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 |
|
Sample GMAT Practice Test (FREE) |
|
| 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 |
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 |
|
Sample GMAT Practice Test (FREE) |
|
| 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 |
|
