Introduction
At MIT Sloan, MBA students embark on a transformative journey of self-discovery, evaluating their personal strengths, interests, and values to effectively position themselves in the competitive job market.
The MIT MBA program offers invaluable career counseling tailored to individual needs, ensuring students receive personalized guidance and support. What sets MIT Sloan apart is its faculty, comprised of accomplished practitioners in their respective fields, who bring real-world expertise and insights to the classroom.
MIT Sloan is committed to collaborating with students at every stage of their journey, regardless of their chosen destination. This unwavering support, combined with the exceptional quality of education and the global recognition of the program, solidifies MIT Sloan as one of the world's leading MBA colleges.
| Tuition Fees for MBA 2024 | $84,200 |
| Program Length | 24 Months |
| Program deadline MBA 2026 |
Round 1:September 27, 2023 Round 2: January 17, 2024 Round 3: April 8, 2024 |
| Intakes | 1 (August 2024) |
| Application Fees | $250 |
MIT Sloan MBA Class Profile
The MIT MBA class profile includes approximately 40% international students from 63 different countries. The class size at MIT MBA program is 408. The class has 54% male students and 46% female pupils. Students, who have an average age of 27, come from a variety of backgrounds. The class has a diverse range of pupils, which adds to the class's diversity.
| Average GMAT | 730 |
| Average GPA | 3.61 |
| Average work experience | 5 years |
| Average age | 27 Years |
| Pre-MBA industry MBA2025 |
Consulting 26% Finance/Accounting 17% IT&T 23% FMCG/Retail/Luxury Goods/E-commerce 8% Healthcare/Pharmaceuticals/Biotechnology 7% |
| Pre-MBA location MBA2025 |
American Indian, Alaska Native, Native Hawaiian, Other Pacific Islander - 5 (2%) Asian American - 48 (23%) Black / African American - 20 (10%) Hispanic / Latinx- 38 (18%) White- 84 (41%) Multi-race - 10 (5%) |
| Class size MBA2025 |
409 |
| Women MBA2025 |
46% |
| Country represented MBA2025 |
60 |
MIT MBA Ranking
When it comes to pursuing a Master of Business Administration (MBA) program, selecting the right institution is crucial for one's academic and professional journey. MIT, Massachusetts Institute of Technology, stands as a beacon of excellence in education, research, and innovation across various disciplines, including business administration.
Understanding MIT's MBA rankings by esteemed entities like QS Top Universities, Financial Times (FT), and Forbes provides valuable insights into its global standing and reputation.
| Rankings | Position |
| FT MBA Ranking | 11 |
| FT Rankings for Best Buiness Schools | 5 |
| QS Top University World University Rankings | 1 |
Eligibility and Requirements for MIT MBA
To be eligible for the MIT MBA program, applicants should possess a bachelor's degree or its equivalent from a recognized institution. While there are no strict prerequisites regarding specific majors or fields of study, a strong academic record and relevant work experience are typically expected.
The MIT MBA admissions process considers factors beyond academic achievements, placing value on diverse backgrounds, leadership potential, and the ability to contribute to the program's collaborative environment.
Applicants are required to submit GMAT or GRE scores, demonstrating quantitative and analytical abilities, along with English language proficiency for non-native speakers. The application also includes essays, letters of recommendation, and an interview, providing a holistic view of each candidate's capabilities, motivations, and potential fit within the program.
Application Components:
When applying to the MBA program at the MIT, prospective students must ensure they meet certain prerequisites. These include fulfilling fundamental criteria such as academic transcripts, standardized test results, higher then recommended MIT MBA GMAT score and necessary documentation.
| Requirements | Details |
| Test scores needed | - The MIT Sloan Admissions Committee anticipates receiving either a GMAT or GRE score for consideration within your application. - They accept both the remote and in-person formats of these tests without favoring one over the other. |
| Standardized requirements by school: | - Cover letter - Resume (one page limit) - Video Statement (Not more than 1 minute) - LOR |
| Additional requirements: | - Relevant Coursework and Proffesional Certifications |
Program and Curriculum of MIT MBA
In your initial semester, known as the core semester, you'll join one of six diverse student groups, each named after a body of water: Atlantic, Baltic, Caribbean, Indian, Mediterranean, and Pacific. These groups are further divided into smaller teams. Together, you'll progress through the core semester, building strong connections that endure throughout your MBA journey and beyond.
Following the core semester, you have three additional semesters to tailor your program according to your preferences. In total, you'll engage in 144 units of elective courses. You also have the option to enroll in up to three graduate-level subjects from MIT or Harvard outside of MIT Sloan. Additionally, some students choose to undertake a thesis in their second year.
Collaborating with students and faculty from various disciplines across campus is one of the highlights of the MIT Sloan experience. These connections often lead to innovative ideas, products, and even new ventures.
Moreover, MIT Sloan offers seven certificates, allowing you to focus your studies on specific areas of interest and delve deeper into your chosen field.
