![]() “Non-citizen graduates of top-ranked American MBA programs are almost always going to quickly find a job stateside, but it may take longer for graduates of less competitive programs, especially given how unpredictable the job market and economy have been since the start of the pandemic,” Brian Carlidge, Kaplan vice president, says. (Read here for more details.) Now, as coronavirus and other factors have reversed the decline, B-schools are positioned to reap the benefits: All of the top 25 schools and dozens of others have established STEM in their MBA curricula 10 schools in the top 25, and five in the top 10, have made their entire MBA program STEM. Apps at Rochester and just about everywhere else in graduate business education began a years-long nosedive - spooking B-schools worried about the bottom line and fueling the STEM movement even more. Simon added STEM designation to its MS in Finance in December 2016 and to its MS in Accountancy in July 2018. The school gained STEM designation for its MS in Marketing Analytics and MS in Business Analytics in September 2016. ![]() Like many schools, Simon tested the waters before plunging in with its MBA. That December, Poets&Quants named the Rochester Simon MBA our Program of the Year. And in 2018, the University of Rochester became the first school to have its entire MBA program designated as STEM. The next year, Duke University added a STEM Management Science and Technology Management track to the Fuqua School of Business MBA program. ![]() The University of Wisconsin-Madison was the first top-50 school, receiving STEM designation from the Department of Homeland Security for its concentration in Operations & Technology Management in 2016. Reading the lay of the land, schools quickly began designing and offering STEM programs to take advantage of the new rules and attract new interest from foreign applicants. Bureau of Labor Statistics, demand for STEM jobs will grow by 13% by 2027, with higher wages than non-STEM jobs: The national average for STEM salaries is $87,570, while non-STEM jobs earn roughly half as much, with an annual average of $45,700 and of course MBAs from top schools make a great deal more. for up to three years after graduation without a H1-B visa through the Optional Practical Training program, or OPT. According to the U.S. Students with STEM-designated master’s degrees can work in the U.S. Among the schools that have recently made that designation: the University of San Diego Knauss School of Business, which announced in August 2023 that it has designated three MBA concentrations as STEM. Meanwhile, another 13% said that while their programs aren’t currently STEM, they plan to go through the curriculum overhaul and rigorous approval process to secure that designation. According to 112 admissions officers surveyed in fall 2022, 30% said their programs are now designated as STEM programs, a significant increase from the 2020 survey, which found only 13% were designated as STEM programs. securing STEM designation - but they also found that universal adoption appears to be a long way off. In a recent business school admissions officers survey, global educational services company Kaplan and its sister company Manhattan Prep found an increasing percentage of full-time MBA programs across the U.S. Yet according to a major new survey, we may be only at the beginning of the STEM movement. The University of Wisconsin Business School was the first school to “go STEM” - to designate part of its MBA a Science, Technology, Engineering and Math degree, with implications not only for visa eligibility but for long-term employability, too - and dozens of B-schools have followed (for a complete list, see the next pages). It seems like everywhere you look in graduate business education these days, you find STEM.įor the last six years, but especially since 2019, business schools from the upper tier of the rankings to the unranked have galloped to establish STEM tracks, concentrations, pathways, and more in their MBA and other graduate degree programs.
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