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16 things every MIT Sloan MBA student should know

MIT Sloan School of ManagementSemester after semester, as many as 1,300 students are expertly guided toward the path of innovation in business by 200 academic staff at MIT Sloan School of Management.

The teachers and their students have obviously met with success: Sloan alumni have founded more than 650 companies.

But there’s a lot more to Sloan. Here are some other interesting facts and figures about the school, with a focus on its MBA program.
[Editor’s Note: Article updated in September 2021]

16 facts about MIT Sloan every MBA applicant should know



MIT Sloan is situated in Cambridge, Massachusetts, in the north of Boston, across the Charles River. A little about Cambridge: the city was named after the University of Cambridge, which was once a center of Puritan theology practiced by the founders of the US city. Kendall Square, the locality in which Sloan is located, is known as “the most innovative square mile on the planet,” because of the number of startups and innovators around the place.

Although home to many renowned healthcare, biotech, and pharmaceutical companies, such as Genzyme, Pfizer, and Novartis, the top employers in Cambridge are Harvard University and MIT. Cambridge may not have significant parks like some other cities, but the wide open accessible spaces on the university campuses make up for it very well. The city has a number of museums including those at Harvard and MIT, and the arts scene is vibrant with large exhibitions of public art and festivals, including the annual Cambridge River Festival.

Transportation depends on the good road network, mass transit system, and bicycling pathways. Walking is a popular activity and many people walk to work. As for Cambridge weather, the popular notion is that “if you don’t like the weather, wait for 10 minutes and it is likely to change.” Spring has moderate weather with temperatures between 15 and 21 degrees C. Summers are warm at 26 degrees C. Fall is the most popular among tourists, but the nights can get cold. Winters are cold, and sometimes see snow, and shoes with a good grip are recommended.


The Sloan campus is surrounded by innovative companies and labs, and students feel an invigorating atmosphere right from the time they enter the campus. The over 60 clubs are one of the mainstays of student life, and they cater to a range of interests from books to basketball.

Management education began at MIT in 1914 with a course in engineering administration and gradually developed into the Sloan school. Sloan students have deep and engaging ties with their counterparts at MIT and collaborate on various projects and programs. The Kendall Square neighborhood has a number of restaurants, arts and music venues, and opportunities for outdoor activities along the Charles River.

Sloan offers on-campus housing, and students also have the option of living in graduate residences a short walk from the campus and also in nearby areas of Cambridge and Boston. The MIT Housing Office is a large bank of assistance.


Among worldwide MBA programs, FT’s 2020 ranking puts Sloan at 6th in Global MBA standards. In US News’ list of 2022 Best Business Schools in the US, Sloan is at number 5.


MIT Sloan professors are renowned experts in their fields who raise the academic discussion and corporate practice of business management theories to high levels. They are regularly featured in the media for their studies and receive top honors.

Among Sloan faculty members are company executives, economists, public policy experts, and entrepreneurs. David Schmittlein, former Wharton professor, is the Dean and has served Sloan since 2007.


The two-year, full-time MBA is Sloan’s flagship program. The school also runs the Sloan Fellows Program (12-month, full-time executive MBA program), Executive MBA (20-month executive-schedule program for midcareer professionals), nondegree executive education programs, undergraduate programs, the Visiting Fellows Program, the Leaders for Global Operations Program (two-year, dual-degree business and master’s in engineering), Master of Finance, Master of Business Analytics, Master of Science in Management Studies, System Design in Management program, and a doctoral program.


After the first-semester core, students create their own course of study, choosing from tracks or certificate options in tune with their interests and career goals. Students can opt for either an MBA or, if they complete an optional thesis, a Master of Science in Management degree.

The two-year MBA program consists of four semesters, and each semester is divided into halves by the week-long Sloan Innovation Period, during which students get a chance for experiential learning. So that students can have direct learning experiences outside campus, the Independent Activities Period is held every January.

During the spring semester, the two-week Sloan Innovation Period follows the spring break, allowing students opportunities for credit-worthy global experiences. As for electives, students have to complete 144 units (most subjects consist of three to 12 units), including classroom hours, lab, and thesis units. They can take up to three graduate-level MIT or Harvard subjects.

