It is undeniable that tech and business can go hand in hand. Conquering the tomorrows of business will require you to harness technology and data driven tools to guide diverse and interdisciplinary teams. STEM - MBA brain child of US business schools is the smart way of gaining this experience and standing out to employers across industries.
What is a STEM MBA?
STEM is an acronym for Science, Technology, Engineering, Mathematics. If a field of study falls into any of these categories then it is recognized as a STEM program.
The question often arises: "Is a STEM MBA a degree?" Traditional business and management programs such as MBAs have not been categorized under STEM. However, in response to the increasing demand from prominent US companies for managerial expertise in navigating tech-centric environments, many leading US business schools have introduced STEM tracks within their MBA programs. STEM MBA programs aim to cultivate students' proficiency in both management and technical domains, creating a new class of upcoming executives fluent in both business and technology.
Who is it made for?
STEM MBA programs currently focus on teaching candidates to develop business skills using data sciences. Being a mix of business and analytics courses, candidates applying for it must make sure that they are comfortable with technical and science based curriculum.
Benefits of STEM MBA programs
Enhanced Job Opportunities
These programs, by being a mix of technology and business education, offer candidates a chance to get employed in any specialized fields related to technology and analytics. As businesses are leaning heavily on data to make business decisions, data analytics and business skills will get more and more intertwined. This trend will cause businesses to look out for professionals with business skills along with data acumen and STEM MBA graduates will be the ones stepping up to meet this demand.
Innovation and Entrepreneurship
STEM MBA programs focus on innovation and entrepreneurship . Graduates get equipped with all the skills and knowledge required to start their own business and contribute effectively towards the upliftment of existing start-ups.
Access to cutting edge resources
STEM MBA graduates have access to cutting edge resources and can collaborate on research projects and stay updated with latest technologies in the fields. This exposure to cutting edge technologies can enhance your chances to survive in the competitive job market.
Industry Connections
Usually business schools offering STEM programs have good connections with local and global industries. Network with potential employers by making use of these connections. Attend workshops, industry events, do internships and increase your job prospects post graduation.
Diverse Learning Environment
STEM MBA fosters a rich learning environment with students from different educational and cultural backgrounds. This enhances candidates to work in diverse environments and prepares them to face global aspects of modern business.
Preparation for Industry
Artificial Intelligence, Robotics and Internet of Things are reshaping industries and bringing on the fourth industrial revolution. Navigate the digital landscape with ease by having a complete understanding of both business and emerging technologies making yourself a valuable asset to industries.
Professional Paths post STEM MBA
- Product Management - From concept to market, project managers are responsible for developing products. STEM MBA graduates excel in this role as they can bridge the group between technical team and business teams.
- Technology management and Leadership - STEM MBA’s are best suited for managerial roles in technical companies eventually becoming Chief Technological Officer (CTO) or Chief Information Officer (CIO) .
- Data Analytics and Business Intelligence - STEM MBA graduates have a strong background in data analytics and are well equipped to lead data-driven decisions.
- Entrepreneurship and Start-ups - Graduates of STEM MBA can start their own start ups or join early stage start ups in leadership roles where technical and business skills are vital.
- Consulting - Work as technology consultant or strategy consultant helping companies address complex challenges and improve their operations.
Colleges in India offering STEM MBA
- SCIT Pune - MBA in Data Analytics
- IIM Kashipur - MBA in Data Analytics
- IIIT Allahabad - MBA in Technology Management
- ABBS Institute of Technology - MBA in Technology Management
- Amity Business School - MBA in Technology Management
- GNA University - MBA in Technology Management
- ICFAI - MBA in Fintech ; MBA in Information Science
- IILM Delhi - MBA in Fintech
- JBIMS - MBA in Information Science
- GIBS - MBA in Information Science
- BITS - MBA in Information Science
- Lovely Professional University - MBA in Information Science
STEM MBA programs act as a bridge between science and business. People who love technology and numbers can become great business leaders by doing a STEM MBA. If you are the one passionate about science, technology or math and want to make an impact on the business world then a STEM MBA is the right option for you. Turn your passion into a successful career!
