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MBA Courses at Massachusetts Institute of Technology
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MIT University MBA/PGDMWhat’s new?
What’s new at MIT MBA?
- The Round 3 MBA application deadline is 08 Apr 2024.
- The MIT Sloan Business School ranks among the top 10 MBA universities in the world in 2024 by FT MBA ranking.
The duration of an MIT MBA is 2 years. To get into MIT MBA, the applicants are required to have an undergraduate degree, GMAT / GRE score, and work experience.
Read: A Complete Guide on MBA for Indian Students
MIT MBA Tuition Fees 2024
MIT Sloan MBA fees for USD 82,000 for 2023-24. Also, charged is USD 2,200 per year which Sloan program fee. This will amount to INR 69 lakh.
MIT MBA Entry Requirements 2024
To take admission to the MIT MBA course, the applicants are required to meet the below-given entry requirements:
- A four-year undergraduate degree or three-year equivalent undergraduate degree from outside the US, by the time of matriculation
- MIT welcomes applicants from all over the globe, and from all study areas, including the Humanities, the Social Sciences and Physical Sciences, Business, and Engineering
- GMAT / GRE score
- Work experience (Average 5 years)
MIT MBA Selection Criteria 2024
For admission to MIT MBA, after each application deadline, the Admissions Committee of MIT reviews all applications. Based on the initial assessment, a subset of applications are invited for interview with MIT. Note that the admissions committee shall carefully consider all the application materials submitted by the applicants.
MIT MBA Acceptance Rate
According to some of the unofficial sources, MIT Sloan acceptance rate is 14.6%. This means that MIT is quite selective when it comes to admissions to MBA course. So, to get into the MIT MBA, make sure to meet all the eligibility requirements. Besides these, also meet all the application requirements for MBA course. As per the class profile of the MIT MBA class of 2024, the class size is 408.
How to Apply to MIT MBA for 2024?
The applicants can apply to the MBA course by accessing the MIT applicant portal. To apply to the MIT MBA course, the application must have the following components:
- Cover letter
- One-page resume
- Video statement
- One letter of recommendation
- Additional references
- Academic transcripts from all colleges and universities that the applicants have attended or are currently studying
- GMAT / GRE score
- Relevant course & professional certifications
- Optional short-answer question
- Application fee of USD 250
MIT MBA Admission Dates 2024
Important admission dates for MIT MBA for 2024 entry are given below:
| Rounds |
Deadline |
|---|---|
| 1 |
27 Sep 2024 |
| 2 |
17 Jan 2025 |
| 3 |
08 Apr 2024 |
MIT MBA Rankings
According to U.S. News & World Report, MIT Business School ranks at #4 in the Best Business Schools category. In the QS Global MBA Rankings, MIT (Sloan) ranks at #6 position in 2023.
MIT vs Harvard University Vs Stanford University
A comparison of the top-ranked MBA universities in the world is given below:
| Universities |
QS Global MBA Rankings 2023 |
1st-Year Tuition Fee |
|---|---|---|
| #2 |
INR 62.2 L - 71.6 L |
|
| #1 |
INR 66.3 L |
|
| MIT |
#6 |
INR 70 L |
- MIT University MBA/PGDM Popular courses
- MIT MBA Admissions 2024 FAQs
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MIT MBA Admissions 2024 FAQs
Given below are the MIT MBA Admission FAQs:
Q: What is the salary package for MIT MBA?
The average base salary for the MIT MBA class of 2022 was USD 159,391 and the median base salary was USD 165,000. 96.6% of MIT MBA students received offers within three months of graduation. Some of the top industries for the MBA class of 2022 was Technology, Consulting, Finance, and Healthcare / Pharma / Biotech.
Q: What is the acceptance rate for an MIT MBA?
According to various unofficial sources, the acceptance rate is 14.6% for MIT Sloan. Looking at the acceptance rate, it can be said that to get into MIT MBA, the applicants must have a strong and excellent academic record. To take admission to MIT MBA, students must meet all the eligibility and application requirements.
