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Top 10 Business Schools

  1. Harvard Business School
  2. Stanford Graduate School of Business
  3. The Wharton School
  4. Kellogg School of Management
  5. Sloan School of Management
  6. Booth School of Business
  7. Tuck School of Business
  8. Haas School of Business
  9. Columbia Business School
  10. Stern School of Business

Distance Learning MBA

  1. Capella University
  2. DeVry University Online
  3. Northeastern University
  4. Regis University
  5. Salem International University
  6. University of Phoenix
  7. Walden University
 

Massachusetts Institute of Technology Sloan School of Management


The Sloan School of Management is not just the "top school for high-tech business," as would be expected of a school run under the auspices of MIT. Sloan is also a top performer in finance, management, manufacturing operations, international business, entrepreneurship, and economics (brags one student, "Our economics department has to be the best in the world!"). In fact, students give Sloan top grades in all academic disciplines here except marketing.
Technology, of course, is the bread and butter of parent institution. MIT, and students on Sloan's information technology track benefit from the cutting-edge research being done within the university walls. So, too, do finance students, who have access to a $3.5 million trading floor that is virtually identical to the ones in the world's financial capitals. The trading floor not only allows students to gain practical trading experience, but also provides the data for MIT's pioneering research in financial engineering, a new field dedicated primarily to developing the tools with which to analyze the increasingly complex world markets. In manufacturing, the Leaders for Manufacturing program partners the b-school, the school of engineering, and thirteen corporations in a cooperative endeavor to develop new methods of manufacturing and manufacturing education.

Sloan's core requirements take up only a single semester's work, a system that yields mixed results. While students are pleased to get requirements out of the way quickly, they also suggest that the school "make the core courses wider, that is, make it a full year of required courses, not just one semester. The core currently does not require finance theory or marketing, but it should." Furthermore, under the current system "first semester is like boot camp at the Air Force Academy." Students note that the workload lightens appreciably after core courses are completed. They also have the opportunity to choose from more than 100 courses offered each semester.

In all areas at Sloan, "Teamwork is paramount, and group and academic projects reflect this philosophy." Students recognize that they are privileged to study with a "first-rate faculty, second to none." Writes one student, "We have classes with Nobel Prize winners and even get together with them at their places for a beer." They also report that "Administration and professors listen to student comments and complaints, and work to improve courses and overall course load. Professors will make changes mid-semester!'

Ranking: Massachusetts Institute of Technology (Sloan)

Top Business Schools  
Score 92
Peer assessment score (5.0 highest) 4.8
Acceptance rate (full-time) 15.0%
Recruiter assessment score (5.0 highest) 4.3
Average starting salary and bonus (full-time) $131,087
Average undergraduate GPA (full-time) 3.54
Average GMAT score (full-time) 708
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Graduates employed at graduation (full-time) 79.0%
Graduates employed three months after graduation (full-time) 90.3%
Total graduate business enrollment (full-time) 788

Massachusetts Institute of Technology Sloan School of Management

Tuition and Financial Aid: Massachusetts Institute of Technology (Sloan)

Financial Aid Contact Information  
Financial aid director Daniel Barkowitz
Financial aid phone (617) 253-4971
Financial Aid Availability  
Is college-funded aid (fellowships, assistantships, grants, or scholarships) available? Yes
Fellowships available 206
Teaching assistantships available 123
Research assistantships available 53
Are international students eligible for college-funded aid? Yes
2008-2009 Expenses  
Tuition Full-time: $46,784 per year
Required fees $250 per year
Room and board, books, and miscellaneous expenses $29,148
Average indebtedness of 2008 graduating class N/A

MBA Career and Salary Statistics: Massachusetts Institute of Technology (Sloan)

School has submitted its most recent career data in accordance with the MBA Career Services Council Standards for Reporting MBA Employment Statistics and has granted permission to the Graduate Management Admission Council to send an independent third party to review for accuracy and compliance.

