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
15.411	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
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
15.068	Statistical Consulting	9
15.071	The Analytical Edge	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

Students must pre-register and bid for every Sloan graduate subject they wish to take the following term. Students will no longer bid for Sloan undergraduate subjects (those designated as “U” in the MIT Subject Listing and Schedule).

Students enrolled in the Minor in Management will be given Sloan student priority for Sloan graduate subjects on the list of restricted electives above.

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

* Students may use 15.058 as a substitution for 15.053. Additional information about these courses can be found on Prof. James Orlin’s web pages.

** Special seminar topics change from term to term; this seminar will satisfy the requirement if it is taken during the term indicated.