MBA: The Why, The Whats & The Hows
The total cost of studying at MIT Sloan goes up to 1.2 Cr. Seeing this number can make many applicants pause and wonder if pursuing an MBA at MIT Sloan is truly worth it.
Thousands still apply each year, hundreds are admitted, and most successfully manage the tuition costs. In this blog, we will break down the cost of studying at MIT Sloan, explain what it covers, show how to plan your payments, and share tips to manage the fees effectively.
Key Highlights
The MIT Sloan MBA fee is approximately. USD 89,000 (INR 77 Lakh) per year, making it one of the highest tuition fees among M7 business schools.
The total cost of attendance for one year at MIT Sloan, including tuition, fees, housing, food, transportation, and personal expenses, can reach around USD 138,310 (INR 1.2 Cr).
International students can work part-time and earn between USD 15 to USD 50 per hour (INR 1,275 to 4,250) depending on the role.
MIT Sloan MBA graduates typically see a 10-year ROI of 300% to 320%.
The tuition fee for the full-time MIT Sloan MBA program for the 2025-26 academic year is USD 89,000 (approximately INR 75.97 lakh) per year. There is also a mandatory USD 2,200 Sloan program fee, bringing the total tuition cost to USD 91,200 (INR 77.5 lakh) per year.
In addition to tuition, students have other expenses such as health insurance, housing, food, books, and personal expenses. These additional expenses bring the total estimated cost of attendance to around USD 138,310 (INR 1.2 crore) for the year.
Here’s a detailed breakdown of the estimated annual costs for an MIT Sloan MBA student:
|
Expense Category |
Cost (USD) |
Cost (INR approx) |
|---|---|---|
|
Tuition + Program Fee |
91,200 |
77.5 Lakh |
|
Health Insurance |
4,572 |
3.88 Lakh |
|
Housing |
21,600 |
18.3 Lakh |
|
Food |
9,960 |
8.45 Lakh |
|
Books & Supplies |
1,500 |
1.27 Lakh |
|
Personal & Utilities |
10,056 |
8.55 Lakh |
|
Transportation |
3,672 |
3.12 Lakh |
|
Total Estimated Cost |
138,310 |
1.2 Cr |
Note: INR conversions are approximate, based on an exchange rate of 1 USD = INR 85.0. Actual costs may vary.
Students can explore the MIT Sloan Fellowship or external scholarships, as well as education loans such as Prodigy Finance loans and government schemes. Combining these options can make the MBA more affordable and manageable.
MIT Sloan offers several scholarships to support students based on financial need or merit. External organisations also provide scholarships to help international students cover tuition and living costs. Here’s a snapshot of notable scholarships:
|
Scholarship Name |
Eligibility Criteria |
Awards / Benefits |
|---|---|---|
|
MIT Sloan Fellowship |
|
Partial to full tuition coverage; no separate application required |
|
Dean's Fellowship |
|
Merit-based fellowship; amount varies; no separate application required |
|
Legatum Fellowship |
Commitment to launching a business in a low-income country post-graduation |
Financial assistance; mentorship; networking opportunities; separate application required |
|
Forté Fellows Program |
|
Partial tuition support; leadership development; networking opportunities |
|
42 Analytics Fellowship |
|
Fellowship; mentorship; networking opportunities; open to both domestic and international students |
|
Aker Scholarship |
Students from Norway pursuing a master's degree at top global universities, including MIT Sloan |
Scholarship support; open to Norwegian students |
|
Goldman Sachs MBA Fellowship |
Black, Hispanic, and Native American business school students |
Fellowship; mentorship; networking opportunities; open to students at select graduate business schools |
|
McGowan Fellowship Program |
|
2nd-year tuition scholarship; amount based on recent MBA tuition rates |
|
General Sir John Monash Award |
|
AUD 50,000 (INR 28L) for academic excellence and demonstrated leadership potential |
|
Teaching Excellence and Achievement Program |
|
Full funding for English as a Foreign Language, Social Studies, Math, and Sciences courses |
Education loans and government schemes allow students to borrow funds to cover tuition and living expenses, often with flexible repayment plans. Many banks and institutions provide loans specifically for studying abroad at top MBA programs like MIT Sloan.
