STEM MBA in USA is an integrated course that offers specialization in Science, Technology, Engineering, and Mathematics with the MBA curriculum. STEM MBA in USA helps with integrating knowledge to candidates in regard to technology and management altogether. Apply with a minimum GPA of 3.0 or higher in bachelor degree for this program. Fees of MBA STEM courses in USA range from USD 77,700 (INR 64,66,069) to USD 146,980 (INR 1,22,31,440) per year. You must demonstrate your evidence of English proficiency to pursue the program.
You must calculate the ROI value to make the most of your money after completing coursework. ROI is counted by dividing the net profit by the total investment per year. As given in the graph, University of Chicago Booth School of Business offers the maximum level of ROI. Pay roughly USD 12,000 (INR 9,98,629) as living expenses and USD 80,961 (INR 67,37,501) as cost for MS in USA to study at this university. Kellogg School of Management offers the lowest ROI percentage. This university charges expensive expenses of USD 1,36,345 (INR 1,13,46,508) as tuition fees.
STEM-designated MBA in USA can be availed as full-time as well as a joint degree with MS. We are most worried with what after studying in USA. Amazon, Google, and Deloitte are leading firms to recruit STEM MBA graduates in leadership roles like Financial Managers and Management Analyst. The average annual salary after completing MBA STEM programs in USA ranges from USD 60,400 to USD 118,750 (INR 50.2 Lakhs to 98.8 Lakhs).
STEM MBA in USA Highlights
For admission to US universities for STEM MBA programs, check the below highlights table:
| Courses Available | Full-time MBA, Executive MBA |
| Program Duration | 1-2 years |
| Degree Requirement | Bachelor’s degree in a STEM course from an accredited institution |
| GPA | Minimum GPA requirement of over 3.0 out of 4.0 (83-86%) |
| English Proficiency Requirements | IELTS: 7 to 7.5 TOEFL: 90 to 109 |
| GMAT/GRE Score | GMAT: 629 to 737 GRE Verbal: 152 GRE Quantitative: 152 |
| Annual Tuition Fees | Cost of studying in USA is USD 53,500 to USD 108,000 (INR 43.9 Lakhs to INR 88.7 Lakhs) |
| Annual Salary Range | USD 60,400 to USD 118,750 (INR 49.8 lakhs to INR 97.9 lakhs) |
Why Study STEM MBA in USA?
Candiates can avail various benefits of studying in USA by pursuing STEM MBA curriculum. STEM MBA programs in USA offer candidates mentioned below advantages:
- STEM MBA course in USA allows students to stay and work in USA for 3 years post-graduation.
- Business sectors in USA is expected to earn USD 14,1 billion (INR 11,73,41,04,60) by 2024.
- STEM MBA graduates are in great demand by the top domains such as Artificial Intelligence and Machine Learning. Earn an average annual salary of USD 83,000 (INR 69,07,310) by completing the coursework
- STEM MBA graduates ae required in the cyber security department too.The activity starts with record keeping, daily activities, social activities to national security,etc.
STEM MBA in USA Areas of Specialization
STEM MBA programs in USA offers a wide range of specializations. A list STEM courses in USA of MBA curriculum are enlisted below:
- Management Science Track in Full Time MBA: This specialization focuses mainly on the application of analytical techniques, tools, and models across the school’s academic disciplines
- Management Science and Quantitative Analysis Track in Full Time MBA: This specialization provides designation that often appeals to students with a quantitative or technical focus.
- Business Analytics, Energy, Environment and Sustainability, Statistics majors in Full Time MBA:This specialization provides deep knowledge in the complex relationships between business and the natural environment,environmental risk and the business and economics of energy.
- Master of Advanced Management: This specialization is designed for particular MBA graduates who aspire to become global leaders for business and society
- Technology Management MBA: This specialization offers trainning to candidates in the fields of financial analysis, new trends, and communication.
STEM MBA vs MBA
Students travel and stay in USA to pursue their higher studies and to experience great career opportunities. You can pursue various top courses like STEM MBA or full time MBA. The table below states the comparism between STEM MBA and MBA:
| Particulars | STEM MBA | MBA |
|---|---|---|
| Duration | 36 months | 12 months |
| Background | Science and Technology students can opt for this program | Students from Humanities or Arts Stream can opt for this program |
| Fees | Cost of STEM MBA in USA is USD 53,500(INR 44,19,368) per year | Cost of MBA in USA for international students is USD 1,20,000 (INR 99,12,632) per year |
| Salary | USD 60,400 to USD 118,750 (INR 49.8 Lakhs to 97.9 Lakhs) per year | USD 96978 (INR 80 lakhs)/year |
Top Universities Offering STEM MBA in USA
Some top universities in USA offering MBA STEM programs along with annual tuition fees are as follows:
|
Universities Offering STEM MBA in USA |
Annual Tuition Fees |
|---|---|
| MIT Sloan School of Management | USD 80,400 (INR 66,90,703) |
| NYU Stern School of Business | USD 61,114 (INR 50,85,766) |
| Harvard Business School | USD 54,269 (INR 45,16,141) |
| University of Chicago Booth School of Business | USD 80,961 (INR 67,37,501) |
| Tepper School of Business | USD 37,856 (INR 31,50,092) |
| Babson College | USD 54,944 (INR 45,72,027) |
| Stanford Graduate School of Business | USD 61,731 (INR 51,36,790) |
| The Wharton School | USD 79,800 (INR 66,40,357) |
| Kellogg School of Management | USD 1,36,345(INR 1,13,46,508) |
| Kelley School of Business | USD 45,350 (INR 37,73,688) |
USD 1 = INR 83.21 as dated on 9th April 2024
Admission Process for STEM MBA in USA
Candidates are required to follow certain measures in order to consider applying for a STEM MBA in USA. STEM designated MBA in USA requires applicants to submit specific documents as well test scores during the process of admission and fulfill certain criterias. Candidates have to choose wisely universities offering cheapest STEM MBA in USA. Here, given below the process for MS admissions in USA for MBA STEM program:
- Shortlist the universities in USA.
- Visit the official website universities in USA.
- Registration of new student account.
- Go through the admission requirements.
- Checking MBA acceptance rates at top US business schools.
- Fill in all the details of the application form
- Upload all the required documents suggested on the websites.
- Pay the application fee.
- Appear for the interview session if arranged by USA universities.
- Apply for a US student visa.
MBA STEM Courses in USA Eligibility Criteria
International students are required to meet specific eligibility criteria to get into universities offering affordable MBA in USA. Given below is a list of STEM MBA in USA requirements:
- Bachelor’s degree in a STEM course from an accredited institution
- Minimum GPA requirement of over 3.0 out of 4.0
- An average GMAT score of 629 to 737
- At least 152 score in GRE Verbal and Quant
- Around 5 years of Relevant prior experience
Documents Required for STEM MBA Programs in USA
Most importantly, you must be F1 student visa holder to apply for STEM MBA programs in USA. Some of the documents that are required at the time of admission are as follows:
STEM Designated MBA in USA Application Fees
There are certain universities in USA without application fees. The table below highlights universities and colleges offering STEM MBA courses in USA and their application fee:
| STEM MBA Universities in USA | Application Fee |
|---|---|
| MIT Sloan School of Management | USD 250 (INR 20,806) |
| NYU Stern School of Business | USD 250 (INR 20,806) |
| Harvard Business School | USD 250 (INR 20,806) |
| University of Chicago Booth School of Business | USD 250 (INR 20,806) |
| Tepper School of Business | USD 200 (INR 16,645) |
| Babson College | USD 75 (INR 6,242) |
| Stanford Graduate School of Business | USD 125 (INR 10,403) |
| The Wharton School | USD 275 (INR 22,887) |
| Kellogg School of Management | USD 250 (INR 20,806) |
| Kelley School of Business | USD 75 (INR 6,242) |
USD 1 = INR 83.21 as dated on 9th April 2024
STEM MBA in USA Application Deadlines
The table given below highlights application deadlines of top universities in USA for STEM MBA program:
| STEM MBA Universities in USA | Application Deadline |
|---|---|
| MIT Sloan School of Management | Round 2: January 17, 2024 (Closed) Round 3: April 8, 2024 (Closed) |
| NYU Stern School of Business | Round 3: January 18, 2024 (Closed) Round 4: April 18, 2024 |
| Harvard Business School | Round 2: January 3, 2024 (Closed) |
| University of Chicago Booth School of Business | Round 2: January 4, 2024 (Closed) Round 3: April 4, 2024 (Closed) |
| Tepper School of Business | March 4, 2024 (Closed) |
| Babson College | October 25, 2024 |
| Stanford Graduate School of Business | Round 2: January 4, 2024 (Closed) Round 3: April 9, 2024 |
| The Wharton School | Round 2: January 4, 2024 (Closed) Round 3: April 2, 2024 (Closed) |
| Kellogg School of Management | Round 2: January 10, 2024 (Closed) Round 3: April 3, 2024 (Closed) |
| Kelley School of Business | January 5, 2024 (Closed) |
