mit finance phd acceptance rate

Understanding the process: Admissions statistics

We love data at MIT. Reliable data, properly contextualized , can help people understand complex systems and make informed decisions. So, a few years ago, we began publishing our own admissions statistics which went beyond the stats already contributed to the MIT’s standard  Common Data Set .

Holistic admissions

It is important to understand that these numbers do not  determine  our admissions process, but are the  result   of  our process. In our  holistic admissions process,  we consider quantifications like  test scores , but we also care deeply about factors like  your match with MIT . Qualitative characteristics like these are much harder to quantify and are therefore not included in the tables below despite their centrality to our process.

The most important thing to remember is that at MIT  we admit people, not numbers . With that in mind, here are some numbers about the people we admit.

Admissions statistics for the Class of 2027

See also  First-year class profile .

Early Action

Regular Action

U.S. citizens/permanent residents

International students

Middle 50% score range of admitted students (25th and 75th percentiles)

Other sources of data about MIT

• Common Data Set
• Registrar’s Enrollment Statistics
• International Students Office Statistics
• College Board
• College Navigator
• College Results Online
• College Scorecard

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PhD in Finance from MIT: Admission Requirements, Application, and Acceptance Rate

• Updated on  
• Feb 29, 2024

Finance graduates enjoy a high salary and immense career growth across the world. Moreover, pursuing a PhD in the field gives you an even greater boost. If you want to pursue a PhD in finance , then the Massachusetts Institute of Technology’s Sloan School of Management is ideal for you. Located in Cambridge, Massachusetts, United States, it is recognised as one of the most prestigious institutes in the world. Keep reading if you want to learn in detail about the pursuit of MIT PhD finance. You will learn about the program’s details, tuition fees, admission requirements, and more. So, let’s dive right into our discussion without wasting a second. 

Why Pursue PhD Finance from MIT?

Let’s understand why you should pursue the MIT PhD Finance before learning about the various aspects of the program. So, here are the main reasons why you should go for this doctoral degree at MIT:

Acquire the Needed Knowledge: The program offers you an understanding of modern financial theory, whose practical implications are widely recognised and applied by Wall Street and corporations. You will be taught everything you need to conduct theoretical and applied research in the course. 

World-Renowned Faculty: You will benefit from world-renowned faculty and hands-on learning experiences, allowing you to receive the best education possible. 

Global Hub for Innovation: MIT is a renowned global hub of innovation in finance, management, entrepreneurship, analytics, and technology. Moreover, the degree earned from the institute will give you an edge over other professionals. 

Also Read: PhD in Chemistry at Edinburgh University: Entry Requirements, Cost, Application Process

Program Details

The MIT Sloan Finance Group provides a PhD in Finance, catering to students aspiring to make a research career in academic finance. Students are engaged primarily in coursework during the initial two years, taking both required and elective courses in preparation for their general exam towards the end of the second year. 

Students have to complete a research paper by the fifth semester’s end, present it to the faculty committee, and obtain a passing grade in the MIT PhD finance program. After this, they need to find a formal thesis advisor and create a thesis committee by the eighth semester’s end. The Thesis Committee must comprise at least one tenured faculty from the MIT Sloan Finance Group.

Tuition Fees

An MIT Sloan PhD Program charges an annual tuition fee of $57,575.98 . Moreover, the average monthly cost of living for an individual is $3,794 (with rent) in Cambridge, MA. So, keep these costs in mind to properly plan your educational budget. 

Now that you have learnt about the details and tuition fees of MIT PhD finance, let’s look at the rankings of MIT. The institute receives a top rank every year in the global rankings, reaffirming its excellence. 

See below the popular rankings of MIT:

MIT PhD Finance: Acceptance Rate

The acceptance rate for the MIT Sloan School of Management is 13-15%, making it a very competitive school to get into. However, don’t let the low acceptance rate discourage you from applying for admission. Pursuing a degree from here is very rewarding as far as your career is concerned, making all your efforts worthwhile. 

MIT PhD Finance: Admission Requirements

Before applying for the MIT PhD finance program, make sure you meet its eligibility criteria. So, here are the admission requirements for the MIT Sloan PhD Program:

• You must have a bachelor’s degree or equivalent. 
• Moreover, you are required to have a strong quantitative background.
• You also have to submit the following documents during your admission process:
• GMAT/GRE Scores
• Statement of Purpose
• Transcripts
• TOEFL/IELTS Scores
• Letters of Recommendation
• Video Essay
• Writing Sample(s)
• Valid Passport Copy (For International Students)
• Student Visa (For International Students)

Also Read: PhD at Columbia University: Courses Overview, Tuition Fees and Duration  

MIT PhD Finance: Application Process

The application process for the MIT PhD finance can become daunting. Luckily, we can help you with your application and make the whole process easier for you. 

Here is how we can help you in your application:

• You can use our Ai course finder to select the course you want to attend. 
• Then Leverage Edu’s experts will commence your application on your behalf for your chosen institute and program. 
• Your application must have some necessary documents like IELTS, TOEFL, LORs, SOPs, and essays. 
• So, please prepare all the mandatory documents for your application beforehand. 
• Our team will begin your application for housing, student loans, and scholarships once you have finished all the needed paperwork. 
• Now, relax and wait for your offer letter, which you are usually granted within 4-6 weeks.

Relevant Reads:

Answer: Yes, students obtain full academic year tuition along with a monthly fellowship stipend (current rate $4,497 per month) and/or TA/RA salary for each of 12 months a year.

Answer: Yes, MIT is renowned and recognised for its finance degrees across the world. 

Answer: The duration of a PhD course at MIT is 5-6 years. 

So, this was all about the MIT PhD finance Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad .

Abhishek Kumar Jha

Abhishek Kumar Jha is a professional content writer and marketer, having extensive experience in delivering content in journalism and marketing. He has written news content related to education for prominent media outlets, garnering expansive knowledge of the Indian education landscape throughout his experience. Moreover, he is a skilled content marketer, with experience in writing SEO-friendly blogs. His educational background includes a Postgraduate Diploma in English Journalism from the prestigious Indian Institute of Mass Communication (IIMC), Dhenkanal. By receiving an education from a top journalism school and working in the corporate world with complete devotion, he has honed the essential skills needed to excel in content writing.

