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In the world, for the world
™
“As MIT Sloan completes its physical transformation, including its newest building, E62, the reinvention of our campus outside serves as an opportunity for a review of what we do inside as a school of management. MIT Sloan is committed to creating knowledge and insight that will improve the world, to bringing those ideas out into the world, and to translating those ideas into practice as the best approach to learning.” David C. Schmittlein
John C Head III Dean, MIT Sloan School of Management
core experience pages 4 | 5
concept-based action learning pages 2 | 3
international study tours page 10 clubs & conferences page 11
leadership development pages 20 | 21
MIT/MIT Sloan pages 12 | 13
dual degrees & exchange programs pages 22 | 23
MIT Sloan
At MIT Sloan, hands-on, action-based learning serves as a cornerstone of the MBA experience and as the ultimate embodiment of the School’s mens et manus motto. The linking of “mind” and “hand” is at the heart of providing students with real-world experiences that create a depth of knowledge through exploration, innovation, and leadership—both in the classroom and around the globe. For a school that is in the world, for the world, MIT Sloan’s portfolio of programs exists to provide students with unique opportunities that will shape dynamic futures filled with infinite possibilities.
entrepreneurship & innovation track page 6 finance track page 7
curriculum innovation pages 8 | 9
career support pages 16 | 17 career network pages 18 | 19
engaging community pages 14 | 15
MBA class profile pages 24 | 25 financial aid page 26
how to apply page 27 come visit page 28
“G-Lab is an experience you can carry over to any career experience; it’s where you have to answer questions such as, What are you going to do in a particular situation? Where can you add value? These skills are important for anyone who is going to be in business.” Kelsey McCarty, MBA ’10
New Ideas in Global Health Delivery For Kelsey McCarty, MBA ’10, one of the lures of MIT Sloan was the opportunity to participate in an action-learning lab, in particular one with a global focus. “I had been planning on going to another university, but after I came to admit weekend at MIT Sloan and learned about the action-learning labs … that made me walk away and say, ‘This is why I need to go to school,’” says McCarty. “You learn and you contri bute, and it is a very rich experience. It sold me from the beginning.” In January 2010, McCarty spent a month in Bela Bela, South Africa, working alongside her Global Entrepreneurship Lab (G-Lab): Global Health Delivery course teammates at the Warmbaths Hospital, where they
were initially charged with the development of a new staffing model for the town’s hospital. Upon arrival, however, their task changed to focus solely on staffing for the maternity ward, though the team made additional recommendations to senior management based on their on-site observations. “We felt that the changes we were making could really help,” says McCarty. “On another level, this is a hospital that receives no attention from anyone most of the time. The staff was so excited for us to be there, and they had this renewed energy about doing their own work. They were not going to let our efforts be in vain. That kind of energy and commitment was inspiring.”
Entrepreneurship Lab Teams of science, engineering, and management students actively participate one day a week, on-site, with the top management of high-tech startups in order to gain hands-on experience in funding, starting, and running new ventures. > http://entrepreneurship.mit.edu/ELAB/index.html
Global Entrepreneurship Lab G-Lab immerses students in a one-semester classroom and a one-month, on-site consulting experience working side by side with entrepreneurs in emerging nations. In 2010, 50 teams composed of three or four second-year MBAs worked with organ izations in 19 countries. > http://actionlearning.mit.edu/g-lab/
Sustainable Business Lab S-Lab explores emerging strategies for sustainable businesses and organizations using in-class simulations, cases, role playing, and guest speakers. Student teams focus on live projects that tackle questions reconciling the problems of sustainability and free-market capitalism. > http://actionlearning.mit.edu/s-lab/
China Lab MIT Sloan and Chinese students from leading universities collaborate on multinational business teams to consult with emerging Chinese entrepreneurs. > http://actionlearning.mit.edu/china-lab/
concept-based action learning
At MIT Sloan, concept-based action learning is at its best through the offering of exceptional learning opportunities outside the traditional confines of a classroom. With a host of laboratory courses that has taken nearly 2,000 students around the United States and to more than 50 countries around the world, experiential learning continues to serve as a cornerstone of the MIT Sloan experience. As the ultimate embodiment of the School’s mens et manus motto, action learning links mind and hand to create a depth of knowledge immersed in hands-on exploration, innovation, and leadership.
India Lab A collaboration among MIT Sloan MBAs, Lingnan MBAs, and business students from various Indian schools provides Indian companies and non-governmental organizations with insights and strategic directions. > http://actionlearning.mit.edu/india-lab/
Leadership Lab This experiential workshop focuses on how leaders drive innovations that generate social responsibility and business success. The course includes internships at host organizations examining how to accomplish systemic change. > http://actionlearning.mit.edu/l-lab/
As one of MIT Sloan’s clubs, Sloan Entrepreneurs for International Development (SEID) provides an opportunity for students to focus on sustainable global development and raise awareness of the challenges faced by emerging economies, all while empowering students to take action.
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MIT Sloan’s unique one-semester core permits the freedom and flexibility for students to select 75 percent of their MBA coursework. We view the business school experience as a time of exploration, and our program builds the foundation necessary for the development of fundamental skills. Students are grouped together in diverse teams of five or six as part of a larger cohort of 60 who remain
core experience
together in all core classes.
The Fall Core The fall term of the first year consists of five required core courses, one of two optional elective courses, and an optional Entrepreneurship & Innovation (E&I) or Finance Proseminar.
