MIT Sloan School of Management

The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. It offers bachelor's, master's and doctoral degree programs as well as executive education. Many influential ideas in management and finance originated at the school, including the Black-Scholes model, the random walk hypothesis, the binomial options pricing model and the field of system dynamics. The school began in 1914 as the engineering administration curriculum in the MIT Department of Economics and Statistics, a program offering a master's degree in management was established in 1925, and a Sloan Foundation grant established the MIT School of Industrial Management in 1952. Its faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners.