NYU’s Stern School of Business full-time MBA program is now a STEM-OPT-certified program, making graduates eligible for up to 36 months of STEM OPT work experience in the U.S. after graduation while remaining on their F1 student visas. New York University’s Stern MBA is Now STEM OPT Eligible.
Two pages of NYU Stern’s 2019-2020 Employment Report, dedicated entirely to the employment outcomes and trends facing Stern’s international students who lack U.S. employment visas, explain why Stern and other top MBA programs are leaping on the STEM bandwagon. While the statistics shared in the report were promising – including data showing that 79.9% of international students found summer internships in the U.S. during the program and 69.5% were able to obtain full-time employment in the U.S. following graduation, they clearly indicated Stern’s awareness of international student concerns: would they be able to find employment in the U.S. to help repay the loans required for this approximately $230,000 2-year MBA program? The discrepancy in salaries for graduates with U.S. work authorization and those lacking that visa was an average of nearly $9000 per year. To allay this concern, NYU Stern’s 2-year full-time MBA has officially become a STEM-designated program, enabling graduates to remain in the U.S. to work, called “practical training,” for up to 36 months after graduating.
Stern offers MBA students 26 specializations, of which students can select up to three – and all of them fall within the auspices of the STEM MBA designation. Thus, even those students interested in such non-STEM-sounding areas as Entertainment & Media, Luxury Marketing, or Real Estate are eligible for the STEM OPT extension.
This is the second STEM-designated MBA program at NYU. The first, the Andre Koo Technology and Entrepreneurship MBA (known informally as the Tech MBA) is a one-year (May to May) program that requires 8 credit hours fewer than the 2-year program. Interestingly, graduates of the one-year Tech MBA program landed average salaries of $129,015 and signing bonuses of $26,345 compared with the incrementally greater 2-year MBA average salary of $135,299 and signing bonuses of $38,214. It will be interesting to see how the 2-year program’s STEM designation affects those average salaries next year. Stay tuned!
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