MIT Sloan MBA: Fees, Living Costs, Test Scores, Visa Process, Work during Study, Entry Requirements.

M.B.A from MIT

Cambridge, MassachusettsLocation
UniversitySchool type
Estd1861established year
11466enrollment
Private (Not for Profit)

Master of Business Administration [M.B.A]

2 years
Full Time
On Campus
Ranked #5 out of 1502 by THE Global Ranking 2023

$84,350 /Yr
Go to official website

Important Dates

EventApplication Date
Application Deadline Round 1 Sep 30, 2024
Application Deadline Round 2 Jan 14, 2025
Application Deadline Round 3 Apr 7, 2025

Tuition Fees

Year1st Year Fees
Tuition Fees$84350

Other Expenses

HeadAvg Cost Per Year
Housing$21600
Transportation$3552
Food$9720
Compulsory Fees$2200
Total Cost$37072

Previous Year Tuition Fees

Year1st Year Fees
2023$80400
2022$80400
2021$80400

Eligibility & Entry Requirement

Acceptance Rate 14%
Academic Requirement Applicants must hold a four-year undergraduate degree or a three-year equivalent undergraduate degree from a recognized university
English Language Proficiency Score TOEFL iBT - 90 | IELTS - 7.0
Documents Required
  • Academic Transcripts with full details of subjects studied and grades/marks obtained. 
  • 1 Letter of recommendation (recommendation should be from a person who has supervised your performance). 
  • Video Statement (Introduce yourself to your future classmates)
  • Statement of Purpose (cover applicant's interests, experience, and goals). 
  • Additional References (two additional references are required)
  • Organizational Chart (to better understand your current role and the impact that you have on your team and department)
  • GMAT/GRE test scores
  • Relevant Coursework & Professional Certifications. 
  • Optional Short Answer Question (to better understand your background)
  • Updated Resume/CV. 
  • Proof of English Language Proficiency.
Application Fee USD 250 (20,720 INR)
Applications Deadline January 17, 2024 (Round 2)
Decision time within 2-3 months

Scores Required

311 / 340

Avg. Score in

GRE

720 / 800

Avg. Score in

GMAT

90 / 120

Avg. Score in

TOEFL

7 / 9

Avg. Score in

IELTS

Median GRE Score Over Years


Ranking

2024202320222021

QS World University logo
Management 4 out of 550 in Global Ranking
( #3 out of 98 in USA 2024)

Do you think the Rankings are wrong ?  Report Here

Similar Programs

ProgramImportant DateTotal FeesMedian Exams Score
Round 1 Application Deadline For 2025 Intake (4th Jan 2025)
Round 2 Application Deadline For 2025 Intake (21st Feb 2025)
Round 3 Application Deadline For 2025 Intake (9th Apr 2025)
USD 85,400 /Yr
  • IELTS: 7
  • TOEFL: 100
  • PTE: 70
  • GRE: 322
Application deadline for 2025 Intake (1st Dec 2024)
USD 76,410 /Yr
  • IELTS: 7.5
  • TOEFL: 109
  • GRE: 326
  • GMAT: 740
  • Duolingo: 145
--
USD 208,300 /Yr
  • TOEFL: 100
  • IELTS: 7.0
Application Deadline For 2025 Intake Round 1 (10th Sep 2024)
Round 1 Notification by (5th Dec 2024)
Application Deadline For 2025 Intake Round 2 (8th Jan 2025)
Round 2 Notification by (3rd Apr 2025)
Application Deadline For 2025 Intake Round 3 (8th Apr 2025)
Round 3 Notification by (29th May 2025)
USD 82,455 /Yr
  • PTE: 68
  • TOEFL: 113
  • IELTS: 7
  • GMAT: 730
  • GRE: 328

Do you think the Dates are wrong ?  Report Here


Career and Placement after Course

Job Profile Business Analytics | Business Development | Product Management | Marketing / Sales | Asset Management / Portfolio Management Avg. Duration to get Placed within 3 months of graduation Median Base Salary USD 1,65,000 Median Signing Bonus

USD 30,000

Click Here for MBA Employment Report 2022-2023

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
QS scholarshipsScholarship per studentVariable AmountLevel Of StudyBachelorTypeMerit-Based
FINCAD Women in Finance ScholarshipScholarship per student$ 20,000/Yr$20,000Level Of StudyMasterTypeMerit-Based
WHO InternshipScholarship per studentVariable AmountLevel Of StudyBachelorTypeCompany-Sponsored
BeArt Presets-Academic ScholarshipScholarship per student$ 2,500/Yr$2,500Level Of StudyBachelorTypeMerit-Based
Arkansas ScholarshipsScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific
Young Women in Public Affairs AwardScholarship per student$ 5,000/Yr$5,000Level Of StudyBachelorTypeMerit-Based


