- Who should apply to the SCM program?
- What if I have little or no work experience?
- Is the SCM program offered as a distance learning program?
- How much does the SCM program cost?
- Is financial help available for SCM students?
- What are the required tests and minimum scores and is there a reporting code?
- Which test is preferred, GMAT or GRE?
- Does SCM require a deposit?
Who should apply to the SCM program?
The Master's in Supply Chain Management program is designed for early-career supply chain professionals who want to go back to school and receive advanced training in supply chain and engineering management. Candidates should have work experience and good quantitative skills, including some college-level calculus, linear algebra, and probability/statistics. However, you need not have a degree in engineering to apply. Classroom and personal interaction is enhanced by varied experiences in the student body. SCM Admissions strives to build a class with diverse backgrounds such as finance, information technology, management, marketing, and sales. We encourage students from a wide variety of backgrounds and disciplines to apply. If you have questions about whether you would be a good candidate for the SCM program, please contact us directly.
What if I have little or no work experience?
Students with 3 to 8 years of work experience are in the best position to gain from the SCM program and also contribute the most to class discussions. While we have occasionally admitted gifted students directly from undergraduate studies it is more likely that such a student will be granted “admission with deferred enrollment.” Enrollment is deferred by 2-5 years while the student gains supply chain work experience.
How much does the SCM program cost?
The tuition for the 2016-2017 academic year is $67,938 plus student life fee, medical insurance, and living expenses. Living expenses vary, depending on your living style and whether students live alone, with roommates, or have a family. The cost of living in Boston and Cambridge is higher than in much of the country. Currently, a budget of $2,600 per month is recommended for single students.
Is financial help available for SCM students?
The SCM program is designed as a self-funded program. However, the MIT Center for Transportation & Logistics (CTL) does provide a select few students with partial fellowships.
What types of financial aid are available?
The SCM residential program awards financial aid in the form of tuition fellowships only. Unfortunately due to the amount of funds available, the program cannot offer full scholarships. Most students rely on personal funds or loans to help finance their education. SCM students are also eligible for grants and fellowships offered by the larger MIT community. Please visit the website of the Office of the Dean for Graduate Education for detailed information and on how to apply at: http://web.mit.edu/odge/finances/fellowships/index.html.
Who is eligible to apply for financial aid?
All applicants are eligible to apply and received financial aid in the form of fellowships directly from the SCM program. For more information on other types of aid, such as loans, which have varying requirements, please visit MIT’s Student Financial Services website: https://sfs.mit.edu/graduate-financial-aid
How do I apply for financial aid?
As part of the online application, you can request to be considered for financial aid in ‘Step 9’. This is the only form you need to complete before admission.
How do you determine financial aid?
Decisions on financial aid are based on two criteria: need and merit.
When are admitted students notified of financial aid decisions?
The SCM Admission Committee decides on financial aid at the same time as admission. If you are admitted to the program, your letter of admission will include this information.
Can I work while enrolled in the program?
Because of the intensive course load, SCM students are not eligible for research or teaching assistantships. Many domestic students depend on federal student loans and international students seek out student loans from private lenders. MIT's Student Financial Services Office is the best resource for determining how best to fund your MIT education. More information on financial assistance can be found on their website: http://web.mit.edu/sfs/.
What are the required tests and minimum scores and is there a reporting code?
GRE or GMAT: general test, no minimum requirement
IELTS or TOEFL: Applicants from non-English-speaking nations must offer evidence of written and oral proficiency in the English language by taking the International English Language Testing System (IELTS) or the Test of English as a Foreign Language (TOEFL). Please have the official score reports sent directly to our office. To request a waiver (directly in the online application), you must meet one of the following criteria: Received an undergraduate degree (4 years) from a U.S. University or College OR Attended both primary and secondary schools taught in English. We look for an IELTS score of 7 or a TOEFL score of 100.
GRE Institute code: 3514
GRE Department code: 4313
GMAT code: X5X-DS-95
Which test is preferred, GMAT or GRE?
Both the GMAT and GRE General tests are acceptable for application to the SCM program. Most applicants take the GMAT test. The GRE or GMAT test requirement is not waived under any circumstances. All applicants must take the GRE or GMAT within five years of submitting an application to the SCM program.
Does SCM require a deposit?
Candidates offered admission to the SCM program will be required to submit a nonrefundable deposit of $1,000, if they wish to secure a spot in the program.