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Sloan Fellows

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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 the world's first mid-career and senior career master's degree in general management and leadership. It was initially supported by a grant from Alfred P. Sloan, the late CEO of General Motors, to his alma mater, MIT. The program was established in 1930 at the MIT Sloan School of Management. Later it was expanded to the Stanford Graduate School of Business (1957), and London Business School (1968). Considered to be one of the most prestigious management training programs in the world, it targets experienced leaders who have demonstrated success either within organizations, or independently as entrepreneurs. Notable alumni include Kofi Annan, former United Nations Secretary-General and Nobel Peace Prize Laureate (MIT, '72), John Browne, Baron Browne of Madingley, former chairman and CEO of BP and member of the British House of Lords (Stanford, '81), and Carly Fiorina, former CEO of Hewlett-Packard (MIT, '89).

History

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, who envisioned the Sloan Fellowship 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.

In the following decades, the program was expanded to include the Sloan Master's at Stanford Graduate School of Business[1] (1957[2]) and the Sloan Master's at London Business School[3] (1968[4]). In 2013, Stanford changed the name of its Sloan Fellows Program to Stanford MSx (Master of Science in Management for Experienced Leaders), though participants in the program remain Stanford Sloan Fellows.[5]

Academics

Sloan Fellows comprise a mix of company and self-sponsored candidates. At all three schools, a significant degree of experience is required for admission. Alumni describe the program as "transformational", in keeping with Alfred P. Sloan's original vision of preparing accomplished managers for senior business leadership positions and increasingly, launching successful enterprise ventures.

The Sloan Fellows program is delivered full-time over the course of 12–14 months, depending on electives. London Business School and MIT Sloan offer an optional research thesis.[6][7][8]

The program recognizes the importance of developing leadership and management competency in Sloan Fellows. As such, in addition to the standard MBA curriculum of management courses, the Sloan program contains a strong personal development component designed to develop the leadership and strategic thinking capabilities of Sloan Fellows. The London Business School Sloan Master's is a specialized program emphasizing strategy, leadership and an intensive personal development provision.

Admission

Admission to the Sloan Fellow programs is highly selective. At the MIT Sloan School of Management, the prospective applicant needs to first register interest through the program website and upload a resume. After an initial screening, a member of the admissions committee will contact the registered applicant to schedule a 30 minute phone orientation. Prospective applicants are invited to visit the program in Cambridge, Massachusetts for class visits, to engage with current students and meet the program officers.

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.

Traditional full-time MBA programs comparison

Typical top 10 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 60 and 110
Degree MBA MSc in Management (or MBA at MIT)
GMAT/GRE Required Required (MIT & Stanford avg. GMAT ~ 715)
Work experience influence on acceptance Medium High

MIT, Stanford and LBS differences

MIT Sloan School of Management Stanford Graduate School of Business London Business School
Year Founded 1930 1957 1968
Minimum experience 10 years[9] 8 years[10] 15 years[11]
Average experience 14 years[12] 12 years[13] 18 years[14]
Class size ~110[9] ~80[13] ~60[14]
Passports ~35[15] ~30[13] ~25[14]
Tuition $136,135[16] $132,900[17] £74,000[18]
Degree MBA or MS in Management or Management of Technology[19] MS in Management (MSM)[20] MSc in Leadership and Strategy[21]

Degrees

Sloan Fellows at MIT Sloan may opt for an MBA, Master of Science in Management, or Master of Science in Management of Technology. Sloan Fellows at London Business School and Stanford Graduate School of Business are awarded a Master of Science degree.

Prominent alumni

Notable Sloan Fellows of the MIT Sloan School of Management include:

- Roger W Hale ( SF ‘79), former Chairman and CEO of LG&E Energy Corp

Notable Stanford MSx (Sloan Fellows) alumni include:

Notable London Business School (Sloan Fellows) alumni include:

References

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

Further reading

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