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MIT Sloan nnn MBA Program nnn

openmindsopenarmsopeneyesopendoors 2008-2009

the mba program At MIT Sloan, it’s not just about how you think; it’s about what you do. You apply knowledge to create solutions, products, companies—and a better way of life. We encourage the generation of ideas and we give you the tools to execute them to their greatest possibility. Here, thought and action—theory and practice—always go hand in hand. It’s all part of our MIT legacy: Mens et Manus, mind and hand. As MIT’s management school, we are guided by the principle of intellectual pragmatism; we excel at the science and art of management.

Open minds, open arms,

Orientation, the core curriculum and the Career Core provide the foundation of an MIT Sloan education. The opportunities to build yourself up from there are numerous and exciting, each designed to give you the theoretical and practical knowledge you need

open eyes, open doors.

to achieve your future career goals. Leaders for Ma

MIT Sloan’s credo of

mens et manus — mind

and hand —

opens your world to new

possibilities.

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“MIT Sloan is about

making a difference in the world, and it means you’ve got to be smart at learning.” Anjali Sastry, Senior Lecturer, Management Science

Changing the Conversation on Sustainability Professor Richard M. Locke As one of a group of faculty spearheading the Sustainability Initiative at MIT Sloan, Professor Richard M. Locke well understands the challenges faced in changing this critical conversation away from constraint, scolding, and despair toward challenge, opportunity, and empowerment. He also knows that MIT is well positioned to lead this charge, aided in no small part by the MBA students who enroll in the Laboratory for Sustainable Business — better known as S-Lab — a unique course offering that places students in companies around the world to work on specific sustainability-based projects. “Many of the 70 or so MIT students who enrolled this semester in … S-Lab were predictably motivated by a heartfelt interest in the environment, especially climate change,” wrote Locke in a recent article. “But other MBAs showed up for another basic reason: They see great investment opportunities in sustainability and want to learn more about it.” Locke and others are spreading this message off campus as well, sharing a more comprehensive approach of sustainability and its interwoven significance to the global community. As Locke relates, sustainability is not simply about the environment, and it is not about hindering corporate growth or development, but rather about considering new models and methodologies — as well as innovative opportunities — that could not only sustain ways of doing business, but actually improve them.

openminds

“One of the things we want to try to do is say, ‘Look, there are all sorts of opportunities here, not just in terms of savings, but also in launching new products, starting new businesses, redesigning existing businesses and business practices,’ ” says Locke. “What we are trying to do is show business that this issue of sustainability will not go away; it’s not another fad. We’ve had those fads, but all the facts seem to be coming in that this is a pretty serious issue. … [S-Lab] creates an opportunity not just for business, but also for our students, especially professional management students, to hear that they don’t have to leave their values at the door.”

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curriculum innovations The MIT Sloan Innovation Period (SIP) SIP provides a marked contrast to traditional classroom activities, enabling students to hear directly from faculty about cutting-edge research and to participate in intensive leadership seminars. The weeklong SIP—held mid semester—also provides a forum for students to develop general business knowledge and exposes them to a wide variety of speakers, presentations, and events.

Entrepreneurship & Innovation Option (E&I) The new E&I option focuses on launching and developing emerging technology companies. E&I students immerse themselves in a rigorous curriculum. The program— consisting of four required courses and six additional electives—is highlighted by weekly dinners and access to key faculty and leaders in entrepreneurship and venture capital. E&I students receive a Certificate in Entrepreneurship and Innovation in addition to an MBA. Sustainability Lab (S-Lab) One of the key principles of S-Lab is the idea that people need to understand the basic aspects of a problem in order to properly address a solution. Utilizing a collaborative, interdisciplinary approach to sustainability challenges, S-Lab is jointly taught by seven of the School’s top faculty and features opportunities to work with a variety of companies as they confront environmental and social business challenges.

Core Curriculum An MIT Sloan education is current, dynamic, and global. It is distinguished by its combination of theory and practice. You will immerse yourself in a flexible curriculum with a unique one-semester core that provides the fundamentals of a forward-thinking educational experience through an intensive and academically rigorous curriculum of six core courses and four core electives. MIT Sloan is the only top school where first- and second-year students are comingled in the classroom…the result being an extended network and a wealth of knowledge sharing among peers.

First-semester core:

Core electives:

> Economic Analysis for

> Finance Theory I

Business Decisions > Data, Models, and Decisions > Special Seminar in Com-

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munication: Leadership and

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Curriculum: http://mitsloan.mit.edu/mba/program/curriculum.php

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E&I Option: http://entreneurship.mit.edu/E_and_I.php

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First Semester: http://mitsloan.mit.edu/mba/program/firstsem.php

> Marketing Management > Introduction to Technical Entrepreneurship* > Finance Practitioner Seminar

Personal Effectiveness Coaching > Communication for Managers > Organizational Processes (OP) > OP Team Project

*Open only to E&I students.

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let’s get it started

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Robert Meese, MBA ’08, Will O’Brien, MBA ’08 What do a telecom company aimed at fostering employment in developing countries and a men’s clothing consumer website have in common? They were born, so to speak, at MIT Sloan. Assured Labor matches dependable workers with honest employers via mobile phone text messaging, which is more widely used in developing countries than the Internet because of cost and accessibility. Starting in Brazil, Assured Labor hopes to be a productive resource for connecting the right skills with the right jobs, ultimately increasing efficiency and creating more jobs.

“You come here and you establish yourself as having the ability to do anything... .

