UNDERGRADUATE Profiles Publish Date 2/26/09

Massachusetts Institute of Technology

Sloan School of Managment

Getting In

PROGRAM BASICS

Undergraduate Program in Management Science

77 Massachusetts Ave
E52-117
Cambridge , Massachusetts 02142

Private Institution

Web site

http://mitsloan.mit.edu/undergrad/

Program e-mail address:

ugprogram@sloan.mit.edu

Program telephone number:

(617) 253-8614

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1914

Length of entire institution:

Four Year

Business program length:

Other

Degrees offered:

Degree/Program Name:
BS Management Science

PROGRAM COSTS

Annual Tuition (Resident):

$ 36,140

Annual Tuition (Non-Resident)

$ 36,140

Cost per academic credit (resident)

$ 565

Cost per academic credit (non-resident)

$ 565

Required fees

$ 250

Books:

$ 1,150

Room and board:

$ 10,860

ENROLLMENT

Full-time undergraduate business student enrollment:

225

Total College enrollment for 2008-09:

10,299

ADMISSIONS

Interviews for entire college:

Recommended

Additional application requirements for entire college:

Non-native English speakers have the option of taking TOEFL in place of SAT Reasoning Test or ACT with Writing. Others must take SAT Reasoning Test or ACT with Writing. All students must take two SAT Subject Tests, one each in math and science.

Upcoming application deadlines for entire college:

Semester: Fall
Deadline: 01-01-09

Freshmen admitted into business program:

Are the freshman admits to the business program required to complete pre-business courses before beginning upper-lever courses in the junior year?

Internal transfers handled by:

Declare business major

Minimum requirements for business program:

Interview to enter business program:

Not required

Additional application requirements for freshman admits:

N/A

Additional requirements for internal transfers:

N/A

Total number of full-time applications for entire college:

13,396

International applicants, entire college, 2008-09:

22 %

Female applicants, entire college, 2008-09:

29 %

Selectivity--applicants admitted to undergraduate business program, 2008-09:

12 %

Yield -- applicants enrolled in undergraduate business program, 2008-09:

66 %

Relative Importance of Application Elements:

Secondary School Record:

Important

Class Rank:

Important

Talent/Ability:

Important

Interview:

Important

Extracurricular Activities:

Important

Volunteer Work:

Considered

Character/Personal Abilities:

Very Important

Application Essay:

Considered

Work Experience:

Considered

SAT/ACT Scores:

Important

Recommendations:

Important

High School GPA:

Important

CLASS PROFILE

Class Profile:

Female: 42 %
International : 11 %

Entering students by age:

Mean: 19.5
Median: 19.4

Citizenship of Entering Students

U.S.: 76 %
Other countries: 11 %
Unknown: 13 %

Percentage of US citizens in entering class who are:

African American: 8.5 %
Asian American: 53 %
Hispanic or Latino American: 8.5 %
White (Non-Hispanic): 26 %
Chose not to report: 4 %

Entering students from the following region:

Northeast: 51 %
Mid-Atlantic: 4 %
South: 13 %
Southwest: 11 %
Midwest : 8 %
West: 11 %
Possessions and territories: 2 %

SAT Scores for full-time entering business students on 1600 scale:

Mean: 1481
Median: 1490

SAT middle 50% range on 1600 scale:

From: 1,418
To: 1,553

ACT Scores for full-time entering business students:

Mean: 33
Median: 34

ACT middle 50% range:

From: 31
To: 35

Percent of Students Who Were In:

Top 10% of high school class

100 %

Top 25% of high school class:

100 %

FINANCIAL AID

Financial aid handled by:

Central financial aid office at the university

Institutional scholarship money distributed to undergraduate business students in previous academic year:

$ 2,906,604

Institutional scholarship money to be distributed to undergraduate business students in current academic year:

$ 3,262,434

Scholarships awarded to students in the business program based on:

Financial need

Other scholarship considerations:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

63 %

Undergraduate business students with full-tuition scholarships 2008-09:

