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Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
23 Nov 2018, 05:44
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Stanford MBA vs MIT Sloan MBA
This comparison is done as part of the project wSTAT. For more Business school comparisons, check wSTAT
Learnings
- 1. Stanford admitted 419 students out of 7797 applicants with an acceptance rate of 5.37%. MIT admitted 409 out of 5798 applicants with an acceptance rate of 11.6% MIT’s acceptance is considerably higher than Stanford’s acceptance rate or Stanford is more selective than MIT.
- 2. The application process is almost the same for both Stanford and MIT except that Stanford requires 2 essays and MIT requires a cover letter and 1-minute video statement. So, we expect the average number of days to work on the application should be approximately the same.
- 3. Stanford requires TOEFL/IELTS/PTE for international applicants. MIT doesn’t require any English assessment exam.
- 4. The average indebtedness of full-time students at MIT Sloan($109,891) is considerably higher than Stanford($86,929).
- 5. We observed that while the fellowships at Stanford are need-based, the fellowships at MIT are merit-based.
- 6. We observed that there are considerably a lot of Fellowship options available at MIT Sloan and to different nationalities. Refer https://mitsloan.mit.edu/mba/admissions ... resources/
- 7. Regarding undergrad majors of entering class, Stanford’s class comprises 48% of Humanities and social sciences while that of MIT is 14%
- 8. Regarding undergrad majors of entering class, Stanford’s class comprises 18% of Economics and Business while that of MIT is 41%
- 9. Considerably less number of nationalities represented at MIT with 49 nationalities compared to Stanford with 63 nationalities.
- 10. Stanford's class comprises of 6% of students whose pre-MBA industry is Financial Services while MIT's class consists of 19% of students whose pre-MBA industry is Financial Services
- 11. 62% of Stanford’s class locates to Western United states post MBA while only 27% of MIT’s class moves to the Western United States.
- 12. 29% of MIT’s class locates to Northeast United states post-MBA while only 16% of Stanford’s class moves to the Northeast United States. So if location post-MBA is your priority, you have a clear choice to make
- 13. U.S. News ranking in Accounting for Stanford is #7 while that of MIT is #27
- 14. U.S. News ranking in Management for Stanford is #2 while that of MIT is #16
- 15. U.S. News ranking in International for Stanford is #9 while that of MIT is #17
- 16. U.S. News ranking in production/operations for Stanford is #5 while that of MIT is #1
- 17. U.S. News ranking in the Information systems for Stanford is #7 while that of MIT is #1
- 18. We observed that MIT graduates locate across united states fairly equally while Stanford graduates are most likely to locate to the Western 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 | ||
| Stanford | MIT Sloan | |
| Round 1 Deadline - Notification | Sep 18th 2018 - Dec 13th 2018 | Sep 25th 2018 - Dec 19th 2018 |
| Round 2 Deadline - Notification | Jan 10th 2019 - Mar 28th 2019 | Jan 22nd 2019 - Apr 2nd 2019 |
| Round 3 Deadline - Notification | Apr 3rd, 2019 - May 16th, 2019 | Apr 8th 2019 - May 8th 2019 |
| A 4-year undergraduate degree or its equivalent | Required. Only under rare circumstances, Stanford will consider exceptions to this policy | Required. |
| GPA | No minimum GPA | No minimum GPA |
| Number of Letters of reference | 2 | 2 |
| Number of Essays | 2 | 0 (If invited, an applicant need to submit an essay) |
| Cover letter and a video statement | Not Required | Required |
| Resume | Required | Required |
| Application fee | $275 | $250 |
| Exam | Stanford | MIT Sloan |
| GMAT | Accepted. No minimum requirement | Accepted. No minimum requirement |
| GMAT Range | 600-790 Average 732 | 700-760 (middle 80%) Average 728 |
| GRE | Accepted. No minimum requirement | Accepted. No minimum requirement |
| GRE Verbal Range | 155-170 | 154-169 (middle 80%) |
| GRE Quant Range | 152-170 | 158-169 (middle 80%) |
