Stott was born in Albany, New York and resides in St. Petersburg, Florida. She attended St. Petersburg College studying aviation administration, graduated with a B. S. degree from Embry-Riddle Aeronautical University in 1987, and received her M. S. degree in Engineering Management from the University of Central Florida in 1992. Nicole Stott began her career in 1987 as a structural design engineer with Pratt & Whitney Government Engines in West Palm Beach, Florida. She spent a year with the Advanced Engines Group performing structural analyses of advanced jet engine component designs. Stott is an instrument rated private pilot.
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