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Graduate Admissions

Applicants for graduate degree programs are evaluated for previous performance and professional promise by the department in which they wish to enroll.

Selected 2023 Graduate Admissions Statistics

Applications for graduate study

Offers of admission (11%)

First-year students registered in advanced degree programs (59%)

International citizens from 102 countries

MIT Grad School Acceptance Rate: What Are Your Chances Of Getting In?

Getting into MIT for graduate school is no easy feat, with admission rates hovering in the single digits. But that doesn’t mean you shouldn’t shoot your shot if MIT is your dream school.

If you’re short on time, here’s a quick answer to your question: the overall MIT graduate school acceptance rate is around 8% to 10.6%, but it varies significantly by department and program.

In this comprehensive guide, we’ll break down MIT’s graduate school acceptance rates in detail across departments, programs, demographics, and more. We’ll also provide tips to strengthen your MIT grad school application.

Overall MIT Graduate School Acceptance Rate

If you’re considering applying to the Massachusetts Institute of Technology (MIT) for graduate school, one of the first questions that may come to mind is: “What are my chances of getting in?” While there is no definitive answer , understanding the overall acceptance rate can give you some insight into the level of competition you’ll be facing.

MIT is known for its rigorous academic programs and cutting-edge research, which attracts a large number of highly qualified applicants each year. As a result, the acceptance rate for graduate programs at MIT is typically quite low.

However, it’s important to note that acceptance rates can vary significantly depending on the specific program you are applying to.

            View this post on Instagram                         A post shared by MIT (@mit)

Acceptance Rates by Program

MIT offers a wide range of graduate programs in fields such as engineering, computer science, biology, and economics, among others. Each program has its own specific acceptance rate, which may be influenced by factors such as the number of available spots, the number of applicants, and the competitiveness of the applicant pool.

For example, the acceptance rate for the MIT Sloan School of Management ‘s MBA program is typically around 12%. On the other hand, programs in highly competitive fields , such as physics or electrical engineering, may have acceptance rates as low as 5% .

It’s important to keep in mind that these acceptance rates are approximate and can vary from year to year . Additionally, meeting the minimum requirements for admission does not guarantee acceptance, as the selection process takes into account a wide range of factors including academic achievements, research experience, letters of recommendation, and personal statements.

Tips for Improving Your Chances

While the acceptance rates at MIT’s graduate programs may seem daunting, there are steps you can take to improve your chances of being admitted. Here are a few tips:

• Focus on your academic achievements : Maintain a strong GPA and take challenging courses in your field of interest.
• Gain research experience : Participate in research projects or internships to demonstrate your ability to contribute to the field.
• Obtain strong letters of recommendation : Seek out professors or professionals who can speak to your abilities and potential in your chosen field.
• Write a compelling personal statement : Use this opportunity to showcase your passion, goals, and why you’re a good fit for the program.
• Prepare for interviews : If you’re invited for an interview, be prepared to discuss your background, experience, and future goals.

Remember, while the acceptance rate at MIT graduate programs may be low, it’s important to stay positive and put your best foot forward in the application process. Good luck!

MIT Grad School Acceptance Rates by Department

While MIT is renowned for its excellence in science, technology, engineering, and mathematics (STEM) fields, it also offers a wide range of graduate programs across various departments. Each department has its own unique acceptance rates , which can vary depending on factors such as the number of applications received, the quality of applicants, and the availability of funding.

Engineering and Computer Science

The engineering and computer science departments at MIT are highly competitive, with acceptance rates typically ranging from 6% to 8%. These departments receive a large number of applications from highly qualified candidates from around the world.

It is essential to have a strong academic background, relevant research experience, and outstanding letters of recommendation to increase your chances of acceptance.

Business and Economics

MIT’s Sloan School of Management offers graduate programs in business and economics, attracting students with a passion for entrepreneurship and leadership. The acceptance rate for these programs is slightly higher compared to the STEM fields, ranging from 10% to 15%.

However, competition is still fierce, and applicants are expected to demonstrate exceptional academic achievements, relevant work experience, and strong interpersonal skills.

Life Sciences and Health Sciences

MIT’s life sciences and health sciences departments encompass a wide range of disciplines, including biology, bioengineering, neuroscience, and genetics. Acceptance rates in these fields can vary, but they generally fall within the range of 10% to 15%.

Admission committees look for applicants with a strong background in the life sciences, research experience, and a genuine passion for advancing knowledge in these areas.

Architecture and Design

MIT’s School of Architecture and Planning offers graduate programs in architecture, urban design, and urban planning. The acceptance rates for these programs are typically higher than those in the STEM fields, averaging around 15% to 20%.

However, applicants are still expected to demonstrate a strong portfolio of their design work, as well as a solid academic background and a clear passion for the field.

Humanities, Arts, and Social Sciences

MIT’s School of Humanities, Arts, and Social Sciences offers graduate programs in a variety of disciplines, including literature, history, economics, and linguistics. The acceptance rates for these programs can range from 10% to 20%.

While academic achievements are crucial, applicants are also expected to demonstrate creativity, critical thinking skills, and a genuine interest in advancing knowledge in their chosen field of study.

It is important to note that these acceptance rates are approximate and can vary from year to year . Additionally, meeting the minimum requirements does not guarantee admission, as the selection process is holistic and takes into account the overall profile of each applicant.

If you are considering applying to MIT’s graduate school, it is recommended to visit the official MIT Graduate Admissions website for the most up-to-date and accurate information regarding acceptance rates by department.

MIT Grad School Acceptance Rates by Program

When considering applying to MIT’s prestigious graduate school, it is important to understand the acceptance rates for different programs . While MIT is known for its highly competitive admissions process, acceptance rates can vary by program.

Here is a breakdown of acceptance rates for some of MIT’s popular graduate programs:

Engineering

MIT’s engineering programs are highly sought after and competitive. The acceptance rate for engineering programs at MIT is typically around 8%-10%. This means that out of every 100 applicants, only 8-10 students are accepted into the program.

It is important to have a strong academic background and impressive research experience to increase your chances of acceptance.

