Do you want to stay in the US for up to 3 years and earn enough dollars to continue your studies in the country? If yes, then we have an amazing idea where you have the perfect combination of opportunities and employment at the same time. We present you with a STEM MBA to broaden your views and aspire to fulfill your goals.
With most business schools helping you stay in the US for a maximum of 12 months, allowing you to work and recover the costs for that period, it may not be enough. This is where the concept of STEM in the USA comes into play. STEM includes science, technology, engineering, and mathematics in its curriculum.
Here is a snapshot of the article:
1. Top 25 STEM MBA programs in the USA with their tuition cost
3. STEM MBA in USA Admission Requirements and Eligibility
5. STEM MBA Program- Curriculum
6. Opportunities in STEM field Post-STEM MBA
7. Frequently Asked Questions (FAQs)
STEM MBAs or specialization tracks allow a candidate to work in the US for up to 3 years and earn enough to continue their studies in the country. However, the STEM program in the USA is an expensive monetary investment. With most business schools helping you stay in the US for a maximum of 12 months, allowing you to work and recover the costs for that period, it may not be enough. This is where the concept of STEM in the USA comes into play.
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STEM MBA programs have been increasingly adopted at business schools in the United States. An increasing number of schools choose to include a science, technology, engineering, and mathematics (STEM) section into their MBA curriculum, driving both application volume and enrollment. The STEM MBA trend has mainly become famous due to Curbing any additional documentation and Visa requirements. Moreover, a STEM graduate is expected to get higher salaries compared to those with traditional MBAs.
It’s worth noting that the STEM graduates are eligible to extend their stay in the US for three more years in total, making them far more competent to the employers.
This article will discuss all STEM MBA programs with options ranging from fully integrated STEM MBAs to dual degrees, their eligibility, application requirement, tuition cost, advantages, curriculum, career opportunities, and much more.
STEM stands for Science, Technology, Engineering, and Mathematics and STEM MBA is a joint degree designation authorized by the Department of Homeland Security (DHS) of the US Government. The STEM MBA course allows international students to stay and work in the US for three years post-graduation. Some standard programs considered STEM by the US Government include Management Science, Business Statistics, Quantitative Methods, Mathematics, and Computer.
Top 25 STEM MBA Programs in the U.S. with their tuition cost
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This table includes the top 25 STEM MBA programs, including their tuition fees. However, the tuition varies according to the year.
| School | STEM MBA Program | Tuition Fees |
|---|---|---|
| Harvard Business School | Management Science Track in Full-Time MBA | $1,46,900 |
| Stanford GSB | Entire Full-Time MBA, MSx Degrees | $1,49,450 |
| UPenn (Wharton) | Majors in Full-Time MBA: Actuarial Science; Business Analytics; Business Economics & Public Policy; Business, Energy, Environment & Sustainability; Operations, Information & Decisions; Statistics | $1,67,748 |
| Chicago (Booth) | Entire Full-Time MBA | $1,46,980 |
| Massachusetts Institue of Technology (Sloan) | Entire Full-Time MBA, Sloan Fellows MBA, Sloan Executive MBA | $1,54,550 |
| Northwestern (Kellogg) | Management Science Major in Full-Time MBA | $1,03,330 |
| Columbia Business School | Entire Full-Time MBA; Executive MBA | $1,54,760 |
| UC-Berkeley (Haas) | Entire Full-Time MBA, Evening & Weekend MBA, Executive MBA | $1,36,900 |
| Dartmouth (Tuck) | Management Science & Quantitative Analysis Track in Full-Time MBA | $1,55,040 |
| Yale SOM | Management Science Concentration in MBA, Master of Advanced Management; Entire Master of Asset Management | $1,19,900 |
| Michigan (Ross) | Business Analytics Track in Full-Time MBA | $1,50,000 |
| Virginia (Darden) | Specialization in Management Science in Full-Time MBA | $71,112 |
| NYU (Stern) | Entire Full-Time MBA, 1-Year Andre Koo Technology and Entrepreneurship MBA | $1,53,600 |
| Cornell (Johnson) | One- and Two-Year Management Science MBAs | $1,11,450 |
| Duke (Fuqua) | MBA With Track Credential in Management Science and Technology Management (MSTeM) | $1,40,000 |
| UCLA (Anderson) | Full-Time, Fully-Employed, and Executive MBAs | $1,30,300 |
| Carnegie Mellon (Tepper) | Entire Full-Time MBA | $1,40,000 |
| Texas-Austin (McCombs) | MS in Finance, MS in Marketing, MS in Energy Management | NA |
| USC (Marshall) | Specialization in Management Science in Full-Time MBA | $1,24,715 |
| UNC (Kenan-Flagler) | Business Analytics & Management Science Concentration in Full-Time MBA | No Data |
| Washington (Foster) | Technology Management MBA, MS in Business Analytics | $1,07,136 |
| Emory (Goizueta) | MS in Business Analytics | $1,43,800 |
| Georgetown (McDonough) | Management Science Major in Full-Time MBA | $1,24,740 |
| Indiana (Kelley) | Five Majors In Full-Time MBA: Accounting, Business Analytics, Finance, Marketing, and Supply Chain & Operations | $1,07,500 |
| Rice (Jones) | All Master's Programs | $1,18,000 |
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Reasons to choose STEM MBA
One of the best features of a STEM MBA is that it provides the best technological world apart from the best business world. Hence, if you are not a traditional MBA graduate but a technical graduate and want to pursue a career in that field, a STEM MBA can also open doors for employment in these specialized areas.
Moreover, it’s no surprise that a management graduate with sound technical knowledge would have higher demands in the job market. Being a STEM graduate, you are incredibly qualified for higher-pay scale job opportunities in the US.
With the 21st century recognized as the prime era of technology, modern organizations would not only need people with managerial and business skills, but they would also require eligible candidates with technical and analytical skills. Moreover, with data analytics at the forefront of business growth, the demand for qualified candidates with data analytical skills will only increase.
STEM MBA in USA Admission Requirements and Eligibility
There are no specific eligibility criteria for STEM MBA other than the basic MBA qualifications. But MBA applicants with a science and technical background favor STEM MBA over other applicants opting for traditional MBA concentrations such as HR or General Management since any person from a business background won’t be much interested in pursuing a curriculum with a mix of science fundamentals. Thus, the STEM MBA is preferably suited for candidates with an academic background in science and technology, making STEM a solid option to ponder over.
The eligibility criteria for STEM MBA in USA are the same as that of a regular MBA in the USA. The generic requirements to start with the STEM MBA in the USA application include
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Bachelor’s degree (preferably in STEM)
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GRE/ GMAT Scores
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Academic Transcripts
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English Proficiency Test Scores (IELTS, TOEFL, PTE)
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LORs, SOPs
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Resume, CV
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Work Experience
We have mentioned the requirements for some of the top b-schools.
| Institute | Application Fees | SOP/LOR/ Writing Samples | GRE/GMAT Score | TOEFL Score | Average Work Experience |
|---|---|---|---|---|---|
| MIT Sloan | 250 USD | Cover Letter (300 words or lower), one professional LOR, two additional professional references, Video statement (within 1 minute), Writing samples, Optional Short Answer Questions | Competitive GRE/ GMAT score or waiver | TOEFL iBT: 90TOEFL PBT: 577 | 5 years |
| NYU Stern School of Business | 250 USD | 2 EQ Endorsements, 3 Essays, and 150-word Short Answer: Professional Aspirations | Average GMAT score: 733, Average GRE: 163 | TOEFL iBT: 100 or equivalent | 4.9 years |
| Harvard Business School | 250 USD | 2 LORs, one essay | No minimum GMAT or GRE score | TOEFL iBT: 109 | 5 years |
| The University of Chicago Booth School of Business | 250 USD | 2 LORs, Essay | Average GMAT: 724 | TOEFL iBT: 104, TOEFL PBT: 600 or equivalent | 4.5 years |
| Tepper School of Business | 200 USD | 1 essay, a 2 min video essay (goals), 1 professional LOR | Average GMAT: 700 | TOEFL Score: 25 in each section | 5.8 years |
| Babson Co llege | 100 USD | LOR | Optional GMAT or GRE score | TOEFL iBT: 100 | 4.8 years |
| Stanford Graduate School of Business | 275 USD | 2 professional LOR, essays | GMAT or GRE score with no minimum score | TOEFL score: 109 | 4.8 years |
| The Wharton School | 275 USD | 2 LORs, 2 Essays | Average GMAT score: 733 | Average TOEFL iBT: 115 | 5 years |
| Kellogg School of Management | 250 USD | Essay (300 words), LOR | Median GRE Verbal: 162, GRE Quant: 165, GMAT score: 727 | TOEFL iBT: 100TOEFL PBT: 600 | 5.2 years |
Advantages of STEM MBA
STEM MBA provides various advantages apart from other MBA programs. There are a few primary advantages of STEM MBA such as
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Increased Market reach
STEM MBA graduates are trained in technical and management subjects, which helps them acquire the essential skills demanded in the corporate world. With technology having a vast share among business operations, including management and leadership. The demand for such candidates would only increase in the future over any standard graduate with the rampant adoption of technologies across all industries.
