Sloan School of Management [MIT Sloan]

Sloan School of Management was founded in 1914 and is the business school of the Massachusetts Institute of Technology (MIT). MIT Sloan campus is located along the Charles River in Cambridge, Massachusett, USA.The school has a total enrollment of 1,300 students out of which 43% of international students currently studying here. The university ranks among the top 10 as per most ranking agencies. Recently, LinkedIn has ranked the university #5 Top MBA schools 2024 globally. 

MIT Sloan School of Management is among the most prominent business schools in the USA. Programs at MIT Sloan such as Master of Finance and Master of Science in Management Studies have international student populations as high as 87% and 96% respectively. The school has global programs through which it maintains public and private collaborations with 53 locations across 6 continents.

Ranked #1 as the best value school by US News 2022, MIT is one of the most affordable school in USA. The average tuition Fee at MIT sloan for UG programs is 22.16 lakhs. Whereas the tuition fee for PG programs at MIT Sloan ranges from 60.75 lakhs to 91.15 lakhs. The cost of living in USA for an international students can cost around 31.3 lakhs per year.

Likes -

• Impressive Rankings -MIT Sloan is considered one of the best business schools in the USA and always secures impressive rankings. Impressively, 7122 applicants applied for the MBA program of MIT Sloan last year.
• High international student rate - The school has a large ratio of international students. There are overall 43% of international students currently studying here.
• Impressive alumni profile - Alumni of the school are founders of renowned companies like PillPack, E*Trade, Akamai, Gartner, Genentech, HubSpot, InVivo Therapeutics, Zipcar, etc.
• Partnership with major MNC’s- Several Fortune 500 companies like Amazon, Facebook, Google, Microsoft, Pfizer, etc. have offices in Cambridge that provide students with opportunities after graduation.

Dislikes -

• Selective Admissions - The institute is highly competitive with an acceptance rate of 4.1%. It is hard to get admission into MIT Sloan.
• Limited Academic Programs - MIT Sloan offers a limited number of academic options. There are not many streams and majors to choose from in the school since it is mainly focused on business-centric operations.
• Expensive - the tuition of the university is a little bit expensive for international students. The total cost of attendance at the university is greater than other business schools in the USA.

Sloan School of Management Application Process

Students applying for any program at the Massachusetts Institute of Technology must follow the guidelines for admission to the Sloan School of Management.

Application Portal: Application Fee: 75 USD- 250 USD.
Admission Requirements for UG Programs:

• Students must provide their GPA scores, along with previous transcripts and results.
• Proof of English language proficiency
• Essays
• Passport photocopy for U.S. visa documentation.
• Three letters of recommendation.
• Scores of ACT/ SAT
• Financial support documentation (mandatory for F-1 visa applicants):
• A bank statement or letter of scholarship
• Privately sponsored students must provide a declaration of such financial support.
• An official letter from the Government must be submitted for government-sponsored students.

Admission Requirements for PG Programs:

• GMAT/ GRE scores
• A resume
• Take an essay question.
• Submit video questions.
• Previous transcripts and study records.
• 3 letters of recommendation.
• English Language Proficiency Score
  • TOEFL iBT - 90
  • IELTS - 7.0 Band
  • PTE - 65

Sloan School of Management Cost of Attendance

The cost of attendance refers to the average value of the overall expense of one year attending a particular school. The cost of attendance to live in the US when enrolled at MIT Sloan School of Management is given below:

Category	Annual Tuition Fee (in INR)
Fee	1.98 lakh
Books and Supplies	1.96 lakh
Computer	1.54 lakh
Food	4.80 lakh
Personal Expenses (including health insurance)	7.17 lakh
Housing	12.12 lakh
Transportation	1.73 lakh

Sloan School of Management Placement

MIT Sloan Management School offers opportunities for placement right after graduation to job-seeking. MIT Sloan School of Management has a Career development office where students, graduates, and alumni can learn and enhance their professional skills to start their careers. Amazon, Bain & Company, McKinsey & Company, and The Boston Consulting Group are some of the Top Employers of MIT Sloan. MIT Sloan currently has 96% placement success.

Below is the impressive master of finance graduates employment report highlights-

• 100% of finance graduates received an offer for employment within 6 months of graduation.
• 100% of Masters of Finance graduates got full-time job offers according to the latest report.
• 88% of international graduated students got jobs.

Below is a table depicting Sloan School of Management graduates and alumni working as professionals in various sectors along with their salaries:

Below is a table depicting the salary Sloan School of Management graduates get depending on their degree and qualification:

Degree	Average Salary in INR
Masters in Management	1.38 Cr
Executive MBA	1.27 Cr
MBA	1.25 Cr
Doctorate	1.13 Cr
Ph.D.	1.08 Cr
Masters in Science	95 Lakh

The best-paying degree at Sloan School of Management is Masters in Management with a graduate earning an annual average of 1.37 crores whereas at the lowest are alumni with Masters in Finance degree earning an annual average salary of 70.8 lakh. Under the employment sector, the Healthcare and Alternative Medicine division graduates benefit at an average annual salary of 2.08 crores. Architecture, Real Estate & Design jobs major graduates have the lowest paid job of 55 lakh annual salary.