1999 Profile Update
School Statistics
Graduates' Comments
SURVEY DETAILS
| |
The MIT Sloan School of Management fell six spots in the 1998 survey, dropping to No. 15 from No. 9 two years earlier. The reason? It skidded six places in both the student and corporate polls, to 19th and 14th, respectively in '98. A major graduate complaint: They felt their profs were most likely to compromise their teaching for research. This despite having more than 237 electives to choose from, the most at any of the 61 B-schools BW evaluated. Grads were, however, quite happy with the Sloan environment, giving their school the highest marks for diversity (37% of Sloan's full-time enrollment is international, third-highest in the Top 25). Recruiters, for their part, were still enamored of Sloan grads' technology, analytical, operations, and global business abilities -- rating them 1st, 3rd, 4th, and 8th, respectively -- but found it hard to close a deal. They had to contend with the average of 3.7 job offers each Sloanie received, third-highest in the Top 25.
As a result of their high demand, Sloan grads encountered nothing but good fortune on the placement front. Each pulled down an average of $146,060 in total compensation, earning the third most (behind Harvard and Stanford) of all 61 schools reviewed. And their average $88,554 base salary, a 73% increase from pre-enrollment levels, made them second only to Harvard grads. In addition, just under 20% of the surveyed graduating class received tuition reimbursement as part of their packages. That's quite a strong incentive, given that Sloanies graduated an average of $49,700 in the red, the fifth-highest amount of debt in the Top 25.
|
STRATEGY FOR APPLICANTS
| |
Starting with admissions for the class of 2001, MIT will become the only business school to require on-line submission of applications -- you won't be allowed to mail in a paper copy even if you want to. The Sloan application utilizes a software program called GradAdvantage, used by quite a few other B-schools as well, which allows prospective students to easily fill out forms for multiple schools without retyping basic information. To apply, you'll need to open the GradAdvantage Web site, http://www.gradadvantage.org, and set up a user name and password. After you've begun filling out the information, you can save your work and keep coming back to it until you're finished and ready to submit it.
The competition to get into Sloan is stiffer than ever; applications have more than doubled since 1994, from 1,671 to 3,452, and only 13 percent of applicants to the class of 2000 were admitted. MIT has one of the earliest final application deadlines of any of the top business schools, so if you're interested in applying, do so soon. Applications received by the December deadline should get a response by mid-February; those who apply by the February deadline can expect to hear in mid-April. Given the quantitative nature of the program, GMAT scores and undergraduate grades in math and science are critical to your consideration. Beyond that, Sloan is "looking for excitement," according to Rod Garcia, director of master's admissions, so think carefully about your achievements and look to emphasize the unique and the glamorous, as did one recent candidate from Mexico who sent along press clippings about him swimming the English Channel.
Interviews at Sloan are done by invitation only, with about half of those admitted in 1998 asked to come in for an hour-long chat over lunch with the admissions committee. It's meant to be a casual way for the staff to get to know candidates who have strong records but what Garcia calls a "quiet" presentation on paper. If you'd like to learn more about the school, you can sign up for the Ambassadors Program, which arranges information sessions with current students and a chance to attend classes and get a feel for the place. Call the master's admissions office if you'd like more information.
|
CURRICULUM
| |
Electives available in 1998: 237
New electives in past three years: 8.6%
The core curriculum was last revised in: 1993
Accelerated MBA program offered?
