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Healthcare Entrepreneurship: MIT Sloan MBA Cover Letter Sample

 

MIT Sloan seeks students whose personal characteristics demonstrate that they will make the most of the incredible opportunities at MIT, both academic and non-academic. We are on a quest to find those whose presence will enhance the experience of other students. We seek thoughtful leaders with exceptional intellectual abilities and the drive and determination to put their stamp on the world. We welcome people who are independent, authentic, and fearlessly creative — true doers. We want people who can redefine solutions to conventional problems, and strive to preempt unconventional dilemmas with cutting-edge ideas. We demand integrity and respect passion.

Taking the above into consideration, please submit a cover letter seeking a place in the MIT Sloan MBA program. Your letter should conform to a standard business correspondence, include one or more professional examples that illustrate why you meet the desired criteria above, and can be addressed to: Admissions Committee 50 Memorial Drive Cambridge, MA 02142

Background Information: An applicant who has 3+ years of experience in a management consulting company serving the healthcare industry starts a Drug Discovery startup and plans to integrate Quantum Computing with AI to accelerate the discovery process. 

Theme: Innovation, Drug Discovery

Theme (Explained): MIT values innovators in healthcare, operations, and technology who are disrupting the incumbents and helping communities prosper. For this example, the innovation is in fastening drug discovery.   

Profile: Entrepreneur

Industry: Healthcare 

MBA Cover Letter Strategy: Entrepreneurial narrative for MIT Sloan MBA application or any school application should make the ‘vision’ as the core of the narrative. 

Once the core is established, some progress the entrepreneur made in reaching the first milestone – first customer, first product in the market or the first partnership are all essential to convey that MIT Sloan is not a backup plan but a plan to accelerate an entrepreneurial career. 

In addition to citing MIT’s ecosystem and electives, the applicant has prioritized building a team of MIT peers to build credibility for his team and convert a pitch into an investment. 

Opener: The opening line establishes the applicant’s experience with a private healthcare network, where he gained a holistic perspective on the reasons behind inequity in accessing healthcare services. 

Sample MIT Sloan MBA Cover Letter – Healthcare Entrepreneurship (300 Words)

August 07, 2024
Mr. Ross X
Lansing, Michigan
USA

Dear Admissions Committee,
50 Memorial Drive
Cambridge, MA 02142

While guiding the world’s largest private hospital network, I began envisioning solutions that could improve access to healthcare services worldwide.

A trifecta of factors - access to diagnostic data to determine pre-existing conditions, the optimum treatment options, and studies on drug efficacy determine the health outcome for a patient. While most government initiatives are around the first two factors, drug development has remained stagnant for over 20 years.

A Ph.D. friend in Drug Discovery enlightened me about the reasons for the stagnation ..

....

Download F1GMAT's MIT Sloan MBA Essay Guide to read the full Cover Letter about the applicant's plan to scale a visionary Healthcare Technology Product at MIT Sloan MBA

MIT Sloan MBA Essay Guide

Cover Letter Question: Please submit a cover letter seeking a place in the MIT Sloan MBA program. Your letter should conform to standard business correspondence, include one or more professional examples that illustrate why you meet the desired criteria above, and be addressed to the Admissions Committee (300 words or fewer, excluding address and salutation).

Short Answer Question: How has the world you come from shaped who you are today? For example, your family, culture, community, all help to shape aspects of your identity. Please use this opportunity if you would like to share more about your background. (250 words or less.)

Video Questions

Question 1: Introduce yourself to your future classmates. Here’s your chance to put a face with a name, let your personality shine through, be conversational, be yourself. We can’t wait to meet you!

Question 2: All MBA applicants will be prompted to respond to a randomly generated, open-ended question. The question is designed to help us get to know you better; to see how you express yourself and to assess fit with the MIT Sloan culture. It does not require prior preparation.

Video Question 2 is part of your required application materials and will appear as a page within the application, once the other parts of your application are completed. Applicants are given 10 seconds to prepare for a 60-second response.

The following are examples of questions that may be asked in the Video Question 2:
•    What achievement are you most proud of and why?
•    Tell us about a time a classmate or colleague wasn’t contributing to a group project. What did you do?

Download F1GMAT's MIT Sloan MBA Essay Guide

 

About the Author 

Atul Jose - Founding Consultant F1GMAT

I am Atul Jose - the Founding Consultant at F1GMAT.

Over the past 15 years, I have helped MBA applicants gain admissions to Harvard, Stanford, Wharton, MIT, Chicago Booth, Kellogg, Columbia, Haas, Yale, NYU Stern, Ross, Duke Fuqua, Darden, Tuck, IMD, London Business School, INSEAD, IE, IESE, HEC Paris, McCombs, Tepper, and schools in the top 30 global MBA ranking. 

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