Massachusetts Institute of Technology

Massachusetts Institute of Technlogy offers extensive need-based financial aid to their international students and try making the university an affordable option to study in. Students must note that a separate scholarship application is required to avail financial aid at MIT. Listed below are the steps to apply for MIT scholarships for international students:CSS Profile: CSS Profile is a tool provided by the MIT College Board and is used to determine if the candidate qualifies for a need-based MIT Scholarship. Documents required for the same includeCandidate's parents’ income tax returns or wage statements;Any other records of money earned;Current bank account balances;Records of investments; andRecords of untaxed income.

As it is widely known, MIT is one of the most competitive institutes in the world to get into. Hence, in order to strengthen their applications, students must follow the tips listed below:Score 1550 or higher in SAT or 34 or higher in the ACT;In case a student is a national Olympiad winner then they can get into MIT, since the admissions committee prioritizes students with brilliant sports achievements;In case a student is a national or state winner, they have a chance of getting into MIT;Candidates must show a major interest in the course that they are aiming to pursueMaintain a good relation with the teachers as they can be helpful in providing the letters of recommendations (LOR);Do a lot of social work and volunteering;Try to write a good essay;Extracurriculars should be filled with positive aspects showing good nature and character.Some of the other factors that will be considered at the time of admissions are: what makes the applicant different, what change they will bring in their life once admitted in the institute, what profit MIT will have in admitting them, and more.

According to the review of few students, MIT is better than IIT when it comes to placements. Some of the reasons as to why MIT is better than IIT are:Infrastructure: MIT’s infrastructure such as the research equipment etc. is the state of the art. A huge amount of funding from various organizations for cutting edge research is received by MITTeaching Practices: In the institute like MIT, more focus is laid on research than classroom teaching, whereas, at IITs, classroom teaching takes more time than researchSupportive professors: At MIT, students and professors come together to solve a problem. One can talk to a professor about anything and everything. This quality allows students to communicate, take advice, and counter professorsAlso Check: List of Top IIT is India

MIT admission requirements for Masters in Business Analytics are given below. An ideal completed MIT application for MBAn will have the following:A resumeEssay questionVideo question 1 & 2Three letters of recommendationAcademic transcriptsAn undergraduate degreeRelevant coursework and professional qualifications (as required)GMAT / GRE scoreTOEFL / IELTS scores (optional)USD 155 as an MIT application feeWhat after the submission of MIT MBAn application? All the applicants admitted to the MBAn programme shall be required for interview. But, note that the interviews are conducted as per invitation only.The interview is both technical and behavioralFor the technical part of the interview, the applicants may be asked Math, Probability, Statistics, and / or Computer Science questions relevant to the fields of Data Science and AnalyticsThe Behavioral questions will help the admission team to know how an applicant works with a team, makes decisions, and solves problems

Both Harvard University and the Massachusetts Institute of Technology (MIT) are mong the top 100 universoties in the world. They offers the best MBA programme in the world for internationa students. We have compared them below in terms of thier MBA placement and tuition fees:UniversitiesMBA Median Base SalaryMBA First Year Tuition FeesHarvard UniversityINR 18 L - 72 LUSD 175,000 (INR 1.5 Cr)Massachusetts Institute of TechnologyINR 44 L - 88 LUSD 170,000  (INR 1.41 Cr)As per the above information, Harvard is the better choice to study MBA in the USA. Harvard offer the MBA programme at low cost as compared to MIT MBA fees and the median base salary is also high.

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:IndustryMedian Base Salary 2022Median Base Salary 2023Auto / AerospaceUSD 160,000 (INR 1.33 Cr)USD 146,500 (INR 1.22 Cr)ConsultingUSD 175,000 (INR 1.45 Cr)USD 190,000 (INR 1.58 Cr)EnergyUSD 150,000 (INR 1.25 Cr)USD 160,000 (INR 1.33 Cr)FinanceUSD 170,000 (INR 1.41 Cr)USD 175,000 (INR 1.45 Cr)Healthcare / Pharma / BiotechUSD 145,000 (INR 1.20 Cr)USD 147,500 (INR 1.22 Cr)Media / Entertainment / SportsUSD 137,500 (INR 1.14 Cr)USD 140,000 (INR 1.16 Cr)Retail / CPGUSD 141,000 (INR 1.17 Cr)USD 146,250 (INR 1.21 Cr)TechnologyUSD 150,000 (INR 1.25 Cr)USD 157,100 (INR 1.30 Cr)Other Manufacturing IndustriesUSD 140,000 (INR 1.16 Cr)USD 157,500 (INR 1.31 Cr)Other Service IndustriesUSD 125,000 (INR 1.04 Cr)USD 147,500 (INR 1.22 Cr)OtherUSD 132,000 (INR 1.10 Cr)USD 125,000 (INR 1.04 Cr)