This year marks the completion of the third year of our five-year plan for preeminence. We continue to revise and innovate in the areas of curriculum, facilities, productivity, research, development, and public awareness.
Glen L. Urban
Associate professor: Erik Brynjolfsson
Steven Graves, Abraham Siegel Professor of Management
Donald Lessard, Epoch Foundation Professor of Management
Paul Healy, Nanyang Technical University Professor of Management
Don May, Nanyang Technical University Career Development Assistant Professor of Management
Edward Bowman, Visiting Professor of Management, Wharton School, University of Pennsylvania
Anirudh Dhebar, Visiting Professor of Marketing, Harvard Graduate School of Business
Alan Marcus, Visiting Professor of Finance, Boston College
Philip Parker, Visiting Professor of Marketing, INSEAD, France
Jay Ritter, Visiting Professor of Finance, University of Illinois
Michael Tushman, Visiting Professor of Management, Columbia University
James Hines, Visiting Associate Professor
Janice Klein, Visiting Associate Professor
Kevin Rock, Visiting Associate Professor
G. Peter Wilson, Visiting Associate Professor
Dimitris Bertsimas, John Hauser, Robert McKersie, Edward Roberts, David Scharfstein
Deborah Ancona, Michael Cusumano, Lawrence Wein, Paul Healy
Professors Anantaram Balakrishnan, Ella Edmondson Bell, S. Lael Brainard, John Core, Paul Resnick, Karl Ulrich
Donna Behmer promoted to Senior Associate Dean, Finance and Administration
Anne Drazen promoted to Assistant Dean and Chief Technology Officer
Hillary DeBaun, formerly associate director of the Undergraduate Program, left Sloan to become Team Leader for MIT Student Services Center
David Weber, formerly director of Educational Services, left Sloan to join the MIT Reengineering Team
Lucinda Hill, formerly deputy director of the Master's Program, now director of Educational Services
Robert Halperin, formerly executive director of the Center for Coordination Science, now director of Executive Education
Ellen Corwin, systems analyst, Sloan Technology Center
Patrice Diaz-Migoyo, systems analyst, Educational Services
Susan Funke, manager, Corporate Resource Center
Karen Harnett Gribbell, assistant director, Master's Program
Anita Killian, associate director, Resource Development
Melissa LaBarge, project manager, Lemelson-MIT Prize Program
Paul Michelman, director of publications, Office of Communication
Roanne Neuwirth, assistant director, 21st Century Initiative
Laurie Pass, circulation manager, Sloan Management Review
Susan Petrie, business manager, Sloan Management Review
Scott Street, senior project manager, Sloan Technology Center
Each year the Admissions Office aims to find and recruit the best, most innovative leaders of the future from across the U.S. and around the world. The complex challenges of the next generation will demand a wide variety of skills; as a result, we recruit the most diverse class possible.
Continue to emphasize recruitment of women and under represented minorities
Reengineer admissions procedures to more effectively and efficiently meet growing demand
Increase presence on World Wide Web
To enhance the goodwill of Sloan alumni by enabling them to stay connected to each other, the School, and ongoing opportunities for professional and personal development.
Development of a new Alumni Advisory Board
Continued development of new fee-based services and revenue generation activities, including a memorabilia business and on-line alumni courses
Enhancement of web-based programs and services
High Tech Career Fair (Sloan Resource Center): 10 companies and 70 students
Banking Day (New York, NY): 15 banks and 100 students
Career Development Seminars
Industry-specific Career Options Seminars
Average Number of Interviews: 12
Average Number of Offers: 3.4
Median Total Compensation: $102,500
Median Starting Base Salary: $78,000
Median Starting Base Salary - Consulting: $85,000
Median Starting Base Salary - Manufacturing: $71,200
Investment Banking: 17%
Operations/Project Management: 17%
Booz-Allen & Hamilton: 9
Boston Consulting Group: 8
Implement fall recruiting for the first time
Work with Career Tracks and student clubs on the development of CDO services while managing continued growth in the size of the student body
Continue outreach to new companies
Organize additional industry-focused career fairs
Increase the marketing of the School's resources and leveraging off the Institute
Strengthen existing partnerships with the Graduate Alumni/ae Program, undergraduate reunion giving, and regional staff
Continue to develop closer working relationships with corporate development and Industrial Liaison offices
Increase Sloan's interaction with the foundation relations office around joint strategies. We believe there is growing potential support from foundations for business education that has not yet been tapped.
