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Sloan Fellows

From Wikipedia, the free encyclopedia
This article is about the management program for business leaders. For the fellowship for early-career scientists, see Sloan Research Fellowship.

The Sloan Fellows program is a middle and senior-career master's degree program in general management and leadership offered at MIT, Stanford University, and London Business School (LBS).

Initially supported by a grant from Alfred P. Sloan, formerly CEO of General Motors, the program was established in 1930 at the now MIT Sloan School of Management. It was expanded to the Stanford Graduate School of Business (GSB) in 1957, and London Business School in 1968.

Considered to be one of the most prestigious management training programs in the world, it targets experienced and established leaders. Notable alumni include Kofi Annan, former United Nations Secretary-General and Nobel Peace Prize Laureate; John Browne, Baron Browne of Madingley, former chairman and CEO of BP and member of the British House of Lords; and Carly Fiorina, former CEO of Hewlett-Packard.

History

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The Sloan Fellows Program was created at the MIT Sloan School of Management in 1930, by Alfred P. Sloan, Chairman of General Motors from 1937 to 1956. Sloan envisioned the program as a means of developing the "ideal manager". The Sloan Fellows Program is the world's first general management and leadership education program for mid-career experienced managers.[citation needed]

In the following decades, the program was expanded to include masters degree programmes at the Stanford Graduate School of Business in 1957,[1] and London Business School in 1968.[2]

In 2013, Stanford changed the name of its Sloan programme from the Stanford Sloan Master's to the Master of Science in Management for Experienced Leaders (Stanford MSx).[3]

Academics

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The program is delivered full-time over the course of 12–14 months, depending on electives. LBS and MIT Sloan offer an optional research thesis.[4][5][6]

In addition to the standard management curriculum, the Sloan program contains a personal development component designed to develop the leadership and strategic thinking capabilities of Fellows.[citation needed]

The LBS program emphasises strategy, leadership and personal development.[citation needed]

Admission

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Admission to the Sloan Fellow programs is highly selective. Fellows comprise a mix of company and self-sponsored candidates. At all three schools, a significant degree of experience is required for admission.

At MIT, the admissions process involves resume screening followed by a 30-minute phone orientation. Prospective applicants are also invited to visit the program in Cambridge, Massachusetts for class visits, to engage with current students and meet the program officers.[citation needed]

After the initial screening, applicants submit a formal application, which includes undergraduate transcripts, GMAT or GRE score report, letters of recommendation, and personal essays. The received applications are screened by the admissions committee, and selected applicants are invited for a formal admissions interview, usually held on campus, or via video conference for international students. Following the interview, admissions decisions are made and applicants are notified. This process is repeated three times for three rounds of application deadlines.[citation needed]

Comparison against traditional MBA

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Typical U.S.-based MBA program Sloan Fellows program
Duration Full-time, 2-year Full-time, 1-year
Average work experience 4-year 13-year, 8-year minimum
Average age (80%) 25 - 30 30 - 40
International students ~40% ~60%
Class size between 400 and 1000 between 50 and 110
Degree MBA Master of Science in Management (GSB, LBS)

MBA (MIT)

Differences between programs

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MIT Sloan School of Management Stanford Graduate School of Business London Business School
Year Founded 1930 1957 1968
Minimum experience 10 years[7] 8 years[8] 15 years[9]
Average experience 14 years[10] 12 years[11] 18 years[12]
Class size ~110[7] ~80[11] ~60[12]
Passports ~35[13] ~30[11] ~25[12]
Tuition $136,135[14] $132,900[15] £74,000[16]
Degree MBA or MS in Management or Management of Technology[17] MS in Management (MSM)[18] MSc in Leadership and Strategy[19]

Alumni

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MIT

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Stanford

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LBS

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References

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  1. ^ Stanford GSB. "The Sloan Program at 50". Stanford GSB. Retrieved 2 January 2013.
  2. ^ London Business School. "Sloan 40th anniversary". London Business School. Retrieved 2 January 2013. {{cite web}}: |last= has generic name (help)
  3. ^ Stanford renames Sloan Master's Program - http://www.gsb.stanford.edu/news/headlines/redesigned-sloan-masters-curriculum-named-stanford-msx-program-experienced-leaders
  4. ^ [1] Archived June 20, 2010, at the Wayback Machine
  5. ^ International Study Trip
  6. ^ [2] Archived June 22, 2007, at the Wayback Machine
  7. ^ a b "MIT Sloan Fellows Admissions Criteria". Retrieved 2 January 2013.
  8. ^ "Stanford Sloan Eligibility". Retrieved 2 January 2013.
  9. ^ "Who is the Sloan programme designed for?". Retrieved 2 January 2013.
  10. ^ "MIT Sloan Fellows - Program brochure" (PDF). Retrieved 2 January 2013.
  11. ^ a b c "Stanford Sloan Class of 2013 Profile". Retrieved 2 January 2013.
  12. ^ a b c "LBS Sloan Masters - Class of 2012 Profile" (PDF). Retrieved 2 January 2013.
  13. ^ "MIT Sloan Fellows - Class of 2013". Retrieved 2 January 2013.
  14. ^ "MIT Sloan Fellows - Program Expenses". Retrieved 7 June 2014.
  15. ^ "Stanford Sloan Cost of Attendance for the 2014". Retrieved 7 June 2014.
  16. ^ "LBS Sloan Masters - Fees and financing". Retrieved 7 June 2014.
  17. ^ "MIT Sloan Fellows - Degree and research options". Retrieved 2 January 2013.
  18. ^ "Stanford Sloan". Retrieved 2 January 2013.
  19. ^ "LBS Sloan Masters". Retrieved 2 January 2013.

Further reading

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