Massachusetts Institute of Technology

The Massachusetts Institute of Technology is also featured in our ranking The Top 10 Business Degrees and Schools.

MBA at Massachusetts Institute of Technology

MIT offers a Master of Business Administration through Sloan School of Management. The program emphasizes collaborative learning where students work together to solve problems. Students are split up into cohorts with a diversity of individuals who move through the core semester together. In each cohort, there are smaller groups of six or seven students who work together on assignments and projects and study for exams. Action learning is also the focal point of the MIT MBA program that describes the school’s method of management education and a broad range of practical learning experiences for students. To build on their developing know-how, students use their leadership abilities and apply classroom concepts to management issues in organizations around the globe. Action learnings are available in specific subject areas, such as analytics or sustainability, type of organization, or geographic region. Students participate in various activities, like providing big data companies with a comprehensive evaluation of credit scoring tactics or comparing an entity’s sustainability with industry standards.

The program includes a one-semester core component that is comprehensive and team-based to enable students to build a solid business foundation. Students gain fundamental abilities through courses in accounting, economics, business statistics, leadership communication, and organizational processes. Students also have the ability to select one elective: management, finance, operations management, or competitive strategy. After completion of the first-semester core, students are able to personalize their curriculum to match their career goals and interests. They are able to choose from specialized tracks in finance, enterprise management, and entrepreneurship and innovation. The tracks enable students to gain a deeper understanding of the area to hopefully provide a competitive edge for future careers. During the second year of the MBA program, students have the option of composing a thesis. The MIT MBA program also features the Sloan Innovation Period, which occurs at the midpoint of every semester to provide students with a weeklong rigorous experiential leadership learning experiences. The experiences include leadership development seminars, personal sessions with senior executives, real-time simulations, skill-building workshops, and reflection activities. Students are able to focus on a certain area of interest during these experiences. The program requires the completion of a total of 144 units.

About Massachusetts Institute of Technology

Massachusetts Institute of Technology, commonly called MIT, is a private, research institution of higher learning residing in Cambridge, Massachusetts. It is a member of the Association of American Universities. It is committed to educating students in technology, science, and other areas that will make an impact on the nation and world in today’s dynamic society. It is dedicated to producing, delivering, and maintaining knowledge to assist with the greatest challenges in the world. It provides students with an academic experience that mixes rigorous education and the excitement of discovery through hands-on learning experiences. It strives to develop every student with the ability and passion to work effectively, creatively, and wisely to improve the lives of all. Massachusetts Institute of Technology offers 53 undergraduate major programs. It is home to five schools of education: School of Science, School of Architecture and Planning, School of Engineering, School of Humanities, Arts, and Social Sciences, and Sloan School of Management. The largest school by enrollment is the School of Engineering. The student to faculty ratio for undergraduate students is three to one.

MIT was founded in 1861 with the goal of making the world a better place. The first student applicant was accepted in 1865 and by the end of the preliminary session, there were 28 students. The first graduating class was in 1868. The institute grew rapidly, adding buildings, programs, and schools of education. The first master’s degree was awarded in 1886. MIT features a rich history of establishing new programs and centers. In 1973, the Center for Cancer Research was founded. Study abroad programs began in 1981. Various professors from MIT are recipients of the Noble Prize Award. Today, MIT is home to over 11,000 students and about 1,000 faculty members. The U.S. News and World Report ranks MIT number five in its National Universities publication.

Massachusetts Institute of Technology Accreditation Details

The New England Association of Schools and Colleges regionally accredits Massachusetts Institute of Technology to grant bachelor’s, master’s, and doctoral degrees.

Massachusetts Institute of Technology Application Requirements

MIT features a highly competitive acceptance rate, at about eight percent or one in ten undergraduate applicants gaining admission.


• Complete and submit the application for admission online

• Pay the $75 nonrefundable application fee

• Submit official high school transcript

• Submit official transcripts from all previously attended colleges and universities

• Submit official SAT or ACT scores

• Complete and submit short essay questions

• Complete and fill out the activities form

• Submit two letters of recommendation

• Participate in an in-person interview


• Complete and submit the graduation application online

• Pay the $75 nonrefundable application fee

• Submit official transcripts from all previously attended colleges and universities

• Submit official graduate test scores, such as the GRE and GMAT

• Submit current resume

• Submit letters of recommendation

• Complete additional requirements for specific programs

Tuition and Financial Aid


Undergraduate and Graduate

• Full-time students: $25,760 per year

• Part-time students: $800 per credit hour

Financial Aid

Massachusetts Institute of Technology offers a variety of financial aid options to help students pay for their college education, including scholarships, grants, loans, and work-study.


• MIT Scholarships

• Caroll L. Wilson Awards

• Doris Russell Scholarship

• Hugh Hampton Young Memorial Fund Fellowship

• Ida M. Green Fellowship

• SIT Study Abroad Scholarships

• St. Andrew’s Society Scholarship


• Federal Pell Grant

• Federal Supplemental Educational Opportunity Grants (FSEOG)

• Federal Teacher Education Assistance for College and Higher Education (TEACH) Grant

• Iraq and Afghanistan Service Grant


• Federal Subsidized Direct Loan

• Federal Unsubsidized Direct Loan

• Federal PLUS Loan

• Federal Graduate PLUS Loan

• MIT Technology Loan

Federal Work Study

The Federal Work-Study program is a federally funded financial aid option that enables students who demonstrate financial need to work part-time to earn money to pay for their college education. Jobs are available both on and off-campus in various areas. Students typically work 20 hours a week or less and are paid at least the current minimum wage. Actual pay depends on the job, responsibilities, and qualifications of students.

The MBA from Sloan School of Management at MIT prepares students for real management challenges in future careers. The strategically-designed Master of Business Administration program from Massachusetts Institute of Technology provides students with a foundation of knowledge and thinking abilities to promote success in their professional lives.