STEM is an acronym for Science, Technology, Engineering and Mathematics. STEM MBA offers business skills with an emphasis on STEM application. It includes Accounting, Business Analytics, Decision Theory, Finance, Economics, Information Technology, Law, Marketing, Management, Statistics, and Strategy while providing business skills to be successful in management and leadership roles. The courses offer business knowledge combined with technical education and thus, helps a student find a suitable job in specialized fields related to technology and analytics. In this article we are going to highlight some of the benefits of opting for this course.
Since it provides knowledge on both the fields, it makes you an expert with strong technical and managerial skills that are sought by most of the corporates today. If you have already done your graduation in the technical field and is focused to pursue a career related to the same, STEM MBA is one of the best options as it helps you build on your existing skills and develop leadership and business skills for a holistic experience.
These days businesses are incorporating technology in the day-to-day operations. Artificial intelligence is being used in almost every industry to better serve their customers and consumers. In such a scenario, it has become imperative for candidates to have relevant knowledge of these analytics and thus, know how to use them successfully in business to uplift the overall performance. STEM-designated MBA helps you learn the technical, analytical and business skills which give you a competitive edge in the job market.
MBA programs help you develop skills which are extremely crucial to be a business leader. The STEM part of the program helps you to leverage the high demand technical skills which boost your ability to succeed in this new information-based and highly technological society.STEM MBA enables you to use both domain knowledge and understanding to strategize, lead and execute successfully.
The outbreak of the pandemic has changed the regular way of doing business. Every organization is focused on using technology to support the day-to-day work, making information accessible from remote locations, securing the information on the cloud and many more such tech-based upgradation.
In such a scenario, organizations are in need of people who can manage these tasks successfully and innovate ways to cater to this challenging environment. STEM-designated MBA allows you to further strengthen your STEM knowledge and equips you with the necessary leadership skills to lead from the front. Hence, this course makes you a perfect fit for the current and future markets.
STEM aspirants can choose to study in India as well. However, the prospect of staying back in the US post course completion is indeed a lucrative option. Business schools across the US started thinking of ways to solve the problem of falling international application for MBA programs. Factors like shifting immigration policies, increased difficulty in securing the US employment visas post completion of courses contributed to a 22% drop in F-1 visas from 2016 to 2018 (as per the US State Department). Offering STEM-designated MBA program was a solution to this issue.
International students who enroll for STEM-designated programs can be in the country for up to three years under an Optional Practical Training (OPT) extension, which is not the case for F-1 students from non-STEM background. Non-STEM students have to leave the country a year after graduating. Hence, the extra time for the STEM students are beneficial as they can utilize it to gain practical experience in the corporate world. This is a huge advantage for STEM aspirants who choose to study in USA.
With the help of this article, we have captured some of the interesting advantages that you can enjoy if you opt for a STEM-designated MBA. Many business schools across the US and India have started offering STEM MBA programs to aid candidates in developing the abilities that they require in the era of digitization and robotics. Feel free to reach out to us for any query or if you’d like to know about our education loans for MBA.
Hope this has been helpful, good luck and all the best!