The Master of Business is a Professional Science Master's degree combining graduate science courses with courses in business. This combination prepares students with the necessary business and entrepreneurial skills and know how to translate scientific and technological ideas into profitable products and services.
Frequently Asked Questions
We understand students have unexpected life circumstances or work obligations that may require taking a semester off. Students who fall in this category will be required to fill out the readmission form and submit it to the PSM office for review/approval. Prior to being considered for readmission, students must have resolved all incomplete course grades and meet satisfactory academic progress. A meeting with an academic advisor may be scheduled to discuss.
What is the difference between a Professional Science Master's (PSM) Degree and a Master of Business and Science (MBS)?
The Professional Science Master's (PSM)(link is external) is a national initiative that began with the Alfred P. Sloan Foundation establishing PSM programs at different institutions across the country. The W.M. Keck Foundation also established the Keck Graduate School of Applied Life Sciences. Our MBS is a Professional Science Master's (PSM) degree. According to the Council of Graduate Schools, there are currently over 300 PSM Programs at universities in the US and internationally. Each one combines a science master's curriculum with "plus" courses including business and policy. The actual degree names vary among the different universities offering this degree. Here at Rutgers, we have decided to call it a "Master of Business & Science" to reflect the expertise our students will have after completing the program. Our science concentrations have been approved by the PSM National Office and bear the PSM logo. Please see here(link is external) for more information about PSM affiliation.The Rutgers PSM program is also an active member of the National Professional Science Master's Association.
The MBS is a combination of a science master's with business courses. It is a Master of Science degree -- and has a STEM (Science Technology Engineering Mathematics) CIP code (for visa purposes). The degree is offered by the Graduate Schools on all three Rutgers campuses. The business curriculum contains courses from the Rutgers Business School (RBS-Newark/New Brunswick), the Camden Business School, and The School of Management and Labor Relations (SMLR). Certain courses that relate to cutting-edge technology are also offered by the PSM Program which is an accredited Graduate Program. Students interested in taking only business courses should see the MBA program at Rutgers Business School and Camden Business School.
No, it is a Professional Science Master's degree. For those interested in pursuing research careers, please investigate the various Ph.D. programs in the sciences. For a full listing, please see the Graduate School web site.
Yes. Domestic students enrolled in the MBS degree are eligible to take a semester off. You would have to fill out a form and send it directly to the PSM Office to be considered for this option. For International students, you will have to check with your International Student Advisor for information regarding visa regulations and eligibility for this option.
The 2015-2016 tuition is $964/credit for in-state students and $1,172/credit for out-of-state.
Tuition for the MBS is assessed on a per-credit basis and in-state and out-of-state tuition costs vary. Tuition charges are set in July and a full listing of tuition prices for graduate students at Rutgers can be found here. The MBS tuition is listed on the spreadsheet found under New Brunswick Campus Graduate students.
Graduate students who are U.S. students and permanent residents may apply for grants, loans, and part-time employment by completing the Free Application for Federal Student Aid (FAFSA). Go to http://gsnb.rutgers.edu/support.php3
Students with a 3.5 GPA or higher may qualify for a limited number of fellowships. Fellowships vary each semester. Please contact the PSM Program for more information.
We have also been fortunate to obtain NSF funding for some of our concentrations. This is available to US students only.
No, if you have an advanced degree from a US institution (PhD, MD, MBA, MPA, MS, etc) , you may be able to transfer up to 12 credits from your advanced degree towards the MBS degree. This is also the case if you have not completed the advanced degree. Course transfer credit is subject to course transfer policies at Rutgers. Please contact us for more information.
If a student applies to a graduate program can he/she transfer that application to the MBS degree program?
If no decision has been made, the student can send an e-mail to the Graduate Admissions Office to Stephanie Persing at email@example.com(link sends e-mail) and request that the application be moved to the MBS degree program. You will need to include your RUID number in order for this transfer to take place.
Many students who pursue the MBS degree do so on a part time basis (anywhere between 2-4 years). On the average, it should take approximately one and a half to two years to complete the degree requirements as a full time student. We have a full summer session of courses as well as courses during the winter session.
Earning a double Master's degree is a personal choice. If you decide to pursue a double Master's degree, with the approval of your MBS curriculum advisor, you can count up to 12 credits of graduate work toward the MBS degree. For these purposes, the MBS is equivalent to an MS degree. If you are interested please contact our office.
The MBS degree does not require a research thesis. There is, however, a required capstone course where students work in teams and are expected to write and present a business case/plan as part of that course.
I recently enrolled in the Mini-MBA Program through the Rutgers Center for Management Development. Could I apply the hours earned toward the MBS degree?
Certain mini-MBA's are eligible for graduate credit within the MBS program. This is also the case for some of the RATE certificates (e.g., in UXD and/or LEED). These courses may count towards elective credits. Please contact the PSM office for more information.
The Certificate Program in Science & Technology Management is designed to introduce students to the management of science and technology. There are 19 credits required to earn this certificate. Certificate requirements include courses in financial management, marketing, communication and leadership, management of science/technology, ethics, and a capstone course in entrepreneurship/intrapreneurship.
The Certificate Program is part of the Graduate School New Brunswick and courses are offered through the Rutgers Business School (RBS) and the School of Management and Labor Relations (SMLR). This certificate is available to non-matriculated students, as well as graduate students. It is of interest to student who are pursuing Ph.D. degrees but who are interested in pursuing careers in Industry or starting companies.
If I decide to work toward one of the Certificates will I automatically be accepted for the Master of Business and Science?
No. Like any Master's degree program, you will have to formally apply to the Graduate School to be accepted for the Master of Business and Science degree. The credits will transfer over. For those interested in the degree, it is best to apply after taking 12 credits.
An e-portfolio is an electronic learning portfolio. The purpose of having our students develop portfolios is twofold: to help you build a record of your academic work that you can showcase to employers, and to facilitate learning through reflection on what you have learned and how and why you have learned what you have learned. The e-portfolio system is on Sakai.