Master of Business Administration (MBA)
To stand out in today’s business world, you need three essential competencies. First, you need to be proficient in the basic business disciplines, such as finance, accounting, and economics. These three courses are prerequisites to the program (if you have not taken them previously you must take them as part of the program). Second, you must possess the key skills that enable you to collaborate and lead, communicate, be creative and think strategically. Third, with technology being essential to running nearly every facet of business, you need to understand how to nurture and leverage technology for business success.
The Stevens MBA is uniquely designed to equip you with these three essential elements. It will position you to operate effectively at the intersection of business and technology, which is where 21st century businesses need you to be.
You will learn from faculty members who remain connected with high-tech organizations around the globe and engage in cutting edge research in such areas as entrepreneurship, innovation and project management. You will draw upon Stevens’ rich heritage in the management sciences, and its 150+ years as an applied technological university, which puts technology at the core of your learning experience.
There are three MBA program options - the Stevens MBA for full-time and part-time students having a minimum of two years work experience, the Analytics MBA for full time students who want to accelerate their studies and complete the program in one year, and the Experienced Professional MBA that is a weekend, cohort-based program that is offered on the Stevens campus on alternate Saturdays. Applicants to the EMBA must have 5+ years of work experience. The MBA degree can also be pursued through one of our dual degree programs.
The following sections pertain to the Stevens MBA program. The Analytics MBA requirements can be found here and the Experience Professional MBA program can be found here.
Incorporating a technology-centric approach with skills development the Stevens MBA program is designed to help students succeed in today’s fast-paced technology-driven environment. Graduates from the program will be able to apply their skills to contribute to excellence at the intersection of business and technology, and lead their organizations in an increasingly complex and competitive world.
The Stevens MBA program is offered on campus on weekdays and via Stevens Online. It can also be delivered off-campus in corporate-sponsored programs.
Degree Requirements: The Stevens MBA degree comprises 13 courses (39 credits) plus the three prerequisite courses. A minimum GPA of 3.0 is required to graduate.
Admission Requirements: Applicants to the Stevens MBA program are required to have completed a four-year bachelor’s degree and it is preferred that they have at least two years of work experience. All applicants must submit transcripts showing academic achievement in prior studies (bachelor’s degree with at least a “B” average), two letters of recommendation, and a resume. All applicants (domestic and international) to the MBA program must submit a GMAT score (or GRE score if taken previously). Note: The GMAT requirement is waived for domestic candidates possessing an MS degree and 5 years of work experience. Meeting minimum admissions standards does not guarantee admission; minimum requirements serve as a guide to the minimum expected qualifications necessary to be considered for admission.
Admission decisions are made on a rolling basis. Students can apply at any time during the year.
International students for whom English is a second language must demonstrate English language proficiency by submitting the results of a TOEFL or an IELTS test.
Structure of the Stevens MBA program
Prerequisite courses
The three prerequisite courses are intended to provide students with a solid foundation in basic business skills, to ensure their ability to meaningfully engage in high-level discussions with their classmates. Students with business degrees or backgrounds in these fields may speak with the program director about waiving one or more of these courses.
MBA Core Courses
| MGT 612 | Leader Development | 3 |
| BIA 500 | Business Analytics: Data, Models & Decisions | 3 |
| BIA 610 | Applied Analytics | 3 |
| MGT 699 | Strategic Management | 3 |
| MGT 641 | Marketing Management | 3 |
| MGT 657 | Operations Management | 3 |
| MGT 635 | Managerial Judgment and Decision-Making | 3 |
| MGT 663 | Discovering and Exploiting Entrepreneurial Opportunities | 3 |
Capstone
| MGT 808 | Fundamentals of Consulting | 3 |
| MGT 809 | Industry Capstone Experience | 3 |
Concentrations
Stevens recognizes that modern managers must be well versed in the use of technology to accomplish goals and solve problems. To provide future leaders with the skills required in their industries, the School of Business offers 9 technology-flavored concentrations that go beyond the basics to explore the ways technology will continue to evolve each particular discipline.
Each of the 9 concentrations of the Stevens MBA offers a deep dive into the ethical questions, technology issues and strategic concerns of these areas, preparing students for leadership roles in the most in-demand disciplines in business.
