2007 UNDERGRAD PROFILE
Massachusetts Institute of Technology
MIT Sloan School of Management
SB in Management Science
B-School and Program Basics
| Address: | 77 Massachusetts Ave MIT Room E40-161 Cambridge, MA US 02139 |
Program E-Mail |
Program Web site |
MIT Sloan School of Management is a private institution.
Undergrad business program was founded: 1914
Accredited by AACSB International
Classes begin:
| Other Annual Admissions | 09/05/2007 |
| NA | |
Enrollment
| Total undergraduate business school enrollment | 236 |
| Total full-time undergraduate business students | 228 |
| Total part-time undergraduate business students | 8 |
| Total distance undergraduate business students | 0 |
STUDENT PROFILE: MOST RECENT ENTERING CLASS
| Female students in class | 48% |
| International students | 15% |
For U.S. schools only: |
|
| African American students | 8% |
| Native Americans | 0% |
| Asian Americans | 37% |
| Hispanic | 9% |
| White (non-Hispanic) | 25% |
| Unknown | 6% |
| Other | 15% |
U.S. students by region:
| Mid-Atlantic U.S. | 12% |
| Midwest U.S. | 14% |
| Northeast U.S. | 31% |
| South U.S. | 13% |
| Southwest U.S. | 11% |
| West U.S. | 18% |
| U.S. Possessions and territories | 1% |
Citizenship:
| U.S. | 85% |
| Canada | 0% |
| Other | 15% |
| Unknown | 0% |
CLASS TRAITS: MOST RECENT ENTERING CLASS
| Does the school require standardized tests, such as the SAT or ACT? | No |
SAT Scores for full-time entering business students |
|
| Average | |
| Median | |
| Range (Middle 80%) | From to |
| Minimum SAT Score | |
ACT Scores for full-time entering business students |
|
| Average | 31 |
| Median | 31 |
| Range (Middle 80%) | From 29 to 33 |
| Minimum ACT Score | NA |
| Minimum High School GPA | NA |
| Does the school require an entrance exam? | Yes |
| Student Age (years) | |
| Average | 19 |
| Median | 19 |
| High School performance of entering business students | |
| Top 10% of high school class | 100% |
| Top 25% of high school class | 100% |
| GPA of 3.75 or higher | NA % |
| GPA of 3.5 to 3.75 | NA % |
| GPA of 3.25 to 3.49 | NA % |
| GPA of 3.00 to 3.24 | NA % |
| GPA of 2.50 to 2.99 | NA % |
| GPA of 2.00 to 2.49 | NA % |
| GPA of 1.00 to 1.99 | NA % |
| GPA below 1.0 | NA % |
| For Internal Transfers | |
| Minimum overall college GPA | NA |
| Additional application requirements | |
ADMISSIONS
| University Application fee (resident) | $ 65.00 | ||
| University Application fee (nonresident) | $ 65.00 | ||
| University Application fee (non-resident transfers) | $ 65.00 | ||
The business program's financial aid office manages admissions to the business program
11374 people applied to undergraduate programs for the 2006 academic year. The school accepted NA % (selectivity) of those applicants, and NA % of admitted applicants (yield) enrolled.
NA % of applicants had applied in prior years, and of those reapplicants NA % were accepted.
The university placed 319 applicant(s) on its wait list. 40 wait-listed applicants were admitted to the semester for which they applied.
Does the business program admit freshmen? No
NA % of 2006 admissions to the program were freshmen
How do freshmen apply? NA
How do internal transfers apply? Declare business major
freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
NA % of these applicants were admitted to the program and NA % of admitted students enrolled.
internal candidates (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year. were admitted to the program.
| Share of all university applicants who are female: | 28% |
| Share of all university applicants who are not from the U.S. | 24% |
Interviews for applicants are Recommended
Additional application requirements (including those for international students):
Non-native English speakers have the option of taking TOFEL in place of SAT Reasoning Test of ACT with Writing. Others must take SAT Reasoning or ACT with Writing.
Relative importance of the following factors in deciding who gets admitted to the university:
Secondary School Record: Important
Class Rank: Important
High School GPA: Important
SAT/ACT Scores: Important
Application Essay: Considered
Recommendations: Important
Interview: Important
Extracurricular Activities: Important
Talent/ability: Important
Character/personal qualities: Very Important
Volunteer Work: Considered
Work Experience: Considered
COSTS
Annual Costs
| Resident Tuition | $ 33,400.00 |
| Nonresident Tuition | $ 33,400.00 |
| Room and Board | $ 9,950.00 |
| Books | $ 1,100.00 |
| Other Expenses (please specify) | |
| Student Activitty Fee | $200.00 |
| Personal | $1,700.00 |
Tuition per credit hour (U.S. dollars)
| Resident | $ 525.00 |
| Nonresident | $ 525.00 |
2007-2008 DEADLINES
| University Application deadlines for: | Other Annual Admissions | 01/01/2007 |
| Business Program deadlines for: | |
FINANCIAL AID
The business program's financial aid ofice manages financial aid for the business program
Financial Aid Web site
Total scholarship money given to business students through the financial aid office in the 2005 academic year: $ 3,298,967.00
Total scholarship money to be distributed to business students through the financial aid office in the 2006 academic year: $ 3,658,507.00
Scholarships are awarded to students in the business program based on Financial Need
Scholarships in the 2006-2007 academic year | |
| Percent of business students receiving some scholarship money | 55% |
| Percent of business students receiving full-tuition scholarships | 55% |
| Percent of scholarships offered to business students based on need | 100% |
| Percent of scholarships offered to business students based on merit | 0% |
How do applicants apply for scholarships?
Each applicant must submit CSS Profile, Federal FAFSA and supporting W2's and tax forms (parents').
Does the schoool offer a guaranteed loan to all business students (regardless of nationality): Yes
The maximum amount a business student can borrow per year is: $ 46,350.00
The average outstanding debt among 2006 business program graduates is: $ 16,172.00
CONTACTS
| Dean Richard L. Schmalensee | Hired as of 11/01/1998 |
ACADEMICS & REQUIREMENTS
Specializations offered:
, , ,
Operations Research
Information Technologies
Programs Offered
| BS | Management Science | Full time |
| Core curriculum last revised Prior to 2000 |
| Average class size in required business classes | |
| Average class size in business electives | |
| Average class size in non-business classes (required for admission to the business program |
NA % of business classes (core and elective) have fewer than 20 students
NA % of business classes (core and elective) have 21 to 50 students
NA % of business classes (core and elective) have more than 50 students
NA % of required business courses reached maximum enrollment by the first day of class from June 30, 2004 to June 30, 2005.
NA % of required business courses had waiting lists for enrollment
AREAS OF STUDY & ELECTIVES
The school reports that the following are its five leading areas of study:
Finance, Management Information Systems, Marketing, Other
Number of elective courses (not multiple sessions of same course) available in the past academic year: 168
New electives added in the past academic year:
People and Organizations
What special programs are available to business students?
| Work study or co-op opportunities | No |
| Study abroad opportunities | Yes |
| We have no formal exchange program, but we offer transfer credit for equivalent course work. | |
| Volunteer and community service opportunities | Yes |
| Through MIT Public Service Center | |
| Business clubs and extracurricular activities | Yes |
| SUMA (Sloan Undergraduate Management Association) | |
FACULTY
| Total full-time undergraduate business faculty | 96 |
| Total undergraduate business adjuncts and visiting business faculty | |
| Total undergraduate permanent/tenured business professors |
18% of permanent/tenured business professors are women
8% of permanent/tenured business professors are underrepresented minorities (African American, Hispanic American or Native American)
NA % of permanent/tenured business professors are members of company boards of directors or boards of advisors
NA % of permanent/tenured business professors have owned their own business
Prominent Faculty: , ,
STUDENT LIFE
Freshmen are required to live on campus
61%of all business students live on campus
Business students are not grouped together in "learning communities" in housing or other facilities
TECHNOLOGY
Number of omputers available to undergraduate business students (within the program and university as a whole): 60
Wireless network is available in main B-school buildings
Technology changes made over the past three years:
Pervasive Wireless
Network Infrastructure (Backbone upgrades)
Classroom Technology Improvements
Student Portal
Alumni Database and Community Applications
Educational Technology Applications
THE FULL-TIME JOB HUNT
The school has information regarding the employment of 69% of 2006 graduates
Of 2006 graduates for whom we have information...
74% were seeking full-time professional employment in business
26% were not seeking full-time professional employment in business
For those not seeking employment in business...
33% of those were already employed at graduation
50% were planning to continue their education immediately after graduation
17% were postponing their job search
0% were planning to start their own business
0% of those not working were doing so for other reasons
companies recruited business students on campus from June 30, 2005 to June 30, 2006
companies posted full-time job offers for undergraduate business students on the school's job boards from June 30, 2005 to June 30, 2006
Of 2006 Job-seeking Graduates...
received their first job offer by graduation
received their first job offer within three months of graduation
received their first job offer more than three months after graduation
did not report having received an offer
| Top 10 recruiting firms that hired the most graduates in the past academic year | No. hired |
| Goldman Sachs Group | 3 |
| ARES/Teach for America | 2 |
| Citigroup | 1 |
| Credit Suisse Group | 1 |
| JPMorgan Chase & Co. | 1 |
| Deutsche Bank | 1 |
| Citadel | 1 |
| Ideo | 1 |
| IBM Corporation | 1 |
| Lehman Bros. | 1 |
| Historic Salary Prospects for 2005 Grads (school reported) | |
| Average base salary | $ 64,611.00 |
| Median base salary | $ 60,000.00 |
| Average signing bonus | $ 11,419.00 |
| Median signing bonus | $ 10,000.00 |
| Average other guaranteed compensation | NA |
| Median other guaranteed compensation | NA |
CAREER DIRECTIONS
What percentage of 2006 graduates who accepted jobs did so in the following functional areas? Are these figures estimates based on the number of students majoring in these functional areas? Yes
| Finance (includes corporate finance, investments, treasury and financial analysis, public finance, etc.) | 56% |
| Accounting/auditing | 0% |
| General Management | 26% |
| Human Resources | 0% |
| Marketing/Sales (includes public relations, product management, market research, advertising, etc.) | 3% |
| Management Information Systems | 6% |
| Operations | 3% |
| Logistics/Transportation | 0% |
| Other | 6% |
What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? Yes
| Accounting | NA % |
| Consumer Products & Retail | NA % |
| Consulting | 26% |
| Financial Services | 56% |
| Government, Nonprofit, & Education | 9% |
| Health | NA % |
| Manufacturing | NA % |
| Media & Entertainment | 3% |
| Sports & Leisure | 3% |
| Technology & Science | 3% |
| Transportation | 2% |
| UTILITIES | NA % |
| Other | NA % |
North American Jobs
NA % of 2006 graduates accepted jobs in Canada
100% of 2006 graduates accepted jobs in the U.S.
Here's the regional breakdown on job acceptances in North American regions:
| Northeast (ME, VT, NY, NH, CT, MA, NJ, RI) | 76% |
| Mid-Atlantic (PA, MD, VA, WV, DE, DC) | 3% |
| South (NC, SC, KY, TN, GA, FL, AL, AR, LA, MS) | NA % |
| Southwest (CO, AZ, TX, OK, NM) | 3% |
| Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) | 8% |
| West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) | 10% |
| U.S. possessions and territories (America Samoa, Palau, Guam, Puerto Rico, Virgin Islands) | NA % |
| Canada | NA % |
INTERNSHIPS
companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006
NA % of internships were paid.
| Average compensation per week | NA |
| Median compensation per week | NA |
| Average internship length (weeks) |
companies posted internships for undergraduate business students on school job boards from June 30, 2005 to June 30, 2006
| Top 10 Recruiting Firms for Internships | No. interns |
ALUMNI AFFAIRS
33% of living undergraduate business alumni contributed to the program/university some time between June 30, 2005 and June 30, 2006
Of those who contributed...
| The average gift was | $ 15,578.00 |
| The median gift was | $ 100.00 |
From June 30, 2005 to June 30, 2006, the undergraduate business program 33% received any individual gift in excess of $10 million
Prominent Alumni
PROGRAM REQUIREMENTS
Credit hours required for business degree (including university and program requirements)
| Minimum of for |
| Minimum of for |
