What is the MIT Master of Engineering Management (MEM) Review?
The MIT MEM Review is useful for people who want to gain a quick understanding of the MIT MEM program ,and understand if it would be a correct choice for them. Apart from a brief review of the school, data about the MEM program application process, the class profile and placement statistics upon graduation are presented.
At its founding in 1861, MIT was an educational innovation, a community of hands-on problem solvers in love with fundamental science and eager to make the world a better place.
Today, that spirit still guides how MIT educates students on campus and how it shapes new digital learning technologies to make MIT teaching accessible to millions of learners around the world.
The Institute is an independent, coeducational, privately endowed university, organized into five Schools (architecture and planning; engineering; humanities, arts, and social sciences; management; and science).
It has some 1,000 faculty members, more than 11,000 undergraduate and graduate students, and more than 130,000 living alumni. The MEM Program is carefully designed to produce skilled managers that can tackle complex engineering problems.
The Master of Science in Management Studies program is a unique, customizable degree that complements an MBA or equivalent master’s degree from our partner schools: Asia School of Business; Fudan University; Indian School of Business; Lingnan (University) College, Sun Yat-sen University; the Lisbon MBA program; and Tsinghua University.
The MSMS program allows graduates or current students from these schools to pursue advanced studies in management and receive a Master of Science degree from MIT in nine months.
The program smart, motivated applicants who are passionate about analytics. Recent graduates, early career professionals in high-tech, engineers, mathematicians, physicists, and computer programmers are encouraged to apply.
Each applicant is measured on his or her academic and professional accomplishments. Applicants are eligible to apply to the Master of Business Analytics program if they have a bachelor's degree or will have completed one by July 2018. Students with a three-year bachelor's degree from an international university are also eligible to apply.
The programme has a unique time model, and promotes a hands-on learning approach, preparing you for the realities of a career in consulting, digital innovation and a diverse international environment.
The MIT Sloan community brings together individuals from around the world, with a vast array of personal experiences and professional backgrounds.
MIT Sloan students are informed and responsible global citizens with the vision, drive, and practical experience to make significant contributions to their organizations and to the world.
The Master of Engineering Management(MEM) in is an interdisciplinary, one-year program that prepares mid-career professionals for top-managerial roles.
Professionals have the opportunity to interact with faculty members who are leaders in their field. Capstone projects involve students in finding solutions to real world problems, providing experiences that can boost their managerial abilities.
The professionals learn to use system thinking to understand the technical, managerial and societal components large-scale complex challenges, and discover how these components influence each other as part of larger systems.
The program also entails organizing events with corporate partners, such as company presentations, workshops, rotation dinners etc. In addition, various social and cultural events contribute to the program's networking aim.
Skills which the MIT MEM values
MIT has one of the most competitive masters programs in the world and is on the lookout for high potential candidates who exhibit the following skills:
- Collaborative spirit
- Intellectual aptitude
Be sure to mention in your motivation statement how you exhibit these skills, and back them up with relevant examples.
Next, in the MIT MEM Review, find all the application requirements listed below.
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- Excellent written and spoken English (TOEFL - 90 iBT /IELTS 6.5 or equivalent)
- BSc In Engineering plus 5 years working experience( For those without MSc)
- MSc in Engineering plus 3 or more years working experience.
MIT MEM Program Content
Each MEM student is required to complete a minimum of 92 sub-units in addition to a thesis. MEM students gain practical experience by putting their new skills to use in semester-long projects.
The student has to also finish 24 units of fundamentals subjects in management and engineering. Innovative in-class teaching methodologies are supplemented by various workshops and activities to enhance the overall learning experience.
Core Courses: Gain an accurate and analytical comprehension of information systems. Courses include:
- Decision tools for Managers
- Managerial Accounting
- Project Management
- Statistical Data Mining
- Financial Issues for Engineers
- Leadership and Organizational Behaviour
- Marketing Issues for Engineers
These courses help enhance an expansive and deeper understanding of information systems.
- Product Development
- Technology and Globalization
- Data Analytics
- Business Intelligence Systems
- Risk Modelling
- Social Innovation
- Systems Engineering and Architecture
Tuition Fees for 2018 intake: $28370 per term.
Most of the applicants are curious to know about the MIT MEM Program acceptance rate
MIT MEM Program has not disclosed any stats on its acceptance rate, but it can be estimated around 10%-16%
|Round 1||15 January 2018|
Constituents of the application package
- Online application form
- IELTS, TOEFL, Academic score (for some international students)
- GMAT/GRE Score
- A copy of college transcript
- Letters of recommendations
MIT MEM Program Student Profile
- Class size : 55
- Average Age : 29
- 36 nationalities on the programme
- 33% female intake
- 29% international students
- Over 23 countries represented by MIT MEM faculty
- 42,000+ alumni across 155 countries
MIT MEM Program Placement Statistics
Base Salary of $85,700
The employment rate is high for MIT MEM Program graduates with many having six-figure salaries.
Highest Salary awarded $128,000
Overall MIT MEM Program placements are pretty good, and hence the MEM Program is an attractive proposition for most people.
Sectors students were placed in:
|Private Equity & Venture Capital||7%|
|Diversified Financial Services||4%|
|Technology & Telecoms||18%|
|Media & Entertainment||4%|
Some notable companies recruiting from the MIT MEM program
|Accenture||Arthur D Little||Bain & Company|
|Royal Dutch Shell||Credit Suisse||Deloitte||Deutsche Bank|
|Fosun Group||Goldman Sachs||KPMG||Macquarie|
|McKinsey & Company||Medallia||Milward Brown||Morgan Stanley|
|Nomura||Oliver Wyman||PwC||Roland Berger|
|The Boston Consulting|
Next in the MIT MEM Review, find all the application essay insights listed below.
APPLICATION ESSAY INSIGHTS
You have to introduce yourself to your future classmates via a brief 60 second video statement. (This video will be used for application purposes only and will not be shared.)Videos should be a single take (no editing) lasting no more than one minute and consisting of you speaking directly to the camera. MIT recommends that you use an application such as QuickTime or iMovie to record yourself.
Upload the video file according to the detailed instructions within the application.MIT supports the following file formats:.avi, .flv, .m1v, .m2v, .m4v, .mkv, .mov, .mpeg, .mpg, .mp4, .webm, .wmv
You are required to submit a cover letter seeking a place in the MIT Sloan MBA Program. Your letter should conform to a standard business correspondence, include one or more examples that illustrate why you meet the desired criteria above, and be addressed to Mr. Rod Garcia, Senior Director of Admissions (300 words or fewer, excluding address and salutation).
Ensure you submit a resume that includes your employment history and academic record in reverse chronological order. Other information appropriate to a business resume is welcomed and encouraged. (no more than 1 page in length)
Also provide any additional information you would like the Admissions Committee to know that may be helpful in evaluating your candidacy (i.e. choice of recommenders, areas of concern in your academic record, other extenuating circumstances, etc.). This information should be provided in a written format (200 words or less).
As you can see the MIT MEM program application is pretty extensive, & this is a good thing as they want to ensure only top quality students make it through the application process. So make sure you have perfect SOP's and stellar LOR's as they WILL make or break your case
Once you are done with your application, the MIT board reviews it and if shortlisted you would be called for an Interview round for the MIT MEM Program.
We hope the MIT MEM Review was useful to you, all the information has been sourced by the MIT Site, and for more data you should visit there.