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The STEM Path to the MBA: The STEM Path to the MBA:

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The STEM Path to the MBA: - PPT Presentation

Innovative Recruiting Success Southern Business Administration Association Atlanta November 2014 The STEM Path to the MBA Modeled after medical schools early admissions programs Targets incoming freshmen students who ID: 548435

mba stem business path stem mba path business class students majors amp state science engineering year fall honors student

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Slide1

The STEM Path to the MBA:

Innovative Recruiting Success

Southern Business Administration Association

Atlanta - November 2014Slide2

The STEM

Path

to the

MBA

Modeled after medical schools’ early admissions programs.

Targets incoming freshmen students who:

Major in STEM disciplines3.5 High School GPA28+ ACTSlide3

The Program

Freshman thru Junior Year

1.5 credit hour STEM Business Honors course each semester while students pursue science, engineering or math majors

Summer following Junior Year

Apply in November of junior year and be admitted to Graduate School

Complete 9 hours of MBA courses online

Senior Year2-1.5 credit hour STEM Business Honors course capstone projectGraduate from STEM undergradMBA YearComplete remainder of MBA program in one calendar year

Summer: Online

Fall & Spring: In-residence in Tuscaloosa

The STEM Pathway to the MBASlide4

STEM Business Honors Courses

Sections limited to 35 students

Instructors:

Tenured business faculty

N

on-tenure-earning business faculty with STEM background:

Chemical Engineer, MBAAerospace Engineer, Business Analytics, MBAMechanical Engineer, CEO, MBA, MS Engineering Controls, MS AccountingFaculty mentor assigned to stay with cohort for 4 years of the program

Ensures continuity of contact, retention

Allows faculty to closely monitor student progress

The STEM Path to the MBASlide5

STEM Business Honors Courses

Objectives:

Provide survey of various business disciplines

Intense exposure to innovation

Builds students’ confidence in their understanding of technical and business aspects of innovation

Provides unique understanding and perspective of business

Teach character strengths & virtuesBuild network among students

The STEM Path to the MBASlide6

STEM Business Honors Courses

Yearly Focus

Freshman Year

Business Disciplines: Leadership & Marketing

Innovation Skill: Business Modeling

Virtues: Wisdom & Knowledge, Courage

Sophomore YearBusiness Disciplines: Accounting & FinanceInnovation Skill: Customer DevelopmentVirtues: Humanity, JusticeJunior YearBusiness Disciplines: Operations Management & Global Business

Innovation Skill: Customer Validation

Virtues: Temperance, Transcendence

Senior Year

Business Disciplines: Project Leadership

The STEM Path to the MBASlide7

STEM Path to the MBA

Class of 2016

31.6

ACT

18.2%

Minority

81.8%White56.8%Men

43.2%

Women

84%

Engineering

1

6%

Science

4.15

HS GPA

22

States

6

4

Students

33%

In-State

67%

Out-of-StateSlide8

STEM Path to the MBA

Class of 2017

31.4

ACT

31.8%

In-State

68.2%Out-of-State78.3%Men

21.7%

Women

79.7%

Engineering

11.8%

Science

4.11

HS GPA

25

States

134

Students

8.5%

Healthcare

10.4%

Minority

89.6%

WhiteSlide9

STEM Path to the MBA

Class of 2018

31.6

ACT

24.2%

In-State

75.8%Out-of-State67.6%Men32.4%Women

83.4%

Engineering

12.2%

Science

4.09

HS GPA

29

States

255

Students

4

.4%

Healthcare

14.9%

Minority

85.1%

WhiteSlide10
Slide11

STEM Path to the MBA

Class of 2019

31.5

ACT

22.6%

In-State

77.4%Out-of-State67.9%Men32.1%Women

86.8%

Engineering

11.6%

Science

4.09

HS GPA

34

States

305

Students

(431 applied)

1.6%

HealthcareSlide12

STEM Path to the MBA

Class of 2019 – Breakdown of Science & Math MajorsSlide13

STEM Path to the MBA

Class of 2019 – Breakdown of Engineering MajorsSlide14

STEM Path to the MBA

Retention of Class of 2016(as of May 2014)

Class Entering Fall 2011

N

Hours Complete

Overall GPA

UA HoursUA GPASAT TotalACT Composite

High School GPA

Alabama Residents

Stayed in Major

Stayed in Division

Stayed at UA

Registered for Fall 2014

STEM Path to the MBA

64

94.79

3.50

72.76

3.49

1365.0

31.00

4.10

36.2%

58.6%

82.8%

90.6%

78.1%

STEM Majors, 28+ ACT

810

89.90

3.47

71.83

3.45

1355.5

30.97

4.05

52.1%

41.2%

75.1%

87.3%

74.6%

STEM Majors, <28 ACT

1193

72.84

2.90

65.51

2.88

1040.9

22.78

3.52

66.8%

25.9%

50.5%

66.6%

51.6%

Non-STEM Majors, 28+ ACT

860

88.03

3.55

71.41

3.54

1322.2

30.32

3.96

51.1%

26.6%

73.4%

87.0%

76.0%

Non-STEM Majors, <28 ACT

2720

72.50

2.92

66.25

2.90

1031.5

22.46

3.35

47.6%

26.5%

62.4%

67.0%

59.2%Slide15

STEM Path to the MBA

Retention of Class of 2017(as of May 2014)

