MIT Sloan School of Management
The Sloan School of Management is the business school of the Massachusetts Institute of Technology, located in Cambridge, Massachusetts. Sloan offers a two-year MBA program and a shorter Executive MBA program; students can also earn an MBA through the MIT Sloan Fellows Program in Innovation and Global Leadership. Entrepreneurship training and technological focus are two hallmarks of the MIT Sloan MBA, and the Entrepreneurship & Innovation Track is a noteworthy component of this specialty.
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 median GMAT score is 720.
What is the average GMAT score for admission to MIT Sloan’s MBA program?
The median GMAT score for the incoming class at MIT Sloan is 720. The GMAT middle 80% range is 680 – 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%) 156 – 168 and Verbal range (middle 80%) 155 – 167.
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.
What is the average starting salary for graduates of the MIT Sloan MBA program?
The average starting salary for MIT Sloan MBA graduates is $144,140. 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 38%.
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 application-based, meaning the interviewer will have read your application, or reviews of your application.
VIDEOS
Renée Richardson Gosline: Technology and the road to self-improvement
Technology opens up a world of knowledge to anyone with an internet connection. Apps help us learn a language. Online courses help us get better at our jobs. How do we decide which brands to choose and how do our choices affect performance? Research from Renée Richardson Gosline, Senior Lecturer in the Management Science group at the MIT Sloan School of Management, provides answers. Read more at Psychology Today: https://www.psychologytoday.com/us/blog/definitive-dialog/201911/technology-and-the-road-self-improvement Renée Richardson Gosline profile: https://mitsloan.mit.edu/faculty/directory/renee-richardson-gosline
ClimaCell: An MIT Sloan startup story
The MIT Sloan School of Management is dedicated to providing students with the tools and network to define their goals and bring them to life. Alumni Rei Goffer (MBA '17) and Itai Zlotnik (MBA '17) have taken what they've learned and created a value and revenue-generating business. With the support of the MIT Sloan network, and the insights they acquired through their time at Sloan, they were able to create ClimaCell, bring innovation to the weather industry, and provide this data to countries that previously had no access to it. Watch Rei and Itai's journey to success. http://mitsloan.mit.edu https://www.climacell.co/
Admissions
The Class Profile
The MIT Sloan Class of 2022 numbers 484 students. The median GMAT score posted was 720, and the middle 80% range of results spanned from 680 to 760. For those who took the GRE, the middle 80% scores landed at 156-168 Quant and 155-167 Verbal. Prior professional experience for members of the Class of 2022 averaged five years per student.
With respect to students’ undergraduate degrees, 33% of enrolled first-year MIT Sloan students pursued the field of engineering. Meanwhile, 19% of students arrived in Cambridge with academic backgrounds in economics. Sixteen percent of first-year students majored in business. Ten percent of students pursued degrees in math and science, and another 8% in social science. Their median GPA was 3.54.
Women constituted 38% of incoming students. A third of students in the class are international and 51 countries are represented.
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 & Report: Round 2 / AdCom / Zoom
Interview Questions (that I can remember) in roughly the order I received them: Any updates to your application? Tell me more about your data visualization and why it’s important to you. Tell me about how your organization has done in the past 12 months. Follow-up: How did you motivate your team (in this situation)? What […]
MIT Sloan Interview Questions & Report: Round 2 / Adcom / Zoom
My interview was with an adcom, and the interview lasted exactly 30-minutes. We spent around five minutes talking about my data visualization. We then moved to four behavioral questions. 1) Why an MBA? Why Sloan? 2) What do you currently do at your company? 3) How has your background helped you solve client problems? 4) […]
MIT Sloan Interview Questions & Report: Round 2 / AdCom / Zoom
My interview was not as behavioral-based as I thought it would be. I was prepared to talk in more depth about conflict/persuasion/leadership type “stories,” but most of the questions focused on how the last year has been, my future goals, and my interest in MIT Sloan. My interviewer was conversational, but I did find that […]
MIT Sloan Interview Questions & Report: Round 2 / Adcom / Zoom
Interview questions: 1. Anything else new that’s happened in your personal or professional life since your application? 2. Why did you leave your previous job? Isn’t that a pretty solid job? 3. What attracted you to where you are now? Was it a good decision? 4. Tell me about time you led a team to […]
MIT Sloan Interview Questions & Report: Round 2 / Adcom / Zoom
The interview – application + two pre-interview essays-based – felt like a genuine free-flowing conversation rather than interviewing with a person who needs to go through a specific set of questions before the interview ends (the feeling one has when interviewing with students and alumni). It lasted for about 40 minutes and was extremely enjoyable. […]
