The full-time MBA Program at MIT Sloan School of Management is a two-year duration program. The median GMAT score for MBA Class 2024 is 730, with a GMAT range between 690-760.
No other business school embodies entrepreneurship, innovation, and invention in its culture like MIT Sloan School of Management. Situated in Cambridge in the greater Boston area, which is also called one of the best college towns in the US, the MIT Sloan MBA program is one of the most selective in the world and ranks #1 in more disciplines than any other business school.
In this article, we take a look at the MIT Sloan School of Management’s MBA program, its class 2024 profile, and its employment report 2022.
- MIT Sloan School of Management MBA Program
- MIT Sloan MBA Class Profile 2024
- MIT Sloan MBA Campus Location
- MIT Sloan MBA Application Deadlines
- MIT Sloan MBA Program Academic Structure and Curriculum
- MIT Sloan School of Management: Philosophy and Strength
- MIT Sloan MBA Program Employment Report and Salaries 2021-22
- MIT Sloan School of Management Major Employers
- MIT Sloan School of Management Notable Alumni
- Other MBA Programs to consider
- FAQs- MIT Sloan MBA Program
Getting into a top MBA program like MIT Sloan requires a 700+ GMAT score, If you are planning to take the GMAT, we can help you by giving you access to quality online content to prepare. We are the most reviewed GMAT prep company on GMAT Club with more than 2400 reviews. Why don’t you take a free trial and judge it for yourself?
MIT Sloan School of Management MBA Program
MIT’s motto, “Mens et Manus,” which translates to “Mind and Hand,” succinctly represents the practical approach to management education taken by the MIT Sloan MBA program.
Established in 1914 as course XV, also known as the Engineering Administration Curriculum, the scope and depth of the program grew steadily in response to advances in the theory and practice of management.
In 1964, It was renamed to Alfred P. Sloan School of Management after its benefactor, who also helped establish the first university-based mid-career program called the Sloan Fellows Program. Its academics are considered extremely demanding, even by business school standards, with a great emphasis on analytical reasoning.
It offers a multitude of hands-on and experiential learning opportunities, such as action learning labs, innovation teams, study tours, student treks, and club activities. These enable students to connect to the broader MIT school system as well as the companies and organizations where they put their learning to practice in solving management challenges in organizations around the world.
MIT Sloan MBA Class Profile 2024
With 40% of international students in its MBA class, MIT Sloan has one of the most international classes of any of the top-tier business schools. It also leads to the representation of women in the class with 46% of its class comprised of women.
Take a look at the MIT Sloan MBA Class Profile 2024:
| Sr. No | MIT Sloan Class of 2024 | Numbers |
| 1 | Median GMAT | 730 |
| 2 | Median GPA | 3.62 |
| 3 | Class Size | 408 |
| 4 | GMAT Range | 690-760 |
| 5 | Average Work Experience | 5 Years |
| 6 | MBA Cost (per year) | $ 86,400 |
| 7 | Female Students | 46% |
| 8 | Countries Represented in Class | 63 |
| 9 | International Students | 40% |
| 5-Year Trend for MIT Sloan MBA Class Profile |
| S.No | MIT Sloan School of Business | 2020 | 2021 | 2022 | 2023 | 2024 |
| 1 | Average GMAT | 728 | 727 | 730 (Median) | 730 (Median) | |
| 2 | Average GPA | 3.63 | 36 | 3.6 | 3.59 | 3.62 |
| 3 | Class Size | 409 | 416 | 484 | 450 | 408 |
| 4 | Work Experience (Average) | 4.9 years | 5 years | 5 years | 5 years | 5 years |
| 5 | Tuition Cost (per year/Single student) | $77,168 | $77,168 | $80,400 | $80,400 | $ 86,400 |
| 6 | % of students reported jobs received after 90 days | 95.5% | 95.9% | |||
| 7 | Median Base Salary | $150,000 | $150,000 | |||
| 8 | Median Signing Bonus | $34,000 | $30,000 |
With 40% of international students in its MBA class, MIT Sloan has one of the most international classes of any of the top-tier business schools. It also leads to the representation of women in the class with 46% of its class comprising women.