Class Entering Fall

2012

N

Hours Complete

Overall GPAUA HoursUA GPASAT Total

ACT Composite

High School GPA

Alabama Residents

Stayed in Major

Stayed in Division

Stayed at UA

Registered for Fall 2014

STEM Path to the MBA

141

69.74

3.65

46.39

3.64

1396.0

32.07

4.16

31.1%

56.3%

82.2%

95.7%

89.4%

STEM Majors, 28+ ACT

948

64.01

3.54

44.37

3.52

1348.4

31.06

4.09

41.5%

52.6%

81.3%

92.6%

77.5%

STEM Majors, <28 ACT

1373

45.44

2.96

39.16

2.93

1062.3

22.99

3.54

60.1%

41.0%

58.3%

80.8%

52.9%

Non-STEM Majors, 28+ ACT

911

63.24

3.60

45.06

3.59

1323.0

30.51

3.96

46.5%

40.6%

78.7%

90.3%

81.7%

Non-STEM Majors, <28 ACT

2875

44.58

2.95

40.06

2.94

1026.6

22.41

3.35

43.3%

46.7%

68.8%

80.3%

64.1%Slide16

STEM Path to the MBA

Progression toward MBA Applications

Class Entering Semester

# as Freshmen

# as Sophomores

# as Juniors

# as SeniorsMBA - in Year 2MBA – in Year 3

GMAT

MBA

– in Year

4

Fall 2011

64

54

42

31

0

21

676

-

Fall 2012

134

118

92

-

2

41

-

-Slide17

2 Students from Class of 2017 Seeking Patent

During freshman year, invented technology to reduce fuel consumption and brake maintenance expenses on tractor-trailers

Provision patent filing this fall

Crimson Startup Program

Teaches participants lean customer discovery based on NSF approach

Teams go on to develop prototypes and perform customer validation

Averaging 8 teams per semester for last 6 semestersOver 600 new product/business ideas developed by STEM teams in 2013-2014Students/Program becoming major attraction for corporate recruiters

Student AccomplishmentsSlide18

Avon/National Cancer Institute Breast Cancer Startup Challenge

3 UA teams composed of STEM MBA students, Hudson Alpha and Quest Diagnostics scientists, venture capitalists, medical/science entrepreneurs, attorney alums, and STEM, AIME, OTT directors

10 University programs selected nationally:

Duke, Northwestern, Wake Forest, Columbia, Texas Tech, North Carolina, NYU, Harvard, Rutgers, Dartmouth, University of Alabama STEM Path to the MBA

NCI Provides 10 patented technologies

University teams develop business plans for commercializing selected technologies

NCI to provide startup funding for top team in each of the 10 technologiesNational Institutes of Health

Neuro

Startup Challenge

Student AccomplishmentsSlide19

Non

-Profit

Consulting Group

Providing consulting services to international NGO working to build schools for children and factories for women in Pakistan

.

Quality Control, Distribution and Retailing, Business Model Performance

Founding “Innovators Anonymous” Student OrganizationProvides networking opportunities for students especially interested in innovation, startups, and entrepreneurshipSponsoring Startup Weekend eventsBrings campus and community together for a weekend of innovation and entrepreneurship

Student AccomplishmentsSlide20

STEM Path to the MBA Advisory Board

Provides feedback on curriculum, program structure

Assists us with identifying new opportunities for co-ops, internships, jobs for students

Provide themes for business model generation projects

Includes: ADTRAN, Alabama Power, Boeing,

Brasfield

&

Gorrie

, Eastman Chemical,

Egen

, Evergreen Private Care,

Harbert

Venture Partners, International Paper, KKR, Proctor & Gamble, Southern Research Institute, U.S. Army, Mercedes, Tektronix, NASA Slide21

Working with experts on STEM Advisory Board to develop UA fund to provide seed funding for STEM students wanting to take inventions and new product ideas forward, for prototyping, proof-of-concept testing, and commercialization

Launching on pilot basis “CREATE Path to the MBA” track that would allow 28+ ACT/3.5 HS GPA students majoring in creative disciplines (e.g., drama, music, art, apparel design, textiles) to join with STEM Path students

The FutureSlide22

The STEM Path to the MBA:

Innovative Recruiting Success

Southern Business Administration Association

Atlanta - November 2014