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Master of Business Administration [M.B.A]
STEM Course
2 years
Full Time
On Campus
Field of Study:
Ranked #5 out of 1502 by THE Global Ranking 2023
₹66.6 L/Yr
$80,400 /Yr
Offered By:
- MBA at Sloan MIT offers a 2-year program, which is ranked 4th in the USA by the QS University Rankings 2023. This program boasts an impressive employability rate of 96.6% and is accredited by AACSB, ensuring that it meets student expectations.
| MBA 2024 Class Profile | |
| Class Size | 408 |
| International Students | 163 |
| Median GPA | 3.62 out of 4.0 |
| Median GMAT | 730 |
| Course Commencement Date | June 1, 2023 |
| Course Credits | 144 |
| Average Work Experience | 5 years |
| Employability rate | 96.6% |
| Notable Alumni | Raghuram Rajan (23rd Governor of the Reserve Bank of India) | Adi Godrej (Chairman, Godrej Group) | Kofi Annan (7th Secretary-General of the United Nations) |
- MIT Sloan provides a range of resources, including one-on-one career coaching, club events, and company presentations, to support students at every stage of their journey.
- Through the Career Core program, MBA students are equipped with the skills to analyze their personal strengths, interests, and values, allowing them to effectively market themselves and identify job opportunities specifically tailored for MBAs. Graduates of the program join an exceptional network of over 136,000 MIT alumni from 90 countries around the world. Additionally, more than 4,000 MIT and MIT Sloan alumni volunteers are available to offer their insights and experience. Students also have the option of a dual degree with one of seven engineering programs.
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Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹6664356 (USD 80400) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Housing | ₹1417419 |
| Food | ₹561746 |
| Transportation | ₹203661 |
| Total Cost | ₹2365184 |
| Other Fees | ₹182358 |
Eligibility & Entry Requirement
| Acceptance Rate | 14% |
| Graduation | 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 |
| GRE/GMAT | no minimum test score required |
| Documents Required |
|
| Application Fee | USD 250 (20,720 INR) |
| Applications Deadline | April 11, 2023 (MBA Round 3) |
| Offer Acceptance time | 2-3 months |
Scores Required
Similar Programs
| Program | Important Date | Total Fees | Median Exams Score | |
|---|---|---|---|---|
 M.B.A, Stanford University2 years | INR 63.8 L/Yr USD 76,950 /Yr |
| ||
 M.B.A, Harvard University2 years | INR 60.9 L/Yr USD 73,440 /Yr |
|
Course Guides
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MBA in Finance in USA: Top Colleges, Cost, Admission Requirements, Scholarships, Scope
MBA in USA Colleges, Fees, Scholarships, Salary
MBA in USA without GMAT: Top Universities, Admission Requirements, Deadlines, FAQs
Career and Placement after Course
| Job offers received | 96.60% |
| Some Recruitment Industries | Consulting | Finance | Pharma / Health / Biotech | Technology |
| Top Employers | The Boston Consulting Group | McKinsey & Company | Amazon | Google | Bain & Company | Goldman Sachs | Capital One | Deloitte Consulting | Amgen | Apple |
| 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 |
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Collegedunia $150 Scholarship Program | Scholarship per student₹ 12,434/Yr$150 | Level Of StudyBachelor | TypeMerit-Based | |
| Go Clean Scholarship | Scholarship per student₹ 2.9 L/Yr$3,500 | Level Of StudyBachelor | TypeMerit-Based | |
| Ellis R. Ott Scholarship for Applied Statistics and Quality Management | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| AAUW International Fellowships | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| Forktip Women’s- Innovation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
| Gyandhan Scholarship | Scholarship per student₹ 1 L/Yr$1,222 | Level Of StudyMaster | TypeMerit-Based |
Programs Comparison