Q: How can I get admission to MIT for an MBA?
Given below is MIT MBA eligibility criteria:
- 4-year undergraduate degree or 3-year equivalent undergraduate degree from outside the US, by the time of matriculation
- MIT welcomes applicants from all over the globe, and from all study areas, including the Business, Humanities, the Social Sciences and Physical Sciences, and Engineering
- GMAT / GRE score
- Work experience
Q: Is GMAT required for MIT MBA?
Yes, GMAT / GRE is an important criterion to get into MIT MBA. As such, there is no minimum score required for GMAT for admission to MIT. But, the median GMAT score is 730. Besides the GMAT / Score, the interested applicants must have an undergraduate degree to take admission to the MIT MBA course.
Q: How much does an MBA cost in MIT?
MIT Sloan MBA fees for 2023-24 is USD 82,000. Also, USD 2,200 per year will also be charged and this is the Sloan programme fee. This amount will be around INR 69 lakh. Besides the tuition fee, students are also required to pay for the living expenses. The living expenses will be around INR 24 lakh.
Q: Is MIT good for an MBA?
MIT Sloan is a different kind of management school. Students can get hands-on learning and global experience. The two-year MBA programme of MIT will help in making the leaders ready to make a difference in the world. In the QS Global MBA rankings 2023, MIT ranks at #6 position, whereas, in the U.S. News & World Report 2023-24 rankings, MIT Sloan ranks at #4th position.
MIT University
Student Forum
Anything you would want to ask experts?Answered 2 weeks ago
No, Massachusetts Institute of Technology does not accept academic main score as a part of their admission process. Instead, applicants can submit their academic scores as that is recognised by the university. If a candidate wants to get into MIT University for their higher studies, they will have t
Contributor-Level 10
Answered 2 weeks ago
Harvard and MIT are both not just the top universities in the US, but also two of the most reputated universities around the globe. Securing an admission in either of these universities is extremely competitive. However, with the Harvard University acceptance rate of merely 3.41%, the university is
Contributor-Level 10
Answered 2 weeks ago
Yes, the Massachusetts Institute of Technology is recognised as the topmost university in the world due its consistent ranking #1 in QS World University Rankings for 13 years in a row. Listed below is the comprehensive five year trend of MIT rankings, as awarded by the prestigious ranking bodies:
Year-wise MIT Rankings | QS - World University Ranking | THE (Times Higher Education) - University Ranking | US News & World Report - Global Universities |
|---|---|---|---|
2025-26 |
#1 | Not announced | Not announced |
2024-25 | #3 | #2 | |
2023-24 | #5 | ||
2022-23 | |||
2021-22 | |||
2020-21 | |||
2019-20 | #4 |
Contributor-Level 10
Answered 2 weeks ago
On an average, the acceptance rate of Massachusetts Institute of Technology ranges between 4-5%, which describes how competitive the university is. Given below is a comprehensive table of the trend of MIT acceptance rate over the years:
Class of | Number of Applications Received | Number of Students Accepted | MIT Acceptance Rate |
|---|---|---|---|
2028 | 28,232 | 1,275 | 4.5% |
2027 | 26,914 | 1,291 | 4.8% |
2026 | 33,767 | 1,337 | 3.9% |
2025 | 33,240 | 1,340 | 4% |
2024 | 20,075 | 1,457 | 7.2% |
Contributor-Level 10
Answered 2 weeks ago
Both MIT and Harvard are the top business schools in the world for international students. They offer a world-ranked MBA programme with impressive placement opportunities to students. Mentioned below is the comparison between them in terms of their tuition fees and MBA placements:
| Universities | MBA First Year Tuition Fees | MBA Average Salary Per Year |
|---|---|---|
| MIT | INR 35 L to INR 76 L | INR 1.39 Cr |
| Harvard | INR 18 L to INR 63 L | INR 1.50 Cr |
According to above
Contributor-Level 10
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