For experienced leaders looking into adding value to their careers and indulge in learning, Sloan programs have been a great option. The MIT Sloan Fellow program, Stanford MSx program, and The London Business School Sloan Master programs are some of the most popular sloans programs in the world.
Let us see how these top three Sloan programs compare against each other:
Tenure
Since the program is residential and immersive, requiring candidates to take a break from employment for a full 12 months.
Class size
MIT Sloan Fellows: MIT admits approximately 110 students.
LBS Sloan Masters: LBS about 60+
Stanford MSx: Stanford takes in around 80 students.
Candidates Profile
MIT Sloan Fellows: With more >10 years work experience in leadership role.
LBS Sloan Masters: With >18 years work experience in Management roles.
Stanford MSx: With 5 years of Management experience having > 8 years total experience.
Fees
MIT Sloan Fellows: $132,500 (including cost of travel)
LBS Sloan Masters: $92,444 (Travel cost not included)
Stanford MSx: $129,900(including cost of travel)
GMAT/GRE
MIT Sloan Fellows: GMAT/GRE/Executive Assessment Required
LBS Sloan Masters: GMAT/GRE/Executive Assessment required (GMAT Waivers available)
Stanford MSx: GMAT/GRE required
Application requirements
MIT Sloan Fellows: Transcripts, Resume, Cover Letter, Essay, Video Statement, 2 LORs, Organizational Chart, App. Fee: $250, Interview
LBS Sloan Masters: Transcripts, TOEFL/IELTS/PTE, Resume, Essays, Organizational Chart, 2 LORs, Interview, App. Fee: $225
Stanford MSx: – Transcripts. No min. GPA, TOEFL/PTE/ TOEFL, Resume, 3 LORs, Essay, Interview, App. Fee: $275
Advantages of Sloan Fellows Programs
These programs are designed for senior leaders:
The Sloan programs of MIT, Stanford, and LBS are specially designed for experienced leaders. Apart from a very few exceptions, most candidates admitted to these programs would have at least 6 to 10 years of robust professional experience and a track record of outstanding career success. The professional career should reflect not only excellent leadership skills but also the potential to become a business leader or senior executive in the future. These programs are a great fit for candidates who are over 30 and willing to pursue an MBA. Traditional MBA programs might consider such candidates to be too old.
One year short-term MBA program:
Though these programs have a shorter tenure than other premium full-time MBA programs, the learning experience provided by these courses are enriching. These three Sloan programs are mostly conducted part-time or over weekends that too only on limited weeks during the year. By offering a full-time immersive on-campus experience that doesn’t command a lot of time away from your work, these programs are attracting the attention of senior professionals. Shorter MBA programs also have lower tuition fees than full-time MBA programs. Senior leaders— who most probably have families— need not spend long hours away from their spouses and children.
Small class size for better collaboration:
Sloan programs famously admit a fewer number of students. While this might make the competition for admission tighter, it allows an intimate experience for the students. Out of these three Sloan programs, London Sloan only has a class size of 60, Stanford hosts 90, and MIT Sloan has a relatively larger class with 120 students. Because the class size is so small, you would get to connect with all of your classmates by the end of the program. It also fosters a collaborative environment to build a strong business network.
International culture:
The number of international students in these three Sloan programs is unparalleled. With 70% international students in Standford’s MSX and over 80% international students in LBS and MIT, these programs offer a diverse and inclusive educational experience.
Allows cross-registration opportunities:
LBS, Stanford, and MIT allow students to pursue electives alongside their regular MBA students— providing candidates a variety of options for electives ( with 70 elective options in LBS and more than 100 at Stanford). Additionally, the candidates also choose to conduct independent work or take part in an international project. For example, the MIT Sloan fellow would also get an opportunity to cross-register to Harvard.
These are a few key differentiators of the Sloan fellow programs when compared to the regular MBA programs.
All three programs are ranked among the best management programs for executives. All 3 programs rank high in Financial Time global business school rankings will pave the way towards realizing your goals. This step in your career could be transformative with an opportunity to upskill and also enhance and enrich your professional network.