In 1914, the MIT Sloan School of Management was established in Cambridge, Massachusetts, United States of America (USA). It was founded during a period when business education took precedence over other subjects. MIT Sloan created the Master of Business Analytics program in collaboration with MIT’s Operations Research Center, a multidisciplinary research facility founded in 1953.
Engineers, software engineers, and other high-tech specialists who want to enhance or switch careers are often encouraged to pursue this course.
QS Global ranked MIT Sloan first in business analytics in 2021 due to its perfect employability ratings, alumni outcomes, and thought leadership. Prominent alumni of MIT Sloan include former UN Secretary General Kofi Annan. Read on to know more about Business Analytics at MIT Sloan.
The curriculum of Business Analytics at MIT meets the industry’s need for trained graduates capable of using data science to address business problems.
The 12-month full-time curriculum is divided into three semesters: autumn, spring, and summer. Students in the program must complete a 7-month capstone project totaling 24 credits from the spring through the summer term.
Moreover, the program is designed for students in their final year of undergraduate studies or recent graduates who want to work in the data science field. In addition to this, Analytics degrees at MIT are available at the undergraduate and doctorate levels.
Modules
The compulsory modules included in the Business Analytics at MIT Sloan have been listed below.
Analytics Edge
Analytics Lab
From Analytics to Action
Analytics Tools
Optimization Methods
Machine Learning Under a Modern Optimization Lens
SSIM Ethics & Data Privacy
Communication and Persuasion through Data
In addition to this, learners can opt for 12 credits worth of electives.
Admissions for Business Analytics at MIT Sloan
The Fall Term enrollment at MIT Sloan closes in early January. Their Business Analytics admission process is standard. Once individuals have gathered all of their documents, they can register on the website and start filling out the online form.
The applicant then pays the non-refundable USD 150 as the application fee. Once the form and fees have been submitted, the applicant can expect a response from the university by early April.
Documents Required for Admission
The MIT Business Analytics course requires all of the standard documents during admission.
Online Application
Resume
Essay Question
Video Question 1
Video Question 2
Three Letters of Recommendation
Transcripts
English proficiency exam scores (IELTS or TOEFL)
GRE or GMAT Scores
Application Fee
Note: The two video questions are non-technical. The first is an introduction video, and the second deals with a non-technical question that students need to ponder before answering. Applicants are allowed a 60-second limit on both answers.
The 12-month course in Business Analytics at MIT Sloan is divided into three semesters:
Fall
Spring
Summer
Students will have to complete anything from 111 to 141 units worth of classwork at the end of their 12-month program. Business Analytics students typically earn up to 66 units every term, with a highest of 54 of those coming from MIT Sloan coursework.
MIT Business Analytics Fees
The MIT Business Analytics Fees are as follows:
Tuition Fee: USD 86,300
Living Costs (inclusive of medical insurance and other miscellaneous expenses): USD 50,965
Last Class Profile
The Business Analytics program at MIT prides itself on its diversity. In fact, in a class of 66 students, 59% are international students from 24 countries. The average work experience among the students is of 17 months. 12% of those enrolled in the course are underrepresented minorities.
The combined median undergraduate GPA was an impressive 3.9, and the GRE quant range was between 164 and 170. Most students are from Math, Science, engineering, and business backgrounds. However, 9% are from other non-technical backgrounds.
Placements for Business Analytics at MIT Sloan
According to their employment reports for 2020, 100% of MIT Sloan’s Business Analytics course graduates found employment within six months of graduation. These graduates’ average yearly base salary was a comfortable USD 114,305.
Featured employers for the class include the following big names.
Alibaba Group
Pfizer
Amazon
Klaviyo
Google
Facebook
Shopify
Robinhood
Some of the job profiles of the course include Analytics Analyst, Data Analyst, and Data Scientist.
How do I get into the MIT Business Analytics course?
The MIT Business Analytics course is a rather difficult one to get into. However, it isn’t an impossible feat. As long as the applicant has the required GRE or GMAT scores and a perfect GPA, and the relevant extracurricular and work experience, they stand a chance to attend the school.
Which degree is best for studying Business Analytics?
While the program in Business Analytics at MIT Sloan accepts applicants from all backgrounds, students with a technical background are preferred.
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