ABOUT THE MIT SLOAN MBA

The MIT MBA is the world’s most competitive program with an admission rate of ~9%. It is one of the most prestigious degrees in the world. 

Sloan is almost an amalgam of leading MBA programs. Call it a four seasons MBA program: a flexible curriculum reminiscent of Chicago Booth, a data-driven technical mindset akin to Carnegie Mellon Tepper; an experiential learning model that resembles Michigan Ross; and a level of prestige that rivals Harvard. Not surprisingly, this type of institution attracts a rather diverse student body. At the intersection of business and technology, Sloan is exploring the future of work. It is launching companies that kick-start local economies in the developing world. It’s retooling systems to make health care work better and to engage people around the world in addressing climate change.

THE 2 YEAR MBA PROGRAM 

The Sloan MBA is a 2 year MBA program based in  Cambridge, Massachusetts. It ranks 12th globally in the Financial Times Global business school rankings.

By joining Sloan you join a network you can always count on. The school has over 20,000 alumni globally in 90 countries. 

The tuition fee for one year is $80,400. The total first-year budget is $192,000 including boarding expenses etc. 

Generous scholarships are offered to outstanding international candidates on merit basis. 

  • ASEAN Fellowship
  • Borromeo Fellowship
  • Jim and Sara Anderson Fellowship

CLASS PROFILE

The MBA cohort typically represents a wide array of industries and professional backgrounds, providing a truly global learning experience.

The industry experience of students, prior to joining is also diverse, ranging from consulting, banking, and financial services to fashion and performing arts. About 43% are international or non-US students.

The average work experience for the full-time MBA is 5 years which ensures that students contribute richly to classroom learning by bringing forward their varied industry experience Peer-peer learning beyond the classroom is also facilitated through this.

At 44%, Sloan has a decent gender diversity ratio compared to other B-schools throughout the world which is commendable.

The median GMAT score for the incoming class is 730. The infographic below depicts the Sloan MBA class profile with statistics about the gender distribution, age, work experience, and geographical background of the students.

The average GPA is 3.59.

Source: The official school website

COURSE CURRICULUM SUMMARY

The two-year, full-time MBA program provides the intellectual discovery and expert faculty you’d expect from MIT, combined with the flexibility to customize coursework to your goals. After the first-semester core, you can choose your electives—and real-world learning opportunities—to ensure that you’re prepared to analyze and act.

First-semester core: your cohort, your team

During your first semester here, also called the core semester, you’ll be carefully grouped into six cohorts of about 70 students from a rich mix of backgrounds, interests, and experiences. Following MIT Sloan tradition, each cohort is named after a body of water: Atlantic, Baltic, Caribbean, Indian, Mediterranean, and Pacific. Each cohort is then divided into smaller teams. These teams and cohorts move through the core semester together, creating a strong, supportive bond that lasts throughout the MBA experience, and beyond.

Beyond Core: Electives, Tracks, Certificates, and more

After the first-semester core, you have three semesters to create a program that’s right for you. In total, you’ll complete 144 units of electives. You may also take up to three approved, non-MIT Sloan graduate-level MIT or Harvard subjects. Some students opt to write a thesis in their second year. 

Working across campus with students and faculty from other disciplines is one of the most exciting opportunities at MIT Sloan. These cross-campus connections spark new ideas, new products, and new companies.  

MIT Sloan also offers Tracks—which are limited to MBA students—and Certificates—open to all MIT graduate students—so you can focus your studies and dive deep into what interests you. 

Source: The official school website

PLACEMENT STATISTICS

Each year, Sloan achieves high employment rates in excess of 95% of each MBA class. 

The return on investment is huge given a median alumni salary after graduation of USD 150000 with a sizable variable compensation of ~$30,000.

Many students started their own companies this year, while many students joined startups and new ventures.

These are the key placement statistics.

Source: The official career report 2019

Consulting, Technology emerged as the 2 industries in which the majority of the class was placed. 50% of the class was placed in these industries.

Top employers included Mckinsey & Co., Bain & Co., BCG, Amazon, Tesla, Goldman Sachs, and Google.

NOTABLE ALUMNI

Benjamin Netanyahu, Prime Minister of Israel since 2009

John Wendell Thompson, the Chairman of Microsoft 

Carly Fiorina, Former CEO of HP

APPLICATION DETAILS

Admission Requirements

• Bachelor’s degree

GMATExecutive Assessment, or GRE score

Letters of Recommendation

1 letter of recommendation is to be submitted before the application deadlines. 

Application Fee: $250

Application Deadlines

Essay questions

Cover Letter

MIT Sloan seeks students whose personal characteristics demonstrate that they will make the most of the incredible opportunities at MIT, both academic and non-academic. We are on a quest to find those whose presence will enhance the experience of other students. We seek thoughtful leaders with exceptional intellectual abilities and the drive and determination to put their stamp on the world. We welcome people who are independent, authentic, and fearlessly creative — true doers. We want people who can redefine solutions to conventional problems, and strive to preempt unconventional dilemmas with cutting-edge ideas. We demand integrity and respect passion.

Taking the above into consideration, please submit a cover letter seeking a place in the MIT Sloan MBA program. Your letter should conform to a standard business correspondence, include one or more professional examples that illustrate why you meet the desired criteria above, and be addressed to the Admissions Committee (300 words or fewer, excluding address and salutation). 

Video Statement

Introduce yourself to your future classmates. Here’s your chance to put a face with a name, let your personality shine through, be conversational, be yourself. We can’t wait to meet you!

Videos should adhere to the following guidelines:

  • No more than 1 minute (60 seconds) in length
  • Single take (no editing)
  • Speaking directly to the camera
  • Do not include background music or subtitles

Note: While we ask you to introduce yourself to your future classmates in this video, the video will not be shared beyond the admissions committee and is for use in the application process only.

Additional requirements beyond the MIT Sloan Cover Letter and Video

Applicants are invited to expand on their background by responding to the following optional 250-word short answer question:

How has the world you come from shaped who you are today? For example, your family, culture, and community, all help to shape aspects of your identity. Please use this opportunity if you would like to share more about your background.

This question is truly optional; applicants will not be evaluated more positively or negatively should they choose to respond. This is an opportunity for you to share more about yourself with the Admissions Committee, should you choose to do so.

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