Supply Chain Frontiers issue #9. Read all articles in this issue.
Graduates from this year's Master of Engineering in Logistics (MLOG) program left MIT with jobs at major companies and a median salary of $ 97,000--59% higher than their salary levels at the time of joining the program. MLOG 2005 grads are joining the ranks of corporations such as Microsoft, Amazon.com, and McKinsey.
This year, 90% of MLOG students accepted a job offer by graduation day; and 94% graduated with at least one offer on the table. "Companies are clamoring for professionals with supply chain expertise," said MLOG Director Chris Caplice. "They have found students with that expertise in MLOG, and are willing to invest in their talent."
The companies' willingness to invest has resulted in across-the-board salary increases for the 32 MLOG grads. The median salary for the class of 2005 jumped by more than 59% from the time the students entered the nine-month MLOG program (Fall 2005) to graduation (June 2006). The group's median salary now totals more than $97,000, which means some students saw their salaries double.
Why are companies lining up to hire MLOG students? It could be MIT's first-place ranking in US News and World Report in logistics and supply chain management for the fourth year in a row. It could also be the caliber of business professionals the program attracts. This year's MLOG class brought with it an average of almost seven years work experience in industries ranging from manufacturing to finance. Or it could be the MLOG program itself.
During the intensive nine-month period at MIT, MLOG students are taught by industry leaders, take part in cutting edge research and gain exposure to real-world supply chain practices. According to Dr. Caplice, this combination arms the students with unmatched analytical abilities as well as change management leadership skills.
The recent MLOG grads will now utilize those skills in a variety of industries from distribution to manufacturing to consulting. And they'll take on supply chain challenges on many different levels with position titles that include Analyst, Senior Consultant, Product Manager, and Director of Global Logistics.
Other companies MLOG 2005 graduates are working for include Accenture, Alpha Technologies, Booz Allen Hamilton, Bristol-Myers Squibb, Capgemini, Cisco Systems, Citigroup, Cummins, IBM, Manhattan Associates, Mercer Management Consulting, MNG Airlines, Motorola, Pepsi Bottling Group, and the US Coast Guard.
To find out more about the MLOG program, visit http://www.mit.edu/mlog.