New York University

Program Basics

• • NYU Stern Full-time MBA Program
  • Leonard N. Stern School of Business
  • 44 West 4th Street
  • Kaufman Management Center
  • New York, 10012, New York
  • United States
  • Program Web site: http://www.stern.nyu.edu/
  • Status: Private
  • Program e-mail address: sternmba@stern.nyu.edu
  • 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
• • Other graduate degree programs:
    • Other
  • Executive Master in Risk Management

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $100,894.00
  • Nonresident: $100,894.00
  • Recommended annual budget (Resident): $82,670.00
  • Recommended annual budget (Nonresident): $82,670.00

PROGRAM LENGTH

• • Full-time program (months): 21

ADMISSIONS

• Application Deadlines

  • Semester: Fall 2012
  • Deadline: Nov 15, 2011
  • Semester: Fall 2012
  • Deadline: Jan 15, 2012
  • Semester: Fall 2012
  • Deadline: Mar 15, 2012
• • Does the program have rolling admissions? Yes
  • Is proficiency in English required for admission? 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
  • Interviews: Very Important
  • Recommendations: Very Important
  • Undergraduate Transcripts: Very Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 4,416
  • Applicants who were accepted to the most recent class: 14 %
  • Admitted applicants who enrolled in the newest class: 55 %
  • Applicants who were re-applicants from prior years: 7 %
  • Percentage of this year's reapplicants accepted: 9 %
  • Applicant interviews are: By invitation only
  • Applicants (admitted and denied) who were interviewed: 22 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 41 %
  • Applications from women received: 35 %
  • Mean base salary forgone: $65,972.00
  • Median base salary forgone: $66,000.00

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 33 %
  • International: 28 %

• Students from following regions:

  • Africa: 1 %
  • Asia: 16 %
  • Europe: 6 %
  • North America: 63 %
  • Latin America and the Caribbean: 3 %
  • Oceania: 1 %
  • Dual citizenship: 10 %

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

  • African American: 11 %
  • Asian American: 23 %
  • Hispanic or Latino American: 9 %
  • Native American: 1 %
  • White (Non-Hispanic): 47 %
  • Chose not to report: 5 %
  • Other: 4 %

• Percentage of U.S. students in newest entering class who are from the following regions:

  • Northeast: 47 %
  • Mid-Atlantic: 16 %
  • South: 7 %
  • Southwest: 6 %
  • Midwest: 9 %
  • West: 15 %
• • Mean months of work experience of newest entering class: 56
  • Median months of work experience of newest entering class: 53

• Middle 80% range of work experience of newest entering class in months:

  • From: 33.6
  • To: 85.2
• • Median age of entering class: 27
  • Mean age of entering class: 27

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Full-time MBAs who applied for financial aid for the current academic year: 60 %
  • Mean MBA financial aid package for the current academic year: $61,828.00
  • Median MBA financial aid package for the current academic year: $80,000.00
  • On what basis are scholarships awarded?
    • academic merit
  • How does an applicant apply for scholarship consideration? all candidates are considered for scholarship
  • Mean outstanding debt among the most recent graduates from the full-time MBA program: $108,921.00

GMAT

• • Are applicants required to take the GMAT? Yes
  • Are applicants allowed to submit the GRE? Yes
  • If not, how are applicants' quantitative abilities checked before enrollment? N/A

• GMAT score distribution (incoming class):

  • 50th Percentile (median) 720
  • Average GMAT Score 719

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 56
  • Average number of students in a full-time MBA elective class: 42
  • Elective courses available to full-time MBA students: 159

• Electives that have been added to the full-time program since June 30, 2010:

  • 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 full-time MBA students:

  • • Finance
    • Management Information Systems
    • Entrepreneurship
    • General Management
    • Marketing
    • Supply Chain Management
    • Accounting
    • Leadership
    • Operations Management
    • Strategy
    • Economics
    • Organizational Behavior
    • International Business
    • Technology
    • Statistics and Operations Research
    • Media/Entertainment
  • Banking; Corporate Finance; Business Analytics; Financial Instruments & Markets; Financial Systems & Analytics; International Finance; Law & Business; Management; Social Innovation & Impact; Product Management; Quantitative Finance

• Joint-degree programs offered to full-time MBAs:

  • • MBA/MS (Science)
    • MBA/MA (Arts)
    • MBA/JD (Law)
    • Other
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

