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2004 FULL-TIME MBA PROFILE
Massachusetts Institute of Technology
MIT Sloan School of Management
Address: 50 Memorial Drive
Room E52-101
Cambridge, MA 02142
E-Mail: mbaadmissions@sloan.mit.edu
Web links: B-school Web site
Directions to school
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B-SCHOOL & PROGRAM BASICS

Classes begin Sept. 8, 2004

Year program was founded 1914
Institution is U.S., Private
Business school accreditation:
AACSB
Length of program 18 months

Enrollment
Total graduate business students 781
Full-time MBA students 776
Part-time MBA students n/a
Distance MBA students n/a
Executive MBA students n/a
PhD program students n/a
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students n/a
 
Change in full-time class size in past academic year -8%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 31%
International students 1 33%
Married students 33%

For U.S. schools only:
African American students 4%
Alaskan Native of Pacific Islander American students 0%
Asian American students 20%
Mexican American students n/a
Puerto Rican students n/a
Other Hispanic American students 3%
White (non-Hispanic) students 37%
Multiethnic/Multiracial students 0%
Not reported 2%
Other 0%

Students from the following regions:
Africa 2%
Asia 19%
Eastern Europe, Central Europe and Central Asia n/a
Latin America and the Caribbean 8%
Middle East n/a
North America
 (Canada: 2% / U.S.: 98%)
60%
Oceania 1%
Western Europe 10%

North American students by region:
Canada 2%
Mid-Atlantic U.S. n/a
Midwest U.S. 9%
Northeast U.S. 55%
South U.S. 12%
Southwest U.S. n/a
U.S. Possessions and territories n/a
West U.S. 22%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
200420032002
Average697700707
Median700710710
Range (middle 80%)640-760n/an/a

GMAT scores are required as part of the application.


TOEFL Scores
TOEFL scores are required for applicants whose native language is not English.

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

Work Experience (months)
Average 64
Range (middle 80%) 36 - 96
New entrants with one year or less of work experience 0%

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

Salary
Average base salary forgone to enter program n/a


ADMISSIONS

Application fee (resident) $230
Application fee (nonresident) $230

2,728 people applied to the full-time MBA program in 2004. The school accepted 20% (selectivity) of those applicants, and 66% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
200420032002
Selectivity20%17%13%
Yield66%69%68%

6% of applicants had applied in prior years, and of those reapplicants 26% were accepted.

The B-school placed n/a applicant(s) on its wait list. n/a wait-listed applicants were admitted to the semester for which they applied.

Applicant Profile:
Female applicants n/a
International applicants 1 n/a

Interviews for MBA applicants are:
Required
By invitation only

In 2004, 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.

COSTS, DEADLINES & FINANCIAL AID

COSTS:
Estimated TOTAL (not annual) cost of full-time MBA program (U.S. dollars)
200420032002
Resident$37,050$34,780$64,940
Nonresident$37,050$34,780$64,940
Expected monthly rent $2,982
Recommended annual budget (Resident) 1 $63,890
Recommended annual budget (Nonresident) $63,890

2004-2006 DEADLINES:
Application deadline(s)
All applicants:  Oct. 27, 2004

Rolling admissions? No

Deadline(s) for scheduling an interview
n/a

Financial aid deadline(s)
All applicants:  Oct. 27, 2004
All applicants:  Jan. 19, 2005

FINANCIAL AID:
Full-time MBAs apply for financial aid through a Central financial aid office at the university

n/a of full-time MBAs applied for financial aid for the 2004-2005 academic year. 74% of full-time MBAs received some form of financial aid for the 2004-2005 academic year.

Of those who received financial aid for the 2004-2005 academic year, 20% received institutional scholarships, n/a received assistantships, and 68% received loans.

Average financial aid package for the 2004-2005 academic year (includes scholarships, assistantships, and loans) $55,000
Scholarships: Based on a combination of need and merit
some other criteria


n/a full-tuition scholarships were awarded by the school to full-time MBAs for the 2004-2005 academic year.

How does an applicant apply for scholarship consideration?
n/a


Average scholarship awarded n/a
Guaranteed loan offered? 2 Yes
Maximum amount students can borrow n/a
Average outstanding loans for 2004 graduates n/a


(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 Richard L. Schmalensee
Hired as of n/a
 
Program director David Capodliupo
 
Admissions director Rod Garcia
 
Financial aid director Rod Garcia
 
Career services director Jackie Wilbur
 
Alumni relations director Sean E. Brown

 
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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
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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    



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