Introduction to MIT Sloan MSBA
The Master of Science in Business Analytics (MSBA) program at the Massachusetts Institute of Technology (MIT) is a cutting-edge initiative designed to equip students with the skills and knowledge needed to thrive in the data-driven business landscape.
The program blends advanced analytics and business strategy, providing a holistic understanding of how data can be harnessed to make informed decisions. With a curriculum that encompasses statistical modeling, machine learning, and data visualization, the MSBA program at MIT prepares students to address real-world challenges using innovative analytical techniques.
Beyond academic rigor, the program fosters a collaborative and dynamic learning environment, encouraging students to engage with industry professionals and participate in hands-on projects that reflect the intersection of business and analytics.
720
Avg. GMAT
23
Avg. Age
$137K
Avg. Cost of Study
12
Months Duration
$127K
Avg. Salary
What is a good GMAT score for MIT MSBA?
Short Answer – The average GMAT score to secure admission to MIT Sloan Business Analytics is 720 for the last entering class. If you score above 720, you have a fair shot and you will receive an encouraging response to your profile evaluation from the admission committee.
Long Answer – However, there is no such thing as a safe score, higher is always better. In our years of consulting experience, we have seen our clients with 640, eventually getting selected into top schools like INSEAD and on the other hand, someone with a 770 getting rejected too. A good benchmark that we advise all our clients to beat is the average GMAT score of the last entering class as mentioned in the Class profile published every year. Scoring above the average gets you a fair shot;
“The higher your score, the better is it for your interview or admission chance.”
If you plan to apply with a score below the average, then you are starting a fight with one hand tied behind your back or, say, starting a few yards behind your competitors. You can catch up in other application sections by writing outstanding essays or performing well in an interview later. But it is always nice to start ahead of the competitor. A higher GMAT score helps one gain a competitive advantage.
“What if you are from the overrepresented Indian or Asian Pool?”
The over-represented candidate pool chiefly of Indian or Chinese applicants usually goes through a rigorous preparation process for GMAT, with a lot of Indian applicants scoring quite high. Hence, the overall competition and the Average score for this diaspora go up by a few notches. That is why we recommend candidates within the most over-represented profiles shoot at least 20 points higher than the school’s class profile average.
Why Study MSBA at MIT?
1
QS Top MSBA
Choosing to pursue a Master of Science in Business Analytics at MIT offers unparalleled advantages. MIT’s strong emphasis on cutting-edge research and technological innovation permeates the MSBA program, ensuring that students receive a world-class education at the forefront of the analytics field.
The program’s faculty comprises leading experts and practitioners, providing students with insights grounded in both academic rigor and industry relevance. Furthermore, MIT’s extensive network of alumni and industry connections opens doors to unique opportunities for internships, collaborations, and career advancement.
Studying MSBA at MIT means being part of a community that values curiosity, collaboration, and a commitment to shaping the future of business through data-driven decision-making.
Program Costs + Living Expenses : MSBA at MIT Sloan
$ 86,300
Tuition Fee
+
$ 50,965
Living Cost
Avg. Cost of Study
The Tuition fee for MIT SLOAN Business Analytics course is $ 86,300 with an additional $ 50,965 in living costs. Upon acceptance into the program, all students intending to apply for loans, including international students, must submit the MIT Graduate Loan Application form to MIT Student Financial Services.
There is a provision of additional funding through various fellowships namely Forté Foundation Fellowships, Dean’s Fellowships, The Nippon Foundation’s International Fellowship etc.
Employment Prospects : MSBA at MIT Sloan
Employed within 3 months of graduation
Avg. Salary
Most Sought-after Jobs
Data Scientist/Analyst
Business Intelligence (BI) Developer
Machine Learning Engineer
Quantitative Analyst
Operations Analyst
As per official data, the Class of 2022 found opportunities to drive transformation through data at over 30 companies. Of those seeking opportunities this year, 98.2% accepted roles in Data Science functions. Growth potential was the primary reason candidates accepted their position.
MIT Sloan MSBA Employment for the last graduating class was $132,413. Almost 100% of the class was employed within 6 months of graduation. The top industries were Technology (41.1%), Consulting (30.1%), and Finance (10.7 %).
Key Employers
- Mckinsey
- Amazon
- JP Morgan Chase & Co.
- Microsoft
- Nike
- Bank of America Merrill Lynch
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Scholarships Available : MSBA at MIT Sloan
MIT offers a range of scholarships to support talented and deserving individuals on their academic journey. These scholarships cover a variety of fields, including the Master of Science in Business Analytics (MSBA) program.
Prospective students can explore the diverse scholarship opportunities available on the MIT scholarships homepage.
From merit-based awards to need-based financial aid, MIT is dedicated to ensuring that financial considerations do not hinder the pursuit of academic excellence. The scholarships aim to attract a diverse and talented pool of students who can contribute to MIT’s rich academic community.
Aspiring scholars can find detailed information, eligibility criteria, and application procedures on the MIT scholarships homepage, making it a valuable resource for those seeking financial support for their education at one of the world’s premier institutions.
FAQs About MSBA at MIT Sloan
Is the interview required for MIT MSBA?
Yes! The interview is an important and required component of the admissions process for the MIT Sloan MBAN program. The goal with the interview is to get to know you better and understand the strengths you’ll bring to the MIT Sloan community. During the interview, professional presence and communication, as well as English language proficiency will be judged altogether.
Is work experience needed in order to apply for MIT Sloan MSBA?
The short answer is no. While some MIT Sloan MBAn applicants have several years of experience, this is not a requirement for admission. A significant number of our students are recent college graduates who have completed an internship before enrolling in the MBAn program. Others have up to three years of full-time work experience.
Is it possible to waive the application fee?
MIT Sloan fee waivers are offered to the following applicants to secure a seat at MIT Sloan MSBA:
- Current Teach for America Members or Alumni
- Current Peace Corps
- Leadership Brainery Participants
- Veteran or Active Duty U.S. Military Personnel
Does MIT MSBA requires GRE/GMAT score ?
The GRE and GMAT are components of the application process and play an important role in the evaluation process for securing a seat in MIT Sloan MSBA.
