{"id":45213,"date":"2019-04-12T06:30:16","date_gmt":"2019-04-12T13:30:16","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=45213"},"modified":"2019-05-13T05:14:29","modified_gmt":"2019-05-13T12:14:29","slug":"nyu-sterns-new-online-masters-in-quantitative-management-episode-306","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/nyu-sterns-new-online-masters-in-quantitative-management-episode-306\/","title":{"rendered":"NYU Stern\u2019s New Online Masters in Quantitative Management [Episode 306]"},"content":{"rendered":"\n
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Merging two hot new programs \u2014 analytics and management \u2014 as well as online delivery so that you don\u2019t need to leave the workforce, NYU Stern has created a new exciting entry in the master\u2019s in management and data analytics space. Let\u2019s learn about it from the Vice-Dean for Online Education at NYU Stern.<\/p>\n\n\n\n

Interview with Kim Corfman, vice dean for online learning at NYU Stern [Show Summary]<\/h2>\n\n\n\n

In this interview with Dr. Kim Corfman, Vice Dean of Online Learning at NYU Stern, she discusses Stern\u2019s brand-new online option in graduate management education. Aimed at early-career applicants, the program merges two degrees in demand: data analytics and a master\u2019s in management.<\/p>\n\n\n\n

NYU Stern\u2019s new online master\u2019s in quantitative management [Show Notes]<\/h2>\n\n\n\n

Our guest today is Dr. Kim Corfman. She is a Professor of Marketing, NYU Stern\u2019s Vice Dean for Online Learning, and Academic Director of Stern\u2019s MBA in Fashion & Luxury. She has served previously as Vice Dean for MBA Programs, Academic Director of the Langone Part-Time MBA Program, and coordinator of the doctoral program in marketing. Needless to say she knows a ton about management education and NYU Stern, and as I mentioned, today we\u2019re going to talk about Stern\u2019s brand new MS in Quantitative Management<\/a>.<\/p>\n\n\n\n

What is the Master\u2019s in Quantitative Management at NYU Stern? Can you provide an overview? [2:10]<\/h3>\n\n\n\n

The program is a combination of things we\u2019ve never done before and is designed for a market need we didn\u2019t feel was being met. It is for people without business degrees, and combines the business essentials (essentially MBA core courses) with an emphasis on analytics. It is designed to help professionals become more able to use data, which is very important to their professional success \u2013 how to ask for data, analyze it, and make decisions from it. It is online and you can attend from anywhere, with two short residential immersions each August, offering the chance to meet the cohort and do interactive face-to-face work. The program is lockstep and fits well with working professionals\u2019 schedules, and can reach people all over the world.<\/p>\n\n\n\n

Business Analytics master\u2019s programs have been mushrooming and the number of master\u2019s in management programs have also increased. How did NYU Stern decide to combine analytics, management, and online in one distinctive program that a student can complete in 20 months. [4:11]<\/h3>\n\n\n\n

We could have developed an online master\u2019s in management, but are sensitive to the fact that most of our MBA students find the most benefit to their careers from more analytics than they thought they needed. It is critical everywhere and the new business essential. Any working professional has greater demands on their time, but our format makes it much easier to do. In a given week it is self-paced, with optional synchronous Q&A sessions with faculty, and various deliverables each week.<\/p>\n\n\n\n

I realize that an undergraduate degree in business is not a requirement for this program, but what kind of coursework are you looking for on applicant transcripts? [5:42]<\/h3>\n\n\n\n

We are looking for people who know how to do well in whatever they have done in the past. They have taken courses that challenged them and have succeeded in them, and who know why they are taking this program. We take people with backgrounds in social science, liberal arts, natural science, engineering, everything. We don\u2019t require quantitative coursework per se, but applicants do have to take the GMAT<\/a>, so a quantitative assessment is part of the process.<\/p>\n\n\n\n

What else are you looking for in the admissions process? [6:45]<\/h3>\n\n\n\n

Applicants who know why they are doing this, and that it fits with their objectives. We also want good community members. While this program is online it has the same needs \u2013 students are working in virtual teams throughout the program.<\/p>\n\n\n\n

On the Stern website, the MSQM is listed as an \u201cearly career program.\u201d Can you define that? Is relevant work experience optional? What is the maximum amount of work experience that you would consider? [8:16]<\/h3>\n\n\n\n

We don\u2019t require any work experience. We are open to applicants who have just graduated from college and even with no internships. No academic or professional background is required, but a plan is important<\/a>. It may be someone who wants a business career but doesn\u2019t have one yet, or someone in an entry-level job that needs the business basics and has an appreciation for the importance of using data. There is no maximum amount of experience but the program is definitely not for mid-career or more senior professionals.<\/p>\n\n\n\n

