All major US business school STEM programs
It seems like everywhere you look in graduate business education these days, you find STEM.
Over the past six years, but especially since 2019, business schools from the top tier of ranked to unranked have galloped to establish STEM tracks, concentrations, paths, and more. in their MBA and other graduate programs. The University of Wisconsin School of Business was the first school to “go STEM” — to designate all or part of its MBA to science, technology, engineering, and math, with implications not just for eligibility for visas, but also for long-term employability – and dozens of B schools have followed (for a full list, see the following pages). Yet, according to a major new survey, we may only be at the beginning of the STEM movement.
In its annual survey of business school admissions officers released Thursday, Jan. also finds that universal adoption seems like a long way off. According to nearly 100 admissions officers surveyed last fall, 22% say their programs are currently designated as STEM programs, a significant increase from the 2020 survey, which found only 13% were designated as programs. STEM.
Meanwhile, 23% say that although their programs are not currently STEM, they plan to go through the curriculum redesign and rigorous approval process to earn this designation. However, the remaining 55% say they are not STEM designated and have no intention of pursuing it.
SOME CONTEXTS ON THE STEM MOVEMENT
Kaplan’s previous survey of admissions officers at 90 full-time B schools across the United States, as of the end of 2020, included 14 of the top 50 programs ranked by American News & Global Report. While only 13% said they already have a STEM-designated MBA, 30% were considering it, but the vast majority – 57% – said they were not considering becoming a STEM.
Will this change? Will business schools continue to STEM-ify their MBA programs? Probably – because there’s just too much to lose by not doing it.
To understand the appeal of STEM, one need only look at the current US immigration system as it relates to highly skilled workers. International graduates from US business schools can hold jobs in the US for only 12 months before needing an H1-B visa. But there is a workaround. In 2016, the federal government created the STEM Designated Degree Program, which allows international graduates to stay in the United States for an additional 24 months after graduation and receive training through a work experience. job. This means that students with a designated STEM master’s degree can work in the United States for up to three years after graduation without an H1-B visa. According to the US Bureau of Labor Statistics, the demand for STEM jobs will increase by 13% by 2027, with higher salaries than non-STEM jobs: the national average for STEM salaries is $87,570, while non-STEM jobs earn about half that amount, with an annual average of $45,700; and of course, MBAs from top schools pay a lot more.
Reading the waters, schools quickly began to design and offer STEM programs to take advantage of the new rules and generate new interest from foreign applicants. The University of Wisconsin-Madison was the first top 50 school to receive the STEM designation from the Department of Homeland Security for its operations and technology management concentration in 2016. The following year, Duke University added a science and technology management track in STEM management to the Fuqua School of Business MBA program. And in 2018, the University of Rochester became the first school to have its entire MBA program designated as STEM. This month of December, Poets&Quants named Rochester Simon MBA our program of the year.
“THIS WILL BE THE DIFFERENTIATOR”
Like many schools, Simon tested the waters before launching his MBA. The school achieved the STEM designation for its MS in Marketing Analytics and MS in Business Analytics in September 2016. Simon added the STEM designation to his MS in Finance in December 2016 and to his MS in Accountancy in July 2018. Applications have increased by more than 40% for the four programs, to 4,104 in 2017-2018 compared to 2,903 in 2013-2014.
So: disaster. Applications in Rochester and pretty much everywhere else in higher business education have begun a years-long free fall – scaring B schools worried about results and fueling the STEM movement even more. (Read here for more details, and here for our continuing coverage of small school STEM adoption.) Now, as the coronavirus and other factors have reversed the decline, B schools are well positioned to reaping the benefits: All of the top 25 schools and dozens more have integrated STEM into their MBA programs; nine schools in the top 25 and five in the top 10 have completed their entire STEM MBA program.
“Non-citizen graduates of top-ranked U.S. MBA programs will almost always quickly find employment in the United States, but it may take longer for graduates of less competitive programs, especially given the unpredictability of the job market. labor and the economy since the start of the pandemic,” said Brian Carlidge, vice president of Kaplan. “This extra time would provide graduates with a lifeline, showing potential employers that investing in them could provide a strong return on investment.
