MBA Courses at Massachusetts Institute of Technology

The average base salary for the MIT MBA class of 2022 was USD 159,391 and the median base salary was USD 165,000. 96.6% of MIT MBA students received offers within three months of graduation. Some of the top industries for the MBA class of 2022 was Technology, Consulting, Finance, and Healthcare / Pharma / Biotech.

MIT admission are highly competitive for international students because of its high acceptance rate and admission requirements. The MIT University MBA acceptance rate is around 15%, which means out of 100 applications only 15 accepted. The median GPA required for MBA admission at the university is 3.61 out of 4.0 and the median GMAT score is 730. Massachusetts Institute of Technology admissions requirements for MBA programme are: 

• Cover Letter
• Resume
• Video Statement
• One Letter of Recommendation
• Transcripts
• Standardized Test Scores
• Relevant Coursework & Professional Certifications
• Application Fee

Also Read: MBA Colleges in USA

MIT Sloan is a different kind of management school. Students can get hands-on learning and global experience. The two-year MBA programme of MIT will help in making the leaders ready to make a difference in the world. In the QS Global MBA rankings 2023, MIT ranks at #6 position, whereas, in the U.S. News & World Report 2023-24 rankings, MIT Sloan ranks at #4th position.

GMAT score is the critical component of the MIT MBA application process and plays an important role in the holistic evaluation process. International students must provide their valid GMAT score for MIT Solan MBA admissions. The median GMAT for MBA class 2025 is 730 with a GMAT range between 700 - 760. 

Also read: GMAT scores for Top MBA Colleges in the USA

MIT Sloan (MIT Business School) is one of the STEM-focused global business schools and students from all over the world desire to study here. In QS Global MBA Rankings 2024, Massachusetts Institute of Technology has been awarded the rank #6 in the world. Also, the MIT Sloan has been ranked #6 in Global Business Schools by the Financial Times MBA Ranking 2024. MIT MBA programs are STEM designated and students get to choose between various specializations such as Finance, Business Analytics, Global Operations, Management Studies, Design & Management, and more.

MIT Sloan MBA fees for 2023-24 is USD 82,000. Also, USD 2,200 per year will also be charged and this is the Sloan programme fee. This amount will be around INR 69 lakh. Besides the tuition fee, students are also required to pay for the living expenses. The living expenses will be around INR 24 lakh.

Read: 10 Most Affordable MBA Colleges in the US 

Graduates of the Massachusetts Institute of Technology are very skilled in their domain and are always in high demand among companies. Companies from across the country and the world come to MITto recruit fresh graduates. Listed below are some of the top recruiters of the MIT graduates:

For admissions to the MIT MBA program, students can apply through the MBA Application Portal, which is available on the university's website. Applications for the MBA in Massachusetts Institute of Technology are accepted through three rounds throughout the year. Given below are the Massachusetts Institute of Technology application deadlines for MBA:

According to various unofficial sources, the acceptance rate is 14.6% for MIT Sloan. Looking at the acceptance rate, it can be said that to get into MIT MBA, the applicants must have a strong and excellent academic record. To take admission to MIT MBA, students must meet all the eligibility and application requirements.

Given below is MIT MBA eligibility criteria:

• 4-year undergraduate degree or 3-year equivalent undergraduate degree from outside the US, by the time of matriculation
• MIT welcomes applicants from all over the globe, and from all study areas, including the Business, Humanities, the Social Sciences and Physical Sciences, and Engineering
• GMAT / GRE score
• Work experience

Read: MBA in USA wthout Work Experience 

The Massachusetts Institute of Technology placement rate increases from 96% in 2022 to 100% in 2023. MIT University MBA graduates get job offers within three months after graduation. Mentioned below are the Massachusetts Institute of Technology job outcomes in last two years:

As per the placement report, the Massachusetts Institute of Technology the highest package is USD 190,000 (median base salary) for Consulting. The below table includes the industry-wise placement statistics:

Some of the notable alumni from the MBA programme at the Massachusetts Institute of Technology (MIT) Sloan School of Management are as follows-

• John W. Thompson (MBA '83)- Chairman of Microsoft and former CEO of Symantec. 
• Brian Halligan (MBA '05)-  Co-founder and CEO of HubSpot, a leading inbound marketing software company, and a senior lecturer at MIT.
• Robin Chase (MBA '89) - Co-founder and former CEO of Zipcar
• Shuman Ghosemajumder (MBA '02)- Canadian technologist, entrepreneur, and author
• Daryl Morey   (MBA '00)- President of Basketball Operations for the Philadelphia 76ers for the National Basketball Association (NBA).
• Bill Taylor (MBA '87)- Co-founder and former editor of Fast Company Magazine 

Work experience is not mandatory for admission to the MBA programme at MIT Sloan, but it is highly recommended. The average work experience of students admitted to the MIT MBA programme is two to five years. It is not a formal requirement, but it can enhance the application. Work experience can include any full-time work experience or internship. 

The MBA programme at MIT, Sloan can be challenging due to its highly selective admission process and rigorous curriculum. According to unofficial resources the acceptance of MBA progra at MIT is somewhere between 12-14%. The programme is fast-paced, with a demanding schedule that includes lectures, workshops, and networking events. The course is considered highly quantitative so it will be difficult for students with no STEM background. It combines classroom discussion led by expert faculty with collaborative, hands-on projects hosted by global organizations. Balancing coursework, group projects, networking events, and job placements can be challenging.

The cost of tuition for the Master of Business Analytics programme for the academic year 2024-2025 is $91,250 (INR 77,41,875). The tuition fee excludes the cost of books and supplies which is around $1,452 (INR 1,23,205). The estimated cost of housing and food is $21,600 (INR 18,32,806) and $9,720 (INR 8,24,762). 

The MBAn programme at MIT is a blend of rigorous academic coursework and hands-on experience for students. It is a 12 month programme which emphasizes practical application, including a unique capstone project, where students collaborate with industry leaders to solve real-world data challenges. Students have research opportunities with more than 50 MIT Operations research center affiliated faculty and senior staff. The career development office connects students with industry leaders and alumni. Eligible applicants must hold a bachelor's degree or be in their final year of undergraduate studies. The admission process includes  submitting a resume, essays, letters of recommendation and academic transcripts.

MIT Master of Finance students can choose from a variety of specialties. Students can customize their degrees to fit their interests and professional objectives by specializing in Corporate Finance, Capital Markets, Financial Engineering, or Climate and Social Impact Finance.

The Master of Finance programme degree is completed in 18 months with the option to accelerate the degree requirements and complete it in 12 months. In the 18 month programme students complete their internship during the second summer term or complete a research assistantship. Whereas in the shorter term programme i.e, 12 month programme students have an action Learning experience where they work with corporate partners on real-world challenges.