Electives
Elective courses form an integral part of the MIT MBA experience, offering students the opportunity to tailor their academic journey to their individual interests, career goals, and aspirations.
| Managerial Finance | This course equips students with essential tools and concepts to analyze financial data, assess investment opportunities, and make strategic financial decisions. |
| Intro to Operations Management | Students will explore the strategic role of operations in achieving organizational objectives, optimizing processes, and enhancing efficiency and productivity. |
| Competitive Strategy | This course delves into the principles of strategic analysis, industry structure, and competitive positioning, empowering students to formulate and implement effective strategies for sustained success. |
| Marketing Innovation | Marketing Innovation focuses on leveraging creative approaches and emerging technologies to drive customer engagement, brand differentiation, and market growth. |
Fees, Financing and Scholarships at MIT MBA
The student budget provided reflects the typical Cost of Attendance established by Student Financial Services, with minor potential variations based on family size. This amount serves as the maximum threshold for all types of financial assistance, encompassing scholarships, fellowships, and student loans. Additional living expenses may fluctuate significantly, influenced by individual lifestyle choices, household size, and other personal factors.
| Tution Fees | $84,200 |
| Student Life fee | $406 |
| Health Insurance | $3,237 |
Scholarships for MIT MBA applicants
To support talented and deserving candidates in their quest for excellence, MIT offers a range of scholarships specifically tailored for MBA applicants. These scholarships aim to alleviate financial barriers and empower exceptional individuals to realize their academic and professional aspirations.
| Scholarship | Value | Eligibility |
| ABANA John Mack Fellowship | $15,000 GRANT FOR UP TO TWO YEARS | Demonstrated interest in pursuing a business/finance career. |
| Fundacion Gondra Barandiaran | Full tution Fees for two years | MBA candidates must be admitted in Round 1 or Round 2 |
| Kennedy Memorial Trust Scholarships | NA | Only for Harvard and MIT |
| Legatum Fellowship | $10,000 and $25,000 in tuition/stipend support | A current MIT Student who will still be enrolled for the year-long duration of the fellowship |
| Sloan Social Impact Fund | NA |
Employment Upon Graduation
The MIT MBA Class of 2023 faced extraordinary obstacles to achieve outstanding accomplishments. They took advantage of prospects for impact and growth in our top industries, with 96.6% receiving offers within three months of graduation. Signing bonuses and other types of promised compensation contributed significantly to total MIT MBA salary and placement packages. The average signing bonus was $30,000.00. Furthermore, 62% of the Class of 2022 received remuneration other than a signing bonus.
| Average Salary | $168,095 |
| Offers Recived Upon three months | 92% |
| Offers Recieved Upon six months | 94% |
| Reporting rate | 72.2% |
| Post program Job Location | Boston Metro New York City metro San Francisco Bay Area |
| Post MBA Industries | Consulting - $190,000 Technology - $157,100 Finance - $175,000 |
MIT MBA Application: Essays and Interview
Starting the MBA journey at MIT involves exciting steps, beginning with the application process. This process, centered on essays and interviews, lets applicants highlight their individuality, experiences, and goals.
Essays
The MIT Sloan School of Management offers a prestigious MBA program designed to prepare students for leadership roles in a rapidly changing global economy. The MIT Sloan MBA Essays are highly selective, with a competitive application process that considers academic performance, professional experience, leadership potential, and personal qualities.
Graduates of the program have gone on to achieve great success in a variety of industries and sectors, making the MIT Sloan MBA a valuable investment in one's future career. MIT Sloan MBA Essays aim to know a student's potential and mindset, to understand if they fit the values of the school.
Essay 1
Please describe a time when you went beyond what was defined, expected, established, or popular. (500 words or fewer, limited to one page)
Essay 2
Please describe a time when you convinced an individual or group to accept one of your ideas. (500 words or fewer, limited to one page)
Interview Questions
Interviews are exclusively offered to selected candidates and are mandatory. Receiving an interview invitation indicates that your application has progressed significantly, although admission is not guaranteed. Prior to the interview, invited candidates will need to answer two additional questions. Instructions for submitting your essay will be provided in the interview invitation.
Who Attends MIT MBA
- Seeking individuals who enhance the experience of their peers.
- Looking for thoughtful leaders with exceptional intellectual capabilities.
- Candidates should have drive and determination to make a significant impact.
- Valuing independence, authenticity, and fearless creativity.
- Desiring those who redefine solutions to conventional problems and foresee unconventional dilemmas with innovative ideas.
- Demanding integrity, respect, and passion in applicants.
- Seeking candidates who have shown academic excellence, personal achievement, and strong self-motivation.
Check out detailed analysis of MIT MBA Interview Questions, MIT Sloan Interview Questions
Why MIT is Unique
Still Wondering Is MIT MBA worth it?
- Residential System: MIT felt like home, with close neighbors as friends and a supportive living group environment.
- Intensity: Students engage intensely in both academics and social interactions, exemplified by all-nighters for projects or deep conversations.
- Passion: Diverse passions drive the MIT community, leading to impactful projects and personal discoveries in various fields.
- Nerdiness: A culture of deep enthusiasm for learning spans from pre-freshman events to senior year discussions across all disciplines.
- Unconventional Creativity: Students freely explore creative projects like building wooden rollercoasters or creating tech-enhanced art, supported by unique academic policies.
- Collaboration: Teamwork is essential, encouraged by challenging problem sets and an inclusive, non-competitive academic atmosphere.
- Difficulties and Stress: Despite the high stress and intense atmosphere, the rigorous environment prepares students well for future high-pressure roles.
Useful Links
| Eligibility & admission process | How to Apply |
| Costs & finance | Financing Your Education |
| LBS Alumni | Alumni |
| Application | How to Apply to the MBA Program |
| Contact | MIT MBA Program 617-253-1000 admissions@mit.edu |
Conclusion
MIT MBA is one of the most renowned MBA colleges in USA. MIT MBA students have access to a range of networking and professional development events, which give them the opportunity to meet with industry experts, entrepreneurs and recruiters. They have a high rate of success and the placement rate is a soaring 97% which makes every peeny spent as MIT MBA fees worthy. They have notable alumni network which will help and guide you throughout your MBA journey.
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