MIT's Sloan School of Management is one of the most revered and sought-after business schools for MBA aspirants world-wide. The institute regularly features amongst the top-10 business schools in the world, and has delivered some famous alumni, including Prime Ministers, Heads of multi-lateral organisations, military chiefs, and CEOs of industry giants. So what are the hiring trends at MIT Sloan? What are the kind of roles that Sloan graduates take up after their MBA? What functional domains and industries are most popular at MIT? Find out in this MIT Sloan Employment Report. To get a clear picture, we’ll be analysing the employment reports from the past 5 years.
MIT Sloan - Important Highlights From The Recruitment Report For MIT Sloan
- The highest median base salary throughout the 5 years is for the Consulting Industry at $165,000 for the batch of 2019.
- Consulting, Technology and Finance remain the three most popular industries at MIT Sloan throughout the 5 years taken into account, making up for over 3/4th of its hires in 2019.
- About a tenth of the class seems to return to their sponsor companies while less than 10% opt to start their own business.
- The Median GMAT score to get admission at Sloan is about 716.
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MIT Sloan - Important Employment Statistics For Previous Batches
MIT Sloan - Salaries Sloan's MBA Graduates Earn In Their First Year Post-Graduation
The median base salary remained at a constant $125,000 for three years before seeing a 4% increase in the year 2018. The subsequent batch saw a rise, but a little less than 4%.
The median signing bonus for all years seems to rest at about a fifth of the median base salary. The guaranteed compensation is comparable to the signing bonus. It is worthy to note that the median guaranteed compensation in the year 2019 was higher than the median signing bonus.
MIT Sloan - Consulting, Finance Top Paying Roles At MIT Sloan
Consulting pays the highest median base salary, followed by Finance. Both these functional domains offer median base salaries that are higher than the overall median base salary of the class. Consulting and Finance together make up for more than 50% of the class hires across the 5 years.
Business Development remains the least popular domain, discounting all the domains clubbed under ‘Other’. In 2019, the total number of students who opted for roles under ‘Other’ was slightly higher than the number of students opting for ‘Business Development.’
Function Wise Hiring Trends At MIT's Sloan School of Management - 5 Year Analysis
What are the types of roles that Sloan graduates generally prefer to go for post-MBA? Which are the most sought-after and least sought-after domains for Sloan MBA graduates?
The graph below helps us visualise trends in hiring at Sloan for major business and management related domains - Consulting, Finance, Operations/Project Management, Product Management/Development, Leadership Development/General Management, Marketing and Business Development. Other functional domains have been clubbed together under ‘Other’.
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MIT Sloan - Industry Wise Salary Statistics of MIT's MBA Grads - 5 Year Analysis
The highest paying role remains with the Consulting industry, which is also the most popular role with students across the five batches..
Investment Banking and Private Equity make up for the next most paying industries at Sloan, but students opting for these roles are less than 10% each.
Technology emerges as the most popular industry after Consulting, with more than a fourth of the class opting for a role in Software/Internet, despite getting a median base salary that is slightly lower than the overall class’.
The lowest median base salaries offered was for the functional domain of ‘Non-Profit’, at $90,000 in the years 2017 and 2018. That is a $30,000 drop from the package offered for the same role in 2015. However, in 2019, the same role got its highest median base salary across the 5 years, at $123,000.
Industry Wise Hiring Trends At MIT's Sloan School of Management - 5 Year Analysis
The graph below helps us visualise the industry wise trends in hiring at Sloan. Consulting, Software/Internet, Investment Banking/Brokerage, Private Equity & Venture Capital, Investment Management, Diversified Financial Services, Retail, Media/Entertainment/Sports, Pharma/Healthcare/Biotech, Manufacturing: Other, Automotive/Aerospace, Computers/Electronics, Consumer Products, Oil/Energy, NonProfit. All other industries have been put together under ‘Other’.
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