Why an MBS?

 

What is a Master of Business & Science?


Why pursue a Master of Business & Science degree?

The Master of Business & Science (MBS) degree is a unique degree that combines the science curriculum from a traditional science master's degree with a specialized set of business+ courses - including business, policy, and law. This combination prepares students with the necessary business acumen, entrepreneurial skills, and know how to translate scientific and technological ideas into profitable products and services.

      


Our Curriculum Philosophy -- Professionally Guided Curriculum

A professional science master's degree is targeted towards practical science/engineering skills that are used in industry. Our courses combine theory with practical know-how and are taught by both full-time faculty and industry professionals. Our curriculum is customizable -- we work with you to craft a curriculum that works best for your career goals. Attend our online webinars or make an appointment with one of our advisors to discuss your interests and aspirations.

What will I learn?

  • Fundamentals and applied knowledge of the chosen science/engineering/math discipline
  • Recognizing the connection between technology and business, and how scientific and technical knowledge impacts business decisions
  • Fundamentals of finance and accounting, ability to assess the financial effects of new scientific ventures or projects and making appropriate recommendations 
  • Leadership skills needed to inspire, motivate, and coach individuals, and work in diverse teams
  • Core elements of a business case/plan and how to plan, execute, and run a project that helps translate a technology from idea to commercialization

"Industry, government, and nonprofits need employees who have deep scientific knowledge as well as skills to apply that knowledge in innovative ways. A reinvigorated master's degree in the natural sciences can answer the demand for such science professionals and help ensure that the U.S. has the work force it needs to stay competitive."  - The National Research Council's "Science Professionals: Master's Education for a Competitive World"

Our program provides students with expertise in science and technology, as well as a broad understanding of the general challenges involved in careers that are focused on technology.

"T-shaped technical professional, who have skills both broad and deep. In addition to being deep problem solvers with expert problem-solving skills in their home discipline, T-shaped scientists (and engineers) are also entrepreneurial and good at communicating with non-specialists." - Taken for Granted, Fitting the Job Market to a T, B. Benderly, Science Career Magazine, September 05, 2008

What skills do engineers and scientists need?

"Overall, we find some degree of mismatch between the skills current engineers have and the skills that employers say they are seeking. In interviews with engineers and managers in a wide range of firms, we find consistent reports of skill deficits. These skill deficits are broadly identified as communications skills and the related ability to work across a variety of “borders” — organizational, technological, disciplinary, as well as cultural and national." -"Engineering and Engineering Skills - What's really needed for global competitivenss", Salzman and Lynn, 2010


Below is a brief comparison of the MBS with other programs 




Program Options Rutgers Master of
Business & Science
Traditional Business Degrees Traditional Science MS/PhD Programs
General Science/Engineering and
Business courses
Business
courses
Research based science curriculum geared toward very specific academic discipline. Many MS curriculums are geared towards Ph.D. qualifying exams
Science
Curriculum
Professionally focused science
curriculum geared towards
careers in industry. Concentrations include personal care, drug development, analytics, and UXD.
None Traditional scientific curriculums
geared towards research and/or
academic careers.
Business
Curriculum
19 credits, with courses in Finance
& Accounting, Communication &
Leadership, and more
Complete Business
Curriculum
None
Capstone/Thesis Entrepreneurship-based team
projects focused on a science/tech
business plan
Capstone
team project
Thesis

Experiential
Learning

Career guidance & workshops,
professional networking, executive
coaching
Career guidance & workshops,
professional networking events
None

Undergraduate
Requirements

Requires an undergraduate
degree in any science/engr
discipline based on the
concentration
All disciplines Requires an undergraduate degree
in a specific science/engr discipline
Length of
Program
Full time: 1.5-2 years
Part time: 2-4 years
Two years (full time) Two years (full time)
Career Goals Management in a technology
based organization. Careers
combining science & business
Management & finance Research or academic position