Read on to get your latest updates on Universities, Courses Offered, Student Visa Updates, and lots more!
Read on to get your latest updates on Universities, Courses Offered, Student Visa Updates, and lots more!
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.
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) |
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.
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 |
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.
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 |
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 |
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 |
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 |
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 |
PricewaterhouseCoopers (PwC).
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.
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.
After completing your MBA programme, you are eligible for optional practical training (OPT), which is a 12-month term during which you can stay and work in the United States. This enables you to work in any industry connected to your topic of study.
Here is a list of STEM degrees that are becoming increasingly important in today's workforce: Information Systems for Business. Technology of computer software. Data and cyber security technology.
According to U.S. News, the average MBA income in 2020 will be $137,890. Despite the fact that the average MBA pay will be about $138,000 in 2020, the wage range for professionals with MBAs is vast.
Still, have any doubts? Then, get in touch with AECC 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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