Required Core Courses
Elective Classes
• Economic Analysis for Business Decisions
First-year MBA students have the option to enroll in one introductory-level elective course during their first semester at MIT Sloan. If they wish to take an elective, they may enroll in either:
• Data, Models, and Decisions • Communication for Leaders • Organizational Processes • Financial Accounting
• Finance Theory I or • Marketing Management
Proseminars In addition, first-year MBA students interested in either the E&I or Finance Tracks may enroll in Introduction to Technical Entrepreneurship or Introduction to the Practice of Finance.
> http://mitsloan.mit.edu/mba/program/firstsem.php
“The Organizational Processes team project with Cubist provided an excellent opportunity to practice our leadership, analytical, teamwork, and presentation skills within the context of a publicly traded company. The pressure to impress our client was challenging but thoroughly rewarding, and a great way to learn.” Tim Vasil, MBA ’11
The Value of Core Teamwork Time and time again, MIT Sloan students cite the one-semester core as a key differentiator of their MBA experience, as well as the core team project which offers an opportunity to effect change in a corporate or organizational setting. Core team project members Adam Blake, Kanaka Pattabiraman, Wooseok Shin, Vivek Srivastava, Daniel Vannoni, Tim Vasil, and Cathy Xi evaluated employee engagement among the national sales team of Cubist Pharmaceuticals. “We were a fairly efficient team,” says Daniel Vannoni, MBA ’11. “In the beginning, we had long discussions over assignments, and everyone was respectful of differing opinions and approaches to problems. As time went on, we grew together, learned what people’s strengths
and weaknesses were, and structured our work around that. In many cases, we specifically assigned people to lead things they were weak at, making sure there was someone strong in that area to support them. In the beginning, we were certainly seven individuals. But early on, we pushed hard to learn everyone’s goals and priorities for their experience, and did our best to make sure everything was achieved.” “The core team project provided an opportunity for us to deal with demanding, diverse coursework and to become adept at multitasking,” adds Vivek Srivastava, MBA ’11. “The core provided us an excellent overview of the business world, and acted as a foundation upon which we can further learn and build our capabilities in the subsequent semesters.”
“Overall, my core team experience was great. My core team — made up of three females, four international students, one army veteran, and one navy veteran — all shared common goals for what we wanted out of the experience. Each of us wanted to do well academically, but we had a balanced approach throughout the core semester among the classroom work, recruiting, and fun.”
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Tim Lawton, MBA ’10
“We have what no other place has: legacy and the spirit of entrepreneurship. It goes right to the DNA of this place, mens et manus, mind and hand — it’s innovation and practice. MIT creates innovation-based companies. The companies founded by MIT graduates, if they were made into a standalone economy, would be the 11th biggest economy in the world.” William Aulet, Managing Director, MIT Entrepreneurship Center
Entrepreneurship & Innovation Track The Entrepreneurship & Innovation (E&I) Track provides hands-on opportunities for students with a passion for an entrepreneurial life. Each year, approximately 25 percent of the class enrolls in E&I, which focuses on launching and developing emerging technology companies while building a select, lifetime cohort of collaborative classmates. E&I also attracts students who have confidence in themselves, and are interested in controlling their own destiny.
> http://entrepreneurship.mit.edu/E_and_I.php
E&I offers a robust curriculum that emphasizes team practice linked to real-world entrepreneurial projects. E&I students participate in weekly networking dinners with practitioners and venture capitalists that provide an up-close overview of the field. Students network with venture capitalists during their one-week Silicon Valley trip, as well as the leaders of startups and successful enterprises in the life sciences, medical technology, software, information technology, advanced materials, and new energy fields.
“…having students better educated about financial analysis and the workings of the financial system will allow them to be more responsible leaders in this very important industry.”
Finance Track Modern finance is a high-tech industry, requiring increasingly sophisticated quantitative tools to assess and manage both risks and returns. For those planning to enter this rapidly changing field, MIT Sloan’s Finance Track provides a well-rounded perspective, including electives in six areas of specialization designed to prepare students for more specific career paths in asset management, corporate finance, financial engineering, financial technology, risk management, and sales and trading. The Finance Track is open to all MBA candidates and includes four required finance courses, dozens of electives, and extracurricular activities. According to Tim Lawton, MBA ’10, “The Finance Track was a natural fit for me because I wanted to focus my studies in finance. The suggested electives and groups of classes for different focus areas helped me in deciding what classes were best for the direction I wanted to take. At the same time, I had the flexibility to pursue other classes outside of the realm of finance to really broaden my academic experience. I would definitely recommend the track to incoming students who also have an interest in the industry, especially those who are changing careers like me.” Many breakthroughs in modern finance are associated with MIT faculty, including: the Black-Scholes-Merton option-pricing model, the Modigliani-Miller theorem, and the Cox-Ingersoll-Ross model of the term structures of interest rates. MIT Sloan faculty, including Stewart Myers, John Cox, and Andrew Lo, continue to push the frontiers of finance in new and diverse ways. > http://mitsloan.mit.edu/finance/programs/mba.php
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entrepreneurship & finance
Andrew Lo, Harris & Harris Group Professor Professor of Finance, Director of Laboratory for Financial Engineering
“One of the reasons I chose MIT Sloan was because of its finance reputation. I wanted my employers to see that even though I already had a finance background, I was also immersed in a rigorous academic program with a strong finance network.”
