Program Basics

• • New York University, Leonard N. Stern School of Business, The Undergraduate College
  • Leonard N. Stern School of Business
  • 40 West Fourth Street
  • Tisch Hall, Suite 600
  • New York, New York
  • 10012
  • United States
  • Program Web site: http://www.stern.nyu.edu/undergraduate
  • Program phone number: 212-998-4500
  • Status: Private
• • AACSB accredited: Yes
• • Year in which the undergraduate business program was founded: 1900
• • Institution: Four Year
• • Business Program: Four Year

SCHOOL BASICS

• Enrollment:

  • Total undergraduate: 43,911
  • Full-time undergraduate business: 2,372
  • Part-time undergraduate business: 27
  • Distance undergraduate business: 0
• • College or university freshman retention rate: 92 %

• Percentage of students who graduate from the business program:

  • Within four years of admission to the university: 89 %
  • Within six years of admission to the university: 94 %

• Undergraduate Business Degrees Offered:

  • BS, Business
  • BS, Business & Political Economy

PROGRAM COSTS

• • Annual Tuition (Resident): $39,806.00
• • Annual Tuition (Non-Resident): $39,806.00
• • Annual Required Fees: $3,252.00
• • Annual Room and Board: $15,182.00
• • Annual Cost of Books: $1,000.00

CLASS PROFILE

• Students in newest entering class that are:

  • Female: 36 %
  • International: 21 %

• Mean and median age of full-time business students in the newest entering class:

  • Mean: 19
  • Median: 18

• Percentage of newest entering class:

  • Top 10% of high school class: 78 %
  • Top 25% of high school class: 98 %
  • GPA of 3.75 or higher: 54 %
  • GPA of 3.5 to 3.74: 38 %

• SAT scores (1600 scale) for the newest entering class of full-time undergraduate business students:

  • Mean: 1457
  • Median: 1470

• Middle 50% range of SAT scores (1600 scale):

  • From: 1420
  • To: 1510

• ACT scores for the newest entering class of full-time undergraduate business students:

  • Mean: 32
  • Median: 32

• Middle 50% range of ACT scores:

  • From: 31
  • To: 34

• Citizenship breakdown for newest entering class:

  • US: 79 %
  • Canada: 3 %
  • Other Non-US Citizens: 18 %

• U.S. citizens in newest entering class:

  • African American: 4 %
  • Asian American: 47 %
  • Hispanic or Latino American: 10 %
  • Multiethnic/Multiracial: 2 %
  • Native American: 0 %
  • White (Non-Hispanic): 24 %
  • Other: 13 %

• Regional breakdown of U.S. citizens in newest entering class:

  • Northeast: 60 %
  • Mid-Atlantic: 9 %
  • South: 8 %
  • Southwest: 6 %
  • Midwest: 6 %
  • West: 11 %

ADMISSIONS - Getting Into the Institution

• Standardized tests required of all applicants:

  • Students have several options of standardized testing combinations to submit.Visit the Admissions web site for complete info - admissions.nyu.edu
  • To be eligible for admission, applicants are expected to submit results from one of the following testing options: -The SAT Reasoning Test; or -The ACT (with Writing Test); or -Three SAT Subject Test scores (one in literature or the humanities, one in math or science, and one non-language test of the student's choice); or -Three AP exam scores
  • Applicants to the Stern School of Business who choose to submit SAT Subject Tests or AP Exam scores must provide a score from a mathematics examination.
• • Interviews are: Not offered

• Application deadlines:

  • Fall 2012 1/1/2012
• • Additional application requirements: The TOFEL is generally required of nonresident alien applicants.
• • Total undergraduate applicants, all programs: 40,910
• • Percentage of applicants admitted: 32 %
• • Percentage of admitted applicants who enrolled: 37 %
• • International applicants: 17 %
• • Female applicants: 36 %

• Relative Importance of Application Elements

  • Secondary school record: Very Important
  • Class rank: Important
  • 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: Very Important
  • Recommendations: Important
  • High school GPA: Very Important

ADMISSIONS - Getting Into the Business Program

• • Undergrad business program admissions are managed by: The university admissions office
  • Total undergraduate business applicants: 6,993
  • Percentage of applicants admitted: 21 %
  • Percentage of admitted applicants who enrolled: 36 %
• • Entrance exam other than the SAT/ACT required for admission to the undergraduate business program?: No
• • Admissions interviews for the undergraduate business program are: Not offered

• Freshman admission:

  • Does the business program admit freshmen?: Yes
  • Percentage of business program admits in most recent entering class who were freshman: 89 %
  • Are freshman business admits required to complete or obtain minimum GPAs in pre-business courses before taking upper-level courses? No
  • Process for freshmen admission?: Indicate interest on university application

CAMPUS LIFE

• Five largest on-campus organizations for business students:

  • Beta Alpha Psi
  • Investment Analysis Group
  • Undergraduate Stern Women in Business
  • Marketing Society
  • Finance Society
• • Are freshmen required to live on campus?: No
  • Are business students grouped together in 'learning communities' in housing and other facilities?: No

