Sloan School of Management
Course XV -- ManagementCourse XV is the only major that is closely tied to a graduate school: the MIT Sloan School of Management. Course XV majors take graduate Courses at the Sloan School in addition to required undergraduate mathematics and computer science Courses.
Management majors specialize in one of four areas: marketing, finance, operations research, and information technology. There are 105 requred units overall, 75 of which are mandatory electives.
The Institute first began to offer engineering management Courses in 1914. Under the auspices of Alfred P. Sloan (SB 1895), the curriculum grew into the MBA program that began in 1925.
Sloan is currently the ninth ranked business school (in the U.S. News and World Report rankings) in the country having fallen several spots in recent years. The school hosts speakers ranging from corporation heads to foreign dignitaries. It’s distinguished faculty have included Robert B. Reich and the economist Lester C. Thurow. The Interim Dean is Professor Richard Schmalensee.
The Management department at MIT is primarily concerned with teaching students how to run businesses successfully and efficiently. Macroeconomics and microeconomics, as well as statistics, computer science, and accounting are crucial to the subject.
Graduates of Course XV go on to work for corporations of all sizes, including in-market analysis and financial consulting. Many start their own businesses or go to law school.
In 1998, 77 students graduated with a management degree. There are currently 209 students who have declared Course XV as their major of choice. About forty of these students are also Course VI, the most common second major for management students. One third of Course XV majors are female. Of the 54 tenured faculty, three are female and 51 are male.
The chief student organization for Course XV majors is the Sloan Undergraduate Management Association (SUMA), co-chaired by Sean C. Fabre ’00 and Mykolos D. Rambus ’00. SUMA organizes events that broaden its members’ education, including a stock market simulation that will take place later this week.
Another opportunity for Sloan students is the annual $50K competition, which awards fifty thousand dollars to the team that plans the most convincing entrepreneurship plan. Both gradute and undergraduate students are involved in the competition.
Students agree that the greatest difference between Course XV and other majors is the Management Department’s emphasis on people skills and social interaction. Kosanna Poon ’01 noted an “emphasis on social skills and human behavior.”
“It enhances interpersonal and communications skills,” said Karen Horstmann ’99, who is specializing in finance.
The Sloan School received national attention recently when Schmalensee appeared as witness in the ongoing anti-trust case against software giant Microsoft.