<p>Purduefrank, I think you should be doing your research more carefully. Much of the information you have cited is erroneous, and you could have easily checked it yourself. I don't mind discussing MIT, but I think it's fair that people should put in a bit of time to do some basic background research. I don't think I should have to do that for you. </p>
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I believe that the MIT website said that the average MS degree garnered only 66,000$
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<p>Wrong. The average MIT bachelor's degree recipient in 2008 made 66k. </p>
<p>In 2008, the average non-MBA master's degree graduate at MIT made somewhere from 79k-85k, depending on whether we're talking about the MS (actually the 'SM' in MIT parlance) or the MEng. </p>
<p><a href="http://web.mit.edu/career/www/infostats/graduation08.pdf%5B/url%5D">http://web.mit.edu/career/www/infostats/graduation08.pdf</a></p>
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Specifically, I looked at the MLOG program, the Systems Design and Management program, and Leaders for Manufacturing - all of them seemed to say that work experience was more or less expected
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<p>Those are all Sloan master's programs. Sloan is a business school, hence work experience is paramount. </p>
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I believe that the MIT website said that the average MS degree garnered only 66,000$ - not exactly what I want to be making with years of work experience and a degree from MIT.
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<p>Those with work experience will make far more. For example, in 2008, the SDM grads (almost all of them with significant experience) made an average starting salary of 121k, and that doesn't even count the bonuses, which can be large. But of course you have to keep in mind that the average incoming SDM student is 35 years old and has 10 years of work experience.</p>
<p><a href="http://sdm.mit.edu/docs/sdm_employment_report08.pdf%5B/url%5D">http://sdm.mit.edu/docs/sdm_employment_report08.pdf</a></p>
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However, with an average GMAT score(for MLOG you can choose either the GRE or GMAT) of 710 - which, if I’m not mistaken is actually higher than the average GMAT for a Sloan MBA, and an average starting salary of about half of an MBA with similar work experience and test scores - what gives?
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<p>First off, if you want a Sloan MBA, then apply to the Sloan MBA program. GMAT is a poor indicator for management knowledge of job-hunting success. </p>
<p>Secondly, in 2007, the average Mlog starting salary, not including bonus, was 104k.</p>
<p>Third, you should also bear in mind that the Mlog program is a one-year program, whereas the Sloan MBA, like almost every other US MBA program, is 2 years long. </p>
<p>MIT</a> MLOG - Recruitment</p>
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Did you mean specifically for engineering fields such as EE, ME, ChemE etc. I am in Industrial Engineering and the ESD(engineering systems design) which encompasses the programs I mentioned above, is pretty much the only option in the IE field.
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<p>Or the SM program in the MIT Operations Research Center.</p>
<p>MIT</a> ORC - SM Program</p>