Undergraduate Programs

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

Required subjects		Units
6.041	Probabilistic Systems Analysis	12
14.01	Principles of Microeconomics	12
15.053	Optimization Methods in Management Science	12
15.075	Statistical Thinking and Data Analysis	12

Students may use 18.440 as a substitution for 6.041, and 18.443 as a substitution for 15.075, provided they are taken at MIT rather than by transfer credit. 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
Finance
15.401	Finance Theory I	9
15.433	Investments	9
15.437	Options and Futures Markets	9
Information Technologies
15.567	The Economics of Information: Strategy, Structure and Pricing	9
Marketing
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
15.071	The Edge: Decision Methodologies for Managers	9
15.073	Logistical and Transportation Planning Methods	12
15.074	Statistical Reasoning and Data Modeling	12
System Dynamics
15.871	Introduction to System Dynamics	6
15.872	System Dynamics II	6
15.875	Applications of System Dynamics	9
Transportation
15.054	The Airline Industry	12

Sloan Bidding

As a general rule, students must pre-register and bid for every Sloan subject they wish to take the following term. Sloan students receive a higher bidding priority than other MIT students to ensure they will be able to complete their programs.

Students enrolled in the Minor in Management will be given Sloan student priority for Sloan subjects that are required for the minor and for the restricted electives listed above. They will receive the priority of interdepartmental students for all other Sloan subjects.

For additional information about the bidding process, visit the Sloan Bidding site.