MIT Sloan School of Management

FAQ

What is the tuition for MIT Sloan’s MBA program?

The tuition for MIT’s Sloan MBA program is $77,168 per year. The total cost of the MIT Sloan MBA program is $120,846 per year; this includes budgeted living expenses.

How hard is it to get into MIT Sloan’s MBA program?

The acceptance rate for MIT Sloan is 13.8% It is important to consider the acceptance rate in the context of the student profile of those who are admitted. For example, the average GMAT score is 727 median.

What is the average GMAT score for admission to MIT Sloan’s MBA program?

The average GMAT score for the incoming class at MIT Sloan is 727. The GMAT middle 80% range is 690 – 760.

Does the MIT Sloan MBA program accept the GRE?

Yes. The MIT Sloan MBA program has accepted the GRE for a few years now.

What is the average GRE score for admission to MIT Sloan’s MBA program?

The average GRE score for the incoming class at MIT Sloan is Quant range (middle 80%) 158 – 169 and Verbal range (middle 80%) 154 – 169.

What is the minimum number of years of work experience required for admission to MIT Sloan’s MBA program?

MIT Sloan does not state a minimum requirement for years of work experience. However, it is important for candidates to be aware that they are being considered against other candidates with an average of five years of experience.

What is the average number of years of work experience for admission to MIT Sloan’s MBA program? (or, What is the average age of a MIT Sloan student?)

The average number of years of work experience among students in MIT Sloan’s MBA program is five. The average age of a MIT Sloan MBA student is 27.

What is the average starting salary for graduates of the MIT Sloan MBA program?

The average starting salary for MIT Sloan MBA graduates is $140,000 (median base salary). The salary will vary by industry, with consulting and finance jobs generally commanding the higher salaries.

How long is MIT Sloan’s full-time MBA program?

MIT Sloan offers a traditional 2 year MBA program.

What are the application deadlines for MIT Sloan’s MBA program?

The Round 1 MBA application deadline is October 1, 2020. The Round 2 application deadline is January 19, 2021. The Round 3 deadline is April 12, 2021.

What percent of MIT Sloan MBA students are women?

The percentage of the class at MIT Sloan that are women is 41%.

What type of interview does MIT Sloan use for MBA admissions?

MIT Sloan offers interview by invitation, once the initial application is reviewed. The interviews are non-blind, meaning the interviewer will have read your application, or reviews of your application.

VIDEOS

Admissions

The Class Profile

The MIT Sloan Class of 2021 numbers 416 students.  The average GMAT score posted was 727, and the middle 80% range of results spanned from 690 to 760.  While prior professional experience for members of the Class of 2021 averaged five years per student, the range spanned from 0 to 15 years of work.  Women constituted 41% of incoming students.  Forty-one percent of students in the class are international and 54 countries are represented.

With respect to students’ undergraduate degrees, 33% of enrolled first-year MIT Sloan students pursued the field of engineering.  Meanwhile, 18% of students arrived in Cambridge with academic backgrounds in business and commerce.  Twenty-one percent of first-year students majored in economics.  Thirteen percent of students pursued degrees in the humanities, 11% in math and science, and the remaining 2% of students majored in computer science. They averaged a GPA of 3.6.

Application Procedures

Applicants to the Sloan MBA program can submit their materials in one of three rounds taking place each year at roughly the beginning of October, mid-January, and early April.  Prospective students must submit a résumé, cover letter, video statement, a company organizational structure, an online form of personal and professional data, two essays, one letter of recommendation, copies of their academic records, GMAT or GRE results, an application fee of $250, and TOEFL or IELTS results if applicable.  MIT Sloan interviews are by invitation only, and these may be conducted on campus, at one of several global locations or by Skype.

Application Checklist

• Essays
• Cover Letter
• Video Statement
• Company Organizational Structure
• GMAT/GRE/TOEFL/IELTS Score(s)
• Transcript
• Résumé
• Recommendation Letter
• Application fee

Interview Reports

MIT Sloan Interview Questions: Deferred Admission / Adcom / Skype

Are there any updates to your application? Tell me a time when you worked with a difficult person. Tell me a time when you demonstrated leadership. Tell me about any advice you’ve received recently. Why Sloan? What are your career goals?

