MIT MBA Acceptance Rate

Are you wondering how to get accepted into the MIT mba program? Take a look at this article prepared. Also, if you want to learn more about the MIT Sloan School of Management, mba cost or find some other relevant information I am sure it will be helpful. 

If you’re planning to study at the Massachusetts Institute of Technology (MIT) under their renowned Master of Management (M.M.) program then you’ve come to the right place. This article will give you a detailed look into the MIT MBA program and its requirements.

MIT MBA Acceptance Rate

MIT is one of the most selective business schools in the top ten after Stanford and Harvard. The MIT MBA acceptance rate is only 13%, however several factors can influence your chance of admission at Sloan. Known for its philosophy of ‘learning by doing’ MIT Sloan School of Management, the business school of MIT, offers a collaborative and creative environment that fosters personal and professional growth.

Fast Facts: MIT Sloan MBA

Acceptance Rate	22%i
GMAT Median	720
GPA Median	Does not disclose
Avg. Years Work Experience	5.0 years

Source: MIT Sloan, Class of 2022 data

Situated just across the Charles River from the city of Boston, MIT Sloan has long sought to push the envelope of business education in its MBA program. An emphasis on an innovative and experiential approach to business education in this sense is greatly aided by its links to the wider MIT community and expertise.

To get admission in MIT Sloan, applicants from around the world give their best shot during the admission season. MIT Sloan has a low acceptance rate of 11.6% and a considerably high yield rate of 60.3%. This means, one certainly needs to stand out in all aspects of one’s application to be able to secure a seat at MIT Sloan. That’s where the GMAT comes into the picture.

mit mba requirements

MIT Sloan MBA Program

100 Main StreetBuilding E52-359CambridgeMA02139

Phone: 

(617) 258-5434

Email: 

mbaadmissions.mitsloan@mit.edu

Website: 

MIT Sloan MBA Program

Application Opens: 

Summer

Deadline: 

September 28January 19April 12

Fee: 

$250.00

Terms of Enrollment: 

Fall Term (August)

Degrees: 

Master of Business Administration (MBA)

Interdisciplinary Programs: 

Leaders for Global Operations (LGO)

Standardized Tests: 

Graduate Record Examination (GRE)

• GRE or GMAT score required
• Institute code: 3791

Graduate Management Admissions Test (GMAT)

• GMAT or GRE score required
• Department code: X5X-QS-41

TOEFL/IELTS scores not required.

Areas of Research: 

Enterprise ManagementEntrepreneurship and InnovationFinance

Application Requirements: 

Online application

Cover Letter

Resume

Video statement

One letter of recommendation

Additional references

Organizational structureTranscripts

GMAT or GRE Test Scores

PHD

Admissions Requirements

The following are general requirements you should meet to apply to the MIT Sloan PhD Program. Complete instructions concerning application requirements are available in the online application.

General Requirements

• Bachelor’s degree or equivalent
• A strong quantitative background (the Accounting group requires calculus)
• Exposure to microeconomics and macroeconomics (the Accounting group requires microeconomics)

One excellent resource that we recommend is A Guide to Business PhD Applications by Abhishek Nagaraj (PhD 2016). 

Application Components

Statement of Purpose

Your written statement is your chance to convince the admissions committee that you will do excellent doctoral work and that you have the promise to have a successful career as an academic researcher. 

GMAT/GRE Scores

We require either a GMAT or GRE score from a test taken no earlier than April 15, 2017. Your unofficial score report from the testing institution is sufficient for application. If you are admitted to the program, you will be required to submit your official test score for verification.    

We do not have a minimum score requirement. We are not offering pandemic-related test waivers, though at-home testing is allowed. Registration information for the GMAT (code X5X-QS-21) and GRE (code 3510) may be obtained at www.mba.com and www.ets.org respectively.

TOEFL/IELTS Scores

We require either a TOEFL (minimum score 577 PBT/90 IBT ) or IELTS (minimum score 7) official score report from a test taken no earlier than April 15, 2020 for all non-native English speakers. Your unofficial score report from the testing institution is sufficient for application. If you are admitted to the program, you will be required to submit your official test score for verification.    Registration information for TOEFL (code 3510) and IELTS may be obtained at www.toefl.org and www.ielts.org respectively.

• The TOEFL/IELTS test requirement is waived only if you meet one of the following criteria:
  • You are a native English speaker.
  • You attended a four-year undergraduate program in the United States, United Kingdom, Ireland, Canada, Australia or New Zealand and are a graduate of that program.

Please do not contact the PhD Program regarding waivers, as none will be discussed. If, upon review, the faculty are interested in your application with a missing required TOEFL or IELTS score, we will contact you at that time to request a score.

Transcripts

We require unofficial copies of transcripts for each college or university you have attended, even if no degree was awarded. If these transcripts are in a language other than English, we also require a copy of a certified translation. In addition, you will be asked to list the five most relevant courses you have taken.