Computer Science

MIT’s computer science program is renowned worldwide. The acceptance rate for this program is highly competitive, usually around 7%-9%. With the increasing demand for computer science professionals, the competition to get into MIT’s computer science program is fierce.

It is crucial to have a strong background in computer science and demonstrate exceptional coding skills to stand out among other applicants.

MIT’s Sloan School of Management offers highly esteemed business programs. The acceptance rate for business programs at MIT is generally around 10%-15%. The business school looks for applicants with a combination of academic excellence, leadership potential, and industry experience.

To increase your chances of acceptance, it is important to showcase your unique qualities and achievements in your application.

Architecture

MIT’s School of Architecture and Planning offers innovative programs in architecture and urban planning. The acceptance rate for these programs is typically around 15%-20%. The school looks for applicants with a strong portfolio and a passion for design and sustainability.

To increase your chances of acceptance, it is important to showcase your creativity and unique perspective in your application.

MIT’s physics program is highly regarded in the academic community. The acceptance rate for this program is generally around 6%-8%. This program is highly competitive, and applicants are expected to have a strong background in physics and mathematics.

To increase your chances of acceptance, it is important to demonstrate your research experience and passion for the field.

It is important to note that acceptance rates can vary from year to year and may be influenced by factors such as the number of applicants and the overall strength of the applicant pool . It is also crucial to keep in mind that acceptance rates are just one factor to consider when applying to graduate school.

Other factors such as your academic achievements, research experience, statement of purpose, and letters of recommendation also play a significant role in the admissions process.

How MIT Grad School Acceptance Rates Vary by Demographics

Getting into MIT’s graduate school is a dream for many aspiring students. However, the acceptance rates for this prestigious institution can vary depending on several factors, including demographics. Let’s take a closer look at how these acceptance rates differ among different groups of applicants.

When it comes to gender, MIT strives for diversity and equal representation . While the acceptance rates for male and female applicants may vary slightly from year to year, the overall trend shows a relatively balanced acceptance rate.

This means that both male and female applicants have an equal chance of being accepted into MIT’s grad school.

2. Ethnicity

MIT is committed to promoting diversity and inclusion among its student body. Therefore, they strive to ensure that students from various ethnic backgrounds are represented in their graduate programs. While the acceptance rates for different ethnic groups may fluctuate, MIT makes efforts to maintain a fair and inclusive admissions process.

It’s worth noting that some ethnic groups may have historically faced barriers to higher education. In recognition of this, MIT actively seeks to provide opportunities for underrepresented minorities in their admissions process.

3. Academic Background

MIT grad school acceptance rates can also vary based on an applicant’s academic background. While a strong academic record is essential, MIT takes a holistic approach to admissions, considering factors beyond just grades and test scores.

MIT values applicants who demonstrate a passion for their field, innovative thinking, and the ability to contribute to their chosen field of study. Therefore, even if an applicant’s academic background may not be as strong as others, they still have a chance of being accepted if they showcase their unique qualities and potential.

4. Research Experience

Research experience can greatly enhance an applicant’s chances of getting into MIT’s grad school. MIT places a strong emphasis on research and encourages applicants to showcase their previous research work, publications, or significant contributions to their field.

Having research experience demonstrates an applicant’s commitment to their chosen field and their ability to contribute to the advancement of knowledge. It also indicates that the applicant is familiar with the research culture at MIT and is prepared to engage in cutting-edge research during their time at the institution.

Tips for Getting Into MIT for Grad School

Getting accepted into MIT for grad school is a highly competitive process, but with the right approach and preparation, you can increase your chances of success. Here are some tips to help you navigate the application process and stand out among other applicants:

1. Focus on your academic achievements

MIT places a strong emphasis on academic excellence, so it’s important to showcase your achievements in your application. Highlight your GPA, relevant coursework, research experience, and any publications or presentations you have made.

Additionally, strong letters of recommendation from professors who can vouch for your academic abilities can greatly enhance your application.

2. Tailor your application to MIT

MIT is looking for students who are not only academically strong but also a good fit for the institute’s culture and values. Take the time to research MIT’s programs, faculty, and research opportunities.

In your application, demonstrate how your interests align with the specific programs and resources offered by MIT . Show that you have a clear understanding of what MIT has to offer and how you can contribute to the community.

3. Showcase your research experience

MIT is renowned for its cutting-edge research, so if you have prior research experience, make sure to highlight it in your application. Discuss any research projects you have worked on, any findings or contributions you have made, and how this experience has prepared you for further research at MIT.

If possible, provide examples of how your research aligns with MIT’s areas of focus.

4. Craft a compelling personal statement

Your personal statement is an opportunity to showcase your passion, motivation, and unique perspective. Use this space to explain why you want to pursue a graduate degree at MIT, what you hope to achieve, and how your background and experiences have led you to this point.

Be genuine and authentic in your writing, and make sure to explain how MIT specifically fits into your future goals.

5. Prepare for the interview

If you are selected for an interview, it is important to be well-prepared. Research common interview questions and practice your responses. Be ready to articulate your academic and research interests, your career goals, and your fit with MIT’s community.

Additionally, familiarize yourself with the faculty members who may be interviewing you , as you may be asked specific questions related to their areas of expertise.

Remember, while getting into MIT for grad school is challenging, it is not impossible. With a strong application, a clear passion for your field of study, and a genuine desire to contribute to MIT’s community, you can increase your chances of acceptance. Good luck!

MIT graduate programs are among the most selective in the world. But with outstanding academics, stellar test scores, glowing recommendations, and a compelling personal narrative, you can land yourself in Cambridge for your postgrad studies.

Persistence and perfectionism are key. Target your MIT grad school applications smartly, highlight your fit, and don’t get discouraged if you don’t get in on the first try. You’ve got this!

Maria Sanchez is the founder of the Save Our Schools March blog. As a former teacher and parent, she is passionate about equitable access to quality public education. Maria created the blog to build awareness around education issues and solutions after organizing a local march for public schools.

With a Master's in Education, Maria taught high school English before leaving her career to raise a family. As a parent, she became concerned about underfunded schools and over-testing. These experiences drove Maria to become an education advocate.

On the blog, Maria provides resources and policy insights from the dual perspective of an informed parent and former teacher. She aims to inspire others to join the movement for quality, equitable public education. Maria lives with her family in [city, state].