29 %

Percentage of institutional scholarship money distributed to business students based on merit, 2008-09 year:

100 %

Percentage of institutional scholarship money distributed to business students based on need, 2008-09:

0 %

School offers guaranteed loans:

Yes

Financial aid web site

http://web.mit.edu/sfs/

Academics & Lifestyle

PROGRAM BASICS

Freshman retention rate:

98 %

Credit hours required for graduation:

Other degree requirements:

Not applicable

ACADEMICS

Average class size in required business courses:

Average class size in business electives:

Class size:

Classes with fewer than 20 students: 19 %
Classes with 21 to 50 students: 41 %
Classes with more than 50 students: 40 %

Required business courses that reached maximum enrollment by the first day of class, previous academic year:

20 %

Required business courses that had waiting lists, 2007-08:

0 %

CURRICULUM

Number of elective courses available in business program:

130

Year of the last major change to the business program's core curriculum:

1984

Leading areas of study:

Entrepreneurship

Finance

Management Information Systems

Marketing

Statistics and Operations Research

Special programs for business students:

N/A

Business program offers work study or co-op opportunities:

Business program offers study abroad opportunities:

Yes

Study abroad program description:

We have no formal exchange programs, but we offer transfer credit for equivalent coursework.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

via the MIT Public Service Club

Business clubs and extracurricular activities:

Sloan Undergraduate Management Association

FACULTY

Faculty:

Full-time faculty : 98
Adjuncts and visiting faculty: 10
Permanent/tenured professors: 61
Percentage of permanent/tenured professors who are women: 13
Percentage of permanent/tenured professors who are underrepresented minorities: 2

STUDENT LIFE

Freshmen are required to live on campus:

Yes

Business students are grouped in learning communities:

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

Upgrades to classroom infrastructure and AV technology Upgrades to wired and wireless networks in some buildings Development of many new administrative applications including those servicing our Career Development Office activities, our alumni, course bidding activities, CRM needs in Executive Education to name a few. Upgrades of technology in student computing labs and collaboration spaces Deployment of network file services to faculty and staff with the acquisition of an enterprise storage system (SAN) Improvements to network and system security Improvements to educational technology Improvements in the area or emergency preparedness including backup technology Improvements in desktop support services such as the ability to remotely service/administer client machines Improvements in data collection, integration and consolidation Research computing improvements, specifically more disk space, improved processing power, more industry data, etc.

Trading laboratory available:

Yes

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

6,424

Total living alumni:

4,292

Percent of alumni who gave, 2007-08 academic year:

30 %

Mean alumni gift 2007-08:

$ 8,709

Median alumni gift, 2007-08:

$ 130

Prominent alumni:

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

59 %

Seeking full-time employment in business: 97 %
Not Seeking full-time employment in business: 3 %

Number of companies recruiting undergraduate students on campus in previous academic year:

103

Other activities and services provided for business majors:

Resume and cover letter reviews, mock interviews, on-line career service resources, career planning workshops, one-on-one counseling, company information sessions, on-campus recruiting and interviews, career assessments, job and internship postings, career panels, career library, networking with other organizations that provide job fairs, alumni mentoring, and externships.

Job offer results, 2008 graduates:

Received first job offer by graduation: 100 %
Received first job offer in three months following graduation: 0 %
Received first job offer more than 3 months after graduation: 0 %
Did not report having received a job offer: 0 %
Accepted first job offer by graduation: 97 %
Did not report having accepted a job offer: 3 %

Top hiring firms:

JPMorgan Chase & Co.
Morgan Stanley
UBS Investment Bank
Booz Allen Hamilton
Goldman Sachs Group
Lehman Bros.
McKinsey & Company
Target Corp.

