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    Massachusetts Institute Of Technology - [MIT], Massachusetts, Cambridge - Programs And Fees

    Cambridge, MassachusettsLocation
    UniversitySchool type
    Estd 1861established year
    11466enrollment
    9.0/10

    Master of Business Administration [M.B.A]

    2 years
    full time
    English
    on-campus

    Field of Study 

    Offered by   MIT Sloan School of Management

    $136,107 

    1st Year
    Fees

    International Student Tution


    Eligibility & Entry Requirement

    Academic Eligibility:

    • The students must have a bachelor’s degree(3 or 4 years) in any of the respective fields to apply for this program.
    • The average GPA of the students in this program is 3.9.
    • Students can apply with any bachelor’s degree but the majority of the students come from these fields like Computer Science, Economics, Engineering (variety), Finance, Management, Math, Operations Research, Statistics…, etc.

    Work Experience:

    • Work experience is not required but many of the students have an average experience of 15 months.

    Language Requirments:

    • The students whose official language is not English are required to write IELTS or TOEFL exams before applying.
    • The TOEFL cut-off for this program is 90 out of 120.
    • The IELTS cut-off will be decided by the university department.

    Language Requirement Exemption:

    • Students who have received instruction in English in their primary and secondary schools and students who have been in the United States for four years or longer and have received a degree from an American institution.

    Exam Requirments:

    • The students must compulsorily have to submit the scores of any one of the exams like GMAT or GRE.
    • MIT recommends that applicants interview with a member of the MIT Educational Council if available. Council members are MIT graduates who have volunteered to interview on behalf of the Office of Admissions. 


    Program Description

    • The Master of Business administration(MBA) is a 2-year program at Sloan School of Management, Massachusetts Institute of Technology(MIT).
    • This program ranks 3rd in the USA according to QS University Rankings 2020 with an employability rate of 96.6.
    • This program is accredited by AACSB which shows that the program has everything that students expect. 
    • Through Career Core, MBA students analyze personal strengths, interests, and values in order to effectively market themselves, and learn about the current job market and opportunities specifically for MBAs.
    • One-on-one career coaching. Faculty members who are also practitioners in their industry. Club events. Company presentations.  These are just some of the ways MIT Sloan works with the student at every stage of their journey, no matter where they want to go.
    • When the student graduates, they’ll join an exceptional network of more than 136,000 MIT alumni, representing 90 countries around the world. More than 4,000 MIT and MIT Sloan alumni volunteers are ready to share their insights and experience
    • Some of the companies that recruit this program graduates are the Boston Consulting Group, Bain & Company, Google, McKinsey & Company, Amazon, Amgen, JP Morgan Chase & Co,.. etc.
    • The student to faculty ratio is 8.6:1 which increases the intractability between students and faculty.
    • The Female to male ratio in this program is 39:61.
    • The students also have an option to do a dual degree with an MBA and any one of the 7 engineering programs.
    • The jobs after graduation are:
      • Marketing manager.
      • Medical and health services manager.
      • Financial manager.
      • Database administrator.
      • Business operations manager.., etc.
    • The average salary of the student after graduation is 140,000 USD.

    Program Highlights

    Degree Type OfferedMaster
    Duration2 years
    Fees302270 for 2 years
    Delivery Typefull time
    Admission IntakeRound 1 (Deadline - Oct 1)
    Admission IntakeRound 2 (Deadline - Jan 19)
    Admission IntakeRound 3 (Deadline - Apr 12)
    Language ProficiencyTOEFL
    ExamsGRE,GMAT
    Offered ByMIT Sloan School of Management
    Program URLhttps://mitsloan.mit.edu/mba
    Average Salary$135000

    Required Document List

    The Documents required are:

    • Online application – Through which the student applied for the program.
    • Cover Letter
    • Resume
    • Video statement – 1 min of a video showing the introduction of the student.
    • Letter of recommendation
    • Additional references
    • Organizational structure
    • Transcripts
    • GMAT or GRE Test Scores
    • IELTS or TOEFL Scores (International Students)

    Application Deadline

    Event End Date
    Round 1 Oct 1, 2021
    Round 2 Jan 19, 2022
    Round 3 Apr 12, 2022

