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	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.
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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.

To the OP

This is a super helpful data set. There are candidates who find themselves with acceptance into both schools and, upon learning of the option of HBS, Sloan may offer a more competitive financial aid package. At that point, it's up to the candidate to determine which school is the better fit for them in terms of maximizing tuition ROI (the exit-stats provided in this post broken down by industry are helpful in this regard).

Another important point to note about the experience at HBS bs. Sloan is that HBS subscribes to GND (grade non-disclosure) while at HBS grades are not disclosed to employers and there isn't a traditional grading rubric generally. Although there are still ways to "signal" top grades (e.g., special academic distinction lists, Baker scholars, etc.) industries like consulting or IB that hire a huge portion of the class won't be able to filter candidates by GPA they way they might be able to do at Sloan. This changes the academic and social experience for students. Sloan is relatively unique among the top schools in the GND regard, as most of the highest-ranked schools have moved over to the GND model. On the other hand, students who know they will strive to be in the top 10% of the class regardless of whether the school has GND may find that having transparent grades is helpful. Relatedly, some students enjoy the rigor and competitiveness of a a classroom environment where everybody is doing their best, and they may seek that out in ther school choice. Just something to think about.