MBA Advising and Course Bidding Information.

Transcription

1 MBA Advising and Course Bidding Information

2 Agenda ADVISING MBA Degree Requirements SIP and Leadership Requirements Core Follow on and Extended Core Courses Academic Advising BIDDING Bidding schedule/logistics Course bidding information Course Information Resources Q&A

3 SUMMARY OF DEGREE REQUIREMENTS, MIT SLOAN MBA CLASSES OF 2013 and 2014 Complete the Fall MBA core. Complete 144 graduate (G or H) level elective units, in addition to the core Complete SIP and Leadership requirements Maintain a B (4.0) GPA (4.0/5.0) Enroll in 4 consecutive semesters at MIT Sloan

4 COURSE CREDIT MBA students may register for up to 54 units/semester The following classes taken in the first semester count toward the elective requirement: Finance Theory I (9 units) Introduction to Operations Management (9 units) Marketing Management (9 units) Competitive Strategy (9 units) Introduction to Technological Entrepreneurship, Intro to Practice of Finance, or 15.S03 Introduction to Enterprise Management (3 units) Up to three non-sloan graduate level courses at either MIT or via cross-registration at Harvard can count towards the elective degree requirement Up to 12 units can be completed in each Independent Activities Period (IAP)

5 SLOAN INNOVATION PERIOD (SIP) Complete 8 SIP units Fall 2012 CS.100 Ethics, Values and Voice (1 unit) CS.xxx (1 unit) Optional 0.5 unit of ES.xxx 6 total units of ES.xxx 2 units maximum each remaining semester Workshops taken in one semester cannot be repeated for credit in another

6 IAP S20* IAP/SPRING 2013 ELECTIVES THAT MEET THE LEADERSHIP REQUIREMENT (IAP) Leadership Lessons Learned from the Military (formerly titled Management and Leadership) 15.S55 (IAP) Distributed Leadership Workshop Spring Ethical Practice Advanced Managerial Communication Discovering Your Leadership Signature Strategic Organizational Design Dilemmas in Founding New Ventures 15.S02 Cross Cultural Leadership 15.S03 EnActing Leadership: Shakespeare and Performance 15.S22 Practical Leadership

7 TRACK REQUIREMENTS FOR SPRING Entrepreneurship and Innovation: Spring: New Enterprises Entrepreneurial Strategy (H2 6 units) Spring SIP: ES.580 Silicon Valley Study Tour (2 units) Enterprise Management: Spring: complete all of the following not taken during Core semester Introduction to Operations Management Marketing Management Competitive Strategy Finance: Spring: Finance Theory II, begin fulfilling general and specialized elective requirements Track members do not receive priority in bidding for courses, remember to bid competitively.

8 CERTIFICATE IN SUSTAINABILITY Can be completed in conjunction with a Track No enrollment necessary Spring 2013: it is recommended but not required that you take Strategies for Sustainable Business Sustainable Business Lab System Dynamics I (recommended to be taken along with S-Lab) Begin completing other requirements.

9 CORE FOLLOW-ON CLASSES DMD: Data Analysis for Management, Statistical Consulting, The Analytical Edge COMMUNICATIONS: Advanced Managerial Communication FINANCE: Finance Theory II ACCOUNTING: Management Accounting and Control ECONOMICS: Applied Macro- and International Economics I, Applied Macro- and International Economics II OP and MARKETING do not have a single formal follow on course. Check with faculty and course listings for options.

10 EXTENDED CORE CLASSES Applied Macro- and International Economics (6 units) Finance Theory I (9 units) Strategic Human Resource Management (9 units) Introduction to Operations Management (9 units) Marketing Management (9 units) Competitive Strategy (9 units) Other topics to consider for breadth, Negotiation, Law, Entrepreneurship, IT, System Dynamics, International Management, Global and Sustainability Labs

11 ADVISING RESOURCES AT MIT SLOAN Cohort Advisor One-on-one academic and personal counseling for students throughout the year Your goals and objectives at Sloan Selecting classes to broaden your perspectives, and deepen your knowledge Prerequisites and course sequencing Degree requirements Extracurricular activities Referrals to other academic/personal resources throughout MIT 2 nd Year MBA Students Pilots, Track and Club Leaders Career Development Office Core faculty and TAs