Getting into a top MBA program like MIT Sloan requires a 700+ GMAT score, If you are planning to take the GMAT, we can help you by giving you access to quality online content to prepare. We are the most reviewed GMAT prep company on GMAT Club with more than 2400 reviews. Why don’t you take a free trial and judge it for yourself?
Pre-MBA Major of the Incoming class of 2024
| Undergraduate Major | Percentage |
| Engineering | 29% |
| Economics | 17% |
| Business | 23% |
| Humanities and Social Science | 12% |
| Math & Science | 15% |
| Computer Science | 2% |
| Other | 1% |
With its emphasis on doing it is not surprising that a majority 29% of the class come from an engineering background. However, undergraduates with business and economics backgrounds form a whopping 40% of the class. Humanities and other social sciences also form a significant (30%) of the class at MIT Sloan.
Pre-MBA Industry of the incoming class of 2024
Consulting and financial services form a major part of the incoming class in 2024. Furthermore, technology, media, and telecom form the third-largest pre-MBA employment industry.
| Pre-MBA Industry | Percentage |
| Consulting | 23% |
| Financial Services | 23% |
| Technology | 14% |
| Government, education, and non-profit | 14% |
| Manufacturing | 3% |
| Energy | 4% |
| Healthcare, Pharmaceutical, Biotechnology | 6% |
| Consumer Products, Retail | 3% |
| Automotive, Transportation, Defense | 2% |
| Media, Entertainment, Sports | 0.5% |
| Other | 7% |
MIT Sloan MBA Campus Location
MIT’s location in Cambridge, Massachusetts, places it – and thus its Sloan School of Management – at the heart of the greater Boston area.
Boston itself possesses a college town feel with an urban yet not overwhelming environment and is home to other famous schools such as Harvard, Boston College, and Babson.
Accessibility
Boston is easily accessible to students because of the “T” (short for MBTA, or Massachusetts Bay Transportation Authority), which puts all of Boston’s cultural and educational resources within students’ reach.
Cambridge, measuring just 6.4 square miles, encompasses an array of cultural, educational, and recreational resources and all the academic opportunities available via Harvard University and MIT. Cambridge is also home to more Nobel Laureates and American presidents than any other city in America.
MIT Sloan School of Management benefits from its integration with the broader MIT community with access to cutting-edge research labs and other facilities. Sloan students or “Sloanies” as they are affectionately called can take classes university-wide, not just at the business school.
Next, we take a look at the application deadlines for MIT Sloan’s MBA Program.
MIT Sloan MBA Application Deadlines
Following are the application deadlines and decision schedules for the various rounds of admission for the August 2023 intake at MIT Sloan School of Management:
| Rounds | Application Submission Deadline | Decision Notification |
| Round 1 | September 29, 2022 | December 14, 2022 |
| Round 2 | January 18, 2023 | April 3, 2023 |
| Round 3 | April 11, 2023 | May 18, 2023 |
Besides the traditional application requirements such as a resume, letters of recommendation, etc., MIT Sloan additionally requires applicants to upload an organizational chart that outlines the internal structure of your department or organization.
Planning to pursue your MBA at MIT Sloan? Here is a list of articles that can help you with the MIT Sloan MBA Application:
- MIT Sloan MBA Essays 2022-2023: Analysis and Tips
- “Problem-led Leadership” – Are you cut out for the MIT Sloan MBA?
- 4 tips for MIT Sloan MBA Application Video Statement
- What is a good GMAT score for MIT Sloan School of Management?
MIT Sloan MBA Program Academic Structure and Curriculum
MIT Sloan is known for its focus on analytical rigor in its academics and curriculum. With a single semester of core classes, students have the opportunity to truly shape and personalize their MBA education.