Aside from his genius, Albert Einstein was also renowned for being a creature of habit with his wardrobe preferences, similar to men today. Project Einstein looks to alleviate the pain of shopping for clothes by serving as a trusted advocate for male consumers. In addition to providing aggregated access to apparel merchants, Project Einstein will provide personalized recommendations and even style advice. Finalists in MIT’s renowned $100K, both startups were nurtured by the entrepreneurial energy and resources that pervade MIT Sloan. Assured Labor founder David Reich,

And then you come out with this really powerful resumé…You come out with a background that really couldn’t be stronger in the world of management.” Alex Slawsby, MBA ’07

MBA ’08, found support for his idea—and some new co-workers—via the Developmental Entrepreneurship class. Project Einstein’s Will O’Brien met co-founder Robert Meese as part of the E&I Program. Some good coaching, important connections, and collaborative classmates also helped. Reich, who came to MIT Sloan with the specific goal of creating a startup, says, “People heard about our idea and got excited; they got behind it. We’ve connected with alumni in Brazil and are working with an MIT grad on the technical side. Access to resources like these at MIT has given us tremendous opportunity.”

dual degree programs Leaders for Manufacturing (LFM) The LFM program offers future leaders of diverse global operations the opportunity to earn both an MBA and a Master of Science in Engineering. The two-year dual major prepares students to solve significant global manufacturing and operations challenges while broadening management and technical expertise. Academic and corporate partners provide LFM students with 80% fellowships and six-month hands-on internships. http://lfm.mit.edu Biomedical Enterprise Program (BEP) Established by MIT Sloan and the Harvard-MIT Division of Health Sciences and Technology, BEP prepares students to lead new waves of innovation in biomedical business. A threeyear program, BEP provides an unrivaled real-world learning environment in which students integrate training in medicine, biotechnology, and business. http://bep.mit.edu Harvard Kennedy School at Harvard University This three-year dual-degree program with the Harvard Kennedy School allows students to earn both an MBA and an MPA/MPP. http://mitsloan.mit.edu/mba/program/mitsloan-hks.php

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100K Challenge: http://MIT100K.com

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Assured Labor: http://www.AssuredLabor.com

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Project Einstein: http://www.ProjectEinstein.com

the human element Professor Emilio Castilla “I’ve always been interested in HR issues and I believe there is an opportunity for our MBAs to get to know what it takes to motivate and mobilize people, to get them on board, and to build the organization they want to build. In order to do so, I think it’s crucial to be able to identify, evaluate, and resolve the variety of today’s issues relating to the management of people. The idea behind my class, Strategic Human Resource Management, is to make students seriously think about the human aspects of running organizations. We adopt the perspective of a general manager and address human resource management topics and challenges from a strategic perspective. We look at recruitment and selection, training and development, performance management, compensation, and employee relations, and we learn about the importance of aligning these elements with the goals of the organization. And we try to understand what kind of competencies you need from your leaders in order to create and sustain a positive workplace for everyone. Because the field of human resource management is multidisciplinary, it’s important to understand the basic economic, sociological, psychological, legal, and institutional factors that influence the employment relationship. I like to tell students about what economists have to say about what motivates people to work, what psychologists say about intrinsic and extrinsic motivation, and what sociologists have learned about the social aspects of employment. Students like that I’m bringing in examples from companies in different industries and when I tell them about the companies I’ve worked with. They are eager to learn about the theory first, and to see how these theories get to be applied in specific company cases and situations. One particular dimension that makes MIT unique is how the students get to hear about our research projects during their education, and they inquire about our publications. This is not necessarily the prototypical MBA student situation, based on my experience, but I think that the mixing of case discussions, reading material-with rigorous academic analysis and up-to-date research findings-can help our students face real-world situations with success.”

no good deed goes unrecognized Peer Recognition Awards Beginning in spring 2008, MIT Sloan students are honoring the achievements of their classmates through the Peer Recognition Awards. Given out at the monthly Town Hall

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meetings, the awards recognize individuals or teams whose contributions to the MIT

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MIT Sloan Faculty: http://mitsloan.mit.edu/faculty

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Peer Recognition Awards: http://mitsloan.mit.edu/mba/experience/peer.php

Sloan community are novel or innovative; start new traditions or improve existing ones and expand opportunities; or are significantly beyond the usual call of duty. Recent winners include the organizers of the Sports Business Conference and the Fall Ball.

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“These people, at any point in my career, could call me and

ask me for anything



and if it was in my power, I’d clearly do it.” Saadiq Rodgers-King, MBA ’08

the team way They’re known as the Baltic Egrets, a first-semester core team with one member from Australia, one from Jamaica, one from Thailand, and three from the U.S. They come from consulting, software development, fund management, venture capital, and nonprofit—and they’re headed down very different career paths. But when these six strangers came together, the aptly named Egrets took the concept of teamwork to new heights. From the beginning, the group was committed to creating the best in one another. They trusted each other enough to share their weaknesses as well as their strengths. When Parith, a native of Thailand, expressed his desire to improve his communication skills in English, the group went out of their way to support his goals. They all agreed that Parith would complete the first draft for any team paper so that he could learn from the changes going forward. It may not have been the easy way, but it was the team way. But the Egrets weren’t just about academic support. There were team dinners shared with spouses (the team even adopted Laura’s husband, a fellow first-year, as an honorary Egret), trips to exotic locales, and even a night out at the orchestra. “Being with my core team is definitely the very best experience I’ve had at MIT Sloan. They are the ones who make my experience here a really meaningful one,” says Parith.

openarms

The team commitment has extended beyond their core experience. While busy second-year schedules keep them from seeing each other regularly, five Egrets did a G-Lab together in São Paulo in January and three took a trip to Tanzania and Rwanda during spring break. While their time at MIT Sloan will soon come to an end, the Baltic Egrets will carry on their strong bonds. Says Saadiq Rodgers-King, “It is inconceivable to me that we will not continue our friendship beyond graduation.”

