PROGRAM BASICS

• • Leonard N. Stern School of Business
  • NYU Stern Langone Part-time MBA Program
  • 44 West 4th Street
  • New York, 10012, New York
  • United States
  • Program Web site: http://www.stern.nyu.edu/
  • E-mail: Langone@stern.nyu.edu
• • Percentage of part-time students who graduate within six years of entering program: 95 %
  • Average months to complete program: 36
  • Maximum months permitted to complete program: 72
  • Does the school have a separate full-time MBA program? Yes
  • If so, can part-time students switch to the full-time program? No

• Tuition and Fees: (Based on six credits in the fall and six credits in the spring)

  • Resident: $21,140.00
  • Non-Resident: $21,140.00

• Tuition per credit:

  • Resident $1,640.00
  • Non-resident $1,640.00
• • Graduate business school is accredited by: Association to Advance Collegiate Schools of Business (AACSB)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 3,411
  • Full-Time MBA: 784
  • Part-Time MBA: 2,106
  • Executive MBA: 190
  • PhD Program: 110
• • Undergraduate business school enrollment: 2,402
  • Graduate degree programs: Other
  • Other graduate degree programs: Executive Master in Risk Management

ADMISSIONS, SELECTIVITY AND YIELD

• • Total applications, most recent entering class: 806
  • Applications accepted, most recent entering class: 56 %
  • Admitted students enrolled: 91 %
  • Applicant interviews are: By invitation only

ENTRY REQUIREMENTS

• • Rolling admissions? Yes
  • GMAT required? Yes
  • Are applicants allowed to submit the GRE? Yes

• GMAT score distribution (incoming class)

  • 10th Percentile 610
  • Average GMAT Score 669
  • 50th Percentile (median) 660
  • 90th Percentile 720
• • Is proficiency in English required? Yes
  • Is a minimum score on an English language proficiency test required? No

• Which English language proficiency tests are accepted?

  • • TOEFL Internet Based Test
    • TOEFL Paper-based Test

• Relative Importance of Application Elements:

  • GMAT Score: Very Important
  • Resume/Work Experience: Very Important
  • Application Essays: Very Important
  • Recommendations: Very Important
  • Undergraduate Transcripts: Very Important

CLASS PROFILE

• • Female students: 34 %
  • International students: 20 %

• Percentage of U.S. students in newest entering class that are:

  • African American: 3 %
  • Asian American: 17 %
  • Hispanic or Latino American: 3 %
  • White (Non-Hispanic): 63 %
  • Chose not to report: 9 %
  • Other: 5 %

• Postgraduate work experience (months):

  • Mean: 65
  • Median: 60
  • From: 27.6
  • To: 108
  • One year or less: 2 %

• Base salary of entering part-time MBA students:

  • Mean: $83,960.00
  • Median: $79,000.00

• Entering students work in the following functional areas:

  • Consulting: 8 %
  • Finance/Accounting: 31 %
  • General Management: 4 %
  • Human Resources: 1 %
  • Marketing/Sales: 16 %
  • Management Information Systems: 12 %
  • Operations/Production: 8 %
  • Other: 2 %

• Entering students work in the following industries:

  • Consulting: 3 %
  • Consumer Products: 7 %
  • Financial Services: 38 %
  • Government: 1 %
  • Manufacturing: 2 %
  • Media/Entertainment: 3 %
  • Non-Profit: 1 %
  • Petroleum/Energy: 3 %
  • Pharmaceutical/Biotechnology/Health Care: 8 %
  • Real Estate: 1 %
  • Technology: 4 %
  • Other: 29 %
• • Mean age, newest entering class: 28
  • Median age, newest entering clas: 27

FINANCIAL AID

• • Part-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Students receiving some form of financial aid in 2011-12: 45 %
• • Mean financial aid package: $23,310.00
  • Median financial aid package: $20,500.00
  • On what basis are scholarships awarded? Academic merit
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarships
  • Mean outstanding debt at graduation: $61,580.00

