NYU Stern School of Business
(New York University)
QUICK FACTS
- Location: New York City, NY, USA
- Program Length: 2 years
- Program Cost: $164,652
- Average GMAT score: 733
- Acceptance Rate: 27%
- Average Work Experience: 5 years
Employment Reports (2022)
- Received an Offer by Graduation: 87.4%
- Accepted an Offer by Graduation: 86.6%
- Median Salary: $170,000
- Median Signing Bonus: $35,000
RANKINGS
- #19 Financial Times 2023 MBA Ranking
- #10 US News – Best Business Schools
- #4 US News – Part-time MBA
- #19 QS Global MBA Rankings 2023
CLASS OF 2024
- Total Applicants: 3,553
- Total Enrollment: 324
- Women: 45%
- Average GPA: 3.6
ABOUT
The Stern School of Business at NYU is a world renowned business school located in the heart of the business world. Stern’s location near lower Manhattan gives students direct access to the business and finance worlds they wish to be a part of. Stern brings together people from diverse background and culture in order to best realize their core values.
The four Stern Values are ‘Excellence, Unbound by Tradition’, ‘IQ+EQ’, ‘Radically Responsible’ and ‘Uncommonly Connected’. Each of these values underscores the Stern experience and creates a unique and powerful community.
With numerous centers and initiatives, such as the Center for Sustainable Business and the NYU Pollack Center for Law and Business, students at Stern have access to a broad network of faculty and alumni who are bound to share their interests.
With Stern’s reputation as one of the world’s best business schools, business professionals know that students emerging from Stern have obtained an education that is world-class. From career fairs visited by over 300 companies to professional development programs aimed directly at NYU students, students at NYU Stern will grow academically, professionally, and personally during their studies.
APPLICATION DEADLINES
- Round 1: September 18th, 2023
- Round 2: October 18th, 2023
- Round 3: January 18th, 2024
- Round 4: April 18th, 2024
APPLICATION PROCESS
Applicants interested in an NYU Stern MBA program must select which area of program they are interested in (Full-time MBA Program, Fashion & Luxury MBA Program, Tech MBA Program).
The admissions committee evaluates applicants across three areas:
- Academic Profile
- Professional Achievements & Aspirations
- Personal Characteristics
Transcripts
Applicants must hold a four-year bachelor’s degree when applying for an NYU Stern MBA program. Transcripts from all attended institutions must be submitted. Unofficial transcripts can be uploaded as a scanned copy or as self-reported. Once an offer admission has been extended, students must submit an official copy of their transcripts.
GMAT or GRE
NYU Stern accepts standardized test scores from the Executive Assessment Test, MCAT, LSAT, and DAT as well as the GMAT and GRE. There is no minimum standardized test score required for application.
Foreign Language Requirement
Mastery of English is required for NYU Stern. TOEFL, IELTS, or Duolingo English Test are accepted.
EQ Endorsement
Instead of recommendations, Stern requires one EQ Endorsement. The endorser must be the applicants current supervisor. If you can’t provide one from the current supervisor, you must explain why. You may submit 2 endorsements, but it is not recommended.
Endorsers rate applicants on their abilities and answer the following 5 questions:
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Please provide a brief description of your interaction with the applicant and, if applicable, the applicant’s role in your organization.
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How does the applicant’s performance compare to that of other well-qualified individuals in similar roles (if applicable)? Please provide specific examples. (E.g. what are the applicant’s principal strengths?)
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Describe the most important piece of constructive feedback you have given the applicant. Please detail the circumstances and the applicant’s response.
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IQ+EQ is a core value of NYU Stern, and we seek exceptional individuals who possess both intellectual and interpersonal strengths. Emotional intelligence (EQ) skills such as self-awareness, empathy, communication and self-management are at the core of our community of leaders. Please provide one specific and compelling example to demonstrate the applicant’s emotional intelligence.
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(Optional) Is there anything else we should know?
Essay Description
The Essays for Stern are designed to show the admissions committee the applicant’s experiences, goals and thought processes. The essays should be double-spaced, in 12-point font.
Short Answer: Professional Aspirations (150 words max.)
- What are your short-term career goals?
Essay 1: Change: _________ it (350 words max)
In today’s global business environment, the only constant is change. Using NYU Stern’s brand call to action, we want to know how you view change. Change: _____ it. Fill in the blank with a word of your choice. Why does this word resonate with you? How will you embrace your own personal tagline while at Stern? Examples:
- Change: Dare it.
- Change: Dream it.
- Change: Drive it.
- Change: Empower it.
- Change: Manifest it.
- Change: [Any word of your choice] it.
Essay 2: Personal Expression (a.k.a. “Pick Six”)
Introduce yourself to the Admissions Committee and to your future classmates using six images and corresponding captions. The Pick Six is a way to share more about the qualities you will bring to the Stern community, beyond your professional and academic achievements. Your uploaded PDF should contain all of the following elements:
- A brief introduction or overview of your “Pick Six” (no more than 3 sentences).
- Six images that help illustrate your interests, values, motivations, perspective and/or personality.
- A one-sentence caption for each of the six images that helps explain why they were selected and are significant to you.
Note: Your visuals may include photos, infographics, drawings, or any other images. Your document must be uploaded as a single PDF. The essay cannot be sent in physical form or be linked to a website.
