MIT Sloan School of Management MBA

The Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts. Established in 1861, it has a campus that is spread over 166 acres. MIT has five schools that house Architecture and, Planning, Engineering, Management, Humanities, Arts and Social Sciences, and Science, and one college Schwarzman College of Computing.

The MBA is a two-year program at Massachusetts Institute of Technology’s (MIT) Sloan School of Management.

This program ranks #3 in the USA according to QS University Rankings 2020. With an employability rate of 96.6%, the MBA is accredited by the Advance Collegiate Schools of Business (AACSB). 

With Career Core, students of MBA evaluate personal strengths, activities, and standards so that they can effectively promote themselves, and acquire knowledge about the existing job market and opportunities available to them.

*Need assistance to study in USA? Y-Axis is here to assist you in all the ways.

It offers one-on-one career coaching. The graduating students will become a part of over 136,000 MIT alumni, who belong to 90 countries. The student-to-faculty ratio is 8.6:1 and the female-to-male ratio is 39:61. Its students can also opt for a dual degree with an MBA and one of the seven engineering programs.

The jobs after they graduate are marketing manager, medical and health services manager, financial manager, and business operations manager, among others. The average yearly salary that the students get after graduation is $140,000.

*Confused to choose which course to pursue? Avail Y-Axis course recommendation services to choose the best.

Important Dates

Event	End Date
Application Deadline For 2023 Intake Round-1	Sep 29, 2022
Application Deadline For 2023 Intake Round-2	Jan 18, 2023
Application Deadline For 2023 Intake Round-3	Apr 11, 2023
Decision Notification Round-1	Dec 14, 2022
Decision Notification Deadline Round-2	Apr 3, 2023
Decision Notification Round-3	May 18, 2023

Fees & Funding

Tuition & Application Fees

Year	Year 1	Year 2
Tuition Fees	$80,583	$80,583
Other Fees	$2,205	$2,205
Total Fees	$82,787	$82,787

Eligibility Criteria

• The students need to have a bachelor’s degree (3 or 4 years) in any relevant field.
• The minimum GPA a student should get in this program is 3.9.
• Students are allowed to apply with any bachelor’s degree but most of the students belong to fields such as computer science, economics, engineering (various), management, finance, mathematics, statistics, operations research, etc.

Work Experience:

• Work experience is not needed but most students have a work experience of at least 15 months.

Language Requirements:

• The students who are not native English speakers English must qualify for IELTS or TOEFL exams to be eligible to apply.
• The minimum TOEFL marks one should get in this program are 90 out of 120.
• For IELTS, the university will decide what is permissive.

*Get expert coaching services from Y-Axis professionals to ace your scores.

Exemption of Language Requirement:

Students who have had English as their medium of instruction in their primary and secondary schools and also those who have resided in the United States for a minimum of four years and are degree holders from a recognized American university.

Exam Requirements:

• The students need to compulsorily submit the scores of either the GMAT or GRE.
• The university recommends that applicants interview with a member of the MIT Educational Council if available. Council members are graduates of MIT who have offered to interview on behalf of the Office of Admissions.  

 Required Scores

Standardized tests	Average scores
TOEFL (iBT)	90
GMAT	720
GRE	311

List of Required Documents

• Online application – using which the student applies for the program.
• Cover Letter
• Résumé
• Video statement – One minute of a video clip where the student introduces himself/herself.
• Letters of recommendation (LORs)
• Academic Transcripts
• Test Scores in GMAT or GRE 
• For international students, IELTS or TOEFL Scores

Ranking

Ranked #5 in business out of 1200 in Times Higher Education (THE) Global Ranking.

Ranked #11 in business in Financial Times 

Work & Study Visas

The students can opt for either F1 Visa or J1 Visa.

Applicants holding other non-immigrant visas will not be able to enroll in a study program at MIT.

F1 Visa:

• This option is usually applied by those registering as full-time students at an accredited university.
• One can get it by presenting Form I-20 to a US consulate/embassy and on submission of an F-1 visa application.
• F-1 students need to attend the school they got the Form I-20 from and complete a full course of study while in the US.
• Form I-20 is issued to students who are funded by their families or other private sponsors for their studies.
• After they arrive in the US, students will be approved to reside in this country for the required duration to complete their study programs.

J1 Visa:

• Known also as J1 Exchange Visitor Visa.
• This visa is allowed to be used by those who enter the US to conduct research as members of an Exchange Visitor program. Students need to get considerable (A minimum of 51 percent) funding from their home government, universities, foreign or countrywide organizations, private companies, etc., to qualify for a J-1 visa.
• As students who want to study on personal or family funds are ineligible for J-1 status, they need to apply for F-1 visas.
• The J-1 visa is granted to those who present form DS-2019 (Certificate of Eligibility) to the American consul. 
• If students get funding from the Fulbright or any other US government agency or their home governments, it comes with a “two-year home country residency requirement,” asking students to leave for their home countries for two years before they want to apply for permanent residency or shift to an H or L visa. Moreover, this limit applies to students belonging to certain countries that have registered with the US government a list of skills in need.
• Students who want to use the J-1 visa to enter the United States should clarify with the Consul of the US in their native country if they require adhering to the two-year home residency.
• Students who are holders of J-1 visas can remain in the US for the duration specified on their DS-2019. Their stay can be extended, in case they are pursuing a full-time study course on official academic study.

Work Study

Any student is allowed to apply for an on-campus job. The minimum wage of students is $12.75 per hour and most students earn more than $1,500 a semester.

International students are not allowed to work more than 20 hours a week due to student visa rules.

According to federal regulations, students taking part in a federal work-study program are not allowed to miss classes to carry out their federal work-study functions.

Some of the job types available to MBA graduates are occupations in research, part-time or seasonal jobs, public service duties, research and teaching assistantships, and community service work-study activity.

Placements for MIT Graduates 

Students can get the following jobs after graduation:

• Medical and health services manager
• Marketing manager.
• Database administrator 
• Financial manager.
• Business operations manager.

The average salary that students get after graduation is $135,000.

Financial Aids and Scholarship Grants

Name	Amount
Collegedunia $150 Scholarship Program	$151
Go Clean Scholarship	$3,504
Ellis R. Ott Scholarship for Applied Statistics and Quality Management	Variable
AAUW International Fellowships	Variable

 

Other Services

STATEMENT OF PURPOSE	LETTERS OF RECOMMENDATION	OVERSEAS EDUCATION LOAN
COUNTRY SPECIFIC ADMISSION	COURSE RECOMMENDATION	DOCUMENT PROCUREMENT