A professional organization will always look for an individual with well-directed vision and well- acquainted with relevant business practices of contemporary global markets associated with strong technical know-how about the products involved. As strong technical background with
management and leadership qualities cruise organizations to new heights, prominent business schools and technical institutions worldwide have introduced many academic programs which are a union of technical courses like Information Technology and other courses involving extensive
business and management related theories and practices. The chief objectives of these programs are to incorporate theoretical and practical courses in their curriculum which demand analytical skills and are helpful in business-related decisions. Since a typical MBA degree doesn’t essentially
serve this purpose, hence, in order to produce a tailor-made course to meet the organizational management-level objectives, a lot of universities have introduced business courses amalgamated with STEM designated, specific electives.
This blend makes the business-related courses like MS in Finance, MS in Financial Engineering, MS in product Management, MS in Financial Risk Management, MS in Marketing Science, MS in Business Analytics etc. are parts of STEM degree, as compared to its cousin MBA, making a student
eligible for a three-year working visa (OPT) in the US after graduation. As it is well-known, students on STEM-designated masters degrees can apply for a 24-month STEM-extension to their 12-month Optional Practice Training (OPT) period which allows them to work on a student visa. That means
students on STEM-designated, business related masters programs can stay and work in the US for up to three years after graduation, without an H1-B visa. Prominent courses like Financial Engineering in University Of Southern California, UCLA, UIUC , University Of California, Berkeley, Cornell University, Columbia University and Temple University, Mathematical Finance in Boston University, Rutgers University and IIT Chicago, Quantitative Finance in Fordham University and Stony Brook, Financial Mathematics in Johns Hopkins University, University of Chicago,
Computational Finance in Georgia Institute of Technology, Carnegie Mellon University, Computational Finance and Risk Management in University of Washington, Analytical Finance in Lehigh and courses like MS in Marketing Science in Columbia University and MS in Marketing Analytics in Bentley University are becoming increasingly popular among international students
due to its eventual, stellar professional opportunities. These programs make young graduates industry ready to work with consulting firms, nonprofits as Marketing Analyst, Product Manager, research analyst etc. and also as a senior business analyst, Data scientist, systems administrator, senior analyst etc.
Students are attracted to these courses because the exhaustive training and the STEM designated course structure develop the critical expertise in the qualitative and quantitative analysis which is in high demand among leading global organizations across a range of industries. Students are
exposed to current business principles and statistical concepts for business and management, STEM theories in business practice, practical courses in mathematics, finance, marketing analytics and so on. These courses elevate students’ employability and are perfectly inclined towards the requirement of an organization to stand out in the global marketplace. Moreover, there are projected shortage of labor who are from this curriculum in near future in major economies like the US and more jobs are expected to be created in STEM fields than ever before which will collectively create a plethora of opportunities for graduates from STEM category in the years to come.
Mr. Nilanjan Dasgupta
Imperial Overseas Educational Consultants.