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Ramiro Young, MBA ’11
curriculum innovation MIT Sloan’s new Certificate in Sustainability builds upon the Institute’s distinguished accomplishments in technology, science, and social science. Students explore effective strategies of sustainability as a function of the interdependent dynamic of economic, societal, and environmental systems.
“I had a unique opportunity to work alongside graduate-level art students in the studios of the School of the Museum of Fine Arts during SIP. Together, we experimented with and explored narrative and color through hands-on immersion into animation, cartoon storyboarding, and 3D installation. This allowed me to explore additional perspectives in an area that was not part of my normal business routine.” Ariel Grob Dos Santos, MBA ’10
Sloan Innovation Period Sloan Innovation Period (SIP) provides students and faculty the opportunity to explore jointly, in a non-traditional setting, what makes MIT Sloan unique: exceptional research expertise, leadership acumen, and the hands-on application of knowledge. Through a series of more than 45 workshops, students and faculty immerse themselves in the theme of innovation and intel lectual experimentation. SIP workshops include everything from simulations on Bosnian peacekeeping set in the 1990s to a simulated climb of Mount Everest to high ropes and obstacles to acting and improvisation. “The greatest value of SIP is the resources that MIT Sloan is able to bring in and share with its students,” says Donna Zhao, MBA ’11. “During SIP, we frequently hear from industry leaders with diverse backgrounds who speak on an array of topics. One of the most memorable ones was the former CEO of Southwest Airlines who shared his personal philosophy on managing people. SIP is a great opportunity for students to explore a variety of topics outside of their regular classes.”
> For more information on Sloan Innovation Period, visit:
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http://mitsloan.mit.edu/mba/program/sip.php
> For more information on international study tours and student treks such as the Russia trek
international study tours
shown above, visit: http://mitsloan.mit.edu/mba/experience/activities.php
“In the Rwanda Study Tour, there was a great deal of learning on the ground. It is good for students to meet with these successful businesses, even in a country where the government is not working and the infrastructure is not there, and realizing that the issues are very different.” Tavneet Suri, Mitsubishi Career Development Professor of International Management Assistant Professor of Applied Economics
Study Tour: Rwanda and Kenya Christopher Mitchell, MBA ’10, along with four other student leaders, spent a year planning a two-week study tour of Rwanda and Kenya for 17 of their classmates, providing an opportunity for specialization beyond a general MBA. “Before going to MIT Sloan, I worked in India for two years at a company providing investment advice to companies looking to invest in microfinance, so I knew how important the access to capital was at all levels,” says Mitchell. “Last year, we organized a similar ‘access to capital trip’ to Malaysia, Singapore, and
Vietnam … so the idea for this year’s trip was to take that same lens, access to capital, and change the geography. We narrowed it down to Kenya and Rwanda, because like the Southeast Asia tour, we wanted access to big companies as well as companies at various stages in the development cycle. There has been incredible investment in Rwanda postgenocide, and we wanted to see a small, outlier country in a positive sense. Geographically, it also made sense to look at Kenya as a much larger, more developed country.”
“Working with a diverse group of people and learning to lead a robust yearlong program of events is an important experience in school. This is an opportunity to hone your teamwork and leadership skills, and make a real impact on present and future students’ experiences. It is interesting, challenging, and one of the most fulfilling experiences of my two years at MIT Sloan.”
clubs & conferences
Veena Jayadeva, MBA ’10 President, MIT Sloan Women in Management
Beyond the key lessons learned in the classroom, MBAs at MIT Sloan embrace the myriad opportunities to gain knowledge in the traditional mens et manus manner, practicing business, management, and organizational skills through a multitude of student-run clubs and conferences. With dozens of choices for students to pick from, clubs and conferences combine the spirit of innovation, creativity, and enthusiasm of the MIT Sloan community, with themes that range from cultural to corporate, from biopharma to basketball, and from venture capitalists to vintners. In addition, many clubs host annual conferences, bringing together hundreds of participants as well as guest speakers under a theme of interest to that particular group. Students at MIT Sloan are involved in 60 clubs, with offerings that include: Business and Professional Clubs • Biomedical Business Club • Energy and Environment Club • Entertainment, Media & Sports Club • Finance Club • Investment Management Club • Management Consulting Club
• Marketing Club • Mobile, Media & Internet Technology • Net Impact • Sales Club • Venture Capital and Private Equity Club
Cultural, Regional, Religious, and Personal Affiliation Clubs • Africa Business Club • Asian Business Club • Brazilian Club @ Sloan • Japan Club • Middle East Business Club
• Minority Business Club • Significant Others of Sloan • Sloan LGBT • Sloan Women in Management • Veterans Association
Sports and Recreation Clubs • Basketball Club • Hockey Club • Running Club
• Salsa Club • Ski/Snowboard Club • Sloan Soccer Club
> http://mitsloan.mit.edu/mba/experience/clubs.php Student organizers from the MIT Sloan Entertainment, Media & Sports Club demonstrated their leadership skills by organizing the most successful sports analytics conference in the club’s history with more than 1,000 attendees representing 36 states and five countries.
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MIT/MIT Sloan
In the 20 years since it began, the statistics regarding MIT’s $100K Competition are nothing short of staggering. To date, of the 1,700-plus teams that have competed in the student-run event, more than 120 companies have been established with an aggregate value greater than $15 billion. These ventures have received more than $700 million in capital investment and have created more than 2,500 jobs.
