MBA - STEM

Credit Hours

Month Completion

Class Type

Face-to-face, Online courseworkSee state availability

Next Start Date

Jan 8, 2024

Placement Tests

GMAT/GRE not required for admission

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Home / Degrees / Master's Degrees / MBA Programs / MBA-STEM

Lead with confidence amid uncertainty with a STEM MBA

In today’s constantly evolving world, leaders who use data to inform their decisions achieve better results. Master the tools to transform complex data into powerful insights that drive business success with Franklin’s 18-month MBA-STEM. Franklin’s STEM-designated MBA bridges the gap between theory and practice while equipping you with skills to integrate data analysis with business best practices. Earn your degree 100% online or through a combination of on campus and online courses.

Program Availability

Online

On Site

MBA-STEM Program Overview

Boost your competitive advantage by combining business basics with in-demand analytics skills

Six 6-week major area courses provide you with essential business knowledge in economics, marketing management, financial and managerial accounting, human resource management and strategic management. Five additional courses focused on leading-edge data tools and techniques build your skills in analytics, data visualization and reporting, Big Data and data mining, database management and business analytics strategy.

In addition, an embedded Graduate Certificate in Data Analytics, provides the opportunity for you to earn a valuable credential on the path to your STEM MBA.

Get hands-on experience with industry-leading data analytics tools

Dig into the world of statistics and data analytics with a comprehensive introduction to analytics. Explore relevant topics like data collection, analysis and visualization, alongside probability, statistical inference and regression methods for making informed decisions. Build on introductory material and discover how data visualization and reporting enables you to transform data into a goldmine of business insights. Learn the art of collecting, preparing, and analyzing data to craft captivating visualizations, dashboards and stories that drive success. You'll master the skills to structure and streamline data projects, while presenting their impact with precision.

Learn pro strategies to uncover hidden insights and organize data

In a world overflowing with data, the ability to extract valuable insights and manage data effectively is invaluable. By taking a closer look into the world of data mining and Big Data analytics, you’ll learn how to approach massive datasets and unstructured information to unearth hidden insights.

Because data is the lifeblood of many organizations, proper structure and organization is a must. You’ll master the art of data management through coursework in the fundamentals of database management systems, SQL for data analytics, relational database design and data warehousing.

Your Best Value MBA

Affordable Tuition

$670

PER CREDIT HOUR

Affordable tuition rates make Franklin's MBA STEM a professional investment you can feel confident about.

Fastest Finish

MONTHS TO COMPLETE

Realize your career goals sooner and reap the benefits.

Take 2 classes at a time and finish in 12 months.

Tuition Guarantee

Inflation-proof your degree cost by locking-in your tuition rate from day one through graduation.

Instructor Led

Online courses taught by in-field experts = a winning combo for you.

MBA-STEM Courses & Curriculum

44 Semester Hours

Major Area Required

MGMT 707 - MBA Foundations (4)

More than ever before, the ability to understand and be understood is critical for success in the corporate world. Communication is no longer limited by the narrow definitions of the past. Achieving a business leadership position today means not only being adept at both oral and written communication, but also understanding communication from a strategic point of view and knowing how to effectively organize and present information to audiences of all sizes. In this course, you will develop and refine these capabilities. What you gain from this course will be of value throughout your MBA program, as well as in the workplace.

ECON 723 - Managerial Economics (4)

This course surveys the fundamental concepts and methods of economic analysis for managers. Real-world decision making is emphasized. Application of key economic concepts such as market demand, market supply, market equilibrium, marginal analysis, production, costs, revenue, profit, and market structure constitute the core material of the course.

MKTG 721 - Marketing Management (4)

In today's business world, success can often be attributed more to the genius of a company's marketing efforts than to the genius of its products or services. A clear understanding of the importance of marketing, as well as a grasp of effective marketing practices, is essential for anyone who wishes to achieve a position of leadership. You will gain a working knowledge of both marketing theory and the practical application of innovative marketing strategies. You will come to understand how product, price, place, and promotion contribute to the marketing mix as you explore research-based insights into consumer behavior. As your final course assignment, you will prepare and present a marketing plan of your own.