Class of 2008  
Total full-time graduates 379
Total full-time graduates known to be seeking employment 290
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Graduates employed at graduation (full-time) 79.0%
Graduates employed three months after graduation (full-time) 90.3%
Total Base Salary  
Total reporting base salary 242
Low base salary $35,000
Average base salary $111,184
High base salary $162,000
Base Salary: U.S. Citizens  
Low base salary: U.S. citizens N/A
Average base salary: U.S. citizens N/A
High base salary: U.S citizen N/A
Base Salary: Foreign Nationals  
Low base salary: Foreign nationals N/A
Average base salary: Foreign nationals N/A
High base salary: Foreign nationals N/A
Total Signing Bonus  
Total reporting signing bonus 194
Low signing bonus $3,000
Average signing bonus $24,828
High signing bonus $57,000
Signing Bonus: U.S. Citizens  
Low signing bonus: U.S. citizens N/A
Average signing bonus: U.S. citizens N/A
High signing bonus: U.S. citizens N/A
Signing Bonus: Foreign Nationals  
Low signing bonus: Foreign nationals N/A
Average signing bonus: Foreign nationals N/A
High signing bonus: Foreign nationals N/A
Total Other Compensation  
Total reporting other compensation 58
Low other compensation $2,500
Average other compensation $24,981
High other compensation $100,000
Other Compensation: U.S. Citizens  
Low other compensation: U.S. citizens N/A
Average other compensation: U.S. citizens N/A
High other compensation: U.S. citizens N/A
Other Compensation: Foreign Nationals  
Low other compensation: Foreign nationals N/A
Average other compensation: Foreign nationals N/A
High other compensation: Foreign nationals N/A
Base Salary by Occupation  
Numbers for employment by occupation are based on those graduates who reported base salary information by three months after graduation.
Number reporting marketing / sales jobs 36
marketing / sales low salary $60,000
marketing / sales average salary $99,894
marketing / sales high salary $125,000
Number reporting Operations / production jobs 22
Operations / production low salary $90,000
Operations / production average salary $109,364
Operations / production high salary $150,000
Number reporting general management jobs 21
General management low salary $90,000
General management average salary $112,190
General management high salary $162,000
Number reporting finance / accounting jobs 71
Finance low salary $35,000
Finance average salary $105,146
Finance high salary $142,000
Number reporting management information systems jobs 0
Management information systems (MIS) low salary N/A
Management information systems (MIS) average salary N/A
Management information systems (MIS) high salary N/A
Number reporting consulting jobs 98
Consulting low salary $57,500
Consulting average salary $120,247
Consulting high salary $160,000
Number reporting human resources jobs 0
Human resources low salary N/A
Human resources average salary N/A
Human resources high salary N/A
Number reporting having jobs in other areas 13
Other occupations low salary $77,000
Other occupations average salary $104,182
Other occupations high salary $125,000
Base Salary by Industry  
Numbers for employment by industry are based on those graduates who reported base salary information by three months after graduation.
Number reporting manufacturing industry jobs 56
Manufacturing industry low salary $60,000
Manufacturing industry average salary $105,163
Manufacturing industry high salary $150,000
Number reporting service industry jobs N/A
Service industry low salary N/A
Service industry average salary N/A
Service industry high salary N/A
Number reporting non-profit jobs 4
Non-profit low salary $95,000
Non-profit average salary $108,750
Non-profit high salary $120,000
Number reporting government jobs N/A
Government low salary N/A
Government average salary N/A
Government high salary N/A
Base Salary by Geographic Region  
Numbers for employment by location are based on those graduates who reported base salary information by three months after graduation.
Number reporting jobs in the Northeast (CT, MA, ME NH, NJ, NY, RI, VT) 124
Northeast low salary $60,000
Northeast average salary $109,504
Northeast high salary $150,000
Number reporting jobs in the Middle Atlantic (DC, DE, MD, PA, VA, WV) 13
Middle Atlantic low salary $70,000
Middle Atlantic average salary $110,846
Middle Atlantic high salary $140,000
Number reporting jobs in the South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) 5
South low salary $95,000
South average salary $101,600
South high salary $110,000
Number reporting jobs in the Midwest (IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, WI) 12
Midwest low salary $57,500
Midwest average salary $104,875
Midwest high salary $162,000
Number reporting jobs in the Southwest (AZ, CO, NM, OK, TX) 3
Southwest low salary $120,000
Southwest average salary $122,667
Southwest high salary $125,000
Number reporting jobs in the West (AK, CA, HI, ID,MT, NV, OR, UT, WA, WY) 53
West low salary $77,000
West average salary $111,592
West high salary $127,000
Number reporting jobs located internationally 50
International low salary $35,000
International average salary $117,112
International high salary $160,000


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