Master of Business Administration [M.B.A] (Finance)

at Massachusetts Institute of Technology

A cornerstone of the Finance Track is course 15.403, Introduction to the Practice of Finance, a first-semester seminar limited to and required of Finance Track students. This course consists of faculty presentations, outside speakers, and activities designed to provide an overview of institutions, practices, and professional opportunities in finance, and to facilitate relationships and group learning experiences among Track students.

Other required courses include 15.401 Managerial Finance, 15.402 Corporate Finance, and one Action Learning course; a course where the primary focus is to solve a current business problem, typically with an external client. Pre-approved action learning courses include:

Action Learning Courses
 

15.451 Proseminar in Capital Markets/Investment Management
 

Provides a unique opportunity to tackle original research problems in capital market analysis and investment management that have been posed by leading experts from the financial community. Students are assigned to teams, and each team is assigned one such problem. Teams present their solutions at a seminar which is attended by representatives of the sponsoring organization and open to the entire MIT community. Not open to students from other institutions.

15.452 Proseminar in Corporate Finance/Investment Banking
 

This Action Learning experience is your opportunity to bring theory into practice by tackling problems provided by executives in corporate finance or investment banking. Students work in multi-disciplinary teams (combining MFin, MBA and Sloan Fellows) to analyze and problem-solve, culminating in reports which the teams present in a group setting for evaluation and feedback. This course is designed to test and hone your skills at capturing the core of a real-world finance problem, and developing a creative and insightful solution that is sensitive to the full context. It is also a chance to develop key communication skills, presenting difficult concepts clearly, concisely and persuasively. Not open to students from other institutions.

15.453 Finance Lab
 

Bridges theory and practice, providing students with an immersive research and analysis experience during IAP followed by a classroom segment in the first half of spring term. Students work with leading industry practitioners and a diverse cross-section of students on collaborative teams, focusing on topical, real-world finance research questions posed by the practitioners. Teams then deliver a nuanced analysis and report findings, gaining insight and coaching from the experts. Practitioners represent a range of financial institutions, including investment management, hedge funds, private equity, venture capital, risk and consulting. Examples of project topics include equity and fixed income research, trading, risk analysis, venture capital valuation, private equity diligence, and fundamental industry analysis.

15.497 Fintech Ventures
 

Designed for entrepreneurial types interested in the FinTech space, this course presents a unique opportunity to work through the nuts and bolts of developing, investing in or acquiring a FinTech startup. Bring your idea and/or team, or find both at class and develop your plan for the final "Demo Day" in front of a group of investors. In each class a new speaker (entrepreneurs, legal experts, venture capitalists) is welcomed who addresses relevant topics, while students present progress reports and receive advice and feedback. Students with an interest in being part of a FinTech startup, regardless of background (legal, financial, computer science, operations, etc.) should apply, individually or as part of a team. JD students from Harvard Law School and technical students from MIT are encouraged to apply.

Academic Eligibility:
 

• The students must have a bachelor’s degree from a recognized university to apply for this program.

• The average GPA of the students in this program is 3.9.

• Students can apply with any bachelor’s degree but the majority of the students come from these fields like Computer Science, Economics, Engineering (variety), Finance, Management, Math, Operations Research, Statistics…, etc.

Work Experience:
 

• Work experience is not required but many of the students have an average experience of 15 months.

Language Requirements:
 

• The students whose official language is not English are required to write IELTS or TOEFL exams before applying.

• The TOEFL cut-off for this program is 90 out of 120.

• The IELTS cut-off will be decided by the university department.

Language Requirement Exemption:
 

• Students who have received instruction in English in their primary and secondary schools and students who have been in the United States for four years or longer and have received a degree from an American institution.

Exam Requirements:
 

• The students must compulsorily have to submit the scores of any one of the exams like GMAT or GRE.

• MIT recommends that applicants interview with a member of the MIT Educational Council if available. Council members are MIT graduates who have volunteered to interview on behalf of the Office of Admissions. 

The cost of studying at Massachusetts Institute of Technology varies largely depending on the type of university and the degree chosen. More often than not, humanities, arts, and education courses are less expensive than degrees in medical, engineering, or management. Furthermore, students who choose to study at the postgraduate level typically pay higher tuition fees, which again vary depending on the programme chosen.

Most universities provide scholarships or financial aid to students in order to help them offset their tuition costs. Students should be aware that additional course fees and incidental expenses may not be included in tuition. On average, international students can expect to pay $78954 annually, to study in Massachusetts Institute of Technology