Master of Business and Science (MBS) in Industrial Mathematics

2 Years On Campus Masters Program

Rutgers University Newark

Program Overview

The Master of Business and Science (MBS) in Industrial Mathematics at Rutgers University–Camden combines advanced mathematical training with practical business education. The program focuses on mathematical modelling, computational techniques, statistical reasoning and business management, preparing students to apply mathematical solutions to real-world challenges across engineering, technology, finance and industry.

Curriculum Structure

The program requires 43 credits, comprising 24 science credits and 19 business credits.

Year 1: Students develop mathematical and computational foundations through 56:645:556 – Visualizing Mathematics by Computer, 56:645:560 – Industrial Mathematics and 56:645:562 – Mathematical Modeling. They also study statistical reasoning and computational mathematics while building business knowledge in accounting, finance and communication.

Year 2: Students advance through 56:645:571 – Computational Mathematics I, 56:645:572 – Computational Mathematics II and 56:645:563 – Statistical Reasoning or 56:645:565 – Statistical Modeling. They also complete business electives and 16:137:600 – Science and Technology Management Capstone, applying their technical and managerial knowledge to practical business challenges.

Focus Areas

Industrial Mathematics, Mathematical Modelling, Computational Mathematics, Statistical Reasoning, Data Visualisation, Numerical Methods, Business Analytics, Financial Management, Artificial Intelligence, Technology Management.

Learning Outcomes

Mathematical modelling, computational problem-solving, statistical analysis, numerical techniques, data visualisation, analytical reasoning, business decision-making, financial analysis, leadership and technology management.

Professional Alignment (Accreditation)

The MBS is a Professional Science Master's degree combining STEM coursework with business and management education. Students complete a business-focused capstone covering entrepreneurship, innovation commercialisation and intellectual property. No specific external professional accreditation is stated.

Reputation (Employability)

Rutgers graduates have secured positions with organisations including Bloomberg LP, Kore Insurance Holdings and AOL. Alumni career roles include BI Developer, Senior Database Developer, SQL Programmer, Senior Technologist, Systems Engineer and Technical Consultant. 

Experiential Learning (Research, Projects, Internships etc.)

At Rutgers University Newark, the Master of Business and Science (MBS) in Industrial Mathematics program is designed to provide students with a robust blend of theoretical knowledge and practical skills. This program emphasizes experiential learning, allowing students to engage in real-world applications of mathematical concepts and techniques. With access to state-of-the-art facilities and cutting-edge tools, students are well-equipped to tackle complex problems in various industries.

 

Here are some key aspects of the experiential learning opportunities available in the program:

- Collaborative Projects: Students often work in teams on projects that simulate real-world challenges, fostering teamwork and problem-solving skills.
- Internships: The program encourages internships with local businesses and organizations, providing invaluable hands-on experience and networking opportunities.
- Research Laboratories: Students have access to dedicated research labs where they can engage in innovative projects and collaborate with faculty on advanced mathematical modeling and analysis.
- Software Tools: The curriculum includes training in industry-standard software such as MATLAB, R, and Python, which are essential for data analysis and mathematical modeling.
- Field Trips: Students participate in field trips to local industries and research institutions, gaining insights into how industrial mathematics is applied in various sectors.
- Libraries and Resources: The university's libraries offer extensive resources, including access to academic journals and databases relevant to industrial mathematics.
- Institute Collaborations: The program collaborates with various institutes and organizations, providing students with opportunities to attend workshops and seminars led by industry experts.

Progression & Future Opportunities

The Master of Business and Science (MBS) in Industrial Mathematics program at Rutgers University Newark equips students with a robust skill set that opens doors to a variety of rewarding career paths. Graduates often find themselves in roles such as Data Analyst, Operations Research Analyst, and Quantitative Analyst, where they can apply their mathematical expertise to solve real-world problems. The demand for professionals in these fields continues to grow, making this program a strategic choice for your future.

 

Here’s how Rutgers supports your journey toward success:

- Career Services: The university offers dedicated career counseling, resume workshops, and interview preparation to help you stand out in the job market.
- Employment Statistics: Graduates from this program have an impressive employment rate, with many securing positions within six months of graduation. The average starting salary for graduates in related fields is around $70,000, reflecting the high demand for skilled professionals.
- University–Industry Partnerships: Rutgers has established strong connections with leading companies in finance, technology, and engineering, providing students with internship opportunities and real-world projects that enhance learning and employability.
- Accreditation Value: The program is accredited by the Middle States Commission on Higher Education, ensuring that your degree holds value in the job market and meets high educational standards.
- Graduation Outcomes: Alumni of the program have gone on to work for prestigious organizations, contributing to innovative projects and advancing their careers in various sectors.

Further Academic Progression: After completing the Master of Business and Science (MBS) in Industrial Mathematics, you may choose to further your studies by pursuing a Ph.D. in Mathematics, Statistics, or a related field. This advanced degree can lead to academic positions, research opportunities, or specialized roles in industry, allowing you to deepen your expertise and expand your career options even further.

Program Key Stats

$35820 (Annual cost)


65%

Eligibility Criteria


6
79
Eligibility criteria

Career Options

  • Industrial Mathematician
  • Mathematical Modeller
  • Data Analyst
  • Business Intelligence Developer
  • Quantitative Analyst
  • Computational Scientist
  • Statistical Analyst
  • Systems Engineer
  • Technical Consultant
  • Scientific Programmer
  • Operations Research Analyst
  • Research Associate
Career options

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