MIT (Sloan)

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Contents

Links

  1. US MBA Rankings and Info
  2. MIT Sloan Application Discussion on GMAT Club Forum 2010
  3. MIT Sloan Application Discussion on GMAT Club Forum 2011

Application Deadlines

  • Round 1: October 26, 2010 Decisions released by January 31, 2011
  • Round 2: January 4, 2011 Decisions released by April 4, 2011

Essays

  1. Please tell us about a time when you had an impact on a group or organization. Describe in detail what you thought, felt, said, and did. (500 words or less.)
  2. Please tell us about a challenging interaction you had with a person or group. Describe in detail what you thought, felt, said, and did. (500 words or less.)
  3. Please tell us about a time when you defended your idea. Describe in detail what you thought, felt, said, and did. (500 words or less.)
  4. Please tell us about a time when you executed a plan. Describe in detail what you thought, felt, said, and did. (500 words or less.)

Entrepreneurship and Innovation (E&I) applicants only:

  1. Tell us about a time when you shared your talents or expertise with a group or organization. (500 words or less.)

Overview (by Hjort)

MIT is located in the Boston Economic Area - the sixth largest economic area in the US.

Many of MIT's strength are what one would probably expect - Tech, Entrepreneurship/New Enterprises, Operations, and Finance. Another strength is International Business. One might say that it does not have the full array of strengths that characterize the other ultra elites, but it is exceptionally strong in Tech and stronger in most fields than the vast majority of schools in lower clusters.

  • Ranking
    • FT 2005 ranks MIT #13 worldwide along with IMD and UC Berkeley. This makes MIT #10 among US schools.
    • EIU 2004 ranks MIT #16 worldwide - among US schools just below Duke and Yale and just above Cornell and UCLA.
    • The best showing on BW has been #4, the worst has been #15 (twice).
    • FT 2005 Value for Money: #88, #5 among the ultraelites.


CEOs: Ford, QUALCOMM (PhD electrical engineering), Lexmark (PhD electrical engineering), Harrah's Entertainment (PhD Economics), Symantec

Admission Statistics (Class of 2009)

  • Total Number of Applicant: 3038
  • Acceptance Rate: 20%
  • Interview Rate: 30% (everyone admitted is interviewed)
    • - Women: 30%
    • - International: 37%
  • Average Age at Matriculation: 28
  • Average Work Experience 5 years
  • Average GMAT 705 Median GMAT 710


Career Statistics (2007)

  • Acceptance by Function
    • - Consulting: 31%
    • - Finance: 29%
    • - Operations/Project Management: 10%
    • - Marketing: 10%
    • - General Management: 6%
    • - Product Management: 6%
    • - Business Development: 5%
    • - Other: 4%
  • Acceptance by Location
    • - East Coast: 48%
      • - Boston: 22%
      • - New York: 25%
    • - West Coast: 18%
    • - International: 20%
    • - Midwest: 2%
    • - Mid-Atlantic: 5%
    • - Southwest: 4%
    • - South: 4%

Salary Range by Function

Range Average Median
Consulting & Strategic Planning 82,000-140,000 108,398 110,000
Finance 70,000-150,000 96,545 95,000
Operations Management 42,000-125,000 97,667 100,000
General Management 6,500-150,000 103,389 106,000
Marketing 60,000-132,000 96.946 95,000
Product Management 50,000-165,000 105,147 100,000
Business Development 80,000-140,000 107,455 110,000
Other* 73,500-135,000 101,167 100,000

External links






MIT Sloan School of Management

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