Sloan School of Management – MIT - Master of Business Analytics
MIT Sloan Master of Business Analytics Program Structure
The MIT Sloan Master of Business Analytics (MBAn) is a 12-month, doctorate-level STEM certified program that is completed over four consecutive semesters. The program features eight required core courses, three-to-six analytical electives, a seven-month analytics capstone project with a 10-month summer internship, and a one-week west coast immersion. In total, students in the program must complete 48 units of course work, 27 of which must be dedicated to electives.
The fall semester features six of the eight required courses, with varying unit length between each course. For instance, Analytics Edge features 12 units, while Analytics Software Tools in R, Python, SQL and Julia features three course units in the fall and then three more course units the following semester. Students can also complete up to 12 electives in the first semester. This is optional, however.
The following winter semester—the January Independent Activities Period (IAP)—features the beginning of the 24-unit capstone project, in addition to the remaining required core courses, seminars, and the Analytics Career Bootcamp. The spring and summer semester features the culmination of the aforementioned 24-unit Analytics Capstone Project.
The MIT Master of Business Analytics Class of 2020 features 62 students, 40 percent of which are women and 73 percent of which hold international residency. These students are, on average, 23-years old.
Among those students, the GPA was 3.9, the average GRE quant score was 168, and the average work experience was just nine months. The majority of the class studied engineering as undergraduates (29 percent), followed by mathematics (24 percent).
One-hundred percent of the most recent class earned job offers by graduation, earning a base annual salary range between $87,000-190,000 and an average of $110,000. The majority of those graduates earned jobs in the software industry (40 percent), followed by consulting (28 percent), and manufacturing (12 percent).
Tuition, Scholarships, and Financial Aid
Tuition and fees for the MIT Master of Business Analytics program at the Sloan School of Management is currently $87,740. Included additional estimated expenses, the 12-month program costs $136,480. However, with the $22,000 from the Analytics Capstone sponsor, the tuition and fees may reduce to $65,740.
Federal loans, private loans, assistantships, and fellowships may be available to all students, depending on eligibility, to help finance the program.
In order the apply to the MIT Master of Business Analytics program, the following must be provided:
• Official transcripts
• A one page résumé
• One essay question (500 words): “Please describe your reason for pursuing the Master of Business Analytics degree. What do you hope to gain from the program? And what are your career aspirations?”
• Three letters of recommendation; two from faculty, one from a work supervisor or manager
• A brief video statement
• An optional 250-word essay
• GMAT/GRE scores
• TOEFL or IELTS scores (if necessary)
• $150 application fee
Application deadlines are as follows:
Jan. 8, 2020 (decisions released March 5, 2020)