Core Curriculum
During the first, or “Core,” semester, students are divided into six cohorts (also called oceans) of nearly 70 students each from a rich mix of backgrounds, interests, and experiences. Each cohort moves through the core semester together.
The MIT Sloan core curriculum consists of the following 5 courses:
- Economic analysis for business decisions
- Data, Models, and Decisions
- Communication for leaders
- Organizational Processes
- Financial Accounting
Students may also choose one elective out of finance, operations management, or competitive strategy.
Cohort System
Within each cohort, smaller teams of 6-7 students work together throughout the core semester on assignments, collaborate on projects, and study for exams. The diversity of the team parallels the modern workplace and provides a safe place to learn new skills as well as test leadership abilities.
In the 3 semesters that follow, after completion of the core curriculum, students have the flexibility to pursue their personal goals and interests throughout the rest of the time at MIT Sloan. Students can also take MIT Sloan-approved courses at Harvard.
Sloan Innovation Period
The Sloan Innovation Period a 1-week long period occurring at the midpoint of every semester 1 is another innovation in the curriculum provided by MIT Sloan. It provides students with an intensive week of experiential leadership learning as well as exposure to groundbreaking faculty work and research. Students can be a part of leadership development seminars that include real-time simulations, personal workshops with senior executives, practitioner panels, and presentations.
Specialisations
For students who need a little more guidance or those who want to deep dive into an area of interest, MIT Sloan offers 3 MBA tracks or specializations:
- Enterprise Management Track
- Entrepreneurship and Innovation Track
- Finance Track
Graduates who complete a track receive a certificate in addition to their MBA Degree.
Getting into a top MBA program like MIT Sloan requires a 700+ GMAT score, If you are planning to take the GMAT, we can help you by giving you access to quality online content to prepare. We are the most reviewed GMAT prep company on GMAT Club with more than 2400 reviews. Why don’t you take a free trial and judge it for yourself?
MIT Sloan School of Management: Philosophy and Strength
MIT Sloan’s Motto is: “To develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.”
Through its curriculum and various other experiential learning opportunities, the MIT Sloan MBA program focuses on “doing things” – not just learning management theory. The comparatively smaller class size helps to create a collaborative and tight-knit community that further enhances the application-based learning focus of the program.
Action Learning
The action learning philosophy extends beyond the classroom to extracurricular activities run by MIT Sloan students. The over 70 MIT Sloan clubs offer the opportunity to imagine, develop, and execute events ranging from mixers, and conferences to trips abroad. The MIT Sloan sports analytics conference is the largest sports conference in the world.
Creativity, invention, and innovation are constant themes at the school. More than 650 companies have been funded by the alumni of the school. Famous ones include Akamai, Zipcar, Gartner, E*Trade, Genentech, Okta, Teradyne, and HubSpot. Startups born out of MIT have reported revenues of over $2 trillion, greater than the GDP of the 10th largest world economy.
MIT $100K Entrepreneurship Competition
The annual MIT $100K Entrepreneurship Competition is one of the largest business plan competitions in the world and has helped launch more than 130 companies with a market capitalization of over $15 Billion.
MIT Sloan MBA Program Employment Report and Salaries 2021-2022
The median base salary offered to MIT Sloan graduates is $1,65,000. The median sign-on bonus reported by students is $30,000. 95.9% of the class was employed 3 months after graduation, and 63.5% of job offers were through school-facilitated activities. Following is a detailed breakdown of the employment by Industry and Function of the full-time MBA program at MIT Sloan School of Management.
Employment by Industry
MIT Sloan is perhaps best known for its emphasis on technology. However, almost 31.2% of its class took consulting jobs. This is slightly greater than 22.6% of graduates taking up jobs in the Technology and Finance industry.