    Scores Required

    311 / 340

    Avg. Score in

    GRE

    720 / 800

    Avg. Score in

    GMAT

    90 / 120

    Avg. Score in

    TOEFL


    Fees & Funding

    Tution & Application Fees

    YearYear 1Year 2
    Tuition Fees$136107$136107
    Health Insurance$9260$9260
    Book and Supplies$3400$3400
    Other Fees$2368$2368
    Total Fees$151135$151135

    Living Costs

    HeadAvg Cost Per Year
    Housing$27600
    Transportation$3933
    Food$7947

    Scholarship Grants & Financial Aids

    Name AmountInternational Students EligibleApplication Deadline
    Innovation in Education Scholarship - La Tutors 123$500YesFeb 20, 2020
    (ISC)² Women’s Cybersecurity ScholarshipsVariableYesFeb 19, 2021
    Comindware Scholarship$4000YesN/A
    Collegedunia $150 Scholarship Program$150YesN/A

    VISA & Work Study

    VISA

    The students can opt for any one of the two visas namely F1 Visa, J1 Visa.

    Individuals on any other non-immigrant visa will be unable to register in a program of studies at MIT.

    F1 Visa:

    • This option is normally used by those who enroll as full-time students at an approved educational institution.
    • It is obtained by presenting Form I-20 to a US consulate or embassy and submitting an application for an F-1 visa.
    • F-1 students are expected to attend the school that issued the Form I-20 and to maintain a full course of study while in the United States.
    • Students whose studies are funded by their families or other private sponsors are normally issued the Form I-20.
    • Upon arrival in the United States, students will be granted permission to remain in this country for the period of time required to complete their programs of study.

    J1 Visa:

    • This is also known as J1 Exchange Visitor Visa.
    • This visa may be used by those who come to study or conduct research as participants in an Exchange Visitor program. Students must be substantially (more than 51 percent) funded by their home government, educational institutions, international or national organizations, private companies, etc., in order to be eligible for a J-1 visa.
    • Students on personal/family funds are not eligible for J-1 status; they must apply for F-1 status.
    • The J-1 visa is obtained by presenting it to the American Consul form DS-2019 (Certificate of Eligibility).
    • When students accept funding from the Fulbright or any other agency of the US government or their own governments (even though it may be only a travel grant), this status carries with it a “two-year home country residency requirement,” which obliges students to return to their home countries for two years before they can apply for permanent residency or change to an H or L visa. In addition, this restriction applies to students from certain countries that have registered a list of needed skills with the United States government.
    • Students intending to use the J-1 visa to enter the United States should ask the US Consul in their home country whether or not they will be subject to the two-year home residency requirement.
    • J-1 students will be allowed to remain in the country for the period of time indicated on their DS-2019. This time may be extended, so long as they are pursuing a full course of study on authorized academic training.

    Work Study

    Any student can get an on-campus job. Student minimum wage is $12.75 an hour with most students making about $1,700 a semester.

    International students are limited to working 20 hours per week due to student visa guidelines.

    Per federal regulations, students participating in a federal work-study program are not permitted to miss class time in order to perform their federal work-study duties.

    Some of the available job types are :

    • Research Jobs
    • Part-time or Seasonal Jobs
    • Public Service Jobs
    • Research and Teaching Assistantship
    • Community service work-study program.

    Career and Placement after Course

    The jobs after graduation are:

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

    The average salary of the student after graduation is 1,35,000 USD.



