The nation has many highly-ranked business schools; MBA in the country is for two years and include an internship during the summer months, which helps in providing students with great exposure and experience. The US is a hub of many multinational companies and businesses, allowing students to find a job in the country.
And now business schools in the USA have integrated a specialised master’s degree in science, technology, engineering, and mathematics into their curriculum known as STEM MBA. If a field of study falls in any of the four disciplines mentioned, then that program is categorised as a STEM program.
This article will discuss what STEM MBA is and how it is different from general MBA in the US and top business schools in the US that offer STEM MBA.
What is STEM MBA?
A STEM MBA program offers business skills with an emphasis on the STEM category. The curriculum generally includes accounting, business analytics, decision theory, finance, economics, information technology, law, marketing, management, statistics, and strategy while providing business skills to succeed in management and leadership roles.
As more businesses tend to use data to make business decisions, data analytics and business skills will be more in demand, resulting in the hiring of more STEM graduate students as they possess knowledge of business and technical education.
STEM MBA is a mix of business and analytics courses. Therefore a candidate with technical background knowledge or science knowledge will be suitable for this course.
The difference between STEM MBA and other MBA is that; the general MBA duration in the US is for two years, and students graduating from STEM courses can prolong their stay in the US for three more years. Being a STEM graduate, you would have opened up more opportunities than those with the traditional MBA degree.
Top business schools in the USA that offer STEM MBA program
In 2020, Harvard introduced two STEM degree programs. They were the Master of Science in Engineering Sciences and Master of Business Administration (MS/MBA). The Management Science takes place over both the program’s two years. The curriculum includes Entrepreneurial Management, Negotiation, and Technology and Operations management. Another program is the MS/MBA Biotechnology, Life Sciences Program is a collaboration of HBS and the Graduate School of Arts and Sciences in the Harvard Department of Stem Cell and Regenerative Biology.
Wharton is one of the prestigious business schools in the US. A student over here gets to choose from six majors and specialisations, which are now STEM-designated. These include Business Analytics, Business Economics & Public Policy, Business, Energy Environment & Sustainability, Operations, Information & Decisions, Quantitative Finance and Statistics.
Marshall’s STEM-certified Management Science specialisation is designed to combine data-driven decision-making and analytics with business fundamentals and leadership. Students must apply quantitative and scientific methods to business challenges. These include statistics, data analytics, operations and supply chain optimisation, finance, forecasting, and digital marketing and modelling.
This is a joint-degree program between the Kellogg School of Management and the Feinberg School of Medicine and medical students. Northwestern University offers its STEM-designated Management Science major for MBA to international students. After completing this course, students can opt for practical training extensions to their F-1 visas. Its approval of which will allow them to extend their stay for three years and work in fields related to Management Science.
Students who opt for a Management Science specialisation within the full-time MBA can focus on various exciting topics. These include The Psychology of Startups and Artificial Intelligence for Business. Some of the electives for this STEM are Big Data Management: Tools and Techniques, Fintech: Blockchain, Cryptocurrencies, and Marketing Engineering and Analytics.
NYU Stern offers two STEM-designated MBA degree programs. These reflect integrating technology and analytics into the curriculum: the two-year Full-time MBA and the focused one-year Andre Koo Technology and Entrepreneurship MBA. Students can opt to select specialisations from a list of over 20, ranging from strategy to finance and technology to digital marketing to sustainable business and innovation.
There are three STEM-designated courses offered at UCLA. The Fully Employed MBA (FEMBA) is a customisable part-time program whose duration is three to five years and is taught both in-class and online. Full-time MBA candidates will complete their course in person within two years. The more experienced Executive Masters Of Business administration (EMBA) students will study at weekends over 22 months.
Located within New York City, Columbia Business School aims to provide students with a fast-paced, competitive experience to match their surroundings. Both their MBA and EMBA programs have received STEM designation. Students can enrol for intakes in January and August for the MBA and May and August for the Executive Masters Of Business Administration (EMBA).
We hope this clarified any doubts you had about a STEM MBA in the USA.
1. Is MBA a STEM degree?
MBA is not a STEM degree. However, a few MBA programs are STEM-designated, focusing on business analytics, decision theory, finance, economics, information technology, law, marketing, management, statistics, and strategy.
2. What does STEM stand for?
STEM stands for Science, Technology, Engineering, and Math.