Researching the university you intend to attend is necessary before you apply for admissions. For instance, once you’ve decided to attend sloan university you should be aware of the university’s MBA acceptance fee.
Read on to find out the latest information on mit sloan mba acceptance rate 2020, harvard mba acceptance rate & mit mba acceptance rate 2020. You will also find more recent information on kellogg mba acceptance rate in related posts on infolearners.
MIT Sloan MBA Acceptance Rate
MIT is one of the most selective business schools in the top ten after Stanford and Harvard. The MIT MBA acceptance rate is only 13%, however several factors can influence your chance of admission at Sloan. Known for its philosophy of ‘learning by doing’ MIT Sloan School of Management, the business school of MIT, offers a collaborative and creative environment that fosters personal and professional growth.
Situated just across the Charles River from the city of Boston, MIT Sloan has long sought to push the envelope of business education in its MBA program. An emphasis on an innovative and experiential approach to business education in this sense is greatly aided by its links to the wider MIT community and expertise.
To get admission in MIT Sloan, applicants from around the world give their best shot during the admission season. MIT Sloan has a low acceptance rate of 11.6% and a considerably high yield rate of 60.3%. This means, one certainly needs to stand out in all aspects of one’s application to be able to secure a seat at MIT Sloan. That’s where the GMAT comes into the picture.
MIT Sloan’s MBA Program
MIT Sloan’s class profile
|Acceptance rate (%)||11.6|
|Avg. work experience||5|
|Female students (%)||42|
|International students (%)||38|
MIT Sloan is the third most competitive school in the US, with an acceptance rate of 14.6 percent. The MBA program has one of the largest entering classes in the country with 409 students recently enrolled, giving more applicants the opportunity to embark on a top b-school journey.
MIT Sloan offers two full-time MBA programs – the flagship MIT Sloan full-time MBA program, completed over two years, and an immersive, one-year, full-time Sloan Fellows MBA program aimed at mid-career executives. The school focuses on “innovation in practice and research” and has originated many of today’s most influential theories of finance and management.
The flagship MIT Sloan full-time MBA is a two-year residential program and the most popular MBA offering. It combines classroom discussion led by expert faculty with collaborative, hands-on projects hosted by global organizations. Students can customize their curriculum with MBA Tracks in Enterprise Management, Entrepreneurship and Innovation, and Finance.
Following MIT Sloan tradition, in the first semester, students are grouped into six cohorts where they’ll tackle course challenges together and create long-lasting professional bonds.
MIT Sloan’s MBA application
The selection for MIT Sloan’s MBA cohorts is competitive. The school says it welcomes applications from graduates from all educational areas, including the humanities, the social and physical sciences, business and engineering.
As part of their application, candidates are required to submit a cover letter, a one-page resume, a letter of recommendation, test scores, academic transcripts, an organizational chart of their department and company, and a video statement.
In the one-minute video statement – the most unique part of the application process – applicants need to introduce themselves to their future classmates, tell recruiters about their past experiences and explain why MIT Sloan is the best place for them to pursue their postgraduate degree.
Jeff Carbone said: “We want to get to know our applicants better. Applicants should be themselves. Sometimes they feel the need to fit a mold of what they think we are looking for. That is not the case. We are looking for people from a variety of backgrounds and who are pursuing their passions.”
MIT Sloan’s graduate employability
According to QS data, MIT Sloan has one of the highest employment rates in the US, with 95 percent of MBA graduates landing a job after graduation.
The MBA Class of 2019 boasted a median base salary of US$140,000, with a median signing bonus of US$30,000. According to MIT Sloan data, 45 percent of job-seeking graduates accepted positions at top employers, including Bain & Company and IBM, while 55 percent accepted opportunities at large, mid-sized and start-up companies.
Most MIT Sloan graduates advance in the consulting, technology and finance industries.
Undergraduate Majors in MIT Sloan MBA Program
The undergraduate majors represented in MIT’s MBA program are STEM (43%), Economics / Business (35%), and the Humanities / Social Sciences 12%.
Top Undergraduate Universities
The undergraduate universities most represented in MIT’s MBA class profile are:
- Harvard University
- Cornell University
- Dartmouth College
- The University of Pennsylvania
- University of California, Berkeley
- Duke University
- Tufts University
- Princeton University
- Brown University
- Yale University
More Acceptance Rate Pages:
- Kellogg Acceptance Rate
- Chicago Booth Acceptance Rate
- Columbia Acceptance Rate
If your undergraduate college is listed above, that means that MIT Sloan has accepted many applicants with your education background in the past. It also shows that candidates who have gone to these schools have considered applying to Sloan, and it is one indication that the business school has found students who have completed their undergraduate education at these universities to be successful.
MIT Sloan’s Top Pre-MBA Industries
MIT’s top pre-MBA industries are consulting (22%), financial services (17%), and tech / media / telecommunications (16%).
Looking at the pre-MBA industries shows you whether your profile is well-represented at MIT Sloan. Don’t worry if you don’t see your industry on the list—there might not be many students enrolled from your industry simply because many candidates didn’t apply to the program in the first place. The same goes for the pre-MBA employers data we’ve provided below.
Top Pre-MBA Employers
The pre-MBA companies that are most represented in MIT Sloan’s MBA class are:
- Boston Consulting Group (BCG)
- McKinsey & Company
- Bain & Company
- US Army
- US Navy
- Goldman Sachs
- JPMorgan Chase & Co.
What does MIT Sloan value?
MIT Sloan values impact-driven leadership. They strive to cultivate leaders who are motivated to innovatively tackle social problems. For instance, as an MBA student, you can obtain a Sustainability Certificate, where you will develop a fundamental understanding of sustainability. MIT Sloan also hosts the Breaking the Mold hackathon, where the Sloan community hacks for solutions in diversity, equity, and inclusion.
