TheSloan Fellows program is a middle and senior-careermaster's degree program ingeneral management andleadership offered atMIT,Stanford University, andLondon Business School (LBS).
Initially supported by a grant fromAlfred P. Sloan, formerly CEO ofGeneral Motors, the program was established in 1930 at the nowMIT Sloan School of Management. It was expanded to theStanford 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 includeKofi Annan, formerUnited Nations Secretary-General andNobel Peace Prize Laureate;John Browne, Baron Browne of Madingley, former chairman and CEO ofBP and member of the BritishHouse of Lords; andCarly Fiorina, former CEO ofHewlett-Packard.
The Sloan Fellows Program was created at theMIT Sloan School of Management in 1930, byAlfred P. Sloan, Chairman ofGeneral 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 theStanford Graduate School of Business in 1957,[1] andLondon 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]
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 apersonal 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 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 inCambridge,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 orGRE 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]
| 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) |
| 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] |
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