MIT Admissions 2024: Cost, Requirements, Admission Requirements & Application Process

A. MIT is one of the most selective schools in the world. With an acceptance rate of 4.8%, it is very difficult to secure admission here. So, one needs to have an excellent profile to get into MIT. Indian students applying to MIT need to submit the following documents.

• Official school transcripts
• SAT or ACT scores
• English language proficiency proof
• A statement of purpose
• Latest Resume
• Essays and personal statements
• A letter of recommendation

A. There is a big difference when it comes to research and research budgets when it comes to MIT and IIT. Whether you are going for a PhD program or for any scientific research, MIT offers one of the best environments in the world for conducting research. The STEM courses offered by MIT have been ranked amongst the best in the world and has been consistently placed under the top five or ten by top-ranking publishers. Whereas, IIT focuses more on offering foundational knowledge. IIT also encourages research but not all students opt for it. QS has consistently ranked MIT at 1st position for the last five years, whereas, IIT Madras and Bombay have been ranked in the top 50 by QS for its World University Rankings for Asia. 

A. Both MIT and Harvard are top-ranked colleges not only in the US but across the world. Both institutes are known for their quality education and excellent research opportunities. Massachusetts Institute of Technology admissions is counted as the technology powerhouse of the US, as it focuses on STEM (science, math, engineering, and technology) courses. Whereas, Harvard is known for offering a wide array of sciences and liberal arts programs. It is difficult to get into both MIT and Harvard, as the acceptance rate of both colleges is quite low. MIT has an acceptance rate of 4.8%, whereas, Harvard has an acceptance rate of 3.4%.

A. Students need to consider tuition, dining, housing, and other expenses like books, supplies, and personal expenses while factoring in the total MIT cost. As per MIT, most of the students pay less than what is estimated below as they provide need-based financial aid. The average annual cost born by the student who received financial aid was USD 19,599⁠. Students received Pell grants and scholarship grants from non-MIT sources. Check Massachusetts Institute of Technology fees for international students are given below: 

Note: This budget does not include travel expenses as they will be based on personal address of a student.

Read: Cost of Studying in USA for International Students 

A. MIT has been ranked #1 in QS World University Rankings 2024. QS placed MIT at the top position for the last five years consecutively. MIT has also maintained its education and research standards to remain at the top. All the major ranking publishers have ranked MIT among the top 5 universities globally. US News has also ranked MIT at the second spot in its National University Ranking for 2022 and 2023. This indicates that MIT has maintained its education standards over the years. This also makes it very selective and candidates need to have a strong academic background for securing admission here.

A. MIT Sloan MBA needs to know the applicant's story. They want to know about your life experiences. They look for passionate, curious, and analytical applicants who will enhance the community at MIT. Check Massachusetts Institute of Technology application deadline for MBA course for August 2024 entry from the table given below: 

Massachusetts Institute of Technology admissions requirements for MBA program are: 

• Cover Letter
• Resume
• Video Statement
• One Letter of Recommendation
• Transcripts
• Standardized Test Scores
• Relevant Coursework & Professional Certifications
• Application Fee

Also Read: MBA Colleges in USA

A. MIT Sloan does not require a minimum GMAT or GRE score for an MBA. However, the median GMAT for MBA class 2024 is 730 with a GMAT range between 690 - 760. The admissions committee at MIT Sloan accepts the remote/at-home version of the GMAT and GRE exams because of the COVID-19 pandemic. Also, MIT does not give preference to any one of these exams more and gives weightage to scores of both tests equally. Candidates also need not require IELTS or TOEFL score for applying to the MBA program. MIT assesses the English language ability of the candidates during interviews. Also, MIT does not require work experience for admission, however, students at MIT have an average of five years of work experience.

A. As per MIT, 96.6% of MBA graduates of the MBA Class of 2022 received offers within three months of graduation. the average base salary increased by 7.6% to USD 159,391 and the median base salary increased to USD 165,000. Apart from this, the median signing bonus was USD 30,000. Top industries where MBA graduates were placed.

MIT also reported that 25% of graduates received stock and equity compensation with an average value of USD 121,527.

A. The cost of attendance for the 2022–2023 academic year at MIT is USD 79,850. However, this figure is much lower than what it costs MIT to educate students. Also, most students at MIT pay far less than the total cost of attendance as various need-based financial aid is available here. Apart from the tuition, students also need to pay other charges like the student activity fee. In addition to this, students automatically receive basic medical coverage through MIT Medical as part of their tuition.

Note: This budget does not include travel expenses as they will be based on personal address of a student.

Also Read: Cost of Living in USA for International Students 

A. MIT is known for engineering and the physical sciences apart from economics and political science. MIT is also known for offering courses in philosophy, linguistics, and urban studies. MIT focuses on research and its infrastructure includes numerous research centers and laboratories. A space research centre, an artificial intelligence laboratory, a nuclear reactor, an international studies centre, and astrophysical observatories are part of MIT's infrastructure. Getting into MIT is extremely difficult, as the admissions are highly competitive. Students need to have a strong academic background along with an excellent overall profile. For the class of 2027, Massachusetts Institute of Technology acceptance rate is 4.8%, it is very difficult to secure admission here. Students applying to MIT need to submit the following documents.

• Official school transcripts
• SAT or ACT scores
• English language proficiency proof
• A statement of purpose
• Latest Resume
• Essays and personal statements
• A letter of recommendation

A. There were many Indian graduates that studied at MIT and make a significant contribution to the field of technology. India's involvement with MIT goes back more than hundred-year-old to 1882. Keshar Bhat enrolled at MIT from 1882–1884 and again in 1890. Some of India's leading business families sent their heirs to MIT to prepare them for successfully running the family business. Kirloskar was the first Indian business family that sends their son to MIT. S.L. Kirloskar went to MIT in 1922. Some of the famous Indians that graduated from MIT are listed below.

• L. Kirloskar (1903-1994)
• Anant Pandya (1909-1951)
• N. Dastur (1916-2004)
• Vaidyeswaran Rajaraman
• Thomas Kailath
• Adi and Nadir Godrej
• Aditya Birla
• Suhas Patil