The below chart represents the top 3 industries of employment over time:
| Employment by Industry | Percentage | Median Salary |
| Consulting | 31.2% | $175,000 |
| Technology | 22.6% | $150,000 |
| Finance | 22.6% | $170,000 |
| Retail | 3.6% | $141,000 |
| Media/Entertainment/sports | 2.0% | $137,500 |
| Other service industries | 1.8% | $125,000 |
| Other Manufacturing industries | 2.0% | $140,000 |
| Others | 2.1% | $132,000 |
Employment by Function
Consulting/Strategic Planning, Product Management, and Finance are the top 3 functions chosen by graduates of the MIT Sloan MBA program. Following is a breakdown of employment by function.
| Employment by Function | Percentage | Median Salary | Salary Range |
| Consulting/strategic planning | 38.3% | $175,000 | $95,000-$190,000 |
| Finance | 18.1% | $172,000 | $90,000-$270,000 |
| Product management/development | 17.8% | $155,000 | $67000-$215,000 |
| Operations/Project Management | 9.8% | $145,000 | $95,000-$190,000 |
| Leadership program/General Management | 5.3% | $140,000 | $120,000-$155,000 |
| Marketing | 2.4% | $145,000 | $116,000-$179,000 |
| Business development | 5.0% | $145,000 | $95,000-$190,000 |
| Busiess Analytics | 2.4% | $150,000 | $141,000-$175,000 |
| Other functions | 0.9% |
Getting into a top MBA program like MIT Sloan requires a 700+ GMAT score, If you are planning to take the GMAT, we can help you by giving you access to quality online content to prepare. We are the most reviewed GMAT prep company on GMAT Club with more than 2400 reviews. Why don’t you take a free trial and judge it for yourself?
MIT Sloan School of Management Major Employers
Top employers of the 2022-2023 MBA class of MIT Sloan in different industries are:
| TOP EMPLOYERS | # OF HIRES |
| The Boston Consulting Group | 47 |
| Amazon | 18 |
| McKinsey & Company | 21 |
| Bain & Company | 11 |
| Apple | 4 |
| Goldman Sachs | 8 |
| 12 | |
| Capital One | 5 |
| Deloittee Consulting | 5 |
| Amgen | 4 |
MIT Sloan School of Management Notable Alumni
Following are some notable alumni of MIT Sloan School of Management
| Carly Fiorina | Former CEO of Hewlett Packard |
| Kofi Annan | Former UN Secretary-General |
| Benjamin Netanyahu | Prime Minister of Israel |
| William Clay Ford Jr. | Executive Chairman of Ford Motors |
| Alan Mullaly | Former CEO of Ford Motors |
| John W Thompson | Chairman of Microsoft |
| John S Reed | Former Chairman of New York Stock Exchange and Former CEO of Citicorp. |
Other MBA Programs to consider
The following are some other business schools that are a close match to MIT Sloan in terms of median GMAT score, ranking, and focus. We have listed the schools by stretch, match, and safety.
Stretch: Harvard, Stanford, Wharton
Match: Columbia, Dartmouth Tuck, Northwestern’s Kellogg School, Berkeley Haas, Duke Fuqua
Safety: NYU Stern, Michigan Ross, Yale SOM, Cornell
We hope this article helps you learn more about the MIT Sloan MBA Program. Feel free to reach out to us at acethegmat@e-gmat.com with further questions.
FAQs- MIT Sloan MBA Program
MIT Sloan offers a two-year, full-time MBA program.
The average GPA for the incoming class of 2024 is 3.62.
For the incoming MIT Sloan MBA Batch 2024, the MBA Tuition cost is $86,400. However, there are other costs such as accommodation and the cost of living that you incur. Learn how to reduce your MBA cost here.
You need at least a 700+ GMAT Score for top business schools like MIT Sloan. The median GMAT score for MIT Sloan’s incoming class of 2024 is 730, with a GMAT range of 690-760.
Some of the top MBA programs in the USA are:
1. Stanford GSB
2. Wharton School of Business
3. Kellogg School of Management
4. Harvard Business School
5. UC Berkeley
Planning to pursue an MBA in the USA? Here is a guide for MBA in USA
