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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.


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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 22 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 68 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 or Healthcare 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 in Innovation and Global Leadership 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 the System Design and Management program through which students earn a master’s degree in engineering and management.

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/index.php
mitsloan.mit.edu/fellows

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/program-components/dual-degrees1/dual-degree-programs/


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Clubs, Conferences & Competitions
MBA students seeking extracurricular activities have their pick from more than 60 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.


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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 89% of the Class of 2016 had received job offers by graduation, and over 95% had received an offer three months out, with about 93% of students accepting an offer by this point.  The median salary reported for the class was $125,000.  The industry most pursued by Sloan’s Class of 2016 was consulting, with approximately 31% of Sloan MBA graduates choosing this route.  Roughly 22% of Sloan graduates took positions in the manufacturing industry, while nearly 24% entered the software/internet service industry.  Consulting was also the most popular function among 2016 graduates, constituting over 34% of all positions, followed by finance as well as operations and project management at about 16% and 13%, respectively.  The next most highly selected functions were both marketing and sales and product management/development at over 10% each, with leadership development program/general management following at nearly 9%.

In line with the hiring trends of most business schools, Sloan sent the highest percentage of the Class of 2016 to the region in which the school is based, the Northeastern U.S.  Of the approximately 93% of students working in post-MBA roles in North America, almost 43% 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 33% of 2016 graduates, and in total about 8% of the class pursued positions abroad.


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The Class Profile
The MIT Sloan Class of 2018 numbers 409 students.  The average GMAT score posted was 724, and the middle 80% range of results spanned from 690 to 760.  While prior professional experience for members of the Class of 2018 averaged five years per student, the range spanned from 0 to 15 years of work.  Women constituted 40% of incoming students.  Thirty-nine percent of students in the class are international and 61% of students hold U.S. citizenship.  In total, 61% of the class hailed from North America, with Asia and the Middle East being the second most popular pre-MBA location at 13%.

With respect to students’ undergraduate degrees, 32% of enrolled first-year MIT Sloan students pursued the field of engineering.  Meanwhile, 21% of students arrived in Cambridge with academic backgrounds in business and commerce.  Sixteen percent of first-year students majored in economics.  Eleven percent of students pursued degrees in both science/math and the humanities, and the remaining 9% of students majored in the social sciences. The average GPA of the class was 3.5.

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, early January, and early April.  Prospective students must submit a résumé, 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
  • GMAT/GRE/TOEFL/IELTS Score(s)
  • Transcript
  • Résumé
  • Recommendation Letters
  • Application fee

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Tuition for the 2016-2017 academic year amounts to $68,250. 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 $100,514 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 $ 68,250
  • Books & Supplies $2,200
  • Computer (1st Year Only) $2,000
  • Food $4,894
  • Personal (includes medical insurance) $5,580
  • Housing $14,850
  • Transportation $2,740
  • Total $100,514

  Get all of this info to read on the go! Download the MIT Sloan School Snapshot PDF.

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Status

05/4/2017

The Round 3 final decision notification date for MIT / Sloan is May 17, 2017.

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Stats

CLASS SIZE409
FEMALE40%
MEAN GMAT724
MEAN GPA3.5

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