Earning a STEM MBA may be a wise choice, but that’s only true if you go to the right schools and land a great job after you graduate. So, here’s what you need to know before signing up for class.
What is a STEM MBA?
This program focuses on science, data, and math. The degree then gets you ready with business management skills and also helps you hone in on your tech-savviness too.
In fact, STEM-designated MBAs deal with these topics in particular:
- Decision Theory
- Economics
- Info Tech
- Data Analytics
- Finance
- Law
- Marketing
- Strategy
- Statistics
What are the best STEM schools?
Most programs require you to hold a bachelor’s degree and then submit official transcripts to prove it. Still, some people can earn their STEM MBA without an undergrad degree because of differing admissions requirements. So, talk to a counselor for more information because you could enter the program today.
Then, get a headstart by going to one of these top 3 schools:
#1. Wisconsin School of Business
You can enter full time, part-time, or join evening courses to get your degree and start your dream job faster. WSB has over 600 corporate partners for career placement assistance. That’s why more than 89% of their alumni get multiple job offers within 6 months of graduating.
PROGRAM LENGTH: 2 years
TUITION: $85,000 +
#2. Duke University
This program gives you the skills to lead and direct analysis in a fast-paced career. There are over 100 electives options to explore, plus students can choose between 16 different concentrations. So, use this curriculum to prepare for the career you truly desire.
PROGRAM LENGTH: 22 months
TUITION: $140,000 +
#3. The Simon Business School at The University of Rochester
According to their site, Financial Times™ called this school one of the top 5 for Finance and Economics. Meanwhile, The Economist said it’s one of the top 10 colleges for a healthier return on your educational investment. That’s due to the fact that students learn how to become extremely analytical there, to say the least.
PROGRAM LENGTH: 2 years
TUITION: $94,000 +
Look at other schools and compare tuitions because your knowledge will matter more than your credentials in the end. Also, seek grants and scholarships because they’re all over the place for STEM degrees.
Top jobs for this degree
You can get many different jobs after you graduate with a STEM MBA. It doesn’t always matter which school you went to either. So, the salary you earn will vary widely depending on several factors, including your natural talent.
Here are the top five career options for recent grads, according to US News:
- Finance Manager
- Database Admin
- Marketing Exec
- Business Operations Supervisor
- Health Services Director
Be sure to take the right classes and gain enough experience to get your job applications accepted because that’s what most employers are really looking at.
How much money can I make with a STEM MBA?
The average starting salary for a STEM MBA is around $83,000 a year. Plus, mid-career salaries can reach as high as $128,000 annually, depending on the position. After all, your responsibilities and compensation will differ based on your title. So, aim high and study hard.
This degree gives students a well-rounded business education but that’s not all. It also bridges the gap between many different disciplines, making grads highly valued and very well paid by most employers. Based on PayScale’s math, an MBA + STEM = a serious salary hike.
