1999 Profile Update
School Statistics
Graduates' Comments
SURVEY DETAILS
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New York University's Stern School of Business continued its ascent, jumping a spot to No. 13 in BW's 1998 rankings -- this after advancing two places in the '96 survey. Students were happier this time around, ranking the school 20th on the grad poll, one place higher than in '96, but recruiters dropped the school one place in the corporate poll, after voting it most improved in '96. NYU officials hope to alleviate one significant recruiter and student concern -- congestion -- with its soon-to-be expanded facilities. Still, companies applauded Stern grads' finance and accounting skills, ranking them seventh- and ninth-best, respectively. And together with students, they rated the Stern placement office fourth-best in the Top 25.
Despite receiving just 2.67 job offers apiece -- second-lowest in the Top 25, ahead of only Berkeley -- Stern grads did just fine negotiating their pay packages. On average they exited school with comp packages worth $141,052, seventh-richest of the 61 B-schools BW evaluated. Meanwhile, grads increased their base salaries by an average of 89% from pre-enrollment levels. That's the fifth-largest turnaround in the Top 25. And 45% of the polled Class of '98 received a yearend bonus. But other perks were far and few between: Only 7% of the grads surveyed received stock options as part of their package (second-lowest ahead of Columbia), just over 10% received housing as part of their deals, and a mere 8% received tuition reimbursement. That's unfortunate, especially since Stern students were burdened with a $27,250 annual tuition (second-highest behind another New York school, Columbia), and typically left school an average of $47,600 in debt, seventh-highest in the Top 25.
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STRATEGY FOR APPLICANTS
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It's no longer easy to get into Stern. Only 18 percent of those who applied to the class of 2000 were admitted, compared with 36 percent of applicants to the class of 1996. Not only will your GMAT scores and GPA be examined closely, but the quality of your undergraduate program will be taken into account, according to the admissions office -- which means that a 4.0 at a community college is not going to stand you in as good a stead as a lower GPA at an Ivy League school. Interviews at Stern are done by invitation only, and since the school now interviews virtually all students who are eventually admitted -- "I don't know any organization that would recruit people without meeting them first," notes Dean George Daly -- consider an invite to come to campus a positive sign.
In screening candidates, Stern is "looking for occupational maturity, somebody who has an idea of what they want to with their life or who clearly addresses why they are switching careers," says Martin Levine, associate dean of marketing and external relations. "We want to know whether the candidate has thought about what an MBA is really about, and has thought about NYU and why they may fit with the school." Stern has two admissions rounds; if you want scholarship consideration, you must apply by the January deadline.
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CURRICULUM
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Electives available in 1998: 144
New electives in past three years: 20%
The core curriculum was last revised in: 1996 and New Curriculum will be introduced in the Fall of 1999
Accelerated MBA program offered?
No
New Courses in Past Three Years
Entertainment Marketing, Electronic Commerce, Internet Marketing, Financial Services Marketing, Global Business Consulting, Risk & Opportunity in Emerging Economies, Investment Philosophies, Models of Leadership, Technological Innovations in New Product Development, Law & Business Investment Banking, Equity Markets Trading & Structure, Entrepreneurial Finance
Most Popular Electives
Equity Instruments and Markets, Competitive Marketing Strategies, Corporate Finance, Debt Instruments and Markets, Mergers and Acquistions, Restructuring Firms and Industries
Most Popular Professors
Aswath Damodaran, William Silber, John Czepiel, Nouriel Roubini, Matthew Richardson
Majors or Concentrations Added in Past Three Years
Consulting, Entrepreneurship, Entertainment Media & Telecommunications, Financial Engineering
Teaching Methods
Lecture: 40%
Case Study: 40%
Study Trips, Simulations: 20%
| Full-time faculty members: |
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207 |
| Adjunct or visiting faculty: |
100 |
| Average core class size: |
65 |
| Average elective class size: |
37 |
Laptop computer required?
No
Grading System
Letter grades are used: A - D, F.
