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Master of Science in STEM Entrepreneurship

The Master of Science in STEM Entrepreneurship is a unique 11-month cohort-based program that begins each summer and spans three terms: summer, fall, and spring. This program is administered jointly by the School of Science and Engineering and the Richard A. Chaifetz School of Business, focusing on technology innovation, entrepreneurship, and commercialization.

Overview

The program aims to build a STEM-trained workforce with the entrepreneurial skillsets necessary to create true change and tackle global societal challenges, such as the NAE Grand Challenges or the UN Sustainable Development Goals, in alignment with SLU's Jesuit mission.

Curriculum Overview

The M.S. in STEM Entrepreneurship consists of 36 credit hours, including technical, STEM, entrepreneurship, and business coursework, as well as an experiential entrepreneurship studio research sequence. Each cohort starts in June, with participants taking nine credit hours, including foundational entrepreneurship coursework and the initiation of their year-long entrepreneurship research sequence.

Learning Outcomes

Students will demonstrate the ability to:

• Develop creative/innovative solutions to technological problems and implement those as business opportunities.
• Demonstrate proficiency in technical communication skills in written and oral formats.
• Demonstrate knowledge of ethical concepts and corporate social responsibility and evaluate both business and technical problems from multiple ethical perspectives.
• Develop a strategic level understanding of the key functions of business: accounting, economics, finance, international business, management, marketing, operations, and statistics.

Admission Requirements

• Bachelor's degree with a minimum cumulative GPA of 3.0
• Background (completed major/minor or job-related experience) in chemistry, biology, physics, computer science, engineering, geographic information systems, biochemistry, environmental science, technology, data analytics/handling, etc.
• Official transcripts from all undergraduate and graduate institutions
• Application packet submissions:
  • Statement of Intent
  • Entrepreneurship Statement
  • Resume or CV
• Three recommendations

International Requirements

All Saint Louis University admission policies and requirements for domestic students apply to international students. International students must also demonstrate English language proficiency and submit academic records with an English translation.

Tuition

The total program cost for the MS STEM Entrepreneurship is $42,000.

Scholarships and Financial Aid

Both the School of Science and Engineering and the Chaifetz School of Business offer generous scholarships to make attaining a graduate degree from their programs accessible. Some competitive donor scholarships include the Donald and Nora Manahan Scholarship and Research Fund, the Gerald E. Dreifke Engineering Scholarship, and the Malcolm and Elizabeth Jacobs Scholarship.

Course List

The program includes the following courses:

• SE 5810: Experiential Entrepreneurship Studio Research - I
• SE 5820: Experiential Entrepreneurship Studio Research - II
• SE 5830: Experiential Entrepreneurship Studio Research - III
• Technical Electives (6 credits)
• MGT 6000: Management
• MGT 6200: New Venture Initiation
• MGT 6209: Managing Resources in Startups
• MGT 6210: Advanced Business Plan - New Ventures
• Business Electives or Business Certificate Courses (9 credits)

Continuation Standards

Students must maintain a cumulative grade point average (GPA) of 3.00 in all graduate/professional courses.

Roadmap

The roadmap for the program is as follows:

• Summer: SE 5810, MGT 6000, MGT 6200 (9 credits)
• Fall: SE 5820, MGT 6209, Technical Elective, Business Electives or Business Certificate Courses (15 credits)
• Spring: SE 5830, MGT 6210, Technical Elective, Business Elective or Business Certificate Course (12 credits)

Careers

The M.S. in STEM Entrepreneurship provides individuals with technical backgrounds in STEM fields with the entrepreneurship and business skills necessary to become innovators in lead industrial growth areas such as geospatial, agricultural technology, bioscience and health innovation, digital transformation, financial technology, and advanced manufacturing.