UNDERGRADUATE Profiles Publish Date 2/26/09

New York University

Stern School of Business

Getting In

PROGRAM BASICS

Leonard N. Stern School of Business, The Undergraduate College, New York University

40 West Fourth Street
Tisch Hall, Suite 600
New York , New York 10012

Private Institution

Web site

http://www.stern.nyu.edu/undergraduate

Program telephone number:

(212) 998-4500

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1900

Length of entire institution:

Four Year

Business program length:

Four Year

Degrees offered:

Degree/Program Name:
BS, Business
BS, Business & Political Economy

PROGRAM COSTS

Annual Tuition (Resident):

$ 35,644

Annual Tuition (Non-Resident)

$ 35,644

Required fees

$ 3,042

Books:

$ 800

Room and board:

$ 12,810

ENROLLMENT

Full-time undergraduate business student enrollment:

2,305

Total College enrollment for 2008-09:

41,783

ADMISSIONS

Interviews for entire college:

Not offered

Additional application requirements for entire college:

TOEFL

Upcoming application deadlines for entire college:

Semester: Fall 2009
Deadline: 01-01-2009

Freshmen admitted into business program:

Yes

Percentage of business students admitted as freshmen:

78 %

Are the freshman admits to the business program required to complete pre-business courses before beginning upper-lever courses in the junior year?

Freshmen admitted by:

Indicate interest on university application

Minimum requirements for business program:

Entrance exam requirement other than SAT/ACT for business program:

Interview to enter business program:

Not offered

Additional application requirements for freshman admits:

N/A

Additional requirements for internal transfers:

N/A

Total number of full-time applications for entire college:

36,802

International applicants, entire college, 2008-09:

11 %

Female applicants, entire college, 2008-09:

60 %

Selectivity--applicants admitted to undergraduate business program, 2008-09:

25 %

Yield -- applicants enrolled in undergraduate business program, 2008-09:

37 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Considered

Talent/Ability:

Very Important

Interview:

Not Considered

Extracurricular Activities:

Very Important

Volunteer Work:

Important

Character/Personal Abilities:

Very Important

Application Essay:

Very Important

Work Experience:

Considered

SAT/ACT Scores:

Important

Recommendations:

Very Important

High School GPA:

Very Important

Admissions program managed by:

The university admissions office

Total undergraduate business program applicants, 2008-09:

8,389

Applicants enrolled in undergrad business program 2008-2009:

41 %

Applicants admitted to undergraduate business program, 2008-09:

18 %

CLASS PROFILE

Class Profile:

Female: 41 %
International : 17 %

Entering students by age:

Mean: 18.5
Median: 18.4

Citizenship of Entering Students

U.S.: 83 %
Canada: 2 %
Other countries: 15 %
Unknown: 0 %

Percentage of US citizens in entering class who are:

Entering students from the following region:

Northeast: 56 %
Mid-Atlantic: 10 %
South: 7 %
Southwest: 9 %
Midwest : 6 %
West: 12 %
Possessions and territories: 0 %

SAT Scores for full-time entering business students on 1600 scale:

Mean: 1435
Median: 1440

SAT middle 50% range on 1600 scale:

From: 1,360
To: 1,510

ACT Scores for full-time entering business students:

Mean: 32
Median: 32

ACT middle 50% range:

From: 31
To: 34

Percent of Students Who Were In:

Top 10% of high school class

89 %

Top 25% of high school class:

100 %

HS GPA of 3.75 or higher

73 %

HS GPA of 3.5 to 3.74:

24 %

FINANCIAL AID

Financial aid handled by:

Central financial aid office at the university

Institutional scholarship money distributed to undergraduate business students in previous academic year:

$ 12,359,794

Institutional scholarship money to be distributed to undergraduate business students in current academic year:

$ 14,774,351

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

As part of the admissions application

Other scholarship considerations:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

51 %

Percentage of institutional scholarship money distributed to business students based on merit, 2008-09 year:

100 %

Percentage of institutional scholarship money distributed to business students based on need, 2008-09:

0 %

Financial aid web site

http://www.nyu.edu/financial.aid/

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

87 %

Business students who graduate within 6 years:

95 %

Freshman retention rate:

96 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BS
Hours: 128

Other degree requirements:

Social Impact Core: 4 courses; People, Info & Systems Core: 4 courses; Money & Markets Core: 5 courses; Global Sequence: 2 courses (1 from People, Info & Systems and 1 from Money & Markets); Stern major: 4 courses; Liberal Core: 8 courses; University Electives: 10 courses

ACADEMICS

Average class size in required business courses:

Average class size in business electives:

Class size:

Classes with fewer than 20 students: 21 %
Classes with 21 to 50 students: 47 %
Classes with more than 50 students: 32 %

CURRICULUM

Number of elective courses available in business program:

110

Electives added current year:

India: Past Present & Future
Business Start-up Seminar
Commerce & Culture
Entrepreneurship and Law in Practice
Business and the Environment

Year of the last major change to the business program's core curriculum:

2005

Leading areas of study:

Accounting

Finance

International Business

Marketing

Other

Social Impact & Social Entrepreneurship

Special programs for business students:

At NYU Stern, we're constantly focused on innovation. Our new degree program in Business & Political Economy combines study in these core disciplines with study abroad in today’s key global marketplaces - London, New York and Shanghai. Additionally, all students study abroad for one week through our unparalleled International Studies Program. Students also gain a heightened awareness of business’ influence on society through our Social Impact Core. Students may also take advantage of NYC’s leading cultural institutions through the Cohen Arts & Culture Experience.

Business program offers work study or co-op opportunities:

Yes

Work study is awarded through the Office of Financial Aid and positions are advertised through the Wasserman Center for Career Development.

Business program offers study abroad opportunities:

Yes

Study abroad program description:

NYU Stern strongly encourages students to study abroad. In fact, 70% of our entering class now spends at least one semester abroad at one of our 29 locations around the globe. Through our integrated global programs (Business & Political Economy and World Studies Track), students spend 2 to 3 semesters abroad. We continue to offer our flagship International Studies Program, in which every student goes abroad for a one week global experience in their junior year.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

Community service is a vital part of the Stern experience. Through NYU Stern’s community service and social entrepreneurship initiatives, students apply business skills to effect social change. Stern students organize community-wide youth events, mentor high school students, provide assistance to seniors, and take part in countless other service initiatives across New York City’s five boroughs and beyond.

Business clubs and extracurricular activities:

Students can choose from over 25 Stern and 300 NYU clubs
in virtually every interest with 350+ leadership positions available at Stern alone
Many clubs organize professional development social and networking events; participate in business case competitions;
and feature lecturers from prominent corporations
Several clubs also focus on community service diversity and ethical business practices
Students can also attend coffee hours and roundtable lunches with the Deans and prominent alumni

FACULTY

Faculty:

Full-time faculty : 203
Adjuncts and visiting faculty: 167
Permanent/tenured professors: 107

Prominent faculty:

Aswath Damodaran Professor of Finance
Robert Engle Michael Armellino Professor of Finance Recipient of the 2003 Nobel Prize in Economics
Nouriel Roubini Professor of Economics and International Business

STUDENT LIFE

Largest on-campus organizations for business students:

Beta Alpha Psi
Investment Analysis Group
Marketing Society
Alpha Kappa Psi
Professional Development Society

Freshmen are required to live on campus:

Business students are grouped in learning communities:

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

Stern students experience state-of-the-art technology services and support, which includes wireless access, upgraded smart classrooms, and the support of smartphones. An application on demand system now allows students to access all software applications from anywhere in the world. Top-notch blog software is available and a web-based tool allows anytime, anywhere access to file storage space. A print management system is a key element to Stern’s greening initiatives.

Trading laboratory available:

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

54,434

Total living alumni:

32,184

Single donation in excess of $10 million in 2007-08?