Application requirements

Applications to Sloan should include a cover letter and resume, a one-minute video statement, two letters of recommendation (from professional contacts), transcripts, and GRE/GMAT scores.

A TOEFL score is not required for applying for the MBA program (English language ability is evaluated during the personal interview and from the verbal sections of GMAT/GRE). A 200-word optional additional information statement may be attached. The application fee is $250.

Fee, expenses

The tuition for the academic year 2021-2022 was $78,954, housing $15,750, personal including medial insurance $9,321, transportation $2,250, food $6,225, and other expenses, all adding up to a total of $117,998.

Although most students pay tuition before each term, they can also opt for a monthly payment plan.

Scholarship, aid

All students are considered for fellowships and scholarships granted by MIT Sloan and other MIT departments and connected organizations. Some financial support is solely dependent on merit, others solely on need, and yet others on a combination of need and merit.

Students can also apply for financial aid from other agencies and for loans through the MIT Student Financial Services. International students with no domestic cosignor have somewhat more limited options than students with cosignors. However, Sloan guarantees loans through the MIT Federal Credit Union.

Admission statistics

For the MBA Class of 2022, there were 5,200 applicants and 484 were enrolled. Women comprised 38 percent and international students 33 percent from 51 countries. The work experience was 5 years. The GMAT range was 680-760 (mean 720). The average undergraduate GPA was 3.5. Thirty-three percent were engineering undergraduate majors, 16 percent business and commerce, 19 percent economics, 10 percent science and math, 4 percent humanities, and 8 percent social sciences.

17 percent had a previous industry background in financial services, 22 percent in consulting services, 13 percent in government and public sector, 15 percent in technology, media, and telecom, and the rest in Energy, Transportation, Media, Retail, etc.

Career development

A variety of helpful initiatives from counseling to online databases to the Career Resource Center enable the MBA program staff and the Career Development Office to pinpoint the correct job and career path for Sloan students. As part of the on-campus recruiting program, companies in sectors such as consulting, financial services, technology, manufacturing, pharmaceuticals, and biotechnology swoop down on the campus to get the best Sloan MBAs.

Come April, first- and second-year students network and interview with corporate representatives at the MIT Sloan Masters’ Career Fair. As part of club activities, students visit company headquarters and meet with top executives.

Jobs after MBA/employers

According to the employment report for the MBA 2020-21, 314 of 405 graduates (77.5 percent) sought employment. Of the students who did not seek employment, a large majority either returned to their previous company (14.1 percent) or started their own business (3.5 percent).

The top hiring industries were consulting (31.2 percent) and technology (24.8 percent). The top hirers were BCG (36), McKinsey (20), Amazon (19), Bain (13), Google (14), and the rest at Amgen, Deloitte, Goldman Sachs, Apple, Credit Suisse, IBM, JP Morgan Chase, Nike, and more.


The base salary range for the Class of 2020 was $50,000-$230,000 (median $150,000). The salary range for service industries (consulting, Internet, investment banking, private equity, etc.) was $50,000-$200,000 (median $150,000) and manufacturing (pharma, electronics, automobile, aerospace, etc.) $68,000-$230,000 (median $130,000).

The top functions full-time, salary-wise, were Consulting (mean $152,000), Finance ($145,000), Product Management ($140,000), Operations ($131,000), General Management ($126,000), Marketing ($132,000), Business Development ( $141,000), Business Analytics ($155,500), etc.

Alumni network

When Sloan students graduate, they can depend on advice and support from over 23,000 MIT Sloan alumni and 128,000 MIT alumni. Alumni share their experiences and expertise in discussions and conferences, and host events for visiting students as part of their annual trips and treks. The network comprises more than 75 clubs in 40 countries.

Notable alumni

Well-known Sloan alumni include Kofi Annan (former UN Secretary General), Benjamin Netanyahu (Israel Prime Minister), Carly Fiorina (former HP CEO), Allan Mulally (former President, Ford), John W. Thomson (Microsoft Chairman), Robert Metcalfe (co-inventor, Ethernet), Gerhard Schulmeyer (Sloan professor, former Siemens CEO), F. Duane Ackerman (member, President’s Council of Advisors on S&T, former CEO, BellSouth), and Philip M. Condit (former Boeing CEO).


