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AnnualReport 2010
The schools profile has been on the rise under Dean Robert J. Dolan.
MIT Programs
as stated on its website, the mission of MIT is
to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.
across all of its programs, there is a focus on generating, harnessing, and sharing knowledge in order to address some of the worlds greatest challenges. from the schools rigorous undergraduate program to its doctoral programs, MIT is consistently named among the top universities in the nation and world across several ranking systems. Most notably, the school of engineering has been ranked first overall among graduate and undergraduate programs by U.S. News and World Report since the publication first published results in 1994; additionally, the general undergraduate program, the MIT sloan school of Management, and the Department of economics have all held top-tier rankings over recent years.
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hallmarks of the MIT sloan MBa program include such concepts as entrepreneurial innovation, customizable curriculum, distributed leadership, and action-based learning.
going beyond theoretical discussion to take action is a deeply engrained aspect of the MIT sloan culture.
following the rigorous and intense experience of the first-semester core, students are given the remaining 75 percent of their time at sloan to craft their own curriculum.
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Admissions at Sloan
Application Essay Topics
sloan requires four essays that are designed to draw out how candidates work, think, and act. The school asks that experiences be from the previous three years and specifically instructs applicants to describe in detail what they thought, felt, said, and did during an experience. sloan also features a supplemental Information section that allows candidates to use 250 words or less to address specific circumstances from the applicants academic background.
Deadlines
Unlike most top business schools, sloan features only two rounds of admission during which candidates may apply to the program. The application dates for the 2009-2010 admissions cycle are:
1 2 3 4 1 2
Round 1 submission Deadline october 27, 2010 Decision notification Date february 2, 2010 Round 2 submission Deadline January 13, 2010 Decision notification Date april 6, 2010
Prepare a cover letter seeking a place in the MIT Sloan MBA Program. Describe your accomplishments and include an example of how you had an impact on a group or organization. Your letter should conform to standard business correspondence and be addressed to Mr. Rod Garcia, Director of MBA Admissions. (500 words) Please describe a time when you went beyond what was defined, expected, established, or popular. (500 words) Please describe a time when you coached, trained, or mentored a person or group. (500 words) Please describe a time when you took responsibility for achieving an objective. (500 words)
MIT sloan also features two additional questions for applicants to the leaders for global operations (lgo) program: Why do you wish to pursue the LGO program? What are the goals that you hope to accomplish both as a student and as a graduate of the program?
or less, limited to one page) You are welcome to copy and paste text directly from your cover letter.
Why do you wish to pursue the engineering field and specialty area you have selected?
(250 words or less, limited to one page) You are welcome to copy and paste
text directly from your cover letter.
Veritas Prep clients working on their sloan applications will receive expert guidance on each of these essay questions. head consultants help clients understand how to highlight strengths and weaknesses as well as unique elements within the confines of the question, while also addressing each of the key business school admissions themes. furthermore, sloan specialists will help clients decide whether to make use of the supplemental Information section, offer guidance on how to embrace both the freedom and the challenge of essay 4, and will ensure that all responses are in keeping with what MIT is looking for in its applicants. The program highlights included in this guide are used as appropriate reference points and examples throughout the process.
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Admissions Criteria
Admissions Statistics
MIT sloan features all of the hallmark statistics of an elite, selective business school an average gMaT score above 700, average gPa above 3.50, and a paltry acceptance rate of 15%. one notable admissions stat associated with sloan is the robust 67% yield rate.
some applicants mistakenly assume that the admissions committee screens the applicant pool with an eye for quant jocks and math whizzes. The ability to manage the academic rigors of sloan is one important factor, but the admissions committee is interested in learning much more about potential students than simply test scores and undergraduate grades. Rod garcia, the Director of admissions, and the other members of the admissions committee are looking for principled and motivated individuals who will contribute to a dynamic, engaged, and vibrant community. To identify these people, the committee looks for demonstrated success in past performance (work experience, gMaT score, and undergraduate grades) and then digs deeper to look for evidence of qualities such as leadership, creativity, resilience, and integrity.
