“Our students stand out because they can translate big data, and leverage their skills and knowledge, to adapt to what is happening in the tech-business world,” Russ explains. Fuqua is already seeing the results of this, with 30% of MBA students finding employment in tech-related jobs. “But with the rise of the technology industry and the addition of this curriculum offering, we are seeing technology related-careers as being on par for our graduates.”įor MSTeM students, mastering core skills like data analytics and digitalization are stepping stones into prime employment at Silicon Valley’s giants. “A few years ago, consulting was the clearly dominant industry for our graduates,” Russ illustrates. Google and Amazon respectively saw a 75% and 67% increase in their MBA hires last year, while overall, 89% of tech companies planned to hire MBA graduates in 2018, according to the GMAC Corporate Recruiters Survey. Move aside consulting firms and investment banks-tech companies are fast becoming some of the biggest employers of MBA graduates. Given that STEM graduates are expected to be the highest paid in 2019, it’s a very enticing prospect. “We hope to create a workforce that has the necessary STEM skills to continue innovation in business and meet the needs of the market,” Russ stresses. This is where those with the MSTeM will have a significant advantage in the job market. This comes down to lack of qualification and expertise in high-skilled STEM fields, as well as the decision of many STEM graduates from countries like India and China to work domestically rather than relocate. While America’s job market is competitive-particularly for internationals-for those with the right skills, the odds may be in your favor.Īn increasing STEM skills shortage in the US is estimated to leave two million jobs empty by 2025. Popular among these are classes in data analytics, exposing students to big data and its many applications across business, as well as classes in fintech, blockchain, and cryptocurrency.Ģ. “Our biggest goal is to give students the opportunity to not only go in-depth on leveraging data, but to be able to apply that across disciplines,” explains Russ Morgan, the senior associate dean of full-time programs at Fuqua. The STEM Designated MBA (MSTeM) at Duke University’s Fuqua School of Business in Durham, North Carolina, offers students an insight into these innovations. In marketing, artificial intelligence technology has become a tool for customer interaction. In finance, we’ve seen the quick emergence of online banking and fintech. You’ll be at the forefront of tech innovationĮverywhere you look, businesses are incorporating tech into their operations. Here’s five reasons why you should do a STEM-designated MBA:ġ. Pursing an MBA program with STEM designation is a chance to gain expertise in the more technical areas of business and, if you’re an international student, it could help you extend your stay in the US. Now, some US schools are starting to offer STEM (science, technology, engineering, mathematics) tracks on MBA programs. The demand is clear-programs with a data analytics specialization, for example, are the fastest growing, with a 33% increase in volume between 20. Business schools are quickly recognizing the importance of teaching more technical, digital skills alongside traditional core courses in leadership and management.
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