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.
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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.
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.
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 Business Analytics
US News & World Report, 2024
1
Global MBA
QS, 2024
6
GMBA
FT (Financial Times), 2024
6
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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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:
Submit one letter of recommendation.
A recommendation from a professional contact, like a manager or supervisor, is preferred.
Family members cannot provide recommendations.
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:
Education: Mention awards, scholarships, and professional societies.
Work Experience: List company name, title, results-oriented tasks, and dates.
Additional Information: Include extracurricular activities, technical skills, certifications, and languages.
Formatting tips:
Limit to one page.
Use Times New Roman, size 10 font.
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:
Video Question 1: Introduce yourself to future classmates. Be yourself and conversational.
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.
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.
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"
Submit one letter of recommendation.