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Graduate students

We help graduate students with student loans, Federal Work-Study, sponsored billing, and veterans benefits.

table of contents

Graduate student support.

We understand that oftentimes there are unexpected academic, professional, and personal costs that come up. Through additional financial supports, MIT wants to make sure that the graduate student community has resources to offer help if they need it.

We coordinate with you and your department and offer resources to help you with expenses. We also help manage student loans, federal benefits, and other forms of aid, as well as collect payments if needed.

Fellowships and assistantships

Most graduate students are supported by fellowships or by appointments as research or teaching assistants. More resources are coordinated by the Office of Graduate Education , an Institute-wide support and referral office for graduate students and administrators.

by the numbers

Finding fellowships.

The percentage of first-year degree-seeking graduate students primarily supported by fellowships in 2023.

Research and teaching

The number of graduate students primarily supported as research or teaching assistants in 2023.

The percentage of doctoral recipients who graduated in 2023 with no graduate debt .

Key terms for graduate students

Admissions FAQ

Please review these commonly asked questions carefully before reaching out to the department. Still can’t find the information you need? Send us an email at [email protected] .

I applied last year; how can I reapply?

You should complete a new online application and check the relevant box indicating that you previously applied. In order for your materials to be re-reviewed, you must provide at least one new recommendation letter as well as the standard application form, transcripts, and all required materials. The application fee is NOT waived for applicants who are re-applying.

May I include supplemental materials with my application?

Yes. The online application allows applicants to provide URLs for web-based supplemental documents such as a CV or resume, or full text or abstracts of a paper or publication. This link can be to a personal web page or a file-sharing account (e.g., Dropbox). Applicants should be judicious in their choice of supplemental documents. Committee members are most likely to review a CV and/or published papers. The supplemental materials section includes a larger field where you can enter more than one URL with comments or labels (the URLs will not be live links) and a smaller box that allows one URL without explanatory text that will appear as a live link when reviewed. You can use either or both boxes.  Do not mail or email supplemental materials to the department office.

What degree do I need to apply?

A bachelor’s degree (or equivalent) is required. It is not essential that the bachelor’s degree be in economics, but some preparation in undergraduate economics, especially in economic theory, is a necessity, as is a working knowledge of calculus.

Can I apply if I already have another PhD or doctoral degree?

Yes. You will still need to provide all the  required materials .

Is it required or recommended that I complete any specific undergraduate coursework?

No. Some students come to us after finishing master’s degrees in economics, some come from undergraduate economics programs, and some have degrees in another field. What we look for depends on the student’s background. Successful candidates whose prior background is primarily in economics have typically excelled in advanced undergraduate or graduate courses and taken math through at least linear algebra. Many have taken real analysis or some other advanced proof-oriented course, but it is not required. For candidates whose previous studies have not focused on economics, we look for evidence of exceptional performance in their prior field of study, strong technical skills, and some economics background. It would be unusual for us to accept a student who has not taken intermediate microeconomics.

May I apply to other MIT programs or departments while applying to MIT Economics?

Yes, but you are required to complete separate applications for each program. We do not share supporting materials, and a separate fee is required for each application.

Can I visit your department or contact faculty before being admitted?

No. Official department visits, including faculty meetings, are arranged  after  students have been admitted. However, you are more than welcome to arrange a tour of the MIT campus through the  MIT Information Center .

Can you give me an idea of my chances for admission, based on test scores or class rank, for example?

No. We cannot make preliminary evaluations based on one or two qualifications. Our admissions committee carefully reviews entire applications (recommendations, essay, grades, test scores, previous experience, etc.) when making its decisions. The department looks for academic and research potential, focusing primarily on coursework, grades and letters of recommendation.

Will the department keep me informed of my application status?

We do not routinely acknowledge receipt of applications or supporting documents. Once you have submitted an online application you may go back in and check the status of your application and recommendations. Decisions will be communicated via email and letter. Information about decisions will not be given over the phone.

When can I expect to be notified about an admission decision?

Most notices of acceptance are sent out by mid-February, though some may be sent as late as mid-March. Candidates have until April 15 to notify the Department of their decision to accept or reject their offer of admission.

Can I request information about why I was not accepted to the program?

No. Due to the large volume of qualified applicants to the program and the small number of students accepted, we are unable to provide specifics about why an application was denied.

How many applications does the department receive each year, and how many are admitted?

The department receives approximately 800 applications each year. Of those, about 40 students are admitted and 20-24 enroll.

What portion of graduate students are international? Are there any special considerations or requirements for international applications?

A significant portion, usually about half, of admitted students are international. No, there are no special considerations or requirements for those applications.

How long does it take to complete the PhD program?

It varies from person to person, but for most, the program is completed in five or six years, with the first two years spent on required coursework and the latter three or four devoted to field research and dissertation writing.

Can I transfer credits from another master’s or PhD program I have attended?

No, we do not accept transfer credits. However, we do offer the option of waiver exams for micro theory, macro theory, and statistics.

Can I defer if I am admitted to the program?

Deferrals are handled on an individual basis. The maximum deferral granted is two years. Funding offers cannot be deferred.

Do you offer a distance learning degree, a part-time degree, or part-time non-degree study?

We do not offer a distance learning degree or a part-time degree program. Part-time non-degree study is considered “special student status” at MIT and is overseen by the Graduate Admissions Office. Please see the  Graduate Admissions Office  website for more information.

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Interdisciplinary Doctoral Program in Statistics

The Interdisciplinary Doctoral Program in Statistics is an opportunity for students in a multitude of disciplines to specialize at the doctoral level in a statistics-grounded view of their field. Participating programs include Aeronautics and Astronautics, Brain and Cognitive Sciences, Economics, Mathematics, Mechanical Engineering, Physics, Political Science, and the IDSS Social and Engineering Systems Doctoral Program.

The program is administered jointly by the Statistics and Data Science Center and the participating academic units. Students enrolled in a doctoral program in a participating department may choose to be considered for the Interdisciplinary Doctoral Program in Statistics. Please refer to the program's website for details on the selection process.