MIT Sloan Interview Questions & Report: Round 3 / Adcom / Skype

It went pretty well. The interviewer asked me about three questions in the thirty-minute time frame and it was over before I knew it. One behavioral question she asked was about a time I had to push back or experienced conflict with a superior in the workplace. She seemed to like my answers but you […]

MIT Sloan Interview Questions & Report: Round 3 / Adcom / Skype

Skype Interview during COVID-19. It total lasted about 30 minutes. Interviewer was dressed informally in an oxford shirt and zip sweater. Began with small talk about the current COVID situation / weather. Interviewer asked standard MIT questions: 1. Do you have any updates since your application was submitted? 2. Tell me about your current role. […]

MIT Sloan Interview Questions & Report: Round 2 / AdCom / Off-Campus Hub

With AdCom member, part of traveling interview tour, application-based. Questions: Any updates to your application? Describe a time when you got pushback from a supervisor/team member. Describe how you motivate others in a work setting. Why MIT Sloan/why MBA? Post-MBA career goals? What questions do you have for me? Very conversational, laid-back discussion. In fairness, […]

MIT Sloan Interview Questions & Report: Round 2 / Adcom / Skype

It was a very conversational interview. Since Sloan does non-blind behavioral interviews with admissions committee members, they are already familiar with your application and ask more targeted questions that allow you to frame your answers in ways that make sense to your story. Questions asked: Tell me about your background and how you ended up […]

MIT Sloan Interview Questions & Report: Round 2 / Adcom / Skype

2020: the year of…coronavirus? Yes, Round 2 interviews for Sloan conducted via Skype due to coronavirus concerns, so that was disappointing because I was banking on going to campus to see a class and be able to talk about it/express my interest. Due to Sloan’s small class size, they are very selective and really need […]

MIT Sloan Interview Questions & Report: Round 2 / Adcom / Skype

Questions: 1. Are there any new updates to your application you’d like to inform the committee about? 2. Tell me about a time you dealt with conflict. The rest was specific to my resume, and industry.

MIT Sloan Interview Questions & Report: Round 2 / Adcom / Off-Campus Hub

Met with Adcom member at the local Bain & Co. Office (this is where all individuals were interviewing with MIT for the day). They were running on a tight 40-minute schedule and appeared to immediately submit their notes on each candidate (room walls were glass). The interviewer had all of my materials and asked a […]

MIT Sloan MBA Interview Questions & Report: Round 1 / Adcom / Off-Campus Hub

At a hotel lobby / Highly conversational & to the point As I saw my interviwer walking towards me, she picked a table at the lobby. We sat down and started to talk. 1. What’s new since you applied to Sloan 2. Why now MBA? – I added comment about my career goals 3. Why […]

MIT Sloan MBA Interview Questions & Report: Round 1 / Adcom / Off-Campus Hub

Interview was at a hotel. I was 15 minutes early so the interviewer started the interview early. She started with explaining the process and that she will take notes. 1) What changed since the app Tell me about a time when 2) you had to work with a difficult person 3) you solved a difficult […]

Mit-sloan Q&As

Admissions Director Q&A: Dawna Levenson of the MIT Sloan School of Management

We are moving right along in our Admissions Director Q&A series with a trip to Cambridge, Massachusetts. Dawna Levenson is an Assistant Dean of Admissions at the MIT Sloan School of Management there. As the co-lead of the team, she shares responsibility for all recruiting, evaluation, conversion and marketing activities in support of the MBA, […]

Our Latest Podcast: Admissions Director Q&A with MIT Sloan’s Dawna Levenson

After a brief hiatus, we are delighted to resume the Clear Admit MBA Admissions Podcast series with a terrific interview with Dawna Levenson, who was just promoted to assistant dean of admissions at MIT Sloan School of Management. Describing herself as a “true, blue Bostonian,” Levenson holds both undergraduate and graduate degrees from MIT. (Her […]

Adcom Director on MIT Sloan Application Changes: Video Essay, GMAC Common Recommendation Letter, Increased Word Count for Cover Letter, More

The 2017-18 MBA application to MIT Sloan School of Management went live last week, featuring a range of changes from last year’s. The debut of a new video statement (required of all applicants), the implementation of the Graduate Management Admission Council (GMAC) Common Letter of Recommendation form, and an increased word count and expanded instructions […]

Mit-sloan LiveWire and DecisionWire

Academics

Faculty

Over 115 faculty members and lecturers teach at MIT Sloan.  In addition to teaching courses across the school’s 13 academic areas, faculty members help staff nearly 15 research centers and projects.  These include the MIT Leadership Center, the Center for Energy and Environmental Policy Research and the Laboratory for Financial Engineering, among others.