Educational Services manages the infrastructure of the academic process, providing operational support for students and faculty, producing materials for program management and classroom teaching, managing information systems for student enrollment and registration, and facilitating communication between students and faculty.
As MIT moves to electronic course registration, the Educational Services team will work with the Registrar to guarantee that systems for both work well in tandem.
Support for Executive Education will open new fronts as distance learning is explored.
Focus will remain on streamlining student services, as the student population again increases; goal is to find new ways to provide even higher quality service to a larger client base.
The Lemelson-MIT Prize Program raises awareness of and encourages young people to pursue careers in invention, innovation, and entrepreneurship through the presentation of the annual Lemelson-MIT Prizes and a comprehensive public education program.
The goal of Sloan's Office of Communication is to clarify, coordinate, and broadcast key messages that demonstrate the preeminence of the School. Innovating the form, content, and processes of communication for stronger impact, better coordination, and greater cost effectiveness, the Office made progress on a number of fronts last year:
Sloan Management Review, the business school's quarterly peer-reviewed journal, has had a successful year:
To create a partnership of faculty, staff, students and corporations dedicated to the support of a changing infrastructure, the teaching of the best information technology practices; and innovating, planning, analyzing, implementing, and promoting lifelong technology learning within our electronic community.
All Master's Program/MBA students are now required to have a personal computer. Students with laptops can plug into classrooms, lounges, breakout rooms and common areas around Sloan.
Increasing Sloan's presence in videoconferencing through broadcasts of campus speakers, increased classroom use, alumni/ae meetings, and lunches with faculty members.
Increased usage of technology in management education (TIME) with web-based groupware and administrative systems.
Development of custom classes delivered as a combination of live Web-based material, discussions, tapes, CDs and videoconferences.
44 seniors majoring in management science graduated, with the options:
Information Technologies: 13
Marketing Research: 7
Operations Research: 4
Behavioral Science: 1
Undergraduate Program graduates also receiving bachelor and master of engineering degrees from:
Department of Electrical Engineering and Computer Science: 11
Department of Chemical Engineering: 2
Graduates simultaneously awarded SB degrees in Management Science and:
Master of Engineering degrees in Electrical Engineering and Computer Science: 6
Bachelor's degree in Electrical Science and Engineering: 3
Bachelor's degree in Electrical Engineering and Computer Science: 2
Bachelor's degree in Chemical Engineering: 2
Bachelor's degree in Economics: 2
Bachelor's degree in Mathematics with Computer Science: 1
Spring 1996 enrollment: 139
Total students with declared options: 115
Information Technologies: 41
Marketing Research: 17
Operations Research: 5
Behavioral Science: 2
System Dynamics: 1
Students with management science as their second SB department: 39
Undergraduate enrollments in management subjects: 784 (98 FTEs)
Hillary De Baun
1995 applications: 408 (55 admitted, 48 enrolled)
Average age: 28
Average work experience: 4.2 years
Partner-sponsored students: 15
Total 1995-96 enrollment: 88
1995-96 graduates: 43
Employed in U.S. manufacturing companies: 88%
Number of job offers (unsponsored students): 5.5
Alumni/ae Workshop, Spring 1996, San Francisco
Industry Leaders executive education course (pilot program), November 1995
Learning Tools Committee has developed 12 cases which are used by industry and in classes.
The Leaders Program and MIT assumed a leadership role in the National Science Foundation-sponsored Next Generation Manufacturing Project (NGM), which seeks to develop an industry-based view of the future and specific examples of new business practices and technologies.