applications .......................................... 3,896 acceptance Rate ...................................15% Yield ..............................................................67% average gMaT score ...........................702 20th/80th Percentile gMaT Range ...................................650-760 average gPa ............................................3.46
The MIT Sloan Admissions office breaks down the admissions criteria into the following areas: General Criteria academic and non-academic characteristics suggestive of making the most of the opportunities at MIT enhancement of others Motivation Involvement Interpersonal skills communication skills leadership analytical skills Tolerance of uncertainty Desired Qualifications high academic potential high gMaT scores excellent academic records exceptional recommendations ability to achieve Work experience essays Recommendations Work Experience not required for admissions, but helpful to get the most of out of the experience
Interviews: Interviews are by invitation only and are held on-campus, in key
cities internationally, and occasionally, by phone. The MIT sloan admissions committee conducts Behavioral event Interviews (BeI) with the idea that past behavior is a reliable indicator of future responses in similar situations. as with the application essay questions, the interview will focus on specific experiences in recent years and on what applicants said, felt, and did in each instance. Unlike most elite business schools, the interview process is not blind, as interviewers review applications prior to the interview and it is not unusual for them to ask additional questions about application materials and essays. The admissions committee is interested in learning about what makes candidates tick what motivates them, what guides their decisions and actions, and what their passions are. sometimes the result of this is that there is a greater emphasis on feelings, thought processes, and some of the softer competencies than one might find in other business school interviews. Student Involvement: Unlike many of its peer schools, sloan handles its admissions process entirely within the sloan admissions committee. students are very actively involved with admissions initiatives and activities with prospective students, but do not participate in the evaluation of applicants for admissions purposes.
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Visiting Sloan
Contact Information
office of admissions sloan school of Management 50 Memorial Drive cambridge, Ma 02142 Phone: 617.258.5434 email: mbaadmissions@sloan.mit.edu
as with any program, one of the best ways for candidates to truly understand if sloan is a proper fit is to visit the campus and get a feel for the academic environment, student life, and overall campus culture. additionally, visiting the school offers the opportunity for face-to-face contact with current students, professors, and admission representatives. The Student Ambassadors Program: Prospective students are always welcome to visit sloan, but to get a more complete visiting experience, the school recommends that candidates plan their visits through the MIT sloan ambassadors Program. The ambassadors visit offers a brief introduction and overview of the MBa program with an admissions officer, followed by the opportunity to visit a class and speak to current sloan students over lunch. The program is offered twice a day on Monday through Thursday when class is in session during the fall semester, and on once a day on Monday and Tuesday during the spring semester. There are a limited number of spaces, so visitors are advised to register in advance. Much of the ambassador Program is run by student volunteers, even during some exams and interview season, so visitors get a glimpse of the good, the bad, and the very busy aspects of student life at sloan. Campus Tours: given the small size of the MIT sloan school, no formal tours are offered (or even necessary). a visit with the ambassadors Program will cover most of the main student areas from the walk from admissions office, to class and then to lunch. If you are interested in exploring the facilities further, the admissions office has maps of campus and visitors are free to look around. Tours of the main MIT campus are provided frequently through the university. Off-Campus Information Sessions: Throughout the year and around the globe, the admissions office holds MIT sloan-on-the-Road events. These events present a great chance to meet MIT sloan alums, current students (if location and time of year permits), and members of the admissions committee. Contacting Student Organizations: The admissions office does not give out the names of any students or alumni, but if you are interested in a particular club or student group, it is worth checking the organizations website for student contact information. students often post contact email addresses exactly for this purpose and tend to be receptive to speaking with applicants and answering questions.
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Federal Loans
as with most graduate programs, sloan makes available a series of loan programs that comprise the bulk of each students financial assistance: Federal Stafford Loan available to U.s. citizens and permanent residents. The maximum dollar amount is $20,500 and the subsidized amount can be up to $8,500, depending on financial need. Federal Perkins Loan an interest-free loan while in school, it is a smaller loan program available to qualified students who are U.s. citizens and permanent residents. Federal Graduate PLUS Loans This loan can cover cost of attendance after other assistance has been calculated, provided the student qualifies and is a U.s. citizen or permanent resident.