Letters of Recommendation

We require three letters of recommendation. Academic letters are preferred, especially those providing evidence of research potential. We allow for an optional fourth recommendation, but no more than four recommendations are allowed.

Resume

Your resume should be no more than two pages. You may chose to include teaching, professional experience, research experience, publications, and other accomplishments in outside activities.

• Video EssayA video essay is required for the Accounting research group and optional for the Marketing and System Dynamics research groups. The essay is a short and informal video answering why you selected this research group and a time where you creatively solved a problem. The video can be recorded with your phone or computer, and should range from 2 to 5 minutes in length. There is no attention — zero emphasis! — on the production value of your video.  

Nondiscrimination Policy: The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment. 

mit mba cost

Sloan School of Management tuition

Tuition for Masters-level degree programs at the Sloan School of Management. Amounts are per academic year unless noted.

2021-2022
MBA Program(Also charged mandatory $2,200 per year Sloan program fee)	$78,954
Sloan Fellows MBA (Rate is inclusive of all fees)	$138,850
Executive MBA — 20 months (Rate is inclusive of all fees)	$185,435
Leaders for Global Operations (Also charged mandatory $2,200 per year Sloan program fee)	$78,954
Master of Finance — 18 months(12-month option costs $82,150)	$113,700
Master of Science in Management Studies(Also charged mandatory $2,200 per year Sloan program fee)	$78,954
Master of Business Analytics(Summer tuition subsidy brings total real cost to $63,250)	$85,250

MBA

How to Apply to the MBA Program

What’s your story? What experiences have shaped who you are today? We want to know. We are on a quest to find curious, passionate, analytical candidates who will enhance the collaborative community here at MIT. Our goal is to create a vibrant learning environment rich in diverse ideas and life experiences. That’s why we welcome applicants from all over the globe, and from all areas of study, including the humanities, the social and physical sciences, business, and engineering. Above all, we seek thoughtful leaders with exceptional intellectual abilities, determined to make their mark in the world—people who value dignity and respect. 

Application Deadlines for August 2022 Entry

The Admissions Committee reviews all applications and will notify applicants of their decision on or before these deadlines. Please note that in the interest of confidentiality, we will only deliver official decisions via your online application.

	Applications must be submitted by 3:00 p.m. EST	The Admissions Committee notifies applicants of their decision by*
MBA Round 1	September 28, 2021	December 15, 2021
MBA Round 2	January 19, 2022	April 4, 2022
MBA Round 3	April 12, 2022	June 1, 2022

MBA Round 1

MBA Round 2

MBA Round 3

*Decisions will be released early for candidates who have been denied admission without an interview.  Reapplicants may submit an application in any round. LGO applicants must apply in the LGO Round.

MIT Sloan MBA Application Tips

A complete application for 2022 entry consists of the following:

Cover Letter

MIT Sloan seeks students whose personal characteristics demonstrate that they will make the most of the incredible opportunities at MIT, both academic and non-academic. We are on a quest to find those whose presence will enhance the experience of other students. We seek thoughtful leaders with exceptional intellectual abilities and the drive and determination to put their stamp on the world. We welcome people who are independent, authentic, and fearlessly creative — true doers. We want people who can redefine solutions to conventional problems, and strive to preempt unconventional dilemmas with cutting-edge ideas. We demand integrity and respect passion.

Taking the above into consideration, please submit a cover letter seeking a place in the MIT Sloan MBA program. Your letter should conform to a standard business correspondence, include one or more professional examples that illustrate why you meet the desired criteria above, and be addressed to the Admissions Committee (300 words or fewer, excluding address and salutation).

Resume

Please submit a one-page resume. This will help us easily track your academic and career path. Try to focus on your work results, not just your title or job description. Here are some pointers on formatting: 

• One page limit
• Times New Roman font
• Size 10 font
• Word or PDF formats only

Provide the following information in reverse chronological order:

• Education: Please include relevant awards, scholarships and professional societies
• Work Experience: Please include company name, title, results-oriented bullets that demonstrate your skill set, and dates
• Additional information: Please include extracurricular activities/community service, technical skills/certifications, and special skills/interests, and languages spoken (if applicable)

Video Statement

Introduce yourself to your future classmates. Here’s your chance to put a face with a name, let your personality shine through, be conversational, be yourself. We can’t wait to meet you! Videos should adhere to the following guidelines:

• No more than 1 minute (60 second) in length
• Single take (no editing) 
• Speaking directly to the camera
• Do not include background music or subtitles

One Letter of Recommendation

A detailed recommendation can tell us a lot about you. Make sure you select an individual qualified to speak about your results as a professional and your potential as a leader. Some important details:

• MBA applicants must submit one letter of recommendation.
• A recommendation from a professional contact is preferred, ideally a manager or supervisor.
• We do not accept recommendations from family members.
• Your letter of recommendation must be received by the deadline date for the round you are applying (see above for our deadlines.) It is your responsibility to remind your recommender to make sure it is submitted on time.