Essay 3: Additional Information (optional, 500 words max)
Please provide any additional information that you would like to bring to the attention of the Admissions Committee and/or give context to your application. This may include important aspects of yourself not otherwise apparent in your application, including but not limited to: hardships you have encountered, current or past gaps in employment, further explanation of your undergraduate record or self-reported academic transcript(s), plans to retake the GMAT, GRE, Executive Assessment, IELTS or TOEFL, or any other relevant information.
Resume
The CV for applicants should include full-time work and post-university work experiences. Education, internships, part-time positions, and extra curriculars should also be included.
Interview
Interviews are availably by invitation only. If you’re invited to an interview, you will receive instructions and schedule it through the application status page.
Application Fee
All applicants are required to pay a nonrefundable application fee of $250.
PROGRAM STRENGTHS
Change: Studio
NYU Stern has created an innovative, co-curricular program meant to support MBA students as they develop in understanding, impacting, and driving change. Curriculum is designed around a “Dare it. Dream it. Drive it.” type of programing.
Dare it – The Dare it curriculum integrates methods meant to develop leadership skills amongst students.
Dream it – Stern’s Dream it curriculum revolves around the idea that innovative ideas can help solve real problems. From Stern Solutions to Case Competitions, students can participate in programing meant to help them develop their resiliency in the face of change.
Drive it – In order to prepare for the future, students need to understand that change requires innovation. Labs, bootcamps, and entrepreneurial challenges have all been designed in order to develop the innovative mentalilty of students.
Global Programs
Stern knows that successful Students graduate with a global mindset. Because of this, Stern offers various Global programing to students to take advantage of:
DBi – The “Doing Business in …” Program takes place between January and May and take place in either one or two-week stints. These are intesive courses which give students an opportunity to participate in corporate visits, speakers, and cultural visits around the globe. This program takes students to Central America, South America, Eruope, Africa and Asia & the Pacific.
Global Courses – Courses are offered to students that culminate in a trip for all participants. Such courses include ‘The Craft & Commerce of Cinema” where students take a trip to the Cannes Film Festival at the end of the semester or “Operations: Panama Canal” where students at the end of the course take a trip to Panama.
Study Abroad Semester Exchange Program – For students who wish to have a more extended global experince, Stern offers study abroad programs. These programs take place during the fall or spring and are located in over 29 different countries and at one of Stern’s exchange partner universities.
STUDENT LIFE
There are over 40 different student led clubs which the Stern community offers its students. Whether students are interested in joining professional clubs, such as the Emerging Markets Association (EMA) or the Business Analytics Club (BAC), or they have special interests, such as arts, adventure, wine, or football, Stern’s student run clubs have it all!
On top of that, Stern’s unique location in the heart of New York City means that students have access to a never ending array of cultural and professional opportunities right at their fingertips.
MBA PROGRAM OVERVIEW
The full-time MBA program at NYU Stern is 2-years in length and requires 60 credits to finish with a strong focus on flexibility. Students studying in New York City will be able to use the theoretical knowledge gained during their studies to help solve real world problems. Students part of the program are all willing to put their intellecutal minds to use in order to ‘master chane’ and ‘Spark transformation’. NYU Stern emphases the ability for their students to not only understanding change, but to also be at the forefront of change.
First Year
During their first year at NYU Stern, full-time MBA students need to take 2 required courses. Students are allowed to choose 5 additional core classes out of a list of 8.
Fall Semester
- Financial Accounting & Reporting
- Statistics & Data Analysis
Additional Core Classes
- Business Analytics
- Firms & Markets
- Foundations of Finance
- The Global Economy
- Leadership in Organizations
- Marketing
- Operations Management
- Strategy (I & II)
Second Year
During their second year, students at NYU Stern can specialize in up to 3 different areas chosen from an extensive list. Additionally, they have a choice of electives from over 200 to choose from.
Students can choose to take classes outside of the Stern School of Business, and can take up to 25% of their courses from other NYU graduation programs. Students may also participate in study abroad and exchange programs where they can study at various universities around the globe.
Summer internships after the first year are also common. With Stern’s broad campus recruiting program, students who wish to participate in a summer internship are often able to find an opportunity to do just that.
FEATURED PROFESSORS
Tulin Erdem
Professor Erdem has been a part of the NYU Stern since 2006. She is currently a professor of Business and professor of Marketing as well as the Chair of the Marketing Department. Her research areas are in the field of advertising, brand management and equity, consumer choice, customer relationship management, decision-making, and econometric modeling and pricing.
She is well published, having written numerous papers in relevent journals and has been the recipient of two National Science Foundation Grants. She has an extensive academic background having received her B.A. in Economics from Bogazici University, her M.A. and A.B.D. in Economics from University of Alberta, and her PhD in Business Administration from the University of Alberta. Some of her publications include ‘Modeling the Intra-Household Behavioural Interaction’ published in the Journal of Marketing Research (2010) and ‘Learning Models: An Assessment of Progress, Challenges and New Developments’ in Marketing Science (2013) among others.
Stephen C. Figlewski
Professor Figlewski joined NYU Stern in 1976. He is currently Profesor Emeritus of Finance and has a history teaching undergraduate, MBA and PhD sutdents. He is well published having written numerous books and journal articles.
While working at Stern he also was Vice President at teh First Boston Corporation, where he was responsible for equity derivatives research. His current research interests include Options, Futures, and All Other Derivatives and Information and Financial Markets. He received his B.A. in economics from Princeton University and a PhD in Economics from the Massachusetts Institute of Technology.
His published books titles are: “Risk Management: The State of the Art”, “Financial Options: From theory to practice”, and “Hedging with Financial Futures for Instutitional Investory: From Theory to Practice”.