PROGRAM REQUIREMENTS

• Other requirements for the undergraduate business degree

  • Business Tools Core: 3 courses; Functional Business Core: 4 out of 6 courses; Social Impact Core: 4 courses; Global Business Core: 2 courses; Liberal Arts Core: 5 courses; Business Concentration: 4 courses; Electives: 11-14 courses

ACADEMICS

• Average class size:

  • Required business classes: 39
  • Business electives: 37

• Percentage of business classes:

  • With 20 or fewer students: 23 %
  • With 21 to 50 students: 53 %
  • With more than 50 students: 24 %

CURRICULUM

• Electives:

  • Available business electives: 107
  • New electives: Networks, Crowds and Markets
• • Last curriculum overhaul: 2010
  • Total business faculty: 260
  • Percentage of the total faculty that is tenured or tenure track: 37 %

• Most prominent faculty:

  • Robert Engle
  • Thomas Sargent
  • A. Michael Spence

• Business program's leading areas of study:

  • • Accounting
    • Economics
    • Finance
    • Marketing
    • International Business
• • Special programs: At NYU Stern, we're focused on academic excellence and innovation. Our degree program in Business & Political Economy combines the study of business, politics and economics with study abroad in today’s key global marketplaces - London, New York and Shanghai. Additionally, all Business majors study abroad for one week through our unparalleled International Studies Program. Students also take advantage of NYC’s vast cultural opportunities through the Cohen Arts & Culture Experience.
• • Work study: Work study is awarded through the Office of Financial Aid and positions are advertised through the Wasserman Center for Career Development.
• • Study abroad programs: NYU Stern strongly encourages students to study abroad. In fact, more than 50 percent of students spend at least one semester abroad at one of 28 locations around the globe. Our Barr Family International Studies Program, ensures that every student goes abroad for a one week global experience in their junior year.
• • Volunteer opportunities: 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. Additionally, our Stern International Volunteers program allows students to travel abroad to participate in community service projects.

• Extra-curricular activities:

  • Students can choose from over 27 Stern and 400 NYU clubs and organizations 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 bring in speakers 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.

FINANCIAL AID

• • Who manages financial aid for the business program?: Central financial aid office at the university
  • Financial aid web site: http://www.nyu.edu/admissions/financial-aid-and-scholarships.html

• Scholarships

  • Scholarship money distributed to business students last year: $19,508,540.00
  • Expected scholarship distribution to business students this year: $19,812,482.00
  • Scholarships are awarded to business students based on: a combination of need and merit
  • Students receiving institutional scholarships in the current academic year: 53 %
  • Institutional scholarship money distributed to undergraduate business students based on need: 94 %
  • Institutional scholarship money distributed to undergraduate business students based on merit: 6 %

• Loans

  • Does the school offer a guaranteed loan to all business students, regardless of nationality?: No

CAREER SERVICES

• Employment Information

  • Percentage of most recent business graduates who supplied information regarding employment: 71 %
  • Percentage seeking full-time professional employment in business: 98 %
  • Percentage not seeking full-time professional employment in business: 2 %

• Accepted first job offer:

  • By graduation : 71 %
  • After graduation, but within 3 months: 20 %
  • More than 3 months after graduation: 7 %
  • No job acceptance reported: 2 %
• • Companies recruiting business students on campus: 656
  • Companies posting job offers for business students on school job boards: 4,051

• Compensation

  • Mean base salary: $62,259.00
  • Median base salary : $64,200.00
  • Mean signing bonus: $9,289.00
  • Median signing bonus: $10,000.00

• Most recent graduates accepted jobs in the following functional areas:

  • Consulting: 10 %
  • Finance/Accounting: 67 %
  • General Management: 1 %
  • Human Resources: 1 %
  • Management Information Systems: 1 %
  • Marketing/Sales: 14 %
  • Operations/Production: 3 %
  • Logistics/Transportation: 0 %
  • Other: 3 %

• Most recent graduates accepted jobs in the following industries:

  • Accounting: 10 %
  • Consumer Products/Retail : 5 %
  • Consulting: 11 %
  • Financial Services: 52 %
  • Government/Education: 1 %
  • Pharma/Biotech/Health: 1 %
  • Manufacturing: 2 %
  • Media/Entertainment: 11 %
  • Petroleum/Energy: 0 %
  • Real Estate: 1 %
  • Sports/Leisure: 1 %
  • Technology/Science: 1 %
  • Non-Profit: 1 %
  • Transportation: 0 %
  • Utilities: 0 %
  • Other: 3 %

• Job offers accepted by most recent graduates in North America:

  • US: 100 %
  • Canada: 0 %

• Percentage of 2009-10 academic year graduates who accepted jobs in regions of US:

  • Northeast: 93 %
  • Mid-Atlantic: 1 %
  • Midwest: 1 %
  • South: 1 %
  • Southwest: 1 %
  • West: 3 %
  • Possessions and territories: 0 %
• • Career services offered: We provide career fairs, industry expos, on-campus recruitment program, employer presentations, mock interviews, dining etiquette workshops, site visits to organizations, a recruiter-in-residence program, a mentor network, boot camp conferences, speaker series, among other events.