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

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

• Professional clubs available to full-time MBA students:

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

• Networking clubs available to full-time MBA students:

  • • Black MBA Association
    • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Other
    • Volunteer
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 25 %
  • Distance Learning: 5 %
  • Experiential Learning: 15 %
  • Lectures: 25 %
  • Simulations: 5 %
  • Team Projects: 25 %

• Requirements for graduation:

  • • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average

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 have an alumni networking Web site? Yes
  • Business school alumni networking site: http://www.sternalumni.nyu.edu
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 88 %
  • Graduates not seeking employment: 7 %
  • Graduates for whom you have no information regarding employment: 5 %

• Annual job-searching trips that the school coordinates or participates in:

  • Destination: Washington, DC (Emerging Markets)
  • Month: October
  • Amount Paid By School: Partial
  • Destination: London (European Business Society)
  • Month: November
  • Amount Paid By School: Partial
  • Destination: Hong Kong (Asian Business Society)
  • Month: January
  • Amount Paid By School: Partial
  • Destination: San Francisco, Bay Area (Technology & New Media Group)
  • Month: January
  • Amount Paid By School: Partial
  • Destination: Los Angeles (Media, Entertainment & Sports Association)
  • Month: January
  • Amount Paid By School: Partial

• Primary source of job offer:

  • School-facilitated activities: 67 %
  • Graduate-facilitated activities: 21 %
  • No information provided by graduate: 12 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 84 %
  • Received first job offer in three months following graduation: 9 %
  • Received first job offer more than 3 months after graduation: 1 %
  • Did not report having received a job offer: 6 %
  • Accepted first job offer by graduation: 81 %
  • Accepted first job offer in three months following graduation: 10 %
  • Accepted first job offer more than 3 months after graduation: 1 %
  • Did not report having accepted a job offer: 8 %

• Top recruiting organizations most recent academic year:

  • UBS
• • Job-accepting graduates who received a signing bonus: 77 %

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $105,798.00
  • Median base salary: $100,000.00
  • Mean signing bonus: $30,127.00
  • Median signing bonus: $30,000.00
  • Mean other guaranteed compensation: $26,445.00
  • Median other guaranteed compensation: $20,000.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 30 %
  • Finance/Accounting: 44 %
  • General Management: 6 %
  • Human Resources: 0 %
  • Marketing/Sales: 19 %
  • Management Information Systems: 0 %
  • Operations/Logistics: 1 %
  • Other: 0 %

• Graduating students who accepted jobs in the following industries:

  • Government: 1 %
  • Consulting: 19 %
  • Consumer Products: 12 %
  • Financial Services: 46 %
  • Manufacturing: 1 %
  • Media/Entertainment: 5 %
  • Non-Profit: 1 %
  • Petroleum/Energy: 1 %
  • Pharmaceutical/Biotechnology/Health Care: 2 %
  • Real Estate: 0 %
  • Technology: 7 %
  • Other: 5 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 0 %
  • Asia: 7 %
  • Europe: 3 %
  • North America: 89 %
  • Oceania: 0 %
  • Latin America and the Caribbean: 1 %

• Within the U.S., graduates who accepted full-time jobs in the following regions:

  • Northeast: 88 %
  • Mid-Atlantic: 3 %
  • South: 1 %
  • Southwest: 1 %
  • Midwest: 2 %
  • West: 5 %
  • Possessions and territories: 0 %

• Top recruiting organizations for internships, most recent academic year:

  • UBS

• Weekly internship compensation:

  • Mean: $1,770.00
  • Median: $1,923.00
• • Average internship length in weeks: 10

• • -I feel that I've developed more as a person in these past two years than I have in my entire life. Sounds dramatic, but it's certainly true. I have never learned so much about other countries (traveling included), met so many amazing people, and felt such energy and ambition as I have here in New York. I didn't know how many career opportunities existed until I came to B-school, and it ultimately shaped my career and future based on whom I met and what I learned. I also was able to focus on my weaknesses in a safe environment, and gained more confidence in my business, presentation, and communication skills.
    
    -I think Stern is a strong MBA program, and I did get a lot out of it, but I do wish the school had a slightly better reputation. Some of my frustrations with business school revolve around the fact that I came to business school not wanting one of the traditional CPG marketing careers and I found that NYU's coursework and career services were not really geared towards my interests. Had I known more about business school in general prior to going, this would probably not have been a surprise to me. I did get out of it what I wanted in the end, but it took some navigating.
    
