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The Sloan School of Management at Massachusetts Institute of Technology

Business School Admissions

Application (Fall 2013)

Application deadline (U.S. residents) N/A
Application deadline (international students) N/A
Application fee $250

Admissions & Enrollment (Full-time)

Acceptance rate 13.3% - Low
Average age of new entrants 28
Average undergraduate GPA 3.51 - High
Undergraduate GPA range (10th-90th percentile) 3.1-3.86
Entrants providing undergraduate GPA 258
Average GMAT score 710 - High
GMAT range (10th-90th percentile) 660-750
Students with prior work experience 387
Average work experience (months) 58

Admissions & Enrollment (Part-time)

Applicants (part-time) N/A
Acceptance rate N/A
Average age of new entrants N/A
Average undergraduate GPA N/A
Undergraduate GPA range (10th-90th percentile) N/A
Entrants providing undergraduate GPA N/A
Average GMAT score N/A
GMAT range (10th-90th percentile) N/A
Students with prior work experience N/A
Average work experience (months) N/A

Undergraduate Majors

TOEFL required for international students No
Minimum TOEFL score required N/A

Factors and Procedures Used in Admissions

(Data appear as originally submitted by this school)
Full-time program
We look for students whose personal characteristics suggest that they will make the most of the opportunities at MIT, both in academic & non-academic areas. We also seek those whose presence will enhance the experience of other students. We value characteristics such as motivation, involvement, interpersonal skills, communication skills, leadership, analytical skills, & tolerance of uncertainty.
Executive program N/A
Part-time program N/A
Part-time distance learning program N/A

Admissions Contacts

Director of admissions Rod Garcia
Full-time program phone (617) 258-5434
Full-time program E-mail mbaadmissions@mit.edu
Full-time program website http:/​/​mitsloan.​mit.​edu/​mba
Executive program phone (617) 253-7166
Executive program E-mail fellows@sloan.mit.edu
Executive program website http:/​/​mitsloan.​mit.​edu/​fellows/​
Part-time program phone N/A
Part-time program E-mail N/A
Part-time program website N/A
Part-time distance learning program phone N/A
Part-time distance learning program E-mail N/A
Part-time distance learning program website N/A
 

Business School Academics

Program Offerings

(16) Departments/concentrations
accounting manufacturing and technology management
economics marketing
entrepreneurship management information systems
finance production/operations management
health care administration organizational behavior
human resources management supply chain management/logistics
international business quantitative analysis/statistics and operations research
leadership technology
Departments with highest M.B.A. demand entrepreneurship, finance, manufacturing and technology management, marketing, production/operations management
Types of M.B.A. programs offered full-time traditional two year, other executive MBA
Joint programs available engineering

Curricula Descriptions

(Data appear as originally submitted by this school)
Full-time program
We start with a distinctive model of management education. Through rigorous coursework with world-class faculty, provocative experiential learning, exposure to real-time faculty research, and hands-on teamwork and leadership experiences, students leave MIT Sloan ready to lead, eager to forge innovative answers to important problems in the real world.
Executive program
The Sloan Fellows Program in Innovation and Global Leadership prepares outstanding executives with the critical skills to create and lead successful, innovative organizations in the 21st century. The EMBA is a rigorous 20-month, executive schedule MBA for high-potential executives committed to integrating their work and education. See http://mitsloan.mit.edu/executivemba/ for more information.
Part-time program N/A
Part-time distance learning program N/A

 

Business School Ranking

#4 Best Business Schools

(9) Ranking by Specialties

#14 in Accounting
#4 in Entrepreneurship
#5 in Finance
#1 in Information Systems
#20 in International
#12 in Management
#18 in Marketing
#1 in Production / Operations
#1 in Supply Chain / Logistics

Business Ranking Scores

These data apply only to full-time students.

Score 93
Peer assessment score (out of 5) 4.7
Recruiter assessment score (out of 5) 4.4
Acceptance rate 13.3% - Low
Average starting salary and bonus $132,618 - High
Average undergraduate GPA 3.51 - High
Average GMAT score 710 - High
Full-time graduates employed at graduation 80.8% - High
Full-time graduates employed three months after graduation 93.5% - High
Enrollment (full-time) 804

 

Business School Student Body

Student Body (Overall)

Enrollment 804

Student Body (Full-time)

Enrollment (full-time) 804
Minority students 30.0%
International students 36.7%

Student Body (Part-time)

Enrollment (part-time) N/A
Minority students N/A
International students N/A
Gender distribution (part-time) N/A
 

Business School Cost

Financial Aid Contact Information

Financial aid director Leslie Bridson
Financial aid phone (617) 253-4971

Expenses

Tuition
Full-time: $52,628 per year
Required fees $272 per year
Room and board, books, and miscellaneous expenses $29,732
Average indebtedness of 2011 graduating class $86,688

Financial Aid Availability

College-funded aid (fellowships, assistantships, grants, or scholarships) available Yes
Fellowships 260
Teaching assistantships 204
Research assistantships 23
International students eligible for college-funded aid Yes
High
Career and Salary Statistics

Business School Career and Salary Statistics

Massachusetts Institute of Technology has submitted its most recent career data in accordance with the MBA Career Services Council Standards for Reporting MBA Employment Statistics and has granted permission to the Graduate Management Admission Council to send an independent third party to review for accuracy and compliance.

