MIT Executive MBA Program Sponsorship Proposal Resource Guide Overview The purpose of this Resource Guide is to provide prospective MIT EMBA students content which will be helpful in developing an effective Sponsorship Proposal for your organization. This Guide is a reference for your convenience as you assess what information to include in your proposal. As you draft your proposal, here is a list of questions commonly asked by sponsoring executives. How does an MBA align with your responsibilities, your development plan, and your company’s priories? How will this benefit the company? How will this impact your job and improve your performance? How will you handle the time away from the office? How much does it cost? What are the payment terms? How do I know that if I sponsor this education, you will not leave the company before we have seen a return on our investment in you? What distinguishes the MIT EMBA and the impact it will have? Please keep in mind this document is not a proposal but rather a collection of the ingredients that we have seen in successful proposals. Jump to sample proposals here. MIT Executive MBA Program Sponsorship Proposal Resource Guide Table of Contents The MIT EMBA Program Overview ……………………… What Distinguishes the Program ………………………….. Program Components ……………………………………... Course of Study …………………………………………… Tuition and Payments ……………………………………… Corporate Sponsorship …………………………………….. Candidate Commitment ……………………………………. Cohort Statistics ……………………………………………. MIT EMBA Program Calendar ……………………………. Participating Organizations ………………………………… Recent Media Coverage ……………………………………. Student Testimonials ……………………………………….. Page 1 Page 2 Page 2 Page 4 Page 5 Page 5 Page 6 Page 7 Page 8 Page 9 Page 11 Page 13 The MIT EMBA: Program Overview The MIT Executive MBA is a rigorous, 20-month, executive-schedule MBA program designed for mid-career executives poised at pivotal junctures in their careers. Through advanced management practices and applied learning projects, executives emerge with a broader perspective and the tools to increase their impact. The EMBA program is an opportunity to join an elite forum for innovation and leadership, in which mid-career executives develop an edge in their management capabilities and build a network and connection to MIT that lasts a lifetime. The MIT Executive MBA provides a platform to increase knowledge, capabilities and impact. The program is specifically designed to maximize learning while complementing the work lives of students. This program allows students to apply classroom learning to real work projects. Students will have opportunities to work closely with renowned faculty, and to collaborate with a diverse and distinguished peer cohort to gain fresh insight on organizational issues and to develop innovative solutions. Each class cohort is comprised of successful professionals drawn from a broad spectrum of industries, job responsibilities, and nationalities. MIT seeks candidates who have demonstrated a skilled capacity to lead, work as a team, creatively solve problems, and push themselves to achieve their potential. Page i The program is designed to increase the impact of executives by providing: A world-class educational experience that integrates classroom learning with real-time job performance, creating immediate organizational impact. A complement to functional expertise that includes a solid foundation in the science of management. Access to MIT’s cutting-edge research in business, leadership, and technological innovation years before that knowledge becomes main stream. Cross-industry best practices from renowned faculty and distinguished peers. Increased ability to support company growth and profitability with leading management techniques and data-driven approaches. Key Program Information for Class of 2016 20-month program Classes every third weekend (Friday/Saturday) One week-long executive module every six months One-week international Global Organization Lab (GO-Lab) Action Learning trip Orientation Weekend, September 19-20, 2014 Classes start on October 18-25, 2014 MIT Commencement on June 3, 2016 Class of 2016 Tuition: $149,000 What Distinguishes the MIT EMBA Program design—The program is designed around a schedule that allows