit a short essay before their interview takes place. The essay asks about how your past aligns with our mission statement, and is a great place to highlight your experiences and strengths.

During the interview, be prepared to talk about any updates you might have since you pressed submit on your application. A current student, Valerie Russell MBA’16, offers this advice: “As you go through the application process, my greatest advice is to be yourself. Take the questions, think about them, and tell your story. I know that you’ll hear this a lot, but I just find that to be so true. I reflected on my life and where I wanted to go.”

This video featuring Jen Barba, our Associate Director of Admissions, has some further tips.

Best of luck to everyone interviewing. We look forward to learning more about you!

Application Launched for MIT Sloan MBA!

We are excited to announce that our MBA application for the class of 2018 is now live. This year we have three rounds. There are detailed instructions to help you through the process.

Stay tuned for more information on our evaluation process. In the meantime, be sure to check out our application tips and summer event schedule.

Please contact us if you have any questions. We look forward to receiving your applications!