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MIT Sloan School of Management


MIT Sloan MBA Student on GMAT Preparation and MBA FundingWe interviewed Pawan Gupta, MIT Sloan Class of 2015 Student about GMAT Prep strategies and tips, why he chose Sloan MBA program, and the funding options available for International Students.

F1GMAT: When did the idea for MIT Sloan came to your mind? Why an MBA?


Pawan Gupta: I wanted to go to Stanford GSB but when I started applying, I realized MIT is more down to earth, and doing better work in social field through Legatum grants and fellowships. I was really impressed by the initiative and the brand value that MIT has.

Related: MIT vs. Stanford

F1GMAT:  Did you spend several months on GMAT Prep?

Pawan Gupta: Yes. I retook the GMAT. When my start-up failed in 2011, I went to Delhi and took coaching from a leading institute. It completely messed up my time as the coaching materials were not at all relevant to what was being asked in GMAT. I...


                      Deadline                       Decision                 Reply By

Round 1         Sep 23, 2014                 Dec 17, 2014           Feb 23 2015
Round 2         Jan 08, 2015                  Apr 6, 2015             May 01 2015

Note:
1) Re-applicants must submit their application by the Round I deadline.
2) Decisions will be released early for some candidates who will be denied admission without an interview.

Differentiate from other competitive applicants with ...


MIT MBA Essays for 2014-15 has an interesting twist. The second essay asks you to pretend as a recommender, and write your recommendation letter. The word count for Essay 2 has increased to 750 words from 500, a reversal of trends, compared to top MBA programs. Essay Number 1 has remained the same.

Essay 1: The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and generate ideas that advance management practice. Discuss how you will contribute toward advancing the mission based on examples of past work and activities. (500 words or fewer, limited to one page)

Essay 2:
Write a professional letter of recommendation on behalf of yourself.  Answer the following questions as if you were your most recent supervisor recommending yourself for admission to the MIT Sloan MBA Program: (750 words or fewer)

How long and in what capacity have you known the applicant?
How does the applicant stand out from others in a similar capacity?
Please give an example of the applicant's impact on a person, group, or organization.
Please give a representative example of how the applicant interacts with other people.
Which of...


MIT Sloan MBA Essay TipsMIT MBA Essays for 2014-15 has been released. Unlike other schools, MIT Sloan School of Management has made no changes in the number of essays, but the word count for the second essay has increased from 500 to 750. The second essay is unique with the AdCom asking the applicants to play the role of a recent supervisor and write a recommendation letter for themselves. To learn how to master essay writing for MIT Sloan, download our essay guide.

MIT Sloan MBA Admission Essays 2014

Let’s start with the 2nd Essay.

Essay 2: Write a professional letter of recommendation on behalf of yourself.  Answer the following questions as if you were your most recent supervisor recommending yourself for admission to the MIT Sloan MBA Program: (750 words or fewer)

• How long and in what capacity have you known the applicant?...


MIT Sloan MBA Essay TipsMIT MBA Essays for 2013-14 has been released. Unlike other schools, MIT Sloan School of Management has made no changes in the number of essays, and the word limit for each one of them. The number of essays is two and the word limit is 500 words or less for each essay. In this MIT Sloan MBA Essay Tip article, we will cover leadership traits that Sloan values and offer specific tips for answering the two essays.

MIT Sloan MBA Admission Essays 2013

Essay 1: The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and generate ideas that advance management practice. Discuss how you will contribute toward advancing the mission based on examples of past work and activities.   (500 words or fewer, limited to one page)

Essay 2:
Describe a time when you pushed yourself beyond your comfort zone. (500 words or fewer, limited to one page)

Optional Question
The Admissions Committee invites you to share anything else you would like us to know about you, in any format.

MIT Sloan MBA Essay Guideline

1) We are...


MIT Sloan Mentor ProgramMIT Sloan School of Management has unveiled the Online Mentoring program. With the platform, students and alumni can interact and build mutually beneficial relationship, and current students get the chance to connect with alumni from different years, programs, and industries.

Mentors have the power to set communication guidelines and pick students who need the support the most. To start the mentoring program, mentors are required to fill in their professional details through LinkedIn data and provide details about their career interest, path until now, and other interests. They can also stay in touch with current students and learn about the innovation that is emerging from the campus. This is another opportunity for mentors to collaborate or invest in some of the emerging technology.