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Sloan Students
The student body of MIT sloan features an array of work and life experience, of unique personalities and perspectives, which contributes to the richness and robustness of each class. some students come directly from their undergraduate experiences, while others have a decade or more of work experience under their belts. The mix of students features a healthy representation of former consultants and engineers, as well as founders of non-profit organizations and small-business owners. While the admissions committee does actively reach out to underrepresented groups to encourage increased applications, they do not make use of quotas when building each class, but select the candidates that they feel are the strongest. MIT sloans relatively small class size of around 360 students does breed a strong sense of community. Despite or perhaps because of the diverse population, there is a common ethic and shared attitude among students. Visitors often comment on how down-to-earth and collegial sloan students are. humility, integrity, self-knowledge, intellectual curiosity, and a sense of humor are traits found across the student body, despite the wide range of backgrounds and accomplishments. World Origin:
Student Stats
Total sloan enrollment ................... 1,128 full-Time MBa enrollment ...............780 average age ................................................28 Male students .........................................65% female students ...................................35% International students.......................36%
Undergraduate Major:
engineering..........................................45.5% social sciences and humanities .................................20.2% Business ..................................................18.5% sciences and Math ..........................15.8% average years of pre-MBa work experience .....................5
Asia 23%
West 15%
Northeast 34%
South 9%
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Student Organizations
at the heart of many sloan students business school experiences is their involvement with student clubs and activities. In addition to bringing students together around common interests and goals, student organizations serve as a training ground for management, innovation, and team-building. These clubs and organizations often provide experiences as formative as those that take place in the classroom. Beyond regular meetings, clubs plan speaking events, company visits, offer peer services like case interview preparation and resume review for industries, and attend or plan conferences. MIT sloan boasts a wide range of clubs that reflect the diversity, passion, and enthusiasm of the student body. organizations range in focus from cultural, to professional, to entirely non-academic interests and activities. When interest exists where a club does not, students dont hesitate to create new organizations, whether small (such as the sloan surfing club) or large (such as the Mobile, Media, and Internet Technology club). The sloan website offers a complete list of student organizations, while groups of note are listed below: Leadership Club In addition to bringing in dynamic speakers and co-sponsoring service trips, the leadership club expeditions have included trips to Tanzania to summit Mt. Kilimanjaro in order to further develop and implement leadership and team-building skills. Marketing Club This group manages Marketlab, a student-run consulting arm of the club that works to combine the interests of students, faculty, and an impressive set of partner companies on projects that create real world value. SEID - student entrepreneurs for International Development - sloan entrepreneurs for International Development (seID) seeks to drive sustainable global development through entrepreneurship by raising awareness of the challenges faced by emerging economies and empowering students to take action through projects with entrepreneurial organizations around the world. Venture Capital and Private Equity Club (VCPE); Sales Club; Entertainment; Media; and Sports at MIT Sloan; the Latin Club; and the Energy and Environment Club These are just a few student organizations which successfully planned and executed major conferences (many of them sold-out) in recent years. Trips and Treks - every year, students gain unprecedented access to the worlds leaders in business, government, and ngos through international travel during several break periods throughout the year.
While these Trips (often a week long and for credit) and Treks (usually shorter and not for credit) are executed with great support from the MIT sloan student affairs office and faculty, much of the momentum is driven by motivated groups of student planners. Recent examples of Trips and Treks include travels to Turkey, Korea, India, and Japan, where student organizers shared their native countries and arranged industry and government visits for up to 100 of their classmates. as almost any sloan grad will tell you, these journeys are amazing experiences and provide powerful opportunities to meet, establish, and renew lifelong connections within the global sloan network.