STEM MBA in USA Entry Requirements
A table of required scores for exams to study in USA for STEM MBA curriculum are as follows:
| STEM MBA Universities in USA | Score Requirement | ELP Requirement |
|---|---|---|
| MIT Sloan School of Management | MIT School of Management offers STEM MBA in USA without GMAT | IELTS: 7.0 TOEFL: 90 |
| NYU Stern School of Business | GMAT score: 733 GRE: 163 |
IELTS: 7.0 TOEFL: 100 |
| Harvard Business School | No minimum GRE/GMAT score | IELTS: 7.5 TOEFL: 109 |
| The University of Chicago Booth School of Business | GMAT: 724 | IELTS: 7.0 TOEFL score: 104 |
| Tepper School of Business | GMAT score: 700 | IELTS: 7.5 TOEFL: 102 |
| Babson College | Babson College offers STEM MBA in USA without GMAT | IELTS: 7.5 TOEFL: 100 |
| Stanford Graduate School of Business | No minimum GRE/GMAT score | IELTS: 7.0 TOEFL: 100 |
| The Wharton School | GMAT score: 700 GRE score: 162 |
TOEFL: 80 |
| Kellogg School of Management | GMAT score: 727 GRE score: 162 |
IELTS score: 7.0 TOEFL: 100 |
| Kelley School of Business | GMAT score: 670 GRE score: 150 |
IELTS: 7.0 TOEFL: 100 |
Cost of Living in USA
In USA, the accommodation cost is expensive as shown in the graph. You can opt for different housing options like shared apartments, furnished private apartments, dormitories etc. An estimated annual cost of living in USA for international students is detailed below in the graph:
Scholarships Offered
The scholarships that are offered to candidates applying for STEM MBA in USA have been mentioned below: Candidates meeting specific eligibility criterias can avail scholarships for studying STEM MBA programs in USA. A list of popular scholarships to study in USA for STEM MBA courses are as follows:
| Name of Scholarship | Eligibilty | Amount Offered |
|---|---|---|
| MIT Sloan School of Management Scholarships |
|
USD 10,000 (INR 8,32,210) |
| NYU Stern School of Business MBA Scholarships | Awarded to admitted students showing strong merit | USD 50,000 (INR 41,61,052) |
| HBS Scholarships |
|
USD 42000 (INR 34,95,284 |
| University of Chicago Booth School of Business Forté Foundation Fellowship | Awarded to highly qualified and talented students | Varies |
| Tepper MBA Scholarship | Students who exhibit a high degree of potential for success in the program and their careers | Varies |
| Babson College Merit-Based Scholarship | Strong academic records are required | USD 5000 (INR 4,16,105) |
| Stanford Graduate School of Business Need-Based Fellowships | Students are awarded solely on their demonstrated financial need | Upto USD 88,000 (INR 73,23,452) |
| Wharton School Scholarship- Aga Khan Foundation | Awarded to students having financial needs | 50% of tuition fees |
| Kellogg School of Management Charles J. Schaniel Scholarship | Highly potential students with accounting background are eligible | Varies |
| Kelley School of Business Merit-based scholarships |
Students must remain in good standing to apply for this scholarship |
USD 15,000 (INR 12,48,315) |
USD 1 = INR 83.21 as dated on 9th April 2024
Job Opportunities
There are a wide range of STEM MBA jobs in USA available for international students. Mentioned below are the job roles that STEM based MBA in USA degree holders can apply for:
| Job Role | Annual Average Salary |
|---|---|
| Financial Managers | USD 134,180 (INR 1,11,65,755) |
| Computer and Information Systems Managers | USD 151,150 (INR 1,25,77,909) |
| Architectural and Engineering Manager | USD 149,530 (INR 1,24,43,101) |
| Marketing Manager | USD 142,170 (INR 1,18,30,641) |
| Management Analyst | USD 87,660 (INR 72,94,604) |
USD 1 = INR 83.21 as dated on 9th April 2024
Top Recruiters for STEM MBA in USA
Successful completion of STEM MBA can help candidates with application in potential jobs with renowned companies. Mentioned below are the companies offering jobs in USA to international STEM MBA graduates:
Work Permit
There are multiple options that can be availed by applicants to get access to work permit in USA. Some of the popular visas are Optional Practical Training (OPT), H1B visa, green cards, O-1 visas, L-1 visas, and TN, E-3, or H1B1 visas. All these mentioned prospects allow STEM MBA students to work and study in USA. However, the terms and conditions laid down for each of the work permits varies and candidates must opt for a work permit according to their convenience.The type of Post Study Work Visa in USA and their estimated application cost is given below:
- Optional Practical Trainning(OPT) visa: USD 410 (INR 33,838)
- H-1B Visa : USD 460 (INR 37,965)
- O1 visa : USD 460 (INR 37,965)
- L-1 visa : USD 960 (INR 79,230)
- E-3 visa : USD 205 (INR 16,918)
- Green Card : USD 1200 (INR 99,037)
International students can check the above-mentioned details of what is STEM MBA in USA, along with tuition fees, and average annual salary. Pursing STEM MBA in USA can prove very beneficial for students as this course provides the required exposure and practical knowledge to excel out in their professional career. Candidates must surely check the university official website regularly for latest updates and quick facts.
