MIT MBA Placements 2020 ,Cambridge,USA

  • Cambridge,USA

MIT Placements: One of the leading universities in the US, Massachusetts Institute of Technology (MIT) Sloan enjoys a high placement record, with 95.5 per cent of their students receiving full-time offers in the first three months of their graduation. Top industries for 2020 includes Consulting (31.1%), Technology (27.6%), and Finance (18.5%) for employment generation. Let us take a closer look at the MBA Class of 2020 and their employment highlights as recorded by the Career Development Office, MIT Sloan.

MIT MBA Placements Highlights 2020

MBA Class of 2020 Profile

409 students

Students Applied for placements

314

Job Offers

95.5%

Minimum Base Salary

$50,000

Maximum Base Salary

$230,000

Average Base Salary

$144,140  

Median Base Salary

$150,000

Top Recruiters

The Boston Consulting Group (36 hires), McKinsey & Company (20 hires), Amazon (19 hires), Google (14 hires)

Top Industries

Consulting (31.1%), Technology (27.6%), Finance (18.5%)

MBA Class of 2020 - Class Profile

The MBA Class of 2020 at MIT Sloan had a total of 409 candidates of which 38% were Non-US citizens and the remaining 62% were US Citizens/Permanent Residents. Women made up 42% of the total class ratio.

MIT MBA Placements

MBA Class of 2020 - Employment Profile

Of the total number of students, 314 (77.5%) applied for placements while 86 (21.3%) students opted out of the same. Reasons for students not looking for a job included students who were sponsored and returning (14.1%), starting a business (3.5%), continuing with education (2.5%) and postponing a job search (1.2%).

MIT MBA Placements

Top Employers for MIT MBA Graduates Class of 2020

Top employers for hiring MBA Graduates belonging to the Class of 2020 include The Boston Consulting Group (36 hires), McKinsey & Company (20 hires), Amazon (19 hires), Google (14 hires), Bain & Company (13 hires) among several others. The entire list of companies can be accessed from the official MIT website,   

MBA Class of 2020 Placement Stats by Industry

MIT Jobs: As mentioned earlier, the Service Industry is a leader in generating employment. They have occupied the lion’s share of hiring MBA graduates at 79.4%. The Service Industry is made up of, Consulting (31.2%), Software/Internet (24.8%), Financial (18.5%) and others (4.9%).

The Manufacturing Industry has hired a total of 18.2% of graduating students from the MBA Class of 2020.  The Manufacturing Industry is made up of Pharmaceutical/Healthcare/Biotechnology (5.6%), Automotive/Aerospace (3.1%), Consumer Products (3.1%), Computers/Electronics (2.1%) and others (4.3%).

Other sectors (2.4%) that have hired MIT MBA Graduates are Non-Profit Organizations (1%), Education Sector (0.7%) and Government Service (0.7%).

MIT MBA Placements

MBA Class of 2020 Full-time Base Salary – by Industry

MIT Salaries: In the above graph we spoke of the top employers hiring MBA Class of 2020 graduates from MIT. Below is the salary breakup that is being provided by employers going out to hire graduates.

MIT MBA Placements

MBA CLASS OF 2020 Full-Time Base Salary by Industry (break-up)

Service Industry

Mean

Median

Low

High

Consulting (31.1%))

$157,530

$165,000

$100,000

$170,000

Software/Internet (24.8%))

$137,715

$138,500

$50,000

$165,000

Financial (18.5%))

$146,207

$150,000

$72,000

$200,000

Retail (2.4%)

$126,667

$122,500

$110,000

$145,000

Media/Entertainment/Sports (1.0%)

$145,000

$125,000

$125,000

$185,000

Other Services (1.6%)

$132,500

$135,000

$120,000

$140,000

Sum:  (79.4%)

$147,220

$150,000

$50,000

$200,000

 

Manufacturing Industries

Mean

Median

Low

High

Pharmaceutical/Healthcare/Biotechnology (5.6%)

$131,000

$132,500

$81,000

$160,000

Automotive/Aerospace (3.1%)

