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MIT Sloan MBA

Massachusetts Institute of Technology
MIT Sloan School of Management
Cambridge, Massachusetts, United States
Accreditation: AACSB
Faculty:
Year Founded:

Degree Granted: Masters of Business Administration (MBA)
Program Type: Full-time
Delivery Format: Not Entered
Program Length: Not Entered
Web Site: http://mitsloan.mit.edu

Founded in 1914, the management school at the Massachusetts Institute of Technology first offered a curriculum in engineering administration. The scope and depth of this educational focus have grown steadily in response to advances in the theory and practice of management to today’s broad-based management school. A program offering a master’s degree in management was established in 1925. The world’s first university-based executive education program—the Sloan Fellows—was created in 1931 under the sponsorship of Alfred P. Sloan, Jr., the 1895 MIT graduate who was then chairman of General Motors. A Sloan Foundation grant established the MIT School of Industrial Management in 1952 charged with educating the “ideal manager.” Today, the mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and to generate ideas that advance management science. Every year, some 324 women and men join the MIT Sloan MBA Program. While our students have a wide variety of backgrounds, experiences, and interests, all of them share some common characteristics: a strong desire and ability to improve upon the status quo, intellectual curiosity, a track record of success, both personally and professionally, the ability to work well with others, passion, humility and others. We particularly encourage college seniors to apply. We welcome applications from all undergraduate majors, particularly the humanities and social science fields. If you are interested in dual-degrees with Harvard’s Kennedy School of Government, you will find the latest information regarding this three-year, dual-degree option on our website http://mitsloan.mit.edu/mba/program/mitsloan-jfk.php).

Application Fee: 230 USD (United States of America, Dollars)

Employment statistics reported here for graduates of the MIT Sloan MBA Program program reflect all information received as of September 30, 2006 for the 12-month period ending June 30, 2006. 

[-] Overall Job Acceptance
 
Total class: 369
Seeking employment: 302 (81.84%)
Received offer by three months after graduation: 295 (97.68%)

[+] Overall compensation
 
Base Salary
$101,988
$100,000
$6,500 - $165,000
 
Signing Bonus
$20,389
$20,000
$2,000 - $70,000
 
Other Guaranteed Compensation
$25,704
$18,000
$3,000 - $125,000
 

[-] Job Acceptance and Salary by Functional Area
(U.S. Dollars)

 
  Percent Accepting Offers Mean Salary Median Salary Range of Salary
Consulting 30.6% $108,398 $110,000 $82,000 - $140,000
Finance/Accounting 28.8% $96,545 $95,000 $70,000 - $150,000
General Management 6.4% $103,389 $106,000 $6,500 - $150,000
Human Resources Not Entered Not Entered Not Entered Not Entered
Management Information Systems 0.7% $100,000 $100,000 $90,000 - $110,000
Marketing/Sales 9.6% $96,946 $95,000 $60,000 - $132,000
Operations/ Production 10.0% $97,667 $100,000 $42,000 - $125,000
Other 13.9% $104,865 $100,000 $50,000 - $165,000

[-] Job Acceptance and Salary by Industry (U.S. Dollars)
 
  Percent Accepting Offers Mean Salary Median Salary Range of Salary
Consulting Services 28.8% $108,828 $110,000 $85,000 - $132,000
Financial Services 30.8% $98,081 $95,000 $70,000 - $150,000
Government Not Entered Not Entered Not Entered Not Entered
Manufacturing 6.7% $93,059 $100,000 $6,500 - $130,000
Consumer Products 2.8% $100,857 $90,000 $75,000 - $132,000
Media Entertainment 4.2% $104,583 $105,000 $50,000 - $165,000
Petroleum Energy 0.7% Not Entered Not Entered Not Entered
Pharma/BioT/HealthcareProducts 6.0% $102,943 $102,000 $88,704 - $125,000
Real Estate 0.7% $100,000 $100,000 $75,000 - $125,000
Technology 16.1% $103,314 $100,000 $60,000 - $150,000
Non-Profit 0.4% $42,000 $42,000 $42,000 - $42,000
Other Services 2.8% $92,313 $92,500 $73,500 - $105,000

[-] Job Acceptance and Salary by Geographic Region
(U.S. Dollars) 

 
  Percent Accepting Offers Mean Salary Median Salary Range of Salary
Mid-Atlantic U.S. 5.0% $100,979 $100,000 $85,000 - $125,000
Midwest U.S. 1.8% $94,000 $93,000 $82,000 - $110,000
Northeast U.S. 47.7% $102,723 $100,000 $50,000 - $165,000
South U.S. 4.3% $106,900 $110,000 $95,000 - $115,000
Southwest U.S. 3.5% $94,350 $92,500 $70,000 - $115,000
West U.S. 18.1% $106,061 $105,000 $80,000 - $150,000
U.S. Possessions & Territories Not Entered Not Entered Not Entered Not Entered
International Total 19.6% $98,021 $100,000 $6,500 - $140,000
Africa Not Entered Not Entered Not Entered Not Entered
Asia 9.3% $92,348 $95,000 $6,500 - $115,000
Europe 6.8% $108,338 $105,000 $90,000 - $140,000
Latin America & the Caribbean 3.6% $93,778 $95,000 $50,000 - $132,000
North America (except United States) Not Entered Not Entered Not Entered Not Entered
Oceania Not Entered Not Entered Not Entered Not Entered

[-] Job Acceptance and Salary by Undergraduate/First Degree Major (U.S. Dollars) 
 
  Percent Accepting Offers Mean Salary Median Salary Range of Salary
Business 19.3% $102,398 $101,000 $42,000 - $140,000
Technical 57.9% $102,101 $100,000 $6,500 - $165,000
Other 22.8% $101,541 $100,000 $73,500 - $140,000

[-] Job Acceptance and Salary by Professional Experience (U.S. Dollars) 
 
  Percent Accepting Offers Mean Salary Median Salary Range of Salary
One Year or Less 0.3% Not Entered Not Entered Not Entered
More than One Year, Up to Three Years 12.6% $97,763 $98,000 $50,000 - $115,000
More than Three Years, Up to Five Years 47.2% $100,716 $100,000 $6,500 - $140,000
More than Five Years 39.9% $104,943 $105,000 $50,000 - $165,000

 


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