|
Loans Name or Govt Schemes |
Benefits/Services |
|---|---|
|
SBI Global Education Loan |
Covers tuition, living expenses, travel, and competitive interest rates |
|
HDFC Education Loan |
Flexible repayment options cover foreign MBA programs |
|
Prodigy Finance Loan |
Tailored for international students, no collateral, flexible repayment |
|
US Federal Loans (for eligible US citizens) |
Subsidised interest, long repayment terms |
On-campus options include working as a teaching assistant, research assistant, or tutor, while off-campus opportunities may include working in cafés, bookstores, or freelance consulting projects. These roles can help cover small expenses or reduce reliance on loans:
|
Role |
Average Salary (USD & INR) |
|---|---|
|
Teaching Assistant |
USD 18 to 25 per hour (INR 1,530 - 2,125) |
|
Research Assistant |
USD 20 to 28 per hour (INR 1,700 - 2,380) |
|
Tutor |
USD 25 to 40 per hour (INR 2,125 - 3,400) |
|
Bookstore/Café |
USD 12 to 18 per hour (INR 1,020 - 1,530) |
|
Freelance Consulting (Finance/Strategy) |
USD 30 to 50 per hour (INR 2,550 - 4,250) |
|
Lab Assistant |
USD 18 to 24 per hour (INR 1,530 - 2,040) |
|
Event Staff/Campus Jobs |
USD 15 to 20 per hour (INR 1,275 - 1,700) |
|
Student Ambassador/Marketing |
USD 15 to 25 per hour (INR 1,275 - 2,125) |
|
Online Tutoring/Teaching |
USD 20 to 35 per hour (INR 1,700 - 2,975) |
|
Administrative Assistant |
USD 15 to 22 per hour (INR 1,275 - 1,870) |
On average, students can expect to spend between USD 30,000 and USD 40,000 per year on living expenses, including rent, food, transportation, and other personal costs:
|
Parameter |
Cost (Monthly, USD & INR) |
|---|---|
|
Rent |
USD 1,800 (INR 1.53 Lakh) |
|
Transport |
USD 250 (INR 21,250) |
|
Groceries |
USD 700 (INR 59,500) |
|
Utilities |
USD 250 (INR 21,250) |
|
Phone/Internet |
USD 150 (INR 12,750) |
|
Miscellaneous/Personal |
USD 500 (INR 42,500) |
|
Total |
USD 3,650 (INR 3.10 Lakh) |
The average tuition is USD 89,000 (about INR 76 lakh) per year. Graduates usually start with salaries between USD 170,000 and 190,000 (around ₹1.45 crore to 1.62 crore), so they can pay off their costs fairly quickly. Sloan students often see a return on investment (ROI) of 300% to 320% in 10 years:
|
Business School |
Average Tuition (USD/year) |
Average Tuition (INR/year) |
Average Starting Salary (USD/year) |
Average Starting Salary (INR/year) |
Estimated ROI Over 10 Years |
|---|---|---|---|---|---|
|
MIT Sloan |
$89,000 |
INR 75.97 Lakh |
$170,000 - $190,000 |
INR 1.45 Cr - 1.62 Cr |
300% - 320% |
|
Harvard Business School |
$76,410 |
INR 66.6 Lakh |
$175,000 - $200,000 |
INR 1.50 Cr - 1.72 Cr |
320% - 350% |
|
Wharton (UPenn) |
$84,830 |
INR 72.7 Lakh |
$180,000 - $210,000 |
INR 1.54 Cr - 1.80 Cr |
310% - 340% |
|
Columbia Business School |
$60,720 |
INR 52.1 Lakh |
$160,000 - $180,000 |
INR 1.37 Cr - 1.54 Cr |
280% - 300% |
|
Yale School of Management |
$119,110 |
INR 1.02 Cr |
$160,000 - $175,000 |
INR 1.37 Cr - 1.50 Cr |
270% - 290% |
|
Kellogg (Northwestern) |
$64,842 |
INR 55.6 Lakh |
$170,000 - $185,000 |
INR 1.46 Cr - 1.59 Cr |
290% - 310% |
|
NYU Stern |
$84,180 |
INR 72.2 Lakh |
$165,000 - $180,000 |
INR 1.41 Cr - 1.54 Cr |
275% - 300% |
Graduates from MIT Sloan are landing high-impact, high-paying roles at top firms within just three months of graduation. With median base salaries pushing past INR 1.4 crore, generous signing bonuses, and placement in global consulting and tech giants, MIT Sloan proves its worth year after year.
The table below breaks down exactly what you can expect in terms of salary, placement, and industry outcomes, helping you visualise the real value behind the fees you invest.
|
Metric |
Amount (USD) |
Amount (INR) |
|---|---|---|
|
Median Base Salary |
USD 169,550 |
INR 1,41,06,560 |
|
Median Signing Bonus (approx) |
USD 30,000 |
INR 24,96,000 |
|
Employment Rate (3 months) |
91.7% |
- |
|
Top Recruiting Industries |
Consulting, Tech, Finance |
- |
Applicants freeze when they first hear the MIT Sloan cost. They worry about mounting bills more than their dreams. Coaching over 200 candidates, I’ve seen this recurring drama: fear of debt leads to hesitation, but then they dive deep into the funding process and emerge empowered. Once the ROI clicks, the story flips. It's not just a degree but a launchpad.
Yocket Premium offers profile evaluations, SOP reviews, test prep strategies, and one-on-one counselling to help you stand out in a sea of applications. If you're serious about being the next name on this list of famous Harvard alumni, don't wait; start preparing with purpose today.
Yes, the MIT Sloan MBA is widely considered worth the investment. Graduates often secure high-paying roles in consulting, finance, tech, and entrepreneurship, with starting salaries ranging from USD 170,000 to 190,000 (INR 1.45 Cr to 1.62 Cr). Combined with strong networking and career support, the program offers a 10-year ROI of 300%-320%, making it a financially rewarding choice.
The tuition for the 2025-26 academic year is USD 89,000 (INR 76 Lakh). Including housing, food, health insurance, transportation, and personal expenses, the total cost of attendance for one year can reach USD 138,310 (INR 1.2 Cr).
MIT Sloan graduates typically earn starting salaries between USD 170,000 and 190,000 (INR 1.45 Cr to 1.62 Cr) per year. Salaries vary by industry, role, and prior experience, but the program consistently ranks among the top business schools for post-MBA compensation.
Candidates must hold a bachelor’s degree or equivalent and demonstrate strong academic and professional achievements. While there is no minimum work experience, most successful applicants have 2-8 years of professional experience. International students must also meet English proficiency requirements such as TOEFL, IELTS, or Duolingo English Test scores.
The full-time MIT Sloan MBA program lasts 2 years, including core courses, electives, and optional summer internship experiences. Some dual-degree or specialized tracks may have slightly different durations.
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