The LFM-spearheaded National Coalition for Manufacturing Leadership (NCML) has 14 members, including new members University of California/San Diego and Northwestern. Having helped establish dual-degree manufacturing programs at Michigan and Obispo, MIT continues to assist Arizona, Georgia Tech, New Mexico, Penn State, and Pomona in their programs.
Stephen C. Graves
William C. Hanson
David E. Hardt
To create and deliver a small MBA program based upon collegiality and teamwork, an international focus and a diversity of cultures and interests. The innovative and integrative curriculum aims to provide a strong analytical foundation to management, encourages the interplay of ideas and their practical application, and allows students to design an individualized educational program exposing them to leading edge research and practice.
Establishment of a peer tutoring and advising program to promote student-to-student mentoring.
Initiating community service projects and seminars in which students participate in various volunteer activities in the Boston/Cambridge area.
Coordination of six international study trips and academic seminars during the spring term of the academic year.
Continued inviting corporate and industry leaders to work with students through the career management track activities and through interaction with many of the Sloan student organizations such as the Leaders Club, Finance Club, Marketing Club and New Ventures Association.
Project Team, a student organization focusing on team-building skills, organized several successful seminars for fellow students.
The Management of Technology (MOT) Program prepares executives to shape the role of technology in industry and government. The goal is to provide students with solid disciplinary foundations and integrative experiences, expanding their skills as change agents and problem-solvers.
Incoming class largest ever (52) with the most women enrolled (8)
More company visits to be arranged
International trip will be to Beijing, Hong Kong, and Taipei
Closer collaboration with LFM sponsors will allow more senior executives to enroll
One videoconferenced Seminar in Management (guest speaker) to be arranged
To educate future technical leaders in systems engineering/architecture and the conception and design of complex products and systems, preparing them for careers as the technically grounded senior managers of their enterprises. The program is a joint offering of the School of Engineering and the Sloan School of Management, leading to a Master of Science in Engineering and Management.
Beginning January 1997, the program will offer two tracks: one 13-month on-campus program and one 24-month program with a hybrid of on-campus and off-campus instruction.
To be the preeminent provider of high-quality programs for senior managers and executives in the United States and around the world.
Short Courses--We are creating a richer variety of short courses targeted to the specific needs we see emerging in industry, particularly in the areas of organizational learning, product development, and corporate finance.
Distance Learning--We are completing a state-of-the-art distance learning facility on campus. Our goal is to use this interactive medium to leverage the worldwide impact of our faculty and extensive contacts with industry.
Research--Industry tells us that one of Sloan's key advantages in the educational marketplace is the future-oriented perspective provided by its research programs. Thus, we have reaffirmed our commitment to maintaining and expanding our research base as a means of adding value to our educational programs.
Links to other parts of MIT--Current joint programs (Management of Technology, Systems Design, and Leaders for Manufacturing) serve as a foundation for additional cross-campus collaborations.
1995 applicants: 372
Admitted: 27 (33% from U.S.; foreign applicants from 53 countries, the majority from China, India, Korea, Taiwan, Canada, and Italy)
Enrolled: 12 (9 men, 3 women), in the following areas:
Behavioral & Policy Sciences: 3
Finance & Accounting: 2
Management Science: 7
Majority of graduates pursue academic careers at Harvard, Cornell, and the University of Pennsylvania
The MIT Sloan Visiting Fellows Program provides the opportunity to pursue full-time, non-degree studies tailored to individual goals and interests. Each Visiting Fellow's program of study, usually for one or two semesters, is designed in consultation with a faculty adviser to meet individual professional needs and interests.
This program has in the past enrolled four to six participants a semester. However, demand for the program has increased over the past two years, with enrollment almost doubling each year. Regular sponsors of participants include Schlumberger and The Bank of Tokyo-Mitsubishi, Ltd.
Coordination science and technology draws upon a variety of fields including economics, computer science, organizational theory, information systems, management science, and psychology. The Center for Coordination Science conducts multi-disciplinary research aimed at improving the coordination and integration of work performed by people, firms, and computers.
