executive class of 2018 Challenge convention. Challenge yourself.
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1 THE MIT executive MBA class of 2018 Challenge convention. Challenge yourself. 1
2 Leverage the MIT edge Sloan mission The mission of the MIT Sloan School of is to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice. The Executive MBA taps MIT s deep roots in innovation, research, and management to give you an edge, in any marketplace, in any economy. Here, you will boost your capabilities with data-driven tools grounded in the science of management. You will increase your impact on your organization and the world with a strategic set of business fundamentals. And you will accomplish all this in a collaborative environment among world-class peers. CHALLENGE The EMBA is designed for rising executives who are looking to challenge themselves, to challenge convention, and to challenge their field. You will develop the tools and the confidence to take the right risks at the right time and to create innovative solutions to historic problems. BROADEN With cross-industry learning, leading-edge research, and collaboration with renowned faculty and peers, you will broaden your perspective. Empowered with cutting-edge tools and methods, you will solve complex challenges and seize strategic opportunities. IMPACT Through real-world projects in the classroom and out, you will immediately integrate what you learn with how you perform on the job. The EMBA emphasizes action learning, delivering impact for you and your company right from the start of the program. The MIT EMBA at a glance The EMBA schedule is designed to maximize your learning while complementing your work and home life. 20 months Mid-career MBA 26 weekends Classes every third week on Friday/Saturday 4 one-week modules Week-long module every 6 months 1 week-long international project trip March 17-25, 2018 Orientation September 16-17, 2016 Classes BEGIN October 22, 2016 Application Deadlines (Opens October 1, 2015): Round 1 Deadline: January 4, 2016 Round 2 Deadline: March 11, 2016 Round 3 Deadline: June 1,
3 During the program you will collaborate with MIT s thought leaders and develop Capabilities Strategic Priorities the advanced management capabilities you need to realize your strategic priorities. Integrative Principled Leadership Change Leadership, Leadership Development, Innovation, Strategic Direction SIMON JOHNSON Ronald A. Kurtz (1954) Professor of Entrepreneurship Professor of Global Economics and Global M a n ag e m e n t Growth, Strategic Direction, Operational Excellence TRANSFORM YOURself and Your COMPANY As a teacher, research fellow, author, past IMF chief economist, and member of the Congressional Budget Office s Panel of Economic Advisors, Simon Johnson is an influential global thought leader in banking and finance. Johnson is particularly excited about his research work at MIT. Financial M a n ag e m e n t Marketing S t r at egy Growth and Profitability, Risk, Competitive Advantage Profitability, Market Share, Competitive Advantage With 78 Nobel laureates, MIT is the world s center of innovation and leadership. Over the last half-century, MIT Sloan has defined the science of management and engineered innovations that have changed the face of business. System dynamics, marketing science, McGregor s Theory X You will learn from some of the most brilliant minds on the planet, collaborate with a cohort of proven leaders motivated to improve the world, and suddenly realize how much you have to gain. Matt Graziano 13 Program Director General Dynamics C4 Systems Nelson Repenning Professor of Science and Organizations Studies and MIT EMBA Faculty Director Nelson Repenning s work focuses on understanding the factors that contribute to the successful implementation, execution, and improvement of business processes. He has received several awards for his work, including the International System Dynamics Society s Jay Wright Forrester award. His current research interests include safety in high hazard production environments and the connection between efficient internal operations and effective strategic positions. GEORGIA PERAKIS William F. Pounds Professor of Professor of Operations Research and Operations Systems T h i n k i n g Operations M a n a g e m e n t Entrepreneurial Strategy Data Driven D e c i s i o n - M a k i n g Operational Efficiency, Competitive Advantage, Service Excellence Service Excellence, Operational Efficiency, Optimization Innovation, Entrepreneurial Advantage, Growth and Profitability Growth and Profitability, Operational Excellence, Risk and Theory Y, and the Black- Scholes derivatives pricing model all began here. Georgia Perakis uses optimization models to solve complex problems in transportation, pricing, and revenue management research that has earned her many accolades, including the CAREER Award from the NSF and the PECASE award from the Office of the President on Science and Technology. Organizational Behavior Change, Organizational & Strategic Design 4 5
