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MIT Sloan School of Management
N/A(0)
VerifiedPublicEstd. 1914
Founded
1914
Type
Public
About MIT Sloan School of Management
Sloan School of Management was founded in 1914 and is the business school of the Massachusetts Institute of Technology (MIT). MIT Sloan campus is located along the Charles River in Cambridge, Massachusett, USA.The school has a total enrollment of 1,300 students out of which 43% of international students currently studying here. The university ranks among the top 10 as per most ranking agencies. Recently, LinkedIn has ranked the university #5 Top MBA schools 2024 globally.
MIT Sloan School of Management is among the most prominent business schools in the USA. Programs at MIT Sloan such as Master of Finance and Master of Science in Management Studies have international student populations as high as 87% and 96% respectively. The school has global programs through which it maintains public and private collaborations with 53 locations across 6 continents.
Ranked #1 as the best value school by US News 2022, MIT is one of the most affordable school in USA. The average tuition Fee at MIT sloan for UG programs is 22.16 lakhs. Whereas the tuition fee for PG programs at MIT Sloan ranges from 60.75 lakhs to 91.15 lakhs. The cost of living in USA for an international students can cost around 31.3 lakhs per year.
Likes -
- Impressive Rankings -MIT Sloan is considered one of the best business schools in the USA and always secures impressive rankings. Impressively, 7122 applicants applied for the MBA program of MIT Sloan last year.
- High international student rate - The school has a large ratio of international students. There are overall 43% of international students currently studying here.
- Impressive alumni profile - Alumni of the school are founders of renowned companies like PillPack, E*Trade, Akamai, Gartner, Genentech, HubSpot, InVivo Therapeutics, Zipcar, etc.
- Partnership with major MNC’s- Several Fortune 500 companies like Amazon, Facebook, Google, Microsoft, Pfizer, etc. have offices in Cambridge that provide students with opportunities after graduation.
Dislikes -
- Selective Admissions - The institute is highly competitive with an acceptance rate of 4.1%. It is hard to get admission into MIT Sloan.
- Limited Academic Programs - MIT Sloan offers a limited number of academic options. There are not many streams and majors to choose from in the school since it is mainly focused on business-centric operations.
- Expensive - the tuition of the university is a little bit expensive for international students. The total cost of attendance at the university is greater than other business schools in the USA.
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Sloan School of Management Rankings
With 30,200 active alumni-funded companies, the rapidly increasing entrepreneurial ecosystem at the university is highly ranked. The rankings of Sloan School of Management are worth considering before applying:
- The college has been ranked 1st among U.S. universities by Times Higher Education Ranking.
- Recently LinkedIn has also ranked the university #5 among top business schools of 2024 globally.
- It is ranked 1st in Masters in Business Analytics program and 4th in Masters In Finance program under World University Rankings by QS Ranking.
- The U.S. News and World Report have ranked the school as 5th in Best Business School.
A comparison of MIT Sloan with other business schools is given below-
| MIT Sloan | Harvard Business School | Columbia Business School |
|---|---|---|
| 1st in Business Analytics | 10th in Business Analytics | 1st in Business Analytics |
| 1st in Information Systems | - | - |
| 5th in Finance | 7th in Finance | 4th in Finance |
| 9th in Executive MBA | - | 4th in Executive MBA |
| 3rd in Entrepreneurship | 4th in Entrepreneurship | - |
| 1st in Production / Operations | 11th in Production / Operations (tie) | 11th in Production / Operations (tie) |
Sloan School of Management Campus
MIT Sloan campus is located in Cambridge, Massachusetts. It is surrounded by progressive industries, lively community and entertainment, and incredible research facilities. To make students’ life easier, the University offers various services and amenities on-campus:
- The School has a range of restaurants, music and art venues, and entertainment facilities.
- Around 450 organizations are run by students, co-curricular development clubs including Outing Club, the Solar Electric Vehicle Team, the Debate Team, the FM local broadcasting station (WMBR), the MIT Society for Women Engineers, and the Student Art Association, and Model UN among more.
- The School is also active with a number of cultural groups including the Black Students’ Union, the Asian American Association, the South Asian American Students Association, and more.
- Additionally, various services like Housing, Dining, Medical services, and Parking facilities are available at MIT Sloan School.
Sloan School of Management Accommodation
There are 8 graduate residences located on-campus. Sloan School of Management provides a wide variety of residential halls suitable for both independent students and families of students. All first-year undergraduate students are required to live on campus.
