MIT Sloan School of Management

Mission	To develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.
Established	1914
Official name	Alfred P. Sloan School of Management
University	Massachusetts Institute of Technology
School type	Private
Dean	Richard L. Schmalensee
Location	Cambridge, MA, USA
Enrollment	976 graduate, 263 undergraduate

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The MIT Sloan School of Management is one of the five schools of the Massachusetts Institute of Technology, located in Cambridge, Massachusetts, USA.

MIT Sloan is one of the world's leading business schools, conducting research and teaching in finance, entrepreneurship, marketing, strategic management, economics, organizational behavior, operations management, supply chain management, information technology, and many other fields. MIT Sloan alumni include prominent leaders in business, government, and academia. Its faculty has conducted some of the seminal work in management theory, yielding several Nobel prizes.

1 About the MIT Sloan School of Management
2 History
- 2.1 Student Life
- 2.2 Deans
3 Prominent faculty
4 Notable alumni
5 See also
6 External link

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About the MIT Sloan School of Management

The MIT Sloan School of Management offers bachelor's, master's and doctoral degree programs. The MIT Sloan MBA program matriculates students every year from more than 60 countries. It also offers the widest range of electives (174) and according to US News, is ranked#1 in more disciplines than any other business school in the country. It is also the only major MBA program to offer its students an option to complete a formal master's dissertation, allowing them to opt for the academically advanced S.M. degree (professional Master of Science) in Management Science. In addition to its professional programs, MIT Sloan also offers a Ph.D. program aimed at preparing doctoral students for roles in business academia.

MIT Sloan is home to a number of research centers, including the MIT Entrepreneurship Center, the Financial Engineering Lab, the MIT Center for eBusiness, the System Dynamics Group, the Operations Management Group, and the Center for Innovation in Product Development. It also publishes the peer-reviewed management journal MIT Sloan Management Review.

MIT Sloan also runs a number of specialized programs. The Leaders for Manufacturing program is a dual-degree partnership program run by both the Sloan School and the MIT School of Engineering that caters to students who are interested in manufacturing and operations careers. LFM students earn both an MBA (or optionally an SM in Management Science) from the Sloan School as well as an SM in any participating engineering department at MIT, all within a 24 month timeframe. Currently, every engineering department except the Nuclear Engineering department participates in the LFM program.

The Sloan Fellows program is an management program that caters to students with significant managerial experience. Depending on the curricula they choose, students can earn either an MBA, a SM in Management Science, or a Master's degree in the Management of Technology in either 1 or 2 years of full-time study. MIT's Sloan Fellows program absorbed the now-defunct Management of Technology program.

The Systems Design and Management program is a joint program run by both the Sloan School and the Engineering Systems Division of MIT, in which students are awarded a joint SM degree in Engineering and Management. Note that this is a single degree as opposed to the dual-degree that can be obtained through LFM. The SDM program can be completed either on a 13-month full-time basis, or through a 24-month part-time distance learning option.

The Biomedical Enterprise Program or BEP is a joint partnership program run by the Sloan School and the Harvard-MIT Division of Health Sciences and Technology. Students can either complete the BEP program in conjunction with the regular Sloan program or the Sloan Fellows program and earn a SM degree in Health Sciences and Technology in addition to an MBA or SM in Management Science. The BEP also offers those who already hold a graduate degree in management the option of earning a 1-year SM degree in Health Sciences and Technology.

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History

The Sloan School began in 1914 as the engineering administration curriculum (or "Course XV" in the MIT parlance) in the MIT Department of Economics and Statistics. The scope and depth of this educational focus have grown steadily in response to advances in the theory and practice of management to today’s broad-based management school. A program offering a master’s degree in management was established in 1925. The world’s first university-based executive education program - the Sloan Fellows - was created in 1931 under the sponsorship of Alfred P. Sloan, Jr., himself an 1895 MIT graduate, who was chairman of General Motors and has since been credited with creating the modern corporation. A Sloan Foundation grant established the MIT School of Industrial Management in 1952 with the charge of educating the "ideal manager", and the school was renamed in Sloan's honor as the Alfred P. Sloan School of Management.

Since then, the School has grown to the point where management has become the second largest undergraduate major at MIT. In 1990, the MIT Entrepreneurship Center was founded at Sloan, one of the only business school entrepreneurship centers in the world focused on high tech. It sponsors both the MIT $50K Entrepreneurship Competition as well as the popular and unique Entrepreneurship Lab and Global Entrepreneurship Lab courses, which sponsor MBA students to work on-site with start-ups throughout the world.

Throughout its history, analytical and academic rigor have been important traits of the school. The completion of a dissertation was previously an Institute-wide requirement for all master's students. An exception was made for Sloan students in 1995, and the School began awarding the MBA degree entirely on the basis of coursework. While some members of the MIT community felt that removing the disseration requirement would reduce the educational merit of the degree [1], it was accepted since this was the practice at all other major business schools. The School continues to offer the SM degree for students who choose to complete master's dissertations, but the vast majority of students now study for the MBA degree.

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Student Life

Tang Center

The MIT Sloan culture is similar to, but also distinct from, overall MIT culture, and is influenced most strongly by its MBA program. Most classes are taught in the recently built Tang Center, although the school's live trading room is located in the basement of the original Alfred P. Sloan building. Courses are taught using both the case method as well as through lectures and team projects. Coursework is considered extremely rigorous by business school standards, with a greater emphasis on analytical reasoning and quantitative analysis than most top programs.

Academic rigour has a strong influence on the school's culture. The first semester, also known as the core, is the hardest of all semesters by design. Last years the students and faculty expressed solidarity against the core by wearing t-shirts that said "think outside the core." This year, the students placed their name-cards upside-down during the weeks where the workload was particularly demanding.

A staple of MIT Sloan life is the weekly C-Function, which stands alternately for "cultural function" or "consumption function". The School sponsors food and drink for all members of the MIT Sloan graduate community to enjoy entertainment organized by a specific campus cultural groups as well as parties with non-cultural themes. These functions are held every Thursday, often in the Walker Memorial building next to the school. MIT Sloan students and alumni are informally nicknamed Sloanies.

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