FAQs
Ques. Does MBA come under STEM in USA?
Ans. MBA is not a STEM degree per se. However, a few MBA programs are STEM-designated owing to the focus of the MBA in business analytics, decision theory, finance, economics, information technology, law, marketing, management, statistics, and strategy.
Ques Who is eligible for STEM MBA in USA?
Ans. Individuals possessing a 4-year US Bachelor's degree in a STEM program or its equivalent from an accredited university with at least a 3.0 out of 4.0 GPA are considered eligible to apply. Furthermore, applicants must also have GMAT: 629 to 737 overall score or GRE Verbal: 152 scores and GRE Quant: 152 scores.
Ques What is the salary of STEM MBA in USA?
Ans. On average, the salary for MBA graduates in USA can be anywhere between 45,000 USD to 100,000 USD per year.
Ques. Is STEM MBA worth it?
Ans. STEM MBA is a perfect fit for students looking to develop their analytical and problem-solving skills while taking courses that are aligned with their career interests,” says Purdue's Greg Beaver. “
Ques. Which is the cheapest STEM MBA in USA?
Ans. Columbia Business School at the University of Columbia offers the cheapest STEM MBA in USA.
Ques. What is the benefit of STEM MBA in USA?
Ans.The STEM MBA program prepares you to harness the science of management by utilizing technology, data, and analytics and making better business decisions. Since it's a mix of business and technical education, STEM graduates are primarily employed in fields specialized in technology and analytics.
Ques. What is the difference between STEM MBA and normal MBA?
Ans. MBA gives a professional degree, creates managers, innovators or leaders in a particular stream. In the US, MBA can be categorized into STEM and NON-STEM MBA. STEM MBA programs are designed to build not only your business skills but also your technical skills.
Ques. Is John Hopkins MBA STEM?
Ans. Johns Hopkins Carey Business School is one of the first 10 graduate business schools in the country with a full-time MBA that's entirely STEM-designated.
Ques. Is Yale MBA a STEM degree?
Ans. This means that students who are enrolled in these degree programs at Yale SOM have the opportunity to qualify for an additional STEM OPT. For MBA and MAM (Masters of Advanced Management) students to be eligible for the STEM OPT, they must first complete a concentration in Management Science.
Ques. How much is STEM course fee in USA?
Ans. Professions related to the study of STEM courses in USA are among the most innovative and lucrative fields for science or technology enthusiasts. The cost of pursuing STEM courses in USA varies around 65,000-80,000 USD. For an Indian student, this cost ranges around 48-60 lakh INR.
Ques. How much does STEM MBA pay in US?
Ans: You can attain an average annual salary raning from 45,000 USD to 100,000 USD per year after STEM MBA in USA. We get hired in top business firms like Deloitte, Amazon, PwC etc. in managerial roles.
Ques. How to apply for STEM MBA in USA?
Ans: For applying to STEM MBA in USA, log in through the university’s portal. Submit documents like transcripts, LOR, SOP, resume and ELP scores to apply for STEM MBA in USA.
Ques. What are the subjects in STEM MBA USA?
Ans: The core subjects of STEM MBA in USA includes Accounting for Decision Making, Operations Management, Finance, Markets, and Management etc. STEM MBA is an advanced business program lastes for 1-2 years.
Ques. Where you can study STEM MBA in USA?
Ans: You can STEM MBA in USA in top business schools like MIT Sloan School of Management, NYU Stern School of Business, Harvard Business School etc. You must have bachelor degree in business to attend these universities for the program.
Ques. What is STEM path to MBA?
Ans: STEM MBA is an advanced program that offers knowledge on technology, data analytics and innovative techniques for management. You can gain effective business skills to develop your career in global marketing sectors.
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