Our Story

Our Mission

Our degree, the Rutgers Master of Business and Science (MBS), was established in 2010 to dually serve the needs of New Jersey’s working, science-based professionals and support the STEM-based industries of the surrounding New York / New Jersey Metropolitan area. 

Our goal is to train the next generation of individuals to assume key integrator and leadership roles in science-intensive industries, thereby helping to fuel innovation, accelerate technological discoveries, and translate science-based research into practical applications and consumer offerings that drive the economic growth of our state.

What We Do

Through an integrated, interdisciplinary, and dynamic curriculum, we meet the STEM industry’s ever-changing labor needs by educating a new generation of professionals who can keep pace with rapid workforce changes. 

Our unique program combines advanced, STEM-based education with professionally guided business instruction—enabling graduates to step confidently and adeptly into the STEM workforce equipped not only with advanced academic knowledge, but with the business skills essential to professional leadership and advancement.


Program History: Bridging the Gap

While Rutgers is renowned for its prestigious, STEM-based graduate courses and its reputation as a research powerhouse, in 2008, there were no programs that could adequately address a growing need in the STEM industry workforce: employees who possessed not only an advanced, science-based education, but who had comprehensive business skills suitable for corporate positions.

Recognizing this gap, faculty members across the university were starting initiatives within their own departments including Deborah Silver, then-Associate Dean of Continuing and Professional Education for the School of Engineering and professor in the Department of Electrical and Computer Engineering. 

From her years of building a multidisciplinary research program centered around data visualization—collaborating with researchers across Rutgers and driving $25M in outside support—Silver knew firsthand the immense value of combining multidisciplinary scientific studies with business education. 

During this time, David Finegold arrived at Rutgers after teaching at the Keck Graduate Institute of Applied Life Sciences—one of the first professional science master’s (PSM) programs in the country. It was clear that the PSM would be a natural fit for Rutgers University: as a premier research institution with numerous high-level graduate programs in the sciences, Rutgers also boasted geographic proximity to major national employers. 

Silver and Finegold eventually connected, and, through collaborative efforts, they developed a nascent but focused initiative to officially establish a PSM program at Rutgers. Through outreach to colleagues, Silver ultimately assembled a comprehensive, multidisciplinary task force and advisory team comprised of faculty experts from such wide-ranging disciplines as biotechnology, drug discovery, food science, computer science, chemistry, environmental sciences, business, and entrepreneurship. 

In March 2009, Silver was named Executive Director to guide the effort and oversee the state approval process. 

In 2010, Rutgers was officially granted state approval to offer the The Master of Business and Science degree through the graduate schools on all three Rutgers’ campuses. 

Upon inception, the program offered professional education to working STEM professionals in many fields of science. 

Year over year, the program continued to steadily grow.

The Program Today 

The Master of Business and Science degree is awarded through the graduate schools on all three campuses: The School of Graduate Studies (New Brunswick), Rutgers Graduate School–Newark, and Rutgers Graduate School–Camden. As a university-wide program, it is administered with oversight from the Senior Vice President of Academic Affairs, Dr. Barbara Lee. 

With program funding from the Sloan Foundation, Department of Labor, the Department of Education, and the National Science Foundation, Silver was gradually able to expand the program from its original life-sciences-based focus to one that now includes all areas of science, technology, engineering, and mathematics. 

Today, Rutgers has one of the most comprehensive PSM programs in the country, offering more than 25 professionally-focused degrees in three main concentrations: Life Sciences, Engineering, and Computer & Information Sciences.

Program Strengths

Rutgers’ Master of Business and Science degree is distinguished by an unprecedented number of integrated partnerships among the science, engineering, and professional schools on all three campuses, as well as with employers in the state of New Jersey and around the world. 

  • FACULTY EXCELLENCE

MBS faculty members include both tenured professors and industry experts, and courses are offered online, on campus, or in hybrid combination. Additionally, the Professional Science Master's Program offers certificate programs in science and technology management, pharmaceuticals and clinical trials management, and computation and data-enabled science & engineering. 

