FULL-TIME MBA Profiles Publish Date 11/13/08

New York University

Stern School of Business

Getting In

PROGRAM BASICS

Full-time MBA Program

Leonard N. Stern School of Business

44 West 4th Street
New York , New York 10012

Program Web site:

http://www.stern.nyu.edu

Status:

Private Institution

Program e-mail address:

sternmba@stern.nyu.edu

Graduate business school is accredited by:

AACSB International

Years in which the following programs were founded:

PROGRAM COSTS

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

Resident : $ 89,184
Nonresident : $ 89,184
Recommended annual budget (Resident): $ 30,382
Recommended annual budget (Nonresident): $ 30,382

PROGRAM LENGTH

Full-time program (months):

ENROLLMENT

Graduate business school enrollment

Total graduate business school: 3347
Full-time MBA: 832
Part-time MBA: 2140
Executive MBA: 241

PhD program: 103
MS: 31

Undergraduate business school enrollment

2,305

Other graduate degree programs:

N/A

ADMISSIONS

Application Deadlines

November 15 January 15 March 15

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?

Which English language proficiency tests are accepted?

TOEFL Computer Based

TOEFL Internet Based Test

TOEFL Paper-based Test

Other: N/A

Relative importance: 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:

4779

Applicants who were accepted to the most recent class:

15 %

Admitted applicants who enrolled in the newest class:

57 %

Applicants who were re-applicants from prior years:

7 %

Percentage of this year's reapplicants accepted:

11 %

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:

43 %

Applications from women received:

34 %

Mean base salary forgone:

$ 68,880

Median base salary forgone:

$ 67,760

CLASS PROFILE

Full-time students in newest entering class (2008-2009) that are:

Female: 41 %
International: 32 %

Ethnicity/US Students in Program

African American: 7 %
Asian American: 14 %
Hispanic or Latino American: 8 %
White (Non-Hispanic): 40 %
Other: 2 %

Students from following regions:

Africa : 0 %
Asia: 7 %
Eastern Europe and Central Asia: 3 %
Latin America and the Caribbean: 6 %
Middle East: 2 %
North America: 77 %
Oceania : 0 %
Western Europe: 5 %
Percentage of students with dual citizenship: 7 %

Entering North American citizens by region:

Northeast: 43 %
Mid-Atlantic: 13 %
South: 10 %
Southwest: 5 %
Midwest : 9 %
West: 15 %
Possessions and territories: 1 %

Mean months of work experience of newest entering class:

Median months of work experience of newest entering class:

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

From: 36
To: 86

Median age of entering class:

Mean age of entering class:

FINANCIAL AID

Full-time MBAs apply for financial aid through:

Dedicated financial aid office at the B-school

Full-time MBAs applied for financial aid for the current academic year:

71 %

Mean MBA financial aid package for the current academic year:

$ 52,564

Median MBA financial aid package for the current academic year:

$ 62,871

On what basis are scholarships awarded?

academic merit

Full-tuition scholarships school will award during the upcoming academic year:

How does an applicant apply for scholarship consideration?

all candidates are considered for scholarship

Does the school offer a guaranteed loan to all MBAs regardeless of nationality?

Yes

Mean outstanding debt among the most recent graduates from the full-time MBA program:

$ 91,878

GMAT

Applicants required to take the GMAT?

Yes

Mean : 708
Median: 710

Middle 80% range GMAT scores:

From: 660
To: 760

Academics & Lifestyle

CLASS OFFERINGS

Average students in a full-time MBA core class:

Average students in a full-time MBA elective class:

Elective courses available to full-time MBA students:

127

Electives that have been added to the full-time program since June 30, 2008:

Examining the Nonprofit Capital Market
Topics in International Corporate Finance
Global Poverty Alleviation; Corporate Communication
The Great Depression; Operations in Entertainment
Economics of Healthcare; Credit Risk

Concentrations and specializations offered to full-time MBA students:

Accounting

Economics

Entrepreneurship

Finance

General Management

International Business

Leadership

Management Information Systems

Marketing

Media/Entertainment

Operations Management

Organizational Behavior

Statistics and Operations Research

Strategy

Supply Chain Management

Technology

Other: Banking; Corp Fin; Data, Models & Decisions; Fin Instruments & Mkts; Financial Systems & Analytics; International Finance; Law & Business; Management; Social Innovation & Impact; Product Management; Quantitative Finance

Joint-degree programs offered to full-time MBAs:

MBA/JD (Law)

MBA/MA (Arts)

MBA/MS (Science)

Other

Does the school offer an accelerated full-time MBA program?

