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2005 FULL-TIME MBA PROFILE
Massachusetts Institute of Technology
MIT Sloan School of Management — 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. 6, 2005

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

Enrollment
Total graduate business students 1,032
Full-time MBA students 710
Part-time MBA students n/a
Distance MBA students n/a
Executive MBA students n/a
PhD program students 80
Doctorate of Business Administration (DBA) students n/a
 
Total undergraduate business students 400
 
Change in full-time class size in past academic year 0%

STUDENT PROFILE - MOST RECENT ENTERING CLASS

Female students in class 30%
International students 1 32%
Married students n/a

For U.S. schools only:
African American students 2%
Alaskan Native of Pacific Islander American students 1%
Asian American students 27%
Mexican American students 4%
Puerto Rican students n/a
Other Hispanic American students n/a
White (non-Hispanic) students 4%
Multiethnic/Multiracial students n/a
Not reported 10%
Other 52%

Students from the following regions:
Africa 1%
Asia 20%
Eastern and Central Europe and Central Asia n/a
Latin America and the Caribbean 7%
Middle East n/a
North America
 (Canada: 2% / U.S.: 98%)
60%
Oceania 1%
Western Europe 9%

North American students by region:
Canada 2%
Mid-Atlantic U.S. 15%
Midwest U.S. 5%
Northeast U.S. 32%
South U.S. 9%
Southwest U.S. 6%
U.S. Possessions and territories 0%
West U.S. 23%

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

CLASS TRAITS - MOST RECENT ENTERING CLASS

GMAT Scores - Historical Chart
20052004200320022001
Average700697700707703
Median700700710710710
Range (middle 80%)640 - 760640 - 760640 - 760650 - 760670 - 740

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 65
Median 60
Range (middle 80%) 24 - 108
New entrants with one year or less of work experience 1%

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

Salary
Average base salary forgone to enter program n/a
Median base salary forgone to enter program n/a


ADMISSIONS

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

2,730 people applied to the full-time MBA program in 2005. The school accepted 21% (selectivity) of those applicants, and 100% of admitted applicants (yield) enrolled in the program.

Selectivity/Yield - Historical Chart
20052004200320022001
Selectivity21%20%17%13%18%
Yield100%66%69%68%70%

35% of applicants had applied in prior years, and of those reapplicants n/a 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 2005, the B-school interviewed 35% 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)
Program Cost - Historical Chart
20052004200320022001
Resident$39,844$37,050$34,780$64,940$31,200
Nonresident$39,844$37,050$34,780$64,940$31,200
Expected monthly rent $3,043
Recommended annual budget (Resident) 1 $67,234
Recommended annual budget (Nonresident) $67,234

2005-2007 DEADLINES:
Application deadline(s)
n/a

Rolling admissions? No

Deadline(s) for scheduling an interview
n/a

Financial aid deadline(s)
n/a

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

65% of full-time MBAs applied for financial aid for the 2005-2006 academic year. 64% of full-time MBAs received some form of financial aid for the 2005-2006 academic year.

Of those who received financial aid for the 2005-2006 academic year, 16% received institutional scholarships, n/a received assistantships, and 93% received loans.

Average financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) $52,193
Median financial-aid package for the 2005-2006 academic year (includes scholarships, assistantships, and loans) n/a
Range of financial-aid packages n/a - n/a
Scholarships: Based on n/a


n/a full-tuition scholarships were awarded by the school to full-time MBAs for the 2005-2006 academic year.

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


Average scholarship awarded $20,133
Guaranteed loan offered? 2 Yes
Maximum amount students can borrow $39,844
Average outstanding loans for 2005 graduates $85,042
Total money distributed to MBAs in past academic year $704,661

Financial aid Web site


(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 Schmalensee
Hired as of Nov. 1998
 
Program director Debbie Berechman
 
Admissions director Rod Garcia
 
Financial aid director Elizabeth Barnes
 
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 |
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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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