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MIT Sloan School of Management


MIT vs Stanford MBAMIT Sloan and Stanford GSB are two of the top Business 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 one over the other.

1) Location

Stanford is in sunny California, while MIT is in the colder city of Boston. For many this might not be a deal breaker, but knowing that Bostonians have to weather, an 8-month of depressively low temperature while Californians can find warm weather in all four directions is a deal breaker for MBA applicants who want to experience the city while sharpening their negotiation and leadership skills in the class.

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...


We interviewed Pawan Gupta, MIT Sloan Class of 2015 Student and asked him 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: Which top schools did you target?

Pawan Gupta: I mainly targeted Stanford, and then later MIT Sloan. However, I applied to Wharton, Columbia, MIT Sloan, NYU Stern, Kellogg, Duke, UCLA and CMU Tepper.

F1GMAT: How did you find funding for MIT Sloan?

Pawan Gupta: MIT MBA International students are eligible to get loans (without collateral) of up to $170,000 from MIT Federal Credit Union. This includes expenses related...


Cover Letter: (Required):  Please submit a cover letter seeking a place in the MIT Sloan MBA Program. Your letter should conform to a standard business correspondence and be addressed to Mr. Rod Garcia, Senior Director of Admissions. (body of the letter should be 250 words or fewer)

MIT Sloan has brought back the retired cover letter format to this year’s Admission. Before we guide you on how to write a professional cover letter, addressing Mr. Rod Garcia, the Senior Director of Admissions, let us look at last year’s question. The answers given by last year’s applicants must have been manicured beyond recognition that the admission team found it hard to differentiate the genuine applicants from the heavily edited ones.

Last Year’s Question: Tell us about a recent success you had: How did you accomplish this? Who else was involved? What hurdles did you encounter? What type of impact did this have?

The question about the recent success didn’t receive a satisfying answer. One reason for that would be the lack of a clear criterion that declared an event a success. Another reason for this would be the word limit. 500 words is enough to spin a narrative that highlights hurdles, steps to overtake it, the team who helped the applicant and the overall impact that the applicants had on...


                      Deadlines                      Decision                

Round 1         Sep 15, 2016                 Dec 19, 2016          
Round 2         Jan 17, 2017                 Apr 3, 2017            
Round 3         Apr 10, 2017                  May 17, 2017

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...


MIT Sloan MBA Admission team has announced the essay question for the August 2016 Entering class.

Q) Tell us about a recent success you had: How did you accomplish this? Who else was involved? What hurdles did you encounter? What type of impact did this have? (500 words or fewer)

There is only one required essay for this year.

Optional Question: The Admission team invites you to share anything that has not been covered in the mandatory question. The format can be multimedia, url to website, or any format worth sharing.

MIT Sloan MBA Application Instructions



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 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...