For example, if you want to work on Wall Street, an MBA from Wharton, Columbia, HBS, Stanford GSB, MIT Sloan, and Chicago Booth is probably a better credential than the Stanford MS MS&E. However, there are plenty of Stanford MS MS&E alumni working in the best Wall Street banks, hedge funds, etc. If you want to work for McKinsey, Bain, and the Boston Consulting Group, most of those same top-tier MBA programs that I mentioned above offer you a chance to get a job at higher pay and with greater responsibility than most MS MS&E alumni can get right after graduation. This is based on the assumption that most MS MS&E fresh graduates are younger, have less work experience, and have much smaller loans to pay off than students who have taken two years out of the workforce to earn an MBA at one of those other world-class institutions. But make no mistake - all of the top-tier strategy consulting firms recruit both bachelors and Masters in MS&E students.
. 1point3acres
However, if you want to start a company, being in the Stanford MS MS&E is as good or better than any of the top brand MBA programs. First, you're more likely to have classmates that are CS, EE, Civil and Environmental Engineering, Product Design, and other engineering and science majors in MS MS&E than you will at the leading MBA programs. Second, more of your classmates will be able and willing to make the leap into co-founding a startup or working for a startup than is the case in the leading MBA programs, where many of your classmates are headed to jobs and strategy consulting, investment banking, hedge funds, and marketing jobs in consumer products companies.
.--
If you want to work for a large global technology company such as Google, Facebook, Apple, HP, Cisco, Intel, Applied Materials, and Accenture, or rising stars like Twitter and Pinterest, etc. an MS MS&E is a great credential, and there are MS MS&E alumni in all of those companies.
If you want your first job out of graduate school to be in China, Singapore, India, Korea, any of the ASEAN nations, as well as Chile, Columbia, and Mexico an MS MS&E will be very valuable. There are networks of alumni from those countries in Silicon Valley, as well as in the entrepreneurial ecosystems in those countries. There are also lots of MS MS&E alumni throughout the rest of Latin America, Eastern and Western Europe, the Middle East, and sub-Saharan Africa, but my personal focus has been helping to build bridges between the entrepreneurial ecosystems in Silicon Valley, Los Angeles, San Diego and Seattle with Pacific rim countries including those in Asia and Latin America mentioned above.
3-2: Value of the Brand of the School.1point3acres
If you are comparing an MBA from any school that is not in the top 5 MBA programs with a Masters in MS&E from Stanford, my personal belief is that the Stanford Masters in MS&E degree will open more doors throughout your career. There are some exceptions, such as the value of a degree from Cal Berkeley or UCLA in certain companies and industries, and in certain parts of the US and Asia. Those are both great universities with outstanding MBA programs. An MBA from University of Texas at Austin may have greater value in Texas than a Stanford MS MS&E degree in some circles.
3-3: THe Value of A Unique Educational Experience.
In terms of the educational experience itself, especially your ability to learn from your peers by working on projects together, the MS MS&E program is unique, and extremely valuable. And there are lots of projects where students work in teams on real-world companies ranging from Global Entrepreneurial Marketing to Strategy for Technology Companies to Global Project Coordination to Supply-Chain Management and beyond.
MBA programs have team-based learning too. But the main reason team based learning via projects is so valuable is that there is great diversity in the student body. There is diversity across many disciplines. You take courses with fellow Masters in MS&E students, as well as Masters and PhD students in other engineering disciplines and the sciences who want to learn a little bit about business, and a few very talented and motivated undergraduate students who work extra hard because they been allowed to take a graduate course with people like you.
. check 1point3acres for more.
Another element of diversity is that there is a larger percent of international students in the Masters in MS&E program then in most of the leading MBA programs.
Many of your classmates may have less work experience. But my experience as a faculty member is that classes which include young, very bright students with limited work experience and older, equally bright, students with some work experience are much better than classes where almost everyone is in a similar age bracket has and a similar number of years experience. . 1point3acres.com
. 1point 3acres
3-4: Value of the Alumni Network. .и
When the Department of Management Science and Engineering was formed in 2000 by a merger of three separate departments, it created what is now the Masters in MS & E degree. Students who had graduated before 2000 had earned one of the following masters degrees: MS Industrial Engineering (MS IE), MS Engineering Management (MS EM), MS Industrial Engineering and Engineering Management (MS IEEM), MS Engineering Economic Systems (MS EES), MS Operations Research (MS OR), ME Engineering Management and Operations Research (MS EESOR). I believe that the new department has allowed alumni who had earned any of those degrees to now be called Masters in MS&E, so that the new students graduating can identify and get guidance and support from alumni from earlier years.
3-5: The Quality of the Faculty and Course Assistants
You may recall that I told you that I had the privilege to teach in the MBA programs at the Harvard Business School and Stanford GSB. My faculty colleagues in those institutions were extraordinary. Teaching alongside of them was both a humbling and a delightful experience. That said, my faculty colleagues in the Department of MS&E are as good or better then the best faculty in those two prestigious institutions. The course assistants for Masters or PhD students that help me to teach my courses, are also amazing. It is been an honor to teach with my faculty colleagues and my course assistants and to learn from them from 1990 to the present.
I often tell my alumni, my clients, and the entrepreneurs and investors that I work with outside of Stanford that I wake up each day both motivated and grateful to be able to do what I do for a living. I'm living in paradise, doing work that matters, with people I love. That sounds awfully sentimental, but if you are lucky enough to get into the Masters in MS&E program, and learn from both your classmates and the faculty and course assistants that are learning with you, you will understand what I'm talking about. It doesn't get any better than this!
3-6. MS MS&E is NOT an MBA!. check 1point3acres for more.
I believe that the faculty in MS&E would stress that a Masters in MS&E is not the equivalent of an MBA. MS MS&E is a shorter program, and requires participants to have some knowledge in engineering, or mathematics, or science, or some other quantitative disciplines because part of your core courses will be "Quant." . 1point3acres
.
This technical foundation is important because the objective of the MS MS&E which you prepare students for careers across a broad variety of for-profit companies large and small, nonprofit organizations, and government agencies where some understanding of technology, or the ability to understand and apply decision analysis, operations research, mathematical modeling, and other analytical tools to diagnose, analyze, and solve complex problems is fundamental to doing an effective job. Those problems and opportunities span domains as diverse as investment banking, commercial banking, venture capital, impact investing, economics, public policy, information technology, medical technology, clean technology, automotive, aerospace, defense, and many other industries. . .и
Some students combine an MS MS&E with a Masters or PhD in a technical discipline or a law degree. These combinations can be quite powerful, and give you a unique set of capabilities that MBAs from the best business schools cannot match.
A few students go on to earn MBAs at places like Harvard Business School Stanford GSB, MIT Sloan, and Wharton. Those that do have commented to me that many of the courses that they took in the MS MS&E program were is challenging, and the students were as talented, as their classmates in these top-tier MBA programs. They are also very happy to have both a Stanford MS&E degree and an MBA, especially if it's from another university such as HBS, Wharton or MIT Sloan, or Kellogg/Northwestern. The reason is that they have credentials that will allow them to traverse to alumni networks when they are looking for jobs, funding, or talented people to join their companies.
Thanks for your patience in reading this very long reply to three very important questions.
And remember, this is not any official statement of the MS&E department… just my personal observations as a part time, consulting faculty member. So take it all with a grain of salt, and get other opinions.