Massachusetts Institute of Technology

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:

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 

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:

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.

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 was the first Indian student enrolled in MIT. Some of India's leading business families sent their heirs to MIT to prepare them for successfully running the family business. Mentoned below are some famous Indians that graduated from MIT:

• L. Kirloskar 
• Anant Pandya 
• N. Dastur 
• Thomas Kailath
• Adi and Nadir Godrej
• Aditya Birla
• Suhas Patil

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.

Check more details about MIT Placements from here. 

GMAT score is the critical component of the MIT MBA application process and plays an important role in the holistic evaluation process. International students must provide their valid GMAT score for MIT Solan MBA admissions. The median GMAT for MBA class 2025 is 730 with a GMAT range between 700 - 760. 

Also read: GMAT scores for Top MBA Colleges in the USA

MIT admission are highly competitive for international students because of its high acceptance rate and admission requirements. The MIT Sloan acceptance rate is around 14%, which means out of 100 applications only 14 are accepted. The median GPA required for MBA admission at the university is 3.61 out of 4.0 and the median GMAT score is 730. Massachusetts Institute of Technology admissions requirements for MBA programme are: 

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