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the experience

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The MIT Sloan Experience It’s fun and frenetic, filled with seemingly endless opportunities to make new friends, go new places, and learn new things. Our diverse student body cherishes the opportunity to learn from those who are different from them. They are collaborative and team-oriented, viewing competition as an opportunity for everyone to shine. They are driven to make their mark on the world, but down-to-earth. At MIT Sloan, you’ll build more than just your skill set; you’ll build relationships and experiences that will last a lifetime.

innovation fueled by M&Ms Susan Rogol, MBA ’08, Kristen Oldenburger, MBA ’08 Prior to coming to MIT Sloan, Susan Rogol —a dual English and Spanish major who’s also a trained chef—worked for Martha Stewart, successfully launching a new food magazine. Kristen Oldenburger, who is trained in industrial engineering and human-

The first-ever Sustainability C-Function

computer interaction, is an airline industry veteran who figure skates competitively

featured a recycling relay race, a Project

on a team in her spare time.

Runway-style competition highlighting

Given their diverse backgrounds, you might be surprised that these two are friends

recycled clothing, and a video on what

and productive colleagues. That’s how things work at MIT Sloan, where the value of diversity and a genuine interest in getting to know other people benefits everyone.

sustainability means to the MIT Sloan community. With recycling and compost-

As part of a four-woman team participating in the Innovation Challenge, Susan and Kristen were immersed in a condensed, accelerated period of brainstorming that truly

ing, the event concluded with only one

tested their ability to innovate on the fly.

bag of garbage. “Innovation, to me,” says Kristen, “is coming up with new ways to tackle old problems, but also creating something that’s completely different.” For the first round of the challenge, the team was charged with generating ideas to give M&M Mars more prominent on-shelf store displays. The team’s approach—in addition to partaking of vast quantities of the product—was to focus on what makes M&Ms exciting. Their final recommendation? To have in-store kiosks that provide consumers with the ability to purchase customized M&Ms. In the end, the team faired very well, taking first place in their division. Moving on to the competition’s final round, they tackled questions for Hilton and Chrysler, ultimately finishing third out of 440 teams. For Susan, Kristen, and their teammates, the value of the challenge goes beyond the project’s results. “What’s contributing a lot to my experience here is taking advantage of all of the outside opportunities, because when you do, you learn in the process. And doing it with your teammates, you get great feedback,” Susan said. Their future goals are as divergent as their backgrounds: Susan plans to work in new media, while Kristen wants to stay involved with airlines. But they will always have their MIT Sloan experience—and M&Ms—in common.

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MIT Sloan Experience: http://mitsloan.mit.edu/mba/experience

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Women at MIT Sloan: http://mitsloan.mit.edu/women

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MIT Sloan Experience Video: http://mitsloan.mit.edu/experience

significant others Significant Others of Sloan: SOS It’s very important for the significant others of our students to share in the life-changing personal and professional experiences that their partners encounter during their time at MIT Sloan. The SOS club offers many ways for significant others to get to know each other and to get involved in the opportunities available to them throughout the MIT Sloan community. There are also dinners and outings with their partners’ classmates, family holiday parties, and the occasional chance to hitch a ride on one of the international trips—making the time spent at MIT Sloan a fulfilling time for all. “The support system at MIT Sloan is really fantastic. I immediately connected with several of the significant others of students, and the first year is quite a bonding experience. During the summer, while the students were busy at their internships, we met every week at various Boston restaurants, the only requirement being that the place had to have a patio—for excellent outdoor dining, good company, and fun. ‘Patio Tuesdays’ were a great way to spend the summer in Boston and get to know this great group of people who are connected with MIT Sloan.” Kate Rubins, spouse of Michael Magnani, MBA/BEP ’08

clubs Business and Professional Clubs

Sales Club

Sports and Recreation Clubs

Africa Business Club

SEID - Student Entrepreneurs

Entertainment, Media, Sports

Asian Business Club



Hockey Club

Biomedical Business Club

South Asian Business Club

Ping Pong Club

Energy & Environment Club

Venture Capital and Private

Running Club

Finance Club

Equity Club (VCPE)

Ski/Snowboard Club

for International Development

General Management Club

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MIT Sloan Significant Others: http://web.mit.edu/sos MIT Sloan Student Clubs: http://mitsloan.mit.edu/mba/experience/clubs.php

Sloan Soccer Club

Innovation Club

Cultural, Regional, Religious,

Sloan Surfing Club

Investment Management Club

and Personal Affiliation Clubs

Volleyball Club

Israel Business Club

Brazilian Club @ Sloan

Leadership Club

Christian Fellowship

Arts and Culture Clubs

Management Consulting Club

European Club

E52s A Cappella Group

Marketing Club

Japan Club

Tasting Club

MediaTech Club

Korean Society

Vintners Club

Middle East Business Club

Latin Club

Minority Business Club

SJSO — Sloan Jewish

Other MIT Sloan Clubs

Mobile, Media & Internet



MIT TechLink



Sloan LGBT

Technology (MoMIT)

Student Organization

Net Impact

Sloan Women in Management

Operations Management Club



Real Estate Club

Veterans Association

Retail and Consumer Goods Club

Texas Club

Sales and Trading Club

Toastmasters

(SWIM)

Transportation Club

Significant Others of Sloan

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“When I was in São Paulo, I felt so

proud to be an MIT Sloan



student. Our ideas were



really listened to.” Roxanne Chen, MBA ’08

well-adjusted What if the problem you set out to solve isn’t really the problem at all? Such was the situation facing an MIT Sloan G-Lab team working in São Paulo, Brazil with surgical pathology lab Diagnóstika. Originally charged with creating a pricing model for the lab, the students quickly discovered what Diagnóstika really needed was to take a few steps back, to know more about their true financial figures. “Our main focus was always to make sure that we added value for this company in all that we were doing,” says Galen Li, MBA ’08, “One of the many takeaways from this trip was learning that [G-Lab] is not just about going to the site and not just doing what they asked of us, but taking a critical eye and seeing if what they asked of us is what would be best for the company.” Having shifted their objective, the G-Lab team provided a new set of clear, useful, and simple deliverables, including a dashboard that Diagnóstika could use to assess their profits—deliverables that have proved to be useful and accurate. The G-Lab adventure was as beneficial and enlightening for the student team as for the business they were advising. “It was a really great experience, one of my best at MIT Sloan,” says Galen. “We learned a lot, but were also really pleased at what we were able to deliver—and that Diagnóstika was happy with the results.”

openeyes

Adds teammate Ola Olaniyi, MBA ’08, “The experience in Brazil was a great example of the hands-on learning that MIT Sloan emphasizes. Also, the context of a developing economy was an important learning point for me. Looking beyond the numbers to understand the operating environment and building business value and employee loyalty by cultivating personal relationships are immediately applicable to pursuing entrepreneurial ventures in my home country, Nigeria.” “The cross-cultural experience was very important,” says teammate Roxanne Chen, MBA ’08. “I felt I got a lot more [out of the G-Lab experience] than expected. We got work done, but we also had so many precious experiences. Now we have friends in Brazil!”

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Big Easy goes green

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Kyle Maner, MBA ’09 In February 2008, a group of first- and second-year MBA students traveled to Louisiana to help several entrepreneurs develop EcoPark, a New Orleans-based hub of green industries poised to drive the city’s rebuilding efforts toward green and sustainable products and services. Working closely with a local economic development organization,The Idea Village, the group spent three days meeting with entrepreneurs, helping them develop and refine their business models and strategies. Their findings were then presented to a panel of potential investors, government officials, business leaders, foundation representatives, and financial institutions, and all agreed that the work accomplished helped steer EcoPark toward completion. “Working with MIT Sloan students for the first time was a phenomenal experience” says Kim Powe, development and planning strategist for The Idea Village. She says that EcoPark is looking great now and she thanks the students for the support and momentum they gave to the project. “The MIT students were a galvanizing force,” she says. “They were unbelievably positive and professional. I was impressed with their

“The opportunities for leadership are endless.

ability to self-manage and take the bull by the horns.”

There are people who start new clubs. They

Since the trip, MarketLab, a break-off group of the MIT Sloan Marketing Club, has begun

came in and they saw there was not one club

working with The Idea Village to implement a marketing plan that will help highlight

that was exactly what they were looking for

New Orleans as a new center of talent and innovation. Kyle Maner, MBA ’09, says this new partnership is a direct result of the connections she and her teammates made

and said, all right, I’ll start and make it on my

while visiting the city. She also noted that several members of the MBA class of 2009

own … . And the School’s willingness to assist

are now considering relocating to New Orleans, and this, says The Idea Village’s Lauren Baum, is exactly the kind of influx of talent that New Orleans needs. “We have many

them—to assist anyone who comes up with

opportunities that would benefit from the MIT Sloan business-savvy,” she says. “With

an idea—is tremendous.”

this infusion of vibrant, dynamic talent we have the opportunity to transform one of our nation’s oldest, most storied cities into one of our newest and strongest.”

Ido Segev, MBA ’07

leadership curriculum > Literature, Ethics, and Authority

> Issues in Corporate Governance

> Leadership and Change

> Practical Leadership

> Designing and Leading the

> Leading Profound Innovation for a

Entrepreneurial Organization > Leadership in Real Estate > Ethical Practice: Professionalism, Social Responsibility, and the Purpose of the Corporation > Managing in Adversity > Managing and Volunteering in the Nonprofit Sector

More Sustainable Global Economy > Leadership Tools and Teams: A Product Development Lab > Strategic Organizational Design > Tiger Teams > Cross-Cultural Leadership > A New Format for Leaders

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Leadership at MIT Sloan: http://mitleadership.mit.edu

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Sustainability Initiatives: http://mitsloan.mit.edu/sustainability

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Spring Trips: http://mitsloan.mit.edu/mba/experience/spring.php

changing your life An MIT Sloan education is about excelling at theory and practice. It’s about gaining the knowledge and the skills to mobilize a startup or lead world-class organizations. But it can also be about a lot more. It’s about taking advantage of the opportunities and the support the School gives you to go out and make a positive impact on the world. It’s about Global Entrepreneurship Lab, Sustainability Lab, the Global Startup Workshop, the Sloan Entrepreneurs for International Development, Net Impact, and the $100K. It’s about marrying passion and principle. It’s about seeing the world, seeing what can be improved, and working to improve it. It’s about meeting and helping incredible people. It’s about turning a great idea into a wonderful reality. It’s about changing your life.

helping out in honduras Abbie Phelps, MBA ’08 “Over the spring break week, a group of four MIT Sloan graduate students went to Honduras. As one of the poorest countries in the Western Hemisphere, Honduras provides many opportunities for community outreach. Specifically we worked with a partner nonprofit Global Business Brigades (GBB) to help a local business. In January, as a precursor to the spring break trip, GBB hosted a team to assess potential projects. The January assessment team used three criteria for choosing the microenterprise we eventually worked with:

“The wealth of opportunities to apply classroom learning to real world projects has opened my eyes to the practical and diverse applications of business skills.”



