Massachusetts Institute of Technology

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a year ago

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Shiksha Ask & Answer
Akanksha Malhotra

Contributor-Level 10

According to the review of few students, MIT is better than IIT when it comes to placements. Some of the reasons as to why MIT is better than IIT are:

Infrastructure: MIT's infrastructure such as the research equipment etc. is the state of the art. A huge amount of funding from various organizations for cutting edge research is received by MIT
Teaching Practices: In the institute like MIT, more focus is laid on research than classroom teaching, whereas, at IITs, classroom teaching takes more time than research

New answer posted

a year ago

0 Follower 13 Views

Shiksha Ask & Answer
Akanksha Malhotra

Contributor-Level 10

MIT admission requirements for Masters in Business Analytics are given below. An ideal completed MIT application for MBAn will have the following:

  • A resume
  • Essay question
  • Video question 1 & 2
  • Three letters of recommendation
  • Academic transcripts
  • An undergraduate degree
  • Relevant coursework and professional qualifications (as required)
  • GMAT / GRE score
  • TOEFL / IELTS scores (optional)
  • USD 155 as an MIT application fee

What after the submission of MIT MBAn application? All the applicants admitted to the MBAn programme shall be required for interview. But, note that the interviews are conducted as per invitation only.

  • The interview is both technical and
...more

New answer posted

a year ago

0 Follower 10 Views

Shiksha Ask & Answer
Akanksha Malhotra

Contributor-Level 10

According to the MIT Masters of Business Analytics employment report for the Class of 2022, here are some of the highlights:

  • There was a high demand of MIT MBAn graduates in 2022. Out of the 55 candidates who were seeking employment opportunities, 100% accepted employment offer within 6 months of graduation
  • 98.2% of graduates accepted roles in Data Science functions
  • The average base salary was USD 132,413
  • The top industries for the Class of 2022 were Technology, Consulting, Finance, etc.
  • The employers were Amazon, Johnson & Johnson, Pfizer, Nike, Microsoft, etc.

Know details about MIT Placements from here

New answer posted

a year ago

0 Follower 147 Views

S
Shiksha Jain

Contributor-Level 7

Both Harvard University and the Massachusetts Institute of Technology (MIT) are mong the top 100 universoties in the world. They offers the best MBA programme in the world for internationa students. We have compared them below in terms of thier MBA placement and tuition fees:

UniversitiesMBA Median Base SalaryMBA First Year Tuition Fees
Harvard UniversityINR 18 L - 72 LUSD 175,000 (INR 1.5 Cr)
Massachusetts Institute of TechnologyINR 44 L - 88 LUSD 170,000  (INR 1.41 Cr)

As per the above information, Harvard is the better choice to study MBA in the USA. Harvard offer the MBA programme at low cost as compared to MIT MBA fees and the median base salary is also high.

New answer posted

a year ago

0 Follower 5 Views

A
Aayush Kumar

Contributor-Level 7

As per the placement report, the Massachusetts Institute of Technology the highest package is USD 190,000 (median base salary) for Consulting. The below table includes the industry-wise placement statistics:

Industry

Median Base Salary 2022

Median Base Salary 2023

Auto / Aerospace

USD 160,000 (INR 1.33 Cr)

USD 146,500 (INR 1.22 Cr)

Consulting

USD 175,000 (INR 1.45 Cr)

USD 190,000 (INR 1.58 Cr)

Energy

USD 150,000 (INR 1.25 Cr)

USD 160,000 (INR 1.33 Cr)

Finance

USD 170,000 (INR 1.41 Cr)

USD 175,000 (INR 1.45 Cr)

Healthcare / Pharma / Biotech

USD 145,000 (INR 1.20 Cr)

USD 147,500 (INR 1.22 Cr)

Media / Entertainment / Sports

USD 137,500 (INR 1.14 Cr)

USD 140,000 (INR 1.16 Cr)

Retail / CPG

USD 141,000 (INR 1.17 Cr)

USD 146,250 (INR 1.21 Cr)

Technology

USD 150,000 (INR 1.25 Cr)

USD 157,100 (INR 1.30 Cr)

Other Manufacturing Industries

USD 140,000 (INR 1.16 Cr)

USD 157,500 (INR 1.31 Cr)

Other Service Industries

USD 125,000 (INR 1.04 Cr)

USD 147,500 (INR 1.22 Cr)

Other

USD 132,000 (INR 1.10 Cr)

USD 125,000 (INR 1.04 Cr)

New answer posted

a year ago

0 Follower 47 Views

S
Saakshi Majumder

Contributor-Level 7

Massachusetts Institute of Technology highest package for 2023 MBA graduates is USD 190,000  (INR 1.58 Cr), which was USD 270,000  (INR 2.24 Cr) in 2022. The table below includes the information of the Massachusetts Institute of Technology placement package:

Full-Time Salary Summary

Package in 2022

Package in 2023

MIT highest Salary

USD 270,000  (INR 2.24 Cr)

USD 190,000  (INR 1.58 Cr)

New answer posted

a year ago

0 Follower 144 Views

V
Vikram Kumar

Contributor-Level 7

Yes, the Massachusetts Institute of Technology is better than IITs in India. Here we have compared the MIT and IIT Bombay, and according to the placement data, the Median base salary drawn by MBA graduate in 2023 is USD 170,000  (INR 1.41 Cr) while the average package at IIT Bombay is INR 21.50 LPA. The highest packages were:

  • IIT Bombay: INR 1.68 Cr 
  • Massachusetts Institute of Technology (MIT): INR 1.57 Cr 

New answer posted

a year ago

0 Follower 22 Views

M
Manori Khandelwal

Contributor-Level 7

The Massachusetts Institute of Technology placements for 2023 is good as compared to last year. In 2023, the median base salary drawn by MBA graduates is USD 170,000  (INR 1.41 Cr),  which was USD 165,000  (INR 1.36 Cr) in 2022. Students can check the below table to know more about the MIT MBA placements 2023:

Head

Class of 2022 MBA Report

Class of 2023 MBA Report

Mean base salary

USD 159,391  (INR 1.32 Cr)

USD 168,095  (INR 1.39 Cr)

Median base salary

USD 165,000  (INR 1.36 Cr)

USD 170,000  (INR 1.41 Cr)

Median signing bonus

USD 30,000  (INR 25 L)

USD 30,000  (INR 25 L)

Top Industries

Finance, Consulting, Technology, Healthcare / Pharma / Biotech, etc.

Consulting, Technology, Finance, Healthcare / Pharma / Biotech, etc.

Top 5 Companies

The Boston Consulting Group, McKinsey & Company, Amazon, Google and Bain & Company

McKinsey & Company, Bain & Company, The Boston Consulting Group, Amazon, and Verizon

MIT MBA job outcomes

Download the report for 2022

Download the report for 2023

New answer posted

a year ago

0 Follower 13 Views

Shiksha Ask & Answer
Chandra Shekhar

Contributor-Level 9

Globally, Massachusetts Institute of Technology ranks 1st in the world while Boston College ranking is 601-650 in the world by QS World University ranking 2024. But, according to students reviews, BC has way more ACTIVE alumni IN BOSTON than MIT and in New England in general. Boston College offers solid biochemistry and chemistry programs and it was also good in computer vision at one point. These are the few points that makes a Boston College perfect choice than MIT in Boston.

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