Massachusetts Institute of Technology

The cost of living at MIT varies based on the student's programme and encompasses expenses like housing, food, and books. For the 2024-2025 academic year, undergraduate students can expect costs including a student life fee of USD 406, housing at USD 13,060, and food expenses of USD 7,220, totaling around USD 21,696. Graduate students face higher costs, with housing ranging from USD 16,200 for nine months to USD 21,600 for a full year, and food costs of USD 7,290 to USD 9,720 depending on the duration of their stay. Additionally, the estimated living expenses for a single undergraduate living on campus for a year are approximately USD 41,067, which includes housing, food, and other personal costs. It's important to keep in mind that living expenses in the Cambridge and Greater Boston area are among the highest in the country.

Some of the characteristics and qualifications that MIT looks for in applicants are follows-

• Applicants typically have a bachelor's degree in finance, economics, business, mathematics, engineering, or a related field.
• Creative problem-solvers with a high EQ (and IQ)
• One-page resume including detailed academic and professional experience. 
• Write answers to the essay question and short answer question. 
• Video responses.
• Three letters of recommendations.
• The admissions committee looks for individuals who can think critically and tackle challenges innovatively.
• Although GRE and GMAT scores are not required, applicants are welcome to submit them if they believe they will improve their application.

Some of the notable alumni from the MBA programme at the Massachusetts Institute of Technology (MIT) Sloan School of Management are as follows-

• John W. Thompson (MBA Class of 1983)- Chairman of Microsoft and former CEO of Symantec. 
• Brian Halligan (MBA Class of 1905)-  Co-founder and CEO of HubSpot, a leading inbound marketing software company, and a senior lecturer at MIT.
• Robin Chase (MBA Class of 1989) - Co-founder and former CEO of Zipcar
• Shuman Ghosemajumder (MBA Class of 1902)- Canadian technologist, entrepreneur, and author
• Daryl Morey (MBA Class of 1900)- President of Basketball Operations for the Philadelphia 76ers for the National Basketball Association (NBA).
• Bill Taylor (MBA Class of 1987)- Co-founder and former editor of Fast Company Magazine 

To apply to MIT's Master of Business Analytics (MBAn) program, candidates need to follow the below-mentioned procedure:

Complete the online application form. 

Pay an application fee of $150.

Submit the required documents.

• One-page resume including detailed academic and professional experience. 
• Write answers to the essay question and short answer question. 
• Video responses.
• Three letters of recommendations.
• Official transcripts. All applicants to the programme must hold a four-year undergraduate degree or a three-year equivalent undergraduate degree.
• Candidates can also submit professional certifications, such as CFA, CPA, or others; non-degree coursework, such as CORe, edX, or any other non-degree coursework completed.
• GMAT or GRE scores are optional but encouraged if available. 

After reviewing applications, selected students are called for interviews. The interview is both behavioral and technical.