busy executives to balance work and personal life with a strategic investment in their careers. Weekend classes (Friday and Saturday) usually meet once every three weeks, with week-long modules every six months. Applied learning—MIT’s credo mens et manus (mind and hand) is manifested in action learning projects centered on both the student’s own organization and outside organizations. Through these projects every EMBA student puts techniques learned in the program into use immediately. This applied learning approach deepens the educational experience and enables the student and sponsoring organization to leverage the value of the program right from the start. Elite peer group—The EMBA program consists of an elite peer group of accomplished midcareer professionals. They represent a wide cross-section of industries, roles, and nationalities, resulting in rich, cross-functional perspectives and productive collaborations. Faculty expertise—The MIT faculty are influential architects in the creation of management, finance, innovation, and strategy best practices. During the program, students collaborate with Page 2 these thought leaders to develop the advanced management capabilities they need to realize their organizations’ strategic priorities. MIT Community—At the heart of the program is the opportunity to join an elite forum for innovation, collaboration, and leadership. Upon acceptance to the program, every MIT EMBA gains access to MIT’s tight-knit community of influential thought leaders, Research Centers, and 125,000+ alumni. Program Components The MIT Executive MBA curriculum combines critical, data-driven analytical approaches with the fundamentals of business leadership. Drawing on the faculty’s deep expertise in finance, innovation, global management, and more, the program uses an integrative, action learningbased approach to executive-level management education. Weekend Sessions The 26 weekend sessions meet all day Friday and Saturday and are spaced about three weeks apart. These sessions provide iterative engagement with the program courses and an opportunity to work with classmates and build on one another’s experiences. Executive Modules The four executive modules are each 6-9 days long, and are spread six months apart. They offer the immersive experience which is typically a benefit of being a full-time student at MIT. The executive modules combine intensive classwork, collaboration with classmates on projects, and evening events and speakers that build tight bonds within the class cohort and across the MIT community. Action Learning Projects Action learning projects are a central component of classes. They provide an opportunity to immediately apply the methodologies taught to the student’s organization and to industries of interest. Midway through the program comes Organizations Lab (O-Lab), an opportunity to use the coursework so far – particularly System Dynamics and Operations Management – to improve a process in the student’s own organization. In the final spring semester comes the capstone action learning project, Global Organizations Lab (GO-Lab). In GO-Lab, students work as part of a small EMBA-only team with an international company to help them solve a global integration issue. This includes one week at multiple company sites worldwide for field research and immersion in the company’s challenges. Electives During the three electives periods (January ’15, January ’16, and Spring ’16), EMBA students have an opportunity to explore specific areas of interest more deeply. Electives may vary from year to year and include advanced topics and cutting-edge research. MIT EMBA students may also take advantage of cross-registration privileges in MIT’s full-time programs and at Harvard University. Page 3 Over the last half century MIT Sloan has defined the science of management and engineered innovations that have changed the face of business. System Dynamics, Marketing Science, McGregor’s Theory X and Theory Y, and the Black-Scholes derivatives pricing model all began here. During the program you will follow a course of study that emphasizes MIT’s traditions of thought leadership, bold experimentation, data-driven analytics, and direct application of theory into practice. Page 4 