Curriculum

Each Sloan class comprises roughly 400 students and is divided into cohorts of about 70 students each before the start of the program. Students in one cohort take all of their seven core courses together during their first semester, and cohorts are further divided into study teams of six or seven students. Sloan operates on a semester schedule and incorporates all core requirements into the first semester, thus freeing up the three remaining semesters for electives.

MBA students begin their tenure at Sloan with an orientation program, and there is also an optional pre-term session prior to orientation that offers courses in topics such as accounting, economics and statistics. International students may also benefit from the Classroom, Communication and Culture workshop in mid-August. Fall classes generally begin about a week into September and end in mid-December, with finals extending through the week preceding Christmas. In their first semester at Sloan, MBA students complete five mandated courses and can choose to take one of four electives—surveying fundamental areas of business and management education—to fulfill the required core.

In the three 13-week semesters that follow, students are free to select courses from MIT Sloan’s more than 220 electives. There are no formal major requirements, though many students choose to organize their degree by following a track in Entrepreneurship and Innovation, Finance, or Enterprise Management. Additionally, students have the opportunity to pursue certificates in Sustainability, Healthcare, or Business Analytics concurrent with their track of choice. In the middle of each semester, MIT Sloan makes time for a Sloan Innovation Period (SIP), a week during which classes and activities are put on hold so that faculty can conduct seminars and projects that connect students to the newest findings of Sloan researchers. Meanwhile, the four-week Independent Activities Period (IAP) in January gives students the opportunity to undertake for-credit and non-credit courses and activities that match their interests. Student groups may even offer IAP courses as part of this community-led experience.

There are several immersive offerings within the MBA program that provide students with an experiential, problem-solving approach to key business concepts.  Global Entrepreneurship (G-Lab), for example, allows second-year students to spend about four months total on consulting engagements for startup firms in emerging nations. G-Lab students spend at least three weeks in January, when classes are not in session, working on-site for these firms. Similarly, S-Lab, or Sustainability Lab, matches Sloan MBA students with organizations across the globe and equips them to resolve sustainability issues that businesses face. For further international experience, students can study abroad through one of Sloan’s exchange programs with European schools, including London Business School and IESE, or an international study tour conducted with the guidance of a Sloan faculty member.

Other MBA Degree Options

Along with its full-time MBA program, Sloan also offers an Executive MBA program for leaders who have already amassed at least 10 years of work experience. Meanwhile, the MIT Sloan Fellows Program provides executives with a highly intensive yearlong track towards an MBA, a Master of Science in Management or a Master of Science in Management of Technology. Sloan students can also benefit from tailored options such as the dual degree MPA/MBA in conjunction with Harvard’s Kennedy School of Government. In addition, Sloan offers a program with the MIT School of Engineering: the Leaders for Global Operations program, which allows students to pursue an MBA while obtaining a Master of Science, and an MBA/Master in City Planning with the MIT Department of Urban Studies.

Tracks at MIT Sloan

Entrepreneurship & Innovation (E&I)
Finance
Enterprise Management

Degree Offerings at Sloan

MBA Programs
Full-time, Fellows Program in Innovation and Global Leadership
mitsloan.mit.edu/mba
https://mitsloan.mit.edu/mit-sloan-fellows-mba

MIT Executive MBA
https://emba.mit.edu/

Dual Degrees
Leaders for Global Operations, System Design and Management, Harvard Kennedy School
lgo.mit.edu, sdm.mit.edu

Campus Life

Clubs, Conferences & Competitions

MBA students seeking extracurricular activities have their pick from more than 70 student clubs and organizations at MIT Sloan. These groups range from professionally-oriented groups like the Entrepreneurship & Innovation Club to cultural and affinity organizations such as Sloan Women in Management, as well as athletic and recreational clubs. The MIT Sloan Student Senate is the school’s student government and serves as a formal connection between students and the administration. Students are also responsible for the planning of weekly C-Functions, or Consumption Functions, which draw members of the student body, faculty and staff for informal meetings over food and drink that are held both on and off campus.

