Sloan School of Management – MIT
MIT Sloan Fellows Program Structure
The MIT Sloan Fellows program is a year-long, full-time executive MBA program. The program has four components: two orientation periods in April and June that students are strongly encouraged to attend, followed by three academic terms in the summer, fall and spring. The entire month of January is dedicated to participating in Sloan’s Independent Activities Period (IAP), a four-week term that allows Sloan Fellows to branch out and take a more diverse range of classes than during the rest of the year.
While the summer term is comprised solely of required foundation courses, the fall and spring terms blend foundation courses with over 100 available electives, ranging from “Advanced Corporate Finance,” to “Law for the Entrepreneur and Manager.” The capstones of the program are two study trips taken during the spring term, one to New York and one to Northern California and selected international locations. The MIT Sloan Fellows curriculum places a heavy emphasis on leadership training and gaining a global business perspective. Foundation courses by term are listed below:
- Applied Economics for Managers
- Data, Models and Decisions
- Financial Accounting
- Management of Supply Networks for Products and Services
- Marketing Management
- Financial Management
- Leading Organizations
- Introduction to System Dynamics
- Macro and International Economics
- Seminar in Leadership I (includes field trip trip)
- Competitive Strategy
- Global Markets, National Policies & the Competitive Advantages of Firms
- Global Strategy and Organization
- Managing and Leading People and Organizations
- Seminar In Leadership II
- Innovation-driven Advantage
There are 121 MIT Sloan Fellows in the 2015-16 class, representing 38 countries. On average, Fellows accrued 14 years of work experience before matriculating into the program. The average age for Fellows in this class is 38.
Tuition & Financial Aid
Tuition for the MIT Sloan Fellows program beginning in June 2016 is $131,250. This includes the cost of the international study trip and the cost of lodging for the domestic study trips. Additionally, the program estimates that students will spend $7,500 for class supplies such as a computer and $40,000 for housing over the course of the year. This figure pertains to a single person; couples should estimate spending $50,000, and a family of four should estimate spending $65,000 for housing. MIT Sloan Fellows who don’t possess health insurance will also have to purchase it from MIT before beginning the program.
All MIT Sloan Fellows seeking loans must complete the MIT graduate loan application to determine their eligibility for loan options. U.S. Citizens and Permanent Residents are eligible for both government and private loan programs, while international students are only eligible for private loan options.
MIT Sloan Fellows are eligible for a number of scholarship opportunities, including Dean’s Fellowships, Fulbright Grants, Legatum Fellowships for students committed to starting a business in a low-income country, and the Nippon Foundation’s International Fellowships for Japanese nationals.
The MIT Sloan Fellows program does not stipulate any hard admissions requirements, but they note that only candidates with at least 10 years of work experience and an undergraduate degree will be strongly considered for the program.
Applicants to the MIT Sloan Fellows program must submit GMAT or GRE scores (which can be waived with certain good grades) a resume; a statement of objectives and essays, which can be found on the program’s online application; two letters of recommendation; official transcripts of any undergraduate and graduate degrees; and a $250 application fee. The program also requires sponsored applicants to submit a funding letter and applicants whose native language is not English to submit TOEFL or IELTS scores.
Admission dates for the 2017-18 cohort will be announced soon.