12 ADVISING RESOURCES AT MIT SLOAN MBA Advise-o-rama Thursday December 13 11:00 a.m. to 2:00 p.m. E Course selection assistance - Academic planning - Advising appointments - Resource room

13 ACADEMIC ADVISORS E Amy DiMattia Caribbean Pacific Maura Herson Baltic Mediterranean Dawn Peters Atlantic Indian

14 Course Bidding Information

15 Spring 2013 Bidding Schedule: Round IA Graduating Sloanies MBA '13, SF, LGO '13, MFin, MSMS, Sloan Ugrads Minors and Majors '13 Open 9:00 a.m., Monday, December 3 Close 5:00 p.m., Monday, December 10 Round IA results posted on Thursday, December 13

16 Spring 2013 Bidding Schedule: Round IB Non-Graduating Sloanies MBA '14, LGO '14, SDM, VF, Sloan PhD, Sloan Ugrads Minors and Majors '14-'16 Open 9:00 a.m., Thursday, December 13 Close 5:00 p.m., Thursday, December 20 Round IB results posted on Thursday, January 3 (Bidding rounds are not time sensitive. When you bid during the round does not affect your bidding success)

17 Spring 2013 Bidding Schedule: Round II All MIT Students Open 9:00 a.m., Thursday, January 3 Close 5:00 p.m., Thursday January 10 Round II results posted on Monday, January 14 (Bidding rounds are not time sensitive. When you bid during the round does not affect your bidding success)

18 Spring 2013 Bidding Schedule: Section Swap Round- All MIT Students Open 9:00 a.m., Monday, January 14 Close 5:00 p.m., Monday, January 21 Successful Swaps posted at the conclusion of the round (This is a time sensitive round as it does not involve point bidding but rather real time swapping of sections. Less than 5% of students participate in this round)

19 Spring 2013 Bidding Schedule: Waitlist Round- All MIT Students Open 9:00 a.m., Wednesday, January 23 Close 5:00 p.m., Wednesday, January 30 Waitlist results posted on Friday, February 1 (Bidding rounds are not time sensitive. When you bid during the round does not affect your bidding success. Less than half of students participate in this round) Unsuccessful Round I and Round II bids do not become waitlist positions. You must bid in this round to be placed on the waitlist for a closed course

20 Bidding Refreshers Each student will be given 1000 points with which to bid on classes during Rounds I and II. You are encouraged to allocate all 1000 points in Round I. In Round II Sloan students will receive a point refund... Point Refund is based upon lowest successful bid for your priority. Successful bids are determined by priority and then points. A second year MBA bid will always "win" over a first year MBA bid. A bid between two first year MBAs will be decided by who bid the most points (if bid same amount, "winner" is chosen by lottery). Unsuccessful bids do not become as place on the waitlist.

21 Bidding Refreshers (con t) Minimum bid is 0 points, maximum bid is You cannot bid for units exceeding your credit limit. You can modify bids throughout an open round, including adding and dropping. Bid buttons will start disappearing as you approach your unit limit (54 units) and will disappear completely once you ve used all your points. If you are in China/India Lab or a Study Tour, you will be enrolled in the bid system and your unit limit decreased accordingly. Recheck your bids prior to exiting the system! All bids are resolved simultaneously at the end of each round.

22 Bidding Refreshers (con t x2) Classes that fill from Round IA will still appear in Round IB and Round II. You will be able to bid on closed courses (see next slide on Bidding on Closed Courses ) in Round II but not Round IB. In Round IB and Round II, compare (remaining) seats to class capacity Capacity will be listed as 20/86. This means that there are 20 seats filled (and 66 seats remaining to bid upon) Bid early in the round to allow time for questions If you do not see a course you want to bid upon, check the schedule to see if it has a restriction code. You are only able to bid upon courses that are available to your program/status. However, the system does not stop you from bidding for courses that you do not have the pre-requisites for. It is your responsibility to make sure you have the requisite prior enrollment to take the course.