Exchange Programs or International Campuses
Australian Graduate School of Management; University of South Wales (Sydney, Australia); Universita Commerciale Luigi Bocconi (Milan, Italy); Copenhagen Business School (Copenhagen, Denmark); Universitat Zu Koln (Cologne, Germany); Chinese University Hong Kong; Escuela Superior de Administracion y Direccion de Empresas (Barcelona, Spain);
Escola de Administracao de Empresas do Sao Paulo, Fundacao Getulio Vargas (Sao Paulo, Brasil); Funda University (Shanghai); PRC Hautes Etuded Commerciales (France); Hong Kong University of Science and Technology (Kowloon, Hong Kong); Hochschule St. Gallen fur Wirtschafts, Rechts-und Sozialwissenschaften (St. Gallen, Switzerland); Erasmus University (Rotterdam, The Netherlands); INCAE (Alajuela, Costa Rica); Institute Superior des Affaires, Groupe HEC (Jouy-en-Josas, France); Instituto Technologicio Autonom de Mexico; International University of Japan; London Business School; London School of Economics;
Manchester Business School (United Kingdom); The University of Melbourn (Carlton-Victorio, Australia); Norwegian School of Economics and Business Administration (Bergen-Sandviken, Norway); Nanyang Technological University (Singapore);
Pontificia Universidad Catolica de Chile (Santiago, Chile); Rotterdam School of Management; Scuola di Direzione Aziendale dell'Universita Luigi Bocconi (Milan, Italy); Stockholm School of Economics (Stockholm, Sweden); Tel Aviv University (Israel); Universite Catholique de Louvain (Louvain-la-Neuve, Belgium); University of Cape Town (Cape Town, South Africa); University of Witwatersrand (Johannesburg, South Africa); Wirtschaftsuniversitat Wein (Vienna, Austria); Yonsei University (Seoul, South Korea)
Best Areas of Study
Finance, International Business, Information Science, Marketing, Accounting.
Areas School Would Like to Improve
Operations Management
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1998 PLACEMENT
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On-campus recruiters for graduates: 170
On-campus recruiters for first-year internships: 111
On-campus student full-time job interviews: approx. 6,144
On-campus student internship interviews: 3,205
Job opportunities posted via the Internet or E-mail: 3,000
Top Employers/Number of 1998 Hires
| PriceWaterhouseCoopers |
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15 |
| Salomon Smith Barney |
14 |
| Citibank |
12 |
| Goldman Sachs |
12 |
| Deutsche Bank Securities |
11 |
| Merrill Lynch and Company |
10 |
| Morgan Stanley, Dean Witter |
9 |
| Chase Manhattan |
9 |
| Booz Allen & Hamilton |
7 |
| Dresdner Kleinwort Benson |
7 |
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ALUMNI NETWORK
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Number of living alumni: 28,500
Alums who gave to the school during the 1997/98 academic year: 30%
Median alumni gift: $100
Number of alumni clubs: 66
Number of dues-paying members: 5,000
Number of staffers devoted to MBA alumni relations: 3
Placement services offered for alumni?
Yes
Description of Alumni Placement Services
Stern alums can access the job postings the school posts on its Web site as well as click on links to corporate sites, and attend job networking seminars and informal career counseling.
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1999 Profile Update
School Statistics
Graduates' Comments
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Key Contacts
School Web Site
E-Mail:
sternmba@stern.nyu.edu
Address:
Stern School of Business
44 West Fourth Street
Henry Kaufman Management Education Center, 10-160
New York, NY 10012-1118
Dean:
George Daly
(212) 998-0900
Deputy Dean of of MBA Programs:
Avijit Ghosh
(212) 998-0900
Assistant Dean of MBA Admissions:
Mary Miller
(212) 998-0600
Director of Alumni Relations:
Elaine Lengyel
(212) 998-4039
Associate Director of Financial Aid:
Meghan Cummings
(212) 998-0790
Assistant Dean of Career Development:
Margaret O'Hara
(212) 998-0993
Application Deadlines:
International & U.S.
January 15, 1999 (early deadline)
March 15, 1999
International
January 15, 1999
March 15, 1999
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