The On-Site Sikorsky MBA. Rensselaer Polytechnic Institute Lally School of Management & Technology

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1 The On-Site Sikorsky MBA Rensselaer Polytechnic Institute Lally School of Management & Technology 1

2 Welcome & Agenda David Rainey, Ph.D. - Acting Dean & Professor of Practice John Maleyeff, Ph.D. - Associate Dean & Professor of Practice Michael Bozzi - Program Manager Donald Pendagast - Program Manager 1. Rensselaer Polytechnic Institute & Education for Working Professionals 2. Our Vision for MBA Education 3. The Sikorsky MBA 4. The Admissions Process 2

3 Rensselaer Polytechnic Institute & Education for Working Professionals

4 RPI Working at the Frontiers of Science, Engineering, Technology &Leadership. Rensselaer Continues to Develop Answers to the World s Most Pressing Challenges: - Global Leadership; - Engineering and Computational Science; - Energy and the Environment; - Nanotechnology and Advanced Materials; - Biotechnology and the Life Sciences; and - Experimental Media and the Arts. 4

5 RPI History & Ranking Founded in 1824, Rensselaer is the nation s oldest technological research university. Graduates totally over 90,000 worldwide. Pioneered advances in virtually every arena. Ranked 50 th in the nation U.S. News and World Report. Ranked 4 th on The World s Best Engineering Schools Business Insider. 5

6 Dr. Shirley Ann Jackson Ph.D. in Theoretical Elementary Particle Physics, Massachusetts Institute of Technology. Dr. Jackson is RPI s 18 th President. She is one of the Foremost technological leaders in the world. She is the former Chairman of the U.S. Nuclear Regulatory Commission and member of the U.S. President s Council of Advisors on Science and Technology. She has been described by Time Magazine as perhaps the ultimate role model for women in science, President Jackson has held senior leadership positions in government, industry, research, and academe. 6

7 RPI s Hartford Campus Advancing the capabilities and effectiveness of working professionals since Dedicated to advanced professional education for leaders and professionals. Cutting-edge content flows from research strengths and scholarship. Real-world practices based on faculty knowledge and experiences. Over 20,000 graduates. 7

8 Our Vision for MBA Education

9 Grand Challenges & Global Changes Today, the world is changing at an accelerating rate as the social, political, ethical, economic, technological and environmental underpinnings of the global economy change almost on a daily basis. Sam The sense of normalcy and stability seems to be a fleeting memory; relentless change is the new norm and staying ahead of change is the new imperative. Business leaders and technical professionals cannot depend on the old ways of thinking and antiquated methods for achieving success in our more complicated world. 48 9

10 The New Realities Business is played out on a global stage and on a global scale; Market demand is less predictable and more volatile; Competition is more severe with new competitors in developing countries; Global supply chains, interconnections and interrelationships promote economic exchanges and opportunities, but they also bring new vulnerabilities; and Corporations are much more dependent on relationships that span great distance geographically and culturally. 10

11 Typical Global Supply Network Rensselaer EMBA 11

12 The New Norm Change will be ever present with businesses in constant flux as people are affected along social, economic, political, technological, ethical and environmental dimensions; Broad-based decision making needs to look beyond (but not ignore) short term market and financial objectives; Interconnected smaller enterprises will replace large vertically integrated corporations; A much more robust understanding of culture, politics, laws, and regulations will be required of future business leaders; and Future leaders will need to be global citizens. Rensselaer EMBA 12

13 The Goal of Sustainability A sustainable enterprise integrates all strategic business units and their value delivery systems, related industries, and partners; it nurtures all of the relationships with customers, employees, and other stakeholders. It necessitates ensuring that all decisions are in concert with creating business value and achieving sustainable success. Given that many of the most critical resources are limited or constrained, it is imperative that visionaries and innovators address the challenges and initiate strategic innovations to create the new solutions that mitigate the effects and impacts of resource constraints. 13

14 The Rensselaer Difference International reputation with global connections. Cutting-edge research and newto-the world innovations. Entrepreneurial mindset for leading change. Practical, real world perspectives and solutions. Supported by Rensselaer s global reputation as one of the premier technological research universities in the world. Interactive learning with real world faculty scholars. 14

15 The Sikorsky MBA

16 Our Educational Goal We strive to educate MBA students so that each will become: Capable of understanding the complexities of the global economy; Confident in their abilities and knowledge; Courageous to lead change within their organizations; and Creative in developing innovative solutions. 16

17 The MBA Curriculum Credit hours: 45 Program duration: 3½ years Start Date: Nov 5, 2012 Pace: Two 3-Credit Courses Per Semester Class Frequency: Each course meets one evening/week Class Duration: 12 weeks per course Class Time: 5:30-9:00 PM each session Concentration: Global Enterprise Management 17

18 MBA Curriculum Topics Traditional business topics w/new perspectives: Accounting (how to interpret financial performance to drive decision making, including new international standards); Organizational Behavior (how to mobilize culturally diverse people in complex enterprises located around the world); Information Systems (how to choose and make best use of systems to manage activities in a global supply network while encouraging market responsiveness); Financial Management (how to determine financial strength of an organization with money flows across international economies); and Business Strategy (how to craft medium and long term plans that need to be flexible in response to the dynamic global economy). 18

