Who pay for verification?

[lilyx]

Hey guys. I just got admitted to MIT Mfin, but I noticed that they asked for "verification" (reads, Background Check), which is, according to google, pretty expensive. So 2 questions:

1. Do I or the school pay for the verification processs?
2. Is ita common practice for all MFE programs? I thought it is only for MBA.

Thank you~

Lily

 

[aaronhotchner]

Look at your admit page. There is a form to fill out -- one page, asking for your name, e-mail address, and signature. You don't pay for anything.

 

[charlesc]

CMU also explicitly said they would do "verification".

I guess basically all MFE programs do such routine checks, those who know otherwise please correct me.

 

[Andy Nguyen]

Only programs that are based on business school (CMU, MIT, etc) do this as their admission routine is shared with the MBA admission. It's a common practice to do background check during MBA applications.
Other MFE programs are under science/math dept so they don't do this (not yet). It costs money to hire third party services to run background checks for admitted applicants to detect fraud.

 

[charlesc]

Only programs that are based on business school (CMU, MIT, etc) do this as their admission routine is shared with the MBA admission. It's a common practice to do background check during MBA applications.
Other MFE programs are under science/math dept so they don't do this (not yet). It costs money to hire third party services to run background checks for admitted applicants to detect fraud.

Well, this makes so much sense... Again, I've neglected the "silent majority".