Massachusetts Institute of Technology

PROGRAM BASICS

Massachusetts Institute of Technology

MIT Sloan School of Management

30 Memorial Drive
E52-101
Cambridge , Massachusetts 02142

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

Years in which the following programs were founded:

Full-time MBA: 1914
Undergraduate business program: 1914
Executive MBA: 1931
Executive Education (non-degree): 1960

PROGRAM COSTS

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

Resident : $  46,784
Nonresident : $  46,784
Recommended annual budget (Resident): $  75,932
Recommended annual budget (Nonresident): $  75,932

PROGRAM LENGTH

Full-time program (months):

21

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 1128
Full-time MBA: 780

PhD program: 74
Other: 100

Undergraduate business school enrollment

174

Graduate degree programs:

Other graduate degree programs:

Biomedical Enterprise Program (BEP), Leaders for Manufacturing (LFM), Sloan Fellows

ADMISSIONS

Application Deadlines

10/28/08 01/13/09

Does the program have rolling admissions?

No

Is proficiency in English required for admission?

No

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

Other: N/A

Relative importance: Application Elements

GMAT Score:

Very Important

Resume/Work Experience:

Very Important

Application Essays:

Very Important

Interviews:

Very Important

Recommendations:

Very Important

Undergraduate Transcripts:

Very Important

APPLICANTS

Applications (admitted and denied) to the newest class:

3896

Applicants who were accepted to the most recent class:

15 %

Admitted applicants who enrolled in the newest class:

67 %

Applicants who were re-applicants from prior years:

5 %

Percentage of this year's reapplicants accepted:

29 %

Applicants wait-listed during the last admissions cycle:

150

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

20

Applicant interviews are:

Required

Admitted applicants who were interviewed:

100 %

APPLICANT POOL

International applications received:

19 %

CLASS PROFILE

Full-time students in newest entering class (2008-2009) that are:

Female: 35  %
International: 36  %

Ethnicity/US Students in Program

African American: 3  %
Asian American: 14  %
Hispanic or Latino American: 6  %
White (Non-Hispanic): 36  %
Chose not to report: 5  %

Students from following regions:

Africa : 1  %
Asia: 23  %
Latin America and the Caribbean: 7  %
North America: 61  %
Oceania : 1  %
Western Europe: 8  %
Percentage of students with dual citizenship: 10  %

Entering North American citizens by region:

Northeast: 34  %
Mid-Atlantic: 24  %
South: 9  %
Southwest: 5  %
Midwest : 6  %
West: 15  %
Possessions and territories: 7  %

Mean months of work experience of newest entering class:

57

Median months of work experience of newest entering class:

60

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

From:  2
To:  15

Median age of entering class:

28

Mean age of entering class:

28

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Central financial aid office at the university

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

72 %

Full-time MBAs receiving financial aid through school:

71 %

Mean MBA financial aid package for the current academic year:

$  63,815

Median MBA financial aid package for the current academic year:

$  70,932

On what basis are scholarships awarded?

some other criteria

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

$  22,239

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?

$  70,932

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

$  92,937

GMAT

Applicants required to take the GMAT?

Yes

Mean : 708
Median: 710

Middle 80% range GMAT scores:

From:  650
To:  760

CLASS OFFERINGS

Average students in a full-time MBA core class:

67

Average students in a full-time MBA elective class:

42

Elective courses available to full-time MBA students:

139

Electives that have been added to the full-time program since June 30, 2008:

Islamic Finance
Microstructure of Foreign Exchange Markets 2
International Action Learning Lab
Coaching for Leaders and Managers
Foundations of Institutional Investment Management

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

2003

Concentrations and specializations offered to full-time MBA students:

Accounting

Consulting

E-commerce

Economics

Entrepreneurship

Finance

General Management

Industrial Management

International Business

Management Information Systems

Manufacturing and Technology Management

Marketing

Operations Management

Organizational Behavior

Real Estate

Strategy

Supply Chain Management

Tax

Technology

Joint-degree programs offered to full-time MBAs:

MBA/Meng (Engineering - Manufacturing Management)

Other

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

No

FACULTY

Faculty employed by the B-school:

98

Full-time faculty

Tenured: 62
Non-Tenured: 36

Adjunct/Visiting Faculty

Women on Faculty

Tenured: 8
Non-Tenured: 11

Minority Faculty

Tenured: 6
Non-Tenured: 15

International Faculty

Tenured: 5
Non-Tenured: 21

Faculty with PhDs

Tenured: 62
Non-Tenured: 36

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

Entrepreneurship

Environmental

Finance

High Tech

Investment Banking

Marketing

Media & Entertainment

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Gay/Lesbian/Bisexual

Partners/Family

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 33  %
Lecture: 33  %
Other: 33  %

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

Is there a wireless network in main B-school buildings?

