MBA Entrepreneurship & Innovation Track at Massachusetts Institute of Technology (MIT)

Cambridge, Massachusetts, United States

Pursue a 24 Months Masters (PostGraduate) with INR 7,294,000/Year Tuition Fees

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MBA Entrepreneurship & Innovation Track at Massachusetts Institute of Technology (MIT)

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Overview

The Massachusetts Institute of Technology (MIT) offers a specialized MBA in Entrepreneurship & Innovation through its Sloan School of Management. This program spans two years and is ideal for those looking to dive deep into the world of entrepreneurship and innovation. The tuition fee for this course is $86,550. To apply, international students need to prove their English language skills, and MIT accepts both IELTS and TOEFL scores for this purpose. This program is highly regarded, making it a great choice for aspiring entrepreneurs.

Program Details Information
Duration 24 Months
Course Level Masters (PostGraduate)
Mode of Course Full Time
Tution And Fees ( For 1 Year) INR 7294000.0
Type of University Private
Official Career service Website https://www.mit.edu/

MBA Entrepreneurship & Innovation Track at Massachusetts Institute of Technology (MIT)

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Key Insights

  • list items The Entrepreneurship & Innovation (E&I) Track at MIT Sloan School of Management is designed for MBA students eager to pursue an entrepreneurial path, whether in technology or other fields. This track is also ideal for those wanting to incorporate entrepreneurship into their future careers.
  • list items The E&I Track is focused on teaching students how to start and grow innovative and emerging tech companies. It combines academic knowledge with practical lessons, teamwork, and real-world entrepreneurship experiences.
  • list items As an E&I Track student, you will have the opportunity to: connect and collaborate with peers who share your entrepreneurial interests, engage with key MIT faculty and staff, and access various entrepreneurship resources at MIT. Additionally, you will become part of a global entrepreneurship network.

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MBA Entrepreneurship & Innovation Track at Massachusetts Institute of Technology (MIT)

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Rankings

Ranking Source Ranking
MBA Business Analytics US News & World Report, 2024 1
Global MBA QS, 2024 6
GMBA FT (Financial Times), 2024 6

MBA Entrepreneurship & Innovation Track at Massachusetts Institute of Technology (MIT)

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Eligibility Criteria

12th Grade

There is no specific cutoff for 12th-grade marks mentioned. Applicants are encouraged to have a strong academic background.

Graduation

Applicants must have a four-year undergraduate degree or a three-year equivalent. MIT welcomes students from all fields, including humanities, sciences, business, and engineering. They look for leaders with strong intellectual abilities who want to make a difference in the world. Candidates should be strong in verbal and quantitative skills. MIT asks applicants to list courses taken in subjects like Calculus, Communications, Linear Algebra, Microeconomics, Organizational Behavior, Probability, and Statistics, along with the grades received.

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GRE

Marks: No specific cutoff mentioned

Due to COVID-19, the MBA program allows candidates for the 2021-22 admission cycle to request a test waiver if they cannot safely access an exam.

TOEFL

Marks: No specific cutoff mentioned

There is no specific TOEFL cutoff mentioned.

IELTS

Marks: No specific cutoff mentioned

There is no specific IELTS cutoff mentioned.

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MBA Entrepreneurship & Innovation Track at Massachusetts Institute of Technology (MIT)

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Application Process

Step 1: Prepare Documents for Application

Letter of Recommendation (LOR)

For MBA applicants, only one professional letter of recommendation is needed. Choose someone who can talk about your professional achievements and leadership potential. Key points to remember:

  • list items Submit one letter of recommendation.
  • list items A recommendation from a professional contact, like a manager or supervisor, is preferred.
  • list items Family members cannot provide recommendations.
  • list items Ensure your letter is submitted by the deadline for your application round.

Curriculum Vitae (CV)

Submit a one-page resume focusing on your work achievements. Include:

  • list items Education: Mention awards, scholarships, and professional societies.
  • list items Work Experience: List company name, title, results-oriented tasks, and dates.
  • list items Additional Information: Include extracurricular activities, technical skills, certifications, and languages.

Formatting tips:

  • list items Limit to one page.
  • list items Use Times New Roman, size 10 font.
  • list items Acceptable formats: Word or PDF.

Step 2: Additional Documents Required

Transcripts

Scan and upload transcripts from all attended colleges and universities. Include your undergraduate and Master's program details if applicable. If transcripts are not in English, provide a certified translation.

Cover Letter

Write a cover letter in standard business format, providing examples of how you meet the desired criteria. Address it to the Admissions Committee and keep it under 300 words, excluding address and salutation.

Test Scores

Submit your GMAT or GRE scores.

Video Questions

Prepare two video responses:

  • list items Video Question 1: Introduce yourself to future classmates. Be yourself and conversational.
  • list items Video Question 2: Answer questions like your proudest achievement or handling a non-contributing team member. Limit responses to 60 seconds, with no editing or background music.

Organizational Chart

Submit an organizational chart with a maximum of two pages.

Professional Development

Include relevant coursework and certifications taken for professional development.

Short Answer Question

In 250 words, explain how your background has shaped you. Consider aspects like family, culture, and community.

Step 3: Start Your Online Application

Begin your application by visiting MIT Sloan Online Application.

Step 4: Application Fees

The application fee is USD 250, which is approximately INR 21.07 thousand. Payment is accepted via credit card.

Consider the MIT Monthly Payment Plan to spread your term bill over five payments instead of one lump sum. The plan includes a $35 enrollment fee per term.

MBA Entrepreneurship & Innovation Track at Massachusetts Institute of Technology (MIT)

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Fees & Other Costs

Cost Breakdown Amount (For 1 year)
Tuition & fees INR 72,93,568
Hostel & Meals INR 16,05,175
Insurance INR 3,03,625
Transportation INR 2,99,327
Personal expense INR 1,94,158
Student life Fee INR 34,214
Books and Supplies INR 74,158
Personal expense INR 8,21,127
Books and Supplies INR 1,22,360
Student Life Fee INR 34,214
Application Fee INR 21,067
Total approximate fees INR 35,09,425

Calculated at the exchange rate of 1 USD = INR 84.27 | Tuition & expenses were last updated in December 2024"

MBA Entrepreneurship & Innovation Track at Massachusetts Institute of Technology (MIT)

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