Can you describe the application process for the MSQM? [10:18]<\/h3>\n\n\n\n

It is much like the application process for the MBA. We ask about academic background and professional background. There is one essay where we ask about the applicant\u2019s career plan and how the program fits<\/a> into that. We have an optional essay for anything additional the applicant feels is important to tell us, and a recommendation. Some applicants are invited to interview if we are not 100% sure if they would be a good fit, but most are admitted without an interview. Interviews can be done online or in person.<\/p>\n\n\n\n

How does the MSQM differ from an MBA with a focus on analytics or NYU Stern\u2019s MS in Business Analytics for Experienced professionals? [11:57]<\/h3>\n\n\n\n

Our MBA students all have work experience, take the same core, essentially, with a few additional courses that are electives. The MSQM is lockstep so has no electives, which is a big difference. If someone wants to explore additional functional areas like finance or marketing they will not have the opportunity to do that beyond the core course. The MSQM is also half the number of credits.<\/p>\n\n\n\n

What if an MSQM student or graduate decides they want an MBA? Will Stern give them credit for their MSQM coursework? [13:00]<\/h3>\n\n\n\n

They can\u2019t get credit if they have already been granted the degree, which is a rule we are stuck with. However, if they want to make the transition to the part-time MBA program before the MSQM is granted we will transfer all of their credits. This is why we made the application process so similar \u2013 we don\u2019t want to admit people to the MSQM program whom we would not admit to the MBA program<\/a>.<\/p>\n\n\n\n

What size do you anticipate for the inaugural class of 2020? What do you see going forward? [14:12]<\/h3>\n\n\n\n

We are capping the first class at 50 to remain nimble. A smaller group means we can adjust on the fly if necessary. Ultimately we won\u2019t have cohorts larger than 50 but may have multiple cohorts.<\/p>\n\n\n\n

Any discussion at NYU Stern about additional online degree programs? [14:40]<\/h3>\n\n\n\n

We have five online certificate programs already and will develop more in the next year or so. In terms of an online MBA, it seems unlikely. We do have online content for pre-MBA content and online primers.<\/p>\n\n\n\n

At the time the show airs, the next and last application deadline will be May 15 for the inaugural class starting in August 2019. Any advice for those interested in the MSQM and starting in August? [15:53]<\/h3>\n\n\n\n

Finish your application and get it in!<\/p>\n\n\n\n

What about those planning ahead to apply next year? How can they prepare? [16:51]<\/h3>\n\n\n\n

Take the GMAT or GRE, and if you don\u2019t like your score, take it again.<\/a> We only take the highest score. Be thoughtful about your reasons for wanting to attend, and take time with your essay. If you don\u2019t have a math background, taking some time to brush up would be helpful as it will really benefit you while in the program.<\/p>\n\n\n\n

What is the most exciting part of launching this program to you? [17:43]<\/h3>\n\n\n\n

It is exciting to combine business, analytics, and online. It is also exciting that we have signed up faculty who are among the best at Stern, who are excited to go through the process of developing online courses. We have an in-house learning science lab with experts in edtech and an in-house studio, and we are producing all of these ourselves. It takes about three months to produce a course from start to finish, and it is interesting taking a learning objective and exploring the tools available to achieve them in an online setting.<\/p>\n\n\n\n

What is a frequently asked question about the program that surprised you since announcing the MSQM? [22:14]<\/h3>\n\n\n\n

\u201cWill it say online on my diploma and transcript?\u201d It won\u2019t, and the program will be just as good, and in some ways better, than a traditional program. Someday I hope \u201conline\u201d won\u2019t imply \u201cinferior.\u201d<\/p>\n\n\n\n

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Related Links:<\/strong><\/p>\n\n\n\n

\u2022 NYU Stern MS in Quantitative Management<\/a>
\u2022 NYU Stern MBA Application Essay tips<\/a>
\u2022 Accepted\u2019s Admissions Consulting Services<\/a><\/p>\n\n\n\n

Related Shows:<\/strong><\/p>\n\n\n\n

\u2022 Exploring London Business School\u2019s Master\u2019s in Analytics and Management<\/a>
\u2022 Early Career Management and European MBA Programs with Jamie Wright<\/a>
\u2022 The Berkeley MFE: One Tough Program with Amazing Opportunities for Grads<\/a>
\u2022 UCLA\u2019s MS in Business Analytics: Prep for the Sexiest Job of the 21st Century<\/a>
\u2022 MIT Sloan Master\u2019s in Finance: How to Get In! <\/a><\/p>\n\n\n\n

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This article<\/a> originally appeared on blog.accepted.com<\/a>.<\/em><\/p>\n\n\n\n

Applying to a top b-school? The talented folks at Accepted have helped hundreds of applicants get accepted to their dream programs. Whether you are figuring out where to apply, writing your application essays, or prepping for your interviews, we are just a call (or click) away.<\/em><\/p>\n\n\n\n

Contact us, and get matched up with the consultant who will help you get accepted<\/a>!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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