| ranking | # 5 for Business by US News 2024 # 2 for Business by Times Higher Education 2023 | # 5 for Business by Times Higher Education 2023 # 101 for Business by Academy Ranking of World Universities 2021 | # 6 for Business by US News 2024 # 3 for Business by Times Higher Education 2023 | # 14 for Business by Times Higher Education 2023 # 3 for Business by Academy Ranking of World Universities 2021 | # 11 for Business by US News 2024 # 11 for Business by Times Higher Education 2023 | # 13 for Business by Times Higher Education 2023 # 51 for Business by Academy Ranking of World Universities 2021 | # 7 for Business by Bloomberg 2024 # 26 for Business by Times Higher Education 2023 | # 8 for Business by US News 2024 # 9 for Business by Times Higher Education 2023 | - | # 28 for Business by Times Higher Education 2023 # 101 for Business by Academy Ranking of World Universities 2021 | # 38 for Business by Times Higher Education 2023 # 101 for Business by Academy Ranking of World Universities 2021 |
| application | #10351 Applicants # 941 Admissions # 11 % 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 scores | Duolingo - 130/160GMAT - 730/800GRE updated - 326/340IELTS - 7.5/9TOEFL - 109/120 | GMAT - 720/800GRE updated - 311/340IELTS - 7/9TOEFL - 90/120 | GMAT - 730/800IELTS - 7/9PTE - 68/90TOEFL - 100/120 | GMAT - 730/800GRE updated - 324/340IELTS - 6.5/9TOEFL - 100/120 | GMAT - 700/800GRE updated - 310/340IELTS - 7.5/9TOEFL - 100/120 | GMAT - 600/800IELTS - 7.0/9PTE - 54/90TOEFL - 100/120 | GMAT - 640/800GRE updated - 301/340IELTS - 7/9TOEFL - 100/120 | GMAT - 690/800GRE updated - 322/340IELTS - 7/9PTE - 70/90TOEFL - 100/120 | GMAT - 700/800GRE updated - 270/340IELTS - 7.5/9TOEFL - 105/120 | Duolingo - 120/160GMAT - 680/800GRE updated - 300/340IELTS - 7.0/9PTE - 58/90TOEFL - 100/120 | GMAT - 680/800GRE updated - 318/340IELTS - 7/9TOEFL - 95/120 |
| cost to study | Total Cost (Tuition + Living) -INR 6087441.6 | Total Cost (Tuition + Living) -INR 6664356 | Total Cost (Tuition + Living) -INR 6378385.5 | Total Cost (Tuition + Living) -INR 7035205.86 | Total Cost (Tuition + Living) -INR 6670324.08 | Total Cost (Tuition + Living) -INR 6210035.91 | Total Cost (Tuition + Living) -INR 6488297.64 | Total Cost (Tuition + Living) -INR 6175305 | Total Cost (Tuition + Living) -INR 5459135.4 | Total Cost (Tuition + Living) -INR 5802300 | Total Cost (Tuition + Living) -INR 3377933.28 |
| Return on Investment/Average Package | #Average SalaryINR 9532350 | #Average SalaryINR 11190150 | - | #Average SalaryINR 12433500 | #Average SalaryINR 12433500 | #Average SalaryINR 12019050 | #Average SalaryINR 15453845.82 | #Average SalaryINR 12433500 | #Average SalaryINR 8778051 | #Average SalaryINR 10464862.5 | #Average SalaryINR 9738911.88 |
| 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 dates | Sep 6, 2023 (Application Deadline Round 1) Jan 3, 2024 (Application Deadline Round 2) | Apr 3, 2023 (Application Decision Deadline Round 2) Apr 11, 2023 (Application Deadline For 2024 Intake Round 3) May 18, 2023 (Application Decision Deadline Round 3) | - | Mar 29, 2023 (Application Deadline Round 3 For 2023 Intake) Apr 13, 2023 (Interview Invitation For Round 3) May 10, 2023 (Decision Release Date) | Apr 5, 2023 (Application Deadline For August 2023 Intake) Sep 28, 2023 (Application Deadline For January 2024 Intake) | Jan 5, 2024 (Round 2 Document Submission Deadline) Apr 11, 2024 (Round 3 Document Submission Deadline) | - | Mar 24, 2023 (Decision Deadline for 2023 Intake Round 2) Apr 11, 2023 (Application Deadline for 2023 Intake Round 3) May 18, 2023 (Decision Deadline for 2023 Intake Round 3) | - | - | - |
| 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 3.6 average and preferably 722 GMAT Score. Average Work Experience required around 5 years. |
| GPA of 3.6 average and preferably 724 GMAT Score. Average Work Experience required around 5 years. | - | GPA of 3.66 average and preferably 720 GMAT Score. Average Work Experience required around 5 years. | GPA of 3.5 average and preferably 750 GMAT Score. Average Work Experience required around 5.6 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. |
| - | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison |
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Important Dates
| Program | Important Dates |
|---|---|
| M.S Design and Management | Application Decision Deadline Round 2 (5th May 2024) |
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