Undergraduate Housing Rates
| Residence Hall | Single | Double | Triple | Quad |
|---|---|---|---|---|
| Baker House | 5.21 Lakh | 4.61 Lakh | 4.13 Lakh | 3.64 Lakh |
| Next House | 4.87 Lakh | 4.30 Lakh | 3.85 Lakh | - |
| East Campus | 4.35 Lakh | 3.84 Lakh | - | - |
| McCormick Hall | 5.21 Lakh | 4.61 Lakh | 4.13 Lakh | - |
| Maseeh Hall | 5.21 Lakh | 4.61 Lakh | 4.13 Lakh | 3.64 Lakh |
| Burton-Conner House | 5.21 Lakh | 4.61 Lakh | 4.13 Lakh | - |
| New House | 5.21 Lakh | 4.61 Lakh | - | - |
| New Vassar | 5.21 Lakh | 4.61 Lakh | - | - |
| MacGregor House | 4.87 Lakh | 4.30 Lakh | - | - |
| Simmons Hall | 5.21 Lakh | 4.61 Lakh | 4.13 Lakh | - |
| Random Hall | 4.35 Lakh | 3.84 Lakh | - | - |
Graduate Housing Rates (in INR)
| Residence | Single Room\Efficiency | 1 Bedroom Apartment | 2 Bedroom Apartment | 3 Bedroom Apartment |
|---|---|---|---|---|
| 70 Amherst | 71.4 K | 1.62 lakh | 1.15 lakh | - |
| Ashdown house | 1.34 lakh | - | 1.15 lakh | 83.3 K |
| The graduate tower at site 4 | 1.80 lakh | 2.09 lakh | 2.54 lakh | - |
| Edgerton house | 1.44 lakh | 1.70 lakh | 1.15 lakh | 95.4 K |
| Sidney -Pacific | 1.34 lakh | - | 1.12 lakh | - |
| Tang hall | - | - | 85.5 K | 87.4 K |
| Westgate apartments | 1.26 lakhs | 1.47 lakh | 1.65 lakh | - |
| The warehouse | 1.34 lakh | - | - | - |
Also Check: Student accommodation in USA
Off-campus accommodation - The university office also helps its students by connecting them to off-campus housing resources. Students can see the listing on www.mitoffcampus.com or mail to [email protected] for queries.
Sloan School of Management Programs
MIT Sloan provides bachelor's, master's, and doctoral degrees. It provides 11 degree and non-degree programs to its undergraduate students to meet various student preferences. The school also offers an Executive Program in General Management which is a 9-month program.
The Sloan School of Management also collaborates with other MIT academics and Harvard University to offer joint degree programs in which candidates can pair their preferred area of interest at once and get a dual degree.
Sloan School of Management Application Process
Students applying for any program at the Massachusetts Institute of Technology must follow the guidelines for admission to the Sloan School of Management.
Application Portal: Application Fee: 75 USD- 250 USD.
Admission Requirements for UG Programs:
- Students must provide their GPA scores, along with previous transcripts and results.
- Proof of English language proficiency
- Essays
- Passport photocopy for U.S. visa documentation.
- Three letters of recommendation.
- Scores of ACT/ SAT
- Financial support documentation (mandatory for F-1 visa applicants):
- A bank statement or letter of scholarship
- Privately sponsored students must provide a declaration of such financial support.
- An official letter from the Government must be submitted for government-sponsored students.
Admission Requirements for PG Programs:
- GMAT/ GRE scores
- A resume
- Take an essay question.
- Submit video questions.
- Previous transcripts and study records.
- 3 letters of recommendation.
- English Language Proficiency Score
- TOEFL iBT - 90
- IELTS - 7.0 Band
- PTE - 65
Sloan School of Management Cost of Attendance
The cost of attendance refers to the average value of the overall expense of one year attending a particular school. The cost of attendance to live in the US when enrolled at MIT Sloan School of Management is given below:
| Category | Annual Tuition Fee (in INR) |
|---|---|
| Fee | 1.98 lakh |
| Books and Supplies | 1.96 lakh |
| Computer | 1.54 lakh |
| Food | 4.80 lakh |
| Personal Expenses (including health insurance) | 7.17 lakh |
| Housing | 12.12 lakh |
| Transportation | 1.73 lakh |
Sloan School of Management Scholarships
MIT Sloan School of Management offers around 7 financial aid alternatives for students willing to study at MIT.
- Financial funding basically includes personal savings, grants, bursary awards, funding by the government or employer or scholarships to study in the US
- Fellowships are only granted to accepted students with exceptional academic records, career accomplishments, and academic potential.
