CAMBRIDGE, Mass. (TheStreet) -- ExxonMobil (XOM), Microsoft (MSFT) and Amgen (AMGN) are among companies that sponsor a summer program at the Massachusetts Institute of Technology that's designed to teach whiz kids that brilliant scientific minds can yield lucrative careers.
It used to be that learning science was an end in itself. Not always at MIT, whose alumni helped found companies including Intel (INTC), Texas Instruments (TXN), Genentech (DNA) and Harmonix, maker of the "Rock Band" video game and a unit of Viacom (VIA).
The Center for Excellence in Education's Research Science Institute at MIT is a free, six-week program for 80 of the smartest high school kids in the world, 50 of whom are American citizens. About 1,000 vie for the spots. The Research Science Institute differs from other hey-kids-science-is-wicked-cool programs in that the students get a chance to interact with a mix of superstar mentors from the academic and business worlds -- Nobel laureates, successful entrepreneurs and capitalists.
"What is needed in the business community is mentoring by those who have made it," says Joann DiGennaro, who co-founded the Center for Excellence in Education in 1983 with Admiral H.G. Rickover, who led the effort to build the world's first nuclear-powered submarine, the U.S.S. Nautilus, which is why students in the program are known as "Rickoids." Some 80% of the Rickoids end up pursuing careers in science, technology, engineering or math, DiGennaro says.Corporations that donate at least $10,000 to the Center for Excellence in Education get the chance to woo program alumni at an exclusive recruitment reception each November. And investors wondering where to place their bets in the next decade might do well to skulk around the MIT campus in the summer. The Research Science Institute has proven to be a breeding ground for young entrepreneurs.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV