FULL-TIME MBA Profiles Publish Date 11/05/09

Massachusetts Institute of Technology

Sloan School of Management

Getting In

PROGRAM BASICS

MIT Sloan School of Management

50 Memorial Drive
E52-126
Cambridge , Massachusetts 02142 United States

Program Web site:

http://mitsloan.mit.edu/

Status:

Private Institution

Program e-mail address:

mbaadmissions@sloan.mit.edu

Graduate business school is accredited by:

AACSB International

SCHOOL BASICS

Graduate business school enrollment:

Full-Time MBA: 779
PhD Program: 77

Graduate degree programs:

Master of Finance

Other graduate degree programs:

Masters of Finance (M.Fin.) Biomedical Enterprise Program (MBA/MS) Sloan Fellows (MBA) Leaders for Global Operations (MBA/MS) Master of Science in Management Science (MSMS)

PROGRAM COSTS

Total direct costs (tuition and required fees) of the entire MBA program:

Resident : $ 48,922
Nonresident : $ 48,922
Recommended annual budget (Resident): $ 77,224
Recommended annual budget (Nonresident): $ 77,224

PROGRAM LENGTH

Full-time program (months):

ADMISSIONS

Application Deadlines

Deadline: 10
Deadline: 1

Does the program have rolling admissions?

Is proficiency in English required for admission?

Yes

Is a minimum score on an English language proficiency test required?

Relative Importance of Application Elements:

GMAT Score:

Important

Resume/Work Experience:

Important

Application Essays:

Important

Interviews:

Important

Recommendations:

Important

Undergraduate Transcripts:

Important

APPLICANTS

Applications (admitted and denied) to the newest class:

4,125

Applicants who were accepted to the most recent class:

14 %

Admitted applicants who enrolled in the newest class:

68 %

Applicants who were re-applicants from prior years:

5 %

Percentage of this year's reapplicants accepted:

15 %

Applicants wait-listed during the last admissions cycle:

N/A

Wait-listed applicants admitted for the semester to which they applied:

N/A

Applicant interviews are:

Required

Applicants (admitted and denied) who were interviewed:

18 %

Admitted applicants who were interviewed:

100 %

CLASS PROFILE

Full-time students in newest entering class (2009-2010) that are:

Female: 38 %
International: 39 %

Students from following regions:

Africa : <1 %
Asia: 20 %
Latin America and the Caribbean: 7 %
Middle East: 3 %
North America: 62 %
Oceania : <1 %
Western Europe: 8 %
Dual citizenship: 13 %

Percentage of U.S. students in newest entering class that are:

African American: 8 %
Asian American: 26 %
Hispanic or Latino American: 12 %
Native American: 1 %
White (Non-Hispanic): 52 %
Chose not to report: 0 %
Other: 0 %

Percentage of U.S. students in newest entering class who are from the following regions:

Northeast: 24 %
Mid-Atlantic: 26 %
South: 9 %
Southwest: 7 %
Midwest : 5 %
West: 22 %

Mean months of work experience of newest entering class:

Median months of work experience of newest entering class:

Middle 80% range of work experience of newest entering class in months:

From: 24
To: 288

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Central financial aid office at the university

Full-time MBAs who applied for financial aid for the current academic year:

79 %

Full-time MBAs receiving financial aid in the current academic year:

78 %

Mean MBA financial aid package for the current academic year:

$ 57,450

Median MBA financial aid package for the current academic year:

$ 74,224

On what basis are scholarships awarded?

Financial need

Some other criteria

How does an applicant apply for scholarship consideration?

all candidates are considered for scholarship

Mean scholarship awarded to full-time MBAs in the previous academic year:

$ 20,920

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

Yes

If so, what is the maximum amount a student can borrow per year?

$ 77,224

Mean outstanding debt among the most recent graduates from the full-time MBA program:

$ 99,123

GMAT

Are applicants required to take the GMAT?

Yes

GMAT scores:

Mean : 711
Median: 710

Middle 80% range GMAT scores:

From: 660
To: 760

Academics & Lifestyle

Elective courses available to full-time MBA students:

139

Electives that have been added to the full-time program since June 30, 2009:

Strategic Opportunities in Energy
Enabling an Energy Efficient Society
Financial Crises

Year of last major change or significant overhaul to the core curriculum:

2003

Concentrations and specializations offered to full-time MBA students:

Entrepreneurship

Finance

General Management

N/A

Joint-degree programs offered to full-time MBAs:

MBA/ME (Engineering)

MBA/Meng (Engineering - Manufacturing Management)

MBA/MS (Science)

Other

Does the school offer an accelerated full-time MBA program?

The school believes that its leading areas of study for full-time MBA students are:

Entrepreneurship

Finance

General Management

Operations Management

Technology

FACULTY

Faculty employed by the B-school:

106

Full-time faculty:

Tenured: 67
Non-Tenured: 39

Adjunct/Visiting Faculty:

N/A

Women on Faculty:

Tenured: 10
Non-Tenured: 13

Minority Faculty:

Tenured: 5
Non-Tenured: 6

International Faculty:

Tenured: 7
Non-Tenured: 23

Faculty with PhDs:

Tenured: 67
Non-Tenured: 39

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Environmental

Finance

Investment Banking

Manufacturing

Marketing

Media & Entertainment

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Gay/Lesbian/Bisexual

International Club

Partners/Family

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used:

Case Study: 33 %
Lectures: 33 %
Other: 33 %

Team Projects Practice Workshops Live cases etc

Requirements for graduation:

Students must have attended a minimum number of classes

Students must have earned a pre-determined GPA/letter grade average

Other:

TECHNOLOGY

Technology improvements in the last three academic years:

N/A

Alumni Affairs & Careers

B-SCHOOL ALUMNI

Living MBA alumni:

21,000

Active MBA alumni clubs:

Countries in which MBA clubs exist:

Living MBA alumni who gave in past year:

24 %

Mean gift from MBA alumni:

$ 1,078

Median gift from MBA alumni:

$ 100

Did school receive an individual gift in excess of $10 million in the past academic year?

Business school endowment

$ 515,134,055

Does the main university offer career placement services for alumni?

Yes

Does the main university have an alumni networking Web site?

Yes

University alumni networking site:

http://alum.mit.edu

Does the B-School have an alumni networking Web site?

Yes

Business school alumni networking site:

https://sloancf.mit.edu/vpf/

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

N/A

Annual job-searching trips that the school coordinates or participates in:

N/A

Primary source of job offer:

N/A

Job Offers for 2009 graduates:

N/A

Top recruiting organizations most recent academic year:

N/A

Base salary, signing bonuses and other compensation for most recent employed graduates:

N/A

Graduating students who accepted jobs in the following functional areas:

N/A

Graduating students who accepted jobs in the following industries:

N/A

Graduates who accepted full-time jobs in the following regions:

N/A

Within North America, graduates who accepted full-time jobs in the following regions:

N/A

Top recruiting organizations for internships, most recent academic year:

N/A

Weekly internship compensation:

Mean: N/A
Median: N/A

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

Great overall experience, more than just potentially "getting better" at a future job. -- Finance

MIT Sloan offers a very friendly and collaborative environment, which breaks the general impression people may have toward B-Schools. Everyone can learn and play comfortably in such a wonderful place. -- Operations

The opportunities at MIT Sloan are unmatched by other schools in many areas. I would deinitely urge friends to attend Sloan if they were interested in technology, energy, marketing and finance. -- Consulting

For me the MBA experience was extremely positive. I was able to acquire new skills and meet a large group of talented and friendly people. -- Finance

My experience at MIT Sloan was life-changing. I gained an entrepreneurial vision and network that is unparalleled. -- Entrepreneurship

MIT Sloan excells in equipping students with strong skills in quantitative analysis, financial management and economic theory. -- Consulting

I'm very happy with my experience at Sloan. In particular, I was constantly impressed with the caliber of the student body, the number of opportunities available to students (professionally and socially), the team-oriented approach to learning and the strength of the alumni network. -- Entrepreneurship

MIT Sloan has a very friendly hard working culture. The students are all down to earth and the professors are accessible. Also, the connection with MIT main campus vastly enhances the opportunities for entrepreneurship and alumni networking. -- Marketing

The program exceeded all my expectations and I am definitely better prepared for a successful career. -- Consulting

I have built a great network, found a great job, and spent 2 amazing years at MIT Sloan. I think that the school is fantastic for potential applicants who are smart team players, and particularly those focused on entrepreneurship and innovation. -- Consulting

The MBA played a critical role in launching my career. I was able to move from a steady corporate job with good pay to an investment management position at a top firm making close to four times my previous pay. -- Finance

I was extremely pleased by the MBA program at MIT Sloan. In particular, I completed a dual-degree program (Leaders for Manufacturing Program), which allowed me to take both engineering and management curriculum. -- Consulting

Not many of my friends would feel comfortable in such a highly charged, type A environment. -- Consulting

I am somewhat skeptical of the value of the MBA broadly, but believe that MIT Sloan did a lot of things well to mitigate these fears. It was a very good blend of project based, textbook based, and case base studies. -- Venture Capital/Private Equity

I had a great time at MIT Sloan and met many unbelievably intelligent and interesting people. Working with such accomplished people on a daily basis definitely prepared me for my post-MBA career. -- Consulting

The environment is very collaborative and the quality of students is outstanding. I would ask friends to seriously consider their desired career path after school-- if you want banking or consulting, a top Bschool is the place for you. Otherwise, you might be ok with a cheaper option. -- Marketing

MIT Sloan is not for everyone. If you're going to business school to check a box and go back to your old investment bank you may not fit in. MIT Sloan is a school of brilliant, energetic, self-motivated, and ultimately humble students who are genuinely interested in leveraging their MBA experience to accomplish their diverse long-term goals. -- Consulting

MIT Sloan's culture is incredibly friendly and down-to-earth, perhaps because so many of the incoming students come from industry and engineering with the intent of returning back into similar roles. I think this makes for a more diverse and interesting alumni. -- Entrepreneurship

Sloan is an excellent school to attend but I feel the administration is still not synched with the high quality of the students. -- Finance