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)

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:

STEM MBA in USA: Tuition Fee

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

Cost of Living in USA

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:-

Jobs after STEM MBA in USA

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:-

STEM MBA in USA: Return on Investment

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:

  • Google
  • 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.