Programs Comparison

ranking# 1 for Management by QS World University 2024
# 2 for Management by Times Higher Education 2023
# 4 for Management by QS World University 2024
# 5 for Management by Times Higher Education 2023
# 3 for Management by QS World University 2024
# 3 for Management by Times Higher Education 2023
# 7 for Management by QS World University 2024
# 14 for Management by Times Higher Education 2023
# 11 for Management by QS World University 2024
# 11 for Management by Times Higher Education 2023
# 9 for Management by QS World University 2024
# 13 for Management by Times Higher Education 2023
# 17 for Management by QS World University 2024
# 26 for Management by Times Higher Education 2023
# 8 for Management by QS World University 2024
# 9 for Management by Times Higher Education 2023
-# 63 for Management by QS World University 2024
# 28 for Management by Times Higher Education 2023
# 75 for Management by QS World University 2024
# 38 for Management by Times Higher Education 2023
application#10351 Applicants
# 938 Admissions
# 16 % Acceptance Rate
#4208 Applicants
# 484 Admissions
# 11 % Acceptance Rate
#7324 Applicants
# 436 Admissions
# 5 % Acceptance Rate
#7158 Applicants
# 916 Admissions
# 12 % Acceptance Rate
#6535 Applicants
# 1215 Admissions
# 18 % Acceptance Rate
#4909 Applicants
# 621 Admissions
# 12 % Acceptance Rate
#2795 Applicants
# 559 Admissions
# 20 % Acceptance Rate
#2156 Applicants
# 345 Admissions
# 16 % Acceptance Rate
#3600 Applicants
# 1080 Admissions
# 30 % Acceptance Rate
#1269 Applicants
# 200 Admissions
# 15 % Acceptance Rate
#444 Applicants
# 85 Admissions
# 19 % Acceptance Rate
exam scoresDuolingo - 145/160GMAT - 740/800GRE - 326/340IELTS - 7.5/9TOEFL - 109/120GMAT - 720/800GRE - 311/340IELTS - 7/9TOEFL - 90/120GMAT - 730/800GRE - 328/340IELTS - 7/9PTE - 68/90TOEFL - 113/120Duolingo - 120/160GMAT - 728/800GRE - 324/340IELTS - 7/9TOEFL - 115/120GMAT - 729/800GRE - 310/340IELTS - 7.5/9TOEFL - 100/120Duolingo - 135/160GMAT - 640/800GRE - 301/340IELTS - 7/9PTE - 70/90TOEFL - 104/120GMAT - 640/800GRE - 301/340IELTS - 7/9TOEFL - 100/120GMAT - 720/800GRE - 330/340GMAT - 700/800GRE - 306/340IELTS - 7.5/9PTE - 72/90TOEFL - 105/120Duolingo - 120/160GMAT - 680/800GRE - 300/340IELTS - 7.5/9PTE - 60/90TOEFL - 100/120GMAT - 694/800GRE - 322/340IELTS - 7/9TOEFL - 95/120
documents required#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose
application datesDec 1, 2024 (Application deadline for 2025 Intake)
Sep 30, 2024 (Application Deadline Round 1)
Jan 14, 2025 (Application Deadline Round 2)
Apr 7, 2025 (Application Deadline Round 3)
-Sep 6, 2024 (Round 1 Application Deadline For 2025 Intake)
Dec 14, 2024 (Round 1 Application Decisions By)
Jan 4, 2025 (Round 2 Application Deadline For 2025 Intake)
Mar 26, 2025 (Round 2 Application Decisions By)
Apr 2, 2025 (Round 3 Application Deadline For 2025 Intake)
Apr 24, 2025 (Deferred Admissions Round Application Deadline For 2025 Intake)
May 13, 2025 (Round 3 Application Decisions By)
Jun 27, 2025 (Deferred Admissions Round Application Decisions By)
Aug 15, 2024 (Application Deadline For January 2025 Intake Round 2)
Sep 10, 2024 (Application Deadline For August 2025 Intake Round 1)
Jan 7, 2025 (Application Deadline For August 2025 Intake Round 2)
Apr 1, 2025 (Application Deadline For August 2025 Intake Round 3)
Jun 18, 2025 (Application Deadline For January 2026 Intake Round 1)
Sep 21, 2024 (Application Deadline For 2025 Intake 1)
Jan 4, 2025 (Application Deadline For 2025 Intake 2)
Apr 4, 2025 (Application Deadline For 2025 Intake 3)
-Sep 10, 2024 (Round 1 Application Deadline For 2025 Intake)
Jan 7, 2025 (Round 2 Application Deadline For 2025 Intake)
Apr 8, 2025 (Round 3 Application Deadline For 2025 Intake)
---
Admission Criteria/Better to Have-

GPA of 3.62 and preferably a 730 GMAT Score. Average Work Experience required around 5 years.


GPA of 3.8 average and preferably 733 GMAT Score.Average Work Experience required around 4.7 years.


-


 


-
-

GPA of 3.66 average and preferably 720 GMAT Score. Average Work Experience required around 5 years.


-

GPA of 3.32 average and preferably 680 GMAT Score. Average Work Experience required around 5.4 years.


GPA of 3.3 average and preferably 681 GMAT Score. Average Work Experience required around 5 years.


cost to study-Total Cost (Tuition + Living) -USD 80400Total Cost (Tuition + Living) -USD 76950Total Cost (Tuition + Living) -USD 84874Total Cost (Tuition + Living) -USD 80472Total Cost (Tuition + Living) -USD 74919Total Cost (Tuition + Living) -USD 78276Total Cost (Tuition + Living) -USD 74500Total Cost (Tuition + Living) -USD 65860Total Cost (Tuition + Living) -USD 70000Total Cost (Tuition + Living) -USD 40752
Return on Investment/Average Package-#Average SalaryUSD 135000-#Average SalaryUSD 150000#Average SalaryUSD 150000#Average SalaryUSD 145000#Average SalaryUSD 186438#Average SalaryUSD 150000#Average SalaryUSD 110100#Average SalaryUSD 126250#Average SalaryUSD 117492
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