Prominent alumni:

Name: John A. Paulson
Title: Paulson & Co.
Name: James Ferragamo
Title: Product Director, Women's Leathergoods, Salvatore Ferragamo Italia
Name: Salvatore Ferragamo
Title: Manager, Il Borro

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

87 %

Seeking full-time employment in business: 96 %
Not Seeking full-time employment in business: 4 %

Number of companies recruiting undergraduate students on campus in previous academic year:

639

Companies that posted full-time job offers/positions on school job boards, previous academic year:

3,969

Other activities and services provided for business majors:

Career fairs, industry expos, employer presentations, alumni mentor network, career week, dining for success, boot camp for future business professionals, mocktails, mock interviews, recruiter-in-residence, site visits to companies, virtual career fairs

Job offer results, 2008 graduates:

Accepted first job offer by graduation: 96 %
Accepted first job offer in three months following graduation: 2 %
Accepted first job offer more than 3 months after graduation: 0 %
Did not report having accepted a job offer: 2 %

Top hiring firms:

Goldman Sachs Group
Morgan Stanley
Citigroup Inc.
Ernst & Young
JPMorgan Chase & Co.
Credit Suisse Group
Bank of America Corp.
Deloitte Touche Tomatsu
PricewaterhouseCoopers
Lehman Bros.
Merrill Lynch
Barclays Bank PLC
KPMG LLP

Royal Bank of Scotland
Huron Consulting Group

Graduate compensation:

Mean base salary: $ 60,000
Median base salary: $ 59,500
Mean signing bonus: $ 8,200
Median signing bonus: $ 8,000

Grads accepted jobs in following functional areas:

Consulting: 13 %
Finance/Accounting: 61 %
General Management: 6 %
Human Resources: 1 %
Management Information Systems: 4 %
Marketing/Sales: 11 %
Operations/Production: 1 %
Logistics/Transportation: 0 %
Other: 3 %

Grads accepted jobs in following industries:

Accounting: 12 %
Consumer Products/Retail: 8 %
Consulting Services: 14 %
Financial Services: 50 %
Government/Education: 3 %
Pharma/Biotech/Health: 1 %
Manufacturing: 0 %
Media/Entertainment: 2 %
Petroleum/Energy: 0 %
Real Estate: 2 %
Sports/Leisure: 1 %
Technology/Science: 3 %
Non-Profit: 2 %
Transportation: 0 %
Utilities: 1 %
Other: 1 %

Percentage of job acceptances, US and Canada:

US: 99 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 89 %
Mid-Atlantic: 5 %
Midwest: 1 %
South: 1 %
Southwest: 1 %
West: 3 %
US Possessions/Territories: 0 %

Number of companies recruiting interns on-campus, 2007-08 academic year:

403

Internship postings on job boards, previous academic year:

2934

Top internship recruiters, 2007-08:

Goldman Sachs Group
Morgan Stanley
Citigroup Inc.
Barclays Bank PLC
Deloitte Touche Tomatsu
JPMorgan Chase & Co.
PricewaterhouseCoopers
Ernst & Young
Lehman Bros.
Bank of America Corp.
Credit Suisse Group
UBS
KPMG LLP

Macy's
Royal Bank of Scotland

Percentage of internships that were paid, previous academic year

95 %

Mean internship compensation per week:

$ 1,350

Average internship, in weeks:

Graduate Comments

NYU Stern is unique because it is the only top undergraduate business program in the heart of NYC. In my opinion, internships are the most effective way to learn about business and finance, and going to NYU has given me unparalleled internship opportunities during the academic year.

It's fast-paced culture accurately reflects that in the business environment. Unlike in other business programs, NYU Stern fosters entrepreneurialism and communication. In addition to being very bright and diligent in their studies, my peers are engaging and talented individuals who have the potential to succeed.

The International Studies Program is an all-expenses paid trip that allows ALL students in their 3rd year to study a company at a foreign country during spring break. This past year, the locations were Buenos Aires, Argentina (where I went), Hong Kong, China, and Berlin, Germany. It is an incredible experience that promotes bonding with our fellow classmates, exploring a different country, exploring a multinational firm, and learning what it is like to operate and live outside of the U.S.

Very focused on finance and geared towards taking a job in banking. Great networking events because of location and alumnus.