For students who harbor goals of creating “MIT’s $100K is a yearlong experience companies, the annual $100K Competition designed to encourage students and serves as the perfect opportunity to test researchers in our community to act on their talent, ideas, and energy,” says the Institute’s entrepreneurial waters while joining forces with others on campus Fiona Murray, an MIT Sloan faculty in a creative, collaborative, and innova member who also serves as associate tive process. director of the MIT Entrepreneurship Center. “It is also a rare, risk-free Since 1989, graduates and underopportunity to present ideas and garner graduates from MIT Sloan, as well as feedback from experienced profesthe Schools of Engineering, Science, sionals on everything from intellectual Humanities, and Architecture, have property rights to how to get venture formed multidisciplinary teams with capital funding — all of which builds upon the goal of presenting a winning busithe Institute’s existing base of entrepreness plan to a panel of experienced neurial education, capability, and spirit.” entrepreneurs, venture capitalists, and legal professionals.
“Nowhere in the world does a business school enable students to work with more than $1 billion of research in labs across the campus. MIT labs have an open door policy that lets anyone in the MIT community interact with each other and share ideas through campus student clubs like the Energy Club. They can also create a new enterprise through the MIT $100K Competition that identifies a market need and fulfills it with a leading-edge technology.” Jeff Sabados, MBA ’08
> Go to http://www.mit100k.org/
“This IAP project was a turning point for me as I began to see what Professor Lo called ‘the beauty in finance.’ I really enjoy thinking about the structure and systemic risks of modern finance, so much so that I am contemplating writing a thesis on this topic, from the perspective of culture and organizations.” Jian Helen Yang, SF ’10
Cross-Campus Collaboration With his first Independent Activities Period (IAP) course on Financial Crisis Management limited to only 25 participants, Professor Andrew Lo says he wanted to provide an up-close examination of those who were directly affected by the financial crisis and how they survived both personally and professionally to tell the tale. “We may have a good academic perspective on crises, but how do we teach students how to manage through them? How do you live through them day to day?” asks Lo. “The idea was to allow students to find out, firsthand, by talking to the survivors.”
with bankers, investors, and regulators and to ask what they had learned from the most recent financial crisis. “Our view is, the more we know about what happened, the better we can design policies to avoid such crises in the future,” says Lo. “We need to be more open-minded and proactive about where our students can learn the most, and that’s exactly what this course set out to do.” For all members of the MIT community, the January IAP provides opportunities for campuswide, cross-registration on a range of credited and non-credited courses, from art to exercise, and from leadership to the life sciences.
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Students in Professor Lo’s IAP traveled to New York City and Washington, D.C., to meet
engaging community
A vibrant, inclusive, and respectful social culture is another cornerstone of MIT Sloan’s diverse community which serves as an essential part of the MBA experience.
“The culture at MIT Sloan is very welcoming and inclusive. In class, we have the spirit of respect and collaboration. Everyone is invited and stimulated to speak up and to build on each other’s ideas. Outside of class, this spirit leads to innovation and entrepreneurship. MIT Sloan gives us the chance to explore new projects, and the School fully supports our initiatives. For example, I now have the opportunity to organize an event that will show the values and traditions of my home country to more than 300 people from everywhere in the world at MIT Sloan.” Luiz Flavio Sampaio, MBA ’11 Co-president, MIT Sloan Brazilian Club Coordinator, Brazil C-Function 2010
From the first-semester core to the point of graduation two years later, a wide range of offerings — from networking coffees to watching ballgames at historic Fenway Park — allows students, their significant others, and their families to form strong and lasting relationships as friends and colleagues. Activities throughout the year include: MIT Sloan Days: A monthly Town Meeting hosted by the Student Senate, MBA Student Affairs, and the Deans, where community updates, events, and information are shared. MIT Sloan Fall Ball and Spring Gala: Don a tuxedo, suit, or dress and visit locations in and around Boston and Newport, Rhode Island. Talent Show/MIT Sloan Follies: Sing, dance, or share poetry at the Talent Show. In the spring, perform in a series of skits highlighting the humor of MIT Sloan’s culture at the Follies. C-Functions: Themed social gatherings organized by student clubs and the MBA Student Affairs staff, designed to promote both cultural and professional networking. Off-Campus Events: Venture beyond Cambridge’s borders for professional sporting events, cultural visits, family activities, and nightlife. … and much more.
> For more information on the student experience:
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http://mitsloan.mit.edu/mba/experience/activities.php
career support
“Five years ago, I was a proud engineer and firmly believed the key to conquering the world was building the best mousetrap. But eventually, you build the best mousetrap and wonder why the world isn’t beating a path to your door. That’s when you realize there’s something that both you and your company are missing.” Kip Pettigrew, MBA ’11
Kip Pettigrew, MBA ’11, did not enter MIT Sloan with a plan to change careers, yet that may be the outcome of his two-year experience. “Prior to MIT Sloan, I thought marketing equated to increasing sales and creating good advertising,” says Pettigrew, who had earned his undergraduate degree from MIT in mechanical engineering. “As I learned more during my first term, I discovered that there was a whole mindset I was missing. Good marketing and knowing your customer is the cornerstone to starting, designing, and operating a successful company… . I decided then and there to refocus my career away from building technology to making sure good technology actually succeeds.”