CEEPR conducts policy-related research in energy and environmental economics, drawing on faculty and student resources from the Sloan School, the Department of Economics, and the Energy Laboratory. An important component of CEEPR is the Joint Program on the Science and Policy of Global Change, jointly conducted with MIT's Center for Global Change Research.
With the help of a three-year grant from the National Science Foundation, the Joint Program has initiated a new research effort on the interaction of local and global pollution. This research is driven by the recognition that local pollution will be acted upon much sooner than greenhouse gas emissions and that local pollution is a significant contributor, positively and negatively, to global warming.
Continue to expand the four current thrusts of our research: global warming, emissions trading, productivity change in the supply of energy, and electric utility restructuring.
Initiate preliminary research on the use of vertically and horizontally related futures in the crack spread in petroleum and in what is anticipated to become the "spark" spread in electricity markets.
A. Denny Ellerman
Established in 1974, CISR investigates critical issues concerning the management and use of information technology in complex and dynamic organizations. Faculty associated with the Center have conducted pioneering research in such areas as decision support systems, critical success factors, database systems, strategic IS planning, end user computing, executive support systems, and coordination technology.
Originally established as the International Financial Services Research Center in 1988, the FRC provides its partners with access to MIT faculty to discuss specific finance issues relevant to their businesses. It also encourages involvement in faculty research on topics of mutual interest, as well as in educational programs on financial management and engineering. The Center also hosts conferences on current financial issues in finance and underwrites a Discussion Paper series for sponsors. The Center has been extremely successful in providing value to sponsor firms through discussions with faculty and focused research relationships.
Research and educational programs focus on:
Corporate Finance--Includes capital budgeting, optimal financial policy, tax strategies, corporate risk management and hedging strategies, corporate disclosure strategies, and investor communications.
Risk Management--Includes financial modeling, statistical analysis, data management, and organizational aspects of risk assessment and control.
Working with today's innovative managers, we seek to invent the way successful businesses will be organized in the next century. The Initiative is a joint project of the Center for Coordination Science, the Center for Information Systems Research, and the Organizational Learning Center.
The MIT Center for Organizational Learning, established in 1991 as a sponsored research center at the Sloan School, is a consortium of organizations working to advance the state-of-the-art in building learning organizations.
Redesign process guided by all major stakeholders of the Center, including Consortium CEOs, Liaison Officers, MIT faculty, and OLC staff
The implementation of a public Web site in July 1996 (http://learning.mit.edu)
The ORC provides educational and research opportunities for students and faculty interested in the interdisciplinary field of operations research, which draws upon ideas from engineering, management, mathematics, and psychology to apply scientific methods to decision-making.
Finalize revisions to OR doctoral program
Initiate new fundraising venture
Organize 1 to 2 day OR seminars as fundraising projects
The MIT Program on the Pharmaceutical Industry (POPI) was founded in 1991 as a research and education program focused on understanding the structure and dynamics of the global pharmaceutical industry: the pharmaceutical firms, their suppliers, customers and regulators. POPI seeks to improve the performance of the pharmaceutical industry and reduce the cost of healthcare by lowering product costs and decreasing the time it takes to bring new products to patients.
MIT has begun a major manufacturing technology initiative in collaboration with Purdue University, the Sigel division of Jacobs Engineering, and several pharmaceutical companies. This industry/university Consortium for the Advancement of Manufacturing in Pharmaceuticals (CAMP) is dedicated to the identification, research, and development of new manufacturing technologies. Its objective is to improve healthcare delivery by lowering product cost and decreasing time it takes to get new products to patients. At this time, four major pharmaceutical firms have committed to join CAMP; discussions are underway with others.
System dynamics is a method for studying the world by looking at things as a whole--understanding how all the objects in a system interact with one another. System dynamics generates behavior as observed in an actual economy from the interactions of local structures and decision-making policies, building a bridge that joins microstructure with macrobehavior.
MIT Reports to the President 1995-96