Everybody knows that MBAs command sky-high salaries, but what's a newly minted MLOG worth? Apparently, quite a lot. Recent graduates of MIT's Master of Engineering in Logistics (MLOG) program are pulling down a median salary of approximately $90,000, according to a new survey from the Massachusetts Institute of Technology. That represents a raise of nearly 80 percent over what the students were earning when they entered the program just nine months earlier.
MIT's MLOG program, introduced five years ago, has an excellent track record of placing graduates in high-level positions, reports MLOG's executive director, Chris Caplice. And the word is apparently starting to get out: Applications for the program, which has produced more than 130 graduates, have grown 34 percent annually since its inception. This year's MLOG class was the largest to date.
Who are these MLOG students? The program continues to attract students interested in changing careers. One-third of new enrollees fit that category, says Caplice. "We had one student who was a structural engineer who is now at Cap Gemini working in their RFID area," he says. "We see a lot of people in mid-career looking for a change."
MIT's program was recently ranked number one among graduate programs in logistics and supply chain management by U.S. News & World Report, the third year in a row that MIT has received the accolade.