STEM MBA programs are designed to build not only your business skills but also your technical skills. STEM MBA programs are quickly becoming popular among international students. These programs bring along with it an extended visa duration which a non-STEM program does not. However, it is not for everyone owing to the technical nature of it.
In this article, we’ll explore STEM MBA programs, their advantages, the opportunities STEM MBA graduates get, and who is the right fit for this STEM program.
Here is the outline of the article:
- What are STEM programs?
- What are STEM MBA programs?
- What are the benefits of STEM MBA programs?
- List of STEM MBA programs
- Who is the right fit for STEM MBA?
What are STEM programs?
STEM is an acronym for Science, Technology, Engineering, and Mathematics. If a field of study falls in any of the four disciplines mentioned, then that program is categorized as a STEM program. Click here to access the full list of STEM programs as per USCIS (United States Citizenship and Immigration Services)
What are STEM MBA programs?
Technically, business education programs cannot be categorized as STEM courses. However, in recent years, US business schools have been offering STEM MBA programs to attract international students. What a STEM MBA program offer is business skills with an emphasis on STEM applications.
They include accounting, business analytics, decision theory, finance, economics, information technology, law, marketing, management, statistics, and strategy while providing business skills to be successful in management and leadership roles.
What are the benefits of STEM MBA programs?
These programs offer a mix of business and technical education. STEM MBA graduates, therefore, find employment in specialized fields related to technology and analytics.
According to this report by Jacqueline Varas, Director of Immigration and Trade Policy at the American Action Forum, there will be a shortage of 1.1 million STEM workers by 2024. This shortage tells us the scope of opportunity for STEM graduates in the United States.
Employment opportunities for STEM MBA graduates on the rise
As more businesses tend to use data to make business decisions, data analytics and business skills will become more intertwined. This trend will result in organizations needing graduates with a business as well as an analytics acumen. STEM MBA graduates will be the ones to step in to meet this rising demand.
STEM MBA offers a 36-month OPT
STEM MBA graduates will also be able to leverage the OPT extension period after graduating. A typical graduate gets a 12 month OPT (optional practical training) as compared to a 36 month OPT for a STEM graduate. Here is complete information on OPT.
List of STEM MBA programs
Here is a list of STEM MBA programs offered by US business schools:
- Michigan Ross to launch STEM Track for its Full-time MBA Program
- NYU Full-Time MBA receives STEM designation for its entire program
- Yale SoM STem MBA concentration
- Columbia Full-Time MBA is Officially a STEM-designated Program
- TUCK MBA STEM Track – Management Science and Quantitative Analysis option
- UNC MBA – STEM Concentration
- Majors in Statistics, Actuarial science, Business Analytics, Business Economics & Public Policy – Wharton
- Business, Energy, Environment & Sustainability – Wharton
- Operations, Information, and Decisions – Wharton
- Business Analytics and Analytic Finance – Chicago Booth
- MBA (All programs) –UC Berkeley Haas
- MBA (All programs) – CMU Tepper
- MBA (All programs) – University of Rochester – Simon Business School
- Master of Business Analytics – MIT Sloan School of Management
- MS Business Analytics & Information Management, Purdue – Krannert School of Management
- MS Marketing, Purdue – Krannert School of Management
- MS Finance, Purdue – Krannert School of Management
- MS Global Supply Chain Management, Purdue – Krannert School of Management
- MS Economics, Purdue – Krannert School of Management
- MBA in Operations and Technology Management (MBA specialization) – Wisconsin School of Business
- MBA in Supply Chain Management (MBA specialization) – Wisconsin School of Business
- MBA in Business Analytics – University of Massachusetts Dartmouth, Charlton College of Business
- MBA/MS in Business Analytics Dual Degree – University of Notre Dame, Mendoza College of Business
- MBA – Worcester Polytechnic Institute – Foisie Business School
- Masters in Finance – Tippie College of Business
- Masters in Business Analytics – Tippie College of Business
- Masters in Finance – Whitman School of Management
- MS in Finance – Caroll School of Management, Boston College
- MS in Finance degree – SMU Cox School of Business
STEM MBA – Who is it for?
STEM MBA programs in their current form are a mix of business and analytics courses. They are focused on building business skills using data sciences. However, not every MBA applicant will be from a technical academic background and might be less interested in this program.
Moreover, there will be applicants who will be aiming for a more general management program, and therefore, STEM MBA might not be a good fit for them. Therefore, while opting for a STEM MBA make sure you are comfortable with the technical and science-based curriculum.
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