NewburyportNews.com, Newburyport, MA

Business

January 10, 2012

Business school offers new opportunities

CAMBRIDGE, Mass - (BUSINESS WIRE) MIT Sloan School of Management announced two changes to its Master of Finance (M.Fin) program: an additional round of admissions with an application deadline of March 15, and the availability of partial tuition fellowships for a select group of highly qualified candidates. The moves are in response to growing student and industry demand for the specialized degree.

Launched in 2008, the intensive one-year program prepares students for entry-level positions in corporate finance, capital markets, asset management, research, government, and financial engineering. In its first two years, the size of the program more than doubled from 26 to 59 students. The Class of 2013 will have about 120 students. The first two round application dates were November 1 and January 4.

"In this tight employment market, recruiters are looking for job candidates with technical training and state-of-the-art analytical skills," says Heidi Pickett, the Program Director. "MIT Sloan's M.Fin program provides a competitive advantage for young people-particularly high-potential college seniors—to deepen their financial expertise and sharpen their professional skills before they enter the job market."

In last year's class, 92% of students had job offers within three months of graduation. Most took positions in sales and trading, risk management, hedge funds, financial consulting, and the public sector.

The school has also established the Dean's M.Fin Fellowships for a select group of admitted students who demonstrate exceptional academic records, outstanding personal achievements, and high professional promise.

The M.Fin. program primarily targets students with 0-2 years of work experience. Students in the M.Fin Program take 10-12 specialized courses, which differs from the typical MIT Sloan MBA course of study where students have the option to take up to eight finance courses. Through a curriculum that combines theory and action learning, M.Fin candidates study the current and future best practices in using finance models, including a deep understanding of their limits.

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