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 $78,954 per year. The total cost of the MIT Sloan MBA program is $117,999 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 730.

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 730. The GMAT middle 80% range is 690 – 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%) 157 – 168.

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 $148,075. 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 September 29, 2022. The Round 2 application deadline is January 18, 2023. The Round 3 deadline is April 11, 2023.

What percent of MIT Sloan MBA students are women?

The percentage of the class at MIT Sloan that are women is 44%.

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

Admissions

The Class Profile

The MIT Sloan Class of 2023 numbers 450 students. The median GMAT score posted was 730, and the middle 80% range of results spanned from 690 to 760. For those who took the GRE, the middle 80% scores landed at 158-169 Quant and 157-168 Verbal. Prior professional experience for members of the Class of 2023 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. Eighteen percent of first-year students majored in business. Nine percent of students pursued degrees in math and science, and another 6% in social science. Their median GPA was 3.59.

Women constituted 44% of incoming students. Forty-three percent of students in the class are international and 64 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 end of September, mid-January, and mid-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 MBA Interview Questions & Report: Round 2 / AdCom / Zoom

The interviewer let me in about 2 mins after the meeting was supposed to start. We had a brief “break the ice” conversation to start, which was unlike other AdCom interviews I had, in which the AdCom dived right in. The interviewer explained the interview was behavioral and she was interested in “I” statements and […]

MIT Sloan MBA Interview Questions & Report: Round 2 / Adcom / Zoom

The interview wasn’t cold at all. It was quite conversational and the adcom asked plenty of follow-ups to my answers (no unexpected questions however). Questions were in line with what previous reports mention. I was surprised by how fast the interview went by and how friendly the adcom was. They were genuinely curious about my […]

MIT Sloan MBA Interview Questions & Report: Round 2 / Adcom / Zoom

The interview started exactly at the time I had it scheduled and ended a few minutes after the half-hour mark. Overall, the adcom member seemed engaged and interested in learning more about my background after having read through my entire application. The following questions were asked: 1) Have there been any changes or updates in […]

MIT Sloan MBA Interview Questions & Report: Round 1 / Adcom / Zoom

My interviewer was pleasant throughout our discussion and the tone of the interview was very conversational. The Zoom room was opened at precisely the scheduled time, and we concluded the call at exactly the 30-minute mark. The questions that I was asked in the interview include: • Do you have any updates to your candidacy […]

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 Q&As

Admissions Director Q&A: Dawna Levenson of MIT Sloan

In the latest interview for our Admissions Director Q&A series, the Assistant Dean of Admissions at the MIT Sloan School of Management, Dawna Levenson, returns to delve into all things MIT. As the leader of the admissions team, Dawna oversees all recruiting, evaluation, conversion and marketing activities in support of the MBA, Sloan Fellows MBA, Master […]

Admissions Director Q&A: Dawna Levenson of MIT Sloan

In the latest edition of our Admissions Director Q&A series, the Assistant Dean of Admissions at the MIT Sloan School of Management, Dawna Levenson, joins us to discuss all things MIT. As the leader of the admissions team, Dawna holds responsibility for all recruiting, evaluation, conversion and marketing activities in support of the MBA, Sloan […]

Admissions Director Q&A: Dawna Levenson of the MIT Sloan School of Management

We are moving right along in our Admissions Director Q&A series with a trip to Cambridge, Massachusetts. Dawna Levenson is an Assistant Dean of Admissions at the MIT Sloan School of Management there. As the co-lead of the team, she shares responsibility for all recruiting, evaluation, conversion and marketing activities in support of the MBA, […]

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 15 research centers and projects. These include the MIT Leadership Center, the Sustainability Initiative, and the Golub Center for Finance and Policy, 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, which includes activities such as the MIT Sloan 4-Capabilites Leadership Framework, the x360 Leadership Development survey and coaching program, and an outdoor team event. 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 80 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 2021 had received job offers within three months of graduation. The median salary reported for the class was $150,000 and the average base salary landed at $148,075.

The industry most pursued by Sloan’s Class of 2021 was consulting, with approximately 28% of Sloan MBA graduates choosing this route. A quarter joined the tech industry, which includes Software/Internet, Computers/Electronics, and Telecommunications. Roughly 21% of Sloan graduates took positions in the financial services field. Nearly 10% pursued pharma/biotech and four percent went into consumer products.

In line with the hiring trends of most business schools, Sloan sent the highest percentage of the Class of 2021 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, 40% found work in the Northeast, and 21% 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 28% of 2021 graduates, and nearly 10% of the class pursued positions abroad.

Financing

Tuition for the 2021-2022 academic year amounts to $78,954. 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 $117,998 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 $78,954
• Total Fees $2,568
• Books & Supplies $930
• Computer $2,000
• Food $6,225
• Personal (includes medical insurance) $9,321
• Housing $15,750
• Transportation $2,250
• Total $117,999

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