4 STUDENT EXPERIENCE The MIT Ecosystem You are encouraged to engage in a variety of forums in which people connect, broaden perspectives, expand knowledge, and spark new opportunities. Outside the Classroom The MIT EMBA is an entire experience. Outside of the classroom you are part of the MIT ecosystem, which includes a rich set of extracurricular activities and resources across MIT, the Sloan School of, and the EMBA program. MIT Opportunities $100K Competition Venture Mentoring Services Martin Trust Center for Entrepreneurship Research Labs Media Lab Conferences (e.g. MIT PE, Sustainability, CFO, CIO) Worldwide Alumni Network Networking With Post Docs MIT SLOAN Opportunities Guest Speakers Sloan Senate Dean s Student Advisory Council Weekly Social & Cultural Events Industry Conferences and Panels Mentoring Clubs Networking with Faculty and Students None of us are here just for the diploma. We re here to learn, we re here to collaborate, we re here to do great things together. emba Opportunities Student Fireside Chats Studentorganized Interest Groups Career Development Guest Speakers Rosalind Sullivan 13 Chief Financial Officer Cenegenics Medical Institute SO Weekend, Family Weekend, Bring Your Boss to Campus Social Events Leadership Coaching Networking with Classmates and Alumni 6 7
5 Program components The MIT EMBA core curriculum provides you with an advanced management foundation, which you then amplify with specialized electives and projects that align the program with your own learning priorities. Program Design The program is designed around a flexible schedule that enables busy executives to balance work and personal life with a strategic investment in their career. Weekend classes usually meet once every three weeks, with a week-long module every six months. 1 Weekend Sessions The 26 weekend sessions meet all day Friday and Saturday and are usually spaced three weeks apart. These sessions provide iterative engagement with the program courses and an opportunity for you to work with classmates and build on one another s experiences. Analytical Frameworks Applied Economics Data, Models, and Decisions Organizational Processes Business Essentials Competitive Strategy Financial Accounting Financial System Dynamics Leading Organizations Global Strategy Marketing Operations 2 Executive Modules The four executive modules are each seven to eight days long and spread six months apart. They offer an immersive experience during which you will realize the benefits of being a full-time student at MIT. The executive modules combine intensive classwork, collaboration with classmates on projects, and evening events and speakers that build a tight bond within your MIT community. Executive Modules Leadership and Integrative Innovation-Driven Entrepreneurial Advantage (IDEA) Leading in a Global Context Leading With Impact 3 AC T I O N LEARNING Action Learning projects are central components of classes. They give you an opportunity to immediately apply the methodologies you learn to your company. Midway through the program you will spend five months in Organizations Lab (O-Lab) working individually on a change project in your own organization. The capstone project is Global Organizations Lab (GO-Lab), featuring team engagement and international field study to help global firms solve cross-border management challenges. ACTion learning Projects Innovation-Driven Entrepreneurial Advantage (IDEA) Project Organizational Processes Project Organizations Lab (O-Lab) Global Organizations Lab (GO-Lab) 4 Electives Electives provide an opportunity to deeply explore specific areas of interest. There are three periods during which you will take electives: January 17, January 18, and Spring 18 as many as six electives total. Topics, which vary from year to year, focus on advanced material and cutting-edge research. EMBA students may also take advantage of full cross-registration privileges at Harvard and in MIT s full-time programs. SamplE Elective Classes The Analytics Edge Power, Influence, and Negotiation Applied Macroeconomics and International Institutions Pricing Key Decisions for Corporate Boards Risk Law and Strategy for the Senior Executive Topics in Corporate Finance 8 9
