GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 06 Dec 2019, 03:29

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

STEM MBA is the Next Big Thing

  new topic post reply Update application status  
Author Message
SVP
SVP
User avatar
D
Joined: 16 Jan 2012
Posts: 1870
STEM MBA is the Next Big Thing  [#permalink]

Show Tags

New post 22 Nov 2019, 10:10
2
4
The Rise and Rise of the STEM MBA in America

International MBA students studying on an F1 visa in the USA gain access to the American job market through the OPT or the Optional Practical Training. OPT allows international students temporary employment of up to 12 months in the USA  buying them time for applying to the lottery-based H1B visa - that holds the fate of thousands of international professionals to ransom every year.

With the ongoing anti-immigrant political scenario in the US, and tightening of the H1B visa law, finding jobs has become increasingly challenging. Getting an H1B visa is a gamble anyway; add to this, the reluctance of employers- even traditionally favorable ones- to hire international students. The result is, prospective students are now shying away from applying for American MBAs, leading to drastic falls in applications across US business schools.

In this glum scenario, b-schools offering a STEM designation for their MBA programs bring tremendous hope for international applicants. STEM designations were traditionally granted to academic programs focused on Science, Technology, Engineering, and Math. These programs are allowed a 24-month extension to the OPT, thus allowing students a 3-year stay in the US without needing the H1B visa. So far, only technical Masters programs were STEM-designated, but since the past 2-3 years, MBA programs are also becoming STEM certified for certain MBA specializations or the entire MBA programs.

So, how do MBA and STEM degrees work together? The purpose of an MBA program is to develop future business leaders. As businesses increasingly employ data and analytics for superior decision making, acquiring advanced quantitative skills and analytical frameworks become crucial skills for MBA students. The STEM MBAs focus on building exactly these technical skills while also imparting core business education to students. This combination of technical and management skills makes MBAs more attractive to employers.

We at MBA Decoder are excited about these changes and have compiled a list of the b-schools that have started offering the STEM designation.

STEM DESIGNATION FOR ENTIRE MBA PROGRAM

Simon Business School at the University of Rochester was among the first MBA to offer a STEM MBA in 2018. At Simon, you can select any of their 10 areas of specialization (Asset Management, Banking, Corporate Finance, Venture Capital & Private Equity,  Brand Management, Product Management, Operations, Pricing, Strategy, Technology)  and still receive a STEM designation. Simon has no special application for applying to the STEM MBA. All you need to do is make your choice known by ticking the right box when you are filling up your application.

Carnegie Mellon University's Tepper MBA gained the STEM designation this year. Tepper has since long positioned itself as a b-school that integrates business, technology, and analytics. Last year, Tepper launched the Tepper Quad- an innovation hub where the MBA program is housed, providing it access to all other colleges of Carnegie Mellon University, bringing together students studying cutting edge technology, entrepreneurship, analytics and other technical degrees for making business magic together.  The Tepper MBA has an intense focus on developing students' advanced quantitative skills across all specializations of the MBA, therefore the STEM designation for the entire MBA sounds a natural step in the program's evolution.

Berkeley Haas MBA is the latest to receive the STEM Designation for the Full-Time MBA program, EMBA and the weekend MBA programs. According to Haas' press release, after review from the  National Center for Education Statistics,  the Haas MBA degree programs were changed from “Business Administration and Management, General,” to “Management Science,” which is considered a STEM MBA. F1 visa students can apply for visa extensions in their first year of work after completing their MBAs.

STEM DESIGNATION FOR SOME COMPONENTS OF THE MBA PROGRAM

In April 2019, Darden announced its STEM-designated MBA concentration in Management Science. This has been launched for students who want a quantitative and analytical focus in their MBA studies. The students must complete selected courses with a quantitative and analytical focus. The courses include Accounting, Economics, Finance, Marketing, Quantitative Analysis, Strategy, and Technology and Operations. Forty electives currently taught at the b-school satisfy this requirement.

At Duke's Fuqua School of Business, the Management Science and Technology Management track (MSTeM), which is part of the regular 2 year MBA helps students earn the STEM degree and prepares students for careers in healthcare, consulting, technology, manufacturing, entrepreneurship, and finance

At the Wisconsin MBA program, two of their ten specializations are STEM-designated. The Operations and Technology Management specialization is for students who have backgrounds in engineering, science or other areas of technology and operations. The specialization further offers 5 informal tracks depending upon the electives a student takes. These are: Business Analytics, healthcare management,  entrepreneurial management, technology product management, and productions systems management. The Supply Chain Management specialization is the second STEM-designated course at Wisconsin. As part of these two specializations, the students can also focus on their area of interest by earning a certificate in business analytics, entrepreneurship, strategic innovation, and sustainability.

At USC Marshall School of Business, the management science specialization of the regular MBA course qualifies as a STEM degree. Students can apply for the STEM designation after they complete the core component of the first semester. To qualify for the management science MBA, students should have a GPA of atleast 3.0

At Mendoza College of Business, Notre Dame University, the MBA/MSBA dual degree program is offered as STEM-designated.

Krannert School of Business at Purdue University announced its STEM MBA in June 2019, for four specialization areas: Business Analytics and Information Management, Finance, Global Supply Chain Management, and Marketing. The STEM-designated MBA will "offer an immersive set of quantitative classes grounded in statistics, computer applications and data analysis, along with core business classes that will develop students’ analytical and problem-solving skills".

The Vanderbilt MBA offers its finance concentration as a STEM degree program. In the words of Sue Oldham, Associate Dean, MBA Programs Operations, “This STEM designation is a direct result of the leadership team here listening to what our students are saying, specifically our international students”.

The Weatherhead MBA at Case Western University also offers a STEM MBA. The program features two STEM -approved core courses: Business Analytics and Statistics and Decision Making in addition to a roster of STEM electives that include Quantitative Risk Modeling, Advanced Marketing Analytics, Six Sigma and Quality Management, Predictive Modeling and Artificial Intelligence.
_________________
Namita Garg,
http://www.mbadecoder.com
Contact us at: contact@mbadecoder.com

Ask us for ASSESSING YOUR MBA CHANCES

Invested In Your Success
Intern
Intern
avatar
B
Joined: 02 Jan 2019
Posts: 11
Location: India
GMAT 1: 740 Q49 V42
Re: STEM MBA is the Next Big Thing  [#permalink]

Show Tags

New post 24 Nov 2019, 22:10
Thank you for this comprehensive list! Do you forsee any other schools with a potential to get the STEM tag?
SVP
SVP
User avatar
D
Joined: 16 Jan 2012
Posts: 1870
Re: STEM MBA is the Next Big Thing  [#permalink]

Show Tags

New post 25 Nov 2019, 00:11
anansak123 wrote:
Thank you for this comprehensive list! Do you forsee any other schools with a potential to get the STEM tag?


We are keeping a close eye on any news releases from b-schools related to this. Will definitely update the blog.
Other than these MBAs, there are some dual degree programs also that offer STEM. We'll do an article on those another time.
_________________
Namita Garg,
http://www.mbadecoder.com
Contact us at: contact@mbadecoder.com

Ask us for ASSESSING YOUR MBA CHANCES

Invested In Your Success
Intern
Intern
User avatar
S
Joined: 14 Jan 2016
Posts: 22
Location: India
Concentration: Marketing, General Management
GMAT 1: 710 Q50 V35
GMAT 2: 750 Q50 V41
GMAT ToolKit User
Re: STEM MBA is the Next Big Thing  [#permalink]

Show Tags

New post 27 Nov 2019, 21:18
Thank you so much for including the tracks one needs to take in order to be eligible for the STEM designation.
That's really very helpful.


Is it true that for the OPT extension, the nature of your job needs to be the technical one?
So if I'm pursuing the MSBA/MBA from mendoza, I'll only be eligible for the extension if my job has the MSBA aspects?

Posted from my mobile device
_________________
The only alternative to hard work is HARDER work.
INSEAD School Moderator
User avatar
D
Status: MBA Admissions Consultant
Affiliations: MBA Prep Coach
Joined: 24 Mar 2015
Posts: 2432
Farrell D Hehn: MBA
Re: STEM MBA is the Next Big Thing  [#permalink]

Show Tags

New post 27 Nov 2019, 22:39
Kellogg too now, per BB. Yay.

Posted from my mobile device
_________________
Farrell Dyan, MBA Admissions Consultant
Verified reviews posted on http://MBAPrepCoach.com
SVP
SVP
User avatar
D
Joined: 16 Jan 2012
Posts: 1870
Re: STEM MBA is the Next Big Thing  [#permalink]

Show Tags

New post 28 Nov 2019, 00:09
MBAPrepCoach wrote:
Kellogg too now, per BB. Yay.

Posted from my mobile device



Yeah, I read that yesterday!

That's the reason I selected this topic for the post. I am sure its the next wave among b-schools.....this is a developing story, building everyday :)


Here is the info on that:
Kellogg: The Management Science major focuses on the application of analytical techniques, tools, and models across the school’s academic disciplines. This critical coursework will prepare students to both manage and direct analyses to improve decisions. Students who major in Management Science will be prepared for a wide range of careers including consulting, technology, finance, and entrepreneurship.

The Management Science major qualifies as a STEM-designated field of study


In addition, Booth has a STEM-approved Analytics concentration as well. Read further:
Business analytics is designed for students interested in learning how to manipulate, manage, and analyze data sets and models, and how to translate the derived knowledge and insight into business decision-making. In this interdisciplinary concentration, you will then choose from a list of elective courses from statistics, marketing, operations, and business analytics.
Additionally, the Business Analytics concentration is designated STEM-eligible for Optional Practical Training (OPT) purposes.
_________________
Namita Garg,
http://www.mbadecoder.com
Contact us at: contact@mbadecoder.com

Ask us for ASSESSING YOUR MBA CHANCES

Invested In Your Success
GMAT Club Bot
Re: STEM MBA is the Next Big Thing   [#permalink] 28 Nov 2019, 00:09
Display posts from previous: Sort by

STEM MBA is the Next Big Thing

  new topic post reply Update application status  





Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne