We all have heard about the STEM courses gaining immense popularity, with the fusion of the STEM fields with management resulting in innovative STEM MBA programs in the USA. These programs uniquely blend business management with STEM disciplines i.e. Science, Technology, Engineering, and Mathematics. STEM MBA programs not only combine business acumen with technical expertise but are also highly sought after for their practicality and versatility. Graduates with STEM-designated MBAs often find themselves well-equipped to navigate the intersection of technology and business, making them valuable assets in industries ranging from finance and healthcare to manufacturing and beyond.
Also read: Why you should do an MBA in the US.
In this blog:
What is a STEM MBA?
STEM stands for Science, Technology, Engineering, and Mathematics. A STEM MBA, an amalgamation of a traditional MBA and an MS, enables graduates to handle business objectives while gaining data processing and analytical skills.
Unlike traditional MBAs, STEM MBA programs necessitate substantial technical knowledge and aim to integrate STEM information into business applications. STEM MBAs open up job opportunities that were previously limited to MS degree holders.
STEM MBA graduates are well-positioned to bridge the gap between technical and business functions, making them valuable assets in industries like Risk Analyst/Manager, Healthcare Informatics Manager, Innovation Manager, Data Scientist/Analyst, Technology Consultant and more where innovation and data-driven decision-making are paramount.
Difference between STEM MBA and Traditional MBA
Comparatively, STEM MBA and traditional MBA programs differ in focus and outcomes. STEM MBAs emphasise technical knowledge, data analysis, and innovation, leading to careers in high-tech industries. Graduates are in high demand with competitive salaries and extended stay options in the US. On the other hand, traditional MBAs provide a broader education in various business aspects, offering versatile career options globally.
Top STEM MBA Programs in the US:
| S. No. | School | Duration | Approx. Fees (for 2 years) |
Eligibility |
| 1 | Booth School of Business | 24 Months | $160,000 | Four-year undergraduate degree, IELTS score- 7 or above
TOEFL score- 104 or above IELTS/TOEFL minimums of 7 and 104 |
| 2 | Columbia Business School (CBS) | 16-20 Months | $170,000 |
Bachelor’s degree from a recognised institution, GRE or GMAT score |
| 3 | Duke Fuqua School of Business | 22 Months | $150,000 |
Four-year bachelor’s degree or equivalent, English language proficiency test score. |
| 4 | Harvard Business School | 24 Months | $158,000 | Four-year bachelor’s degree, IELTS score- 7.5 or above TOEFL score- 109 or above IELTS/TOEFL score of at least 7.5 or 109. |
| 5 | Mendoza College of Business | 24 Months | $130,000 |
Accredited bachelor’s degree, valid GMAT or GRE score, IELTS score- 7.5 or above TOEFL score- 100 or above IELTS/TOEFL minimum of 7.5 or 100. |
| 6 | Ross School of Business | 24 Months | $150,000 | Bachelor’s degree or equivalent, valid GMAT or GRE score, IELTS/TOEFL minimums of 7 and 84 |
STEM MBA programs in the United States combine the strengths of traditional business education with the technical expertise of Science, Technology, Engineering, and Mathematics.
Also know : Know the reason to do an MBA from US
Here is a list of some top STEM MBA programs in the US:
1. Booth School of Business:
- Duration: 24 months
- The Chicago Booth MBA program started in April 2020, offering 13 disciplines
- Eligibility: Four-year undergraduate degree, IELTS/TOEFL minimums of 7 and 104
- Tuition Fee: Approximately $160,000 for two years
- STEM designation: Full time MBA
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2. Columbia Business School (CBS):
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- Duration: 16-20 months
- STEM distinction in EMBA and MBA programs.
- Eligibility: Recognized bachelor’s degree, GRE or GMAT score.
- Tuition Fee: About $170,000 for two years.
- STEM designation: MBA Program
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3. Duke Fuqua School of Business:
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- Duration: 22 months
- Launched the Duke Fuqua MBA program in 2017 with a STEM certification.
- Eligibility: Four-year bachelor’s degree or equivalent, English language proficiency evaluated through different methods.
- Tuition Fee: $150,000 for two years.
- STEM designation: MBA in Management Science and Technology
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4. Harvard Business School :
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- Duration: 24 months
- Introduced a STEM program in January 2020, integrating Management Science topics at Harvard Buisness School.
- Eligibility: Four-year bachelor’s degree, IELTS/TOEFL score of at least 7.5 or 109.
- Tuition Fee: Approximately $158,000 for two years.
- STEM Designation: MBA program with a STEM designated specialization
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5. Mendoza College of Business:
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- Duration: 24 months
- Offers a STEM MBA program with five STEM-related specializations.
- Eligibility: Accredited bachelor’s degree, valid GMAT or GRE score, IELTS/TOEFL minimums of 7.5 or 100.
- Tuition Fee: $130,000 over two years.
- STEM designation: MBA program.
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6. Ross School of Business:
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- Duration: 24 months
- Ranked #19 by QS World Rankings, offering a STEM MBA program.
- Eligibility: Equivalent bachelor’s degree, valid GMAT or GRE score, IELTS/TOEFL minimums of 7 and 84.
- Tuition Fee: Around $150,000 for two years.
- STEM Designation: MBA program
STEM MBA programs offer a unique blend of business and STEM expertise, making graduates highly sought after in today’s technology-driven business landscape. Opting for a STEM MBA in the USA unlocks access to a myriad of exciting and well-rewarded career prospects.
Admission processes involve submitting application forms, test scores, academic transcripts, recommendation letters, and any additional documentation as per requirement. Deadlines vary, and interview rounds may follow the application process.
A STEM MBA program aims to prepare professionals with a robust blend of business expertise and advanced analytical skills, cultivating the next generation of versatile specialists capable of addressing a diverse range of disciplines.
In all, a growing number of American business schools are offering STEM MBA programs to equip candidates with the necessary skills for an era dominated by digitization and robotics. Jamboree Education has been helping students land top universities in the USA for over 30 years. Join the cohort of Jamboree students at prestigious colleges including Harvard, Stanford, Columbia and more. Get on a free counselling session with a Jamboree expert and kickstart your journey to a top US university.