6 Program Schedule SEP OCT NOV DEC SU M T W TH F S SU M T W TH F S SU M T W TH F S SU M T W TH F S mit executive MBA COURSE OF STUDY TERM 1 Leadership and Integrative Integrating General Perspectives Exploring Challenges of a Multinational Organization A Organizational Processes Organizational Behavior: The Three Lenses Behavioral Perspectives on Organizational JAN FEB MAR APR SU M T W TH F S SU M T W TH F S SU M T W TH F S SU M T W TH F S MAY JUN JUL AUG SU M T W TH F S SU M T W TH F S SU M T W TH F S SU M T W TH F S TERM 2 A Applied Economics for Managers Microeconomics: Firms and Markets Economic Analysis of Corporate and Policy Decisions Innovation Driven Entrepreneurial Advantage (IDEA) New Product Innovation in the MIT Ecosystem Entrepreneurial Strategy A Competitive Strategy Strategies for Competitive Advantage Modern Strategic Data, Models, and Decisions Driving the Business through Best-practice Quantitative Methods Data-driven Decision Making Financial Accounting Accounting for Corporate and Investment Decisions Analyzing Financial Statements Electives 1 & 2 Choose from a variety of advanced topics and specialized courses SEP OCT NOV DEC SU M T W TH F S SU M T W TH F S SU M T W TH F S SU M T W TH F S TERM 3 A A Operations Global Operations Strategies Supply Chain Introduction to System Dynamics Systems Thinking and Modeling Organizational Design and in a Dynamic World Leading Organizations Organizational Settings and Dynamics Change Leadership for the Rising Executive JAN FEB MAR APR SU M T W TH F S SU M T W TH F S SU M T W TH F S SU M T W TH F S TERM 4 A Organizations Lab (O-Lab) Change Implementation amid Organizational Resistance Features full-semester in-company project Marketing Market Segmentation Marketing Strategy Leading in a Global Context Macroeconomics: Global Markets and Strategy International Policy and Economic Environment of Firms Financial Corporate Finance and Capital Markets Corporate Financing Policy and Risk MAY JUN SU M T W TH F S SU M T W TH F S WEEKEND SESSIONS ELECTIVE WEEKENDS EXECUTIVE MODULES ORIENTATION WEEKEND COMMENCEMENT G0-LAB TERM 5 A Global Organizations Lab (GO-Lab) Strategic Solutions to Global Challenges Features six-month host company project and one-week international project trip Global Strategy Understanding Company Performance in a Global World Managing Effectively in Today s Interconnected World Electives 3, 4, 5, & 6 Choose from a variety of advanced topics and specialized courses A Leading With Impact Combining and Integrating Learnings across Courses Maximizing your impact in for profit and not-for profit organizations. 10 A ACTION LEARNING COURSE 11
7 43% 10, % 2,501-10,000 13% 501-2,500 10% COMPANY SIZE (EMPLOYEES) 59% Northeast 10% Mid-Atlantic 7% West 9% Southeast 2% Midwest GEOGRAPHY 34% Director 18% C-level 24% Vice President SENIORITY Elite Peer Group Your peers in the program quickly become trusted allies. As experienced business leaders, they represent a wide cross-section of industries, roles, and nationalities, resulting in rich, crossfunctional perspectives and productive collaborations. 3% South 18% Other 17% Fewer than 100 Class of 2017 at a Glance 120 global executives 17 average years of work experience 82% director-level and above 51% international origin 43% 10, % 2,501-10,000 13% 501-2,500 10% % International 40 average age 52% advanced degrees 17% Fewer than % non-local (outside driving radius) COMPANY SIZE (EMPLOYEES) 100% employed full-time 3% Senior 3% Founder 59% Northeast 10% Mid-Atlantic 7% West 9% Southeast 2% Midwest 3% South 10% International GEOGRAPHY industry Transportation Food/Hospitality Advertising Construction 34% Director Consumer Products Media/Publishing 18% C-level Retail Aerospace/Defense Education/Non-Profit Government/Military 24% Vice President Energy/Mining/Chemicals Consulting 18% Other 3% Senior SENIORITY 1% 1% 2% 2% 2% 2% 2% 3% 4% 5% 7% 8% MIT s team-based Executive MBA takes place in two cohorts of 60 students where each student is part of a diverse eight-person learning group. 3% Founder Financial Services 18% 43% 10, % Northeast % 2,501-10,000 10% Mid-Atlantic 13% 501-2,500 COMPANY SIZE (EMPLOYEES) 7% Software/Technology West 9% Southeast 20% GEOGRAPHY 2 10% % Midwest 3% South 1 17% Fewer than % International 3 Healthcare/Life Sciences 23%
8 Energy Healthcare / Life Sciences JOIN A NETWORK brian Jackson Education / Not-for-profit Joan LaRovere Unrivaled Network At the heart of the program is the opportunity to join an elite forum for innovation, collaboration, and leadership, and a tight-knit network of 125,000 MIT alumni. OF IMPACT Engineering and Procurement Manager Chevron Physician and Co-director of the Cardiovascular Clinical Outcomes Program Boston Children s Hospital Steve Krubiner Class of 2015 Lovisa Afzelius Software / Technology Financial Services Chief of Staff J Street Entertainment/ Gaming Michael Jerlecki Head of Computational Precision Medicine Pfizer Traci Corazin Class of 2015 General Manager Stations Casino Head of Sales Amazon Education Amazon.com Aerospace Mike rowell Class of 2015 CEO Efinancial Automotive Annely Guzman Alissa Seiple Ryoji Tachibana Noel Zamot Co-Founder The SpringLeap Lab Managing Partner Metanoia Capital Group Coordinator Toyota Motor Engineering & Manufacturing North America Founder and President Corvus Analytics Marc badiane Class of 2015 START-UPS Donna Levin Mike McCullough Class of 2015 Manufacturing Paul Fermo Founder, Chairman and CEO Atlantic Capital America, Infiny Technologies Co-founder Care.com Internet Director Global Business Development GE Air-Sea Branch Chief, Force Application Division, Joint Chiefs of Staff U.S. Navy Government / Military 14 15