For Pettigrew — who had worked as an engineer designing, consulting on, and building microand nano-scale technology — his future plans involve an internship position in marketing and product management. He cites critical career support received through the Industry Advisors program in the Career Development Office. Through this program, he found an alumnus career mentor, a product developer at Bose who provided insight into changing careers. “He shared what he had learned through his own career change and, ironically, our paths and interests were very similar,” says Pettigrew. “It was nice to have someone reaffirm the fact that my vision for a future career was possible.”
“When most people think of our office, they think of the on-campus recruiting program, but that’s only one-quarter of what we do. The other three-quarters are focused on the students and alumni, helping them to learn about themselves, about careers, and about how they will contribute to their chosen professions. As a school, we are focused on and committed to the student’s development.” Jacqueline Wilbur, Senior Director, Career Development Office
Throughout the academic year, MIT Sloan’s Career Development Office (CDO) sponsors a number of programs designed to help students develop the skills and strategies to achieve their career goals in today’s increasingly competitive MBA job market. Among the offerings are: Career Core, an integrated part of the firstsemester core, combines theory and practice to help students refine their career management skills, while providing valuable experience in self-assessment, networking, persuasive communication, interviewing, and negotiation. Exploring Career Options and Networking Events includes CDO-sponsored corporate discussions, company presentations, and other networking events to provide students with a chance to investigate industries they may not have considered. Treks are high-impact visits to the companies and industries within the United States and abroad that hold great interest among students. Utilization of
MIT Sloan’s extensive alumni network is critical to the access and insight provided by these treks that delve into a variety of industries. Career Fair involves 20 to 25 companies and offers both first- and second-year students a chance to network and interview with numerous leading recruiters in a single day. Campus Recruiting provides an excellent opportu nity for well-known companies to connect with MIT Sloan students, offering a chance to explore a variety of fields that include consulting, financial services, commercial and consumer technologies, pharmaceuticals, and biotechnology.
> For a full listing of all CDO offerings, visit: http://mitsloan.mit.edu/mba/career/index.php
Top hiring companies for the members of the Classes of 2009 and 2010 for full-time and summer positions include:
A.T. Kearney · Amazon.com · American Express Company Amgen · Apple Computer · Bain & Company Biogen Idec · The Boeing Company · Booz & Company The Boston Consulting Group · British Telecom · Cisco Systems Citi · Credit Suisse · Deloitte Consulting · Deutsche Bank Group ExxonMobil · Fidelity · Goldman Sachs · Google · IBM Corporation Infosys · Intel Corporation · Johnson & Johnson JPMorgan Chase · L.E.K. Consulting · Liberty Mutual McKinsey & Company · Microsoft Corporation · Morgan Stanley Novartis Pharmaceuticals · Novell · The Parthenon Group United Technologies Corporation · VMware
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Raytheon Company · UBS Financial Services · United Airlines
“The great thing about the MIT Sloan network is how close people feel to each other because of the smaller size and close-knit culture of the School. I have had every single alumnus/a that I reached out to return my call or email since I started at MIT Sloan almost 10 years ago; it is a powerful resource.” Mike Volpe, MBA ’03, Vice President, Inbound Marketing, HubSpot
MIT Sloan’s Hub at HubSpot Mike Volpe, MBA ’03, understands the power of MIT Sloan’s alumni network and the key role it plays for both students and alumni. “The co-founders of HubSpot, Dharmesh Shah and Brian Halligan, met in the MIT Sloan Fellows program, and most of the early management team they hired were MIT Sloan graduates, including me,” says Volpe, vice president of Inbound Marketing at the Internet marketing software startup. “MIT Sloan has been a part of HubSpot since the beginning of the company, and continues to be a strong influence. We value the analytical business mindset that MIT Sloan develops.”
Volpe was the fifth employee of the Cambridgebased company, which has grown to 130 employees, raised three rounds of venture capital, and attracted over 2,500 customers since he joined three years ago. Today, HubSpot includes MIT Sloan students “in every possible way,” says Volpe. “We have student teams doing class projects here as part of classes like E-Lab and projects like MarketLab; we bring on students in January for externships; we take students in the summer for paid internships; and we have hired a number of MIT Sloan graduates for full-time positions, too.”
career changers who decide to switch industries or functional areas. The Career Development Office (CDO) supports this process by helping each student explore new opportunities through summer internships, one-on-one advising, and peer and alumni mentoring. Internships give students the chance to explore new or familiar industries, to build relationships with prospective employers, and to either build new skills or hone existing ones, in nearby Kendall Square or halfway around the world.
“With the encouragement of the CDO, I attended the consulting presentations early in the fall of my first year. My interest in strategy consulting was piqued, and I applied for an internship at a consulting firm for the summer. The CDO was immensely helpful throughout this recruiting process — through them, I was able to make contacts at various firms, learn about the differences between each firm, and prepare adequately for the application and interview process.
career network
At MIT Sloan, more than 85 percent of MBA students are
“The CDO and the Management Consulting Club are a powerful team in this aspect — they work closely to make sure all MIT Sloan students present themselves in their best light through résumé and cover letter reviews, are practiced and prepared for case interviews through mock interviews, and are fully aware of what to expect in both the interview and in the job.” Jen Novak, MBA ’11
Held in the spring, the MBA Career Fair provides an opportunity for students to network and interview with companies and alumni. Past fairs featured companies from the technology, consulting, healthcare, consumer products, and financial services industries.
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Listen…Question…Learn While learning by doing is a powerful teaching tool utilized by MIT Sloan, so too is learning by listening and questioning some of the top leaders of the day. Both the Dean’s Innovative Leader Series (DILS) as well as the Sloan Sustainability Speakers Series offer up-close opportunities for students to hear and question some of the world’s most dynamic and notable names shaping the current and future business landscape. Speaker series, Proseminars, and clubs bring up to 10 speakers to campus per week and more than 400 per year, offering a wide range of perspectives from across sectors and around the world. “We are looking at new forms of leadership all the time, and it’s the next generation of leadership that we look to bring to campus. Leaders come and talk about how they are trying to create new organizational forms and new models of leadership in order to compete in a global world to deal with the complexities this world foists upon us,” says Deborah G. Ancona, Seley Distinguished Professor of Management and faculty chair of the MIT Leadership Center. Speakers at MIT Sloan in 2010 included Boston Red Sox owner John W. Henry, E*TRADE Co-Founder and Chairman Emeritus William A. Porter, Oxfam America President Raymond C. Offenheiser, and Mercy Corps Chair Linda A. Mason. Jeffrey Hollender, co-founder and executive chairperson of Seventh Generation, spoke of the challenges businesses face today, and offered suggestions on how to transition to an economy that is more sustainable, just, and equitable.
“Changes in the system and the design of the system will be required,” he says, “and it can be an exciting opportunity, as well as a daunting challenge. We need all of the stakeholders at the table to unite us.” Jeffrey Hollender (photo on right) Co-founder and Executive Chairperson Seventh Generation
> http://mitsloan.mit.edu/mba/program/dils.php > http://mitsloan.mit.edu/sustainability/speakers.php
leadership development 20 | 21
Speakers from the Dean’s Innovative Leader Series and the Sloan Sustainability Speakers Series challenge students to consider their leadership roles in shaping tomorrow’s business environment.
Mark Chew, LGO ’10, pictured above at his Raytheon internship, researched cost-effective alternatives for the company to improve sustainability. In all, Leaders for Global Operations (LGO) students spend six and a half months at internships with LGO partner companies, putting their leadership, management, operations, and engineering skills to the test.
Leaders for Global Operations The Leaders for Global Operations (LGO) Program aims to solve challenging operations problems by developing knowledge at the intersection of engineering and management. LGO features a cross-disciplinary curriculum, a global orientation, significant internship opportunities, an emphasis on leadership and teamwork, and real-world experience with LGO partner companies. This dual-degree program awards an MBA or a Master of Science degree from the MIT Sloan School of Management and a Master of Science degree from one of seven participating departments in the MIT School of Engineering. Partner companies provide generous fellowships for all LGO students.
“The LGO Program provided a great foundation that I continue to leverage,” says Elizabeth J. Altman, LGO ’92, vice president of strategy and business development for Motorola Mobile Devices and co-author of The Innovator’s Guide to Growth: Putting Disruptive Innovation to Work. “It emphasized analytical tools and decision-making frameworks to solve complex problems. As a result, the approach I take to address large-scale strategic problems today integrates considerations from multiple functional disciplines.”
“… here, through the MIT Energy Initiative, we are helping to frame the national debate on energy policy. We are advancing the frontiers of energy research. We are educating a new generation of energy pioneers, and we are turning our research into innovations that will transform the way the world gets its energy and will create new industries in the process.”
dual degrees & exchange programs
Susan Hockfield, President, MIT
MIT Sloan and Harvard Kennedy School (HKS) Dual Degree After a childhood experience of living through the catastrophic Hurricane Andrew in 1992, Ashley Zohn decided as an adult to pursue emergency management, selecting a dual-degree program that would offer her the background to pursue a career in this rapidly growing sector. “I chose MIT Sloan because of my interest in supply chain management and operations management,” says Zohn. “It is challenging, but it’s worth it.” As Zohn explains, both MIT Sloan and HKS have designed the curriculum so that students take the maximum number of credits every semester. Zohn also serves as co-president of both the Operations Management Club and the Crisis Management Council at MIT Sloan.
“I’m better at time management than I was before,” says Zohn. “You just have to pick and choose.” Last summer, Zohn chose an internship with Florida’s Division of Emergency Management, reviewing and dissem inating recommendations made by consultants to streamline some of the division’s organizational processes. “I could read their report and almost translate it for the people who had to implement the recommendations,” says Zohn, who lived in Miami when category 5 Hurricane Andrew hit South Florida. “This summer, I’ve accepted an offer to work at the Homeland Security Institute, and I’ll definitely be working within the disaster planning and preparedness space.”
MIT Sloan’s Exchange Programs MIT Sloan’s MBA Program offers the opportunity for one semester abroad at any of three European schools: London Business School (LBS), HEC Paris, or IESE Barcelona. Students may attend either in the fall or spring semester of their second year, although most choose the spring semester. Each of the three exchange programs is designed for students who seek a longer international educational experience or wish to pursue a future career in a European country.
> http://mitsloan.mit.edu/mba/program/dual.php
Ashley Zohn, MBA/HKS ’11
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“The MBA and the HKS programs complement each other extremely well, and they are very different… . My education is complete because of what I have been able to do at both of them. I will be a better leader in either sector because I have a background in both.”