ACCT 729 - Financial & Managerial Accounting (4)

Effective leadership in today's complex and highly regulated business environment demands more than a working knowledge of basic accounting practices. Managers must fully grasp sophisticated financial and managerial accounting concepts and be able to apply them with ease in handling day-to-day responsibilities. Managers must also be well versed in the intricacies of corporate governance and asset protection. In this course, students will develop a clear understanding of these critical functions and issues. Students will study the foundational aspects of financial accounting, including professional structure, the interrelationships of financial statements, and multiple forms of financial analysis. Additionally, the functional aspects of managerial accounting will be covered, including planning, decision making, and performance evaluation.

HRM 713 - Human Resource Management (4)

Organizations are composed of groups of people who work together to achieve defined outcomes. Experience has proven time and again that the key factor which differentiates successful companies from those who struggle to survive is people who make up the employee base. While the human resources function is given the specific task of planning for and resolving many employee-related issues and needs, individual managers have direct responsibility and accountability for motivating and leading employees to achieve sustained organizational success. The purpose of this course is to provide students with the knowledge and skills needed to work effectively with human resources to enhance the contributions of all employees to organizational effectiveness. Students will learn about the elements which drive business success, theories of motivation, and methods for creating a plan for maximizing the human capital of an organization.

MGMT 741 - Strategic Management (4)

One of the keys to success for today's organizations is their ability to develop, implement, and accurately evaluate effective business strategies. In this course, you will integrate the knowledge you have gained from your prior MBA courses to develop and sharpen your skills for formulating, deploying, and assessing an organization's strategy for achieving competitive advantage in the marketplace. This course will enable you to merge your knowledge of all of these individual disciplines into a comprehensive and meaningful whole.

MATH 601 - Introduction to Analytics (4)

This course provides an introductory overview of methods, concepts and current practices in the field of statistics and data analytics. Topics to be covered include data collection, data analysis and visualization as well as probability, statistical inference and regression methods for informed decision-making. Students will explore these topics with current statistical software. Some emphasis will also be given to ethical principles of data analytics.

DATA 605 - Data Visualization & Reporting (4)

This course focuses on collecting, preparing, and analyzing data to create visualizations, dashboards, and stories that can be used to communicate critical business insights. Students will learn how to structure and streamline data analysis projects and highlight their implications efficiently using the most popular visualization tools used by businesses today.

DATA 610 - Big Data Analytics and Data Mining (4)

This course explores data mining methods and tools, examines the issues in the analytical analysis of massive datasets, and unstructured data. Students will learn the concepts and techniques to discover the patterns in large datasets, which support organizational decision making.

DATA 630 - Applied Database Management (4)

This course teaches data management from an applied perspective. The topics include fundamentals of database management systems, structured query language (SQL) for data analytics, relational database design, and data warehousing.

BUSA 605 - Business Analytics Strategy (4)

This course allows students to apply the fundamental analytics principles in the development of an analytics strategy for a business of choice. Given a range of options, students will research and choose the best analytics strategy under given scenarios. The course uses case studies, employing a problem and project-based approach to the development of a strategy.

Additional Requirements

Students are also able to take up to 6 credit hours of GRAD 610 - Experiential Learning for Graduate Studies.