1. A high quality product



2. Committed, active leadership



3. Ability to add value within the local community

Using this filter, the APICAN Beekeepers were chosen. This micro-enterprise has 14 partner farmers producing, bottling, and selling honey. The honey is sold both to end-users and to resellers. On the March trip, our aim was to get APICAN closer to

Patricia Sulick, MBA ’08

selling at a national level either through production increases or by suggesting a smaller bottle size and increasing unit volume. We also looked at their overall business model and determined that they were not pricing at a sustainable level to pay wages and replace key equipment.”

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Global Initiatives: http://mitsloan.mit.edu/globalmitsloan

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G-Lab: http://g-lab.mit.edu

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“the possibilities of

what we can do and where we can go with an education from MIT Sloan

are limitless” Sana Keragani, MBA ’07

playing the field There’s a new game in town and it’s being played out on professional baseball diamonds, basketball courts, football fields, and skating rinks. It’s called sports analytics, and it’s fast becoming an important tool for evaluating the players--and the business--of the big leagues. MIT Sloan’s Sports Business Conference explores the competitive advantage analytics provides to teams who work it into their game plans. The result of exemplary teamwork between current students and alumni working in professional sports, the conference also serves to position MIT Sloan at the forefront of the analytics movement. The conference is the brainchild of Daryl Morey MBA ’00 and Jessica Gelman HBS MBA ’03, the conference’s two alumni advisors. Morey taught the School’s popular Analytical Sports Management course until his job as assistant general manager of the Houston Rockets took him away from campus. Because analytics —and MIT Sloan—remains close to his heart, he approached the Entertainment, Media, and Sports Club (EMS) about creating a conference. From there, the EMS leaders picked up the ball and ran with it. Now in it’s second year, the Sports Business Conference has become one of the most popular and influential student-run conferences on campus. Featuring insights from blue-chip panelists from all of the major professional sports, this year’s conference reinforced just how much executives are using analytics to manage their teams’ operations both on and off the field.

opendoors

“We had great panels last year,” says conference co-organizer Jarrod Boland, MBA ’08. “I would say our panels were even better this year. We’re starting to create a bit of a niche culture around this event, which I think is going to be really useful in pushing it forward.” For those students armed with analytics, it looks like the game is on. To hear more on this year’s conference, check out our podcast with the student organizers. http://mitsloan.mit.edu/newsroom/podcasts.php

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MIT Sloan connections

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An MIT Sloan education gives our students everything they need to pursue their life’s work. Our graduates know the theory and the strategy—and they know how to put them into practice. Through their exposure to our innovative curriculum and world-renowned faculty, they build an incredible knowledge base. Through our classes, clubs, conferences, labs, and seminars, they sharpen their leadership skills and gain confidence by applying what they’ve learned to real-world situations. And through our active and committed network of 20,000 MIT Sloan alumni—and 100,000 MIT Alumni—they obtain the mentorship and make the connections that lead them to success in any arena that they choose.

making up ground Daya Fields, MBA ’07 Landing a marketing position in the beauty industry with no prior background is no small feat, but Daya Fields, MBA ’07, used her time at MIT Sloan to do just that. Through various consulting projects, networking, and a good deal of hitting the pavement, Daya transitioned a career in operations and business analysis within the media and entertainment industry to her “dream job” at Estée Lauder Companies. “I consider myself pretty current in business strategy within the world of fashion, skincare, hair care, and cosmetics,” says Daya. “Why not mirror my personal interests with a career?” Daya sees herself as an example of someone who has been able to succeed as a career switcher, and she thanks MIT Sloan in large part for that. “Because I was a mechanical engineering major with a math minor, all of my jobs up until this point had been very technical. I was not going to be able to make a switch to a marketing job for a company I really admired, because I didn’t have any direct experience. Coming to MIT Sloan and using these two years to work on different consulting projects with different brands— and really get my feet wet and knowing the markets I was pursuing—was the best way for me to transition. Highlights of Daya’s transition included a consulting project at Polo Ralph Lauren and a prestigious summer internship with L’Oréal USA, both of which provided her with her first hands-on experience in the beauty industry. But the ultimate payoff is her new position at Estée Lauder in the rotational Presidential Management Program. As one of only six MBAs chosen every other year, Daya will be rotated as a brand manager for three of Estée Lauder’s 24 prestige brands before being placed as a permanent brand manager with one of them. Being chosen for the program means she is automatically on a senior management track. “You get an executive level mentor, and the perks are amazing,” Daya explains. “And it is a program that really fosters you to become an executive level leader within the beauty industry and within the firm.”

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MIT Sloan Alumni Office: http://mitsloan.mit.edu/alumni

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MIT Sloan Sports Business Conference: http://sloansportsconference.com

attracting the best Our employment report statistics reflect the strong demand for our students. The Class of 2007 reported that 97% of the students had a job offer three months after graduation. The largest hiring sector for both full-time and summer employment continues to be service industries, with consulting and financial services attracting the most students. One-fifth of the students accepted opportunities in the manufacturing sector. Students’ interests have also grown in sustainability, with more students choosing to accept full-time opportunities in areas such as energy and non-profit work. The Career Development Office is committed to connecting students with companies. We strive to provide a variety of methods for companies to reach our students, from scheduled interviews on and off campus to resume books to job posting and club events.

“The MIT Sloan experience surpassed my expectations by far! The academics are exceptional, and I strongly believe that the MIT Sloan Sales Club gave me the opportunity to develop my leadership and sales skills and exposed me to new industries and business models. My expe-

betting on technology Garrett Dodge, MBA ’08 Garrett Dodge, MBA ’08, had never even been to a casino when he was chosen for a winter 2007 externship in Las Vegas at Harrah’s Entertainment Inc., the largest owner of casinos in the world. Not a gambler himself, Garrett had little knowledge of the rules and customs of the games at a casino, let alone the inner workings of such a huge company. But then, he says, it was precisely that opportunity to learn something new— to tackle diverse and complicated challenges—that drew him to the job.

rience at MIT Sloan not only supports my long-term career goal to become a well rounded top executive, but also opened my mind to different ways of thinking.”