Business Intelligence and Analytics Concentration
As organizations better understand how Big Data is revolutionizing business, those companies need leaders with strong analytical skills and the ability to turn the numbers into actionable business insight. The Business Intelligence & Analytics concentration gives you the analytical skills to needed to work in this high-demand field, enabling you to pursue careers in data-rich environments and craft practical growth strategies.
Required Courses
| BIA 672 | Marketing Analytics | 3 |
| BIA 674 | Supply Chain Analytics | 3 |
| BIA 658 | Social Network Analytics and Visualization | 3 |
| BIA 670 | Risk Management and Simulation | 3 |
Finance Concentration
The Finance concentration provides the basic theory and practice of corporate financial management and examines the structure of financial markets and major financial instruments. Stevens’ proximity to Wall Street makes this major a natural choice for many students.
Required Courses
Financial Analytics Concentration
Required Courses
| FE 511 | Introduction to Bloomberg & Thomson-Reuters | 1 |
| FE 515 | Introduction to R | 1 |
| FE 520 | Introduction to Python for Financial Applications | 1 |
| FE 582 | Foundations of Financial Data Science | 2 |
| FE 513 | Financial Lab: Practical Aspects of Database Design | 1 |
| FE 595 | Financial Technology | 3 |
| FE 550 | Data Visualization Application | 3 |
Financial Engineering Concentration
Required Courses
| FE 543 | Introduction to Stochastic Calculus for Finance | 3 |
| | Or | |
| FE 610 | Stochastic Calculus for Financial Engineers | 3 |
| | | |
| | | |
| FE 535 | Introduction to Financial Risk Management | 3 |
| | Or | |
| FE 621 | Computational Methods in Finance | 3 |
| | | |
| FE 630 | Portfolio Theory and Applications | 3 |
| FE 620 | Pricing and Hedging | 3 |
Financial Technology Concentration
The Financial Technology Concentration will equip students with knowledge about databases and decentralized finance that will allow them to lead financial technology or data science teams in start-ups as well as in established financial industry firms. A student graduating with this concentration is expected to oversee construction of innovative financial products in tomorrow’s financial services industry.
Required Courses
| FA 582 | Foundations of Financial Data Science | 2 |
| FA 595 | Financial Technology | 3 |
| FA 591 | Blockchain Technologies & Decentralized Finance | 3 |
| FA 596 | Digital Payment Technologies and Trends | 3 |
| FE 513 | Financial Lab: Practical Aspects of Database Design | 1 |
Information Systems Concentration
In today’s globally connected world, information systems are integral to company operations. This concentration blends both strategic and tactical perspectives, providing you with skills that enable you to advance to the highest ranks within a corporate IT department.
Required Courses
| MIS 699 | Managing Emerging Information Technology | 3 |
| MIS 710 | Process Innovation and Management | 3 |
| MIS 714 | Service Innovation | 3 |
| MIS 730 | Integrating Information System Technologies | 3 |
Network and Communication Management and Services Concentration
Required Courses
| TM 601 | Principles of Applied Telecommunications Technology | 3 |
| TM 610 | Business Information Networks | 3 |
| TM 612 | Regulation and Policy in the Telecommunications Industry | 3 |
And one of the following
| TM 615 | Wireless Communications and Mobile Computing | 3 |
| TM 630 | Broadband Networking: Services and Technology | 3 |
| TM 650 | Software Defined Networking and Network Function Virtualization | 3 |
Project Management Concentration
Excellence in project execution is the hallmark of successful companies. This concentration provides you with the skills to lead complex projects and programs within organizations. It leverages new concepts in strategic project management and leadership that were developed by School of Business faculty and have achieved international acclaim.
Required Courses
Sustainability Management Concentration
This concentration is to combine the management skills with deep and practical knowledge of the technical aspects of sustainability. The program emphasizes development of sustainable models for business operations, i.e., promoting economic and business development without damaging the environment, and implementation of practical solutions inside of organizations resulting in cost-saving through sustainable practices.
Required Courses
| SM 510 | Perspectives in Environmental Management | 3 |
| SM 530 | Sustainable Business Strategies | 3 |
| SM 587 | Environmental Law and Management | 3 |
| SM 531 | Sustainable Development | 3 |
Students who choose the Sustainability Management concentration can substitute MGT 663 with SM 535 in the MBA Core Courses. Additionally, students in the Sustainability Management concentration should enroll in SM 690 - Project in Sustainability Management instead of MGT 809 for their capstone.