B.S Business Analytics at Massachusetts Institute Of Technology [MIT], Cambridge Fees, Entry Requirement & Application Deadline

Bachelor of Science [B.S] [Business Analytics] From Massachusetts Institute of Technology

Cambridge, MassachusettsLocation
UniversitySchool type
Estd1861established year
11466enrollment
Private (Not for Profit)

Bachelor of Science [B.S] (Business Analytics)

4 years
Full Time
On Campus

$57,590/Yr

$57,590 /Yr
  • Bachelor of Analytics at Massachusetts Institute of Technology(MIT) is a 4-year program. 
  • This program is offered full-time.
  • It is delivered on-campus.
  • This program ranks #1 in the world among the other universities by US News Rankings 2020.
  • With 15-2 Business Analytics, students learn different approaches to make sense of complex data and uncertainty. 
  • It is accredited by the Engineering Accreditation Commission of ABET which makes this program more unique.
  • Some of the major courses are:
    • Communicating with Data
    • Computer Programming
    • Organizational Processes
    • Optimization
    • Probability
    • Statistics
    • Stochastic Models
    • Machine Learning
  • Students focus on how to make informed data-driven decisions by using efficient business practices. 
  • Heavy on quantitative research and rigor, students will be prepared to think critically and use data in meaningful ways that improve organizations.
  • The student to faculty ratio in this program is 3:1 which increases the interaction between students and faculty.
  • Classes with fewer than 20 students in this program are 70.8% which creates an environment suitable to acquire knowledge.
  • The average salary of the graduates after getting placed is 122,627 USD.

Important Dates

EventApplication Date
Regular Action Application Deadline For 2024 Intake Jan 5, 2024

Tuition Fees

Year1st Year Fees
Tuition Fees$57590 (USD 57590)

Other Expenses

HeadAvg Cost Per Year
Housing$11980 (USD 11980)
Personal Expenses$2224 (USD 2224)
Food$6810 (USD 6810)
Books and supply$850 (USD 850)
Other Fees$396 (USD 396)
Total Cost$22260 (USD 22260)

Previous Year Fees

Year1st Year Fees
2021$57590 (USD 57590)
2022$57590 (USD 57590)

Eligibility & Entry Requirement

Academic Eligibility:

  • Students should have concluded their secondary education and wish to pursue a bachelor’s degree as a full-time university student.
  • Students may apply during or after their final year of secondary education but may not apply using the first-year application if they have already matriculated to another degree-granting institution.

Others:

  • MIT admissions counselors are trained to understand the educational system in your part of the world. The university recommends that all international students study:
    • Four years of English
    • Mathematics, at least to the level of calculus
    • Two or more years of history/social studies
    • Biology
    • Chemistry
    • Physics
  • The above subjects are not compulsory but they add an extra value while applying for this program.

Transfer Students:

  • For spring entry (February), the university must receive the student final application with all supporting documents by November 15.
  • For fall entry (September), the university must receive the student final application with all supporting documents by March 15.
  • The International students may apply for September entry only.
  • One evaluation should be from a math or science instructor, and the other two should be from any instructors who know the student well. The university will find that the best recommendations are written by professors who know an applicant well as both a student and a person.
  • The students are also welcomed (but not required) to submit two supplemental letters of recommendation from high school teachers, employers, etc.

English Language Proficiency Scores:

  • The students whose official language is not English are required to submit the ELP(English Language Proficiency) Scores.
  • TOEFL scores are to be submitted and the should clear the cut-off( iBT – 90, PBT –  600) to get into this program.
  • These Scores are evaluated along with SAT or ACT exam scores which are submitted.

Exam Requirments:

  • The university requires the SAT or the ACT and does not require the ACT writing section or the SAT optional essay.


Scores Required

90 / 120

Avg. Score in

TOEFL

1500 / 1600

Avg. Score in

SAT

34 / 36

Avg. Score in

ACT


Required Document List

  • Online Application: Students have to submit an online application form at the official website.
  • Application Fee: Students need to submit their application fees.
  • Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
  • Letters of Recommendation: Three letters of recommendation are required.
  • Official GRE Test Scores: Students have to submit their GRE Test Scores.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Career and Placement after Course

Career opportunities are:

  • Marketing Manager.
  • Financial Analyst.
  • Personal Financial Advisor.
  • Operations Analyst.
  • Supply Chain Analyst.
  • Business Analytics Specialist.
  • Management Consultant.

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Young Women in Public Affairs AwardScholarship per student$ 4,000/Yr$4,000Level Of StudyBachelorTypeMerit-Based
BeArt Presets-Academic ScholarshipScholarship per student$ 2,000/Yr$2,000Level Of StudyBachelorTypeMerit-Based
VueVille Future Technology ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Axol Science ScholarshipScholarship per student$ 2,000/Yr$2,000Level Of StudyBachelorTypeCompany-Sponsored
Chuan Ai Lu Engstrom Memorial ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
ASID Foundation Legacy ScholarshipsScholarship per student$ 4,000/Yr$4,000Level Of StudyBachelorTypeMerit-Based


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