The most important parameter in choosing a school or country is a post-MBA work permit because that can really help you to settle down and get your desired job in that country. So longer the post-MBA permit is, better it is for your future and that’s the reason a STEM MBA program could be an ideal program in the USA. STEM MBA programs offer a 3-year work permit post-MBA degree, which makes this the most attractive program for international students. Let’s deep dive into the STEM MBA program and analyze the advantages and opportunities.
STEM
Stem stands for Science, Technology, Engineering, and Mathematics. If you are applying to these disciplines, then your program will fall in the STEM category.
STEM MBA
STEM MBA is technically not possible, according to the STEM guidelines. But, due to many reasons and to attract international students, US schools started offering a STEM MBA program in some of their finest schools. These programs are focused on STEM applications and more scientific in nature, along with the relevant business skills. There are a lot of areas or disciplines which are under STEM-designated MBA programs such as accounting, statistics, business analytics, information technology, finance, economics, strategy, etc.
STEM MBA Program types
There are a couple of ways the schools have ingested the management into the STEM applications.
- Some schools offer their full-time MBA programs as STEM MBA Program such as Stanford, Columbia, etc.
- Others have created separate STEM-designated tracks and courses and kept the regular MBA separate. For example, courses in business analytics, finance, operations, supply chain, etc.
Why STEM MBA program is getting popular?
There are 3 major reasons for the popularity of this program
- By 2024, according to the US government data, more than 1 million jobs will be available for STEM professionals.
- STEM OPT Extension or 3-year work permit – US government allows international students to apply for a 12 month OPT on F-1 visa, but for STEM graduates, this period is 36 months, so it gives an edge in the job market. Employers should also not sponsor candidates during this period, so the whole process becomes seamless for international students.
- Return on Investment and Employment Opportunities – STEM professionals are the second most popular in the USA in terms of employability. The return on investment is also fantastic due to the demand in this area.
Who should go for a STEM MBA program?
- As we mentioned, the program is focused on technical aspects more rather than management. So, if you’re looking for expertise in any particular domain, along with the relevant business skills, then this is the program for you. On the other hand, if you are keen on pursuing a management degree, then this might not be a good option.
- Additionally, you need to have a strong quantitative aptitude and background, to succeed in this program and post MBA as well. Overall, this program is more scientific in nature, so you should always assess your interests and capabilities in this area before joining the STEM MBA program.
- Lastly, it depends on your acumen. If you are really passionate about a particular domain or field of study, then only go for these programs, else you have a lot of other options available.
Colleges offer STEM MBA Program
- Stanford Full-Time MBA program
- NYU Stern full-time MBA program
- Columbia Business School Full-time MBA program
- Michigan Ross – STEM-designated track
- 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
- 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 – The University of Massachusetts Dartmouth, Charlton College of Business
- MBA/MS in Business Analytics Dual Degree – University of Notre Dame
- 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 (All programs) – UC Berkeley Haas
- MBA (All programs) – Tepper, CMU
- MBA (All programs) – University of Rochester – Simon Business School
- Master of Business Analytics – MIT Sloan
- Business Analytics and Analytic Finance – Chicago Booth
- Operations, Information, and Decisions – Wharton
- Business, Energy, Environment & Sustainability – Wharton
- Majors in Statistics, Actuarial science, Business Analytics, Business Economics & Public Policy – Wharton
- Management Science – Kellogg
- STEM Concentration – UNC Kenan Flager
- Management Science and Quantitative Analysis – Dartmouth, Tuck
- STEM MBA concentration – Yale SOM
- Harvard – Master of Science in Engineering Sciences and Master of Business Administration (MS/MBA), operated jointly with the John A. Paulson School of Engineering and Applied Sciences.
- Harvard – 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
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