This document discusses the role of business schools in STEM education. It notes that STEM jobs are expected to grow significantly by 2018, especially in computing fields. However, many students lose interest in STEM fields before graduating high school. The document also outlines the US government's strategic plan to improve STEM instruction, engagement, and degree attainment. It argues that business schools can benefit from participating in STEM through new degree programs, partnerships, and visibility. Examples provided include the Professional Science Masters, which combines STEM and business training. Key questions are raised about how business schools can better engage with the national STEM agenda.

1. Do Business Schools
Have a Role in STEM
Education?
Munir Mandviwalla, Temple University
Michael Goul, Arizona State University
Larry Dignan, ZDNet and SmartPlanet, CBS Interactive
Brad Jensen, US Airways

2. What is STEM?
Government
initiative
Science
Math
Technology
Resource
allocation
mechanism
Political
rallying cry
Engineering
Educational
programs

3. STEM Jobs and Workforce
In 2012, US STEM workforce
surpassed 7.4 million workers
Expected to grow to 8.65
million by 2018
By 2018, the bulk of STEM
jobs will be in Computing
(71%)
28% high school freshmen
declare interest in STEM.
57% lose interest in STEM by
the time they graduate.
[Source: STEMconnector, MyCollegeOptions, 2012-13]

4. Global STEM Profile
S&E PhDs by World Region
35,000
80%
30,000
75%
U.S. Citizens
70%
20,000
65%
15,000
USA
60%
10,000
Germany & UK
55%
5,000
%U.S. Citizens**
S&E Ph.D.s Conferred
25,000
Asia*
0
50%
5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 1 3 5 7 9 0 1 2 3 4 5
197 197 197 197 197 198 198 198 198 198 198 198 198 198 198 199 199 199 199 199 200 200 200 200 200 200
USA
UK & Germany
Asia
% US Citizens
*Asia includes China, India, Japan, South Korea, and Taiwan.
**Includes Permanent Residents.
Source: National Science Board, Science and Engineering Indicators 2008, Appendix Tables 2-31 & 2-42. Updated January 2008.
Analysis by the Council of Graduate Schools.
Source: Craig, Thomas, Hou and Mathur, “No Shortage of Talent: How the Global Market is Producing the STEM Skills Needed for Growth, Accenture, 2011

5. 5 Year Federal STEM Education Strategic
Plan
Improve STEM
Instruction
• Prepare 100,000 excellent new K-12 STEM teachers by 2020
• Support the existing STEM teacher workforce.
Increase and sustain
youth and public
engagement in STEM
• Support a 50 percent increase in the number of U.S. youth who
have an effective, authentic STEM experience each year prior to
completing high school.
Enhance STEM
experience of
undergraduate
students
• Graduate one million additional students with degrees in STEM
fields over the next 10 years.
Better serve groups
historically
underrepresented in
STEM fields
Design graduate
education for
tomorrow’s STEM
workforce
• Increase the number of underrepresented minorities that
graduate college with STEM degrees in the next 10 years.
• improve women’s participation in areas of STEM where they are
significantly underrepresented.
• Provide graduate- trained STEM professionals with basic and
applied research expertise, options to acquire specialized skills in
areas of national importance and mission agency’s needs, and
ancillary skills needed for success in a broad range of careers.

6. Why is STEM important?
• Grants
• Scholarships
• Talent (visas)
Resources
• Ranking
• Media
• Prospective students
Visibility
• Not enough STEM jobs
• STEM jobs don’t require STEM
degrees
• Wage stagnation
• STEM knowledge is more
important than STEM degrees
• It is only a national anxiety
Is STEM
legitimate?

7. STEM and Business Schools
Disciplines
•
•
•
•
•
Accounting
Economics
Information Systems
Marketing
Operations
Research
• Entrepreneurship
• Statistics
• Finance
STEM Topics
•
•
•
•
•
•
Information Technology
IT auditing
Actuarial Science
Analytics
Cyber-security
Systems

8. Questions
Can/should
Business
Schools
participate in
STEM?
How can your
school
benefit?
What does
STEM mean
to industry?

9. STEM in Industry
What is
industry
looking
for?
Are
there
jobs?
TALKING POINTS
• Focus on Analytics means that STEM is even more important
• Business and STEM need to merge to sustain automation and lead
innovation
• Goldman Sachs is really a tech company
• MBA’s will need to manage STEM graduates

10. How can your school benefit?
Short term benefits
STEM designation
Long term benefits
• Financial aid
• Scholarships
• Visas
• Alliances with UG programs in
Science and Engineering
• Grants
• New markets
• Relevance

11. Example: The Professional Science
Masters
Emerged from grants by the Sloan foundation
Combines STEM with business training
Samples
• Business Analytics
• Information Management/Systems
• Accountancy
Students
• 5th year STEM graduates
• Current STEM workers wanting to move up or laterally

12. Next steps
STEM
designation
for your
degree
program
Review of
New
B-School
STEM
STEM
programs
programs
• How do you
get it?
• What are
the steps?
• What do you
need?
• Survey
existing
programs
• Create a
directory
• Identify
promising
areas
• Engage local
industry
Recruit
STEM UG’s
into MBA
or
Specialized
Masters
• How do you
do it?
• What are
they looking
for?
• What
resources
are needed?
Partner
with
STEM
fields
• Example:
4+1
engineering
and
entrepreune
rship
Discourse
• How do we
participate
in the
national
STEM
discourse?
• Get a place
at the table?

13. Key Questions
Is industry feeling the
benefit of all the
attention being paid to
STEM education?
How should business
school deans work with
those in STEM and get
more engaged with the
national STEM agenda?
Is the Professional
Masters model the way
to go?
Does it take STEM +
business to hit the
ground innovation-ready?
Is the MBA degree
working for fields where
STEM is important?
Are current STEM
undergraduates
sufficiently business
savvy?