Class of 2011

Full-time graduates 390
Full-time graduates known to be seeking employment 291
Full-time graduates employed at graduation 80.8% - High
Full-time graduates employed three months after graduation 93.5% - High

Base Salary: Overall

Total reporting base salary 233
Low base salary $26,250
Average base salary $115,335
High base salary $215,000

Base Salary: U.S. Citizens

Low base salary: U.S. citizens N/A
Average base salary: U.S. citizens N/A
High base salary: U.S citizen N/A

Base Salary: Foreign Nationals

Low base salary: Foreign nationals N/A
Average base salary: Foreign nationals N/A
High base salary: Foreign nationals N/A

Signing Bonus: Overall

Total reporting signing bonus 173
Low signing bonus $4,000
Average signing bonus $23,277
High signing bonus $60,000

Signing Bonus: U.S. Citizens

Low signing bonus: U.S. citizens N/A
Average signing bonus: U.S. citizens N/A
High signing bonus: U.S. citizens N/A

Signing Bonus: Foreign Nationals

Low signing bonus: Foreign nationals N/A
Average signing bonus: Foreign nationals N/A
High signing bonus: Foreign nationals N/A

Other Compensation: Overall

Total reporting other compensation 77
Low other compensation $2,500
Average other compensation $26,650
High other compensation $250,000

Other Compensation: U.S. Citizens

Low other compensation: U.S. citizens N/A
Average other compensation: U.S. citizens N/A
High other compensation: U.S. citizens N/A

Other Compensation: Foreign Nationals

Low other compensation: Foreign nationals N/A
Average other compensation: Foreign nationals N/A
High other compensation: Foreign nationals N/A

Base Salary by Occupation

Numbers for employment by occupation are based on those graduates who reported base salary information by three months after graduation.
Number reporting marketing/sales jobs 49
Marketing/sales low salary $75,000
Marketing/sales average salary $107,456
Marketing/sales high salary $145,000
Number reporting operations/production jobs 24
Operations/production low salary $104,000
Operations/production average salary $118,770
Operations/production high salary $150,000
Number reporting general management jobs 21
General management low salary $65,000
General management average salary $117,225
General management high salary $215,000
Number reporting finance/accounting jobs 50
Finance/accounting low salary $26,250
Finance/accounting average salary $103,847
Finance/accounting high salary $150,000
Number reporting management information systems (MIS) jobs N/A
Management information systems (MIS) low salary N/A
Management information systems (MIS) average salary N/A
Management information systems (MIS) high salary N/A
Number reporting consulting jobs 106
Consulting low salary $80,000
Consulting average salary $123,876
Consulting high salary $157,000
Number reporting human resources jobs 2
Human resources low salary N/A
Human resources average salary N/A
Human resources high salary N/A
Number reporting having jobs in other areas 20
Other occupations low salary $81,204
Other occupations average salary $111,179
Other occupations high salary $135,000

Base Salary by Industry

Numbers for employment by industry are based on those graduates who reported base salary information by three months after graduation.
Number reporting government jobs 1
Number reporting manufacturing jobs 20
Manufacturing low salary $90,000
Manufacturing average salary $115,021
Manufacturing high salary $160,000
Number reporting non-profit jobs 6
Non-profit low salary $65,000
Non-profit average salary $109,710
Non-profit high salary $150,000

Base Salary by Geographic Region

Numbers for employment by location are based on those graduates who reported base salary information by three months after graduation.
Number reporting jobs in the Northeast (CT, MA, ME, NH, NJ, NY, RI, VT) 124
Northeast low salary $65,000
Northeast average salary $114,668
Northeast high salary $150,000
Number reporting jobs in the Middle Atlantic (DC, DE, MD, PA, VA, WV) 11
Middle Atlantic low salary $81,204
Middle Atlantic average salary $112,920
Middle Atlantic high salary $135,000
Number reporting jobs in the South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) 13
South low salary $100,000
South average salary $120,727
South high salary $160,000
Number reporting jobs in the Midwest (IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, WI) 16
Midwest low salary $103,000
Midwest average salary $119,313
Midwest high salary $135,000
Number reporting jobs in the Southwest (AZ, CO, NM, OK, TX) 15
Southwest low salary $95,000
Southwest average salary $120,933
Southwest high salary $135,000
Number reporting jobs in the West (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) 40
West low salary $93,000
West average salary $113,894
West high salary $150,000
Number reporting jobs located internationally 51
International low salary $26,250
International average salary $113,921
International high salary $215,000
 


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