FACULTY

Faculty employed by the B-school:

294

Full-time faculty

Tenured: 107
Non-Tenured: 94

Adjunct/Visiting Faculty

Non-Tenured: 93

Women on Faculty

Minority Faculty

International Faculty

Faculty with PhDs

Tenured: 107
Non-Tenured: 73

STUDENT LIFE

Professional clubs available to full-time MBA students:

Biotech/Health care

Consulting

Corporate Social Responsibility/NetImpact

E-business

Entrepreneurship

Environmental

Finance

High Tech

Information Technology

Investment Banking

Manufacturing

Marketing

Media & Entertainment

New Media

Nonprofit

VC/ Private Equity

Other

Networking clubs available to full-time MBA students:

Black MBA Association

Gay/Lesbian/Bisexual

Hispanic Student Organization

International Club

Partners/Family

Volunteer

Wine

Women in MBA

Other

TEACHING/ACADEMICS

Teaching methods used

Case study: 25 %
Distance Learning: 5 %
Experiential Learning: 15 %
Lecture: 20 %
Simulations: 5 %
Team Project: 30 %

Requirements for graduation:

Students must have attended a minimum number of classes

Students must have earned a pre-determined GPA/Letter grade average

TECHNOLOGY

Is there a wireless network in main B-school buildings?

Yes

Technology improvements in the last three academic years:

-Smart Classrooms featuring multiple projectors, writable screens, whiteboard cameras that record snap-shot images of the board, save them to the podium pc, and distribute them to students, push-to-talk microphones and networked tablet. - Stern IT has updated its wireless management system to improve the wireless service offering. The new wireless management system is robust and offers stronger management tools than the previous wireless management system. - In addition to the computer lab, there are dozens of Express Stations conveniently located throughout the Tisch Hall and KMC buildings.

Amount spent:

$ 5,000,000

Alumni Affairs & Careers

ALUMNI

Living MBA alumni:

48,020

Active MBA alumni clubs

Countries in which MBA clubs exist

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:

https://violetnet.nyu.edu/

Does the B-School have an alumni networking site:

Yes

Business school alumni networking site:

https://alumnionline.stern.nyu.edu/

Do current MBA students have access to an alumni database?

Yes

CAREER SERVICES

Graduates seeking full-time professional MBA employment: 90 %
Graduates not seeking employment: 6 %
Graduates for whom you have no information regarding employment: 4 %

Of grads not seeking employment: Percentage of graduates not seeking employment who were company-sponsored, or already employed: 59 %
Percentage who were continuing their education (after graduation): 0 %
Percentage who were postponing their job search: 0 %
Percentage who were starting their own business(es) : 32 %
Percentage who were not seeking employment for other reasons: 9 %

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

Destination: Washington D.C. (Emerging Markets Association)
Month: November
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
Destination: Hong Kong (European Business Society)
Month: November
Amount Paid By School: Partial
Destination: London (London Banking Days)
Month: November
Amount Paid By School: Partial

Primary Source of Job Offer

School-facilitated activities: 74 %
Graduate-facilitated activities: 21 %
No information provided by graduate: 5 %

Job Offers for 2008 graduates:

Received first job offer by graduation: 84 %
Received first job offer in three months following graduation: 8 %
Received first job offer more than 3 months after graduation: 0 %
Did not report having received a job offer: 8 %

Top recruiting firms and the number of full-time MBAs hired in the past 12 months:

	Citigroup Inc.
	JPMorgan Chase & Co.
	American Express
	McKinsey & Company
	Goldman Sachs Group
	Credit Suisse Group
	Bank of America Corp.
	Johnson & Johnson
	Barclays Bank PLC
	Morgan Stanley
	L'Oreal
	Booz Allen Hamilton
	HSBC
	Deutsche Bank AG
	UBS

Job-accepting graduates who received a signing bonus:

85 %

Mean and median base salary, signing bonuses and other compensation for most recent employed graduates:

Mean base salary for most recent graduates: $ 101,063
Median base salary for most recent graduates: $ 95,000
Mean signing bonus for most recent graduates: $ 32,351
Median signing bonus for most recent graduates: $ 35,000
Mean other guaranteed compensation for most recent graduates: $ 40,444
Median other guaranteed compensation for most recent graduates: $ 38,793

Graduating students who accepted jobs in the following functional areas:

Consulting: 23 %
Finance/Accounting: 53 %
General Management: 3 %
Human Resources: 1 %
Marketing/Sales (Public Relations, Product Management, Market Research, Advertising, etc.): 12 %
Management Information Systems (MIS): 1 %
Operations/Logistics (Logistics, Purchasing, Engineering, etc.): 1 %
Other: 6 %

Graduating students who accepted jobs in the following industries:

Government (Federal, State, Local, Military): 1 %
Consulting: 15 %
Consumer Products: 7 %
Financial Services: 59 %
Manufacturing: 0 %
Media/Entertainment: 5 %
Non-Profit: 1 %
Petroleum/Energy: 1 %
Pharmaceutical/Biotechnology/Health care Products: 3 %
Real Estate: 2 %
Technology: 3 %
Other: 3 %

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

Africa: 0 %
Asia: 4 %
Eastern and Central Europe and Central Asia: 1 %
Latin America and the Caribbean: 3 %
Middle East: 1 %
North America: 85 %
Oceana: 0 %
Western Europe: 6 %

Within North America, graduates who accepted full-time jobs in the following regions:

Northeast: 84 %
Mid-Atlantic: 4 %
South: 2 %
Southwest: 1 %
Midwest: 1 %
West: 8 %
Possessions and territories: 0 %
Canada: 0 %

Top Companies - Internships:

	JPMorgan Chase & Co.
	Merrill Lynch
	American Express
	Lehman Bros.
	Citigroup Inc.
	Credit Suisse Group
	Kraft
	UBS
	Barclays Bank PLC
	McKinsey & Company
	Deutsche Bank AG
	Goldman Sachs Group
	Bank of America Corp.
	Morgan Stanley
	Walt Disney Co.