23 Bidding Strategy: Bidding on Closed Courses In Round II, you are still able to place a bid on a class with no open seats. If a seat becomes available through a drop, then the class will be open for bidding. When bidding on a closed class in Round II, your options are: Assign your bid points to that course early in the round and complete your bidding (if the course never opens, your bid points will be lost, but you will get a new 1000 points for the waitlist round) Assign your bid points early in the round but check back a few hours before the round closes and reallocate your points based on the status of the class

24 Point Refunds in Round II In Round II Sloan students may receive refunded points: If you bid for a class and did not win a seat, you will get all your points back. If you bid on a course in Round I and did not receive a seat, and it is open in Round II, this is because someone dropped their seat in Round II Dutch bid refund- you were not the lowest bidder for your priority. Successful bids are determined by priority and then points. It is to your advantage to bid competitively for all classes in Round I. During an open round, you will be refunded full bid points for any course you choose to drop.

25 Viewing Bid Results Available on the bidding web site at the start of the next Round Check results carefully, especially in sectioned courses -- you may not have received your first choice If you bid for a course and do not see it listed under My Enrollments or My Bids and Courses, then your bid was not successful.

26 Viewing Bid Results through My Bids and Courses tab. Enrollment = Successful bids. Courses you got through bidding. Waitlist = Appear at the end of the waitlist round. Indicates your rank on the waitlist. Bids = Active bids placed during Rounds I, II, or Waitlist Round. Pending Swaps = Section swap requests. If request is accommodated, section change reflected in Enrollment. Successful bids appear on Spring On-Line Registration Waitlist positions will not appear

27 Reading the Course Schedule Note the Restriction codes - the system will not allow you to bid on courses restricted to other programs [see next slide for list of restriction codes] Capacity (seats) will be an important part of your point allocation strategy Keep in mind that seats available in Round IB will change due to Round IA bidding H1/H2 (first half, second half) and full term courses are all bid for simultaneously A restriction code of P : read front page of Sloanbid for enrollment instructions

28

29

30 Bidding Strategy: Section Options Four options when choosing a sectioned class: Only this section Any section of this class Other sections meeting at the same time Other sections with same instructor Bid for only one section per class Bid system can create a conflicting schedule

31

32 How does the system resolve sectioned bids? The system resolves each section individually, based upon the bids placed on THAT section IF seats remain in one section, the system will then look at the options chosen across the other sections (any section, any section at the same time, etc.) and fill remaining seats It is possible (and probable) that sections will close at different 'selling values' [based on instructor and/or time offered]

33 Section Swaps If you receive a section that you don't want, your options are: to drop the class and rebid points on a different open section in Round II to drop the class and rebid points on a waitlisted section(s) to attempt to swap the section during the section swap round Faculty are encouraged to conduct section swaps before admitting from the waitlist

34 Section Swaps Submit your request for a swap during the Section Swap round. The system will check periodically for a match to your swap. If the swap is made, you will receive an notification indicating so. If your request is not accommodated by the conclusion of the round, faculty will receive a list of unaccomodated section swaps. You should check in with the faculty in February regarding your status.

35 Waitlists for Closed Classes Waitlists are a part of the bidding system, using student prioritization and point allocation Waitlist Round opens after Round II for closed class waitlist bidding only. A list of closed Sloan classes will be posted on the Sloanbid website. A closed course is any course after Round II bidding that has fewer than 10 seats available Each student receives 1000 points for waitlist bidding. You can be enrolled in 54 units of courses through bidding and still be on the waitlist for more units. However, you can never be registered for more than 54 units. Waitlist use is at faculty discretion

36 Important Information about Round I bids and the Waitlist Round For overenrolled courses (i.e. courses with a large number of unsuccessful Round I bids), we add students waitlist bids to their Round I bids to determine their spot on the waitlist (i.e. if a student bid 500 points in Round I and did not get a seat and bids 1000 points in the waitlist round for that same course, the total waitlist bid will be calculated internally as 1500). We will only consider Round I bids and only consider bids on the same section (i.e. both the Round I bid and the waitlist bid must be for the same section to be added together). The standard bidding rules for priority and points, though, will remain. The list of courses impacted will be published prior to the Waitlist Round. The list of courses impacted last Spring are available under the Course Information Resources guide.

