MIT MFin MIT MFin Admission Discussion

supermushroom · 1/30/19

blondxd said:
Welp...

is this true??? They never mentioned the quant assessment in the info sessions... Assessment in what way? on paper?

blondxd · 1/30/19

supermushroom said:
is this true??? They never mentioned the quant assessment in the info sessions... Assessment in what way? on paper?

Seems like it is. I'm interested in knowing what spurred the addition of this extra layer. Perhaps the last intake struggled (relatively) a bit in quant courses? or, maybe it's to help ensure that the admissions process is more objective? Maybe they got inundated with apps this year and they need this extra layer to help filter more effectively.

Hopefully one of the early invites will give us an idea of what to expect.

waxonator · 1/30/19

blondxd said:
Seems like it is. I'm interested in knowing what spurred the addition of this extra layer. Perhaps the last intake struggled (relatively) a bit in quant courses? or, maybe it's to help ensure that the admissions process is more objective? Maybe they got inundated with apps this year and they need this extra layer to help filter more effectively.

Hopefully one of the early invites will give us an idea of what to expect.

I attended the ambassador program (back in early November) and Diane Jordan mentioned they would be incorporating a quantitative aspect of the interview this year. My guess is it wouldn't stray too far from questions seen on their suggested background assessment. Wouldn't hurt to practice with some quantitative finance interview questions and brush up on prob/stat, linear algebra, and calculus.

I am also based in Boston and haven't received an invite. In their email, they claim that "If invited to interview, you can always decide to join us on campus for an interview," which seems to mean that if you labeled Boston as a top priority, you will receive an invite to Boston if selected.

Really hope there's another Boston batch coming soon lol...

shrtvix · 1/30/19

Does anyone know when the Cambridge Interview round ends?
Did anyone receive invites to Cambridge recently, if so what is the interview date?

blondxd · 1/30/19

shrtvix said:
Does anyone know when the Cambridge Interview round ends?
Did anyone receive invites to Cambridge recently, if so what is the interview date?

Hey, Shrtvix. You can check the tracker for this info. Filter by program. Also, a few people earlier in this thread have indicated that they've received invites. Earliest I've seen is Feb 1. The tracker subtracts a day from inputed dates for some reason.

shrtvix · 1/30/19

blondxd said:
Hey, Shrtvix. You can check the tracker for this info. Filter by program. Also, a few people earlier in this thread have indicated that they've received invites. Earliest I've seen is Feb 1. The tracker subtracts a day from inputed dates for some reason.

Thanks for the comment , I saw some comments from Monday. I posted the question wondering if anyone got invites since then.

waxonator · 1/30/19

Doing some math on this, it seems possible but not likely that there will be another round of Boston interviews sent out.

Roughly 1800 applicants a year
~10% of classes are US citizens (Employment Reports | MIT Sloan)
~1/3 applicants receive interviews (Master of Finance FAQs | MIT Sloan School of Management)
~Expected # of US citizen interviews ~= 1/3 * 1/10 * 1800 = 60 (Assuming all these probabilities are independent which they probably aren't)

I can't remember if there were other US cities offered, but I'd assume most US citizens would incline to interview in Boston. Also, quantnet probably only represents a small portion of total applicants, maybe 5-10%, and there were already 5 unique interviewees I could gather from this thread. (5/0.075 ~= 67). Depends on how many of those selected are US citizens.

These calculations are pretty rough, but are a decent ballpark estimate.

shrtvix · 1/30/19

waxonator said:
Doing some math on this, it seems possible but not likely that there will be another round of Boston interviews sent out.

Roughly 1800 applicants a year
~10% of classes are US citizens (Employment Reports | MIT Sloan)
~1/3 applicants receive interviews (Master of Finance FAQs | MIT Sloan School of Management)
~Expected # of US citizen interviews ~= 1/3 * 1/10 * 1800 = 60 (Assuming all these probabilities are independent which they probably aren't)

I can't remember if there were other US cities offered, but I'd assume most US citizens would incline to interview in Boston. Also, quantnet probably only represents a small portion of total applicants, maybe 5-10%, and there were already 5 unique interviewees I could gather from this thread. (5/0.075 ~= 67). Depends on how many of those selected are US citizens.

