ENROLLMENT
| 2002/2003 Classes begin: |
n/a
|
Year program was founded: 1952
Institution is: U.S.
Length of program: 18 months
| Total graduate enrollment | 638 |
| Full-time | 744 |
| Part-time MBA students (on-campus) | n/a |
| Part-time MBA students (distance program) | n/a |
| EMBA | n/a |
| PhD program | n/a |
| |
| Current total undergraduate business school enrollment | 340 |
| |
| Increase in full-time students during last 12 months | n/a |
STUDENT PROFILE
| Female students in class | 24% |
| International students (1) | 35% |
| Underrepresented minority (2) students | 8% |
| Married | 29% |
Percent students from following regions:
| Africa | 1% |
| Asia | 18% |
| Central/South America, Mexico | 13% |
| Eastern Europe | 3% |
| Middle East | 2% |
North America
(Canada: 1% / U.S.: 99%) | 58% |
| Oceania | 1% |
| Western Europe | 5% |
North American students by region:
| Canada | 1% |
| Mid-Atlantic U.S. | 6% |
| Midwest U.S. | 6% |
| Northeast U.S. | 60% |
| South U.S. | 5% |
| Southwest U.S. | 4% |
| U.S. Possessions and territories | 0% |
| West U.S. | 17% |
(1) Students from countries other than the school's home country.
(2) Defined as U.S. citizens who are African American, Hispanic American, and Native American.
CLASS TRAITS
GMAT Scores
| Average | 707 |
| Range (middle 80%) | 650 | - | 760 |
TOEFL Scores*
| Mean TOEFL score | n/a |
| Minimum TOEFL score required | n/a |
Work Experience (months)
| Average | 60 |
| Range (middle 80%) | 36 | - | 96 |
| Enrolled students with one year or less of work experience | n/a |
Student Age (years)
| Average | 28 |
| Range (middle 80%) | 25 | - | 31 |
Salary
| Average annual pay forgone to enter program | n/a |
* Paper-based equivalent. See TOEFL concordance table for computer-based score equivalents.
ADMISSIONS
Application fee (resident): $175
Application fee (non resident): $200
4,102 people applied to the full-time MBA program in 2002. The school accepted 13% (selectivity) of those applicants, and 68% of admitted applicants (yield) enrolled in the program.
The B-school placed 241 applicant(s) on its wait list, from which 12 ultimately enrolled in the program. 5% of applicants had applied in prior years, and of those reapplicants 16% were accepted.
Applicant Profile:
| Female applicants | n/a |
| International applicants (1) | n/a |
| Underrepresented minority (2) applicants | n/a |
| Applicants with one year or less work experience | n/a |
Interviews for MBA applicants are:
By invitation only
In 2002, the B-school interviewed n/a of its full-time MBA applicants, and 100% of its admitted applicants.
(1) Applicants from countries other than the school's home country.
(2) Defined as U.S. citizens who are African American, Hispanic American, and Native American.
INVESTMENT AND DEADLINES FOR CLASS OF 2005
Estimated TOTAL (not annual) cost of full-time MBA program (U.S. dollars)
| Resident | $64,940 |
| Nonresident | $64,940 |
| |
| Expected monthly rent | $1,200 |
| Recommended annual budget (1) | $56,470 |
| Application deadline(s) |
n/a
|
| Rolling admissions? |
No
|
| Financial aid deadline(s): |
n/a
|
First-year MBAs:
| Average financial aid package | $55,310 |
| Range (middle 80%) | $12,500 | - | $55,310 |
| Average first-year scholarship awards (not including loans) | $14,500 |
Second-year MBAs:
| Average financial aid package | $50,310 |
| Range (middle 80%) | $3,701 | - | $50,310 |
| Average second-year scholarship awards (not including loans) | $15,605 |
| |
| Full-time MBAs receiving financial aid through B-school | 10% |
Graduate assistantships offered to qualifying MBAs? Yes
Scholarships are merit or need based?
Merit-based
Need-based
5 full-tuition scholarships were awarded by the school to full-time MBAs in the past 12 months
Guaranteed loan? (2) Yes
Maximum amount students can borrow: $105,620
Average outstanding loans for 2002 graduates: $49,303
Financial aid web-site:
http://mitsloan.mit.edu/mba
(1) Student budget includes tuition fees and living expenses.
(2) Upon admission, any accepted applicant, regardless of nationality, and without the need of a cosigner, is eligible for a loan.
CONTACTS
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