    Programs Comparison

    ranking# 4 for Business by Academy Ranking of World Universities 2020
    # 1 for Business by US News 2019
    # 6 for Business by Times Higher Education 2019
    # 101 for Business by Academy Ranking of World Universities 2020
    # 2 for Business by US News 2019
    # 4 for Business by Times Higher Education 2019
    # 21 for Business by Academy Ranking of World Universities 2020
    # 3 for Business by Times Higher Education 2019
    # 3 for Business by US News 2019
    # 1 for Business by Academy Ranking of World Universities 2020
    # 7 for Business by US News 2019
    # 12 for Business by Times Higher Education 2019
    # 12 for Business by Academy Ranking of World Universities 2020
    # 8 for Business by US News 2019
    # 16 for Business by Times Higher Education 2019
    # 41 for Business by Academy Ranking of World Universities 2020
    # 5 for Business by US News 2019
    # 10 for Business by Times Higher Education 2019
    # 9 for Business by Academy Ranking of World Universities 2020
    # 13 for Business by US News 2019
    # 25 for Business by Times Higher Education 2019
    # 76 for Business by Academy Ranking of World Universities 2020
    # 8 for Business by Times Higher Education 2019
    # 12 for Business by US News 2019
    -# 101 for Business by Academy Ranking of World Universities 2020
    # 24 for Business by Times Higher Education 2019
    # 95 for Business by US News 2019
    # 101 for Business by Academy Ranking of World Universities 2020
    # 34 for Business by Times Higher Education 2019
    # 91 for Business by US News 2019
    application#10351 Applicants
    # 941 Admissions
    # 11 % Acceptance Rate
    #4208 Applicants
    # 484 Admissions
    # 11 % Acceptance Rate
    #7324 Applicants
    # 436 Admissions
    # 5 % Acceptance Rate
    #7158 Applicants
    # 916 Admissions
    # 12 % Acceptance Rate
    #6971 Applicants
    # 1130 Admissions
    # 16 % Acceptance Rate
    #4909 Applicants
    # 621 Admissions
    # 12 % Acceptance Rate
    #2795 Applicants
    # 559 Admissions
    # 20 % Acceptance Rate
    #2156 Applicants
    # 345 Admissions
    # 16 % Acceptance Rate
    #3600 Applicants
    # 1080 Admissions
    # 30 % Acceptance Rate
    #1269 Applicants
    # 200 Admissions
    # 15 % Acceptance Rate
    #444 Applicants
    # 85 Admissions
    # 19 % Acceptance Rate
    exam scoresIELTS - 7.5/9
    TOEFL - 109/120
    GRE - 326/340
    GMAT - 730/800
    GRE - 311/340
    GMAT - 720/800
    TOEFL - 90/120
    PTE - 68/90
    TOEFL - 113/120
    IELTS - 7/9
    GMAT - 730/800
    GMAT - 730/800
    TOEFL - 100/120
    IELTS - 6.5/9
    GRE - 324/340
    TOEFL - 100/120
    IELTS - 7.5/9
    GMAT - 720/800
    GRE - 310/340
    TOEFL - 100/120
    IELTS - 7/9
    GMAT - 570/800
    IELTS - 7/9
    TOEFL - 100/120
    GMAT - 640/800
    GRE - 301/340
    IELTS - 7/9
    TOEFL - 100/120
    PTE - 70/90
    GRE - 322/340
    GMAT - 690/800
    GMAT - 680/800
    TOEFL - 105/120
    IELTS - 7.5/9
    GMAT - 680/800
    TOEFL - 102/120
    IELTS - 7.5/9
    GMAT - 680/800
    GRE - 318/340
    IELTS - 7/9
    TOEFL - 95/120
    Admission Criteria/Better to Have

    GPA of 3.70 average and preferably 730 GMAT Score. Average Work Experience required around 4.7 years


    GPA of 3.54 average and preferably 720 GMAT Score. Average Work Experience required around 5 years.


    GPA of 3.8 average and preferably 733 GMAT Score.Average Work Experience required around 4.7 years.


    GPA of 3.6 average and preferably 722 GMAT Score. Average Work Experience required around 5 years.


    GPA of 3.6 average and preferably 726 GMAT Score. Average Work Experience required around 5 years.


    GPA of 3.6 average and preferably 724 GMAT Score. Average Work Experience required around 5 years.


    -

    GPA of 3.66 average and preferably 720 GMAT Score. Average Work Experience required around 5 years.


    GPA of 3.5 average and preferably 710 GMAT Score. Average Work Experience required around 5.6 years.


    GPA of 3.32 average and preferably 680 GMAT Score. Average Work Experience required around 5.4 years.