No
New Courses in Past Three Years
Advanced Statistics, Experimental Design & Taguchi Methods, Institutions for Industrial Competition in Advanced World, Financial Management, Real Estate Capital Markets, Research Seminar in System Dynamics, Corporate Strategy & Practices in Service Industry, Systems Optimization, Managing Transformations in Work, Organizations, and Society, Proseminar in Financial Engineering, Proseminar in Financial Management, Managerial and Financial Accounting, Sustainability, Trade and the Environment, International Marketing, Proseminar in Strategic Management and Consulting, Global Climate Change: Economics, Science, and Policy, Statistical Data Analysis, Modern Regression and Multivariate Analysis, Entrepreneurship Lab, Listening to the Customer, Strategic Market Management, Marketing and the Internet, MIT Technologies with New Venture Potential, Marketing High-Tech Products
Most Popular Electives
Corporate Finance, Mergers and Acquisitions, Technology Strategy, Entrepreneurship Lab
Most Popular Professors
Jeremy Stein, Kevin Rock, Rebecca Henderson, Robert Pindyck
Majors or Concentrations Added in Past Three Years
Revised Management Track: New Product and Venture Development (Entrepreneurship), Revised Management Track: Information Technology and Business Transformation, New Management Track: Operations and Manufacturing, Strategic Design and Management -- a new program affiliated with the MIT School of Engineering
Teaching Methods
Lecture: 34%
Case Study: 33%
Experiential Learning, Group/Team Projects: 33%
| Full-time faculty members: |
|
89 |
| Adjunct or visiting faculty: |
12 |
| Average core class size: |
60 |
| Average elective class size: |
45 |
Laptop computer required?
No
Grading System
Grading is based on a five-point scale, with whole letter grades only (A=5, B=4, etc.). Students must have a 4.0 to graduate.
Exchange Programs or International Campuses
London School of Business; IESE (Barcelona, Spain); Monterrey Institute of Technology (Mexico); Catholic University (Chile); Fudan University; Tsinghua University (China)
Best Areas of Study
Information Technology and Business Transformation, New Product and Venture Development, Operations and Manufacturing, Financial Engineering, Financial Management
Areas School Would Like to Improve
N/A
|
1998 PLACEMENT
| |
On-campus recruiters for graduates: 278
On-campus recruiters for first-year internships: 195
On-campus student full-time job interviews: approx. 4,081
On-campus student internship interviews: 3,186
Job opportunities posted via the Internet or E-mail: 500
Top Employers/Number of 1998 Hires
| McKinsey & Co. |
|
24 |
| Booz Allen & Hamilton |
11 |
| Boston Consulting Group |
9 |
| A.T. Kearney |
8 |
| Goldman Sachs |
7 |
| Merrill Lynch |
7 |
| Andersen Consulting |
6 |
| Bain & Co. |
6 |
| Lehman Brothers |
6 |
| Mercer Management Consulting |
6 |
|
ALUMNI NETWORK
| |
Number of living alumni: 5,942
Alums who gave to the school during the 1997/98 academic year: 30%
Median alumni gift: $100
Number of alumni clubs: 22
Number of dues-paying members: 1,900
Number of staffers devoted to MBA alumni relations: 3
Placement services offered for alumni?
Yes
Description of Alumni Placement Services
Sloan alumni receive personalized career counseling that covers such issues as job search strategy and resume development (the school has a counselor available weekly to meet with alumni). Counseling is available in person or via telephone. In addition, alums have access to online jobs listings (new listings are posted within 24 hours of receipt and are accessible 24 hours/day, 7 days/week), a career services Web site which outlines many of the online resources available to alumni job seekers, a company research data base, a career management resource kit, career management seminars, and the Alumni Mentor Network (MIT's Institute Career Network (ICAN) provides alumni access to a network of MIT alumni who volunteer to serve as career mentors who offer advice and support to alums seeking employment or career advice).
|
Back to Top
1999 Profile Update
School Statistics
Graduates' Comments
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - -
|
|
|
 |
|
Key Contacts
School Web Site
E-Mail:
mbaadmissions@sloan.mit.edu
Address:
Sloan School of Management
50 Memorial Drive
Cambridge, MA 02142-1347
Dean:
Richard Schmalensee
(617) 253-2957
Director of MBA Programs:
Lawrence Abeln
(617) 253-5049
Director of Admissions:
Rod Garcia
(617) 258-5434
Director of Alumni Relations:
Carmon Cunningham
(617) 253-8197
Director of Financial Aid:
N/A
Director of Career Services:
Ilse Evans
(617) 253-6149
Application Deadlines:
U.S.
February 14, 1999
International
February 14, 1999
|
