M.S Business Analytics at Massachusetts Institute Of Technology [MIT], Cambridge Fees, Entry Requirement & Application Deadline

MIT Master in Business Analytics Fees, Eligibility, Admission & Deadlines

Cambridge, MassachusettsLocation
UniversitySchool type
Estd1861established year
11466enrollment
Private (Not for Profit)

Master of Science [M.S] (Business Analytics)

12 months
Full Time
On Campus

$86,300/Yr

$86,300 /Yr
  • The Master of Business Analytics at Sloan school of management, Massachusetts Institute of Technology(MIT) is a 2-year program.
  • In just 12 months, the MIT Sloan Master of Business Analytics program prepares students for careers that apply and manage modern data science to solve critical business challenges. 
  • A highlight of the Master of Business Analytics curriculum is the Analytics Capstone Project, which gives students an opportunity to work on real-life data science problems with industry practitioners. All students receive a $22K+ tuition offset as a result of their participation.
  • Apply these skills across a broad range of industries including management consulting, financial services, technology, energy, healthcare, manufacturing, and more. 
  • 100% of the students will graduate with full-time offers every year.
  • The student to faculty ratio is 8.6:1 which increases the intractability between students and faculty.
  • The Female to male ratio in this program is 39:61.
  • The class size is 60 which makes it easy for the faculty to interact with students and make discussions.
  • 70% of students in this program are international students which makes the program more international friendly.
  • 7% of the students of this program seek for Ph.D.'s after graduation.
  • Some of the companies in which the students' work are:
    • Amazon
    • Apple
    • Boston Consulting Group Boston
    • Facebook
    • Gap, Inc
    • Google.., etc.
  • The average base salary of the graduates after getting placed is 110,000 USD.

Tuition Fees

One time fees1st Year Fees
Tuition Fees$86300 (USD 86300)

Other Expenses

HeadAvg Cost Per Year
Housing$22800 (USD 22800)
Transportation$3276 (USD 3276)
Food$9036 (USD 9036)
Personal$9024 (USD 9024)
Total Cost$44136 (USD 44136)

Previous Year Tuition Fees

Year1st Year Fees
2021$86300 (USD 86300)

Eligibility & Entry Requirement

Academic Eligibility:

  • The students must have a bachelor’s degree(3 or 4 years) in any of the respective fields to apply for this program.
  • The average GPA of the students in this program is 3.9.
  • Students can apply with any bachelor’s degree but the majority of the students come from these fields like Computer Science, Economics, Engineering (variety), Finance, Management, Math, Operations Research, Statistics…, etc.

Work Experience:

  • Work experience is not required but many of the students have an average experience of 15 months.

Language Requirments:

  • The students whose official language is not English are required to write IELTS or TOEFL exams before applying.
  • The TOEFL cut-off for this program is 90 out of 120.
  • The IELTS cut-off will be decided by the university department.

Language Requirement Exemption:

  • Students who have received instruction in English in their primary and secondary schools and students who have been in the United States for four years or longer and have received a degree from an American institution.

Exam Requirments:

  • The students must compulsorily have to submit the scores of any one of the exams like GMAT or GRE.
  • MIT recommends that applicants interview with a member of the MIT Educational Council if available. Council members are MIT graduates who have volunteered to interview on behalf of the Office of Admissions. 


Scores Required

100 / 120

Avg. Score in

TOEFL

7.0 / 9

Avg. Score in

IELTS


Required Document List

  • Online Application: Students have to submit an online application form at the official website.
  • Application Fee: Students need to submit their application fees.
  • Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
  • Letters of Recommendation: Three letters of recommendation are required.
  • Official GRE Test Scores: Students have to submit their GRE Test Scores.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Career and Placement after Course

Jobs titles after getting placed are:

  • Data Scientist
  • Research Scientist
  • Analytics Associate
  • Business Intelligence Engineer
  • Machine Learning Scientist
  • Data Science Consultant
  • Operations Analyst
  • Research Engineer
  • Product Analyst
  • Portfolio Manager

The average base salary of the graduates after getting placed is 110,000 USD.

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Young Women in Public Affairs AwardScholarship per student$ 4,000/Yr$4,000Level Of StudyBachelorTypeMerit-Based
BeArt Presets-Academic ScholarshipScholarship per student$ 2,000/Yr$2,000Level Of StudyBachelorTypeMerit-Based
Young Professionals ProgramScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
Prodigy Finance-GyanDhan ScholarshipScholarship per student$ 2,500/Yr$2,500Level Of StudyMasterTypeMerit-Based
VueVille Future Technology ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Aga khan Foundation ScholarshipsScholarship per studentVariable AmountLevel Of StudyMasterTypeMerit-Based


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