Stem MBA programs in the USA

A STEM MBA is a particular major in Master of Business Administration that further teaches managerial and technical skills to students. In other words, it's a mix of technology and management. You can pursue the course full-time or part-time, which is available as a singular or dual degree. Its fee for students falls between 3511127 and 12147095 INR for the top universities. Although the cost is expensive, your Return on Investment (RoI) is also very high, offering you salaries up to 95000 American dollars and maybe even more if your qualification is to the point.

Stem MBA programs in the USA: Course Highlights

Program 

Postgraduate

Course

Stem MBA

Duration of the Course

Between 1 and 3 years (based on top 8 universities

Eligibility 

At least 3 years work experience, GMAT or GRE and IELTS or TOEFL, and 4 years bachelor’s degree

Entrance Exams

GMAT or GRE and IELTS or TOEFL 

Tuition Fees

Between 3511127 and 12147095 INR (based on top 8 universities)

Jobs 

Senior Financial Analyst, Data Analyst, Financial Analyst, etc.

Average Salary

75054 (based on 4 jobs)

Why Study Stem MBA programs in the USA?

  • The STEM MBA is perfect for you if you are a technical graduate wishing to enter the business management sector or vice versa.
  • As a management graduate with sound technical knowledge, your demand in the job market will be drastically higher.
  • You will get a higher pay grade than regular MBA graduates in the United States of America.
  • Since the 21st century is the era of technology, the demand for STEM MBA graduates will only increase in the future.
  • You will get excellent networking opportunities pertinent in today's era.
  • You can get additional three years of Optional Practical Training (OPT) authorisation, allowing you to stay for this duration in the USA after graduation.

Who Can Take Stem MBA Programs in the USA?

The STEM MBA in the American subcontinent is a mix of MBA with technological aspects. Thus, anyone with a business or technical degree can pursue it. The degree benefits both technical and MBA graduates since it enhances their technical and business skills. However, the degree is recommended explicitly for business management undergraduates.

Top Universities for Stem MBA Programs in the USA

S.NO

University Name

QS World Ranking

City

1

Harvard University

5

Cambridge

2

The University of Notre Dam

243

Notre Dam

3

Massachusetts Institute of Technology (MIT)

1

Cambridge

4

The University of Michigan – Ann Arbor

25

Ann Arbor

5

Duke University

50

Durham

6

Worcester Polytechnic Institute

Between 801 and 1000

Worcester

7

The University of Chicago

10

Chicago

8

The University of Rochester

147

Rochester

 

Cost Of Studying Stem MBA programs in the USA

Your cost of studying STEM MBA in the American subcontinent includes your living expenses, tuition fees, etc. The amount you will incur depends on your lifestyle, selected university, city, and many other variable factors. An estimated cost would fall between 3600000 and 13000000 INR for the top universities, which you can compensate with scholarships, student loans, grants, sponsorships, fellowships, and other funding options available.

Tuition Fees

S.NO

University Name 

Course

Duration 

Tuition Fees in INR

1

Harvard University

MS/MBA in Engineering Sciences

2 years 

5730159 + 15% premium

2

The University of Notre Dam

MBA in Business Analytics

2 years

4470835

3

Massachusetts Institute of Technology (MIT)

MBA (STEM)

2 years

6133147

4

The University of Michigan – Ann Arbor

MBA in Data and Business Analytics

NA

4876565

5

Duke University

MBA in Management Science and Technology Management (MSTeM) 

1.10 years

5598297

6

Worcester Polytechnic Institute

STEM MBA

Between 2 and 3 years

3511127

7

The University of Chicago

STEM MBA

1.9 years

12147095

8

The University of Rochester

STEM MBA

2 years

3728640

Cost Of Living In USA

Besides your tuition expenses in the United States of America, you will also incur living costs for the duration of your chosen STEM MBA program. The brackets include accommodation, electricity, groceries, etc., which you need to successfully manage for a fuss-free stay in America for the course duration.

