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Ameer Khatri MBA Consultant

MIT Sloan MSBA

June 7, 2023

720

Avg. GMAT

23

Avg. Age

1.5 Yrs.

Avg. Exp.

78

Class Size

12 

Months Duration

Table of Contents

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. 

 

Average Employment Salary after MIT MSBA?

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

100%

Employed within 6 months of graduation

127,750

Avg. Salary

 

30.1%

Consulting

10.7% 

Finance

41.1%

Technology

17.8% 

others

 

$ 86,300 

Tuition Fee

$ 50,965

Living Cost

137,265

Cost of Attendance

Tuition Fees & Scholarship for MIT SLOAN MSBA

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.

 

Important Scholarships

Quick Overview & Rankings

1

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Deadlines

MIT SLOAN Application Essays

Essay Question-

Please tell us why you’re pursuing the Master of Business Analytics degree at MIT Sloan. What do you hope to gain from the program? What are your career aspirations? (500 words or less)

Video Essay Questions-

Question 1: Introduce yourself to your future classmates. Here’s your chance to put a face with a name, let your personality shine through, be conversational, and be yourself. We can’t wait to meet you!

Videos should adhere to the following guidelines:

No more than 1 minute (60 seconds) in length
Single take (no editing)
Speaking directly to the camera
Do not include background music or subtitles

Question 2: All MBAn applicants will be prompted to respond to a randomly generated, open-ended question.

Video Question 2 is a part of your required application materials and will appear as a page within the application, once the other parts of your application are completed.

The question is designed to help us get to know you better; to see how you express yourself and to assess your fit with the MIT Sloan culture. It does not require prior preparation and will not be a technical question.

Applicants are given one minute to prepare a 60-second response.

MIT Sloan Recommendations

MBAn applicants must submit three letters of recommendation.

A detailed recommendation can tell us a lot about you so make sure you select individuals qualified to speak about your qualifications and impact. One letter must come from someone who can speak to your quantitative abilities.

If you are a current student, you should submit three academic letters of recommendation. If you are working full-time, you should submit two academic letters of recommendation and one letter from your most recent employer.

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MIT Sloan

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.

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.

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

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.

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