MBA class profile Dynamic, Diverse, and Smart MIT Sloan enrolls individuals who demonstrate: the ability to lead and inspire others, a collaborative spirit and a community focus, an intellectual curiosity and analytical strength, the creativity to find new solutions to existing challenges, and growth in their professional and personal endeavors.
MIT Sloan students come from over 60 countries and numerous industries and functional areas. We have a diverse mix of U.S. citizens, international students, and U.S. permanent residents. However, the reality is more interesting than a one-dimensional chart can show. There are dual citizens, multiplelanguage speakers, and students with a wide range of educational and professional experiences. Take a look to see where you fit into MIT Sloan.
MBA Class of 2012 Profile* Age range
22–37
Mean age
28
Work range
0 –12
Mean years of work experience GMAT range (middle 80%) Mean GMAT
5
680 –760 717
Females
34%
Males
66%
U.S. citizens
50%
U.S. permanent residents International Africa
8% 42% 2%
Asia
27%
Europe
11%
North America
51%
Oceania
http://mitsloan.mit.edu/mba/experience/profile.php
The goal of the Admissions Office is to admit the most qualified candidates regardless of their personal or family’s financial means. To support this mission, MIT provides financial support to graduate students in several different forms, including loans, merit awards, and scholarships, as well as assistant teaching and research positions. Some forms of support are granted solely on the basis of merit; others are granted on the basis of financial need; a combination of merit and need; or on other criteria stipulated in named awards by alumni or benefactors. As part of the application process, you will be asked to self-identify for awards for which you may be eligible.
financial aid
Many of our second-year students receive funding through teaching (TA) and research (RA) assistantships. MIT Sloan is unique among its peers in that we employ more MBA students as TAs and RAs than any other leading institution. These positions are open to citizens, permanent residents, and non-U.S. students. There are approximately 180 teaching/research assistantship positions available each year.
Dean’s and Diversity Fellowships
Little Family Foundation MBA Fellowship Award
About 30 Dean’s and Diversity Fellowships are available to first-year students — ranging from $5,000 to full tuition — and are awarded to admitted candidates of all citizenships and academic backgrounds. All admitted candidates are considered for these fellowships.
This award is for an admitted MBA student who has either participated in Junior Achievement as a child or volunteered as a teacher or an advisor or as a professional.
Yellow Ribbon Program MIT Sloan offers 10 $5,000 scholarships for veterans of the U.S. military which are matched dollar-for-dollar by the federal government. These are awarded on a first-come, first-served basis.
The Class of 2004 Diversity Scholarship The purpose of this scholarship is to attract students to MIT Sloan with unique work experiences, educational endeavors, or national backgrounds that are less represented at MIT Sloan.
The Forté Fellowship The Forté Fellowship is awarded by MIT Sloan to outstanding female candidates who demonstrate leadership in their community, academic institution, or place of work.
The Legatum Fellowship The Legatum Center for Development and Entrepreneurship offers financial assistance to select entrepreneurial graduate students at MIT. http://legatum.mit.edu/fellowship
The McKinsey Award McKinsey awards up to three scholarships of $10,000 to first-year MBA students with an outstanding record of academic achievement, demonstrated drive, personal impact, and distinctive leadership in professional, community, or campus activities.
The Trust Scholarship The Trust Family Foundation provides tuition to a first-year MIT Sloan MBA student who graduated from Cooper Union within the past seven years and who can demonstrate financial need.
Thomas and Lorraine Williams Fellowship The Thomas and Lorraine Williams Fellowship is awarded to an MIT Sloan MBA student who graduated from the Georgia Institute of Technology and who can demonstrate financial need.
The Peter Englander Fund MIT Sloan alumnus Peter Englander, SM ’77, provides a fellowship in the amount of $25,000 to an incoming MBA student from the United Kingdom.
Merit Awards The MBA Program Office awards team and individual MBA Achievement Awards ranging from $1,000 to $10,000. These merit-based awards recognize outstanding student contributions and leadership in the MIT community. Additionally, the Siebel Foundation gives five $25,000 scholarships to students for academic achievement and outstanding leadership. Other awards include: Seley Scholarship Henry B. DuPont III Scholarship Henry Ford II Scholarship Miriam Sherburne Scholarship Martin Trust Community Fellowships The Petersen Award McGowan Fellowship
Total Corporation Fellowship Up to three renewable fellowships of $60,000 are offered to three incoming MIT graduate students from Angola, Nigeria, and South Africa. Eligibility is not restricted to students from these countries, but preference will be given to them.
Mohammed Bin Rashid Al Maktoum Fellowship Awarded to nationals of the 22 member countries of the League of Arab States who demonstrate leadership, dedication, and commitment to the Arab world’s human and socioeconomic progress.
Fundação Estudar Provides scholarships to qualified Brazilians attending a graduate program.
Instituto Ling This Brazilian nonprofit association provides annual fellowships for Brazilians with exceptional entrepreneurial spirit and leadership skills.
