MIT Sloan MBA Scholarships

Admission to MIT Sloan is conducted through a needs-blind process, meaning financial situation does not factor into the admissions decision. Most scholarships are merit-based and do not require a separate application; all admitted students are automatically considered based on the strength of their MBA application. Criteria include academic excellence, professional achievements, and potential to enhance the MIT Sloan community. 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. Some specific fellowships, like the Legatum Fellowship, may require a separate application. The MBA admission process includes a cover letter, resume, video statement, recommendations, academic transcripts, GMAT/GRE scores, and an interview (by invitation only).

Some scholarships may require recipients to maintain a good academic standing. 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).