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MBA-STEM Program Details

Tuition Costs

2023 - 2024 Tuition	Cost Per Credit
Standard tuition per credit hour	$670
Nursing programs MSN-FNP, MSN-PMHNP, MSN-AGPCNP, Post-Graduate FNP Certificate, Post-Graduate AGPCNP Certificate and Post-Graduate PMHNP Certificate	$670
MSN-Generalist, MSN-Nurse Administrator and MSN-Nurse Educator	$598
RN-MSN Pathway (NURS 500)	$298
Current service members	$536
Graduate Prerequisite Courses (500 level)	$398
Graduate Prerequisite Courses (500 level) - International Students	$526

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Degree Requirements

To be awarded a graduate degree, students must:

Successfully complete all required curriculum courses.
Maintain a minimum cumulative grade point average (GPA) of 3.00.
Complete the residency requirement:
1. Master of Business Administration students must earn at least 24 of the 36 required credits at Franklin University – in any modality (on-site, hybrid or online).
Complete the payment of all requisite tuition and fees;
Not to be under disciplinary dismissal due to academic dishonesty or violation of Student Code of Conduct.

Transfer credit awarded based on experiential learning shall not count toward the residence requirement at Franklin University.

Admission Requirements

The admission process reflects Franklin University’s efforts to clearly identify the performance standards that can help predict student success in graduate level study. The selection criterion for Franklin’s graduate programs, as determined by faculty, emphasizes academic ability, contributory work experience, and personal qualities and characteristics.

Requirements for admission include having earned a bachelor's degree from an institution accredited by a Council for Higher Education Accreditation (CHEA)-recognized accrediting organization with a GPA of at least a 2.75 on a 4.0 scale.*

Applicants who earned at least a 2.5 GPA on a 4.0 scale in their earned bachelor’s degree will automatically be granted conditional enrollment status. Applicants who earned lower than a 2.5 GPA on a 4.0 scale in their earned bachelor’s degree can petition for conditional enrollment status to the program chair by submitting an essay detailing other criteria that the applicant believes should be considered to demonstrate their ability to be successful in a graduate program. This petition could include details on the applicant’s work experience, work ethic, level of professionalism, personality characteristics, level of difficulty of program of study previously completed, etc.

Conditional enrollment requires students to achieve a final grade of “B” (3.0 GPA) or better in the first graduate-level course of their program. If the terms of the conditional enrollment are not met, the student will not be allowed to advance in their program and will be unable to earn this graduate degree from Franklin University.

English Language Testing & TOEFL IELTS

Prospective students must demonstrate English Language Proficiency. The requirement is met through any of the following:

The applicant is a citizen of a country where English is the official language.*
The applicant has received a bachelor’s degree (or higher) from an institution located in an English-speaking country in which the courses were taught in English.*
The applicant has earned appropriate scores on language proficiency exams taken within the last two years, as listed in the Academic Catalog.

*For more information about English proficiency, including a list of English-speaking nations, please visit our International Students section.

Career Opportunities

Technology Consultant

Technology consultants help clients maximize technology to improve processes, increase productivity and reduce costs.

Decision Scientist

Decision scientists use data science methods and tools to improve an organization’s decision-making processes.

Business Intelligence Manager

Business intelligence managers lead teams of analysts and developers who share a common goal to provide information that fuels strategic decisions.

MBA-STEM Employment Outlook

22%

From 2021-2031 jobs related to STEM are expected to increase by 22%

All Occupations

2021	24,611 jobs
2031	29,962 jobs

Show Details >

Chief Executives

2021	127,056 jobs
2031	151,432 jobs

Operations Managers

2021	741,154 jobs
2031	831,280 jobs

Operations Research Analysts

2021	24,611 jobs
2031	29,962 jobs

Source information provided by Lightcast.

