Do business schools have a role in stem education?
Do Business Schools
Have a Role in STEM
Munir Mandviwalla, Temple University
Michael Goul, Arizona State University
Larry Dignan, ZDNet and SmartPlanet, CBS Interactive
Brad Jensen, US Airways
What is STEM?
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
28% high school freshmen
declare interest in STEM.
57% lose interest in STEM by
the time they graduate.
[Source: STEMconnector, MyCollegeOptions, 2012-13]
Global STEM Profile
S&E PhDs by World Region
Germany & UK
S&E Ph.D.s Conferred
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
UK & Germany
% 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 Year Federal STEM Education Strategic
• 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.
• Graduate one million additional students with degrees in STEM
fields over the next 10 years.
Better serve groups
• 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
• 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.
Why is STEM important?
• Talent (visas)
• Prospective students
• Not enough STEM jobs
• STEM jobs don’t require STEM
• Wage stagnation
• STEM knowledge is more
important than STEM degrees
• It is only a national anxiety
STEM and Business Schools
How can your
STEM in Industry
• Focus on Analytics means that STEM is even more important
• Business and STEM need to merge to sustain automation and lead
• Goldman Sachs is really a tech company
• MBA’s will need to manage STEM graduates
How can your school benefit?
Short term benefits
Long term benefits
• Financial aid
• Alliances with UG programs in
Science and Engineering
• New markets
Example: The Professional Science
Emerged from grants by the Sloan foundation
Combines STEM with business training
• Business Analytics
• Information Management/Systems
• 5th year STEM graduates
• Current STEM workers wanting to move up or laterally
• How do you
• What are
• What do you
• Create a
• Engage local
• How do you
• What are
• How do we
• Get a place
at the table?
Is industry feeling the
benefit of all the
attention being paid to
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
Does it take STEM +
business to hit the
Is the MBA degree
working for fields where
STEM is important?
Are current STEM