STEM MBA in USA is a unique program that combines the traditional MBA curriculum with science, technology, engineering and mathematics. This program is particularly popular among engineering students who wish to acquire business skills along with technical expertise. Currently, top business schools in the USA like MIT, Harvard University, New York University offer the STEM MBA program to the international students
To be eligible for STEM MBA programs in USA, applicants typically require a bachelor's degree with a minimum GPA of 3.0. International students need to demonstrate their English proficiency through a minimum TOEFL score of 80 to 109 or higher. Additionally, many universities require a competitive GRE or GMAT score of around 700 for admission to the program.
STEM MBA in USA is generally a full-time, 24 months program, but is also offered as a MS/MBA joint degree. Graduates of STEM MBA in USA are allowed to choose an Optional Practical Training (OPT) for 36 months after graduation. International students can apply for admission to STEM MBA programs in USA in various rounds until March or April 2023.
STEM MBA in USA: Highlights
| Courses Available | Full-time MBA | Executive MBA |
| Course Type | Full-time | Part-time |
| Program Duration | 1-2 Years |
| Degree Requirement | Bachelor’s degree in a STEM course from an accredited institution |
| GPA | Minimum GPA requirement of over 3.0 out of 4.0 (83-86%) |
| English Proficiency Requirements | IELTS: 7 to 7.5 overall score | TOEFL iBT: 90 to 109 overall score |
| GMAT/GRE Score | GMAT: 629 to 737 | GRE Verbal: 152 score | GRE Quant: 152 score |
| Annual Tuition Fees | USD 53,500 to USD 108,000 (INR 43.9 Lakhs to INR 88.7 Lakhs) |
| Annual Salary Range | USD 60,400 to USD 118,750 (INR 49.8 lakhs to INR 97.9 lakhs) |
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Top Universities for STEM MBA in USA
Indian students with a US-equivalent undergraduate degree are eligible to apply to the STEM MBA programs in USA. Following are some of the top universities for STEM MBA in USA for Indian students and their admission deadlines:
| University | Application Deadlines | Tuition Fee per year (USD) |
|---|---|---|
| MIT Sloan School of Management | 11 April 2023 (Closed) | 80,400 |
| NYU Stern School of Business | 15 March 2023 (Closed) | 82,350 |
| Harvard Business School | 4 Jan 2023 (Closed) | 73,450 |
| The University of Chicago Booth School of Management | 11 April 2023 (Closed) | 77,850 |
| Tepper School of Business | 1 May 2023 | 72,800 |
| Babson College | 16 March 2023 (Rolling) | 20 April 2023 | 71,550 |
| Stanford Graduate School of Business | 11 April 2023 (Closed) | 76,950 |
| The Wharton School | 29 March 2023 (Closed) | 84,900 |
| Kellogg School of Management | 5 April 2023 (Closed) | 108,000 | 78,300 |
| Kelley School of Business | 15 April 2023 (Closed) | 53,500 |
Why Study STEM MBA in USA?
An MBA in USA is itself a prestigious program to pursue, that too in STEM courses adds much to the student’s CV as well as his/her skill set. Here are some of the reasons to study STEM MBA in USA:
- Many STEM MBA programs in USA can be completed in a time period as short as 12 months.
- STEM MBA in USA is offered by several globally ranked institutions such as University of Pennsylvania, MIT Sloan School of Management, Harvard Business School, etc.
- The average annual salary after completing STEM MBA in USA ranges from USD 60,400 to USD 118,750 (INR 49.8 lakhs to INR 97.9 lakhs).
Admissions to STEM MBA in USA
The admissions to a majority of universities offering STEM MBA in USA are closed or reaching the last intake round, hence, closing soon. Therefore, candidates should keep an eye on the intake rounds and prepare for the applications. The following subsections elaborate on the admission procedure and application deadlines for STEM MBA in USA:-
STEM MBA in USA: Eligibility Criteria
Although the entry requirements vary with the university and specialisation, the overall eligibility criteria for STEM MBA programs in USA can be summed up as follows:
- Bachelor’s degree in a STEM course from an accredited institution
- Minimum GPA requirement of over 3.0 out of 4.0
- An average GMAT score of 629 to 737
- At least 152 score in GRE Verbal and Quant
- Around 5 years of Relevant prior experience
- 2 academic and 1 professional Letter of Recommendation (LOR)
- A 250-700 word Statement of Purpose (SoP)
- Official transcripts or certified copies of transcripts
- Updated Resume or CV
- Portfolio
- Personal Interview
- Proof of English Proficiency:-
- IELTS: 7 to 7.5 overall score
- TOEFL iBT: 90 to 109 overall score
- A valid passport
- USA Student Visa
STEM MBA in USA: Admission Requirements
The basic eligibility criteria for STEM MBA programs in USA includes a bachelor's degree or equivalent, competitive GMAT score and TOEFL score, and work experience of 2 or more years. The university-specific admission requirements for STEM MBA in USA are as follows:
| University | GPA Requirement | GMAT/GRE Score | English Language Proficiency |
|---|---|---|---|
| MIT Sloan School of Management | 3.6 GPA out of 4.0 in a Bachelor’s degree in a relevant stream | GMAT: 690 | GRE: 157 | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 90 |
| NYU Stern School of Business | 4-year Bachelor’s degree in a relevant stream from an accredited university | Indian candidates with a 3-year Bachelor’s degree can also apply | GMAT: 640 | GRE Quant: 153 | GRE Verbal: 150 | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 100 |
| Harvard Business School | 4-year Bachelor’s degree in a relevant stream from an accredited university | GMAT: 540 | IELTS: 7.5 (with at least 7 in each band) | TOEFL: 109 |
| The University of Chicago Booth School of Management | 3.6 GPA out of 4.0 in a Bachelor’s degree in a relevant stream | GMAT: 729 (average) | GRE Quant: 164 (average) | GRE Verbal: 163 (average) | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 104 |
| Carnegie Mellon University, Tepper School of Business | 4-year Bachelor’s degree or equivalent in a relevant stream from an accredited university with at least a grade B | GMAT: 640 (average) | IELTS: 7 (with at least 7 in each band) | TOEFL: 20 in each section |
| Babson College | Bachelor’s degree or equivalent in a relevant stream from an accredited university | GMAT: 629 (average) | GRE Quant: 157 (average) | GRE Verbal: 152 (average) | IELTS: 7.5 (with at least 7 in each band) | TOEFL: 100 |
| Stanford Graduate School of Business | Bachelor’s degree or equivalent in a relevant stream from an accredited university | GMAT: 737 (average) | GRE Quant: 164 (average) | GRE Verbal: 163 (average) | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 100 |
| The Wharton School | 3.6 GPA out of 4.0 in a Bachelor’s degree in a relevant stream | GMAT: 733 (average) | GRE Quant: 162 (average) | GRE Verbal: 162 (average) | IELTS: 7 (with at least 6.5 in each band) |
| Northwestern University, Kellogs School of Management | Bachelor’s degree in a relevant stream from an accredited university | GMAT: 729 (average) | GRE Quant: 163 (average) | GRE Verbal: 162 (average) | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 100 |
| Indiana University, Kelly School of Business | Bachelor’s degree in a relevant stream from an accredited university with around 3.4 GPA out of 4.0 | GMAT: 685 (average) | GRE Quant: 159 (average) | GRE Verbal: 159 (average) | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 100 |
STEM MBA in USA: Tuition Fee
The average annual cost of studying STEM MBA programs in USA varies from USD 53,500 to USD 108,000, equivalent to INR 43.9 Lakhs to INR 88.7 Lakhs. The following table depicts the university-specific tuition costs for STEM MBA in USA:
| University | Tuition Fee per year (USD) | Tuition Fee per year (INR) |
|---|---|---|
| Massachusetts Institute of Technology | 80,400 | 66 Lakhs |
| New York University | 82,350 | 67.6 Lakhs |
| Harvard University | 73,450 | 60.3 Lakhs |
| University of Chicago | 77,850 | 63.9 Lakhs |
| Carnegie Mellon University | 72,800 | 59.8 Lakhs |
| Babson College | 71,550 | 58.8 Lakhs |
| Stanford University | 76,950 | 63.2 Lakhs |
| University of Pennsylvania | 84,900 | 69.7 Lakhs |
| Northwestern University | 108,000 | 88.7 Lakhs |
| Indiana University | 53,500 | 43.9 Lakhs |
Cost of Living in USA
