Course XV Plans New Minor
Proposed Program To Begin in Fall 2001By Grace Kessenich
By the fall of 2001, students may be able to enroll in a proposed minor in Course XV, Management Sciences.
Jeffrey A. Meldman ’65, Senior Lecturer and Director of Undergraduate Programs at the Sloan School of Management, said that while nothing definite has been decided yet, Sloan administrators are working on securing final approval for the minor. Sloan officials are “not quite there yet,” but are “leaning toward doing it,” Meldman said.
Sloan recently surveyed juniors and seniors to gauge their interest in the proposed minor.
The management minor would include six subjects and have a strong management science focus, which involves more math than a typical management course that one might find at another school, Meldman said.
According the survey, required courses might include 6.041 (Probabilistic Systems Analysis) and 14.01 (Introduction to Microeconomics). The remaining four courses would be chosen from a list of approved electives that includes the popular 15.301 (Managerial Psychology Laboratory).
Students show interest in minor
A number of students expressed interest in the possible management. Daniel S. Cho ’02 said that he would not personally want to take the minor, but he could understand why others would. “It would be very valuable for entering the business world. I’m sure people here think of their entire career,” Cho said.
Kay M. Tye ’03 agreed with Cho. Although Tye is planning on majoring in Course IX (Brain and Cognitive Science), she said that she would like to “start a new company or invent a new drug. So I would need to know how to market that drug. It’s where the money is and I want to make money.”
Another first-year student, Jesse K. Baker ’03, said that she has not decided on a major yet, but that a management minor would be a good idea. “I am thinking of a biomedical engineering minor. If I don’t do that, I would probably do some kind of business minor so I could have more options for a career,” Baker said.
More faculty would be needed
Currently, students must enter a lottery to enroll in certain Sloan classes, typically the higher level finance courses. This system could become overloaded if more students try to take classes at Sloan. To compensate for these additional students, Meldman said that he expects “a significant increase in the size of our faculty. We hope once the minor begins, we will be able to accommodate more students altogether.”
Meldman thought that MIT would most likely help Sloan obtain additional faculty. At a recent faculty meeting, Meldman said, Chancellor Lawrence S. Bacow ’72 said that the Institute would like to see more undergraduate education in management.
Assuming that the minor encounters no major roadblocks, everything except new faculty hiring should be approved by January. Because hiring faculty is difficult in mid-year, Meldman said, these positions could most likely be filled by the fall of 2001, at which time the new management minor could be implemented.