    GPA of 3.3 average and preferably 681 GMAT Score. Average Work Experience required around 5 years.


    cost to studyTotal Cost (Tuition + Living) - ARS 73440Total Cost (Tuition + Living) - ARS 136107Total Cost (Tuition + Living) - ARS 74706Total Cost (Tuition + Living) - ARS 81378Total Cost (Tuition + Living) - ARS 77376Total Cost (Tuition + Living) - ARS 72000Total Cost (Tuition + Living) - ARS 103316Total Cost (Tuition + Living) - ARS 74500Total Cost (Tuition + Living) - ARS 65860Total Cost (Tuition + Living) - ARS 70000Total Cost (Tuition + Living) - ARS 40752
    Return on Investment/Average Package#Average Salary $ 115000#Average Salary $ 135000#Average Salary $ 222625#Average Salary $ 150000#Average Salary $ 202238#Average Salary $ 145000#Average Salary $ 186438#Average Salary $ 150000#Average Salary $ 105900#Average Salary $ 126250#Average Salary $ 117492
    documents required#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose
    application datesApr 29, 2021 (Round 1)
    Oct 1, 2021 (Round 1)
    Jan 19, 2022 (Round 2)
    Apr 12, 2022 (Round 3)
    Jan 6, 2022 (Round 1)
    Apr 6, 2022 (Round 2)
    Sep 8, 2021 (Round 1)
    Jan 5, 2022 (Round 2)
    Mar 30, 2022 (Round 3)
    Jun 1, 2021 (summer)
    Sep 24, 2020 (Round 1)
    Jan 12, 2021 (Round 2)
    Apr 1, 2021 (Round 3)
    Sep 16, 2021 (Round 1)
    Jan 6, 2022 (Round 2)
    Apr 7, 2022 (Round 3)
    Sep 15, 2021 (Round 1)
    Jan 7, 2022 (Round 2)
    Apr 13, 2022 (Round 3)
    Sep 11, 2021 (Round 1)
    Nov 6, 2021 (Round 2)
    Jan 8, 2021 (Round 3)
    Oct 4, 2020 (Round 1)
    Jan 10, 2021 (Round 2)
    Mar 2, 2021 (Round 3)
    Oct 1, 2021 (Round 1)
    Dec 4, 2021 (Round 2)
    Feb 2, 2022 (Round 3)
    -Read Full ComparisonRead Full ComparisonRead Full ComparisonRead Full ComparisonRead Full ComparisonRead Full ComparisonRead Full ComparisonRead Full ComparisonRead Full ComparisonRead Full Comparison

    Reviews

    NA
    9.7 /10

    After B.Tech I was working as a software professional in an IT company for nearly 5 years when I met a Sloan alumnus whose leadership skill, down to earth attitude and highly effective approach to business and marketing impressed and inspired me to study MBA. I applied to a few colleges but I focused on getting into Sloan. I submitted an application through Sloan's own website and paid $250 application fees.

    Course Curriculum :

    The course was versatile, flexible, and practical. In the first semester, we studied the core subjects mandatory for all MBA students. From the second semester onward we fabricated our curriculum by choosing the right electives and tracks which suit our future career goals and plans. My track was enterprise management. The experiential learning side by side with theoretical learning was a good point about the MBA program of my college.

    10 /10 academic/food
    10 /10 faculty
    10 /10 infrastructure
    9 /10 accomodation
    9 /10 placement
    10 /10 extracurricular
    SM
    8.3 /10

    It is a dream of every student to study at Sloan and what makes the experience even greater is that it is a school of MIT. After completing my graduation I knew that I will submit the application here regardless of whether I will be able to get admission here or not. The application fee was $150 and every process was online.

    Course Curriculum :

    The course is designed in a way that it can be completed in one or one and a half year. It is probably the most detailed course in the field of business that teaches every from scratch to a level above the industry. The professors work on the vocational and soft skills of the students at the same time.

    8 /10 academic/food
    8 /10 faculty
    9 /10 infrastructure
    8 /10 accomodation
    8 /10 placement
    9 /10 extracurricular
    PD
    9.0 /10

    The Sloan School of Management is under MIT university. That was enough reason for me to join the college if my application is at all selected. However, with very little hope I had filled up the application form and it cost around $150 through the online admission portal of the college.

    Course Curriculum :

    The Master of Business administration(MBA) is a 2-year program at this university. This program is accredited by AACSB which shows that the program has everything that students expect. The curriculum begins with a Core semester where we and a cohort of peers dive deep into management theory and practice. Experiential learning is a centerpiece of the MBA experience.

    8 /10 academic/food
    10 /10 faculty
    9 /10 infrastructure
    8 /10 accomodation
    10 /10 placement
    9 /10 extracurricular

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