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 $74,200 per year. The total cost of the MIT Sloan MBA program is $111,570 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 728 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 728. The GMAT middle 80% range is 700 – 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 4.9 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 4.9. The average age of a MIT Sloan MBA student is 28.

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

The average starting salary for MIT Sloan MBA graduates is $135,000 (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 was September  25, 2018. The Round 2 application deadline is January 22, 2019. The Round 3 deadline is April 8, 2019.

What percent of MIT Sloan MBA students are women?

The percentage of the class at MIT Sloan that are women is 42%.

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.

Admissions

The Class Profile

The MIT Sloan Class of 2020 numbers 409 students. The average GMAT score posted was 728, and the middle 80% range of results spanned from 700 to 760. While prior professional experience for members of the Class of 2020 averaged 4.9 years per student, the range spanned from 0 to 15 years of work. Women constituted 42% of incoming students. Thirty-eight percent of students in the class are international and over 49 countries are represented. 

With respect to students’ undergraduate degrees, 31% of enrolled first-year MIT Sloan students pursued the field of engineering. Meanwhile, 20% of students arrived in Cambridge with academic backgrounds in business and commerce. Twenty-one percent of first-year students majored in economics. Fourteen percent of students pursued degrees in the humanities, 7% in math and science, and the remaining 2% of students majored in computer science.

Application Procedures

Applicants to the Sloan MBA program can submit their materials in one of three rounds taking place each year at roughly the end of September, 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, two letters 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 Letters
• Application fee

Interview Reports

MIT Sloan MBA Interview Questions & Report: Round 3 / Deferred Admission / Skype

My Skype interview with MIT Sloan started out with a bit of small talk eg. how are you, how’s (country that I’m from), then proceeded to a quick explanation of what the adcoms are looking for in the interviewer. Vibe was remarkably friendly and very casual. Went into a fair bit of depth into my […]

MIT Sloan MBA Interview Questions & Report: Deferred Admissions / Adcom / On-Campus

My interview with Sloan was application based. It was a very conversational and relaxed interview. Lots of behavioral questions: greatest weakness greatest strength Why Sloan Why MBA Tell me about a time where you showed leadership Tell me about a time where you relied on someone else for help Great school with warm, collaborative environment. […]

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

My interview with Sloan Adcom lasted only about 20 minutes, which was unexpected but the atmosphere was quite nice and not tense at all. I also expected more behavioral questions but most of them were about my current job Questions Several questions asking for details about my current role and company Time when I was […]

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

An MIT Sloan MBA interview report with questions was submitted to Clear Admit by a Round 1 applicant off-campus: These reports helped me prepare my interview a lot, so here’s giving back to the community! I applied for LGO class of 2021 Round 1. My interview was with Ms Dawna Levenson in early November in […]

MIT Sloan MBA Interview Questions & Report: Round 1 / Adcom / On-campus

An MIT Sloan MBA interview report with questions was submitted to Clear Admit by a Round 1 applicant on-campus: I interviewed in the afternoon on campus. I spent the morning participating in a coffee chat with current students, attending a class, and then having lunch with current students. Overall the visit was well-programmed and really […]

MIT Sloan Interview Questions & Report: Round 2 / Adcom / On Campus

The following MIT Sloan interview questions and report were submitted to Clear Admit by a Round 2 applicant. Good luck to them! I interviewed Round 2 for the Leaders for Global Operations (LGO) program with Lisa Cummings. She was a very nice interviewer who made sure to establish up front that MIT does not like to give stressful interviews. The questions/discussion […]

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

The following MIT Sloan MBA interview questions and report were submitted to Clear Admit by a Round 1 applicant. Good luck to them! The adcom and I interview in the hotel lobby in HK. She knew everything about my history, background, and resume. We started chatting about our mutual background, which was my college neighborhood. Her best friend lives […]

MIT Sloan Interview Questions & Report: Round 1 / Adcom / On-campus

The following MIT Sloan admissions interview questions and report were submitted to Clear Admit by a Round 1 MBA applicant. Good luck to them! My ad-com interviewer was extremely kind, professional, and put me at ease. Interview felt structured but conversational, with a lot of smiling and laughing and positive reinforcement. Sloan was my favorite interview because the questions are […]

MIT Sloan Interview Questions & Report: Round 1 / On Campus

The following MIT Sloan interview questions and report were submitted to Clear Admit by a Round 2 applicant. Good luck to them! 1. Talk more about your job 2. Time when you had to motivate a lagging team 3. What feedback have you received from your manager 4. What do you define as success 5. Post MBA goals? 6. Why Sloan […]

MIT Sloan Interview Questions & Report: Round 1 / Adcom / On Campus

The following MIT Sloan MBA interview questions and report were submitted to Clear Admit by a Round 2 applicant. Good luck to them! The interview happened in one of the admin’s office. After checking yourself in I was told to wait a little bit until the interviewer called me. While waiting, I had a brief conversation with some other interviewees. Then […]

Mit-sloan Q&As

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 […]

Real Humans of MBA Admissions: Dawna Levenson of MIT Sloan School of Management

If you’ve got the MIT Sloan School of Management in your sights for the coming application season, you’re very likely busy putting the finishing touches on your Round 1 application—due Thursday. What better time to get a glimpse into the woman who heads MBA admissions for the school? Dawna Levenson has been in her current […]

Mit-sloan LiveWire and DecisionWire

Academics

Faculty

Over 200 faculty members and lecturers teach at MIT Sloan. In addition to teaching courses across the school’s 13 academic areas, faculty members help staff over 20 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, https://mitsloan.mit.edu/mba/academics/choose-your-own-management-adventure /

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 91% of the Class of 2018 had received job offers by graduation, and over 97% had received an offer three months out, with about 94% of students accepting an offer by this point. The median salary reported for the class was $135,000. 

The industry most pursued by Sloan’s Class of 2018 was consulting, with approximately 32% of Sloan MBA graduates choosing this route. Just under 27% joined the tech industry, which includes Software/Internet, Computers/Electronics, and Telecommunications. Roughly 19% of Sloan graduates took positions in the manufacturing industry, which includes Pharma/Biotech and Consumer Goods. Just over 16% of the Class of 2018 undertook financial services.

In line with the hiring trends of most business schools, Sloan sent the highest percentage of the Class of 2018 to the region in which the school is based, the Northeastern U.S.  Of the approximately 89% of students working in post-MBA roles in North America, almost 43% found work in the Northeast, and 24% 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 30% of 2018 graduates, and in total about 9% of the class pursued positions abroad. 

Financing

Tuition for the 2018-2019 academic year amounts to $74,200. 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 $111,570 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 $74,200
• Total Fees $2,512
• Books & Supplies $2,550
• Computer $2,000
• Food $5,300
• Personal (includes medical insurance) $6,508
• Housing $15,750
• Transportation $2,750
• Total $111,570

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