37 Important Information about Round I bids and the Waitlist Round Spring 2012 Courses The Analytical Edge A Global Economic Challenges How to Develop Breakthrough Products and Services A Intro to Operations Management B Pricing (Closed Course List can be found under the Course Information Resources link)

38 Bidding Strategy: Assess the Market! Talk to peers -- what is your market? Your class? Note the different schedules that will be targeted Research Course Bulletin (note pre-requisites) Sloanbid Closed Class List (under the Course Information Resources tab) Course Evaluations Syllabi/Flyers Faculty Bios

39 Bidding Strategy: Considerations Plan out course schedule, considering such options as: name brand professor popular time offered Course capacity information - more seats in one section than another? How many seats are remaining after Round IA? Allocate all 1000 points in Round I. Many classes will close at the end of Round I. Do not plan your bidding strategy based upon a point refund for Round II.

40 The course market varies from semester to semester bid amounts change depending upon student interest, program enrollment, instructors, and the combination of courses offered

41 The course market varies from semester to semester.yeah, but I was the worst bidder ever during SIP. Everyone laughed at me. Can't you tell me what to do?

42 Course Information on Sloanbid Announcements Offerings Course information resources Course Evaluations Course Catalog Course descriptions, syllabi, flyers Bidding guidelines Harvard Cross-Reg info

43 Click header to sort by Course Number Default is 10. Change to 250. Syllabus Link Instructor Info Pre-req Information

44 WebSIS Pre-registering for all Spring non-sloan, MIT courses and some IAP courses (opened December 3 rd ). There is no bidding for nonsloan courses. WebSIS and SloanBid do not talk during bidding. You can bid for 54 units and enroll in additional MIT classes through WebSIS. You will have to reconcile your registration though in February Viewing current registration Sloanbid only reflects bidding history. WebSIS reflects your actual enrollment. Use WebSIS once the semester begins. Grades, bursar s account, address updates

45 Harvard Cross-Registration You do not bid for Harvard courses. Harvard has its own registration processes. Bid strategically for a full course load at Sloan (you will not know if you get a seat in a Harvard course until after bidding) Access Harvard cross-registration information and helpful links from the course bidding web site

46 Independent Activities Period (IAP) '13 Information You can register for up to 12 units during IAP. Non-Sloan IAP graduate courses count toward your 3 course graduation limit. 15.S20 (IAP) - [Fulfills the MBA Leadership Requirement] All students pre-register through WebSIS ( beginning December 3 rd. 15.S21, 15.S24, 15.S25, 15.S50, 15.S58, 15.S59 - All students pre-register through WebSIS ( beginning December 3 rd. 15.S40 (undergrad), 15.S54, 15.S57, and 15.S60 - There are special instructions listed for these classes listed on the IAP website at 15.S55 (IAP) - [Fulfills the MBA Leadership Requirement] Registration for this course is for Sloan Masters students only and by lottery through the bidding system starting on December 3 rd (Sloan Fellows, MBA second years, MFins, MSMS) or December 13 th (MBA first years). o To sign up for the lottery, bid 0 points for the section you are most interested in attending (section assignment will follow the regular rules of bidding). If you bid more than 0 points, it will not increase your chances of gaining a seat, and it will take away from the points you can allocate for your Spring courses. o 15.S55 (IAP) is worth 6 units, but on the bid system, it will be worth 0 units. This is to ensure that those signing up for 15.S55 do not have their Spring unit limit affected. See for information about signing up for Sloan related classes or for information about campus-wide activities.

47 More details Read the Front Page when visiting the bidding site for important course information and updates (schedule changes listed at top of page) Read s throughout bidding Browse all data on -- there s more to learn!

48 Spring 2013 Important Dates Full term & H1 classes begin: Tuesday, February 5 SIP: Monday, March 18 Thursday, March 21 H2 begins: Monday, April 1 Last Day of Classes: Thursday, May 16 Final Exam Week: Monday, May 20 Friday, May 24

49 Questions? Scott Alessandro, Associate Director Sloan Educational Services (SES), E