MIT Sloan utilizes the GMAC Common Letter of Recommendation form. More information about the GMAC Common Letter of Recommendation can be found here. Please navigate to the Recommendation Letter section of the application and add your recommender’s contact information; they will be sent instructions on how to submit their letter.

Additional References

We want to make sure we give you the best chance to show us your strengths, so please provide us with contact information for two additional professional references. If we still have questions after reading your application, we might reach out to one or both of these references. Similar to your recommender, these additional references should be able to speak to your professional and/or academic background. These two individuals should be different from your recommender.

Organizational Chart

To help us better understand your current role and the impact that you have on your team and department, please submit an organizational chart. We should be able to clearly understand the internal structure of your organization, where you sit in your organization, and your line of reporting.

Organizational charts should not be more than two pages and keep the following in mind:

• Give us as much details as possible (names, titles, etc.) but it’s ok to redact names if you need to.
• Make sure we can easily identify where you are, to whom you report, and if applicable, who reports to you.
• If your recommender or references are on your organizational chart (they may not be, and that’s ok!), please highlight them for us.
• Most applicants only submit one page. However, you are welcome to submit a second if you recently changed positions or companies.
• If you are a consultant, entrepreneur, or affiliated with the military review our FAQs for suggestions on how to approach the organizational chart.

Transcripts

 Please scan and upload your transcript(s) from all colleges and universities you attended or are currently attending. If you are currently earning a degree, please upload your most up-to-date transcript. We review transcripts carefully, please double check that what you have uploaded is legible; if you can’t read it, neither can we!

Some important details:

• All applicants to the program must hold a four-year undergraduate degree or three-year equivalent undergraduate degree from outside of the U.S, by time of matriculation.
• Do not mail any hard copies of official academic records or transcripts.  
• If your transcripts are not in English, please scan and upload both the original and the certified translation.
• We cannot accept “digitally signed” or encrypted transcripts. If you’re having difficulty uploading your document, this may be the reason. Print out your transcript, scan it, and upload the PDF.

Once admitted to the program you will be required to provide an official signed and sealed transcript from all schools attended. Any discrepancies between the scanned transcripts and official transcripts may result in a candidate’s rejection or a withdrawal of our offer of admission.

Test Scores

Standardized tests, such as GMAT and GRE are a component of the application process and play an important role in our holistic evaluation process. The admissions committee will continue to accept the remote/at-home version of these exams. Due to the ongoing Covid 19 pandemic, the MBA Program will allow for candidates for the 2021-22 admission cycle to submit a request for a test waiver, should their current situation prevent them from safely being able to access an exam. If the waiver is approved, and the candidate is admitted, no test will be required. To request a test waiver, please start your application and navigate to the Test Scores section and fill out the test waiver request form; once submitted, you will receive a response as soon as possible.

We will accept self-reported test scores by the application deadline, and welcome either traditional or online version of exams. Official scores should also be sent using the following school codes:

• GMAT School Code: X5X-QS-41
• GRE School Code: 3791

Relevant Coursework & Professional Certifications

We welcome applicants from many types of academic backgrounds and do not have any academic prerequisites. That being said, we want to understand what relevant coursework you have already completed in order to assess how you might handle our core MBA courses.

In the application, we ask you to tell us which courses (if any) in the following subject areas you have taken. We’ll also ask what grade you received in each course.

• Calculus
• Communications
• Computer Programming
• Linear Algebra
• Microecomics
• Organizational Behavior
• Probability
• Statistics

Additionally, if you earned special certifications or took professional development courses in your spare time, please tell us about them! Feel free to submit academic evidence not already on your transcripts, such as: professional certifications CFA, CPA, ACCA, among others; non-degree coursework such as MITx MicroMasters, CORe, edX, MBA Math, or any other non-degree coursework you completed.

Application Fee

The non-refundable application fee of $250.00 USD must be paid online prior to submitting your application.

We offer fee waivers to the following applicants: 

• Veteran or active duty U.S. military personnel
• Current Teach for America members or alumni
• Current Peace Corps members
• MLT/Jumpstart MBA Prep Fellows
• Forté MBA Launch Participants

To request a fee waiver, please start your application and navigate to the Payment section where you will find the fee waiver form and information on the documentation required to obtain the waiver. Your request will be reviewed and you will receive an email with the results. If your fee is waived, it will be reflected on this page and you will be able to proceed with submission. 

Please note that all fee waiver requests must be submitted at least ONE week before the application deadline and we cannot grant retroactive fee waivers if the application fee has already been paid online.