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STEM (Science, Technology, Engineering, and Mathematics) MBA curriculum prepares students for management positions in technology and analytics-related domains. STEM MBA is a data-informed curriculum that guides students to analyse and reach technology-enabled solutions for any situation. The amalgamation of technology and business will enable students to acquire technical expertise and management skills. To know more about the field of STEM MBA, keep reading this blog.
This Blog Includes:
STEM MBA Universities Abroad
This programme is an ideal management program for engineering students and professionals with a science and technology background. This program is usually a 24-monthly program in universities and business schools abroad. International students can apply for this program at different universities.
Also Read: Top 10 Benefits of STEM Education
STEM MBA Eligibility
It is an ideal course for students with science and engineering backgrounds. People with technical backgrounds prefer STEM MBA over traditional MBA due to the distinct curriculum of this course which is an amalgamation of STEM subjects and MBA modules. Students applying for this graduate course must have completed a bachelor’s degree or an equivalent degree from an accredited university or college. Students must have scored the required GMAT or GRE score for certain institutions. Applicant must secure the minimum score in English proficiency test– IELTS or TOEFL or PTE, according to the requirements of the universities or B-schools. Students are also required to have work experience before applying to any of the B-schools abroad.
STEM MBA Admission Process
Students are advised to follow these steps to secure admission to this management course in a foreign institution:
Step 1: Visit the official website of B-schools and fill out the application form and application fee.
Step 2: Upload the required documents.
Step 3: Share the IELTS or TOEFL or PTE scores, whichever is accepted by the concerned university or college. Check out the minimum required score.
Step 4: Share the GRE/GMAT score, if applicable.
Step 4: Submit English transcripts and other supporting documents.
Step 5: Submit proof of finance after receiving the confirmation letter from the applied universities.
Step 6: Apply for a student visa.
The table below consists of acceptable English proficiency tests and the acceptability of GRE/GMAT scores of certain B-Schools abroad.
| B-Schools | English Proficiency Test Scores | GRE/GMAT |
| MIT Sloan | TOEFL PBT: 577; TOEFL iBT: 90 | GMAT or GRE |
| Harvard Business School | TOEFL iBT: 100 | None |
| Booth School of Business | TOEFL PBT: 600; TOEFL iBT: 104 | GMAT |
| Stanford Graduate School of Business | TOEFL: 109 | GMAT or GRE |
| Tepper School of Business | TOEFL: 25 in each section | GMAT |
| Kellogg School of Management | TOEFL PBT: 600; TOEFL iBT: 100 | GMAT or GRE |
Also Read: SOP for MBA: Essentials to Mention & Samples
STEM MBA Abroad Fees
The fee structure and the tuition fee of each B-school are dynamic and distinct. Both particulars are subject to change in each academic year, depending on the education policy of the concerned country and the institution. The below-mentioned table displays the approximate tuition fee of each institution. For clarity and the entire fee structure, students must check out the brochure of the academic year in which they are seeking admission.
| B-Schools | Tuition Fee (approximate) |
| Harvard Business School | $150,000 (INR 12,242,464) for two years |
| Mendoza College of Business | $220,000 (INR 1,81,54,224) for two years |
| Ross Business School | $150,000 (INR 12242464) for two years |
| Booth School of Business | $150,000 (INR 12,242,464) for two years |
| Columbia Business School | $150,000 (INR 12,242,464) for two years |
| Simon Graduate School of Business | $98,000 (INR 80,86,979) for two years |
| Foisei Business School | $94,000 (INR 77,56,898) for two years |
| Johnson School of Management | $111,450 (INR 91,96,876) for two years |
| Kelley School of Business | $107,500 (INR 88,70,921) for two years |
| MIT Sloan | $154,550 (INR 1,27,53,496) for two years |
| Tepper School of Business | $70,000 (INR 57,76,309) per annum |
| Kellog School of Management | $119,926 (INR 98,96,137) per annum |
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Areas of Study
This two-year MBA specialisation course focuses on technology and business acumen. This course imparts knowledge about business and finance in domains related to analytics and technology. Key areas of study include
- Corporate Strategy
- Corporate Finance
- Marketing Management
- Operations Management
- Financial and Managerial Accounting
- Global economics
- Network and Organisation Management
- Statistical Decision Making
- Leadership
- Ethics
- Corporate Networking
- Data Visualisation for Communication and Analysis
- Data Science
- Entrepreneurship
- Investment Management and Strategies
- Capital Markets
- Innovation and Renovation
Also Read: Scope of MBA
STEM MBA Career Options
Completion of this course opens a plethora of employment opportunities for these professionals. This programme enables MBA professionals to carve a niche for themselves in technical and non-technical fields. These graduates demonstrate exceptional work ethics and often reach leadership positions in their enterprises. Skills acquired in these two years will empower graduates to attain the below-mentioned job titles.
| Job Titles | Average Annual Salary (Approximate) |
| Operations Manager | INR 88 lakh |
| Investment Banker | INR 75 lakh |
| Human Resource (HR) Manager | INR 64 lakh |
| Business Analyst | INR 64 lakh |
| Product Manager | INR 70 lakh |
| Administrative Manager | INR 67 lakh |
| Financial Advisor | INR 71 lakh |
FAQs
Ans. This course is available at Harvard Business School, Mendoza College of Business, Simon Graduate School of Business, Columbia Business School, Booth School of Business, and Ross Business School.
Ans. Enrolment in this graduate program enables students to gain employment in managerial roles in technical and non-technical enterprises.
Ans. MBA is not a major in any graduate STEM degree, however, certain MBA programs are designed to include STEM-based management subjects.
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