$140,625

$145,000

$100,000

$160,000

Consumer Products (3.1%)

$112,600

$120,000

$68,000

$130,000

Computers/Electronics (2.1%)

$170,000

$160,000

$130,000

$230,000

Energy (1.0%)

*

-

-

-

Telecommunications (0.8%)

*

-

-

-

Transportation/Equipment/Defense (0.8%)

*

-

-

-

Other Manufacturing (1.7%)

*

-

-

-

Sum: (18.2%)

$ 134,049

$130,000

$68,000

$230,000

* Fewer than three or less than 1% unique salary data points

Others

Mean

Median

Low

High

Non-Profit (1.0%)

$124,000

$122,000

$100,000

$150,000

Education (0.7%)

*

-

-

-

Government (0.7%)

*

-

-

-

Sum: (2.4%)

$109,917

$110,000

$80,000

$150,000

* Fewer than three or less than 1% unique salary data points

MBA Class of 2020 Placements - Sector-wise Analysis

MIT has a slew of courses for candidates looking to study in one of the premier universities abroad. MBA in Consulting/ Strategy Planning saw the maximum number of Graduates at 39.7 per cent followed by MBA in Finance and MBA in Product Management/Development at 16.7%. Let us understand the most sought after functions under MBA by students at MIT.

MIT MBA Placements

Others include:

Leadership Program/General Management

5.80%

Marketing

3.90%

Business Development

2.80%

Business Analytics

1.80%

Other Function

0.70%

MBA Class of 2020 Full-Time Base Salary by Sector

MIT Salaries: The below graph depicts the high, low, mean and median salaries received by MBA Class of 2020 by Sector.

MIT MBA Placements

Source: the data of the graphs provided above have been collated from the official website of the university.

MIT MBA Campus Placement Support

Students joining the MIT MBA programme get access to Career Foundations - a comprehensive online career education programme delivered via Canvas in the month of June. This is followed by Career Core, a newly redesigned core course to help students understand the opportunities available to them as MIT Sloan students, and how to effectively position themselves in the jobs market. The university also partners with MIT Sloan faculty from Communication and Organizational Processes to lead sessions on managerial and professional competencies. Whether a candidate is just beginning his career or making a career transition, the MBA Career Advisors at MIT can help you create a customized plan for activating student talents for personal and professional success.

Candidates looking to take admission into MIT can check out our carefully crafted MIT Admission FAQs or get in touch with our Shiksha Study Abroad Counselors.  The above data has been sourced from the official MIT website for the benefit of our readers. While the MIT Business School religiously publishes placement records every year, data for technical programs or humanities courses are scarce if any.

MIT MBA Placements FAQs

In this section, we will cover the most frequently asked questions revolving around the MIT MBA placements for 2020.

Does MIT require work experience from candidates applying to their MIT MBA Programme?

Work experience is not required for admission, although students applying to MIT, have an average of five years of work experience. Having work experience could help you leverage the extensive opportunities at MIT Sloan.

Do internships count towards full-time work experience during the admission process?

Yes, MIT does consider internship experience as work experience. However, internship experience will not give your application as much weight as full-time employment.

Does MIT require GRE/GMAT scores as part of the application process?

Standardized tests, such as GMAT and GRE are a component of the application process and play an important role in our evaluation process.

I am unable to appear for GRE/GMAT due to COVID-19? What should I do?

The MBA programme will allow candidates for the 2021-22 admission cycle to submit a request for a test waiver should their current situation prevent them from safely being able to access an exam. If the waiver is approved, and the candidate is admitted, no test will be required.

Does MIT require English language tests as part of the MBA admission process?

No. The candidates applying to the MIT MBA programme are not required to provide IELTS/TOEFL scores. The English speaking abilities of the candidate would be assessed during the interview round.

Want to know your chances of admission in this university?

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Wikipedia Linkhttps://en.wikipedia.org/wiki/Cambridge,_Massachusetts

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Address

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Cambridge ( Massachusetts)

Email

gradadmissions@mit.edu

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