Scores and recs
Just like other top programs, MIT Sloan will certainly take test scores, undergraduate GPA, and years of work experience into consideration. Last year, the average incoming Sloan MBA student had a 720 GMAT score and a 3.49 undergraduate GPA.
Scores are important, Lahiff says, but they’re not the be–all and end–all.
“They want you to have a good working foundation and that breadth of experience before you come into the program,” she says. “You need to be able to contribute to the class discussions and bring something to the table.”
One thing Lahiff says could make or break your application, however, is your recommendation letter. Your recommender needs to be able to attest to your skills and your leadership through specific examples.
“The best recommender is someone who is going to invest the time to write a detailed recommendation, who is your champion for you pursuing business school, who understands why you want to go, who has worked with you closely enough,” Levenson adds.
Compiling a strong written application (and your 60-second video) will set you up for the opportunity to be invited to interview with an MIT Sloan admissions official. Going into each application cycle, there is no set number of applicants who will be asked to interview, Levenson says.
The interview for MIT Sloan’s full-time MBA program primarily includes behavioral questions. The best way to prepare for the interview, admissions experts say, is to be introspective. Think of examples and stories that illustrate your leadership skills and times when you’ve made an impact.
MIT Sloan wants to see evidence of applicants living out their mission statement: “To develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.”
“Today’s problems are big and complex,” Levenson says. “They require lots of different skill sets and lots of different people with different backgrounds and perspectives.”
MIT MBA GMAT Scores: A 5-Year View
Although no average GMAT score for MIT Sloan MBA students was reported for the class of 2022, Sloan did publish a couple of other important metrics: the median GMAT score and the GMAT score range of the middle 80% of the incoming class. And we do have average GMAT scores for previous years, so there is plenty to analyze for those wondering how high they may need to score on the GMAT for MIT to seriously consider their candidacy.
Let’s take a look at what we know about MIT MBA GMAT scores over the past 5 years:
So, GMAT scores have remained fairly consistent over the past 5 years, with the median and average GMAT scores staying in the 720 to 730 range. Likewise, the middle 80% of the GMAT score range has been pretty steady, topping out at 760 and never dipping lower than 680.
Note that the “middle 80%,” or “mid-80%,” as it’s also called, is the GMAT score range within which 80% of people in a school’s class scored, with 10% of the class scoring higher than that range and 10% scoring lower. You can read more about the middle 80% in this article about what schools consider a good GMAT score.
Now, as you can see, the mid-80% represents a fairly wide GMAT score range — in the case of the class of 2022, an 80-point swing. And we know that the mid-80% does not represent the full range of GMAT scores of admitted MBA students; 10% of the class of 2022 scored lower than 680 (how much lower, we don’t know), and 10% of the class scored higher than 760.
The following are general requirements you should meet to apply to the MIT Sloan PhD Program. Complete instructions concerning application requirements are available in the online application.
- Bachelor’s degree or equivalent
- A strong quantitative background (the Accounting group requires calculus)
- Exposure to microeconomics and macroeconomics (the Accounting group requires microeconomics)
One excellent resource that we recommend is A Guide to Business PhD Applications by Abhishek Nagaraj (PhD 2016).
mit sloan mba requirements
- Statement of PurposeYour written statement is your chance to convince the admissions committee that you will do excellent doctoral work and that you have the promise to have a successful career as an academic researcher.
- GMAT/GRE ScoresWe require either a valid GMAT or valid GRE score. Your unofficial score report from the testing institution is sufficient for application. If you are admitted to the program, you will be required to submit your official test score for verification.
- We do not have a minimum score requirement. We are not offering pandemic-related test waivers, though at-home testing is allowed. Registration information for the GMAT (code X5X-QS-21) and GRE (code 3510) may be obtained at www.mba.com and www.ets.org respectively.
- TOEFL/IELTS ScoresWe require either a valid TOEFL (minimum score 577 PBT/90 IBT ) or valid IELTS (minimum score 7) for all non-native English speakers. Your unofficial score report from the testing institution is sufficient for application. If you are admitted to the program, you will be required to submit your official test score for verification. Registration information for TOEFL (code 3510) and IELTS may be obtained at www.toefl.org and www.ielts.org respectively.
- The TOEFL/IELTS test requirement is waived only if you meet one of the following criteria:
- You are a native English speaker.
- You attended a four-year undergraduate program in the United States, United Kingdom, Ireland, Canada
- Australia or New Zealand and are a graduate of that program. Please do not contact the PhD Program regardingwaivers, as none will be discussed. If, upon review, the faculty are interested in your application withmissing required TOEFL or IELTS score, we may contact you at that time to request a score.
- TranscriptsWe require unofficial copies of transcripts for each college or university you have attended, even if no degree was awarded. If these transcripts are in a language other than English, we also require a copy of a certified translation. In addition, you will be asked to list the five most relevant courses you have taken.
- Letters of RecommendationWe require three letters of recommendation. Academic letters are preferred, especially those providing evidence of research potential. We allow for an optional fourth recommendation, but no more than four recommendations are allowed.
- ResumeYour resume should be no more than two pages. You may chose to include teaching, professional experience, research experience, publications, and other accomplishments in outside activities.
- Video EssayA video essay is required for the Accounting research group and optional for the Marketing and System Dynamics research groups. The essay is a short and informal video answering why you selected this research group and a time where you creatively solved a problem. The video can be recorded with your phone or computer, and should range from 2 to 5 minutes in length. There is no attention — zero emphasis! — on the production value of your video.
Nondiscrimination Policy: The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment.