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Stanford MBA vs MIT Sloan MBA

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Stanford MBA vs MIT Sloan MBA  [#permalink]

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New post 23 Nov 2018, 05:44
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Stanford MBA vs MIT Sloan MBA



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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 http://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
StanfordMIT Sloan
Round 1 Deadline - NotificationSep 18th 2018 - Dec 13th 2018Sep 25th 2018 - Dec 19th 2018
Round 2 Deadline - NotificationJan 10th 2019 - Mar 28th 2019Jan 22nd 2019 - Apr 2nd 2019
Round 3 Deadline - NotificationApr 3rd, 2019 - May 16th, 2019Apr 8th 2019 - May 8th 2019
A 4-year undergraduate degree or its equivalentRequired. Only under rare circumstances, Stanford will consider exceptions to this policyRequired.
GPANo minimum GPANo minimum GPA
Number of Letters of reference22
Number of Essays20 (If invited, an applicant need to submit an essay)
Cover letter and a video statementNot RequiredRequired
ResumeRequiredRequired
Application fee$275$250


ExamStanfordMIT Sloan
GMATAccepted.
No minimum requirement
Accepted.
No minimum requirement
GMAT Range600-790
Average 732
700-760 (middle 80%)
Average 728
GREAccepted.
No minimum requirement
Accepted.
No minimum requirement
GRE Verbal Range155-170154-169 (middle 80%)
GRE Quant Range152-170158-169 (middle 80%)
GRE or GMATno 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 PTERequired for students who did not attend an undergraduate institution where the sole language of instruction is EnglishNot required
TOEFL iBT minimum score requirement100 for the internet-based test (iBT*)TOEFL is not required
TOEFL iBT Range and AverageRange 101-120
Average 113
TOEFL is not required
IELTS minimum score7.0 overall band scoreIELTS is not required
PTE minimum score68 overall scorePTE is not required

2) Financials


Financials
StanfordMIT Sloan
Tuition(1 year)$70,590$74,200
Cost of Attendance
  • single(on campus) $115,797
  • single(off campus) $118,146
  • Married(on campus) $133,650
  • Married(off campus) $136,014
Information not available


3) Financial Aid


Financial Aid
StanfordMIT Sloan
Summer StipendsYes. 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
  • Stanford Africa MBA Fellowship
  • Charles P. Bonini Partnership for Diversity Fellowship
  • Stanford Reliance Dhirubhai Fellowship
  • Stanford USA MBA Fellowship
  • 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$20,000Information is not available
Average student loan at the time of graduation$86,929$109,891
Africa FellowshipThe 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
StanfordMIT Sloan
Total applicants77975798
Class size419409
Acceptance rate5.37%11.6%
Women41%42%
International42%38%
U.S. Minority27%22.8%
Average GPA3.723.48
Undergrad Majors Humanities and social sciences48%14%
Undergrad Majors STEM34%40%
Undergrad Majors Economics and Business18%41%
From U.S. Institutions81NA
From Non U.S. Institutions91NA
Countries represented6349
Average ageNA28
Average years of work experience4.34.9


5) Pre MBA Industry


Pre MBA Industry
StanfordMIT Sloan
Consulting19%21%
Governement/Education/Non-profit10%14%
Venture capital/Private equity21%NA
High Tech / communications17%18%
Financial services6%19%
Clean Tech/Energy6%7%
Industrial/Heavy manufacturing3%8%
Consumer products and services7%5%
Health care4%6%


6) Post MBA career(Class of 2017)


Post MBA career
StanfordMIT Sloan
Size392416
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 offers88% of students received a job offer by 90 days post-graduation84.2% 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
StanfordMIT Sloan
Technology25%NA
Finance32%NA
Consulting20%24.7%


6.2) Post MBA location


Post MBA location
StanfordMIT Sloan
Western United States62%27%
Northeast United States16%29%
International11%10%


7) Ranking


Ranking
StanfordMIT Sloan
GMAT Club user rating4.7 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

* U.S.News ranking in the remaining sub categories is approximately the same.

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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Stanford MBA vs MIT Sloan MBA   [#permalink] 23 Nov 2018, 05:44
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