Altman Vilandrie & Co.
AXA Financial
Capital One
Carnegie Endownment for International Peace
Constellation Commodities
DE Shaw
Digitas
LEK Consulting
Oliver Wyman
Welling Management Co.
Self-employed

Graduate compensation:

Mean base salary: $ 63,741
Median base salary: $ 60,000
Mean signing bonus: $ 12,048
Median signing bonus: $ 10,000

Grads accepted jobs in following functional areas:

Consulting: 23 %
Finance/Accounting: 68 %
Operations/Production: 6 %
Other: 3 %

Grads accepted jobs in following industries:

Consumer Products/Retail: 3 %
Consulting Services: 23 %
Financial Services: 65 %
Other: 3 %

Percentage of job acceptances, US and Canada:

US: 100 %

Grads accepted jobs in the following US regions:

Northeast: 63 %
Mid-Atlantic: 11 %
Midwest: 7 %
US Possessions/Territories: 19 %

Number of companies recruiting interns on-campus, 2007-08 academic year:

Top internship recruiters, 2007-08:

Graduate Comments

It teaches the fundamentals very well, often incorporating a rigor that hardly any other school can match. Additionally, it adds an entrepreneurial tilt to things that is extremely unique to MIT and Sloan. Finally, the student body is often, like myself, also involved in other pursuits besides solely business and that leads to a more interesting atmosphere particularly in today's world. Purely business students are not as useful as business students who have interaction with technology.

'I am able to take classes with Sloan MBA students, Sloan fellows, other engineering students, and other graduate students. It brings many diverse perspectives to the class and makes my learning more flavorful. I also love how I can explore entrepreneurship and undergraduate research opportunities, as it is one of MIT's strengths. The alumni are also extremely responsive and open to helping students.

'Unlike other schools, who have "strong" business programs and a lackluster (relatively) overall university, MIT students studying business are, at the end of the day, students at MIT. We have the best economics, math, and science programs which we are able to combine with our business studies. You can study accounting perfectly fine literally anywhere, but taking "6.041: Probabalistic Systems Analysis" in the electrical engineering department of MIT (as a requirement for a management major) is truly unique and challenges each business student to expand their mind and work their butt off. MIT is a rigorous, challenging institution, making its management program an extraordinary opportunity.

Good mix of "hard" quantitative/analytical skills and "soft" communication/leadership skills.

The coupling of a first-class business program and a school with the best of everything, attracting the smartest students in the world, makes for a dynamic, fast-paced environment that would be impossible to create anywhere else. The opportunities for entrepreneurship during and following graduation are unmatched.

The business program at Sloan prepares you for the real world by building a very quantitative skill set, and teaching using real life case studies. Additionally, the students enrolled in the program are top-notch, which leads to diverse and engaging classroom discussions.

MIT's Sloan school focuses a lot on innovation and staying on the cutting edge of business. It can support that claim by its existing ties to other MIT departments and industry leaders.

The integration of students from different disciplines - MIT is renowned for its math, science and engineering. All of these incredibly intelligent people take classes with Sloan Management students, and it makes for a very collaborative and diverse classroom experience.

The world has become extremely quantitative and MIT is positioned to blend the best of engineering and technology with financial and business innovation. The education here is second to none and I believe its quality will only improve in the coming years as the rest of the world further values an interdisciplinary engineering and business background.

Because our business program is fully integrated with MIT, all of our students have to be intelligent enough to be accepted by MIT as a whole. Thus, the level of intelligence of my peers is very high and we can think about problems and solutions in significant depth.

I think the Sloan undergraduate program is great, being a marketing concentration (which is not too popular), most of my classes are MBA classes, and undergrads are a minority. I feel like we are getting a somewhat MBA education and it is very worthwhile.

MIT is very competitive and you may see many surveys that downplay the quality of our management school. This is because people like me are double majors in engineering and management, and management is ALWAYS easier (no matter what school). At MIT that's even more true considering we're the #1 engineering school.

Working as an intern at a hedge fund with many individuals who formerly worked at Goldman Sachs, I have found that "MIT" is the only school name that has elicited a strong reaction indicating that they are impressed. MIT is one of the increasingly few universities you can't coast through for four years (none of the other ones have undergraduate business schools).