Internships awarded that are paid:

92 %

Mean and median intern compensation per week:

Mean : 1,723
Median: 1,825

Average internship length in weeks:

SCHOOL COMMENTS

School Comments:

N/A

Graduate Comments

Professors were great, but the students really made the experience for me. They were smart and talented, yet very down-to-earth and largely ego-free. These were two of the most enjoyable years of my life, due to the high quality of the educational experience and the quality time spent with great friends. -- Investment Banking

The experience of an MBA in a good New York location, with the access to firms and cultural life cannot be matched by other schools. -- Finance

The Stern community is a network of supportive friends who see that every person's individual success will lead us all to group success. It is a collaborative place, not cutthroat. I would wholeheartedly advise anyone to come to Stern. -- Marketing

Stern is one of the best schools to get you a job in finance (investment banking, sales & trading) if you come from a different background. Stern has among the highest representation in summer associate classes at most of the I-banks. -- Finance

NYU's strong relationship with New York companies is undeniable, and the alumni have been really giving back to the new graduates. -- Consulting

The recruiting at NYU Stern is amazing for those on the finance track. If you are looking to get a job at an investment bank, NYU is the place to go. The bulge bracket banks begin recruiting the first month of the first semester and really make an effort to attract talent. -- Investment Banking

While the curricula is top-notch and 90% of professors were spectacular, the quality of student is where Stern shines. We are an odd bunch of intelligent, cooperative, type A personalities. The result is not just a fun experience, but a wonderful complement to our education. New to all things finance, I asked many of my peers questions during my first semester and always received thoughtful, smart responses. -- Consulting

Stern's biggest weakness lies in infrastructure: the buildings and IT are lousy. Everything else (education, network, challenge, enjoyment, opportunity, access to industry leaders, location, career support, job placement) is spectacular. All and all, I couldn't be more pleased with my time at Stern. -- Consulting

Stern has a very strong faculty, great students, and one of the best locations in the world. I would definitely recommend this program not only for career advancement purposes, but also as a life experience. -- Venture Capital/Private Equity

There�s too much focus on the career-switchers, and that why most of the offers are only entry levels. The situation really vexed me as I am an experienced professional who just wants an MBA education. -- Entrepreneurship

Aside from the typical characteristics that make a business school stand out (ie., quality and caring faculty, close relationships to the industry, high student placement, past excellence, etc.), Stern has two advantages over other schools that I personally felt were key: a friendly and collaborative student body and a great location in the best city in America. -- Finance

NYU has a distinct culture: cutthroat, competitive, mean, non-collaborative people won't fit or do as well. -- Marketing

Career opportunities were amazing, especially for career-changers such as myself. The community was very close-knit, and I didn't ever feel like I was �networking.� The academics were also excellent, as we had some of the best teachers in the country as well as what seemed to be one of the widest elective selections. -- Investment Banking

The access to people in the business, and by that I mean any business, due to our location clearly makes the Stern experience unique. I have friends at HBS, Wharton, Chicago, and Kellogg who have not had nearly the same experience in terms of speakers coming to campus as well as the resources to network professionally. -- Consulting

When I was recruited during my first semester, I wasn't sure whether I wanted to accept a restructuring offer or a distressed debt internship offer. Being in NYC allowed me to "cheat" and do a part-time spring internship at a distressed debt hedge fund and a full-time summer internship at a restructuring shop. -- Investment Banking

The professors and administration made themselves so available to students. In 18 months, I developed personal relationships with administration and professors and expect to maintain those relationships. My husband and I decided to get pregnant in my second year of school and the administration bent over backwards to make me comfortable and help me to graduate on time. -- Marketing

Aside from the people, one of the other reasons that I came to Stern was because of the existence of a Luxury and Retail Club. With help from the administration and other club members, I had a chance to help with the club's growth and co-chair the First Annual Luxury and Retail Conference. I have made numerous contacts and friends because of this club and even consulted to a luxury retailer (Ferragamo) for two months. It is opportunities like these that made me feel like I was going to a business school that offered much more than just a career in finance. -- Operations

This is purely speculative on my part, but it seems like many companies recruiting in NYC view Stern as their second choice to Columbia, which means we have fewer top companies recruit on campus and less students selected by those that do come. Also, the professor quality was somewhat inconsistent. -- Consulting