MIT Sloan MBA Scholarships
MIT Sloan School of Management · All India
Amount
$15,000 to $60,000 (approx. ₹117.7 Lakh+)
Deadline
12 Jan
Status
Open now
Provider Type
University
Last Verified
2026-27
About the Program
Comprehensive guide for MIT Sloan MBA Scholarships. Get eligibility details, stipend amounts, and registration instructions here.
Benefits & Financial Support
$15,000 to $60,000 (approx. ₹117.7 Lakh+)
Scholarships can cover partial to full tuition costs. Merit-based awards typically range from $15,000 to $60,000+ USD (approximately 1,252,500 INR to 5,010,000 INR+) per year. Full tuition for the 2026-2027 academic year is $91,892 USD (approximately 7,671,262 INR), including a $2,200 USD program fee. The estimated total cost of attendance, including tuition, student life fee, health insurance, housing, food, books & supplies, transportation, and personal expenses, is approximately $140,780 USD (approximately 11,765,130 INR) for a single academic year, based on 2025-2026 figures.
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Admission:Must be admitted to the MIT Sloan MBA program.
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Degree Level:Full-time MBA program.
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Academic Standing:Some scholarships may require recipients to maintain a specific GPA or meet academic expectations.
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Financial Need:For need-based scholarships, applicants must demonstrate financial need.
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Specific Fellowships:
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Legatum Fellowship:For entrepreneurial students from emerging markets.
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ASEAN Fellowship:For students from ASEAN countries.
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Forté Fellowship:For outstanding women candidates.
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Aker Scholarship:For students from Norway.
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Yellow Ribbon Program:For eligible U.S. military veterans.
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Other fellowships target specific backgrounds, professional interests (e.g., data analytics, social impact), or regions.
Eligibility Criteria & Income Limit
- Education level: MBA
- Course / stream: MBA
- Income limit: No income bar
- Category: General, OBC, SC, ST
- Domicile: All India
Mandatory Documents Checklist
- —Cover letter (seeking a place in the MIT Sloan MBA program, max 300 words excluding address/salutation, addressing desired criteria with professional examples)
- —One-page resume
- —Short video statement (less than 60 seconds, single take, introducing yourself to classmates)
- —One letter of professional recommendation
- —Contact information for two references
- —Organizational chart of your department and company (max two pages)
- —Copies of academic transcripts
- —GMAT or GRE score (waiver request option available)
- —$250 application fee
- —Financial documents (for need-based aid, e.g., tax returns, income statements, bank statements; CSS Profile for international students).
Selection Process
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Admission to MIT Sloan is conducted through a needs-blind process, meaning financial situation does not factor into the admissions decision
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Most scholarships are merit-based and do not require a separate application
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all admitted students are automatically considered based on the strength of their MBA application
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Criteria include academic excellence, professional achievements, and potential to enhance the MIT Sloan community
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Need-based scholarships require applicants to submit financial documents, and the Financial Aid Office assesses each applicant's financial situation to determine eligibility and amount
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Some specific fellowships, like the Legatum Fellowship, may require a separate application
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The MBA admission process includes a cover letter, resume, video statement, recommendations, academic transcripts, GMAT/GRE scores, and an interview (by invitation only).
Renewal Policy
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Some scholarships may require recipients to maintain a good academic standing
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While explicit renewal conditions for all scholarships are not detailed, continued academic progress is generally expected for multi-year awards (though the standard MBA is a two-year program).
How to Apply Online
Applications are submitted online via the official portal. Complete eKYC, upload scanned documents, and submit before the closing date.
- 1Prepare Application Materials
Gather all required documents for the MBA application, including your cover letter, resume, video, transcripts, test scores (or waiver request), and recommendation information.
- 2Complete the MIT Sloan MBA Application
Submit your complete application by the relevant deadline (e.g., Round 1: September 29, 2026; Round 2: January 12, 2027). All applications are due by 3:00 PM Eastern Time on the deadline date.
- 3Automatic Scholarship Consideration
For most merit-based scholarships, you are automatically considered upon admission; no separate scholarship application is needed. Ensure your MBA application highlights your academic achievements, leadership potential, and professional success.
- 4Apply for Need-Based Aid (if applicable)
If you wish to be considered for need-based scholarships, you will need to complete the MIT Sloan Financial Aid Application and submit required financial documents (e.g., tax returns, income statements, bank statements; international students typically use the CSS Profile) after you have been admitted.
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Apply for Specific Fellowships (if applicable): Some specialized fellowships may require a separate application process. Check the MIT Sloan financial aid pages for details on these specific opportunities.
- 6Interview (by invitation)
If invited, participate in an interview, which is a mandatory part of the admission process. This invitation will also include instructions for additional essay questions.
Apply Links
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Help & Contact Support
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Official Last Date & Timelines
12 January 2027
Applications for the MIT Sloan MBA program for August 2027 entry are conducted in two rounds. Round 1 is due September 29, 2026, and Round 2 is due January 12, 2027. All applications must be submitted by 3:00 p.m. Eastern Time on the deadline date.
Dates are subject to change per the provider's official notification. Apply well before the closing date.
Common Questions (FAQs)
Are international students eligible for MIT Sloan MBA scholarships?
Yes, international students are equally eligible for both merit-based and need-based MIT Sloan MBA scholarships. There are also specialized funding options and fellowships specifically for international students or those from emerging markets, such as the Legatum Fellowship and ASEAN Fellowship.
Do I need to submit a separate application for scholarships?
For most merit-based scholarships, you are automatically considered upon admission to the MIT Sloan MBA program based on the strength of your application; no separate scholarship application is required. However, some specific fellowships and all need-based aid opportunities may require additional application forms and financial documentation.
What does a scholarship typically cover?
MIT Sloan MBA scholarships can cover a portion of tuition costs up to full tuition, and in some cases, may contribute towards living expenses as well. The coverage varies significantly depending on the specific scholarship or fellowship awarded. The full cost of attendance includes tuition, fees, health insurance, housing, food, and other personal expenses.
Does applying for financial aid affect my chances of admission?
No, MIT Sloan practices a needs-blind admissions process for all applicants, including international students. Your financial situation will not be a factor in the admissions decision. Financial aid is determined only after you have been admitted to the program.
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Legal Disclaimer
IndiaScholarships.in attempts to provide accurate information manually curated from official sources. Scholarship details, timelines, and eligibility can change without notice as per the provider's discretion. Applying for a scholarship does not guarantee selection. Always verify all information on the official MIT Sloan School of Management website before final submission.