“It was really surprising to me how interesting it all was,” Garrett says. “They are basically running the largest hotels in the world with 5,000 rooms and 15,000 employees. So the scope of all the things that go on is amazing, and obviously it continues 24-7.” Chosen to research the latest trends in Radio Frequency Identification (RFID), Garrett spent last January studying Harrah’s competitors. The company was so impressed

Felipe de Castro, MBA ’09

with his work that they invited him back over the summer to continue exploring ways for Harrah’s to use technology to increase customer loyalty. For Garrett, it was rewarding to be involved in an industry that is changing so rapidly. “The neat thing,” he says, “is that it is a very large industry that is still fairly immature. When Gary Loveman (the CEO of Harrah’s and himself an MIT graduate) started seven years ago, it was totally fragmented and you didn’t have companies owning more than a couple of casinos; now they are moving more toward where the hotel industry is — with large chains and brand issues and scale.”

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Garrett says that his experience at Harrah’s definitely solidified his desire to be involved

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Career Core: http://mitsloan.mit.edu/mba/career/

learn more

MIT Sloan Career Development Office: http://mitsloan.mit.edu/cdo/

with exploring new ways for companies to utilize technology. “I am less concerned in finding a job in a specific industry than I am with finding a company that is really doing some interesting things with their technology.”

27

recent top employers A.T. Kearney Amazon.com Amgen Apple

C lass of 2 0 0 7 J ob F unctions

Bain & Company Business Developm en

Other

t/ en em g a an M nt ct me u p od lo Pr eve ing D rad &T les a S

t

Banc of America Securities Barclays Bear, Stearns & Co. Booz Allen Hamilton BCG

Op e Man rations / age men Projec t t

Citi Citizens Energy

Consulting/ Strategic Planning

Dell

Marketing/Sa

les

Deloitte Consulting

t en nt tm e es em Inv anag M

“The reason I got my internship in invest-

Deutsch Bank

Genentech

emen

anag

g

nkin

General Electric

t

Goldman Sachs

gy

our strong alumni network. I had alumni

Fidelity

ral M

Ba

any experience in that area—is because of

Gene

ent

ment banking—even though I didn’t have

Information Technolo

ves tm

In

Diamond Mgmt. & Technology Consultants

Google

calling me up every week to prep me for

The HSBC Group

the interviews and help me. The network

IBM C lass of 2 0 0 7 I ndustries

ent

Innosight

Ma na

Intel

nt

Johnson & Johnson

Inv

est

me

t

v Go

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Parith Rungsimanond, MBA ’08

Infosys

gem

king

with the alumni is a very strong bond.”

Lehman Brothers

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ne

/E Oil

L.E.K. Consulting ch

te /Bio

lth Hea rm/ Pha te ta s E l Rea Retail

McKinsey & Company Merrill Lynch Microsoft

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ce ods pa o os d G er e /A kag ive Pac ot m er to um Au ns Co nics ctro /Ele ers put

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more

{

learn more

Employment Report: http://mitsloan.mit.edu/cdo/class08.php

learn more

Corporate Connection: http://mitsloan.mit.edu/corporate

Monitor

Te Tralecomm VC nspor unicat tatio ions /P E/ n/E He quip Ot dg he me eF nt/ r un Def d e

Morgan Stanley nse

Oliver Wyman Oracle The Parthenon Group PRTM Sirios Capital Management Thermo Fisher Scientific UBS Financial Services Wellington Management Company

29

lasting lessons

31

Tom Stocky, MBA ’04, Senior Product Manager, Google As senior product manager at Google, Tom Stocky is positioned at the very forefront of Internet technology. Focused on the APIs and tools that can be found on code.google.com, his team is working to improve the web as a platform for developers, which benefits not only Google, but the Internet as a whole, and he says his experiences at MIT Sloan played a major role in preparing him for the challenges of a career at a tech company so global in scope. “What worked really well at MIT Sloan,” he says “was the balance between theory and application. My classes provided frameworks and supporting research, and then combined that with examples, case studies, and the practical experience of my classmates. To this day, I find myself talking about S-curves and product lifecycles, thanks to Professor Henderson, as well as organizational structure and ‘lenses’ thanks to Professor Fernandez.” Tom also says that his involvement with a number of MIT Sloan clubs was invaluable in giving him hands-on experience and insight. He was a full-time research assistant in the MIT Media lab, the co-president of the entrepreneurs club, and one of the coowners of the Sloan Sweatshirt company, but he says perhaps it was his involvement with the MediaTech Club that had the most impact. “It proved to be really useful to get that exposure to technology leaders,” he says. “The direct interaction we had with

Miguel Valença Pires poses with a Brazilian

people like Phil Schiller, Jeff Raikes, and Jeffrey Immelt is pretty unprecedented. Then

action figure that represents the stellar

there were the Tech Treks, which brought even deeper exposure to the inner-workings of successful tech companies.”

job his classmate Felipe did in organizing the spring trip to Brazil. Over 30 students

Tom maintains his strong connections with the MIT Sloan community, hosting tech treks and E&I groups at Google, and he says he often finds himself calling upon case

from MIT Sloan toured the major metro-

studies and concepts he learned at MIT Sloan. “There’s some magic that happens

politan areas, guided by a team of their

when you combine research-based theory with concrete, real-world case studies. I still

classmates who provided in-depth local

have the course materials for 15.912 and 15.311 on my bookshelves.”

knowledge and contacts.

nobel prize winners

72 members of the MIT community have been awarded the Nobel Prize for contributions ranging from medicine to peace.

more

{

learn more

MIT Nobel Prize Winners: http://web.mit.edu/ir/pop/awards/nobel.html

learn more

MIT Media Lab: http://www.media.mit.edu/

“My visit was an unforgettable one and immensely useful.

