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Harvard MBA vs MIT Sloan MBA
Learnings
Comparison
1) Application process
Application process | ||
Harvard | MIT Sloan | |
Round 1 Deadline - Notification | Sep 5th 2018 - Dec 11th 2018 | Sep 25th 2018 - Dec 19th 2018 |
Round 2 Deadline - Notification | Jan 4th 2019 - Mar 26th 2019 | Jan 22nd 2019 - Apr 2nd 2019 |
Round 3 Deadline - Notification | Not Applicable | Apr 8th 2019 - May 8th 2019 |
A 4-year undergraduate degree or its equivalent | Required | Required. |
GPA | No minimum GPA | No minimum GPA |
Number of Letters of reference | 2 | 2 |
Number of Essays | 1 | 0 (If invited, an applicant need to submit an essay) |
Cover letter and a video statement | Not Required | Required |
Resume | Required | Required |
Application fee | $250 | $250 |
Exam | Harvard | MIT Sloan |
GMAT | Accepted. No minimum requirement | Accepted. No minimum requirement |
GMAT Range | 610-800 Median 730 | 700-760 (middle 80%) Average 728 |
GRE | Accepted. No minimum requirement | Accepted. No minimum requirement |
GRE Verbal Range | 147-170 | 154-169 (middle 80%) |
GRE Quant Range | 151-170 | 158-169 (middle 80%) |
GRE or GMAT | do not have a bias toward one test or the other 85% of the class reported GMAT 15% of the class reported GRE | no preference for one test over the other 18% of the class reported GRE scores |
TOEFL or IELTS or PTE | Required for students who did not attend an undergraduate institution where the sole language of instruction is English | Not required |
TOEFL iBT minimum score requirement | HBS does not have a minimum TOEFL to apply, however, the MBA Admissions Board discourages any candidate with a TOEFL score lower than 109 on the IBT from applying | TOEFL is not required |
TOEFL iBT Range and Average | Not Available | TOEFL is not required |
IELTS minimum score | The MBA Admissions Board discourages any candidate with an IELTS score lower than 7.5 from applying | IELTS is not required |
PTE minimum score | The MBA Admissions Board discourages any candidate with a PTE score lower than 75 from applying. | PTE is not required |
2) Financials
Financials | ||
Harvard | MIT Sloan | |
Tuition(1 year) | $73,440 | $74,200 |
Cost of Attendance |
| Information not available |
3) Financial Aid
Financial Aid | ||
Harvard | MIT Sloan | |
Summer Stipends | Yes. Funds students pursuing an internship in arts & culture, community development, education, environment, human services, international relief, nonprofit consulting, government, and other social enterprises. | Yes. MIT provides funding to a limited number of MBA students taking on important societal challenges during their summer internship period. |
Tuition assistance. | HBS Fellowships are entirely need based, with the majority of fellowships in the $30,000–$50,000 range. | MIT Sloan matriculates the most promising MBA candidates regardless of financial circumstances. After acceptance, each incoming student begins the three-tiered financial aid process |
Tuition assistance. | 50% of HBS students are eligible for need based aid. | No such info available |
Full-Tuition Fellowships | Please search on HBS website |
|
External scholarship limit so that Fellowship amount will not be reduced | $30,000 | Not applicable |
Average student loan at the time of graduation | $87,000 | $109,891 |
Africa Fellowship | Global Opportunity Fellowship(GO:Africa | Information not available |
4) Class profile
class profile | ||
Harvard | MIT Sloan | |
Total applicants | 9886 | 5798 |
Class size | 930 | 409 |
Acceptance rate | 9.4% | 11.6% |
Women | 41% | 42% |
International | 37% | 38% |
U.S. Minority | 26% | 22.8% |
Average GPA | 3.71 | 3.48 |