| GRE or GMAT | no preference for one test over the other 16% 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 | 100 for the internet-based test (iBT*) | TOEFL is not required |
| TOEFL iBT Range and Average | Range 101-120 Average 113 | TOEFL is not required |
| IELTS minimum score | 7.0 overall band score | IELTS is not required |
| PTE minimum score | 68 overall score | PTE is not required |
2) Financials
| Financials | ||
| Stanford | MIT Sloan | |
| Tuition(1 year) | $70,590 | $74,200 |
| Cost of Attendance |
| Information not available |
3) Financial Aid
| Financial Aid | ||
| Stanford | MIT Sloan | |
| Summer Stipends | Yes. Stanford GSB provides resources for those who wish to pursue a summer internship in nonprofit, social impact, government, or entrepreneurial organizations. | Yes. MIT provides funding to a limited number of MBA students taking on important societal challenges during their summer internship period. |
| Tuition assistance. | Stanford GSB fellowships will be awarded based solely on your demonstrated financial need. The average Stanford GSB fellowship is approximately $35,000 per year or $70,000 in total awards. | 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. | Approximately half of Stanford MBA students receive fellowship funds. | No such info available |
| Full-Tuition Fellowships |
|
|
| External scholarship limit so that Fellowship amount will not be reduced | $20,000 | Information is not available |
| Average student loan at the time of graduation | $86,929 | $109,891 |
| Africa Fellowship | The Stanford Africa MBA Fellowship Program pays for tuition and associated fees (approximately US $170,000) for citizens of African countries with financial need. | Information not available |
4) Class profile
| class profile | ||
| Stanford | MIT Sloan | |
| Total applicants | 7797 | 5798 |
| Class size | 419 | 409 |
| Acceptance rate | 5.37% | 11.6% |
| Women | 41% | 42% |
| International | 42% | 38% |
| U.S. Minority | 27% | 22.8% |
| Average GPA | 3.72 | 3.48 |
| Undergrad Majors Humanities and social sciences | 48% | 14% |
| Undergrad Majors STEM | 34% | 40% |
| Undergrad Majors Economics and Business | 18% | 41% |
| From U.S. Institutions | 81 | NA |
| From Non U.S. Institutions | 91 | NA |
| Countries represented | 63 | 49 |
| Average age | NA | 28 |
| Average years of work experience | 4.3 | 4.9 |
5) Pre MBA Industry
| Pre MBA Industry | ||
| Stanford | MIT Sloan | |
| Consulting | 19% | 21% |
| Governement/Education/Non-profit | 10% | 14% |
| Venture capital/Private equity | 21% | NA |
| High Tech / communications | 17% | 18% |
| Financial services | 6% | 19% |
| Clean Tech/Energy | 6% | 7% |
| Industrial/Heavy manufacturing | 3% | 8% |
| Consumer products and services | 7% | 5% |
| Health care | 4% | 6% |
6) Post MBA career(Class of 2017)
| Post MBA career | ||
| Stanford | MIT Sloan | |
| Size | 392 | 416 |
| Median base salary | $140,000 | $128,301(average) |
| Median signing bonus | $25,000 | $27,872(average) |
| Median other guaranteed compensation | $50,000 | $28,116(average) |
| Job offers | 88% of students received a job offer by 90 days post-graduation | 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 | ||
| Stanford | MIT Sloan | |
| Technology | 25% | NA |
| Finance | 32% | NA |
| Consulting | 20% | 24.7% |
6.2) Post MBA location
| Post MBA location | ||
| Stanford | MIT Sloan | |
| Western United States | 62% | 27% |
| Northeast United States | 16% | 29% |
| International | 11% | 10% |
7) Ranking
| Ranking | ||
| Stanford | MIT Sloan | |
| GMAT Club user rating | 4.7 out of 5 (15 reviews) | 4.7 out of 5 (26 reviews) |
| U.S.News ranking in Best business school | #4 | #5 |
| U.S.News ranking in Accounting | #7 | #27 |
| U.S.News ranking in Management | #2 | #16 |
| U.S.News ranking in International | #9 | #17 |
| U.S.News ranking in production/operations | #5 | #1 |
| U.S.News ranking in Information systems | #7 | #1 |
Source: The above data has been collected from websites of Stanford Business school and MIT Sloan business school, U.S.News
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