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Sloan Academics
according to the schools website, MIT sloans MBa curriculum grew out of the conviction that, in education as in business, leadership belongs to those who reject the comfort of the status quo. Therefore, the MIT curriculum is one that offers a high degree of flexibility, and encourages freedom and experimentation. after the intense, shared experience of the first-semester core, students are free to build a highly personalized course of study. courses are designed to be rigorous analytically, but also to push students to think in new ways and experiment with their own development as leaders, managers, and team members. Throughout the wide variety of courses, there is an effort to balance innovative ideas and theories with real-world application.
Teaching Philosophy
MIT sloan faculty rely on a variety of teaching methods including lectures, case studies, simulations, team projects, problem sets, presentations, company visits, and guest speakers. It is left to individual faculty members discretion to determine the most appropriate method and tools to best teach their subject matter. across the board, there is an emphasis on action-based learning (particularly in the lab classes described in more detail below) and use of real-world examples in order to instill world-class business skills and create leaders with real-world experience. MIT sloans faculty members are dynamic thinkers and teachers, and many are global leaders in their respective fields. among even the most well-known professors, there is a genuine desire to share their knowledge with students. Many express a genuine willingness to work alongside students to improve, refine, and experiment with courses, and it is common for sloan professors take it upon themselves to offer open seminars on current issues on which they are experts, as Professor simon Johnson did with the events of the recent global financial crisis.
The MIT curriculum is one that offers a high degree of flexibility, and encourages freedom and experimentation.
It is common for sloan professors take it upon themselves to offer open seminars on current issues on which they are experts, as Professor simon Johnson did with the events of the recent global financial crisis.
Class Organization
core classes feature about 60 students, with one notable exception, which is the 30-person communications class. These subjects typically have small discussion sections or recitations in which students have the opportunity to discuss conceptual issues and work on problem sets. elective subjects typically have 25 to 60 students (although a few number as high as 90), and seminars may have even fewer students.
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Course Enrollment
When enrolling in elective classes, students rely on a computerized bidding system which aims to fill classes as fairly as possible based on student preferences and priority (sloan students get placement priority over non-sloan students, as do secondyear students over first-year students). starting with 1,000 points each, students place bids on courses based on their level of interest and the perceived level of demand of the rest of the student body. high bids are expected with the most popular courses and the most highly-regarded professors, but students are free to bid based on whatever factors they value most (such as completing a course prior to a summer internship, working with a particular team, or having a certain schedule for classes). There are two rounds of bidding; in the second, any bid that did not result in enrollment in a students desired course is returned. These remaining points can be used to bid on spaces in the remaining classes. The bidding process can seem intimidating at first, but there are many resources available for any additional guidance needed. The student affairs office holds a workshop on the bidding process during the core semester and second-year students tend to be quite willing to share their insights, resources, and bidding resources with the new class. In typical sloan fashion, students tend to experiment with ways to gather and share information at nearly every bidding cycle so that the community can make informed decisions and maximize the power of their bid points. sloan students can also cross register at harvard Business school and across other MIT departments, given them the flexibility to pursue a wide range of subjects outside of sloans curriculum.
In typical sloan fashion, students tend to experiment with ways to gather and share information at nearly every bidding cycle so that the community can make informed decisions and maximize the power of their bid points.
Required for all MBA candidates, the MBA Core curriculum consists of the following courses:
economic analysis for Business Decisions Data, Models, and Decisions leadership and Personal effectiveness coaching communication for Managers organizational Processes Team Project special seminar in organization studies financial accounting an elective chosen by the student
Core Classes
MBa students build the foundation of their MIT sloan education during the first-semester core. Working with a highly diverse team of five or six classmates throughout the semester, students develop foundational skills through required courses such as economics, accounting, managerial communication, business statistics, and organizational processes (as well as an elective in either strategic marketing or finance). Throughout this time, students enjoy the camaraderie, classroom contributions, and support of their cohort (called oceans at sloan) a group of roughly 60 students who take all core courses together. a unique aspect of the MIT sloan MBa program is that the required core is only one semester long. This allows students great freedom and flexibility to pursue their unique goals and interests throughout the rest of their time at MIT sloan. There are a number of points at which the core courses overlap and build off of one another. for example, students will give presentations in communications based on assignments from economics or organizational Processes. Much of this work is done within core teams, which are intentionally assembled to represent a wide range of skills, personalities, and experience. learning how to manage this broad and rigorous workload effectively as a team is a very important part of the core experience.