MIT Sloan plays host to a number of conferences and lecture series throughout the year, many of which are sponsored by student clubs and organizations. One such example is the annual MIT Sloan BioInnovations Conference; run with the help of the MIT Sloan Healthcare Club, the BioInnovations Conference explores innovation and entrepreneurship in the healthcare industry. Sloan also organizes several renowned competitions, including the MIT $100K Entrepreneurship Competition, which provides burgeoning entrepreneurs with the feedback, resources and funding to create their own ventures across six industry tracks.

Campus Spaces

The Sloan School of Management is concentrated in the easternmost part of the MIT campus, which spreads out over nearly 170 acres along the Charles River in Cambridge, Massachusetts. E62, the six-story “flagship building” of MIT Sloan, comprises 215,000 square feet of space, contains 35 study rooms and houses all of MIT Sloan’s faculty; it is LEED certified and the greenest building on Sloan’s campus. Other notable buildings on campus are the historic E52, the E51 or Tang Center, and the E53, which houses Sloan’s Dewey Library. MIT Sloan does offer graduate housing options for students and their families, but many MBA students choose to live off campus in Cambridge or nearby Boston neighborhoods.

MBA Careers

Career Services

MIT Sloan’s Career Development Office (CDO) serves MBA students throughout the academic year, though Sloan students also benefit from a number of other resources integrated into their MBA experience. One part of the core curriculum is the Career Core, which helps students assess and plan their careers while providing training in key soft skills, such as interviewing. First-years can also utilize the Alumni Student Mentor Program. A range of on-campus recruiting, career fairs, treks and networking events offer students hands-on career support, while the Career Resource Center and related online materials aid in research and planning. The CDO confirms the job postings for fall recruiting by late August, and the first full-time recruiting period takes places from the first week of October to the beginning of December.

Career Statistics

About 96% of the Class of 2019 had received job offers three months after graduation, with about 93% of students accepting an offer by this point.  The median salary reported for the class was $140,000.

The industry most pursued by Sloan’s Class of 2019 was consulting, with approximately 31% of Sloan MBA graduates choosing this route. Just under 29% joined the tech industry, which includes Software/Internet, Computers/Electronics, and Telecommunications. Roughly 15% of Sloan graduates took positions in the manufacturing industry, which includes Pharma/Biotech and Consumer Goods. Just over 19% of the Class of 2019 undertook financial services.

In line with the hiring trends of most business schools, Sloan sent the highest percentage of the Class of 2019 to the region in which the school is based, the Northeastern U.S.  Of the approximately 90% of students working in post-MBA roles in North America, almost 45% found work in the Northeast, and 26% of U.S.-based graduates chose to work in the city of Boston.  The second most popular area of the U.S. was the West, with 27% of 2019 graduates, and in total about 10% of the class pursued positions abroad.

Financing

Tuition for the 2020-2021 academic year amounts to $77,168. Taking into consideration fees for books and supplies as well as estimated computer, food, personal, housing, or transportation expenses, the MBA program in sum is estimated to cost students $120,846 for the academic year.  Students who are U.S. citizens or permanent residents should file for loans through FAFSA, though both U.S. and international students who wish to apply for loans must submit a separate form, the MIT Graduate Loan Application, upon acceptance.  Sloan fellowships, scholarships, and teaching and research assistantships are available as well, and students are automatically considered for all but the Legatum Fellowship and MIT Public Service Center Fellows when they are admitted.

Cost of Attendance (per year)

• Tuition $77,168
• Total Fees $2,568
• Books & Supplies $2,550
• Computer $2,000
• Food $5,960
• Personal (includes medical insurance) $6,950
• Housing $20,700
• Transportation $2,950
• Total $120,846

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