• Minor in Management Science

    The Minor in Management Science introduces undergraduates in other MIT majors to the techniques of quantitative business analysis and their application to practical problems.

    This minor comprises four required subjects and two electives. The required subjects are the following:

    Required subjects Units
    6.041 or 18.440 Probability 12
    14.01 or 15.016 Microeconomics 12 or 9
    15.053 or 15.058* Optimization Methods 12
    15.075  or 18.443 Statistics 12

    No other substitutions will be permitted.

     The two electives in the Minor in Management Science, unlike the Minor in Management, must be chosen from a list of restricted electives (below). Each subject must carry at least nine units of credit. Two six-unit subjects count as a single elective. No substitutions or alternative electives will be permitted.

    Restricted Electives (Two six-unit subjects count as one full subject.) Units
    15.411 Finance Theory I 9
    15.433 Investments 9
    15.437 Options and Futures Markets 9
    15.450 Analytics of Finance 9
    Information Technologies
    15.567 The Economics of Information: Strategy, Structure and Pricing 9
    15.812 Marketing Management 9
    15.818 Pricing 9
    Operations Management
    15.761 Introduction to Operations Management 9
    15.762 Supply Chain Planning 6
    15.763 Manufacturing System and Supply Chain Design 6
    15.770 Logistics Systems 12
    Operations Research / Statistics
    15.062 Data Mining: Finding the Data and Models that Create Value 6
    15.068 Statistical Consulting 9
    15.071 The Analytics Edge 9
    15.073 Logistical and Transportation Planning Methods 12
    15.074 Predictive Data Analytics and Statistical Modeling 12
    System Dynamics
    15.871 Introduction to System Dynamics 6
    15.872 System Dynamics II 6
    15.875 Applications of System Dynamics 9
    15.054 The Airline Industry 12


    MIT Sloan Bidding

    MIT Sloan uses a course bidding system to determine enrollment in graduate courses.  Students should pre-register and bid for every MIT Sloan graduate subject they wish to take the following term. Students enrolled in the Minor in Management Science will be given MIT Sloan student priority for graduate subjects on the list of restricted electives above. 

    Students who wish to take undergraduate subjects (those designated as “U” in the MIT Subject Listing and Schedule) should pre-register for them as they would any other MIT course.  (Bidding is not necessary.)  For additional information about the bidding process, visit the MIT Sloan Bidding site. 

    * Additional information about these courses can be found on Prof. James Orlin’s web pages.