Despite sagging economy, MIT Sloan “Massachusetts Tech Trek” draws record number of MBAs, companies

Cambridge, Mass. — January 14, 2003 — More than 110 MBA students from the MIT Sloan School of Management will visit more than 50 companies as part of the fifth annual Massachusetts Tech Trek, held January 15-17. The Trek enables students from MIT Sloan to meet with senior executives from local technology firms to learn about their businesses operations and strategy. Despite a challenging economy and a tough hiring environment, the 2003 Massachusetts Tech Trek has drawn a record number of both students and companies, indicating that even in bad times, companies are interested in hiring qualified people to drive future growth.

Students will visit the offices of a variety of companies in the fields of hardware, software, consumer technology, wireless, communications, and biotechnology. Participating companies include Bose, EMC, Cisco, PTC, Genzyme, and Millennium Pharmaceuticals, as well as emerging companies such as SpeechWorks, edocs, UPromise, and Alkermes. Students will also visit several venture capital firms, including Polaris, YankeeTek, Flagship, and North Bridge.

“We are absolutely thrilled with the number of leading technology and biotechnology companies who agreed to be part of this Trek,” said Chris Lee, MBA '04, who led the organizing team. “Not only did we get great companies, but almost all of them agreed to provide senior executives to meet with us. I think the record number of students participating reflects the high quality of the meetings.”

The Massachusetts Tech Trek is a completely student-run event, organized by the very active MediaTech Club at MIT Sloan. The event is sponsored by Hale and Dorr LLP, Comerica, and the MIT Biomedical Enterprise Program.

“It's important for students to gain exposure to the people who are actually practicing the critical lessons taught in the classroom,” said Phil Rossetti, senior partner at Hale and Dorr LLP. “We are delighted to be part of this valuable networking and educational experience.”

The company visits will be complemented by a networking event, January 16, 6-9 p.m., at the offices of Atlas Venture and Castile Ventures (media invited- http://www.sloanmediatech.org/massinvite). In addition to the MBAs, executives from the Trek companies will be in attendance, as well as individuals from the Greater Boston technology, life sciences, and venture community.

“By sponsoring the networking function, we give students the opportunity to learn first-hand from senior executives what skills and methods are necessary to survive in this competitive economic environment,” said Parag Shah, senior vice president at Comerica Bank. “The vision of these executives and the stories of their experience provide critical guidance to students planning a career in the Massachusetts technology or life sciences industries.”

The goal of the Tech Trek is not only to introduce students to good companies and fascinating technologies, but to also provide students with an opportunity to obtain gainful employment for both summer internships and full-time employment after graduation.

“As someone who moved to Boston to attend MIT Sloan and plans to work in the Boston technology community after graduation, the Tech Trek provides a great opportunity for me to get a lay of the land and meet some of the key players in the industry,” said Brad Terrell, MBA '04.

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. The School's mission is to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.

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