MIT MBAs maintain positive outlook as they go West

Cambridge, Mass. — January 3, 2003 — Although the popular media no longer tout Silicon Valley as the place for fast growth and financial success, over 80 MBA students from the MIT Sloan School of Management are so passionate about technology and its surrounding industries that they are taking a week out of their holidays to attend this self-funded trek.

This year's Silicon Valley Tech Trek will introduce students to a host of companies and sites in Northern California, a place these grads may one day call home. The Trek will cover the Silicon Valley and Bay area January 5-10.

The 2003 agenda is a robust one: over 30 firms are hosting students at their offices or campuses in businesses ranging from biotech and software to venture capital and storage, even foraying into winemaking! Students will be meeting leaders at both established firms such as Intel and Siebel, as well as visiting newly funded start-ups, like Plaxo--decrying the myth that no firms are achieving funding these days.

Evenings are equally full for the students who will have the opportunity to rub elbows with local alums and business leaders at the annual Menlo Circus Club social and networking event, which draws an attendance of over 300 technophiles. A new event that enlivens Sloan's mission to generate principled leaders--spearheaded by some of the Trek's student leaders--seeks to return some of the valley's hospitality by having the student group participate in community service. Students are working with a local philanthropic organization to provide strategy and consulting services to a myriad of local non-profit companies that serve the greater San Francisco area.

A tradition for over ten years, the Silicon Valley Tech Trek is the premier vehicle for Sloan students to learn about new technologies and begin to build the relationships that may end up in a promising career. Participating firms have been impressed by the students' dedication to technology and continue to reap benefits from their relationship with MIT Sloan and its graduates, not only in hiring, but also through the proliferation of their brands and products.

For fifty years, the MIT Sloan School of Management, based in Cambridge, Mass., has been one of the world's leading academic sources of innovation in management theory and practice. With students from more than 60 countries, it develops effective, innovative, and principled leaders who advance the global economy.

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Kofi Annan, SF '72, former Secretary-General of the UN, is one of a network of global leaders in government and industry who hold degrees from MIT Sloan.

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