MBA-STEM Knowledge and Skillsets

Gain in-demand skills sought by employers with curriculum that teaches you:

Executive Leadership & Business Strategy

Clearly articulate the organization’s mission, vision and values, and develop strategic plans for organization-wide implementation
Develop, communicate and implement priorities, goals and objectives in accordance with the strategic plans
Coordinate efforts across business lines and functions, harnessing organizational synergies and ensuring strategic alignment
Create and monitor strategies to ensure long-term financial viability
Identify key metrics and develop reporting systems to measure performance across functional units, identifying growth and efficiency opportunities
Develop organizational core competencies, positioning organizations to create competitive advantages in evolving industries
Oversee product-line strategies, generating prioritized, actionable insights from consumer and industry research
Apply effective change management strategies to help leadership, employees and other stakeholders successfully embrace organizational changes and improve performance

Marketing Management

Review all elements of the marketing mix, including product formulation, price, packaging and promotion to build brand equity and optimize sales, market share and profitability
Implement multi-year brand-category growth strategies, leveraging product development and marketing innovations
Develop and execute annual marketing plans to achieve market share, volume and profit objectives
Create unique and ownable market positions relative to competitors with clear points of differentiation
Leverage the full marketing mix, executing on compelling tactics that ingrain brand position and key differentiators into the minds of target audiences
Determine the most effective media mix across traditional and digital channels, balancing direct response initiatives with building long-term brand equity
Closely monitor and analyze sales volumes, market share trends and competitive activity
Assure effectiveness of marketing programs by completing post-promotion analysis of data, comparing results to established objectives
Collaborate with internal teams to drive success via customer engagement, competitive positioning, pricing and promotional activities
Promote strategic priorities and drive brand reputation through development and management of leadership events and speaking opportunities

Financial & Managerial Accounting

Maintain accounting standards, ensuring compliance with Generally Accepted Accounting Principles (GAAP)
Prepare consolidated financial statements, including balance sheets, income statements and statements of cash flow
Prepare account reconciliation
Consolidate and submit financial transaction reports
Analyze financial statements
Collaborate with business development in tracking and reporting sales efforts
Determine how changes in business and organizational structure impact reporting and operating results
Analyze transactions to identify issues, determine root causes of variances, and recommend appropriate corrective action
Ensure integrity of financial data for decision support and cost accounting systems, maintaining cost standards
Provide costing reports and make recommendations to support change in resource allocations, work methods and materials
Recommend and implement process, systems and reporting improvements to provide more visibility into financial results
Develop and execute cost-effective actions and expense-saving initiatives in support of financial objectives
Use accounting principles and practices to inform and recommend process improvement changes

Human Resource Management

Create top-talent management development and succession planning processes
Attract, recruit and inspire A-list employees who can help drive organizational success
Identify key domestic and international forces impacting the current and future workforce
Develop, coach and train high performance employees and managers to attain high levels of responsibility and performance
Design and implement organizational change strategies to enhance employee motivation and organizational efficiency
Build highly effective teams that work together to solve problems and innovate

STEM

Develop and execute technology strategies aligned with business goals
Manage technology projects, budgets and timelines
Evaluate and select emerging technologies for potential integration into the organization
Lead data analysis projects to extract actionable insights from large datasets
Develop data-driven strategies to enhance business decision-making and operations
Design and implement data models, algorithms and predictive models
Identify emerging technologies and trends with potential business impact
Collaborate with cross-functional teams to bring innovative ideas to market
Monitor and measure the success of innovation initiatives
Engage with key stakeholders to ensure appropriate business scenarios are accurately modeled
Identify and implement improvements to tools, processes and digital platforms
Apply statistical concepts and techniques to analyze and predict user behavior and behavioral drivers
Recommend new innovations, tools and methodologies that support process efficiency and business growth

Find the Master's Program That Fits Your Goals

MBA-STEM

MBA-Business Analytics

M.S. in Business Analytics

Focus:
Combine core business knowledge with applied analytics skills to improve decision making.

Skills:
Acquire applied skills in data manipulation and visualization alongside foundations of business and management.

Careers:
Leverage critical-thinking and problem-solving skills to develop effective solutions for complex business issues.

How many courses are in the program?
11 (Seven 6-week courses and Four 12-week courses)

How quickly can I complete the program?
18 months

Focus:
Expand your expertise in business to include management and leadership, while gaining familiarity with data analysis.