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Specialty Tracks
Academic Calendar
2009-2010 student academic calendar August
Entrepreneurship & Innovation Track (E&I) Introduced in 2008, the new entrepreneurship and Innovation track focuses on launching and developing emerging technology companies. e&I participants take part in a rigorous curriculum that is run by both faculty members and industry leaders. The program is made up of four required courses as well as six additional electives and includes several highlights, such as weekly dinners and significant access to faculty members and prominent leaders in entrepreneurship and venture capital. In addition to an MBa degree, e&I students receive a certificate in entrepreneurship and Innovation. The program is open to all students who are admitted to sloan, and has already become a popular offering. all sloan students are free to bid on and take courses in entrepreneurship, but participants of the e&I program benefit from direct exposure to a rich network of influential players in the entrepreneurial community. Finance Track - The finance track consists of a set of required courses, electives, and extra-curricular activities designed to prepare MBa students for careers in the finance industry. any MBa candidate may participate in the finance Track and, in addition to the MBa degree, will receive a Track in finance certificate. MIT sloan has also recently started offering a Masters Degree in finance outside of the MBa program.
9 first Day of fall classes 22 Bidding begins for fall 09 sIP columbus Day h1 ends sIP (sloan Innovation Period) h2 Begins
October
12 16 1 9-23 26
November
Academic Year
The MIT sloan academic year is uniquely structured, with a few distinct pauses in normal academic activity. These periods fall mid-semester and mid-academic year: Sloan Innovation Period: at MIT sloan, the traditional 13-week semester breaks for a unique and intense week of workshops and seminars during the sloan Innovation Period (sIP). During this week, students break from their regular course schedule in order to learn about groundbreaking faculty research, explore new subjects areas, and take part in experiential learning exercises. This week provides students with a chance to enrich their studies with variety of new and different ideas, and gain some healthy perspective about the world outside of their intense course-load. The sections of each semester before and after sIP week are referred to as h1 and h2, respectively. a certain number of sIP credits are required for graduation, and students bid on sIP workshops using a similar process as they do for classes. Independent Activities Period: across all of MIT, the month of January is dedicated as the Independent activity Period (IaP); a time where students can broaden their educational horizons and explore personal interests. course offerings over IaP include both credited and non-credited classes, seminars, how-to sessions, forums, lectures, films, recitals, and tours on a wide variety of topics. IaP courses cover everything from the philosophical to the scientific to the less seriousthe annual Mystery hunt and charm school are always two of the most popular IaP offerings among MIT students. IaP provides a nice break from the academic grind of the fall and spring semesters and is another unique opportunity for creativity and flexibility in learning. students can create their own educational agendas, pursue independent projects, meet with faculty, or pursue many other options not possible during the semester. faculty members are free to introduce innovative educational experiments as IaP activities or to work with students on independent study projects. Many students travel internationally during IaP, on independent trips, or as part of class work through programs such as the global entrepreneurship lab.