- A number of fellowships available at the School include Jim and Sara Anderson Fellowship, Antonios and Ioannis Angelicoussis Foundation Fellowship, Linda Archer Cornfield Fellowship, and many more.
- Some of the scholarships and financial assistance options available to students of the Master of Finance and their eligibility criteria are mentioned below:
| Scholarship | Eligibility Criteria |
|---|---|
| Aker Scholarship | Valid CV, marks, letters of recommendation, and references Candidates must submit an application letter of 1.5 to 2 pages; Candidates must submit a letter of intent and a personal statement showing why they should be allowed the scholarship. |
| Fundación Gondra Barandiarán scholarship | The scholarship allows full tuition for two years; The candidates for MBA must be accepted in round 1 or in round 2; The applicants for MBA and MFIN must apply within 20 days of their admission decision for FGB bursaries. |
| McKinsey Award | Awarded to first-year MBA students; Three selected students are awarded 10,000 USD each; Candidates are selected on the basis of admission application, interview, academic records, personality, professional experience, and contribution to the community. |
Sloan School of Management Alumni Network
MIT Sloan School Alumni is equipped with various kinds of benefits and perks. A few of these are mentioned below for the reference of potential applicants:
- Alumni members are offered Infinite Connection service for keeping personal and professional data up-to-date and also keep themselves connected with fellow alumni members.
- A number of campus resources are also accessible to the members, such as Zesiger Fitness Center, MIT Alumni ID Card, and more such services.
- Alumni members can borrow material and use MIT libraries at a special rate, with a Borrowing Card for libraries.
A number of prominent leaders and individuals have been produced at the MIT Sloan School of Management, including
- Carly Fiorina CEO of Hewlett Packard,
- Gideon Gartner, Gartner Founder
- Nitin Nohria, Dean of the Harvard Business School
Sloan School of Management Placement
MIT Sloan Management School offers opportunities for placement right after graduation to job-seeking. MIT Sloan School of Management has a Career development office where students, graduates, and alumni can learn and enhance their professional skills to start their careers. Amazon, Bain & Company, McKinsey & Company, and The Boston Consulting Group are some of the Top Employers of MIT Sloan. MIT Sloan currently has 96% placement success.
Below is the impressive master of finance graduates employment report highlights-
- 100% of finance graduates received an offer for employment within 6 months of graduation.
- 100% of Masters of Finance graduates got full-time job offers according to the latest report.
- 88% of international graduated students got jobs.
Below is a table depicting Sloan School of Management graduates and alumni working as professionals in various sectors along with their salaries:
Below is a table depicting the salary Sloan School of Management graduates get depending on their degree and qualification:
| Degree | Average Salary in INR |
|---|---|
| Masters in Management | 1.38 Cr |
| Executive MBA | 1.27 Cr |
| MBA | 1.25 Cr |
| Doctorate | 1.13 Cr |
| Ph.D. | 1.08 Cr |
| Masters in Science | 95 Lakh |
The best-paying degree at Sloan School of Management is Masters in Management with a graduate earning an annual average of 1.37 crores whereas at the lowest are alumni with Masters in Finance degree earning an annual average salary of 70.8 lakh. Under the employment sector, the Healthcare and Alternative Medicine division graduates benefit at an average annual salary of 2.08 crores. Architecture, Real Estate & Design jobs major graduates have the lowest paid job of 55 lakh annual salary.
Courses & Fees
Compare courses in a cleaner, easier way
Explore tuition, duration, language, eligibility, and exam requirements without the clutter.
Courses
14
Fee from
₹38,10,741
Exams
GRE · GMAT
Showing 3 bachelors
Overview
Degree TypeBachelor
Duration4 years
Study ModeFull Time
LanguageEnglish
Fees
Tuition FeeINR 60.2 L/Yr
Native FeeUSD 64,310 /Yr
Estimated Total₹2343560
Fee trendTuition progression
Admission Process
Admissions at MIT Sloan School of Management are extremely selective and competitive with an acceptance rate of only 4.1%. MIT Sloan do not have a minimum score requirement. However the average GMAT score and GPA of the admitted students at MIT Sloan is 720 and 3.6 respectively.
- Application Deadline: The deadline for graduate programs at MIT Sloan varies. MBA and Executive MBA have 3 application rounds. The deadline for the Master of Business Analytics and MSc in management studies program is January 10 and February 15, respectively.
- Application Fee: Application fee for programs at MIT Sloan is different from other schools at MIT. The normal application fee is USD 75. Application for MIT Sloan is USD 250.
- Additional Requirement: Work experience is not required for admission at MIT Sloan, although the admitted students at the university have an average of five years of work experience.
- Result Declaration: Notification timeframes from the MIT Sloan School of Management may vary. Most of the programs notify applicants between January and March.
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Highlights
MIT Sloan School of Management Admission Deadlines
Applicants can apply only once a year. The admission deadlines for undergraduate programs are given in the table below:
| Application | Deadline |
|---|---|
| Early Action | November 1 |
| Regular application | January 5 |
MIT Sloan School of Management has different deadlines for PG programs. The deadline for MIT Sloan graduate programs is given below:
| Program | Deadline |
|---|---|
| MBA | Round 1: September 28 Round 2: January 19 Round 3: April 12 |
| Master of Finance | January 5 |
| Master of Business Analytics | January 10 |
| MSc in Management Studies | February 15 |
| Executive MBA | Round 1: January 3 Round 2: March 14 Round 3: May 30 |
- All students who are applying for financial aid should submit materials by February 15
- Early Action applicants will receive an admissions decision in mid-December.
- Regular Action students will receive an admissions decision in mid-March.
- Admitted students must inform MIT of their enrollment decision by May 2.
MIT Sloan School of Management International Admissions
International undergraduate students can’t attend MIT Sloan directly but they can attend coursework (Course 15) there. They choose a major here at the end of their first year while graduate students are admitted directly to MIT Sloan. The application procedure for domestic and international students is almost similar except for English proficiency. Apart from the academic and standardized test requirements, international students must also fulfill a few additional requirements-
Application:
- Online Portal (Undergraduate)
- Online Portal (Graduate)
Application fee: 75 USD - 250 USD (5,780 Rs.-19,250 Rs. Approximately)
Requirements for application:
- Academic receipts of prior education received
- Standardized test scores
- English language proficiency score
- Responses to short questions as mentioned on the website or the application page
- Letter of recommendation
- Interview (for certain programs)
- I-20 form and F-1 Visa
English Proficiency Test Score
| Test | Minimum Score |
|---|---|
| IELTS | 7.0 |
| TOEFL ( iBT) | 90 |
| TOEFL ( PBT ) | 577 |
Visa Process for International Students
International students require a Visa to legally study and enter the USA as students. Applicants need to complete fill I-20 form to apply for an F-1 visa. The selected applicants will be issued the I- 20 form from the MIT Sloan School of Management. Completion of this form will help the applicants apply for their F-1 student visa. The applicants are required to submit the following documents in order to obtain the I- 20 form
- A valid passport is required along and a valid I-20 form.
- Documentation to demonstrate financial support
- Proof of enrollment or acceptance in the institution ( such as acceptance letter or department letter)
- Receipt of I-901 form (SEVIS fee)
- Sloan school of management recommends that applicants apply 3 months in advance as processing can take time.
MIT Sloan School of Management Undergraduate Admissions
Sloan School of Management provides 11 degree and non-degree undergraduate programs to students for instance in finance, management studies, and business analytics. Students can choose from a range of major and minor concentrations depending on their preferred area of study.
Application: Online Portal
Admission Fee: 75 USD (Approx.5,780 Rs)
Requirements for admission
- Education receipts of secondary school education. Transcripts must be translated in English if they are in any other language from a recognized translation service such as World Education Services (WES)
- Transfer application for students previously enrolled in any other institution
- 2 LORs (1 from a Math or Science Teacher and 1 from Social studies or language teacher
- School profile from the school counselor
- English language proficiency for non-native English speakers
- SAT or ACT scores
MIT Sloan School of Management Graduate Admissions
The institution is well renowned for its Graduation programs in various disciplines such as finance, management and business administration. The application process has several requirements which can further vary depending upon the programs.
Application: Online Portal Application fee: 75 USD - 150 USD (5,780 Rs.-19,250 Rs. Approx.)Requirements for application:-
- A Bachelor’s degree and its official transcripts. Transcripts must be translated into English if they are in another language.
- Letter of recommendation
- A valid GMAT or GRE score
- Essay/ Statement of purpose / Short answers (depending upon program)
- Proof of English language proficiency for non-native English applicants
- Interview (upon selection)
- Resume
Program Specific Requirements For Graduate Courses
| Program | GMAT/GRE | Letter of recommendation | Resume | Work Experience | Video Statement | Essay/ statement of purpose/ short questions response | Other requirements |
|---|---|---|---|---|---|---|---|
| Master of Finance | Required | 3 LORs (1 from an academic source, 1 from professional source and 1 from either) | 1-page resume | Not required | 2 video statements required (1 with introduction and reason to study finance and 1 in response to an open-ended question | 3 short-answer questions to be done ( each maximum 200 words) | None |
| MBA | Required | 1 LOR; Contact information of 2 more referees is required | 1 page resume with Employment and educational history | Requied | 1 video statement ( 1 minute ) | Cover letter that conforms to a standard business correspondence | An outline of internal structure of the department or company in which currently working in an organizational chart; Interview |
| MSc in Management Studies | Required | 2 LORs | Required | Not required | Required | Cover letter required | Interview |
| Master of Business Analytics | Required | 3 LORs ( 2 from academic sources and 1 from supervisor) | Required | Not required | 2 video statements required | Response to essay questions | - |
| Executive MBA | Required | 2 LORs required (1 should be from organization) | Required | Required (minimum 10 years) | Not required | Statement of purpose and Essay | A 1 or 2 page organizational chart that outlines the internal structure of the company working in; Interview |
The institution meticulously selects students based on a series of factors. International applicants must take note of all the specific documents required for application and opt for prior application to adhere to the Visa issuing process time. Once the application is submitted, it is evaluated by a senior admissions official holistically within the proper context. Additional admissions officials review strong submissions and summarize them for the Admissions Committee. These summaries and the submitted application is sent to the selection committee where a final decision is made.
FAQs
Ques. What is the admission process at MIT?
Ans. The step-by-step application process is listed as follows:
- Create a MyMIT account to begin your application and list all the general personal and academic information as requested.
- Provide additional information regarding your test scores and submit your essays and statement of interest, if required.
- Submit your academic transcripts and ACT/SAT score along with a nonrefundable application fee.
- Provide the names of at least 2 recommenders (academic) with their email ids so that a request regarding your recommendations can be made to them.
- Interviews are though not a mandatory part of MIT’s application process but are definitely the most recommended one. An educational counselor of the institute will contact the students regarding the same and the interview shall be scheduled in the month of November or January, depending upon the intake you apply for.
- Send all the supplementary documents like portfolio, etc. to the interest by checking about them on your student dashboard.
Ques. What is MIT Acceptance Rate?
Ans. It is one of the most selective, as well as competitive universities with a very low, admit rate. As per its 2022 admissions, MIT had an acceptance rate of 07.3%.
Ques. What is MIT known for?
Ans. MIT is best known for its programs in engineering and the physical sciences. The other well-known programs at MIT are economics, political science, urban studies, linguistics, and philosophy.
Ques. What GPA do you need to attend MIT?
Ans. Being a very selective university, MIT requires a GPA of 3.5. However, most of the admitted students at MIT have a minimum GPA OF 4.17, which indicates that MIT requires you to be at the top of your class.
Ques. Does MIT require TOEFL?
Ans. International students are required to demonstrate English language proficiency by providing scores of either IELTS or TOEFL. Mentioned below are the minimum scores required to be eligible for admission at the MIT:
| Exam | Minimum Score Required |
|---|---|
| TOEFL iBT | 90 |
| TOEFL pBT | 557 |
| IELTS | 7 |
Ques. What are the general deadlines for international students at MIT?
Ans. The deadlines for programs at the institute vary from program-to-program basis. However, some of the common deadlines for international students are as follows:
| Type of Deadline | Date |
|---|---|
| Early decision | November 1 |
| Final | January 1 |
Placements & Recruiters
MIT Sloan School of Management Placement Details
MIT Sloan School of Management in Cambridge, Massachusetts, United States placement details include salary insights, top recruiters, and hiring trends to help students understand career outcomes and campus opportunities.
Students usually compare highest package, average package, and recruiter profile before applying. This section gives a compact overview of career outcomes and placement visibility in Cambridge, Massachusetts, United States.
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Average Package
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Rankings over the years
Year-wise highlights from global and country rankings available for this university.
2022
Highlights
2022
2022
- Business: #5 in country
- Top source: The Economist
- 1 ranked streams
- Focus areas: Business
- 3 ranking records in 2022
2023
Highlights
2023
2023
- Business: #3 in country
- Top source: US News
- 1 ranked streams
- Focus areas: Business
- 3 ranking records in 2023
2024
Highlights
2024
2024
- Business: #3 in country
- Top source: Financial Times
- 1 ranked streams
- Focus areas: Business
- 4 ranking records in 2024
2025
Highlights
2025
2025
- Best overall country rank: #3
- Overall: #3 in country
- Top source: Financial Times
- 2 ranked streams
- Focus areas: Business, Overall
- 2 ranking records in 2025
2026
Highlights
2026
2026
- Business: #3 in country
- Top source: QS
- 1 ranked streams
- Focus areas: Business
- 1 ranking record in 2026