MIT Sloan School of Management (commonly known as MIT Sloan) is one of the world’s top management schools, located in Cambridge, Massachusetts. Established in 1914, MIT Sloan is best known for its emphasis on innovation in practice and research. The excellent motivation and academic coaching they provide have motivated students over the years to come up with some brilliant inventions.
So, let’s look at the MIT Sloan School of Management in detail.
MIT Sloan School of Management offers around 11 degree and non-degree programs, and the student community ranges from undergraduates to highly experienced executives. The programs offered are mostly related to various fields of study such as business, management, economics, finance, business administration, business analytics, and so on. MIT Sloan MBA is one of the most coveted programs among students all around the world. Besides, the business school has nine executive education programs that target experienced professionals who wish to strengthen their careers.
The major courses offered by the university include:
- Master of Finance
- Master of Business Analytics
- Master of Science in Management Studies
- Executive MBA and more
What to Expect?
The mission of MIT Sloan is to guide and develop students who could be the future principled, innovative leaders who improve the world and generate ideas that advance management practice. Therefore, the b-school trains you based on the latest technologies, introduces you to groundbreaking management concepts and helps you learn a host of new strategies, tactics and models that you can apply to the biggest challenges in your career and drive your organization forward. Moreover, you will do all this through practical study methodologies as MIT believes in men’s et manus (to mind and hand).
The curriculum for the courses is designed in a way that it encourages students to apply concepts, which they have learned in classrooms, to real-life business simulations. Teaching strategies encompass case methods, seminars, lectures, hands-on action learning, etc. The MIT general management program is a multi-modular journey with three terms of on-campus learning and two terms of off-campus experiences. The courses help the students excel academically, professionally and personally.
The entry requirements differ based on the programs you choose. However, the general requirements for an MBA course in MIT Sloan include:
- A Bachelor’s degree in any field
- Scores of English language proficiency test (TOEFL, IELTS, etc.)
- Scores of entrance exams (GMAT, GRE, SAT, etc.)
- Letters of recommendation
- Statement of Purpose essays
Quality of Education
MIT is renowned for its high quality academic training and collaboration with other reputed colleges such as Harvard Kennedy School and Harvard Business School. Realizing the value of extra-curricular activities in shaping an individual’s personality, MIT organizes various globally acknowledged cultural programs and fests, thus, giving students an opportunity to intermingle with each other and develop their interpersonal skills.
MIT Sloan MBA Fees
Pursuing a course from MIT Sloan could be expensive. The first-year fee for an MBA course is approx. $78,954 (nearly 58 lakhs), and other expenses such as hostel fees may range from 30-33 lakhs. However, MIT Sloan accepts highly skilled MBA candidates regardless of financial circumstances. Such students can even get financial aid that could help fund the total course fees. You can either apply for the scholarships offered by the college or apply for financial assistance administered by external organizations. The eligibility requirements may vary based on the scholarship amount and other criteria. Hence, it is important to connect with the concerned authorities before sending out the scholarship applications.
MIT Sloan Ranking
The MIT Sloan School of Management is a consistent name in the top b-schools list. The school has consistently ranked in the top 5 in the QS Top university rankings for the past three years. The MIT Sloan MBA acceptance rate is around 14%, which means you need to work hard to get into the prestigious b-school!
Placement and Salary
MIT Sloan Management School offers placements just after your graduation. Most students receive a job offer within 3 months of graduation. Besides, the average salary on a median level is approx. 140,000 USD and the maximum you can earn is around 250,000 USD. Top companies such as Amazon, McKinsey & Company, The Boston Consulting Group, Bain & Company, etc., conduct placement drives in MIT Sloan.
Getting admission into MIT Sloan School of Management is not easy. However, if you have good scores and meet all the eligibility criteria, you can make your dream of pursuing an MBA from MIT come true. Before sending out the applications, go through the above information and then make a decision.