4 IaP (Independent activities Period) Begins 18 Martin luther King Jr. Day 29 IaP ends 2 first Day of spring classes 15 Presidents Day h1 ends sIP spring Vacation h2 Begins
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Research Centers
center for computational Research & Management science center for energy & environmental Policy Research center for future Banking (cfB) center for Information systems Research Institute for Work & employment Research (IWeR) laboratory for financial engineering lean advancement Initiative (laI) MIT center for collective Intelligence The MIT center for Digital Business MIT entrepreneurship center MIT leadership center MIT Workplace center operations Management group (oMg) operations Research center organization studies group (osg) Productivity from Information Technology (PRofIT) seeIT system Dynamics Virtual customer Initiative
strategy and Innovation Technology, operations, and Value chain Management Management and leadership
Joint Degree Programs MIT sloan broadcasts a commitment to innovation and academic adventure, so it comes as no surprise that the school offers a variety of joint and dual degree programs, both between sloan and other MIT programs, as well as between sloan and other elite universities in the Boston area. such programs include: Biomedical Enterprise Program (BEP). a joint offering between harvard, the MIT Division of health sciences and Technology (hsT), and sloan. This program is built for students with both strong business and science backgrounds aiming to enter the biomedical field. BeP is a three-year program that grants its students an incredible amount of access to faculty members from all three schools, as well as cutting edge research. Leaders for Global Operations (LGO). formerly known as leaders for Manufacturing (lfM), this program is a joint offering between MIT sloan and the MIT school of engineering. This two-year program provides students with an MBa or Ms in management, as well as an Ms from one of eight different engineering programs. featuring nearly 25 partner companies and significant fellowship and internship opportunities, lfM features a fairly large class as its 48 students represents nearly 15% of the entire sloan student body. MIT Sloan & Harvard Kennedy School Dual Degree Option. a three-year program between sloan and harvards John f. Kennedy school of government, this dual degree program provides students with an opportunity to acquire an MBa as well as an MPa or an MPP. It is designed for students seeking careers in international management or development. System Design and Management (SDM). a joint offering between sloan and the MIT engineering program, sDM merges technical proficiency with crucial management and leadership concepts, designed for students seeking careers in complex system development.
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Using stocks, flows, and feedback loops, students taking system Dynamics learn how to model the interconnectedness of complex systems and begin to map the nonlinearity found in so many modern-day problems.
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Finance II Paul Asquith Professor asquiths finance II course is considered by many to be among the most engaging and popular courses at sloan due to both his teaching excellence (he has been awarded the MIT sloan student award an incredible thirteen times) as well as his expertise in areas such as corporate finance and control, mergers, dividend policy, financial distress, and market efficiency. Applied Macro and International Economics Kristin Forbes Professor forbes has recently rotated between academia and policy positions in the United states government. she has served as a member of the council of economic advisers to the White house and as a Deputy assistant secretary in the U.s. Treasury Department in addition to her academic duties. as such, she posses an incredible amount of real world experience in her area of expertise. as one of sloans rock-star professors, her new course on global economic challenges is certain to be in high demand. Industrial Economics Robert Pindyck Professor Pindyck works a great deal on irreversible investment decisions, the role of network effects in market structure, and the behavior of commodity prices. his course is known to be demanding, but is also consistently one of the classes with the highest points bid when the time comes to bid for courses. Pindyck is also the coauthor of one of the most widely used microeconomics textbooks across universities around the world.
The school has not adopted the common non-disclosure policy, so recruiters and employers do indeed have access to students academic records.
Grading Policies
The MIT sloan grading system is based on a 5.0 point scale, with a 5.0 being equivalent to an a. (a 4.0 is a B, and so on, although an f is a zero.) an average of a 4.0 or higher is required of every student in order to graduate. The school has not adopted the common non-disclosure policy, so recruiters and employers do indeed have access to students academic records. faculty members are given the freedom to grade in whatever method they feel is most appropriate, which they discuss with the class at the start of each course. Despite the assumption of widespread grade inflation in business schools, some 3.0s (cs) are given out every year. While MIT sloan is known for its academic rigor, students are rarely competitive about grades. It is much more common to find students focused on learning and personal goals, and the general culture tends to be one of cooperation and collaboration, especially when courseloads get demanding.
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networks of world-class entrepreneurs, investors, and potential partners Mentorship by successful and seasoned professionals education in specific business planning skills as well as general entrepreneurial insight content rich feedback on their business model from world class entrepreneurs, investors, and professional service providers on our Judging Panel Teambuilding opportunities to create a winning team of founders access to members of the private equity community Broad media exposure and PR buzz
since the inception of the competition 20 years ago, the amount awarded to winners has grown from $10K to $100K and has spawned over 120 companies with a collective market cap of over $10 billion.
