Starting this fall, MIT Sloan, together with the MIT Operations Research Center, will be launching its brand new Master of Business Analytics (M.B.An) program. This is a full-time, one-year degree program designed to prepare students for careers in the data science industry. According to an MIT Sloan press release, the program was created as a response to the demand for a rigorous opportunity to apply “the tools of modern data science to solve problems in business and society.”

According to MIT Sloan Dean David Schmittlein, finding skilled practitioners who know how to mine and analyze vast amounts of digital data is a challenge. “In recognition of this need for innovation and excellence in analytics,” he says, “our mission is to build a world-class master’s program in data science that leverages the intellectual resources of MIT, is based on cutting-edge research, and, as a result, attracts the very best applicants.”

With this new program, MIT now offers analytics degrees at the undergraduate, graduate, and doctoral levels.

What is the capstone?

The M.B.An program is divided into three semesters: fall, spring, and a 10-week summer capstone during which students will work in teams onsite at various companies in the US and abroad on real data science problems.

“The capstone reflects the school’s commitment to action learning,” says MIT Sloan Professor John Hauser. “It gives students an opportunity to get out in the field—with a lot of faculty mentoring and support – and apply the very deep technical knowledge they’ve learned in the classroom to solve a real world challenge. We want them to dive into data: to handle it, to organize it, and to interpret what it means.”

Who is the program for?

This program may be for you if you:

• Have a strong mathematical, computer science, and statistical background

• Are a recent college graduate looking to pursue a career in the data science industry or a career changer, particularly one with a background in engineering, mathematics, physics, computer programming, or other high-tech fields

How do you apply?

Candidates must submit a transcript, resume, personal statement and optional essay, 3 letters of recommendation, and recent GMAT or GRE scores. Tuition for the yearlong program is $75,000. Apply to the Master of Business Analytics program here.

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Related Resources:

• Insights into MIT Sloan MBA Admissions with Dawna Levenson [Episode 132]
• MIT Sloan Zone Page
• 4 Ways to Show How You’ll Contribute in the Future