Categories

Amount in USD 

Accommodation

200 per month

Electricity

20 per month

Groceries

150 per month

International Calling Cards

15 per month

Home Internet

15 per month

Cell Phone

50 per month

Restaurant Meals

75 per month

Entertainment

100 per month

Car Insurance

100 per month

Petrol for Car

75 per month

Weekend Activities

100 per month

Shopping

100 per month

Stem MBA Programs in the USA: Eligibility Requirements

  • To apply for a STEM MBA in the USA, you need a 10 + 2 + 4. Alternatively, it means 16 years of education, including a four-year bachelor's degree. The GPA depends on the university you pick for a STEM MBA in the USA.
  • You require to have a good GMAT score. Some universities may also accept GRE. The score varies from university to university.
  • It would be best if you had a good IELTS or TOEFL score to prove your English language proficiency. This criterion varies from university to university.
  • Finally, pursuing a STEM MBA in America requires at least three years of work experience.

Exams Required To Study Stem MBA programs in the USA

Name of the University

Exam Name

Minimum Band Requirement

Harvard University

IELTS, GMAT

7.5 (no band less than 7.5), between 590 and 790

The University of Notre Dam

IELTS, GMAT

7.5, 654

Massachusetts Institute of Technology (MIT)

IELTS, GMAT

7.0, NA

The University of Michigan – Ann Arbor

IELTS, GMAT

6.0, 722

Duke University

IELTS, GMAT

7.0, between 670 and 750

Worcester Polytechnic Institute

IELTS, GMAT

7.0, 500 

The University of Chicago

IELTS, GMAT

7.0, between 570 and 780

The University of Rochester

IELTS, GMAT

7.5, between 590 and 710

Scholarships for Stem MBA programs in the USA

S.NO

Scholarship Name

Description 

Eligibility 

Amount in USD

1

Genetex Scholarship 

This scholarship is offered by Genetex

Varies from university to university

2000

2

RevPart 2021 STEM Scholarship

This scholarship is offered by RevPart

Varies from university to university

Between 250 and 1000

3

AfterCollege STEM Inclusion Scholarship

This scholarship is offered by AfterCollege Inc 

Varies from university to university

500

4

Buildium’s Build U Scholarship

This scholarship is offered by Buildium LLC

Varies from university to university

2500 per semester

5

MyBioSource Scholarship Program

These Scholarships are offered by MyBioSource Inc

Varies from university to university

1000

Career after Stem MBA programs in the USA

The scope of a STEM MBA is vast since it teaches students a mix of technical and managerial skills. As a result, graduates can get a wide variety of high-paying job opportunities in management and IT. Since the 21st century as we know it is the technology era, the career options, opportunities, and possibilities for STEM MBA graduates will only increase in the future. With endless career opportunities available, here are some jobs a STEM MBA graduate can do.

Job Profile

Salary in USD

Senior Financial Analyst

81200

Product Manager

96937

Data Analyst 

60859

Financial Analyst

61223

Top Recruiters

  • Amazon.
  • Google.
  • Deloitte.
  • Microsoft.
  • Intel.
  • Meta (Facebook).
  • Apple.
  • Walmart.
  • IBM.

PricewaterhouseCoopers (PwC).

How To Get Admission For Stem MBA Programs In the USA?

If you have decided to study STEM MBA in the USA, then you have come to the right place as we will take you through how you can apply for the course. Please follow this step-by-step guide to apply for a STEM MBA in the American subcontinent. Please note that it is only indicative and may change slightly per your university selection.

Step 1: Research and shortlist 2-3 universities for the course.

Step 2: Go to your shortlisted university's STEM MBA course page.

Step 3: Fill out an application form with your academic and personal credentials, then attach the requested documents. Generally, you will need these credentials.

  • Your academic records.
  • A cover letter.
  • GMAT or GRE scores.
  • IELTS or TOEFL scores.
  • Your Statement of Purpose (SOP).
  • Your work experience certificate.
  • At least 2-3 Letters of Recommendation (LORs).
  • Your updated resume or CV.

Step 4: Submit your application & pay the application fee.

Step 5: Wait for your University Offer Letter. If your application is accepted, prepare to depart to the USA. Otherwise, you can apply next year, in the next intake, or plead your case with the university.

Step 6: Done.

Still, have any doubts? Then, get in touch with AECC Global for satisfactory answers. We are a leading study abroad consultant firm that has helped many students achieve their study abroad objectives with our expertise over the years. Want to be the next one? Contact us today.


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