If 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 &...

Business 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...

The 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...

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 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.

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 presents a diverse set of students to interact with. The extra space at Stanford supports better infrastructural facilities as compared to MIT.

The big advantage for Stanford is its vicinity to Silicon Valley. Major companies visit both schools for...

Before writing your essays, understand what MIT stands for. "Mens et Manus" (Mind and Hand) is MIT’s motto. The AdCom values a career path that involves learning, leadership and innovation. MIT is looking for candidates who can inspire and collaborate with others, create innovative solutions, lead teams and contribute in a community. The candidate should also have an innate sense of curiosity and analytical skill.

Essay 1: Please describe a time when you had to convince a person or a group of your idea. (500 words or fewer, limited to one page)

The MIT Sloan AdCom wants to learn how you think and act. A key skill when you work collaboratively in a team is your ability to get the buy-in for your idea. Even if you are leading a team, unless you sell your ideas, the execution will lack conviction, which will affect the quality of the outcome.

The first part of the question asks about a time when you had to convince a person or a group about your idea. The level of persuasion depends on the radical nature of your idea. If it is too radical, your team will be skeptical. If the idea is not creative, then show how you introduced data to convince the team. If the idea is creative with little data to support it, show how you could evoke positive emotion with your arguments and motivated them to work on your idea. Although MIT students are known for their...

MIT Sloan MBA Admission Interviews are different. Instead of the standard Why MBA and Why MIT Sloan MBA questions, the Adcom conducts Behavioral Event-Based Interviews (BEI). The idea behind BEI is to evaluate how you responded to challenging situations. Your response to past events is an indicator of your future behavior.

Interview Conducted by: AdCom or Alumni

Duration: 45 minutes to 1 Hour

Style of Interview: Formal

Tips

Dos

Tip 1: Read your Essays and Resume

MIT Sloan is different. The Interviewers are well prepared and will read your essays and resume, several times. They will find out the gap in your essays and would ask probing questions.

Tip 2: Be prepared for Follow-up Questions

Remember, MIT Sloan MBA AdCom wants to understand how you behaved in the past. To find out more, the team will ask lot of follow-up questions. Each candidate has a different story and the questions will be accordingly. After you have prepared the preliminary list of follow-up questions, ask your friends, family members or expert consultants to read your essays and list the follow...

Essay 1: Please describe a time when you had to convince a person or a group of your idea. (500 words or fewer, limited to one page)

Essay 2: Please describe a time when you overcame a personal setback. (500 words or fewer, limited to one page)

Guidelines

• For each essay, please provide a brief overview of the situation followed by a detailed description of your response. Please limit the experiences you discuss to those which have occurred in the past three years.
• In each of the essays, please describe in detail what you thought, felt, said, and did.

Download MIT Sloan Essay Guide with Sample Essays

Q) I have a 670 in GMAT, 1 year research experience from a renowned company and 2 years consulting experience from a top Consulting firm. I have first class with 62% for my undergraduate. Although my academics are not great, I have many relevant Extra-curricular experience. Is MBA from Sloan School of Management possible?

FutureWorks Consulting: If you wish to apply to top business schools then one of the prerequisites is having significant work experience. Generally candidates have around 4-5 years of full time experience in spite of several term time projects or jobs; so you may be competing with other candidates who have 4-5 years of full time experience and have started significant initiatives at college.

Hence, we would advise you to gain some full time work experience before you decide to apply for an MBA.  Academics are not the only thing that counts beyond academics and your work exp plays an equally important role.

Get your profile evaluated with Free 30...

The first MIT Sloan MBA Essay Question (Please describe a time when you went beyond what was defined, expected, established, or popular) is not easy to answer. You have to first define what your skills and qualities are and then shortlist achievements where you went beyond the ‘call of duty’. Relevancy is the key here.

Stacy Blackman, a veteran in MBA Admissions Consulting, has provided answer to this question and for the rest of the questions (2011-12 MIT Sloan MBA Essays) with the MIT Sloan MBA Essay Guide.

What you can expect from MIT Sloan MBA Essay Guide:

1) Sample MIT MBA Essays from applicants who made it to MIT Sloan School of Management

2) The Essay Guide will also help you brainstorm events and achievements that are relevant for Sloan MBA

3) The Essay Guide will help you stand out from the rest of your competition

...

Key Features

1) Learn about applying to MIT Sloan.
2) Find out what makes MIT Sloan Unique
3) The ins-and-outs of the MIT Sloan MBA application process, get application tips and have the opportunity to ask questions.

Location: Online

Date: May 16th 2012 Wednesday
Time: 12:00 PM ET
Register Now

Recommended Download: MIT MBA Admissions Essay Guide

 

MIT Sloan provides a 2-Year Full-time MBA program, Joint MBA programs, a 20-Months Executive MBA program and various executive certificate, PHD and Masters programs. Established in 1914, as Course 15 in the MIT Department of Economics and Statistics, MIT Sloan School of Management has come a long way establishing itself as a pioneer in Executive MBA program. MIT Sloan is among the few Business Schools that have put emphasis on Tech Entrepreneurship. The Sloan SOM sponsors the famous MIT $100K Entrepreneurship Competition.

MIT MBA programs is a combination of case studies, team projects, lectures, case discussions, interaction with industry leaders and hands on training. The combination of these key features will provide MBA students with Business Skills and real world experience.

MIT Sloan's MBA curriculum starts with the core courses in first semester. It is among the toughest courses in the MBA program. MIT Sloan is known for its academic rigour. In its graduate programs including the MBA program, students with less than 4.0(on a five point scale) or "B" average is not allowed to graduate. After the first semester, students are given the freedom to customize their courses according to their goals. The courses offered in MIT...