The competition gets by far the most attention of all business plan competitions at sloan, with many students from all over MIT (not just sloan) either helping run the sizeable competition or joining a team and competing. another competition at sloan is hosted annually by the operations Management club. Taking place entirely on-line, the operations simulation competition attracted over 80 teams from 35 universities representing seven countries last year. outside of sloan, many student teams participate in competitions hosted by other universities and organizations. In recent years, teams from MIT sloan have taken first place at the Yahoo! Digital Media case competition, the Bgala Reaching out conference, the Play Digital Media case competition, and the carnegie Mellon operations case competition, among others.
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construction of a new 215,000 square foot sloan building is underway and scheduled to be completed in the summer of 2010.
MIT sloans facilities have been less than ideal in recent years, with steadily growing class numbers nearly exceeding class and study space, and heavily used classrooms showing signs of wear. But construction of a new 215,000 square foot sloan building is underway and scheduled to be completed in the summer of 2010. like many of MITs new buildings, e-62 (as it is called), is being built with environmental sustainability in mind and will be submitted for a leeD silver or higher rating by the U.s. green Building council. The new facility will have group study areas, useable outdoor spaces, lounge and dining areas, and will overlook the charles River. This major construction makes the existing facilities seem even less impressive, but when completed, will be a vast improvement and a major point of pride for MIT sloan.
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Employment Statistics
MIT sloan would probably classified as a consulting school, is the program puts nearly half of its graduates into consulting or strategy positions each year. In keeping with MIT tradition, sloan also places a significant number of students into tech and science-related positions every spring. By Industry
Finance 15.4% Electronics 7.7% Investment Management 6.7% Software 4.7% Media/Entertainment 4.7% Retail 3.4% Pharm/Biotech/Health Care 3.4%
Salaries
Mean salary:..................................$107,990 Median salary: .............................$110,000 Range of salary: ...... $65,000-$161,800 guaranteed bonus average: .............................................$36,025
Major Employers
Major companies across the globe recruit sloan graduates and many of the most common employers are similar to those that recruit at other top business schools. The following companies hired five or more graduates from the class of 2008:
Consulting 32.7%
Other Manufacturing 2.6% VC/Private Equity/Hedge Fund 2.3% Energy 1.7% Auto/Aerospace 1.7% Diversied Financial Services 1.7% Other Services 1.7% Consumer Packaged Goods 1.0% Transportation 0.7% Telecommunications 0.7%
By Function
Finance 26.1% Marketing and Sales 8.1% Product Management /Development 7.4%
McKinsey (27) Bain (17) Boston consulting group (16) Booz allen hamilton (12) lehman Brothers (9) google (8) citi (7) goldman sachs (6) IBM (6) Dell (5) fidelity (5)
Consulting 40.6%
Operations 5.7% Business Development 2.7% Other 2.0% Information Technology 0.7%
By Location
West 18.8% Asia 6.7% Europe 5.4% Southwest 5.4%
Northwest 50.7%
Midwest 4.0% Mid-Atlantic 3.4% South 2.6% Latin America 1.7% Mexico 1.0% Canada > 1%
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Our Team
our team of sloan consultants includes former admission representatives, alumni interviewers, members of influential student groups, and, of course, accomplished professionals in a variety of fields. With multiple sloan consultants on our admission consulting team, we are able to provide customized service to clients based on background, timing, and logistics. our sloan consultants have career experience in a variety of industries and functions. each client who works with Veritas Prep on a sloan comprehensive package will receive a customized team of consultants: a head consultant and a sloan specialist. Head Consultant. all of our head consultants have experiences as admissions representatives that afford each of them a unique perspective on the applicant pool and how candidates must position themselves to express proper fit and to stand out in an increasingly competitive process. The head consultant will guide the client through every step of the process: from the initial Diagnostic session to submission of the application. Sloan Specialist. every comprehensive package client who chooses sloan will also receive an MIT specialist who is either a current student or recent graduate of the school. This individual will ensure that essay responses are both topical and aligned thematically with the things that matter to sloan. In addition to helping clients find specific courses, programs, clubs, and professors that match their interests, the MIT specialist will also comb through each question and answer to ensure that the response is properly aligned with the qualities that sloan seeks in a candidate. for more on Veritas Preps incredible team and the individuals who serve as our sloan consultants, please visit the consultant Profiles page of our website.
