In the modern world, jobs evolve nearly as quickly as technology. These days, as large tech companies embrace a more data-driven approach, businesses are seeking leaders who understand the intricacies of the industry and recent technological developments. One of the best ways to stand out as a candidate in quickly changing industries is with a STEM MBA degree.
But is a STEM MBA worth it? Below, we’ll explore the possibilities and considerations of a STEM MBA program to help you make the best decision for your future.
What makes a STEM MBA different from an MBA?
The largest difference between a STEM MBA and a standard MBA is the focal point of the degree. We’ll explore the differences below.
Focus on business and technology
A traditional MBA offers expertise in general business topics such as accounting and marketing. The scope of an MBA is often broad, encompassing many industries. A STEM MBA, on the other hand, emphasizes science, technology, engineering, math, and analytics.
Incorporates technical expertise
A STEM MBA program equips you with business strategy skills, which are imperative to your success in executive positions. It also exposes you to technical STEM knowledge so that you can understand the innovative tech you’re working with, even indirectly.
Interdisciplinary approach
The STEM MBA degree is a culmination of business management, technical, and analytical skills. Unlike a traditional MBA, it gives you an advantage in your ability to comprehend and work with complicated tech.
Data-driven decision-making
In your STEM MBA, you’ll focus on learning how to analyze data. You’ll also gain knowledge in machine learning and other innovative technologies. As a STEM MBA graduate, you will have the skills necessary for an executive role in a data-driven business.
Ideal for tech-driven roles
The largest variant from a traditional MBA is the technological knowledge gained in a STEM MBA. You’ll be ready for a leadership position in tech, healthcare, biotech, finance, and other innovative industries where STEM knowledge is imperative.
Prepares for innovation leadership
After completing your STEM MBA program, you’ll have the business acumen and tech skills to transition into executive leadership in a number of industries.
Enhanced career prospects with a STEM MBA
One of the best reasons to pursue a STEM MBA is the vast career opportunities it illuminates for you. With this graduate degree, you’ll be equipped with specialized knowledge that directly translates to what you’ll need to succeed in an executive position in tech, biotech, fintech, finance, and many more industries. Due to the breadth of a STEM MBA program, graduates become invaluable assets.
STEM-designated work visa
A STEM MBA can be particularly valuable to international students. This graduate program provides students with opportunities in the US through the Optional Practical Training (OPT) Program. The OPT program grants international students the ability to work in the US for 12 months after graduation. If you graduate with a STEM MBA, you are eligible to apply for an additional 2-year work visa extension.
The ability to work in the US as an international graduate can provide you with invaluable work experience and establish you in a STEM career. There’s a constant demand for people working in STEM, and more opportunities are arising as innovations emerge.
Competitive advantage of a STEM MBA
A STEM MBA gives you a competitive edge in several career fields. Those with a STEM MBA degree are particularly sought after in data analytics, innovative technologies, and biotechnology. With this graduate degree, you prove to potential employers that you have a well-rounded understanding of technology, sciences, and business management.
Companies in industries such as tech, data analytics, and consulting are looking for multifaceted employees who can navigate the intersection of business and technology. A STEM MBA program thoroughly equips you with the skills necessary for executive positions in these industries.
Considerations of a STEM MBA
- Rigorous Coursework: A STEM MBA program requires you to complete complex STEM subjects with business management courses. These can often be very challenging.
- Time Commitment: A STEM MBA is an intensive program. Success in it requires strong time management skills.
- Higher Tuition Costs: STEM MBA programs are priced accordingly for their specialized curriculum and training.
- Return on Investment: While upfront tuition costs should be considered, it’s also important to note the increased earning potential of a STEM MBA.
- Work-Life Balance: Many students in STEM MBA programs are working. It’s essential to have a plan to manage all aspects of working and being a student while also taking care of yourself.
- Specialized Career Path: A STEM MBA is perfect if you want to pursue a career in industries like technology, biotech, or data analytics.
Career outlook with a STEM MBA
A STEM MBA program opens a lot of doors for future careers. Graduates are particularly desirable in innovative industries like tech, biotech, and healthcare. Many people with a STEM MBA hold senior positions in these industries.
The demand for STEM professionals continues to grow, with an average salary of $103,580 in STEM occupations—a figure that’s only expected to continue to rise.
Take control of your future
A STEM MBA degree can be the next step toward the career of your dreams. With the combination of business strategy and STEM expertise, you’ll be ready to tackle today’s job market.
At University of Bridgeport, you’ll receive the education and support you need for a successful career. If you’re ready to invest in your future, apply today.