FACULTY

• • Faculty employed by the B-school: 334

• Full-time faculty:

  • Tenured: 110
  • Non-Tenured: 55

• Adjunct/Visiting Faculty:

  • Non-Tenured: 169

• Women on Faculty:

  • Tenured: 15
  • Non-Tenured: 46

• International Faculty:

  • Tenured: 36
  • Non-Tenured: 52

• Faculty with PhDs:

  • Tenured: 110
  • Non-Tenured: 142

STUDENT LIFE

• Active MBA specialization clubs open to part-time students:

  • • Biotech/Health care
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Finance
    • Marketing
    • Nonprofit
    • Other
    • High Tech
    • VC/ Private Equity
    • E-business
    • Environmental
    • Consulting
    • Information Technology
    • Media & Entertainment
    • Investment Banking
    • New Media

• Active MBA networking clubs open to part-time students:

  • • International Club
    • Black MBA Association
    • Hispanic Student Organization
    • Volunteer
    • Women in MBA
    • Other
    • Gay/Lesbian/Bisexual
    • Partners/Family
    • Wine
• • Do part-time MBA students have their own area/center on campus? Yes
  • Do part-time MBA students have break-out rooms? Yes

TEACHING/ACADEMICS

• Teaching Methods:

  • Case Study: 25 %
  • Distance Learning: 5 %
  • Experiential Learning: 15 %
  • Lectures: 25 %
  • Simulations: 5 %
  • Team Projects: 25 %
• • Teachers in the part-time program: 270
  • Tenured teachers in the part-time program: 110
  • Faculty also teaching in full-time program: 100 %
  • Average core class size: 48
  • Average elective class size: 40
  • Electives available: 182

• Recently added electives:

  • Economics of Social and Other Networks; Economics and Management of Pharmaceutical and Biotechnology Industries; Public Policy and Business Strategy; Global Economic, Trends and Policy Challenge;
  • Urban Systems; Private Banking and Wealth Management; Topics in Credit Risk; The Financial Crisis of 2007-2009;
  • Biotech Industry, Structure and Strategy ; Foundations of Technology Entrepreneurship; Strategies of Mergers and Acquisitions ; Digital Marketing ;
  • Boosting Creativity; Special Topics in Luxury Marketing ; Governance of Public/Private Sectors ; Relational Communication and Leadership;
  • A Man, A Plan, A Canal: Panama (Travel Course); Advanced Decision Models ; Statistical Aspects of Market Risk ; Networks, Crowds and Markets

• Concentrations and specializations offered to part-time MBAs:

  • • Accounting
    • Finance
    • General Management
    • Marketing
    • Other
    • Entrepreneurship
    • Leadership
    • Operations Management
    • Organizational Behavior
    • Strategy
    • International Business
    • Economics
    • Statistics and Operations Research

• Additional concentrations offered:

  • Banking; Corporate Finance; Business Analytics; Entertainment, Media & Technology; Financial Instruments & Markets;
  • Financial Systems & Analytics; International Finance;
  • Law & Business; Management of Technology & Operations; Quantitative Finance;
  • Social Innovation & Impact; Product Management;
  • Supply Chain Management
• • Does the B-school offer an accelerated part-time MBA program? No

• Leading areas of study:

  • • Entrepreneurship
    • Finance
    • Strategy
    • Marketing
    • Media/Entertainment

• Graduation requirements:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
• • Credits required to graduate: 60

TECHNOLOGY

• • Technology improvements in the last three academic years: Stern offers Google Apps for Education suite which provides a Stern e-mail address for life. A Single-Sign On portal for students, faculty and staff provides secure access to academic, co-curricular and administrative services. Newly launched redesigned website has enhanced media features. Wide use of eCoursepacks on multiple platforms. Campus digital signage shares real time information. Upgraded AV-enabled special event rooms offer recording and live streaming for broad audience participation.