“While the process for business schools to earn STEM designation is not quick or easy, and many smaller programs may not have the bandwidth to do so, not being designated STEM may put them at a disadvantage when it comes to recruitment. For many candidates outside of the United States, this will be the differentiating factor. »
For its 2021 survey, Kaplan surveyed admissions officers from 91 full-time business schools across the United States via email between September 2021 and October 2021. Respondents included 24 of the top 100 programs ranked by US News and World Report.
“Achieving a STEM credential is a rapidly growing trend, especially among top-ranked MBA programs,” says Brian Carlidge. “For less competitive programs, adoption has been steady, but much slower. And not having that designation could significantly hamper their efforts to recruit international students, many of whom want to build lives and careers in the United States after graduation.
About two years before Kaplan’s last poll was conducted, in the whirlwind of “STEM-pede” that saw dozens of B-schools rush to establish STEM pathways in their MBA and other degree programs, the former dean of the Tepper School of Business at Carnegie Mellon University summed up the landscape succinctly:
“For us, it’s really about making sure we position the school properly as a science of management,” Robert Dammon said in November 2019. “The Tepper School is really where management science has grown. , and we’ve been doing management science for a very long time. The commitment to intellectual rigor is deep. The change fits well with the university’s reputation and brand as a technology university.
“The STEM designation is obviously going to be attractive to international students,” Dammon continued, noting that at the time, 35% of Tepper’s existing MBA enrollment was from outside the United States. “We have been asked by our current international students why this school is not STEM Designated given the approach we take. I suspect this will be very positive for international students looking to earn an MBA in the USA. We hopefully we will become a school that international students want to come to.
Brad Staats, Associate Dean of MBA Programs and Professor of Operations, added his perspective in December 2019: “At UNC Kenan-Flagler, we continue to innovate to prepare students not only for the job market today, but also in the future. With our new STEM-certified concentration, we draw on the school’s rich analytical skills and apply them to various industries to create unique learning opportunities for our students.
And Ash Soni, associate executive dean for academic programs at Indiana Kelley, said P&Q in March 2020: “STEM helps international students find jobs in the United States, helps bring them to Kelley, helps Kelley attract business partners who have never worked with us before. It is obvious.
See the following pages for a comprehensive list of STEM programs at U.S. business schools, listed alphabetically, along with course descriptions and links.
AND SEE OUR COVERAGE OF TOP STEM SCHOOLS:
ALL STEM PROGRAMS AT TOP US BUSINESS SCHOOLS (2020)
HARVARD BUSINESS SCHOOL
NORTH WESTERN KELLOGG UNIVERSITY SCHOOL OF MANAGEMENT
MIT SLOAN SCHOOL OF MANAGEMENT
STANFORD GRADUATE SCHOOL OF BUSINESS
COLOMBIA BUSINESS SCHOOL
UC-BERKELEY HAAS SCHOOL OF BUSINESS
DARTMOUTH TUCK SCHOOL OF BUSINESS
UNIVERSITY OF MICHIGAN ROSS SCHOOL OF BUSINESS
YALE SCHOOL OF MANAGEMENT
NYU STERN SCHOOL OF BUSINESS
CARNEGIE MELLON TEPPER SCHOOL OF BUSINESS
USC MARSHALL SCHOOL OF BUSINESS
UNC KENAN-FLAGLER BUSINESS SCHOOL
INDIANA UNIVERSITY KELLEY SCHOOL OF BUSINESS
UC-DAVIS GRADUATE SCHOOL OF MANAGEMENT
JOHNS HOPKINS CAREY SCHOOL OF BUSINESS
UC-IRVINE MERAGE SCHOOL OF BUSINESS
HIDDEN GEMS OF THE MBA: HOW THESE B SCHOOLS HAVE EMBRACED THE STEM OVERFLOW