It opened my eyes to how special the MBA experience at

MIT Sloan really is.” Adria, visiting applicant

come in, we’re open Visit MIT Sloan and experience the pace, passion and warmth of our culture. Walk around campus. Witness the day-to-day life of our students. Attend an information session hosted by an admissions representative. Talk to alumni. Sit in on a class and get a first-hand impression of the MIT Sloan MBA program. We encourage you to visit campus or attend an event in a city near you.

Fall 2009 - Monday through Thursday Starting September 15, 2008 First Session

9:15 a.m. Register at the MBA Admissions Office



9:30 a.m. Information session with a member of the MBA Admissions Committee

10:15 a.m. Class Visit

12 noon

Lunch with Current MBA students

Second Session

we’reopen

11:15 a.m.

Register at the MBA Admissions Office

11:30 a.m.

Information session with a member of the MBA Admissions Committee



Lunch with Current MBA students

12 noon

1:00 p.m.

Class Visit

Schedule is subject to change. Please consult the web for updates and registration. http://mitsloan.mit.edu/mba/admissions/ambassadors.php

more

{

learn more

MIT Sloan-on-the-Road: http://mitsloan.mit.edu/mba/admissions/attend-event.php

learn more

On-campus Visits: http://mitsloan.mit.edu/mba/admissions/visit.php

33

applying to MIT Sloan Women and men who thrive at MIT Sloan see themselves as thinkers and doers. They want to explore, grow and contribute to our rich and diverse community. They are smart, energetic and want to make the world a better place.

MIT Sloan MBAs dynamic, diverse, and smart MIT Sloan enrolls individuals who demonstrate:

When applying to MIT Sloan, we want you to think introspectively of your past academic and professional endeavors. We want to know how you think, lead and pursue your goals.

> The ability to lead and inspire others > A collaborative spirit – and community focus > Intellectual curiosity and analytical strength

There are several parts of the application. They include: a professional resume, a cover letter in which you describe your accomplishments and include an example of how you had an impact on a group or organization, four essay questions, your academic

> The creativity to find new solutions to existing challenges > Growth in professional and personal endeavors

transcripts and GMAT or GRE test results. (TOEFL scores are not required.) MIT Sloan students come from a over 60 countries and numerous industries and The essay questions for the 2008-09 application are:

functional areas. We have a diverse mix of US citizens, international students and US permanent residents. However, the reality is more interesting than a one-dimensional

1. Tell us about a challenging interaction you had with a person or group. (500 words)

chart can show. There are dual-citizens, multiple language speakers, and students

2. Tell us about a time when you defended your idea. (500 words)

with a wide range of education and professional experiences. Take a look to see

3. Tell us about a time when you executed a plan. (500 words)

where you fit into MIT Sloan.

4. Tell the Admissions committee whatever else you would like us to know. (250 words) MBA Class of 2010 Profile*

For complete instructions on how to complete the application, please visit the online application at: http://mitsloan.mit.edu/mba/admissions/applying.php

Age range

22 - 40

Mean age

28

Work range

0-20

Mean years of work experience GMAT range (middle 80%) MBA Application Deadlines

Tuition and Costs 2008-2009

MBA Round I. ...............................October 28, 2008

Tuition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $46,784.00

MBA Round II............................... January 13, 2009

Books and Supplies . . . . . . . . . . . . . . . . 1,800.00 Computer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000.00

Dual-Degree Application Deadlines

Food . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,460.00

LFM .................................................... December 15, 2008

Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,570.00

HKS............................................................ January 13, 2009

Personal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,808.00

BEP...................................................... December 15, 2008

Mean GMAT

5 650 - 760 709

Females

35%

Males

65%

Citizens Residents Internationals

55% 6% 39%

Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,764.00



Transportation . . . . . . . . . . . . . . . . . . . . . . . . 2,496.00

Africa

Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250.00

Asia

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $75,932.00

Europe North America

1% 25% 9% 57%

Oceania

1%

South America

7%

Undergraduate Degree



Business and Commerce

23%

Computer Science

10%

Engineering

30%

Humanities, Arts and Social Sciences

30%

Science and Math

7%

*as of June 1, 2008

35

financial aid MIT makes financial support available to graduate students from a variety of sources and in several different forms including loans, merit awards, and scholarships, and teaching and research assistantships.

MIT Sloan is committed to the future. This viewbook was printed on 100% recycled paper. The following are environmental savings realized by using recycled stock rather than virgin stock. Every little bit helps.