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Better Networking
Students with outstanding technical backgrounds from top B-schools eventually secure exemplary jobs in the market and more excellent networking opportunities with the school alumni by studying alongside these STEM MBA students that you can leverage throughout your career.
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Visa Extension
The US government allows international students majoring in STEM MBA programs, which need to be from SEVIS-approved and accredited US colleges, to apply for an additional 24-month OPT extension on top of the regular standard 12 months authorization. Therefore, making the STEM MBA graduates suitable for a total OPT authorization period of 36 months, helping international students get an edge in their employability.
STEM MBA program - curriculum
Usually, a standard STEM MBA is approximately 60 credit hours completed over two years. The STEM MBA program focuses on teaching technology through coursework and experiential learning projects built into a curriculum.
Typically, there are two core subjects offered as part of the STEM MBA program
· Statistics & Decision Making – CORE
· Business Analytics - CORE
In the first year of the STEM MBA program, the students have to complete the core requirements of the full-time STEM MBA program. Then, while following the common MBA trend, in the second year of the program, students work directly with their MBA program manager and faculty director to select STEM-specific courses to meet their overall career objectives and goals. Other than that, all students are strongly suggested to complete an internship while graduating with an MBA.
OPPORTUNITIES IN STEM FIELD POST-STEM MBA
The STEM MBA program prepares you to harness the science of management by utilizing technology, data, and analytics and making better business decisions. Across every industry, employers are seeking analytical thinkers and data-driven decision-makers to work in an environment infused with technology.
As more businesses tend to opt for data-driven business decisions in the modern era, data analytics and business skills will become more intertwined. This will result in a new trend among organizations needing a business and analytics understanding, creating a demand for STEM MBA graduates.
Since it’s a mix of business and technical education, STEM graduates are primarily employed in fields specialized in technology and analytics.
This is it from our side; we hope you got great insights about STEM MBA programs in USA. If you want to increase your chances, get help from our experts.
We offer a limited number of complimentary profile evaluations each week. We match you with the students and alums of top B-Schools according to your background and target schools. In this call, the experts will try to dig out your USP for top B-schools and provide you with honest feedback on your profile and chances to your target schools.
If you want to know more about how to apply and get enrolled in your dream STEM MBA Program, hop on to our 45-minute extensive consultation call. Our expert team will guide you through every step of your application form to ensure your selection in your Dream STEM MBA Program.
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FREQUENTLY ASKED QUESTIONS
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What is a STEM MBA?
STEM stands for Science, Technology, Engineering, and Mathematics and is a joint degree designation opted to get trained in both technical and management subjects. Some standard programs considered STEM include Management Science, Business Statistics, Quantitative Methods, Mathematics, and Computer.
2. What jobs can you get with a STEM MBA?
The STEM MBA program prepares you to harness the science of management by utilizing technology, data, and analytics and making better business decisions.
Since it’s a mix of business and technical education, STEM graduates are primarily employed in fields specialized in technology and analytics.
3. Is a STEM MBA worth it?
As more businesses tend to opt for data-driven business decisions in the modern era, data analytics and business skills are bound to become more intertwined.
Moreover, a management graduate with sound technical knowledge has a higher demand in the market. Being a STEM graduate, you are incredibly qualified for higher-pay scale job opportunities.
4. Is MBA included in STEM?
STEM MBA is a joint degree designation. It includes statistical and analytical courses and traditional MBA courses to provide sound technical knowledge with excellent management and leadership skills, making you a whole package!