Selected students will complete the home department’s degree requirements (including the qualifying exam) along with specified statistics requirements including a doctoral seminar, coursework in probability, statistics, computation and statistics, and data analysis, and a dissertation that utilizes statistical methods in a substantial way. 

For more information about the program, contact the Statistics Academic Administrator .

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MIT Grad School Acceptance Rate: What Are Your Chances Of Getting In? – Save Our Schools March

Getting into MIT for graduate school is no easy feat, with admission rates hovering in the single digits. But that doesn’t mean you shouldn’t shoot your shot if MIT is your dream school.

If you‘re short on time, here‘s a quick answer to your question: the overall MIT graduate school acceptance rate is around 8% to 10.6%, but it varies significantly by department and program.

In this comprehensive guide, we‘ll break down MIT‘s graduate school acceptance rates in detail across departments, programs, demographics, and more. We‘ll also provide tips to strengthen your MIT grad school application.

Overall MIT Graduate School Acceptance Rate

If you‘re considering applying to the Massachusetts Institute of Technology (MIT) for graduate school, one of the first questions that may come to mind is: “What are my chances of getting in?” While there is no definitive answer , understanding the overall acceptance rate can give you some insight into the level of competition you‘ll be facing.

MIT is known for its rigorous academic programs and cutting-edge research, which attracts a large number of highly qualified applicants each year. As a result, the acceptance rate for graduate programs at MIT is typically quite low.

However, it‘s important to note that acceptance rates can vary significantly depending on the specific program you are applying to.

Acceptance Rates by Program

MIT offers a wide range of graduate programs in fields such as engineering, computer science, biology, and economics, among others. Each program has its own specific acceptance rate, which may be influenced by factors such as the number of available spots, the number of applicants, and the competitiveness of the applicant pool.

For example, the acceptance rate for the MIT Sloan School of Management’s MBA program is typically around 12%. On the other hand, programs in highly competitive fields , such as physics or electrical engineering, may have acceptance rates as low as 5% .

It‘s important to keep in mind that these acceptance rates are approximate and can vary from year to year . Additionally, meeting the minimum requirements for admission does not guarantee acceptance, as the selection process takes into account a wide range of factors including academic achievements, research experience, letters of recommendation, and personal statements.

Tips for Improving Your Chances

While the acceptance rates at MIT‘s graduate programs may seem daunting, there are steps you can take to improve your chances of being admitted. Here are a few tips:

• Focus on your academic achievements : Maintain a strong GPA and take challenging courses in your field of interest.
• Gain research experience : Participate in research projects or internships to demonstrate your ability to contribute to the field.
• Obtain strong letters of recommendation : Seek out professors or professionals who can speak to your abilities and potential in your chosen field.
• Write a compelling personal statement : Use this opportunity to showcase your passion, goals, and why you’re a good fit for the program.
• Prepare for interviews : If you’re invited for an interview, be prepared to discuss your background, experience, and future goals.

Remember, while the acceptance rate at MIT graduate programs may be low, it‘s important to stay positive and put your best foot forward in the application process. Good luck!

MIT Grad School Acceptance Rates by Department

While MIT is renowned for its excellence in science, technology, engineering, and mathematics (STEM) fields, it also offers a wide range of graduate programs across various departments. Each department has its own unique acceptance rates , which can vary depending on factors such as the number of applications received, the quality of applicants, and the availability of funding.

Engineering and Computer Science

The engineering and computer science departments at MIT are highly competitive, with acceptance rates typically ranging from 6% to 8%. These departments receive a large number of applications from highly qualified candidates from around the world.

It is essential to have a strong academic background, relevant research experience, and outstanding letters of recommendation to increase your chances of acceptance.

Business and Economics

MIT’s Sloan School of Management offers graduate programs in business and economics, attracting students with a passion for entrepreneurship and leadership. The acceptance rate for these programs is slightly higher compared to the STEM fields, ranging from 10% to 15%.

However, competition is still fierce, and applicants are expected to demonstrate exceptional academic achievements, relevant work experience, and strong interpersonal skills.

Life Sciences and Health Sciences

MIT’s life sciences and health sciences departments encompass a wide range of disciplines, including biology, bioengineering, neuroscience, and genetics. Acceptance rates in these fields can vary, but they generally fall within the range of 10% to 15%.

Admission committees look for applicants with a strong background in the life sciences, research experience, and a genuine passion for advancing knowledge in these areas.

Architecture and Design

MIT’s School of Architecture and Planning offers graduate programs in architecture, urban design, and urban planning. The acceptance rates for these programs are typically higher than those in the STEM fields, averaging around 15% to 20%.

However, applicants are still expected to demonstrate a strong portfolio of their design work, as well as a solid academic background and a clear passion for the field.

Humanities, Arts, and Social Sciences

MIT’s School of Humanities, Arts, and Social Sciences offers graduate programs in a variety of disciplines, including literature, history, economics, and linguistics. The acceptance rates for these programs can range from 10% to 20%.

While academic achievements are crucial, applicants are also expected to demonstrate creativity, critical thinking skills, and a genuine interest in advancing knowledge in their chosen field of study.

It is important to note that these acceptance rates are approximate and can vary from year to year . Additionally, meeting the minimum requirements does not guarantee admission, as the selection process is holistic and takes into account the overall profile of each applicant.

If you are considering applying to MIT’s graduate school, it is recommended to visit the official MIT Graduate Admissions website for the most up-to-date and accurate information regarding acceptance rates by department.

MIT Grad School Acceptance Rates by Program

When considering applying to MIT’s prestigious graduate school, it is important to understand the acceptance rates for different programs . While MIT is known for its highly competitive admissions process, acceptance rates can vary by program.

Here is a breakdown of acceptance rates for some of MIT’s popular graduate programs:

Engineering

MIT’s engineering programs are highly sought after and competitive. The acceptance rate for engineering programs at MIT is typically around 8%-10%. This means that out of every 100 applicants, only 8-10 students are accepted into the program.

It is important to have a strong academic background and impressive research experience to increase your chances of acceptance.

Computer Science

MIT’s computer science program is renowned worldwide. The acceptance rate for this program is highly competitive, usually around 7%-9%. With the increasing demand for computer science professionals, the competition to get into MIT’s computer science program is fierce.

It is crucial to have a strong background in computer science and demonstrate exceptional coding skills to stand out among other applicants.

MIT’s Sloan School of Management offers highly esteemed business programs. The acceptance rate for business programs at MIT is generally around 10%-15%. The business school looks for applicants with a combination of academic excellence, leadership potential, and industry experience.

To increase your chances of acceptance, it is important to showcase your unique qualities and achievements in your application.

Architecture

MIT’s School of Architecture and Planning offers innovative programs in architecture and urban planning. The acceptance rate for these programs is typically around 15%-20%. The school looks for applicants with a strong portfolio and a passion for design and sustainability.

To increase your chances of acceptance, it is important to showcase your creativity and unique perspective in your application.

MIT’s physics program is highly regarded in the academic community. The acceptance rate for this program is generally around 6%-8%. This program is highly competitive, and applicants are expected to have a strong background in physics and mathematics.

To increase your chances of acceptance, it is important to demonstrate your research experience and passion for the field.

It is important to note that acceptance rates can vary from year to year and may be influenced by factors such as the number of applicants and the overall strength of the applicant pool . It is also crucial to keep in mind that acceptance rates are just one factor to consider when applying to graduate school.

Other factors such as your academic achievements, research experience, statement of purpose, and letters of recommendation also play a significant role in the admissions process.

How MIT Grad School Acceptance Rates Vary by Demographics

Getting into MIT’s graduate school is a dream for many aspiring students. However, the acceptance rates for this prestigious institution can vary depending on several factors, including demographics. Let’s take a closer look at how these acceptance rates differ among different groups of applicants.

When it comes to gender, MIT strives for diversity and equal representation . While the acceptance rates for male and female applicants may vary slightly from year to year, the overall trend shows a relatively balanced acceptance rate.

This means that both male and female applicants have an equal chance of being accepted into MIT’s grad school.

2. Ethnicity

MIT is committed to promoting diversity and inclusion among its student body. Therefore, they strive to ensure that students from various ethnic backgrounds are represented in their graduate programs. While the acceptance rates for different ethnic groups may fluctuate, MIT makes efforts to maintain a fair and inclusive admissions process.

It’s worth noting that some ethnic groups may have historically faced barriers to higher education. In recognition of this, MIT actively seeks to provide opportunities for underrepresented minorities in their admissions process.

3. Academic Background

MIT grad school acceptance rates can also vary based on an applicant’s academic background. While a strong academic record is essential, MIT takes a holistic approach to admissions, considering factors beyond just grades and test scores.

MIT values applicants who demonstrate a passion for their field, innovative thinking, and the ability to contribute to their chosen field of study. Therefore, even if an applicant’s academic background may not be as strong as others, they still have a chance of being accepted if they showcase their unique qualities and potential.

4. Research Experience

Research experience can greatly enhance an applicant’s chances of getting into MIT’s grad school. MIT places a strong emphasis on research and encourages applicants to showcase their previous research work, publications, or significant contributions to their field.

Having research experience demonstrates an applicant’s commitment to their chosen field and their ability to contribute to the advancement of knowledge. It also indicates that the applicant is familiar with the research culture at MIT and is prepared to engage in cutting-edge research during their time at the institution.

Tips for Getting Into MIT for Grad School

Getting accepted into MIT for grad school is a highly competitive process, but with the right approach and preparation, you can increase your chances of success. Here are some tips to help you navigate the application process and stand out among other applicants:

1. Focus on your academic achievements

MIT places a strong emphasis on academic excellence, so it’s important to showcase your achievements in your application. Highlight your GPA, relevant coursework, research experience, and any publications or presentations you have made.

Additionally, strong letters of recommendation from professors who can vouch for your academic abilities can greatly enhance your application.

2. Tailor your application to MIT

MIT is looking for students who are not only academically strong but also a good fit for the institute’s culture and values. Take the time to research MIT’s programs, faculty, and research opportunities.

In your application, demonstrate how your interests align with the specific programs and resources offered by MIT . Show that you have a clear understanding of what MIT has to offer and how you can contribute to the community.

3. Showcase your research experience

MIT is renowned for its cutting-edge research, so if you have prior research experience, make sure to highlight it in your application. Discuss any research projects you have worked on, any findings or contributions you have made, and how this experience has prepared you for further research at MIT.

If possible, provide examples of how your research aligns with MIT’s areas of focus.

4. Craft a compelling personal statement

Your personal statement is an opportunity to showcase your passion, motivation, and unique perspective. Use this space to explain why you want to pursue a graduate degree at MIT, what you hope to achieve, and how your background and experiences have led you to this point.

Be genuine and authentic in your writing, and make sure to explain how MIT specifically fits into your future goals.

5. Prepare for the interview

If you are selected for an interview, it is important to be well-prepared. Research common interview questions and practice your responses. Be ready to articulate your academic and research interests, your career goals, and your fit with MIT’s community.

Additionally, familiarize yourself with the faculty members who may be interviewing you , as you may be asked specific questions related to their areas of expertise.

Remember, while getting into MIT for grad school is challenging, it is not impossible. With a strong application, a clear passion for your field of study, and a genuine desire to contribute to MIT’s community, you can increase your chances of acceptance. Good luck!

MIT graduate programs are among the most selective in the world. But with outstanding academics, stellar test scores, glowing recommendations, and a compelling personal narrative, you can land yourself in Cambridge for your postgrad studies.

Persistence and perfectionism are key. Target your MIT grad school applications smartly, highlight your fit, and don’t get discouraged if you don’t get in on the first try. You’ve got this!

A dedicated father and former high school English teacher, Chris's journey into education advocacy is both personal and profound. His passion for equitable education sparked not in the classroom, but at home, as he navigated the challenges and triumphs of raising his children within the public education system.

After receiving his Master's in Education, Chris embarked on a teaching career, enriching young minds with literature and critical thinking skills. However, it was his transition to full-time parenthood that brought a new dimension to his understanding of education. He witnessed firsthand the effects of underfunding and standardized test pressures on schools and students alike.

Motivated by these experiences, Chris took his advocacy to the digital world. His blog, born from a blend of professional insight and parental concern, delves into the nuances of educational policy, resource allocation, and the need for a balanced approach to student assessment. Chris's unique perspective as both educator and parent offers a compelling call to action for quality, accessible public education.

Chris, residing with his family in [City, State], continues to be a beacon for educational reform, inspiring others through his writings and community involvement.

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QS ranks MIT the world’s No. 1 university for 2024-25

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MIT has again been named the world’s top university by the QS World University Rankings, which were announced today. This is the 13th year in a row MIT has received this distinction.

The full 2025 edition of the rankings — published by Quacquarelli Symonds, an organization specializing in education and study abroad — can be found at TopUniversities.com . The QS rankings are based on factors including academic reputation, employer reputation, citations per faculty, student-to-faculty ratio, proportion of international faculty, and proportion of international students.

MIT was also ranked the world’s top university in 11 of the subject areas ranked by QS , as announced in April of this year.

The Institute received a No. 1 ranking in the following QS subject areas: Chemical Engineering; Civil and Structural Engineering; Computer Science and Information Systems; Data Science and Artificial Intelligence; Electrical and Electronic Engineering; Linguistics; Materials Science; Mechanical, Aeronautical, and Manufacturing Engineering; Mathematics; Physics and Astronomy; and Statistics and Operational Research.

MIT also placed second in five subject areas: Accounting and Finance; Architecture/Built Environment; Biological Sciences; Chemistry; and Economics and Econometrics.

QS has also released a ranking of specialized master’s programs in business . MIT ranked first for its program in supply chain management and second for its program in business analytics.

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MIT is the world’s No.1 university for the 13 th year in a row, according to the latest global university rankings from publisher QS Top Universities. 

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QS World University Rankings 2024: Top global universities

The 20th edition of the QS World University Rankings features 1,500 institutions across 104 locations and is the only ranking of its kind to emphasise employability and sustainability.

This year, we've implemented our largest-ever methodological enhancement, introducing three new metrics: Sustainability, Employment Outcomes and International Research Network. 

The results draw on the analysis of 17.5m academic papers and the expert opinions of over 240,000 academic faculty and employers. Massachusetts Institute of Technology celebrates twelve years at the top, the University of Cambridge retains 2nd place while the University of Oxford (3rd) climbs one position. 

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Bring a business perspective to your technical and quantitative expertise with a bachelor’s degree in management, business analytics, or finance.

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MIT Sloan Health Systems Initiative

What to do about AI in health?

Alex Ouyang | Abdul Latif Jameel Clinic for Machine Learning in Health

Publication Date: January 23, 2024

Before a drug is approved by the U.S. Food and Drug Administration (FDA), it must demonstrate both safety and efficacy. However, the FDA does not require an understanding a drug’s mechanism of action for approval. This acceptance of results without explanation raises the question of whether the "black box" decision-making process of a safe and effective artificial intelligence model must be fully explained in order to secure FDA approval.  

This topic was one of many discussion points addressed on Monday, Dec. 4 during the  MIT Abdul Latif Jameel Clinic for Machine Learning in Health  (Jameel Clinic)  AI and Health Regulatory Policy Conference , which ignited a series of discussions and debates amongst faculty; regulators from the United States, EU, and Nigeria; and industry experts concerning the regulation of AI in health. 

As machine learning continues to evolve rapidly, uncertainty persists as to whether regulators can keep up and still reduce the likelihood of harmful impact while ensuring that their respective countries remain competitive in innovation. To promote an environment of frank and open discussion, the Jameel Clinic event’s attendance was highly curated for an audience of 100 attendees debating through the enforcement of the Chatham House Rule, to allow speakers anonymity for discussing controversial opinions and arguments without being identified as the source. 

Rather than hosting an event to generate buzz around AI in health, the Jameel Clinic's goal was to create a space to keep regulators apprised of the most cutting-edge advancements in AI, while allowing faculty and industry experts to propose new or different approaches to regulatory frameworks for AI in health, especially for AI use in clinical settings and in drug development. 

AI’s role in medicine is more relevant than ever, as the industry struggles with a post-pandemic labor shortage, increased costs (“Not a salary issue, despite common belief,” said one speaker), as well as high rates of burnout and resignations among health care professionals. One speaker suggested that priorities for clinical AI deployment should be focused more on operational tooling rather than patient diagnosis and treatment. 

One attendee pointed out a “clear lack of education across all constituents — not just amongst developer communities and health care systems, but with patients and regulators as well.” Given that medical doctors are often the primary users of clinical AI tools, a number of the medical doctors present pleaded with regulators to consult them before taking action. 

Data availability was a key issue for the majority of AI researchers in attendance. They lamented the lack of data to make their AI tools work effectively. Many faced barriers such as intellectual property barring access or simply a dearth of large, high-quality datasets. “Developers can’t spend billions creating data, but the FDA can,” a speaker pointed out during the event. “There’s a price uncertainty that could lead to underinvestment in AI.” Speakers from the EU touted the development of a system obligating governments to make health data available for AI researchers. 

By the end of the daylong event, many of the attendees suggested prolonging the discussion and praised the selective curation and closed environment, which created a unique space conducive to open and productive discussions on AI regulation in health. Once future follow-up events are confirmed, the Jameel Clinic will develop additional workshops of a similar nature to maintain the momentum and keep regulators in the loop on the latest developments in the field.

“The North Star for any regulatory system is safety,” acknowledged one attendee. “Generational thought stems from that, then works downstream.” 

Master’s Degrees

The master’s degree generally requires a minimum of one academic year of study..

Admission to MIT for the master’s degree does not necessarily imply an automatic commitment by MIT beyond that level of study.

In the School of Engineering, students may be awarded the engineer’s degree. This degree program requires two years of study and provides a higher level of professional competence than is required by a master’s degree program, but less emphasis is placed on creative research than in the doctoral program.

Below is a list of programs and departments that offer master-level degrees.

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CHIPS Act faces talent shortage despite $500 billion investment: ‘We have to make semiconductor manufacturing sexy’

In the nearly two years since President Biden signed the CHIPS and Science Act into law with the aim of revitalizing the American semiconductor industry, the top-line numbers have been impressive. So far, the Commerce Department has announced nearly $30 billion in grants and an additional $25 billion in loans to leading chip manufacturers, along with generous tax breaks to give the sector an extra boost. That’s attracted a staggering $450 billion in private investment , and the development of major new factories from Ohio to Arizona.