USA is the most popular as well as the costliest study abroad destination for STEM MBA programs in USA as well as other programs. This corresponds to the quality of education, safety, ambiance, and health services offered by the country. An international student's annual cost of living in USA is on average 25,000 USD which roughly estimates at 20 lakhs INR. The following table shows the average expense and the cost of living in USA for international students:
| Expense Type | Average Annual Expense (USD) | Cost for Indian Students (INR) |
|---|---|---|
| Accommodation | 1300-2000 | 1,05,800-1,63,000 |
| Meals | 35 | 2,850 |
| Transportation (bus pass) | 66 | 5,400 |
| Health Insurance | 500-1000 (yearly) | 40,700 - 81,300 |
| Personal Expenses | 120 | 9,760 |
STEM MBA in USA: Scholarships
Candidates facing financial hardship while pursuing STEM MBA in USA can look forward to the various scholarship programs and grants in order to fund their education. Following is the list of some of the popular scholarships in USA for international students:
| Scholarship | University | Eligibility | Award |
|---|---|---|---|
| Ford Fellowship | University of Pennsylvania, Wharton | Candidates studying in the first-year of MBA program with high GPA | USD 10,000 |
| Free Application for Financial Student Aid (FAFSA) | US Government | US citizens or permanent residents studying in USA | Varies |
| McKinsey Award | MIT Sloan School of Management | MBA students with academic excellence | Up to 10,000 per year |
| Fulbright Scholarships for Indians | US Government | Indian citizen | Academic excellence | English proficiency | Monthly stipend, Tuition and cost of attendance coverage |
| Inlaks Scholarship | US Government | Indian citizen | Minimum 65-75% marks | 100,000 USD |
Jobs after STEM MBA in USA
STEM MBA in USA allows one to choose from a number of lucrative job profiles with an average annual salary ranging from USD 60,400 to USD 118,750 equivalent to INR 49.8 lakhs to INR 97.9 lakhs. Some of the popular job options are tabulated as follows:-
| Job Profile | Annual Salary (USD) | Equivalent Salary (INR) |
|---|---|---|
| Investment Banker | 118,750 | 97.9 lakhs |
| Senior Business Analyst | 89,500 | 73.8 lakhs |
| Project Manager, IT | 91,200 | 75.2 lakhs |
| Operations Manager | 69,850 | 57.6 lakhs |
| Financial Advisor | 63,350 | 52.2 lakhs |
| Administrative Manager | 60,400 | 49.8 lakhs |
| IT Manager | 90,200 | 74.3 lakhs |
Explore: Post-Study Work Visa in USA
STEM MBA in USA: Return on Investment
The university-specific average annual graduate salaries received after pursuing a STEM MBA program in USA are tabulated as follows:-
| University | Tuition Fee per year (USD) | Graduate Salary (USD) |
|---|---|---|
| MIT Sloan School of Management | 80,400 | 165,000 |
| NYU Stern School of Business | 82,350 | 170,000 |
| Harvard Business School | 73,450 | 175,000 |
| Tepper School of Business | 72,800 | 148,000 |
| Babson College | 71,550 | 147,600 |
| Stanford Graduate School of Business | 76,950 | 174,000 |
| The Wharton School | 84,900 | 175,000 |
| Kellogg School of Management | 108,000 | 165,000 |
| Kelley School of Business | 53,500 | 115,000 |
If you belong to an Engineering background, the STEM MBA will give you exposure to a combination of business and technical fields. With lucrative salaries, in demand skill sets and a variety of job options across numerous top companies around the world, STEM MBA is currently one of the best academic disciplines to choose from.
FAQs
Ques1. Who are the top recruiters for STEM MBA graduates in USA?
Ans. the following are some of the top recruiting firms for STEM MBA graduates in USA:
- Deloitte
- Microsoft
- Meta
- Walmart
Ques2. How much does STEM MBA in USA cost?
Ans. The average cost of studying STEM MBA in USA ranges from USD 53,500 to USD 108,000 which is equivalent to INR 43.9 Lakhs to INR 88.7 Lakhs.
Ques3. Is prior work experience required for applying to STEM MBA courses in USA?
Ans. A majority of business schools require relevant prior experience ranging from 2-5 years or applying to STEM MBA courses in USA. However, candidates may look for universities offering MBAs in USA without work experience.
Ques4. What are the requirements for applying to STEM MBA courses in USA?
Ans. Individuals possessing a 4-year US Bachelor’s degree in a STEM program or its equivalent from an accredited university with at least a 3.0 out of 4.0 GPA are considered eligible to apply. Furthermore, applicants must also have GMAT: 629 to 737 overall score or GRE Verbal: 152 scores and GRE Quant: 152 scores.
Ques5. How is STEM MBA in USA different from a normal MBA program?
Ans. STEM MBA in USA showers technical skills as well as business-related skills upon the students while a normal MBA caters to only business or analytical skills. Moreover, only a handful of MBA programs are designated as STEM programs such as Business, Energy, Environment, and Sustainability; Environmental, Social, and Governance Factors for Business, etc.
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