Students get valuable one on one advice about a chosen area of interest, and the program opens up connection to a larger alumni network and executives across industries, location, and job functions.

The process starts when both mentor and student fills
out their online profile. Based on profile information, students can see a list of relevant mentors. The mentor-mentee relationship starts when the...


For all the skeptics who are wondering about Financial Industry and the lower demand for Finance Job among MBAs post 2008, the latest employment report released by MIT Sloan School of Management will be an eye opener.

MIT Post MBA Finance Demand Growth
 
The percentage of the class who has opted for Finance Jobs has increased from 21.5% in 2010 to 24.3% in 2012. During the same time, the net growth in a traditionally preferred job function – Consulting and Strategic Planning, is just 0.9%.

The trend is influenced by the increase in the base salary for Finance Jobs. If you look at the most popular Finance job functions and the median salary, financial analyst leads the market with a median salary of $122,500 while the lowest salary in the group is tied between three functions: Sales & Trading, Wealth Management, and Investment Banking at $100,000.

Analysis                            $122,500
Investment Banking    ...


MIT Sloan Vs Tuck MBAAlthough many students might argue that MIT Sloan is at a different level when compared to Tuck, the following comparison will give you a clearer picture on which MBA program is best suited for you. The Comparison is based on Location, Ranking, Curriculum, Exchange Programs, Internships, Post MBA Salary, and  Career Service and Alumni Network.

1) Location

MIT Sloan is located in Cambridge, a city in Massachusetts, located in Greater Boston Area, in the United States. Cambridge is known for Harvard University and Massachusetts Institute of Technology, two of the world’s most renowned institutions. During the 19th and 20th Century, Manufacturing sector was the largest employers in the City but from the inception of MIT and Harvard, the universities became the largest employer with the 2010 census indicating a combined employment of 20,000. It is the sixth largest city in the United States. Tuck School of Business at Dartmouth is located in Hanover, New Hampshire, in the United States. Hanover is a small town with a population of just 11,200, according to 2010 census.

2) Ranking

Except Economist, all other major publications that include US News...


Tuck vs MIT Sloan MBAIf you have missed the first part of the series, read MIT Sloan vs Tuck MBA: Comparison Based on Location, Ranking, Class Profile, Curriculum, Exchange Programs and Internships

7) Post MBA Salary

When it comes to median and mean Base Salary, MIT Sloan MBA Students have reported a higher mean base salary of $118,406 against Tuck’s $115,000. When you look sector wise, MIT Sloan has better compensation across all sectors except VC, Hedge Fund and Private Equity sector. Tuck also has a higher percentage of representation (4%) in PE sector and Consulting (36%). MIT has a larger representation in Manufacturing (18.1%). For details, check out the comparison table below.

Some of the top Hirers for MIT Sloan MBA
Class of 2012 are McKinsey & Company , Amazon, Boston Consulting Group , Bain & Company , Citi and Google. Tuck also attracts similar recruiters with companies like Amazon, Apple, McKinsey & Company, Time Inc. and JPMorgan Chase &...


MBA SimulationsBusiness Simulations are an extension of the traditional classroom lectures and case-study method of teaching in an MBA Program. The real value of this tool comes from testing what you have learned through these simulations.

How valuable are these simulations?

It gives students the ability to take the type of risks that normally cannot be taken in real life. By observing the consequence of these actions, students can learn about themselves and how various elements in a Business Environment influences each other. Simulations require collaboration with team members and teach students to think for the team and effectively communicate with each other. The learning experiences develop team building, leadership and problem solving skills.

The Simulation Games can be broadly categorized based on the learning function – Communication, Finance, Sustainability, Leadership & Teamwork, Marketing, Strategy, Supply Chain, Change Management, Venture Capital, Entrepreneurship, Economics and Pricing, and Statistics.

Let us look at some of the best simulation games used in top Business Schools.

Communication

The Tip of the Iceberg cultural team is a...


Operations Management (OM) is the science of streamlining the design as well as management of processes, products, supply chains and services. It deals with the process of producing goods, and delivering services. OM ensures the efficient utilization of resources, be it within the organization or outside. It also delivers goods and services promptly to fulfill client needs.

