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This comparison is done as part of the project wSTAT. For more Business school comparisons, check wSTAT
Learnings
1. The application process is almost the same for both Harvard and MIT except that Harvard requires 1 essay and MIT requires a cover letter and 1-minute video statement. So, the average number of days to work on the application should be approximately the same.
2. Harvard requires TOEFL/IELTS/PTE for international applicants. MIT doesn’t require any English assessment exam.
3. The acceptance rate of MIT Sloan(11.6%) is slightly higher than Harvard(9.4%)
4. The average indebtedness of full-time students at MIT Sloan($109,891) is considerably higher than Harvard($87,300).
5. We observed that while the fellowships at Harvard are need based, the fellowships at MIT are merit-based.
7. For the 2017 class profile, the undergrad majors composition for Harvard and MIT are very similar
8. Considerably less number of nationalities represented at MIT compared to Harvard.
9. We observed that MIT graduates locate across united states fairly equally while Harvard graduates are most likely to locate to the Northeast United States.
Note Please reply on this topic if you find any new learnings that we might have missed from the following comparisons
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
Single $109,124
Married $126,928
Married with one child $142,318
Married with two children $151,128
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
FUNDACIÓN GONDRA BARANDIARÁN(Awarded to 2 spanish nationals)
MIT-CHINA SCHOLARSHIP COUNCIL FELLOWSHIP (CSC) PROGRAM
EDUARDA JUSTO FOUNDATION
FULBRIGHT NEW ZEALAND GRADUATE AWARDS
MOHAMMED BIN RASHID AL MAKTOUM FELLOWSHIPS(Awarded to nationals of the 22-member countries of the League of Arab States)
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
* U.S.News ranking in the remaining sub categories are approximately the same.
Source: The above data has been collected from websites of Harvard Business school and MIT Sloan business school. _________________
I acknowledge the hard-work you put in to compile this data.
I may be too critical but the only useful things I saw in this post are about the Financials of the Schools namely - Cost of Attendance, Tuition Assistance (the $ Amount), Need Based/Merit Based, and External scholarship limit so that Fellowship amount will not be reduced.
Besides these, I didn't see how other parameters would tip the scales towards a school because these are Elite Schools and almost 90% of applicants do not even get in.
_________________
I'd appreciate learning about the grammatical errors in my posts
Please hit Kudos If my Solution helps
My Debrief for 750 - https://gmatclub.com/forum/from-720-to-750-one-of-the-most-difficult-pleatues-to-overcome-246420.html
Interesting. Are there students who typically try to make this call? From what I know, the programs are pretty different in make up of the student body and the experience.
Interesting. Are there students who typically try to make this call? From what I know, the programs are pretty different in make up of the student body and the experience.
I'm not sure whether you are talking about me or the OP but you are right in talking about the Program Experience. I was also hoping to see the differences in Experience of these programs like - HBS - Case Study Only or Life at HBS v/s Life at MIT..
_________________
I'd appreciate learning about the grammatical errors in my posts
Please hit Kudos If my Solution helps
My Debrief for 750 - https://gmatclub.com/forum/from-720-to-750-one-of-the-most-difficult-pleatues-to-overcome-246420.html
Interesting. Are there students who typically try to make this call? From what I know, the programs are pretty different in make up of the student body and the experience.
I'm not sure whether you are talking about me or the OP but you are right in talking about the Program Experience. I was also hoping to see the differences in Experience of these programs like - HBS - Case Study Only or Life at HBS v/s Life at MIT..
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