But experts tell Fortune that as the CHIPS Act enters a new phase and planned projects start to become operational, they’re bracing for a major hurdle: Factories don’t have enough qualified workers to staff them.

“Workforce is a really, really important potential bottleneck,” a Commerce Department official told Fortune, who agreed to an interview on the condition that they not be named directly. “We have some of the world’s greatest talent in this country. But because we have dramatically reduced our footprint in semiconductor manufacturing over the past 35 years, we have lost a lot of those skills, and we need to reinvigorate that.”

After a yearslong trend of outsourcing skilled chipmaking labor to Asia, the leading semiconductor trade group estimates the U.S. is currently short roughly 67,000 skilled workers —or 58% of all new jobs that will be created by CHIPS Act investment by 2030. Federal officials, nonprofits, and educators are already hard at work figuring out how to close that gap, and confronting the consequences of the United States’ long-term turn away from manufacturing.

“You can’t run an economy like ours without having a solid manufacturing sector,” Mike Russo, president and CEO of the National Institute for Innovation & Technology (NIIT), told Fortune. “It’s a foundational component of innovation. If you want to lead, you have to innovate.”

At the dawn of the commercial semiconductor age in the 1970s, the U.S. was the industry’s undisputed global talent hotspot. American companies including Texas Instruments and Micron were the biggest innovators worldwide, attracting top-tier engineering talent and producing many of their own chips domestically. 

Over the following decades, though, the industry’s business model changed. Many of the top chip designers—the companies that engineer semiconductors’ complex circuitry, including Nvidia , Intel , and AMD—kept their operations in the United States. But as manufacturing became more complex and specialized, the industry began to outsource the actual physical production of advanced chips to Asia. Jobs went primarily to Taiwanese giant TSMC, which currently produces 92% of the world’s cutting-edge chips used for advanced AI and computing applications.

Bringing “sexy” back to manufacturing

As semiconductor manufacturing jobs left the country, the American talent base dried up. The shift was only further accelerated by a broader, decades-long decline in skills-based, technical public education. The domestic economy shifted from primarily relying on manufacturing to being more service-based.

“Early on, there were shop courses. When somebody signed up for college, [they] could take electrical, mechanical, iron, shop, carpentry … [that was] all part of your regular public education. That went away,” said Russo, a former government relations director at chipmaker GlobalFoundries and longtime labor advocate in the semiconductor industry. “That led to the erosion of the basic talent that you would have had in place to upskill—to get [workers] into the more automated and semiconductor-related industries.”

Many hardware engineering and manufacturing jobs have also been supplanted by an emphasis on advanced STEM degrees.

“Over the years, semiconductor companies like Intel have relied on community college students to fill a large portion of technician jobs at [factories], but the emphasis on technician training waned over the years as companies invested more in science, technology, engineering, and math (STEM) education and research funding for bachelor, master, and PhD programs,” Intel wrote in a 2023 report on the semiconductor labor shortage .

In recent decades, schools have poured money into advanced STEM education—and pushed students away from the more skills-based, technical education required in the semiconductor sector.

“We have to make semiconductor manufacturing sexy,” said the Commerce Department official.

And the entire industry is already mobilizing to do just that—from educators to policy officials to nonprofits. Much hinges on a promise that new semiconductor manufacturing jobs will be safe and sustainable, boosted by strong government support for the sector. The major manufacturers that have received government subsidies through the CHIPS Act have all agreed to extensive terms that ensure they will keep American manufacturing sites open long term and do their part to help train and develop the workforce.

“It’s going to be years of hard work on the ground—building programs, building connections, building stakeholder groups, getting middle schoolers excited about semiconductors,” said the official. “That’s what it’s going to take. And we’re going to get there, but it’s going to take a lot of work.”

Government officials insist that the tens of thousands of manufacturing jobs the CHIPS Act will create will be durable and protected from companies outsourcing production offshore to save on labor costs. But other industries have received big government handouts and then moved offshore in recent history: Losing millions of manufacturing jobs over the past 50 years in sectors including the auto and electronics industries has burned the American economy , generating massive unemployment and severely weakening supply chains . 

CHIPS Act critics are skeptical: They argue that not all of the jobs that will be created by semiconductor companies will be attainable for workers without advanced degrees. There’s no promise that the semiconductor industry will be able to continue to support job growth without significant technological development, and increasing automation in the sector threatens to undercut the government’s promises of abundant chip manufacturing jobs, as the Carnegie Endowment for International Peace pointed out.

Officials counter that CHIPS Act money comes with rigorous terms that require receiving companies to stay in the U.S. long term, and that manufacturing jobs will be protected by semiconductors’ vital role in everything from commerce to entertainment to national security.

“CHIPS for America is … going to create hundreds of thousands of good jobs that have the potential to change lives, offer family-sustaining benefits, and lead to long-term careers,” Secretary of Commerce Gina Raimondo said in a speech last year .

A new career path

Under Russo’s leadership, NIIT has spearheaded a sprawling network of training and apprenticeship programs to help close the semiconductor workforce gap. The nonprofit has teamed up with over 80 local and regional apprentice programs in 17 states across the country, which have collectively brought nearly 5,000 students into paid workforce training programs over the past year and a half, Russo said. They’re also working with community colleges and universities to ensure that students are being encouraged to consider working in the semiconductor industry as a viable career option and have the right instruction. 

Russo pointed out that many of the workforce skills the semiconductor industry desperately needs right now don’t require a PhD, or even a college degree at all—just specialized technical education that many candidates with a high school education and the right training are capable of mastering.

“Part of our strategy is really bringing [students] up and connecting them with the same foundational, translational skills that you can use across all these strategic [semiconductor] industry sectors,” Russo said.

Companies benefiting from CHIPS Act funding are also pitching in to train workers. Intel’s $8.5 billion grant , for example, includes $50 million earmarked specifically for workforce training, and adds to the $250 million Intel has already spent on bringing in new workers over the past five years.

“If you look at what some of these companies have committed … Our money is going directly to workforce [development],” said the official. “This is an all-of-the-above effort.”

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