Some forms of support are granted solely on the basis of merit; others are granted on the basis of financial need, a combination of merit and need, or on other factors such as named awards by alumni or benefactors. Once you are admitted, the financial aid office will work with you to make a financial plan. 121.89 trees preserved

merit awards Merit Scholarships Toward the end of each academic year, MIT awards grants to outstanding graduating students based on academic performance and community service. The Class of 2004 Diversity Scholarship Knowing that the overall student experience is enhanced by having a widely diverse student population, this fund was established through the generous class gift donations of the MBA Class of 2004 to attract students to MIT Sloan with unique work experiences, educational endeavors, or national backgrounds that are less represented at MIT Sloan. Seley Scholarship Considered the highest award the MBA Program can give, the Seley Scholarship recognizes outstanding leadership, professional promise and contribution to MIT Sloan, as well as high academic achievement.   Henry B. DuPont III Scholarship Henry Ford II Scholarship Miriam Sherburne Scholarship Based upon leadership and contribution to MIT Sloan, some level of academic achievement is considered. The Sherburne Scholarship, which was funded by alumni/ae contributions, includes a larger emphasis on widespread contribution to student life.   Martin Trust Community Fellowships These awards are very strongly tied to community contribution and some level of academic achievement is considered. The Petersen Award This award is a class gift dedicated to the memory of a classmate. It has been designated for someone who has been active in the MIT Sloan community. The Forte Scholarship Program This scholarship was established to provide support for outstanding women admitted to MBA programs who show potential for business leadership or ownership.

New Zealand Fulbright-Platinum Triangle Scholarship Award in Entrepreneurship This scholarship has been created, with the support of the government of New Zealand, the Swindells Foundation, and other private philanthropists in both New Zealand and the U.S., to provide talented New Zealanders with the opportunity to study towards a Master’s degree at a U.S. university, as well as gain professional work experience in the U.S. and in New Zealand.

51,776 gallons wastewater flow saved

5,729 lbs solid waste not generated

11,280 lbs greenhouse gases prevented

86,339,600 BTUs energy not consumed

Savings from the use of the emissions-free wind-generated electricity that produced this paper represents of air emissions not generated and

2 barrels crude oil unused. This is equivalent to planting

5,861 lbs

396 trees and

not driving 6349 miles. Calculations provided by Mohawk Fine Papers Inc.

Peter Englander Scholarship This scholarship is given to a citizen of the United Kingdom who can demonstrate financial need. The McKinsey Award Each year, four MIT Sloan MBA students are chosen to receive the McKinsey Award based on application materials and in-person interviews. Recipients must have demonstrated academic excellence and professional and community leadership. Trust Scholarship The Trust Family Foundation has established a need-based scholarship to fund the first-year tuition of an alumnus/a of Cooper Union who has graduated within the past seven years. Thomas and Lorraine Williams Fellowship This fellowship is awarded to a graduate of Georgia Institute of Technology who can demonstrate financial need. Educational Loans for German Students The Education Fund provides financial assistance to qualified and highly motivated students from Germany. The support covers tuition fees plus a monthly living allowance. For further information, please contact www. bildungsfonds.de

Booz Allen Hamilton Sponsorship Program for Women in Europe Any woman enrolled to study at MIT Sloan who has a strong interest in working in one of Booz Allen Hamilton’s European offices for the summer is eligible to apply.

Sainsbury Management Fellowships The Sainsbury Management Fellowship Scheme, funded by the Gatsby Charitable Foundation, enables engineers of high career potential to undertake courses at major international business schools. It is expected that award holders will go on to become senior managers and leaders in UK industry and make a major contribution to the economic prosperity of the nation. Each Fellowship covers the cost of one year’s course fees.

The Paul and Daisy Soros Fellowships for New Americans The purpose of the Paul & Daisy Soros Fellowships for New Americans is to provide opportunities for continuing generations of able and accomplished new Americans to achieve leadership in their chosen fields. The national program awards thirty fellowships each year.

Scholarships for Brazilian Students In recent years, many of our Brazilian students have been able to support their studies in the MIT Sloan MBA Program through grants from the following foundations: Fundação Estudar http://www.estudar.org.br/ASP/ default.asp Instituto Ling http://www.institutoling.org. br/windows/default.asp

The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment. The Institute does not discriminate against individuals on the basis of race, color, sex, sexual orientation, gender identity, religion, disability, age, veteran status, ancestry, or national or ethnic origin in the administration of its educational policies, admissions policies, employment policies, scholarship and loan programs, and other Institute administered programs and activities, but may favor US citizens or residents in admissions and financial aid.*

The Vice President for Human Resources is designated as the Institute’s Equaal Opportunity Officer and Title IX Coordinator. Inquiries concerning the Institute’s policies, compliance with applicable laws, statutes, and regulations (such as Title VI, Title IX, and Section 504), and complaints may be directed to the Vice President for Human Resources, Room E19-215, 617-253-6512, or to the Coordinator of Staff Diversity Initiatives/ Affirmative Action, Room E19-215, 617-253-1594. In the absence of the Vice President for Human Resources or the Coordinator of Staff Diversity Initiatives/Affirmative Action, inquiries or complaints may be directed to the Executive Vice President, Room 3-211, 617-253-3928, or to the Director of Labor and Employee Relations, Room E19-235N, 617-253-4264, respectively. Inquiries about the laws and about compliance may also be directed to the Assistant Secretary for Civil Rights, US Department of Education.

*The ROTC programs at MIT are operated under Department of Defense (DOD) policies and regulations, and do not comply fully with MIT’s policy of nondiscrimination with regard to sexual orientation. MIT continues to advocate for a change in DOD policies and regulations concerning sexual orientation, and will replace scholarships of students who lose ROTC financial aid because of these DOD policies and regulations.

writer: Michelle Choate contributors: Sarah Foote, Sean McCarthy, Mary Tamer editors: Julie Strong, Pam Spencer, Michael Perrone photographers: Sarah Foote, Stuart Darsch, Jeremy Gilbert, Evan Kafka, Mike La Rosa design: Marc Harpin, Rhumba printing: Universal Millennium Inc.

PSB 07-10-0895

http://mitsloan.mit.edu/mba

MIT Sloan School of Management MBA Admissions 50 Memorial Drive, Suite E52-126 Cambridge, MA 02142-1347 Telephone: 617.258.5434 Facsimile: 617.253.6405 Email: [email protected]