Skills:
Build management and leadership skills along with broad application of analytics principles.

Careers:
Use your MBA-Business Analytics to make data-informed decisions that improve business results.

How many courses are in the program?
Nine (Six 6-week courses and three 12-week courses)

How quickly can I complete the program?
12 months

Focus:
Build on your knowledge of statistics to master data science tools and methods for practical application.

Skills:
Gain statistical and analytical skills to excel in a variety of industries.

Careers:
Use your M.S. in Business Analytics in specialized roles responsible for using data to solve problems.

How many courses are in the program?
Eight (Four 12-week courses + Four 6-week courses)

How quickly can I complete the program?
12 months

MBA-STEM Frequently Asked Questions

What is a STEM MBA?

The STEM MBA is a graduate degree that combines the traditional MBA curriculum with a STEM-related discipline. Franklin’s STEM MBA is a theory-to-practice program that combines foundational knowledge of business and leadership alongside skills in business analytics and data analytics.

What can you do with an MBA in STEM?

With an MBA in STEM, you’ll gain in-demand business and management skills, combined with leading edge analytics skills that will qualify you to lead and work in a variety of roles including technology consultant, decision scientist and business intelligence manager.

Why get an online STEM MBA?

With an online STEM MBA, you'll build your knowledge in essential areas of business while gaining in-demand skills in data analytics to make you a better, more informed decision maker - and therefore a more effective leader. An MBA, like Franklin’s STEM-designated program, is a degree universally recognized for advanced business knowledge, while the STEM component provides applied knowledge in analytics, data visualization and reporting, Big Data and data mining, database management and business analytics strategy.

What makes Franklin’s MBA STEM program unique?

Franklin’s MBA STEM program can be completed in 18 months 100% online or through a combination of online and on campus classes. Created with input from industry experts, Franklin’s theory-to-practice program combines real-world simulations and case studies in courses taught by in-field practitioners.

When can I start Franklin’s online STEM MBA?

Choose from eight start dates each year – fall (August, September and November), spring (January, February and March) or summer (May and June).

How much will my MBA in STEM cost?

Franklin University offers a quality education at a competitive cost so you can afford to invest in your future. Our per credit hour tuition rates (vs. per year or per term rates) enable you to get a realistic estimate of exactly how much your degree will cost. Our 2023-2024 tuition rate is $670 per credit hour. Use Franklin’s free MyCost Estimator to get a personalized estimate of your total degree cost. If you have any questions, ask our helpful staff about available financing options and financial aid programs.

How long does it take to get a STEM MBA?

Franklin's master's degree programs are specifically designed for busy, working adults -- that means you could finish your STEM MBA in as few as 18 months, which is faster than the average for similar programs.

Will my MBA in STEM be designated on my diploma?

Yes. The MBA-STEM is designated on diplomas and official transcripts.

Will my STEM MBA be included on my transcripts?

Yes. The STEM MBA is included on official transcripts and designated on diplomas.

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Franklin University Founded in 1902, Franklin is an accredited nonprofit university offering flexible college degrees online and at locations in Ohio and the Midwest.

Franklin University
201 S Grant Ave.
Columbus, OH 43215

Local: (614) 797-4700
Toll Free: (877) 341-6300
admissions@franklin.edu

Franklin University is accredited by the Higher Learning Commission (hlcommission.org/800.621.7440) and authorized by the Ohio Department of Higher Education.

Franklin University is committed to being an inclusive community free from all forms of discrimination and harassment.

Class Type

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Placement Tests

Lead with confidence amid uncertainty with a STEM MBA

Master Industry Tools

Real-World Experts

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No GRE/GMAT Required

Balance Learning + Life

MBA-STEM Program Overview

Boost your competitive advantage by combining business basics with in-demand analytics skills

Get hands-on experience with industry-leading data analytics tools

Learn pro strategies to uncover hidden insights and organize data