INTERNSHIPS

• • Companies recruiting business students for internships on campus: 515
  • Companies posting internship offers for business students on school job boards: 3,651

• Internship pay

  • Internships that are paid: 95 %
  • Mean compensation, per week, for paid internships only: $1,405.00
  • Average internship length, in weeks: 10

B-SCHOOL ALUMNI

• • Total number of undergraduate business program graduates since inception: 56,295
  • Total living alumni of the undergraduate business program: 33,855

• Alumni gifts

  • Did the business program receive a gift of $10 million or more in the last academic year? No

• Prominent alums of the undergrad business program

  • John A. Paulson Paulson & Co.
  • Leonard Stern Chairman & CEO, The Hartz Group
  • Dr. Alan Greenspan President, Greenspan Associates

• • -Stern has a very international focus. We are highly encouraged to study abroad- and most people do. During our junior year, every student is assigned to either Asia, South America, or Europe. We study one country's economy and one specific company. Stern then pays for every student to go to that country for a week and visit the company and absorb the culture. Because most students study abroad, the classroom discussions are very global in thinking, and each student has very interesting and unique perspectives. Additionally, most students have internships, and that real world experience really enhances the classroom.
    
    -A lot of emphasis is placed by students on excelling in banking and the other industries are ignored. While faculty has really pushed to intensify coursework in other areas, the student body is still very much focused on banking (understandably since it remains the top recruiting center). However, in the long term, the school could focus a bit more on other industries.
    
    -Stern provides students with classroom instruction that fully transcends to the workplace. We learn how to work in teams and present presentations in a professional matter that impressed my bosses in my internships. Stern's location also makes our business program unique because we have access to some of the best professors who are also working in the industry and to internships in our desired fields during the school year.
    
    -Stern should hold interviews for incoming applicants. There are lots of people who look great on paper but are incapable of networking / communicating with others successfully in the business place.
    
    -Being in New York City, opens many doors. A lot of the big banks and firms recruit on campus. Many clubs and organizations focus on internship/job search. Stern classes encourage a lot of group work.
    
    -We are so strong in Finance and Accounting, which is evidenced by the numbers of firms in these industries that continually recruit here and have great relationships with our clubs. What would make Stern stronger would be to bolster the other majors and even minors. One way we are starting to do this is through cross-school minors--for example the Business of Entertainment, Media and Technology minor, which involves taking classes at Stern, Tisch and Steinhardt. Another way we are taking initiative in this direction is by having open dialogue with the Dean, as I am a part of the newly formed Dean's Research Program. Dean Menon is encouraging, intelligent and full of drive for understanding the Stern experience as it is and finding ways to make it even better--with particular focus to strengthening the other majors, whether by offering more classes, auditing the ones that exist already or just by finding other speakers to come to our classes to get us THINKING about things other than what we've always been good at (finance and accounting). I guess my short answer is, if Stern continues along this path, staying strong in finance and accounting but also getting stronger in Marketing or International Business (with regards to job placement or just word of mouth), Stern will become stronger. And I have faith it will do so within the next 10 years.
    
    -We have excellent access to internships and part-time placements in the city. Most of the students are more experienced and prepared for the job market by the time they graduate than in most schools. Having five or six internships before graduation is quite common (I have had 5 as well). We also have great exposure to global business - as juniors we all participate in an international studies course which sends us all to one of three global locations for a week to study business practices there. Around 75% - 90% of students study abroad at least one semester.
    
    -The program's grading curve makes an already competitive environment even more so. Students become more worried about the grade than the experience.
    
    -Stern creates a unique experience in that there is a sense of community that organically gets in place over the course of the undergraduate program. It has programs like the International Studies Program that allowed for the entire Junior class to travel to a different country, bond and also learn about new cultures and these are just a couple of examples that make the Stern experience so unique.
    
    -I would love to see fewer liberal arts requirements and more business courses become part of our required curriculum. Even though the courses are generally valuable, I can read Thoreau or learn about Asian American culture in the US on my own time. There are a ton of courses I am interested in taking, but do not have the room in my schedule. This is not just an issue with my school, but basically any school that is not a trade school. Even though it will never change, I figured I would mention it.
    
    -There are a number of factors that make Stern great. One of them is the constant focus on ethics. There are mandatory classes during each of freshman, sophomore, junior and senior years which analyze ethical issues faced by managers today. Secondly, classes are small and personalized. Professors go out of their way to get to know you. Third, because it is part of NYU students can double major in non-business areas such as computer science etc. Additionally, due to being in the city, students get to network with professionals from a number of industries.
    
    -Perhaps the grading could be more lenient and the club activities could be geared to not only finance. The school has been improving in bringing in firms that recruit in fields other than investment banking, which is good.
    
    -The caliber of the student population, in terms of intelligence as well as leadership is really unique. The school's business program really stresses teamwork, given that there is at least one group project in every core business class. In addition, adding to a diversified experience to our business education is something that the program does really well, especially with the course International Studies Program.