What are the applications of Operations Management?

Operations Management can be applied at various levels, based on the location and size of a manufacturing plant to the structure and delivery of a service or a telecom network, and could even include designing technology supply chains. Besides the overall perspective, this management stream also deals with tactical and technical details such as plant layout, project management techniques, technology & equipment selection, and replacement of older methods or machinery. The operations management team also determines production schedules, manage inventories, control quality and manage material flow. A plant's equipment management and maintenance policies are also set by them.

What are the responsibilities of Operations Management...


MIT 100KThe MIT 100K Competition is among the world’s oldest competitions for entrepreneurs, and has now completed 22 years. In 1990, the MIT Entrepreneurs Club in collaboration with the Sloan New Ventures Association held the first competition that had 54 participating teams. The winner won $10K, with $3K and $2K for the 2 runners up. In 1996 it became the $50K, and in 2006 the competition evolved into the MIT $100K Entrepreneurship Competition.

Today, it is one of the worlds most anticipated competition. It is aimed at fostering the entrepreneurial spirit among MIT students and researchers, encouraging them to express their ideas, and providing the support required to bring them to fruition. The competition is a yearlong process that ropes in VCs, mentors and media, culminating in a giveaway of $350,000 in cash and prizes. The most prestigious of all is the $100k prize for the launch competition.

The Competition has nurtured the launch of 160+ companies that have registered aggregate exit values of over $2.5 billion captured with a market cap of more than $15 billion. They have generated 4,600+ jobs and gained around $1.3 billion in VC funds. Recent IPOs...


MBA in LogisticsAn efficient, agile and quick supply chain is a major prerequisite for any successful company today. As the world globalizes, product components are sourced from far away countries, and markets grow to encompass the world. Apple for instance sources its ARM processors in Texas, screens from Korea and assembles products in Asia, mainly China. Today, a supply chain is a complex system of technologies and processes that calculate real-time demand and responds immediately through a network of suppliers, employees and customers. While supply chains were once driven by products, they are today driven by customer demand. The best supply chains combine operational excellence and innovation.

An MBA in supply chain management uses a cross-disciplinary approach, covering Operations Management, Inventory Management, Quality Management, Supply Chain Technology Management, Logistics, Marketing, Strategy and MIS. People who wish to have a career in this field should be adept at critical thinking, analysis, management and strategy. They must be able to evaluate issues and solve them on a global scale. Strong financial, leadership and team playing skills are also vital.

Tasks involve choosing and...


MIT Sloan School of Management has just launched the business video game simulation - Platform Wars: Simulating the Battle for Video Game Supremacy. In this live, web-based simulation, students get into the shoes of a Senior Manager at a video game company such as Sony. The student must now make a series of decisions to help the company succeed in this dynamic and highly complex market.

The game is centered around an accompanying case study based on the launch of Sony’s PlayStation 3. In the game, success depends on the number of people that own it and the amount of games and applications available for the platform. This and various other features interact dynamically to determine the market share and earnings.

Instructors can use the Game Settings page to alter market dynamics like Sensitivity of Console Buyer to the Availability of Games, Sensitivity of Console Buyer to the Number of other Product Owners, Percent of Migration Costs to Initial Development Costs and even Competitor Pricing Strategies. This can help simulate different market conditions, and various competitor strategies. Students can get the income statements,...


MIT vs Stanford MBAMIT Sloan and Stanford GSB are two of the top B-schools in the world. Both are next door to exceptional undergraduate programs that regularly usher in radical new technologies. Along with other schools on campus, both Sloan and GSB are well known for its world class entrepreneurial environment. Students with a tech background and an entrepreneurial attitude are naturally drawn to the schools, at times facing the dilemma of choosing one over the other. We have picked five factors for your consideration before picking on over the other. For details, download our MBA Research Guide

1) Location

Stanford is in sunny California, while MIT is in the colder city of Boston. Stanford has a large campus, and is located in Palo Alto, a suburban area, with fewer transport options, and almost no other college students around except for those at Stanford. Sloan is in the city, with all major infrastructures close to the campus. The school is also next door to Harvard, and so...