  • LOCATION IN STEM-BASED INDUSTRY CORRIDOR

Due to its location along the industrial ecosystem of the New York /New Jersey Metropolitan area, Rutgers has cultivated and maintained strong relationships with prestigious industry affiliates and company partners representing the nation’s top corporations. Executive leaders often visit campus to conduct industry-specific lectures and share their expertise through a variety of programs and initiatives. 

  • STUDENT BODY

Significantly, our student body of nearly 400 professionals—many of whom are working full time while pursuing their master’s degree—achieves true gender parity and wholly reflects the diversity and promise of the STEM-educated workforce.

What Makes Rutgers’ MBS Unique? 

The goal of our program is to train the next generation of individuals to assume key integrator and leadership roles in science-intensive industries and to help translate research into commercialization to fuel innovation and economic growth. Guided by this mission, the program leverages Rutgers’ unique geographic position, and strong industry ties, and, through those advantages, our program offers the following strengths and benefits: 

MULTIDISCIPLINARY INTEGRATION AND PARTNERSHIPS: Our program involves integrated partnerships among the professional schools on all three Rutgers campuses, as well as with employers in New Jersey and worldwide. 

COMPREHENSIVE EDUCATIONAL/CAREER GUIDANCE: Advisors and executive coaches work individually with each student to understand their science professional goals and help them personalize their curriculum journey. 

STRONG ALUMNI NETWORK: We have a strong, involved, and active alumni network that provides comprehensive, accessible mentoring and abundant networking opportunities. We have regular student-alumni mixers, and our graduates work for some of the nation’s leading companies. 

EXPERIENTIAL LEARNING: Our degree was founded with a link to the industrial ecosystem of the New York/New Jersey Metropolitan area. We have continued to maintain this strong connection through an active industrial advisory board, a focus on bringing practitioners into the classroom, thriving externship and internship programs, and by studying and analyzing labor trends in the New York / New Jersey area.

    What is a Professional Science Master’s (PSM) Degree?

    The Professional Science Master’s degree was created specifically to address a gap in graduate education in the sciences—one that equally affected students pursuing advanced degrees for STEM-based careers outside of academia, and industry employers looking for candidates who could effectively combine and apply graduate-level, science-based education with business knowledge.

    In 1997, The Alfred P. Sloan Foundation, a philanthropic entity that supports broad-based education related to science, technology, and economics, began funding creation of master’s-level degree programs for students pursuing non-academic science-based careers.
    The Professional Science Master’s degree generally combines two years of graduate-level STEM instruction with professional education directly relevant to careers in business and industry, including experiential learning and networking opportunities.
    One hallmark of the program—and one of the Sloan Foundation’s earliest criteria for funding— is collaboration between university professors and industry employers.

    From 1997 to 2010, the Sloan Foundation funded more than 100 PSM programs at more than 50 universities. Rutgers received part of that seed funding to build a university-wide interdisciplinary masters. Our program is part of the Professional Science Master's Network, which is comprised of more than 150 academic institutions across the country.

      MBS: At a Glance 

      • 2008–2012: Rutgers University receives seed funding from the Sloan Foundation, the Department of Labor, the Department of Education, and the National Science Foundation to establish a university-wide, multidisciplinary professional science master’s program. 
      • 2010: PSM Established: State approves the new MBS degree and it is offered through the graduate schools on all three campuses: Rutgers–New Brunswick, Rutgers–Newark and Rutgers–Camden. 
      • Our interdisciplinary faculty is comprised of more than 40 tenured experts representing over 15 different schools, departments, and research centers.
      • Our diverse student body of more than 400 STEM-based professionals has access to advanced academic and professional education at one of the nation’s most comprehensive professional science master’s programs. Students additionally benefit from Rutgers’ location within one of the country’s densest industrial STEM corridors. 
      • Program graduates possess the academic knowledge, business acumen, and overall talent necessary to fuel the New York/ New Jersey industrial STEM power base and constantly keep pace with rapid industry changes.