The Master of Business Administration viz. MBA has always been one of the popular postgraduate programs preferred by graduates to acquire excellent business skills and pave the way to a rewarding career.
The best thing about MBA is that a graduate from any field can undertake this course to accelerate their career growth, provided they earn the degree from a reputed B-school.
Talking about the premiere business schools offering the postgraduate management degree, the New York University Leonard N. Stern School of Business (commonly called NYU Stern) is consistently ranked among the top B schools in the USA.
So, read on to learn more about the NYU Stern MBA and how you can augment your chances of getting selected into this coveted B-school.
About NYU Stern
NYU Stern was founded in 1900 by Charles Waldo Haskins and was then known as the School for Commerce, Finance, and Accounting. It was the year 1988 when the school was renamed the Leonard N. Stern School of Business after Leonard N. Stern who was an alumnus and benefactor of the school (MBA 1959).
The business school is located in the center of Greenwich Village, near Washington Square Park in downtown Manhattan, and occupies the Shimkin and Tisch Halls and the Kaufman Management Center.
In Financial Times’ Global MBA Ranking 2018, Stern is ranked 23rd and is ranked 12th as per US News’ Best Business Schools ranking 2017. Also according to US News, Stern is the third-best business school for MBA in Finance in the US.
NYU Stern offers a range of MBA programs including generalized MBA programs (full-time and part-time MBA), specialized MBA programs (Tech MBA and Fashion & Luxury MBA), and dual degree programs to cater to unique academic and professional needs.
The business world is evolving rapidly, and if you want to become an expert at comprehending, impacting, and driving change, NYU Stern is the right place for you!
NYU Stern MBA Class Profile
NYU Stern is well known for its eclectic community, and the admissions committee ensures that students get an opportunity to learn from each other’s experiences, backgrounds, and cultures.
The key details of the final class profile for the class of 2024 are as follows:
Overall statistics:
Total applications: 3553
Admits: 962
Admission rate: 27%
Number enrolled: 324
Class demographics:
Women: 45%
Countries represented: 41
LGBTQ+: 9%
100% age range: 23-42
Students with international citizenship: 44%
Professional experience:
Students with work experience: 98%
Average years of work experience: 5.0
Academics:
Average GPA: 3.62
Average GMAT Score: 733
GRE Statistics: Q average- 163
V average- 162
NYU Stern Full-time MBA Curriculum
The full-time MBA at Stern is a two-year program that can be tailored to meet your academic and professional goals. The program is specially designed to instill confidence among the students and prepare them to thrive in a world of perpetual change and uncertainty throughout their professional careers.
The first-year curriculum entails the required core and menu core courses. The required core consists of two compulsory courses viz. Financial Accounting & Reporting and Statistics & Data Analysis), while you can choose any five of the available menu core subjects.
In the second year, students can choose up to three specializations( from over 20 options) and electives (from 200+ options).
Also, students can opt for twenty-five percent of courses (five courses) from other NYU graduate schools, benefit from Stern’s 47 partner schools in 30 countries through semester exchange, and travel the world through DBi (Doing Business in).
NYU Stern MBA Placement
NYU Stern graduates are phenomenal and that can be ascertained from the placement statistics.
- 100 % of the class of 2023 secured a summer internship
- The median signing bonus was $35,000
- The median salary for the full-time MBA Class of 2022 was $170,000
The top three industries hiring NYU Stern MBA graduates for full-time jobs in the US are:
- Invest Banking
- Consulting
- Technology / Telecommunications
The top three industries hiring NYU Stern MBA graduates for full-time jobs outside the US are:
- Consulting
- Investment Banking
- Asset Management
Eligibility criteria
The following are the primary eligibility criteria for students aspiring to enroll in the Stern MBA program.
- Undergraduate Degree: Students are required to hold a four-year bachelor’s degree from an accredited college or university in the U.S. or an equivalent degree from a foreign country (in a few cases, this is a three-year degree).
- English Proficiency Test Scores viz. IELTS, TOEFL, etc.
- GMAT (preferably 640+) or GRE test score (preferably 120+ in both sections)
NYU Stern Cost and Acceptance Rate
The 2022-2023 budget for NYU Stern full-time MBA students entails $82,326 as the tuition fee and $1,678 as the orientation fee.
The acceptance rate for the NYU Stern MBA program is about 19%. The key attributes that play a vital role in the admission process are academic profile, professional achievements and aspirations, and personal characteristics.
After going through the aforementioned information, if your determination to get into NYU Stern has zoomed up, it is best to seek credible MBA admissions consulting to boost your chances of selection.
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