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2003 FULL-TIME MBA PROFILE
Massachusetts Institute of Technology
MIT Sloan School of Management

Sections:  Getting In  | Academics & Lifestyle | Careers & Alumni Affairs | Graduate Comments


Address: 50 Memorial Drive
Room E52-101
Cambridge, MA 02142
E-Mail: mbaadmissions@sloan.mit.edu
Web site: http://mitsloan.mit.edu/mba
Directions to school


ENROLLMENT

2003/2004 Classes begin: Aug. 18, 2003

Year program was founded: 1952

Institution is: U.S., Private

Length of program: 18 months


Total graduate enrollment n/a
Full-time MBA students n/a
Part-time MBA students n/a
Distance learning MBA students n/a
EMBA students n/a
PhD program students n/a
 
Current total undergraduate business school enrollment n/a
 
Change in full-time class size in last 12 months 11%


STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 26%
International students (1) 34%
Married students 28%

For U.S. schools only:
African-American students 3%
Asian-American students 14%
Hispanic-American students 5%
Native American students 1%
White (non-Hispanic) students 32%

Students from the following regions:
Africa 2%
Asia 17%
Eastern Europe, Central Europe and Central Asia 4%
Latin America and the Carribean 11%
Middle East 2%
North America
 (Canada: 3% / U.S.: 97%)
56%
Oceania 1%
Western Europe 8%

North American students by region:
Canada 3%
Mid-Atlantic U.S. n/a
Midwest U.S. 6%
Northeast U.S. 58%
South U.S. 8%
Southwest U.S. n/a
U.S. Possessions and territories 0%
West U.S. 25%

(1) Students from countries other than the school's home country.


CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores
Average 700
Range (middle 80%) 640 - 760

TOEFL Scores
Average TOEFL score n/a
Minimum TOEFL score required n/a

Work Experience (months)
Average 65
Range (middle 80%) 36 - 96
Enrolled students with one year or less of work experience 1%

Student Age (years)
Average 28
Range (middle 80%) 25 - 32

Salary
Average annual pay forgone to enter program n/a



ADMISSIONS

Application fee (resident): $210

Application fee (nonresident): $210

3,228 people applied to the full-time MBA program in 2003. The school accepted 17% (selectivity) of those applicants, and 69% of admitted applicants (yield) enrolled in the program.

The B-school placed n/a applicant(s) on its wait list, from which n/a ultimately enrolled in the program. 8% of applicants had applied in prior years, and of those reapplicants 15% 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 1%

Interviews for MBA applicants are:
Required
By invitation only

In 2003, the B-school interviewed 30% of its full-time MBA applicants, and 39% 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 $34,780
Nonresident $34,780
 
Expected monthly rent $1,110
Recommended annual budget (Resident) (1) $61,300
Recommended annual budget (Nonresident) $61,300

2003-2004 Application deadline(s)
All applicants: Oct. 29, 2003
All applicants: Jan. 21, 2004

Rolling admissions? No

2003-2004 deadline(s) for scheduling an interview
n/a

2003-2004 Financial aid deadline(s):
n/a

First-year MBAs:
Average financial aid package n/a
Range (middle 80%) n/a - n/a
Average first-year scholarship awards (not including loans) n/a

Second-year MBAs:
Average financial aid package n/a
Range (middle 80%) n/a - n/a
Average second-year scholarship awards (not including loans) n/a
 

Graduate assistantships offered to qualifying MBAs? n/a

Scholarships are merit or need based?
n/a

n/a 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: $11,000

Average outstanding loans for 2003 graduates: n/a

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

Dean n/a
Hired as of n/a
 
Program director David Capodilupo
 
Admissions director Rod Garcia
 
Financial aid director Rod Garcia
 
Career services director Jackie Wilbur
 
Alumni relations director To be appointed


 
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SLOAN INSIDER CONTENT
Admissions Q&A
Admission Interview Tips
Sample Application Essays
Best Schools for Entrepreneurship
Best Schools for Marketing
Best Schools for Finance
Best Schools for Management
Entrepreneurship Video View
School Tour

SLOAN PROFILES
Full-time '04 | '03 | '02 | '01 | '00 | '99 | '98
Exec ed '03 | '01

SLOAN INFO
Admissions Q&A '03 | '01 | '00 | '97
Placement Q&A '01 | '00 | '98
Financial Aid Q&A '99 |
Video Views Dean Richard Schmalensee | MBA Dir. Margaret Andrews
B-School Calendar
Search for articles about Sloan

SLOAN RANKINGS
Full-time MBA rank:
2004:  9    1994:  10    
2002:  6    1992:  13    
2000:  4    1990:  11    
1998:  15    1988:  15    
1996:  9    
BW ranking history

Exec Ed rank:
2003:  16    1997:  10    
2001:  14    1993:  --    
1999:  12    1991:  12    



Sections:  Getting In  | Academics & Lifestyle | Careers & Alumni Affairs | Graduate Comments

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