These calculations are pretty rough, but are a decent ballpark estimate.

There are a lot of non-US citizens applying and chose Boston for the interview, like myself. But I think you are right it is probably unlikely that many more people will report their application progress.
I'm just surprised, that I didn't get an interview. Last year I was interviewed on the first day of interviews and got waitlisted so I assumed I would get at least an interview this year again. Given that my application is way stronger than it was last year.

waxonator · 1/30/19

shrtvix said:
There are a lot of non-US citizens applying and chose Boston for the interview, like myself. But I think you are right it is probably unlikely that many more people will report their application progress.
I'm just surprised, that I didn't get an interview. Last year I was interviewed on the first day of interviews and got waitlisted so I assumed I would get at least an interview this year again. Given that my application is way stronger than it was last year.

Yeah good point. I didn't mean to say that only those invited to interview in Boston would be US citizens, but factoring in non-US, then perhaps there would be close to 100 invites to Boston total. That significantly increases the likelihood that more invites will be sent out.

However, being a US citizen is not an advantage...

Juno Yao · 1/30/19

waxonator said:
Doing some math on this, it seems possible but not likely that there will be another round of Boston interviews sent out.

Roughly 1800 applicants a year
~10% of classes are US citizens (Employment Reports | MIT Sloan)
~1/3 applicants receive interviews (Master of Finance FAQs | MIT Sloan School of Management)
~Expected # of US citizen interviews ~= 1/3 * 1/10 * 1800 = 60 (Assuming all these probabilities are independent which they probably aren't)

I can't remember if there were other US cities offered, but I'd assume most US citizens would incline to interview in Boston. Also, quantnet probably only represents a small portion of total applicants, maybe 5-10%, and there were already 5 unique interviewees I could gather from this thread. (5/0.075 ~= 67). Depends on how many of those selected are US citizens.

These calculations are pretty rough, but are a decent ballpark estimate.

I hate to admit but I also think that those who are based in US that haven't received an invite to interview have a slim chance (like myself). There will definitely be more rounds of interviews on campus given that the deadline for current MIT undergrad is Feb 1st, but not for us. Here's some nonofficial statistics on number of interview invites from a 2016 thread: MIT MFin - MIT MFin Class of 2016 Applications

And I second shrtvix's point that many of us located in US are non-US citizens so we don't have a good estimate of how many will get interviewed in Boston.

finfuo · 1/31/19

Nothing for London, yet?
(Last year, the invitations were sent at that time)

shrtvix · 1/31/19

finfuo said:
Nothing for London, yet?
(Last year, the invitations were sent at that time)

I believe there was a delay this year compared to last year. If you look at the first page some people called Sloan and they were still reviewing apps last week.

indianfinanceguy · 1/31/19

shrtvix said:
I believe there was a delay this year compared to last year. If you look at the first page some people called Sloan and they were still reviewing apps last week.

Yeah. I think so too. People were receiving invitations for Mumbai by the end of Jan last year. However, it doesn't seem to be the case this time round.

Non-Euclidean Narwhal · 1/31/19

I emailed the Mfin adcom and they said that all applicants will receive either an invite or a reject letter at the start of February.

finfuo · 1/31/19

Next week then

finfuo · 1/31/19

Non-Euclidean Narwhal said:
I emailed the Mfin adcom and they said that all applicants will receive either an invite or a reject letter at the start of February.

Next week then.
When did you send your email?

Non-Euclidean Narwhal · 1/31/19

finfuo said:
Next week then.
When did you send your email?

On Jan 25

supermushroom · 1/31/19

waxonator said:
, lin

Non-Euclidean Narwhal said:
I emailed the Mfin adcom and they said that all applicants will receive either an invite or a reject letter at the start of February.

you mean either an invite by next week or a rejection?

Non-Euclidean Narwhal · 1/31/19

supermushroom said:
you mean either an invite by next week or a rejection?

I take it they mean all invites and all rejects will be sent out.

supermushroom · 1/31/19

Non-Euclidean Narwhal said:
I take it they mean all invites and all rejects will be sent out.

by the end of the first week of Feb or Feb 1st

MIT MFin MIT MFin Admission Discussion

Similar threads