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What is the MIT Master of Business Analytics(BA)Review?

The MIT BA Analytics Review is useful for people who want to gain a quick understanding of the Business Analytics program at MIT and understand if it would be a correct choice for them. Apart from a brief review of the school, data about the BA program application process, the class profile and placement statistics upon graduation are presented.

 

INTRODUCTION

The Institute

The MIT Sloan School of Management, based in Cambridge, Massachusetts, is one of the prestigious business schools. MIT Sloan is committed to its mission: to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.

An education at MIT Sloan prepares you for your next step, equipping you with the tools you need to lead a team, manage a complex organization, or found your own company. Fueled by the groundbreaking work of excellent faculty in such critical areas as finance and policy, innovation and entrepreneurship, technology, healthcare, and sustainability, you will leave MIT Sloan ready to take your career to the next level.

Students are at the forefront in many on-campus activities, putting management lessons to work and building the MIT Sloan community as they lead teams and plan conferences and social events through more than 60 clubs.

 

The MIT Sloan of Management Programs

MSc Business Analytics 

This is a specialized one-year program designed to prepare students for careers in business analytics.The program is tailored for current students or recent college graduates who plan to pursue a career in the data science industry, as well as those seeking career advancement or change, especially engineers, mathematicians, physicists, computer programmers, and other high-tech professionals.

MSc Finance

For high-achievers looking for a rewarding career in finance, MIT’s Master of Finance program features a rigorous 12- or 18-month STEM curriculum, emphasizing a foundation in how markets work and engineered around the most advanced financial theories, quantitative models and industry practices.

 MFin carries with it a legendary reputation, world-renowned faculty and innovative, hands-on learning experiences in a top-ranked, early-stage finance degree.

MIT Executive MBA

The MIT Executive MBA is a rigorous 20-month executive-schedule MBA program designed for mid-career executives poised at pivotal junctures in their careers. Through advanced management practices and applied learning projects you will emerge with a broader perspective and the tools to increase your impact.

The EMBA program is an opportunity to join an elite forum for innovation and leadership, in which you will develop an edge in your management capabilities and build a network that lasts a lifetime.


MIT BA PROGRAM: SALIENT  FEATURES

The program answers the industry’s demand for a skilled pool of graduates who can apply data science to solve business challenges. With the addition of this program, MIT now offers an analytics degree at the undergraduate, graduate, and doctoral levels.

Scholars have the opportunity for study with faculty members who are leaders in their field. Capstone projects involve students in finding solutions to real world problems, providing experiences that can apply directly to jobs after graduation.

The Master of Business Analytics will prepare students to interpret data and to use data to drive decisions. This skill set can be applied across a broad range of industries including management consulting, financial services, technology, energy, healthcare, manufacturing, and more.

Graduates will be ready for roles such as business intelligence analysts, quantitative or pricing and revenue optimization analysts, insurance risk estimation analysts.

 

Skills which the MIT BA values

MIT has one of the most competitive masters programs in the world and is on the lookout for high potential candidates who exhibit the following skills:

  •  Motivated
  •  Well-rounded
  •  Consistency
  •  Intellectual curiosity
  •  Inspirational
  •  Passionate                            

Be sure to mention in your motivation statement how you exhibit these skills, and back them up with relevant examples.

Next, in the MIT BA Review, find all the application requirements listed below.

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Eligibility Criteria

  • Excellent written and spoken English (TOEFL - 90 iBT /IELTS 6.5 or equivalent)

  • Transcripts

  • GRE

  • Statement of Purpose

 

MIT BA Program Content

The curriculum consists of five required fundamental subjects, one required Analytics Capstone project, one required project class, six three-hour modules, one pro-seminar, and a minimum of three focused electives. 

 Innovative in-class teaching methodologies are supplemented by various workshops and activities to enhance the overall learning experience.

Core Courses: Gain an accurate and analytical comprehension of data systems. Courses include:

  • The Analytics Edge
  • Applied Probability and Stochastic Models
  • Big Data Management and Analysis
  • Analytics Capstone
  • Optimization Methods
  • Analytics Lab
  • Machine Learning

Electives

These courses help enhance an expansive and deeper understanding of data systems.

  • Supply Chain Planning
  • Logistics Systems
  • Analytics of Finance
  • Risk Modelling
  • Social Innovation
  • Non-Linear Optimization Methods

 

USEFUL INFORMATION

Duration:12 months.
Location:Boston,USA.

Tuition Fees for 2018 intake: $57,350.

 

MIT BA Deadlines

The MIT BA Deadlines for the 2020 intake is as follows:

Rounds Deadline Dates
Round 1 9 January 2019

Constituents of the application package

  • Online application form
  • IELTS, TOEFL, Academic score (for some international students)
  • GMAT/GRE Score
  • A copy of college transcript
  • Letters of recommendations 
  • Resume

 

MIT BA Program Class Profile

  • Class size : 30
  • Average Work Experience :0-2 years
  • 33% female intake
  • 57% international students
  • Median GRE Quant: 168/170
  • Median Undergraduate GPA:3.9/4.0

 

MIT BA Program Placement Statistics

The employment rate is high for MIT BA Program graduates with many having six-figure salaries.

Overall MIT BA Program placements are pretty good, and hence the MPS Program is an attractive proposition for most people.

 

Some notable companies recruiting from the MIT BA program

GE AppliancesAccentureArthur D LittleBain & Company
GoupMCredit SuisseDeloitteStubhub
Fosun GroupGoldman SachsKPMGWalmart
McKinsey & CompanyNordstromMilward BrownMorgan Stanley
NomuraOliver WymanPwCRoland Berger

Next in the MIT BA Review, find all the application essay insights listed below.


APPLICATION  ESSAY  INSIGHTS

Each applicant must submit a number of essays. This is your opportunity to help reviewers better understand your academic objectives and determine if you are a good match for the field to which you are applying.

Essay 1:

Please describe your reason for pursuing the Master of Business Analytics (MBA) degree.  What do you hope to gain from the program? And what are your career aspirations? (500 words or less)

Essay 2:

Please describe a recent analytics/data science project that you have worked on and include up to three presentation slides which best represent your work. The slides may include data visualization examples. The project presentation slides must be in English.

 

As you can see the MIT BA program application is pretty extensive, & this is a good thing as they want to ensure only top quality students make it through the application process. So make sure you have perfect SOP's and stellar LOR's as they WILL make or break your case

Once you are done with your application, the MIT Sloan School of Management board reviews it and if shortlisted you would be called for an Interview round for the MIT BA Program.

We hope the MIT BA Review was useful to you, all the information has been sourced by the MIT Sloan School of Management, and for more data you should visit there.

MIT BA Homepage