The thing that sticks out the most is probably the extracurricular activities, particularly the Investment Analysis Group and the Quantitative Finance Society. Both are attended by the smartest and most enthusiastic students in the school and serve as a place for underclassmen to expose themselves to advanced topics before even taking their required classes as well as a place for upperclassmen to engage in debate that puts their financial knowledge to the test as they argue real-world topics that they have dealt with in their internships and part-time jobs.

Stern's strong connection to and involvement in the New York financial services world gives its students a strong foundation in learning about business and applying it to the real world, through internships, guests from the corporate world, and professors who have come from leading firms.

The school has a unique location in the middle of Manhattan. Additionally, many of the Alums are beginning to take a more active interest in developing the undergraduate program.

I happen to think that Stern's business core is quite well-rounded. Yes, it depends on the professors you ultimately have but your bases are generally covered. And of course, what makes Stern unique is that it has immediate access to NYC and helps its students get work experience early. Not only that but Stern has access to all of NYU's resources, which allows students to really broaden their horizons and develop other skills that set them apart from stereotypical business students. It's a shame that more students don't take advantage of this. There is a distinct Stern culture, for better or for worse, that is furthered by the extensive team projects we all must do.

It is often difficult to meet your fellow classmates, especially in a school where there lacks a campus. Stern offers a cohort program that promotes an environment for students to meet each other and helps each group to explore the "city" life by taking them out for fine dining, musicals, etc.

NYU Stern brings in respected speakers, such as CEOs and journalists, and hosts company visits allowing for a direct view into the professional business world. Vast funds are also provided for students clubs, social cohorts, school-wide events, and individual interests that provides both a well-rounded experience as well as offering a chance for students to specialize in a field of their interest. Professors are encouraging, supportive and accessible for either class specific help or extracurricular events. A majority of students also travel abroad either to NYU locations abroad or through the Stern partnerships with international business schools. The outstanding education and resources alongside one of the best career centers in the country allows for students to confidently enter the job market and pursue their goals.

The rumors about the aggressiveness of the student body and the high pressure were absolutely true. Not to take anything away from my fellow classmates, who are all very intelligent people, but it was clear that Stern did not focus on well rounded individuals as most students� main goals were acquiring a high paying job in finance. It made it difficult for me to completely like the school. Along with the "Stern Curve" which now does officially exist in almost all classes, it is hard to develop a closeness when everyone is always competing to get higher grades and the same jobs.

It's really the students that make a big difference. It's their attitudes of needing to look good to employers-both internships and full-time. Although the deans seem to frown upon internships and basically discourage them, students take them on to get one step ahead of students from other colleges. We make use of the opportunities given to us.

Overall, I generally did have a positive experience at Stern. It has opened many doors for me that I would not have imagined. However, attending Stern also has opened my eyes to some of the country's most competitive classmates I have ever met. It seems that the Stern mentality is to obtain the best grades and find the best job in the market. The reputation of Stern is notorious among Wall Street, as I have talked to many recruiters who loathe Stern students based on this reasoning. It's unfair in the job market to find a job where recruiters already dislike Stern students to begin with.

The advising is not very good except for maybe one advisor. The deans try very hard but they think about their own vision and ask for feedback but don't listen or really care about the answers. The school is very quantitatively and finance driven and the career center gives very extensive help to these students but hardly any to marketing and management students.

Location also has its downside. No firms outside for the New York City area will recruit here. That means we're stuck with finding jobs on our own if we want to leave NYC after graduation. NYU's connections are primarily in investment banking and marketing, so job selection is pretty limited. I found a consulting job, but that took significant work to do.

The school has grown every year and instills new programs based on student feedback. The International Studies Project is unrivaled against any school. Stern is not only a finance school; significant opportunities to pursue other areas in business are readily available.

I learned a lot at NYU, but I wish I learned more technical skills I could use on the job. Less theory in the technical finance classes would be helpful.

There is the infamous Stern curve which kills lots of students. But it also works as an incentive to work harder. I hope the companies understand the curve system in stern and give more chances to students with a relatively a lower GPA than students from other school with an easier grading system.