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MBA in Science and Math

The MBA degree in Science and Math is otherwise known as the STEM (Science, Technology, Engineering & Math) MBA (Master of Business Administration). Graduates of this degree can get employed in a vast array of fields and are highly sought after because they possess expertise of two areas.

What Is MBA in Math and Science?

The MBA in Math and Science or the STEM MBA is a degree that is specifically designed for students with a bachelor’s in any of the aforementioned STEM areas who decide to gather knowledge of business. They may enroll in this degree to either get a competitive edge in their job or to learn the fundamentals of business and apply them to their own field in a particular way.

What Can You Do with an MBA in Science and Math?

Although the employment opportunities are quite vast, the graduates with an MBA in Math can get employed as Financial Managers. On the other hand, those with MBA in Science may work as Environmental Scientists and Specialists. The US Bureau of Labor Statistics (BLS) reported the following career outlook for possible jobs in this field in 2018-19.

Financial Managers

Financial Managers are tasked with the planning, directing and coordinating all matters relating to the accounting, banking, investing, securities, insurance as well as all other financial activities of the department or organization they are employed at.

Annual Median Salary, 2019

$129,890

Job Outlook, 2018-2028

16%

Annual Mean Salary, 2019

$147,530

State with the Highest Employment Level, 2019

California

92,060

State with the Highest Salary, 2019

New York

$210,240

Environmental Scientists and Specialists

Environmental Scientists and Specialists are supposed to investigate various existing or future problems. Their research helps identify or eliminate sources of problem such as, pollutants in the environment or hazardous materials that harm the planet and the human health.

Annual Median Salary, 2019

$71,360

Job Outlook, 2018-2028

8%

Annual Mean Salary, 2019

$77,940

State with the Highest Employment Level, 2019

California

14,380

State with the Highest Salary, 2019

District of Columbia

$112,540

What to Expect from an MBA in Science and Math?

The curriculum of this degree generally varies depending on the specialization and the institution. For example, the curriculum of STEM MBA offered by the Simon Business School at the University of Rochester includes courses like:

  • Corporate Financial Accounting
  • Information Systems for Management
  • Capital Budgeting and Corporate Objectives
  • Business Modeling
  • Data Analytics etc.

On the other hand, the Dual Degree-MS in Mathematics in Finance/MBA offered by the Stern School of Business at the New York University includes courses such as:

  • Derivative Securities
  • Risk and Portfolio Management with Econometrics
  • Stochastic Calculus
  • Computing in Finance and so on.

For detailed curriculum, please visit the official website of your desired university.

How to Choose an MBA in Science and Math?

While choosing an institution to apply for an MBA in Science and Math, there are many aspects you must consider. For example, you must look for the;

  • Ranking of your desired school/university
  • Relevance of courses in the curriculum to your desired subject
  • Accreditations from relevant authorities e.g. AASBC or GISMA etc.
  • Admission and graduation requirements
  • Career prospects after graduation etc.

For example, the students of Dual Degree-MS in Mathematics in Finance/MBA offered by the Stern School of Business at the New York University must complete 72 credit hours to graduate.

MBA in Science and Math Admission Requirements

The admission requirements vary for each type of MBA degree and also depend on the institution. For instance, you must visit the official website of your preferred degree to figure out what kind of aptitude tests they require along with minimum acceptable scores. They may require some pre-requisites courses that you may need to fulfill before applying to the program. Other requirements may include:

  • An online application
  • Transcripts from previous degrees
  • GRE/GMAT scores sent via ETS
  • IELTS/TOEFL (for international students)
  • Recommendation letters
  • Personal Statement
  • Work experience in the field might also be required

For specific admission requirements, please see the official website of your preferred university.



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Frequently Asked Question(s)

Q:How long is the MBA in Science & Math degree program?

A:The MBA in Science & Math degree program is a two year program if pursued on campus-based institutes in the regular MBA program. However, the duration can vary with the type of MBA pursued. If you opt for the accelerated MBA in Science & Math, that will take about 18 months to complete. The E-MBA takes 3 years plus for completion since the classes are conducted either on the weekends or in the evening, after office timings. Lastly, if you pursue the online MBA in Science & Math, the degree duration is dependent on you since there is no limitation on that.

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