M.B.A. in Business Administration
The Stevens MBA program offers various formats to cater to diverse student needs, inclu...
M.B.A. in Business Administration
Hoboken, New Jersey
INTAKE: Jan & Sept
Program Overview
The Stevens MBA program offers various formats to cater to diverse student needs, including full-time and part-time options for students with at least two years of work experience, and an accelerated Analytics MBA for full-time students. There's also an Experienced Professional MBA. The program's core philosophy revolves around teaching conventional business disciplines through a technological lens, ensuring graduates are adept at leveraging cutting-edge tools and methodologies across all aspects of business. The full-time MBA typically spans 18 months, comprising 39 credits.
STEM-designated: Yes, the Stevens Institute of Technology MBA program is STEM-designated. This is a significant advantage, particularly for international students, as it allows them to be eligible for a 24-month extension of their Optional Practical Training (OPT) in the United States, providing up to three years of valuable work experience post-graduation. This designation highlights the program's strong integration of technology, data analytics, and quantitative methods into its curriculum.
Curriculum: The MBA curriculum at Stevens is designed to provide a comprehensive understanding of business functions, infused with a technology-centric approach. Core courses cover foundational areas such as Financial and Managerial Accounting, Economics for Managers, Leader Development, Business Analytics: Data, Models & Decisions, Applied Analytics, Strategic Management, Marketing Management, Operations Management, and Managerial Judgment and Decision-Making. Students also engage in an Industry Capstone Experience, providing real-world consulting exposure. The program offers several technology-flavored concentrations, allowing students to specialize in areas like Business Intelligence & Analytics, Finance, Financial Analytics, Financial Engineering, Financial Technology (FinTech), Information Systems, Project Management, and Sustainability Management. Elective courses provide further flexibility for in-depth study or broader exploration.
Research Focus: The Stevens MBA program integrates a strong applied research focus, particularly within its emphasis on analytics and technology. Faculty members are connected with high-tech organizations globally and engage in cutting-edge research in areas like entrepreneurship, innovation, and project management. The curriculum encourages students to apply data-intensive methods to industry challenges, gaining hands-on expertise with AI-driven business intelligence, automated forecasting, and real-time analytics. The culminating Industry Capstone Program serves as a significant research and application experience, where students, under faculty mentorship, develop solutions to real business problems for actual companies.
Industry Engagement: Stevens Institute of Technology places a high premium on industry engagement, leveraging its proximity to Wall Street and numerous Fortune 500 engineering and technology companies in the New York metropolitan area. The Industry Capstone Program is a hallmark of the full-time MBA, immersing students in consulting engagements with real-world companies, providing invaluable networking opportunities and practical experience. The curriculum is taught by faculty who are often connected with high-tech organizations, ensuring that the program remains relevant to current industry demands. Stevens' Career Center actively connects students with opportunities for internships and career placement, drawing on a powerful alumni network of 40,000 professionals globally.
Global Perspective: Stevens Institute of Technology fosters a global perspective within its MBA program through several avenues. The university is home to a diverse student community representing over 50 countries, enriching the learning environment with varied cultural perspectives and approaches to business problems. The curriculum often includes discussions on the international implications of finance and technology integration, preparing graduates for leadership roles in an increasingly interconnected global economy. Furthermore, Stevens has partnerships, such as a highly coordinated dual degree program with SP Jain Institute of Management and Research (SPJIMR) in India, which provides students with a broad spectrum of skills from technology-driven management to a global outlook.
Location
Hoboken, New Jersey
Score
IELTS 6.5
Tuition Fee
USD 46048
Postgraduate Entry Requirements
Academic Qualifications: Applicants for postgraduate programs typically require a minimum academic achievement of 70% or above in their bachelor's degree.
English Language Proficiency:
- IELTS: Overall band score of 6.5 or 7.0 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 74 or higher.
- DET (Duolingo English Test): Minimum score of 110.
Stevens Institute of Technology offers a variety of scholarships specifically designed to support international students, helping to make a world-class education more affordable and accessible. These scholarships recognize academic excellence, leadership potential, and contributions to the campus community.
Merit-Based Scholarships: Stevens provides competitive merit scholarships for international undergraduate and graduate students based on academic performance, standardized test scores, and other achievements. These awards can significantly reduce tuition costs and are automatically considered during the admissions process for many programs.
Need-Based Financial Aid: While limited, some need-based aid options are available to international students. Applicants are encouraged to provide detailed financial information to be considered for such assistance.
Graduate Fellowships and Assistantships: International graduate students may be eligible for fellowships, research assistantships, or teaching assistantships, which offer tuition waivers and stipends. These opportunities not only provide financial support but also valuable hands-on experience in research and academic work.
Special Scholarships: Stevens occasionally offers specialized scholarships targeting students from certain countries, underrepresented fields, or those pursuing specific disciplines like engineering, business, or cybersecurity. Prospective students should check the official Stevens website or contact the admissions office for current scholarship opportunities.
A Master of Business Administration (MBA) from Stevens Institute of Technology, based in Hoboken, New Jersey, near the global business hub of New York City, offers a distinct advantage by integrating traditional business education with a strong emphasis on technology and analytics.
Technology/Management Consultant: Leveraging the program's focus on technology and analytical problem-solving, graduates can advise companies on strategic decisions, operational efficiencies, and technology implementations. They work with top-tier consulting firms to solve complex business challenges and drive digital transformation.
Product Manager: This role is ideal for those who can bridge technology and business. Graduates define product strategy, roadmap, and features, overseeing the entire product lifecycle from conception to launch and beyond, ensuring alignment with market needs and business goals.
Business Intelligence (BI) Analyst/Manager: With a strong emphasis on business analytics and data-driven decision-making, graduates analyze complex business data to identify trends, create actionable insights, and develop reporting tools and dashboards, helping organizations make smarter strategic and operational choices.
Financial Analyst/Investment Manager: Building on concentrations in Finance, Financial Analytics, or FinTech, graduates can pursue careers in investment banking, asset management, corporate finance, or risk management, applying quantitative skills to financial modeling, investment decisions, and financial strategy.
Project Manager/Program Manager: The MBA, particularly with a Project Management concentration, prepares graduates to lead complex projects across various industries. They manage resources, timelines, budgets, and teams, ensuring successful project delivery from initiation to completion, often in technology-driven environments.
Operations Manager/Supply Chain Manager: Graduates learn to optimize operational processes, manage supply chains, and ensure efficient production and delivery of goods and services. They apply analytical and strategic thinking to improve productivity, reduce costs, and enhance overall operational performance.
Data Analyst (across industries): The robust analytics component of the Stevens MBA enables graduates to work as data analysts in virtually any sector – from marketing and healthcare to manufacturing and finance – interpreting data to provide insights that drive specific business functions.
Strategy Consultant: Graduates provide high-level strategic advice to organizations on business models, growth opportunities, competitive landscape, and overall organizational performance, often leveraging their understanding of technology's impact on strategy.
FinTech Specialist/Blockchain Consultant: With a dedicated FinTech concentration, graduates are equipped to work in the rapidly evolving financial technology sector, exploring innovations in digital payments, blockchain technologies, decentralized finance, and the application of technology to financial services.
Digital Transformation Lead: As businesses undergo digital transformation, graduates are well-positioned to lead initiatives that integrate new technologies, processes, and strategies to fundamentally change how an organization operates and delivers value, leveraging their holistic understanding of business and technology.