Yes

Technology improvements in the last three academic years:

Wired network upgraded to 1GB (switched) to the desktop. Wireless access points increased 5 fold. Classroom technology infrastructure/AV upgraded in 12 classrooms Acquired software products and licenses from Microsoft, Adobe, etc. Microsoft Vista and the latest versions of MS Office deployed to all faculty, staff and students. Microsoft Exchange and a Blackberry Enterprise Server (BES) deployed. New research computing resources deployed – servers added to research grid, disk storage capacity significantly increased, software added, etc. Network file storage (SAN) upgraded to provide more shared/network based file storage. More team and collaborative technology deployed, including Microsoft SharePoint, and shared flat-panel displays in all study rooms. A Behavioral Lab built to support teaching and research. An effort is underway to redesign the MIT Sloan web site. A new building is being constructed to house all Sloan faculty with state of the art, technology enhanced classrooms and study spaces.

ALUMNI

Living MBA alumni:

19,824

Active MBA alumni clubs

32

Countries in which MBA clubs exist

17

Living MBA alumni who gave in past year:

22 %

Mean gift from MBA alumni:

$  900

Median gift from MBA alumni

$  125

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

No

Business School Endowment

$  668,000,000

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:

https://alum.mit.edu/

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

http://mitsloan.mit.edu/alumni/

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 77  %
Graduates not seeking employment: 16  %
Graduates for whom you have no information regarding employment: 7  %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 47  %
Percentage who were continuing their education (after graduation): 10  %
Percentage who were postponing their job search: 1  %
Percentage who were starting their own business(es) : 40  %
Percentage who were not seeking employment for other reasons: 2  %

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

Destination: New York Banking Day
Month: October
Amount Paid By School: Partial
Destination: Hong Kong Banking Trek
Month: January
Amount Paid By School: None
Destination: Silicon Valley Trek
Month: January
Amount Paid By School: None
Destination: Media/Entertainment LA/NY/Las Vegas
Month: January
Amount Paid By School: None
Destination: London Banking Days/VCPE Trek
Month: November
Amount Paid By School: None

Primary Source of Job Offer

School-facilitated activities: 75  %
Graduate-facilitated activities: 23  %
No information provided by graduate: 2  %

Job Offers for 2008 graduates:

Received first job offer by graduation: 92  %
Received first job offer in three months following graduation: 4  %
Did not report having received a job offer: 4  %

Top recruiting firms and the number of full-time MBAs hired in the past 12 months:

Job-accepting graduates who received a signing bonus:

74 %

Mean and median base salary, signing bonuses and other compensation for most recent employed graduates:

Mean base salary for most recent graduates: $  111,184
Median base salary for most recent graduates: $  113,000
Mean signing bonus for most recent graduates: $  24,828
Median signing bonus for most recent graduates: $  20,000
Mean other guaranteed compensation for most recent graduates: $  24,981
Median other guaranteed compensation for most recent graduates: $  24,500

Graduating students who accepted jobs in the following functional areas:

Consulting: 38  %
Finance/Accounting: 27  %
General Management: 8  %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 18  %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 8  %
Other: 1  %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 1  %
Consulting: 30  %
Consumer Products: 6  %
Financial Services: 30  %
Manufacturing: 5  %
Media/Entertainment: 1  %
Non-Profit: 1  %
Petroleum/Energy: 2  %
Pharmaceutical/Biotechnology/Health care Products: 4  %
Technology: 18  %
Other: 2  %

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

Asia: 8  %
Latin America and the Caribbean: 1  %
North America: 82  %
Oceana: 1  %
Western Europe: 8  %

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

Northeast: 48  %
Mid-Atlantic: 5  %
South: 2  %
Southwest: 1  %
Midwest: 5  %
West: 20  %
Canada: 1  %

Top Companies - Internships:

Internships awarded that are paid:

98 %

Mean and median intern compensation per week:

Mean :  1,767
Median:  1,828

Average internship length in weeks:

10

SCHOOL COMMENTS

School Comments:

N/A