9 CAPTURE THE VALUE Mission-driven Results Start-ups and innovations born out of the MIT EMBA By the Numbers: 57% were promoted or took on additional responsibility during the program More than 10% pursued entrepreneurial ventures and started new companies before graduation PROGRAM IMPACT The MIT EMBA empowers you with a unique learning experience that immediately integrates what you learn with how you perform on the job. It creates a cohort of colleagues who challenge you to consistently excel, who give you the confidence to do more. By joining a community that thrives on interdisciplinary collaboration and healthy debate, you will enrich the most pivotal years of your career. The outcome will be measured by your capacity to lead change and have a lasting impact on your industry. BrightBytes Hisham Anwar EMBA 12, Rob Mancabelli EMBA 12 BrightBytes was started by EMBA 12 classmates Rob Mancabelli and Hisham Anwar to improve the way schools learn through individualized, research-based analysis. Over the course of the 20-month program, they turned BrightBytes from an abstract concept into a commercial product where about one in five U.S. schools now uses the software. Building Impact Diana Brennan EMBA 14 Ceo Inspiring service that changes lives, Building Impact has helped over 600 companies and over 20,000 individuals volunteer right in the buildings where they work and live. Led by EMBA 14, Diana Brennan, Building Impact s Connect Program is creating a large-scale network of corporate citizens and civic participants building by building. Massachusetts General Hospital Todd Astor EMBA 15 Medical Director of Lung and Heart-Lung Transplant With a focus on patient care and satisfaction, Dr. Todd Astor, EMBA 15, used his Organizations Lab class to nearly triple the volume of patients treated in his lung transplant outpatient clinic. Astor brought operational efficiency while maintaining Massachusetts General Hospital s high standard for patient health and satisfaction. Show of hands Tony Bacos EMBA 12, Amjad Hussain EMBA 12 Show of Hands is a social polling platform that enables companies to ask questions that are answered by thousands of people around the country. With over 740,000 downloads the app gained national attention
10 What sets this program apart is a distinct focus on global teams and how to move an industry forward. Apple expects me to stay current technically and to make strategic business decisions. The best place to gain skill and confidence in both areas is in the MIT EMBA program. Kathleen Bergeron 13 Vice President, Hardware Engineering Apple profile of an MIT EMBA Student: Mid-career professional with 10+ years of work experience Track record of extraordinary impact and leadership Motivated to make a difference in your company, industry, or community Aptitude for success in a rigorous program Team player eager to join a tight-knit, proactive cohort CHECKLIST Register your interest at emba.mit.edu. Talk to your employer. Attend an admissions event. Start your application. Contact your recommenders. Order your transcripts. Sloan Leadership Fellowship The MIT Executive MBA is committed to assembling a class of diverse leaders with extraordinary potential. Every year we award a number of Sloan Leadership Fellowships to accepted students who have demonstrated extraordinary potential in areas that add diversity to the Executive MBA, including (but not limited to) not-for-profit organizations, government, and women s leadership. All admitted students are considered for Sloan Leadership Fellowships. deadlines Application Opens: October 1, 2015 Round 1 Deadline: January 4, 2016 Round 2 Deadline: March 11, 2016 Round 3 Deadline: June 1, 2016 Orientation: September 16-17, 2016 Classes Begin: October 22, 2016 FINANCIAL AID Once you are accepted into the program, MIT has a dedicated financial aid office that will work with you to understand your /mit_emba_program bit.ly/mitemba 18 19
11 THE MIT emba Broaden your perspective and your network Increase your impact and your brand MIT Sloan School of Massachusetts Institute of Technology 238 Main Street, Suite 500 Cambridge, MA mitsloan.mit.edu register your interest
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