B-SCHOOL ALUMNI

• • Living MBA alumni: 50,377
  • Active MBA alumni clubs: 67
  • Countries in which MBA clubs exist: 40
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://alumni.nyu.edu
  • Does the B-school offer career services for alumni? Yes
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.sternalumni.nyu.edu
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Do part-time MBAs have access to career development office?
    • Yes
  • If yes, at what point in the degree process are part-time MBA students able to use the service?
    • At any time

• • -I had a great experience in the part time program at Stern. Not only did I learn a lot from the amazing professors, but my learning was greatly enhanced by my fellow classmates. Having a room full of people who have fulltime jobs in a variety of industries really provides you with a realm of different perspectives on issues, and makes you think about things from a direction you might not have thought of before.
    
    -The Langone Program sorted me into a cohort of students based on schedule of courses. This cohort ended up becoming a family for more over the course of the first 18 months of the program. We were similar in age, professional experience, diversity of life experience, ambition, and most of all sensitivity to cultural and social diversity. As the program got more intense, these students matched the competitiveness of the program with a willingness to communicate and share their experience. For me this was essential to my overall education.
    
    -While the quality of education is ok the level of on campus recruiting is not sufficient to invest 100k. I would recommend the program to those who are not looking to switch careers
    
    -The breadth of courses available at NYU is fantastic. Also, I have met some great and talented individuals in the program that I will maintain friendships with for life. I have to admit, I have learned so much from my peers. The NYU curriculum is great focusing on 1/3 class, 1/3 case studies and 1/3 group work. Finally, most professors at NYU have been fantastic and focus on teaching you how to apply all of your classroom concepts in real-life situations. This has been extremely valuable!
    
    -Overall the academic experience was great compared to options available at nearby schools. Most of the faculty is superb. The flexibility offered also helps maintain a work-school-life balance.
    
    -I never anticipated the limitations that I would face for switching career into banking with bogus career advice during my first year (called “multi-year career plan”), only to realize how misguided I was and ended up going through a totally “failed” recruiting program in my last year (i.e. the only way to get in without prior banking experience is to get a summer internship, as evidenced by the success rate of FT students). The best and only advice that I should have gotten from the career services is to resign and apply for a FT program. Finance and banking were supposed to be the strengths of the school, my primary reason for going to Stern, but part time student are not able to leverage any of the brand equity which was sold to us. Unless you already work in the industry.
    
    -My experience at NYU completely exceeded my expectations of what it would mean to be a part-time MBA student. When I was in classes, I didn't feel like a part-time student at all. I was fully engaged in my business education. I know few people who can afford to leave their jobs to pursue a full time MBA. I can recommend NYU to my friends and colleagues with confidence that they will receive the same or better quality educational experience as in a full time program.
    
    -Part-time students are second-class citizens at NYU. Most services aren't available to us, complaints regarding faculty or services go unanswered, and NYU works very hard to keep full-time and part-time students from commingling.
    
    -The Langone program at Stern provided more knowledge and resources than I could take advantage of. I also got to chance to attend classes and discuss timely topics with world-renown professors. In addition, the Langone community is still a great source of knowledge and friendship after I graduated. I feel like the only limiting factor to my learning experience at Stern was my own availability of time.
    
    -I was very surprised at both the quality of the classes, and the diversity and quality of my peers as well. I did not expect to meet the type of people I met, and am very pleased with the network I have formed as a result.
    
    -From a part-time perspective, the NYU curriculum left something to be desired. My understanding is that full-time students have a better offering of courses. However, I enjoyed the program and the challenge. Moreover, the NYU network is something I hope to take advantage of and would encourage others to attend for the same reasons.
    
    -NYU Stern's part-time MBA provides a comprehensive yet flexible program and allows good networking opportunity with other highly qualified professionals. I did not realize the benefits of networking until I was enrolled in the program.