Tuition and Payments The tuition for the Class of 2016 MIT EMBA Program is $149,000. Tuition is paid over three calendar years: $23,400 in 2014; $92,600 in 2015; and $33,000 in 2016. Sample MIT EMBA Tuition Payment Schedule, (Class of 2016)* Tuition Term Date Due Deposit Based acceptance decision date No later than August 2014 $10,000 Fall 2014 October 1, 2014 (less deposit) $23,400 Spring 2015 January 1, 2015 $36,200 Summer 2015 July 1, 2015 $23,400 Fall 2015 August 1, 2015 $33,000 Spring 2016 January 1, 2016 $33,000 Total Class of 2016 Tuition Class of 2016 $149,000 *Deposit is deducted from Fall 2014 payment. This tuition schedule is provided as sample only. It can and should be modified based on the amount of financial sponsorship you are negotiating with your organization. Actual tuition payments will vary from class to class. Travel and accommodation expenses are not included in tuition fees and will vary based on location and student preferences. Corporate Sponsorship The EMBA program is for organizations who seek a competitive advantage based on exceptional strategic and operational management. By equipping leaders with advanced management practices and a broad perspective, companies emerge with the executive leadership needed to develop and execute winning business strategies for today’s global economy. The MIT EMBA program design requires that students be employed. The program also requires approval and support from the EMBA’s manager and organization regarding: time out of the office applied learning on the job for the duration of the program approval for international travel (if applicable) The MIT EMBA application process requires a minimum of two letters of recommendation. One must be from the candidate’s employer, preferably a manager. The letter should address the candidate’s specific qualifications as an applicant, and should also address the issue of the time away from the office that will be required for full participation in the program. Page 5 It should be noted that the MIT EMBA is one of the most demanding and competitive executive MBA programs currently available. The program accepts approximately one in four candidates, making the MIT EMBA one of the most selective top-tier executive MBA in the world. Therefore completing the application process is not a guarantee of acceptance, but strong company commitment helps the admissions committee recognize a candidate’s strengths and potential. Candidate Commitment Candidates may want to include a statement of commitment to their sponsoring company. Sample Candidate Commitment Statement I am fully aware of the magnitude of the time and financial investment represented by the proposed MIT EMBA sponsorship. I am fully committed to building capability, capacity and value at COMPANY over the long term, and feel this is the right step to accelerate my progress towards this goal. I am willing to sign an employment contract that would require me to complete a predetermined and mutually agreed period of service. Failure to meet this expectation would require a level of reimbursement to the COMPANY. The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice. As a result of this transformational learning process, I look forward to applying my expanded perspectives and skills to achieve our of our organizational goals. Page 6 MIT EMBA COHORT STATISTICS Page 7 Page 8 A Sample List of Participating Organizations 113 Industries 3G Group 5 Elements West Abine Acadian Asset Management Accenture AECOM AeroSat Corporation AGCO Corporation Agenus AGRITECH Alkermes Alsaad General Contracting Co. Ltd. Amazon Millworks, LLC American Tower Corporation Amtrak Information Technology Analog Devices Apex Controls, Inc. AquaVida International A-T Solutions Atlantic Capital America Attivio BAE Systems Bank of America Baylor Health Care System Beth Israel Deaconess Medical Center Biogen Idec Bluefin Labs Boston Art Commission Mayor's Office of Arts Tourism and Special Events City of Boston Boston Housing Authority Boston Scientific Brigham and Women's Hospital Bristol-Myers Squibb Company Broad Institute of MIT and Harvard Broadcom Broan Brown University Cabot Corporation Campus Crusade for Christ Case Western University Hospitals Cerami & Associates Chevron