Sloan teaches not only management theories but also practical solutions to real-life problems, following MIT’s slogan, mens et manus, or mind and hand. Sloan’s Action Learning program allows students to acquire hands-on experience of management principles.

The students are the ones who call the shots at Sloan, and are at the forefront of most activities. Students collaborate among themselves and with their peers studying science and technology at MIT. A collaborative spirit infuses students to reach out and work with their colleagues using the best principles of teamwork.

Also read:
My MIT Sloan MBA Application Success Story
MIT Sloan MBA: Admissions Director Interview

Resources: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19

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8 thoughts on “16 things every MIT Sloan MBA student should know”

  1. HI Sammer Sir,

    I have completed my Mechanical Engineering from UVCE Bangolre, with an aggregate of 75.1 in 2017. And i have started working in a very reputed company from 4 months. I have a confusion whether should I think doing some specialization like MS, through GRE or should gather experience first and later give my concentration on it????

  2. Hi,

    I need some of your advice.
    I have completed Btech in civil engineering from IP university. I am planning to study in Australia but confused between dual degree courses and single degree courses.

    What would me more beneficial (Master of engineering + master of engineering Management or single Masters degree courses like engineering management, construction management, master degree in engineering etc.)

  3. Hi Sameer,
    I am 23 years old.
    I have close to 2.5 years of work experience post graduation and will have around 3 years by 2018 fall intake.
    I feel that my age is below class average for many schools specially the European ones.
    How much will the age play a role in my application?

  4. Hi, I want to enroll in Executive MB-HR course (1 year) under Mewar University by next session. I am a graduate from CU and a HR professional having 4 years of experience in Generalist role (HR). I want to know whether this course is going to help me in my career !!

  5. Hello Sir,

    im Naresh i did diploma in civil engineering and got a good job before 7 years in a private sector during my job i also completed B-tech degree from a UGC approved university in distance mode. Now i feel my growth has stuck after coming at this point. To step up from this point i want to go for M-tech on regular basis.

    my question is this after completing my M-tech will i be able to apply in good MNC as a civil engineer, Least my B-tech in distance should not obstruct my way. I am confidante on me but dont know how to boost up my career in Civil Engineering from this point.

    IM scare/depress Pl. Let me know my M-tech will be valuable in Case i had B-tech in Distance mode.

  6. Hi Sameer,

    Please let me know if i can apply to HARVARD BUSINESS SCHOOL MBA with 15 years of education . I have also 3 1/2 years of work experience.

  7. @Sai: Since you’ve got into a reputed company, go ahead and get some experience. After a couple of years, you’ll be better positioned to take a call on whether you need an MS or MBA or nothing.

    @Anupam: I’d suggest going for a single degree that will help you the most. Going for 2 will burn a bigger hole in your pocket, but it isn’t going to make too much of a difference for recruiters.

    @Ved: European colleges typically attract more mature applicants, since their MBA programs are of a shorter duration. So, your application may fall among the outliers (statistically) making it tougher to get into the competitive programs.

    @Ashoke: Our team can tell you about the value of MIT (which is what this article is about), since we’ve helped many get into it. I have to admit that I’m clueless about Mewar University.

    @Naresh: After 7 years of experience, you’ve already gone beyond the stage where your degree format (correspondence or otherwise) isn’t as important as the skills you have developed. Unless the next level in your company or industry hierarchy mandates an M.Tech, I don’t think it’ll matter much at this stage.

    @Dibyaranjan: Yes, it does. Here’s a bigger list for you:

  8. Hi Sameer,
    I’ m a hr professional with 7.5 yrs of work ex in hr. Currently pursuing pgchrm from xlri, jamshedpur, i have a career break on account of maternity, planning for a full time masters with tier 1 b schools in India or abroad. Pl advise me on it considering cost into consideration. Can i easily get scholarships..



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