Comparison of MBA at two of the top business schools of USA: MIT Sloan School of Management and University of Pennsylvania’s The Wharton School.
| MIT Sloan School of Management | The Wharton School | |
|---|---|---|
| Programs | UG Programs -3 PG Programs -5 Doctorate Programs -8 | PG Programs -4 Doctorate Programs -7 |
| Cost to Study | Average Tuition Fees 57590 [For UG Program] Average Tuition Fees 192000 [For PG Program] Hostel + Meal - 14720 Per Year | Average Tuition Fees 38732 [For PG Program] Hostel + Meal - 38286 Per Year |
Top Courses Comparison
| ranking | # 5 for Business by Times Higher Education 2023 # 101 for Business by Academy Ranking of World Universities 2021 | # 14 for Business by Times Higher Education 2023 # 3 for Business by Academy Ranking of World Universities 2021 |
| application | #4208 Applicants # 484 Admissions # 11 % Acceptance Rate | #7158 Applicants # 916 Admissions # 12 % Acceptance Rate |
| exam scores | GMAT - 720/800GRE updated - 311/340IELTS - 7/9TOEFL - 90/120 | GMAT - 730/800GRE updated - 324/340IELTS - 6.5/9TOEFL - 100/120 |
| Admission Criteria/Better to Have | GPA of 3.62 and preferably a 730 GMAT Score. Average Work Experience required around 5 years. | GPA of 3.6 average and preferably 722 GMAT Score. Average Work Experience required around 5 years. |
| cost to study | Total Cost (Tuition + Living) -80400 | Total Cost (Tuition + Living) -84874 |
| Return on Investment/Average Package | #Average Salary135000 | #Average Salary150000 |
| documents required | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose |
| application dates | Apr 3, 2023 (Application Decision Deadline Round 2) Apr 11, 2023 (Application Deadline For 2024 Intake Round 3) May 18, 2023 (Application Decision Deadline Round 3) | Mar 29, 2023 (Application Deadline Round 3 For 2023 Intake) Apr 13, 2023 (Interview Invitation For Round 3) May 10, 2023 (Decision Release Date) |
Other Popular Comparisons
The Wharton School and MIT Sloan School of Management are considered amonst the top 10 business schools across the world. Getting admission in any one of them would be matter of prestigious of any international student. Still, following are some comparison points to help you choose amongst the MBA program of both of business schools of USA:
- In terms of ranking by THE, QS and Financial Times, The Wharton School is slightly ahead of MIT Sloan.
- Considering the admission statistics, both of them have approximately same acceptance rate for MBA. Students can check the admission requirements of MIT Sloan and The Wharton School as follows to decide which fits better for their skill-set:
- GMAT score required by MIT Sloan is lower than that of the University of Pennsylvania’s The Wharton School.
- The Wharton School asks for contact information of 3 referees whereas MIT Sloan requires only 2 LORs.
- MIT Sloan requires a video essay too but Wharton only asks for written essays.
- International community of MIT Sloan School of Management is more vast with 33% of international students in MBA class of 2022 whereas The Wharton School has only 19% study abroad aspirants in its MBA class.
- MIT Sloan accepts only 400 – 500 students in single batch of MBA whereas The Whaton has an average class strength of 800 – 900. Thus, Sloan’s MBA community is more tight-knit and interactive.
- Comparison of The Wharton School and MIT Sloan’s placement offer and salaries shows that although The Wharton School has approx. 99% placement rate (Sloan has 96% placement rate), its MBA graduates earn 15,000 less that of Sloan.
- Entrepreneurial Community of MIT Sloan is also considered to be more diverse and strong with start-up’s emerging from the fields of tech, energy, apparel, etc.
The Wharton School has some positive aspect but if we look at the larger perspective MIT Sloan School of Management emerges as a better option for international students interested in pursuing MBA from USA.
