Massachusetts Institute of Technology

The Massachusetts Institute of Technology placements for 2023 is good as compared to last year. In 2023, the median base salary drawn by MBA graduates is USD 170,000  (INR 1.41 Cr),  which was USD 165,000  (INR 1.36 Cr) in 2022. Students can check the below table to know more about the MIT MBA placements 2023:HeadClass of 2022 MBA ReportClass of 2023 MBA ReportMean base salaryUSD 159,391  (INR 1.32 Cr)USD 168,095  (INR 1.39 Cr)Median base salaryUSD 165,000  (INR 1.36 Cr)USD 170,000  (INR 1.41 Cr)Median signing bonusUSD 30,000  (INR 25 L)USD 30,000  (INR 25 L)Top IndustriesFinance, Consulting, Technology, Healthcare / Pharma / Biotech, etc.Consulting, Technology, Finance, Healthcare / Pharma / Biotech, etc.Top 5 CompaniesThe Boston Consulting Group, McKinsey & Company, Amazon, Google and Bain & CompanyMcKinsey & Company, Bain & Company, The Boston Consulting Group, Amazon, and VerizonMIT MBA job outcomesDownload the report for 2022Download the report for 2023

MIT is known for Engineering and the Physical Sciences apart from Economics and Political Science. MIT is also known for offering courses in philosophy, linguistics, and urban studies. MIT focuses on research and its infrastructure includes numerous research centers and laboratories. A space research centre, an artificial intelligence laboratory, a nuclear reactor, an international studies centre, and astrophysical observatories are part of MIT's infrastructure. Getting into MIT is extremely difficult, as the admissions are highly competitive. Students need to have a strong academic background along with an excellent overall profile. For the class of 2027,  Massachusetts Institute of Technology acceptance rate is 4.8%, it is very difficult to secure admission here. Students applying to MIT need to submit the following documents.Official school transcriptsSAT or ACT scoresEnglish language proficiency proofA statement of purposethe latest ResumeEssays and personal statementsA letter of recommendation

MIT has been ranked #1 in QS World University Rankings 2024. QS placed MIT at the top position for the last five years consecutively. MIT has also maintained its education and research standards to remain at the top. All the major ranking publishers have ranked MIT among the top 5 universities globally. US News has also ranked MIT at the second spot in its National University Ranking for 2022 and 2023. This indicates that MIT has maintained its education standards over the years. This also makes it very selective and candidates need to have a strong academic background for securing admission here. Check details about MIT Rankings from here. 

MIT and Harvard are the top-ranked universities in the world. They are known for their quality education and excellent research opportunities. Massachusetts Institute of Technology admissions is counted as the technology powerhouse of the US, as it focuses on STEM  (science, math, engineering, and technology) courses. Whereas, Harvard is known for offering a wide array of sciences and liberal arts programs. It is difficult to get into both MIT and Harvard, as the acceptance rate of both colleges is quite low. MIT has an acceptance rate of 4.8%, whereas, Harvard University has an acceptance rate of 3.4%. Therefore, it depends on your and the program you want to study at any of these universities.Check out details for Harvard University Admissions here.