MIT Sloan Interview Questions & Report: Round 1 / Adcom / Zoom
Interview was super fast, 20 minutes Interviewer showed up about 5 minutes after scheduled time (it was the first time slot on a Monday) and seemed to be in a hurry. I never saw anyone introduce themselves so fast. It seemed I had hit the 2x speed button. But I tried to keep calm. First […]
MIT Sloan Interview Questions & Report: Round 1 / Adcom / Zoom
Interview was very light, conversational, lasted around 30 minutes. I had heard that interviews were very serious, however felt lighthearted. The interviewer was genuinely interested in getting to know me past the information on the application. Asked about my hobbies, what I liked to do for fun. Did not ask me any questions about the […]
MIT Sloan Interview Questions & Report: Round 1 / Adcom / Zoom
Interview was done online. Very friendly interview, be prepared to answer mostly behavioral questions. 30 minutes will be over before you know it – practicing your STAR’s (Situation, Task, Action, Result) before the interview is absolutely a must. Overall, be prepared to answer 3-6 behavioral questions around collaboration/teamwork and why MBA, why Sloan and asking […]
MIT Sloan Interview Questions & Report: Round 1 / Adcom + Observer / Zoom
My interviewer and an observer welcomed me with a poker face. Kinda felt awkward. After a brief presentation of herself, my interviewer started right away: 1. Is there any update since you applied? 2. Did you have any failure? 3. What are the differences between the company A and the company B you worked for? […]
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 Q&As
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
Just shy of 96% of MIT Sloan’s MBA Class of 2020 had received job offers three months after graduation. The median salary reported for the class was $150,000 and the average base salary landed at $144,140.
The industry most pursued by Sloan’s Class of 2020 was consulting, with approximately 31% of Sloan MBA graduates choosing this route. Just under 28% joined the tech industry, which includes Software/Internet, Computers/Electronics, and Telecommunications. Roughly 18% of Sloan graduates took positions in the manufacturing industry, which includes Pharma/Biotech and Consumer Goods. Nearly 19% of the Class of 2020 joined the financial services field.
In line with the hiring trends of most business schools, Sloan sent the highest percentage of the Class of 2020 to the region in which the school is based, the Northeastern U.S. Of the approximately 91% of students working in post-MBA roles in North America, 44% found work in the Northeast, and 23% 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 2020 graduates, and nearly 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
Recent MIT Sloan News
The Week Ahead: MBA Deadlines & Interview Invitations, April 12-16, 2021
Welcome back to the series, The Week Ahead, in which we provide a brief rundown of what is happening in MBA admissions this week! Round 3 & 4 Deadlines Continue Many of the leading MBA programs ha
MBA Student Interview by Juno: Varun From MIT Sloan
The MBA Series is brought to you by Juno, a collective bargaining group for student loans. In this series, we’ll interview MBA students about their paths and decision-making process. The following
U.S. News 2022 Business School Rankings: The More Things Change, the More They Stay the Same
U.S. News & World Report has released its 2022 Best Business Schools Rankings. Despite a rather tumultuous year in world events, this year’s results in the MBA rankings realm remain largely un
The Week Ahead: MBA Decisions & Deadlines, March 29 – April 2, 2021
Welcome back to the series, The Week Ahead, in which we provide a brief rundown of what is happening in MBA admissions this week! Round 2 final decisions are underway, Round 3 deadlines, too. Many of
MBA Student Interview by Juno: Sebastian Carreno from MIT Sloan
The MBA Series is brought to you by Juno, a collective bargaining group for student loans. In this series, we’ll interview MBA students about their paths and decision-making process. The following i
MIT Sloan Interview Questions & Report: Round 2 / AdCom / Zoom
Interview Questions (that I can remember) in roughly the order I received them: Any updates to your application? Tell me more about your data visualization and why it’s important to you. Tell me
MIT Sloan Interview Questions & Report: Round 2 / Adcom / Zoom
My interview was with an adcom, and the interview lasted exactly 30-minutes. We spent around five minutes talking about my data visualization. We then moved to four behavioral questions. 1) Why an MBA
MIT Sloan Interview Questions & Report: Round 2 / AdCom / Zoom
My interview was not as behavioral-based as I thought it would be. I was prepared to talk in more depth about conflict/persuasion/leadership type “stories,” but most of the questions focus
MIT Sloan Interview Questions & Report: Round 2 / Adcom / Zoom
Interview questions: 1. Anything else new that’s happened in your personal or professional life since your application? 2. Why did you leave your previous job? Isn’t that a pretty solid jo
MIT Sloan Interview Questions & Report: Round 2 / Adcom / Zoom
The interview – application + two pre-interview essays-based – felt like a genuine free-flowing conversation rather than interviewing with a person who needs to go through a specific set o