Undergrad Majors Humanities and social sciences | 17% | 14% |
Undergrad Majors STEM | 37% | 40% |
Undergrad Majors Economics and Business | 46% | 41% |
From U.S. Institutions | 134 | NA |
From Non U.S. Institutions | 154 | NA |
Countries represented | 69 | 49 |
Average age | 27 | 28 |
Average years of work experience | 4.5 | 4.9 |
5) Pre MBA Industry
Pre MBA Industry | ||
Harvard | MIT Sloan | |
Consulting | 16% | 21% |
Governement/Education/Non-profit | 8% | 14% |
Military | 5% | NA |
Venture capital/Private equity | 16% | NA |
High Tech / communications | 16% | 18% |
Financial services | 11% | 19% |
Clean Tech/Energy | 6% | 7% |
Industrial/Heavy manufacturing | 4% | 8% |
Consumer products and services | 6% | 5% |
Health care | 7% | 6% |
6) Post MBA career(Class of 2017)
Post MBA career | ||
Harvard | MIT Sloan | |
Size | 937 | 416 |
Median base salary | $135,000 | $128,301(average) |
Median signing bonus | $25,000 | $27,872(average) |
Median other guaranteed compensation | $25,000 | $28,116(average) |
Job offers | 95% received job offer | 84.2% of students received a job offer at graduation. 93.9% received job offer in 3 months after graduation. |
6.1) Post MBA career(Industry destination)
Industry destination | ||
Harvard | MIT Sloan | |
Technology | 16% | NA |
Finance | 31% | NA |
Consulting | 23% | 24.7% |
6.2) Post MBA location
Post MBA location | ||
Harvard | MIT Sloan | |
Western United States | 25% | 27% |
Northeast United States | 44% | 29% |
International | 13% | 10% |
7) Ranking
Ranking | ||
Harvard | MIT Sloan | |
GMAT Club user rating | 4.8 out of 5 (23 reviews) | 4.7 out of 5 (26 reviews) |
U.S.News ranking in Best business school | #1 | #5 |
U.S.News ranking in Supply chain/logistics | #21 | #2 |
U.S.News ranking in Management | #1 | #16 |
U.S.News ranking in International | #2 | #17 |
U.S.News ranking in production/operations | #9 | #1 |
Harvard MBA vs MIT Sloan MBA
Learnings
Comparison
1) Application process
Application process | ||
Harvard | MIT Sloan | |
Round 1 Deadline - Notification | Sep 5th 2018 - Dec 11th 2018 | Sep 25th 2018 - Dec 19th 2018 |
Round 2 Deadline - Notification | Jan 4th 2019 - Mar 26th 2019 | Jan 22nd 2019 - Apr 2nd 2019 |
Round 3 Deadline - Notification | Not Applicable | Apr 8th 2019 - May 8th 2019 |
A 4-year undergraduate degree or its equivalent | Required | Required. |
GPA | No minimum GPA | No minimum GPA |
Number of Letters of reference | 2 | 2 |
Number of Essays | 1 | 0 (If invited, an applicant need to submit an essay) |
Cover letter and a video statement | Not Required | Required |
Resume | Required | Required |
Application fee | $250 | $250 |
Exam | Harvard | MIT Sloan |
GMAT | Accepted. No minimum requirement | Accepted. No minimum requirement |
GMAT Range | 610-800 Median 730 | 700-760 (middle 80%) Average 728 |
GRE | Accepted. No minimum requirement | Accepted. No minimum requirement |
GRE Verbal Range | 147-170 | 154-169 (middle 80%) |
GRE Quant Range | 151-170 | 158-169 (middle 80%) |
GRE or GMAT | do not have a bias toward one test or the other 85% of the class reported GMAT 15% of the class reported GRE | no preference for one test over the other 18% of the class reported GRE scores |
TOEFL or IELTS or PTE | Required for students who did not attend an undergraduate institution where the sole language of instruction is English | Not required |
TOEFL iBT minimum score requirement | HBS does not have a minimum TOEFL to apply, however, the MBA Admissions Board discourages any candidate with a TOEFL score lower than 109 on the IBT from applying | TOEFL is not required |
TOEFL iBT Range and Average | Not Available | TOEFL is not required |
IELTS minimum score | The MBA Admissions Board discourages any candidate with an IELTS score lower than 7.5 from applying | IELTS is not required |
