To keep up, business schools themselves must change. Rice University's Jones Graduate School of Business – long a top business school for graduate students – launched a brand new program for undergrads in 2021 to create leaders for issues like the energy transition. Georgia Tech's Scheller College of Business – known for its pioneering approach to merging technology with business – has a new dean with a strong vision.
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For the last six years, but especially since 2019, business schools from the upper tier of the rankings to the unranked have galloped to establish STEM tracks, concentrations, pathways, and more in their MBA and other graduate degree programs. The University of Wisconsin Business School was the first school to “go STEM” — to designate part of its MBA a Science, Technology, Engineering and Math degree, with implications not only for visa eligibility but for long-term employability, too — and dozens of B-schools have followed (for a complete list, see the next pages). In a recent business school admissions officers survey, global educational services company Kaplan and its sister company Manhattan Prep found an increasing percentage of full-time MBA programs across the U.S. securing STEM designation — but they also found that universal adoption appears to be a long way off.