The Sainsbury Management Fellowships The Royal Academy of Engineering provides scholarships to talented young engineers with leadership potential who intend to pursue their careers in the United Kingdom. For more details, visit: http://web.mit.edu/odge/ finances/fellowships/international.html
Women and men who thrive at MIT Sloan see themselves as thinkers and doers. They want to explore, grow, and contribute to our rich and diverse community. Smart and
When applying to MIT Sloan, we want you to reflect on your past academic and professional endeavors. We want to understand how you think, lead, and pursue your goals. There are several parts of the application. They include: a professional résumé, a cover letter in which you describe your accomplishments and include an example of how you had an impact on a group or an organization, three essay questions, your academic transcripts, and GMAT or GRE test results. (TOEFL scores are not required.) The essay questions for the 2010–11 application are: Essay 1: Please describe a time when you went beyond what was defined, expected, established, or popular. (500 words or less, limited to one page) Essay 2: Please describe a time when you convinced an individual or group to accept one of your ideas. (500 words or less, limited to one page) Essay 3: Please describe a time when you took responsibility for achieving an objective. (500 words or less, limited to one page)
> F or complete instructions on how to complete the application, visit:
http://mitsloan.mit.edu/mba/admissions/applicationinstructions.php
MBA Application Deadlines (all deadlines 3PM Eastern Time)
Dual-Degree Application Deadlines (all deadlines 3PM Eastern Time)
MBA Round I MBA Round II
LGO HKS
October 26, 2010 January 4, 2011
how to apply
energetic, they want to make the world a better place.
December 15, 2010 January 4, 2011
Tuition and Costs 2010 –11 (for a single student for one year) Tuition $50,353 Books and supplies 1,836 Computer 2,500 Food 4,572 Fees 272
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Personal (including medical 4,660 insurance) Housing 13,500 Transportation 2,496 TOTAL $80,189
To learn more about MIT Sloan, introduce yourself to us at:
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http://mitsloan.mit.edu/mba/admissions/viewbook.php. You’ll be able to access your personalized MIT SloanSpace site based on your areas of interest.
the pace, passion, and warmth of our culture. We offer a variety of events from which to choose: walk around campus, witness the day-to-day life of our students, ask your questions at an information session hosted by an admissions representative, talk to alumni, attend a class, and get a firsthand impression of the MIT Sloan MBA Program.
Join Us on Campus … The Ambassadors Program is an excellent way to learn more about MIT Sloan. You’ll spend the day on campus, meet current students and faculty, and even attend a class or two. Visit our website to learn more or to register for the Ambassadors Program:
> http://mitsloan.mit.edu/mba/admissions/ambassadors.php The Admissions Office also hosts information sessions and online chats that focus on topics such as the overview of the MBA Program, the application process, and customization of the MBA through tracks and certificates.
> http://mitsloan.mit.edu/mba/admissions/attend_event.php …Or Attend a Global Event The MIT Sloan Admissions staff hosts fairs, conferences, forums, and presentations in cities throughout the United States and the world, including: Amsterdam Austin Brussels Buenos Aires Chicago
Detroit Houston London Los Angeles Mexico City
Milan New York City Paris San Francisco Santiago
São Paulo Seoul Taipei Tel Aviv Tokyo
The above list represents only a fraction of the cities we visit in a typical year. To find out when MIT Sloan will be in your area, visit:
> http://mitsloan.mit.edu/mba/admissions/attend-event.php
writing: Mary Tamer editing: Linda Walsh, Michelle Choate, Michael Perrone, Julie Strong, Shauna LaFauci Barry photography: Stuart Darsch, John Marcus, Sarah Foote design: studio-e printing: Universal Millennium Inc. PSB 10-01-0036
come visit
Visit us or attend one of our on-the-road events and experience
The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment. The Institute does not discriminate against individuals on the basis of race, color, sex, sexual orientation, gender identity, religion, disability, age, genetic information, veteran status, ancestry, or national or ethnic origin in the administration of its educational policies, admissions policies, employment policies, scholarship and loan programs, and other Institute administered programs and activities, but may favor US citizens or residents in admissions and financial aid.* The Vice President for Human Resources is designated as the Institute’s Equal Opportunity Officer and Title IX Coordinator. Inquiries concerning the Institute’s policies, compliance with applicable laws, statutes, and regulations (such as Title VI, Title IX, and Section 504), and complaints may be directed to the Vice President for Human Resources, Room E19-215, 617-253-6512, or to the Coordinator of Staff Diversity Initiatives/Affirmative Action, Room E19-215, 617-253-1594. In the absence of the Vice President for Human Resources or the Coordinator of Staff Diversity Initiatives/Affirmative Action, inquiries or complaints may be directed to the Executive Vice President, Room 3-211, 617-253-3928, or to the Director of Labor and Employee Relations, Room E19-235N, 617-253-4264, respectively. Inquiries about the laws and about compliance may also be directed to the Assistant Secretary for Civil Rights, US Department of Education.
MIT Sloan is committed to producing environmentally responsible publications. The paper in this viewbook contains 20 percent post-consumer waste and was manufactured with electricity in the form of renewable energy.
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*The ROTC programs at MIT are operated under Department of Defense (DOD) policies and regulations, and do not comply fully with MIT’s policy of nondiscrimination with regard to sexual orientation. MIT continues to advocate for a change in DOD policies and regulations concerning sexual orientation, and will replace scholarships of students who lose ROTC financial aid because of these DOD policies and regulations.
http://mitsloan.mit.edu/mba
MIT Sloan School of Management Admissions Office 50 Memorial Drive, Suite E52-126 Cambridge, MA 02142-1347 617.258.5434
[email protected]