With multiple sloan consultants on our admission consulting team, we are able to provide customized service to clients based on background, timing, and logistics.
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Our Sloan Services
The sloan school of Management is always one of the most popular school selections among our clients due to its reputation as a highly selective, quantitatively rigorous, top-tier program. however, the Veritas Prep approach is built upon identifying the right fit for each client, regardless of the generic qualities of the business school. only once we have verified a proper match do we begin to build the candidates personal marketing platform and piece together the perfect sloan application. Diagnostic Session. our Diagnostic session the first step in our comprehensive packages as well as a stand-alone service assures that each clients goals and prospects are properly aligned. once we have helped ensure that the client is making sound choices with regard to each business school application, we start building a timeline and a strategy specifically tailored for a sloan engagement. Personalized MBA Game Plan. each clients head consultant will create a Personalized MBa game Plan, a strategic approach based on the clients professional, academic, and personal history. Those elements will become the foundation of the sloan application story, allowing the client to demonstrate leadership, innovation, maturity, teamwork skills, analytical ability, and potential for academic excellence. a major component of the game Plan is the identification of each candidates strengths and weaknesses as well as truly unique qualities relative to the sloan applicant pool (this applies to nearly all of the elite business schools). This will create an application platform from which to work and will help mold and shape the strategy of how to address application components such as the resum, essays, and letters of recommendations. Personal Achievement. high gMaT scores and straight as in undergrad are all positive data points, but the admissions committee will be looking for more than just impressive numbers. given the diverse pool of applicants, achievement can take on a different shape depending on different applicants circumstances. It is critical to be able to demonstrate and highlight a track record of success in leadership, in influencing others behaviors, overcoming adversity, or whatever may apply to a candidates personal situation. a well-crafted application that provides compelling evidence of what an applicant is capable of achieving can offset less-than-stellar numbers. Telling a Unique Story. as the MIT sloan application essays and Behavioral Interviews suggest, the admissions committee will want to know a deeper story behind each candidates achievements. The admissions committee designed their essay questions and evaluation process to help applicants present themselves in a unique way. successful applicants will not only communicate their achievements clearly, but will also present the admissions committee with a deeper layer of information bringing to light the unique individual behind the achievements and actions. They look for applicants who tell them a compelling story of who they are, what they can bring to the sloan community, and why they will thrive there. Veritas Prep consultants work with clients to identify appropriate achievements and weave information about unique strengths, passions, and skills so that a true identity emerges throughout an application. Balance and Perfection. once the themes of personal achievement and uniqueness have been established as the foundation of the sloan application, the Veritas Prep head consultant and MIT sloan specialist will team up to ensure that all of the questions have been properly answered, that the resum and essay questions have been crafted with style and efficiency, and that all of the key business school themes have been addressed in a balanced way throughout the application. Its not easy applying to one of the most popular and unique schools in the country, but our consulting team will ensure that Veritas Prep clients give themselves the best chance of admissions success through the most accurate, engaging, and persuasive portrayal of their candidacy that they can possibly create. This is true of our approach to all schools, but particularly at sloan, where two critical themes Personal achievement and Telling a Unique story must resonate so strongly and consistently throughout the application.
only once we have verified a proper match do we begin to build the candidates personal marketing platform and piece together the perfect sloan application.
each clients head consultant will create a Personalized MBa game Plan, a strategic approach based on the clients professional, academic, and personal history.
successful applicants will not only communicate their achievements clearly, but will also present the admissions committee with a deeper layer of information bringing to light the unique individual behind the achievements and actions.
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