    -One thing I've really noticed at Stern which stands in contrast to MBA students I've met at some other top schools is that the students are, for lack of a better word, really cool. Everyone in the program is extremely driven, but there seems to be more of a sense of camaraderie. For example, people helping me to prepare for interviews which they themselves were either not offered or competing directly against me. Everyone is extremely bright, with their own unique experiences, and people generally seem interested in learning together, rather than trying to one-up each other. Arrogance really does not exist in my class at Stern.
    
    -In a tough economy, it showed that I made the right choice in school. Prestige is not the only factor when the time gets tough. Location also proved to be a huge factor. As companies were scaling back on recruiting efforts, NYU was fortunate to be located a few blocks from the center of it all. It was easy to grab a subway train to have an informational meeting with a number of people in a variety of industries. During our graduation speech, a classmate formerly of Lehman said, "Being at NYU during the crisis is like having a heart attack and being in a hospital." We had professors that were being sought out by the media and the financial world to help assess the crisis as it unfolded. The school reacted by morphing the curriculum to follow along. If this is how NYU reacts when the times are tough, then I can only imagine how great they are when the times are good.
    
    -For me, getting an MBA was an experience that completely changed my career path, and helped me launch a career that would have otherwise been extremely difficult to start. I believe that being a student at Stern, specifically, had a lot to do with the success in my career switch into finance.
    
    -The program has been impressively flexible. I've been able to customize curriculum, internships, and other experiences based on my specific interests. The core coursework challenges all students to think beyond what they know and get comfortable operating amidst differing opinions and uncertainty. For most friends or colleagues interested in B-school, I think Stern offers a broad, well-rounded experience that can satisfy a diverse set of career and personal goals. In some specific instances, I suppose I'd recommend other schools if a friend had a very narrow goal that was better suited to a different program.
    
    -The admissions process at Stern was extremely refreshing compared to the other schools I applied to. They were the only ones that made me feel welcome during the process. They knew my application front to back prior to the interview, used admission officers instead of students during the interview, provided information tailored for me based on my application, and were exceptionally friendly and a pleasure to speak with. Stern was the only school that actually had students in the admissions waiting room talking casually to each other and wishing each other luck. This type of environment carried through to the classrooms and even the interview rooms, as I witnessed students exiting interview rooms telling the next student who was up what to expect (in fact, I was one of them who both told and received such information).
    
    -Stern's program is very heavy on finance and marketing; thus, I would encourage friends whose interests fall in these two fields. Others, I would encourage to look at other MBA programs.
    
    -Largely worthless experience. The curriculum and course quality is awful, recruiting program is poor, student body is unexceptional. Very disappointing, would absolutely not make the same choice again.
    
    -NYU has a real world feel to it. People are collegial yet competitive, so you get to choose your teams and build your track record throughout the MBA. Its location in NYC could be leveraged better, but overall, it offers a great experience
    
    -The size at Stern allowed the professors and the offices to focus on each student, allowing us an access to an experience and support that was catered to our individual needs. The location gave us opportunity to engage in frequent contact with our target companies, which proved to be immensely helpful during the tough economic period.
    
    -I came to Stern with a wife and a school-aged child, so even though I did not participate in a great deal of extra-curricular activities I think it is important to point out that there were numerous programs and activities I could have taken advantage of. I don't want my poor participation to reflect badly on an outstanding program.
    
    -I like the new Dean and think the school is moving in the right direction, beyond just finance to also focus on hot trends such as social enterprise and international/global business. Being in NYC means unparalleled access to key corporations--big or small, in a diversity of industries.
    
    -While the experience has been amazing (academically, professionally, and socially), the cost of my MBA was exorbitant and my career, being a non-traditional MBA path, will not cover the loan payments. For people like me who aren't seeking a career in finance, I would advise them to think VERY CAREFULLY before deciding to pursue an MBA because the salaries just don't pay for the education. Perhaps the payoff will be apparent several years down the line, which is what I'm hoping.
    
    -NYU Stern School of Business has helped me progress from a professional and personal experience. Before my MBA I had a career in finance and wanted to prepare myself to occupy management positions. Stern as a business school is currently in the same situation as I was: transitioning from being an expert in finance into becoming a respected manager. My experience at the school helped me perfect my knowledge of finance and develop my managerial skills and capacity to think strategically and understand organizations.