Corporation Cimetrics Cisco Systems, Inc. Citigroup Clear Channel Media + Entertainment Coastal Eye Care, PA Coca-Cola Commonwealth Financial Network Continental AG Corporacion Industrial, S.A. Corporación Multifranquicias Crazy Eagle Marketing DA Davidson&Co Dana-Farber Cancer Institute Dell Inc. Destiny USA Dimensional Insight Disney / ESPN Distributed Sun LLC Dividend Capital DPF DMK Holdings Dunkin' Brands, Inc DuPont Pioneer E.W. Scripps Co. Eastern Maine Medical Center Efinancial Eisai Eiscom EMD Serono ENEL Envoy Advisors Ernst & Young (CIS) B.V. Export Development Canada Farsund Aluminium Casting AS Federal Aviation Administration Federal Reserve Bank of Boston Federal Reserve Bank of New York Fidelity Investments (FMR LLC) Fraen Corporation Fresenius Medical Care NA GE Appliances and Lighting GE Aviation, US General Electric Genzyme, a Sanofi Company GLOBAL DRUG DEVELOPMENT CONSULTING, LLC Greatbatch/Electrochem Solutions Harvard Management Company Haymakers for Hope High Connection Density, Inc Hotwire HSBC USA IBM ICF SH&E IDL Solutions Information & Logistics Inc. InstallerNet, Inc. Internet Think Tank, Inc. Intueor Consulting Invensys InVivo Therapeutics Iron Mountain Ironwood Pharmaceuticals ISN J Street Jabil Inc. JP Morgan Chase KCI Technologies, Inc. Kimley-Horn and Associates Inc. KOBREX S.A. DE C.V. Lam Lumenis MA Department of Public Health Mass General Hospital Massachusetts Institute of Technology McKesson MedImmune Merck Metlife MFS Investment Management MGH - Partners Healthcare Microsoft MIT MITRE Monsanto Company Monster Worldwide Inc., Multi Packaging Solutions Nathan Associates National Science Foundation Neosaej Corp. Neuberger Berman Management LLC NeuCo, Inc. Newport NewWave Technologies Inc Novartis Institutes for BioMedical Research Numerica Occidental Petroleum Corp OctoPi Project Management Odebrecht International Orbital Sciences Corporation Paneira Bread Papa Gino's Pfizer Philips Healthcare Plato Learning Pro Sports Orthopedics, Inc. ProPhase, LLC Prudential Financial QID TECHNOLOGIES Raytheon RealNetworks Rolls-Royce RORA Client Systems Inc. Rosemount Consulting Partners Sanofi Santander Investment Securities Inc. Seagate Technology Selventa Sharp Shell Oil Company Shire HGT SiTEL Smith & Nephew SOPRINSA St. Jude Medical Stabilit State Street Corporation TDL Latam TEECOM Teleios International TerraCycle, Inc. The World Bank Tjac Student Living Tourmalet Advisors Travelzoo Tufts University/Baystate Medical Center UC Health United Technologies Corporation University of South Florida College of Medicine Unknown Update Company US Army US Department of Homeland Security US Department of State US Navy US Navy Office of Naval Research US Southcom USAA UTC Aerospace Systems Vertex Pharmaceuticals Vestmark, Inc. ViS Walt Disney Company Watertown Savings Bank WaveMark Weill Cornell Medical College Wentworth Institute of Technology Western Union Business Solutions Wolters Kluwer Xavor Corporation XL Group, plc YMCA of Metro North Ziptask Page 9 Media Coverage Poets & Quants MIT Sloan February 11, 2013 http://poetsandquantsforexecs.com/2012/01/19/mit-sloan/ US News & World Report New Salary and Employer Sponsorship Data for EMBA Hopefuls November 8, 2012 http://www.usnews.com/education/best-graduate-schools/top-business-schools/articles/2012/11/05/new-salaryemployer-sponsorship-data-a-mixed-bag-for-emba-hopefuls Financial Times School profile: MIT Sloan October 15, 2012 http://www.ft.com/intl/cms/s/2/af1d5e42-13aa-11e2-9ac6-00144feabdc0.html#axzz29NDlqJSE Wall Street Journal A Day in the Life at MIT's Sloan School of Management August 23, 2012 http://graphicsweb.wsj.com/documents/BSCHOOL0812/ eFinancial Careers MBA programs for older financial professionals June 18, 2012 http://news.efinancialcareers.com/us-en/102791/mba-programs-for-older-financial-professionals/ Poets & Quants MIT Sloan Graduates Its FIrst Class of Executive MBAs June 7, 2012 http://poetsandquantsforexecs.com/2012/06/07/mit-sloan-graduates-its-first-class-of-executive-mbas/ Financial Times Business Schools Come of Age May 7, 2012 http://emba.mit.edu/images/uploads/FT_Changing_EMBA_Landscape.pdf Politico Minding Their Own Business - Healthcare Executives turn to MIT EMBA May 4, 2012 http://emba.mit.edu/the-mit-impact/news/minding-their-own-business-healthcare-executives-turn-to-mit-emba/ Poets & Quants Page 11 Ranking the MIT EMBA - Founder of BusinessWeek’s MBA Rankings Comments On It January 12, 2012 http://emba.mit.edu/the-mit-impact/news/ranking-the-mit-emba-founder-of-businessweeks-mba-rankingscomments-on-it/ Financial Times Fresh Experiences in the Field January 9, 2012 http://emba.mit.edu/the-mit-impact/news/fresh-experiences-in-the-field/ Boston Business Journal Jonathan Lehrich Outside the Box October 28, 2011 http://emba.mit.edu/the-mit-impact/news/jonathan-lehrich-outside-the-box/ Financial Times Aiming High October 24, 2011 http://emba.mit.edu/the-mit-impact/news/aiming-high/ WGBH MIT and the US Navy Team Up on Alternative Energy September 29, 20122 http://emba.mit.edu/the-mit-impact/news/mit-and-the-us-navy-team-up-on-alternative-energy/ New York Times Betting on an MBA July 24, 2011 http://emba.mit.edu/the-mit-impact/news/betting-on-an-emba/ New York Times Paying for an EMBA July 22, 2011 http://emba.mit.edu/the-mit-impact/news/paying-for-an-emba/ TIME Blue Water, Green Fleet- The Navy Gets Eco-Friendly July 19, 2011 http://emba.mit.edu/the-mit-impact/news/blue-water-green-fleet-the-navy-gets-eco-friendly/ Bloomberg TV Pimm Fox Interviews Jonathan Lehrich on MIT Sloan EMBA May 18, 2011 http://emba.mit.edu/the-mit-impact/news/pimm-fox-interviews-jonathan-lehrich-on-mit-sloan-emba/ Page 12 Boston Business Journal MIT Exec MBA Program Banks on Experience May 13, 2011 http://emba.mit.edu/the-mit-impact/news/mit-exec-mba-program-banks-on-experience1/ Financial Times Trains, Planes and EMBAs April 11, 2011 http://emba.mit.edu/the-mit-impact/news/trains-planes-and-embas/ Wall Street Journal MIT’s Sloan School Adds the Program, but Companies Scale Back Sponsorships June 3, 2011 http://emba.mit.edu/the-mit-impact/news/mits-sloan-school-adds-the-program-but-companies-scale-backsponsorships/ Student Testimonials "Absolutely fantastic." "Dynamic, intense to the nth degree, humbling and the beginning of an incredible journey. I can’t wait to meet the person I am going to become!” "This program is an excellent way to immediately transform your own work. The exposure to experiences from other classmates and the professors is invaluable. The frameworks and class discussions really make you think differently." "The caliber of professors and of the cohort is fantastic. The program throws you out of your comfort zone and compels you to think with rigor, grow and stretch intellectually, to draw on the diverse skills and experience of your teammates, and to discover a whole greater than the sum of its parts." "It's like having kids - one of the most challenging experiences that you'll actually enjoy. The program includes a wealth of diverse and talented individuals that you can learn from, and presents material and learning opportunities that cause you to change the way that you think about things." "The MIT Executive MBA experience has been absolutely remarkable. The program provides a unique learning experience, combining world class faculty with extremely gifted and accomplished students who bring expertise from a variety of backgrounds. MIT has taken a unique cohort approach that is designed to get maximum contribution in the learning experience from faculty, fellow students and each student as an individual.” "It will be an intense and rewarding experience. It will change your perception of what it takes to be a successful business leader more than you expect and in ways you did not anticipate." "If you are seriously considering action based learning and looking for a program with high rigor, brilliant peers, and world-class faculty then the EMBA Program at MIT Sloan delivers it." "It is a deep learning environment in which you are submerged in all sorts of learning experiences, both traditional and non-traditional. The opportunities to increase your knowledge seem almost limitless.” Page 13 "Unique opportunity to learn modern principles of finance, economics and theories with practical use, to interact with highly professional individuals from different industries, and to learn tools that help you view the world differently and think strategically about business opportunities.” Page 14