PTE minimum score | The MBA Admissions Board discourages any candidate with a PTE score lower than 75 from applying. | PTE is not required |
2) Financials
Financials | ||
Harvard | MIT Sloan | |
Tuition(1 year) | $73,440 | $74,200 |
Cost of Attendance |
| Information not available |
3) Financial Aid
Financial Aid | ||
Harvard | MIT Sloan | |
Summer Stipends | Yes. Funds students pursuing an internship in arts & culture, community development, education, environment, human services, international relief, nonprofit consulting, government, and other social enterprises. | Yes. MIT provides funding to a limited number of MBA students taking on important societal challenges during their summer internship period. |
Tuition assistance. | HBS Fellowships are entirely need based, with the majority of fellowships in the $30,000–$50,000 range. | MIT Sloan matriculates the most promising MBA candidates regardless of financial circumstances. After acceptance, each incoming student begins the three-tiered financial aid process |
Tuition assistance. | 50% of HBS students are eligible for need based aid. | No such info available |
Full-Tuition Fellowships | Please search on HBS website |
|
External scholarship limit so that Fellowship amount will not be reduced | $30,000 | Not applicable |
Average student loan at the time of graduation | $87,000 | $109,891 |
Africa Fellowship | Global Opportunity Fellowship(GO:Africa | Information not available |
4) Class profile
class profile | ||
Harvard | MIT Sloan | |
Total applicants | 9886 | 5798 |
Class size | 930 | 409 |
Acceptance rate | 9.4% | 11.6% |
Women | 41% | 42% |
International | 37% | 38% |
U.S. Minority | 26% | 22.8% |
Average GPA | 3.71 | 3.48 |
Undergrad Majors Humanities and social sciences | 17% | 14% |
Undergrad Majors STEM | 37% | 40% |
Undergrad Majors Economics and Business | 46% | 41% |
From U.S. Institutions | 134 | NA |
From Non U.S. Institutions | 154 | NA |
Countries represented | 69 | 49 |
Average age | 27 | 28 |
Average years of work experience | 4.5 | 4.9 |
5) Pre MBA Industry
Pre MBA Industry | ||
Harvard | MIT Sloan | |
Consulting | 16% | 21% |
Governement/Education/Non-profit | 8% | 14% |
Military | 5% | NA |
Venture capital/Private equity | 16% | NA |
High Tech / communications | 16% | 18% |
Financial services | 11% | 19% |
Clean Tech/Energy | 6% | 7% |
Industrial/Heavy manufacturing | 4% | 8% |
Consumer products and services | 6% | 5% |
Health care | 7% | 6% |
6) Post MBA career(Class of 2017)
Post MBA career | ||
Harvard | MIT Sloan | |
Size | 937 | 416 |
Median base salary | $135,000 | $128,301(average) |
Median signing bonus | $25,000 | $27,872(average) |
Median other guaranteed compensation | $25,000 | $28,116(average) |
Job offers | 95% received job offer | 84.2% of students received a job offer at graduation. 93.9% received job offer in 3 months after graduation. |
6.1) Post MBA career(Industry destination)
Industry destination | ||
Harvard | MIT Sloan | |
Technology | 16% | NA |
Finance | 31% | NA |
Consulting | 23% | 24.7% |
6.2) Post MBA location
Post MBA location | ||
Harvard | MIT Sloan | |
Western United States | 25% | 27% |
Northeast United States | 44% | 29% |
International | 13% | 10% |
7) Ranking
Ranking | ||
Harvard | MIT Sloan | |
GMAT Club user rating | 4.8 out of 5 (23 reviews) | 4.7 out of 5 (26 reviews) |
U.S.News ranking in Best business school | #1 | #5 |
U.S.News ranking in Supply chain/logistics | #21 | #2 |
U.S.News ranking in Management | #1 | #16 |
U.S.News ranking in International | #2 | #17 |
U.S.News ranking in production/operations | #9 | #1 |
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