19 MBA Curriculum Topics Contemporary tools and techniques required to manage complexity: Statistical Methods that separate important events from randomness to manage performance and to help navigate an increasing number of risks; and Economic principles & models that concern the complex relationship among costs, process, demand, and other internal and external factors that impact business success. 19

20 MBA Curriculum Topics The evaluation and deployment of existing and emerging technologies to satisfying customer needs: Manufacturing and Service Operations (how to effectively organize and manage the creation of goods and services in a Lean system that maintains Six Sigma quality); Innovation (how to design and develop incremental and radical new products and services); and Business Implications of Emerging Technologies (how to identify the newest technology trends and take action to bring them to market). 20

21 MBA Curriculum Topics A set of international electives that round out the curriculum with up-to-date coverage of global business: Macroeconomics and the International Environments of Business; Global Business and Social Responsibility; International Operations; and Cultural Environment of International Business. A Practicum in Management course that brings MBA knowledge to bear in a project that assists a charity or non-profit organization. 21

22 Special Features for Sikorsky Plenty of opportunities to apply course material to your workplace. A group of full-time faculty who have experience teaching employees of Sikorsky and other UTC divisions. Ability to interact one-on-one with faculty members about your unique workplace challenges. Course material that is broad but specifically addresses challenges at Sikorsky. Single academic and single administrative point of contact. 22

23 MBA Schedule ( ) FALL 2012 (Nov Feb) MGMT-6040 Creating and Managing an Enterprise I MGMT-6100 Statistics and Operations Management I SPRING 2013 (Apr Jun): MGMT-7740 Accounting for Reporting and Control MGMT-6290 Macroeconomics & Int l Environment of Business 23

24 MBA Schedule ( ) FALL 2013: MGMT-6020 Financial Management I MGMT-7750 Global Business and Social Responsibility SPRING 2014: MGMT-6140 Information Systems for Management MGMT-7710 Cultural Environments of Int l Environment Business 24

25 MBA Schedule ( ) FALL 2014: MGMT-7050 Design, Manufacturing, and Marketing I MGMT-6390 International Operations SPRING 2015: MGMT-7060 Design, Manufacturing, and Marketing II MGMT-6060 Business Implications of Emerging Technologies 25

26 MBA Schedule ( ) FALL 2015: MGMT-6840 Practicum in Management MGMT-7730 Economics and Institutions SPRING 2016: MGMT-7030 Strategy, Technology, and Competition 26

27 EWP Faculty Relevant Business Experience Applied Research & Scholarship Practice-Oriented Educational Focus Sought After Consultants Practical & Current Knowledge Acclaimed Authors & Thinkers Internationally Recognized Experts Ongoing Global Connections Rensselaer EMBA 27

28 The Admissions Process

29 Admissions Process Applications can be submitted and reviewed within about 3 weeks. Submit Your Application Submit Your Credentials Admissions Committee Review 29

30 Web Based Application 30

31 Statement of Goals Why are you considering the pursuit of an MBA degree? What do you hope to achieve through the MBA program? What can you bring to the classroom that enhances understanding among your peers and the faculty? Typically 1-2 Pages Are there any unique personal experiences and/or professional goals that the Admissions Committee should know about? 31

32 Test Scores or Evaluation GRE or GMAT, or Personal Potential Index (PPI) - PPI requires 3-years of experience; and - PPI requires 5 evaluators from 3 different organizations. 2 Letters of Recommendation - Required only if providing GRE or GMAT; - Letters are submitted electronically directly from the Recommender; and - Letters are typically completed by academic or professional supervisions (or high level peers). 32

33 Resume Provides us a glimpse into your professional experience. Be sure to include your current position. Be sure that it includes every major accomplishment, both academic and professional. Be sure that it is organized in a clear, concise manner. 33

34 Official Transcripts Sent directly to us from all undergraduate and graduate university/colleges you have attended. Unofficial copies (i.e. downloaded copy) can be submitted to expedite the review process, but Official copies are required for enrollment. 34

35 Immunization Forms Not required for an admissions decision. Required for registration by the State of CT. 35

36 Tuition and Financial Aid Academic Year (UTC): $1,390 per credit-hour. Cohorts receive fixed tuition rate. Reimbursement and payment plans. Federal Loans. Veteran s benefits (e.g. Yellow Ribbon Program). Deferment of existing student loans. 36

37 Key Admissions Support Program Managers - Michael Bozzi - Donald Pendagast Program Administrators - Jennifer Franklin - Sue Kramer (860) Financial Aid Administrator - John Gonyea 37

38 Our motto here is, Why not change the world? And when we say that to our [students], we are paying them the ultimate compliment. - Dr. Shirley Ann Jackson, President Students are the most important element of our educational enterprise. We would like you to be part of the Rensselaer experience. 38

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