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In this post, you will find all the relevant information for the NYU Stern School of Business. The post provides information on key aspects of Stern: its academics, culture and student clubs, scholarships, and career report.
Stats
Rankings
Introduction
As per the official website, below are the values of Stern:
The NYU Stern School of Business offers a midsized MBA program with approximately 324 students in the Class of 2024. Despite its size, the school fosters a close-knit community through various initiatives such as mandatory pre-term orientation, the block system, and study groups. Students, known affectionately as "Sternies," value the collaborative and supportive culture at Stern, which emphasizes forming deep connections within the community. The school is committed to diversity and provides resources and events for underrepresented minorities, international students, and women, including networking opportunities, cultural clubs, and conferences.
The Leonard N. Stern School of Business at NYU is situated in Greenwich Village, offering students a vibrant and diverse environment surrounded by the iconic Washington Square Park. While Stern provides on-campus housing options, many students opt for off-campus living arrangements due to limited availability. Popular areas for off-campus living include Midtown, the East Village, and Greenwich Village.
NYU's Housing Office assists students in finding accommodation, acknowledging the challenges of New York City's rental market. Rental prices vary widely depending on factors like location and building amenities. Despite the high cost of living, students appreciate the benefits of living in NYC, such as access to job opportunities and cultural experiences.
The city's extensive public transportation network makes commuting convenient for Stern students, who value the school's location for its proximity to industry professionals, internship opportunities, and networking events. Overall, living in New York City enhances the Stern experience, offering unparalleled resources and opportunities both inside and outside the classroom.
Academics
The MBA program at Stern follows a structured yet flexible approach, comprising both core courses and electives, typical of many business schools. The academic year is divided into fall and spring semesters, with varying credit courses ranging from three-credit classes spanning an entire semester to 1.5-credit classes lasting for half a semester. Stern offers students flexibility in opting out of core courses based on their academic background through proficiency exams or waiver criteria, allowing them to tailor their curriculum early on.
The first-year curriculum includes two required core classes—“Financial Accounting and Reporting” and “Statistics and Data Analysis”—and students must choose at least five core courses from a menu, covering areas such as business analytics, finance, marketing, and strategy. This flexibility enables students to specialize early on, though they should be mindful of prerequisites for elective courses, as opting out of core classes may impact eligibility for certain electives.
Beyond academics, the core curriculum fosters relationships and networking opportunities among students, known as "blocks," which often lead to lasting friendships and support systems. Graduation requirements include completing 60 credits, with the option to earn up to 25% of credits from approved courses at other NYU schools. While students aren't required to choose a major, they can declare up to three specializations from a list of 27, though all students graduate with an MBA in general management.
The curriculum adapts to changing industry demands, with new specializations introduced over time. For instance, recent additions include Healthcare and Brand Management specializations. Overall, Stern’s MBA program offers a comprehensive yet adaptable educational experience designed to prepare students for success in diverse business environments.
Below are the MBA courses offered by Stern:
The Henry Kaufman Management Center (Kaufman), along with Shimkin and Tisch Halls, forms the heart of the NYU Stern campus, accommodating both graduate and undergraduate business programs. Kaufman is named in honor of Henry Kaufman, an NYU alumnus and generous supporter of the school. In 2008, NYU embarked on the Concourse Project, a $35 million renovation aimed at modernizing facilities and unifying the campus. Completed in 2010, the project transformed Kaufman into a modern hub for academic and communal activities.
Kaufman houses classrooms, meeting rooms, study areas, and administrative offices, including the Salomon Center for the Study of Financial Institutions and the Alumni Relations office. The sixth floor is described as the "hub of MBA activity," hosting essential services such as the Admissions Office and Academic Advising, along with student amenities like computer terminals and lockers.
Students enjoy access to various facilities within Kaufman and Tisch, all equipped with wireless internet. While certain areas are designated for MBA students only, undergraduates also have access to most parts of the Stern campus. Outdoor spaces like Gould Plaza and fourth-floor patios provide opportunities for relaxation and fresh air.
Despite some lighthearted complaints about restroom availability and dated classrooms, students generally praise the school's facilities, noting improvements over time. While food options on campus are limited, students appreciate the abundance of dining choices in New York City. Overall, Stern's facilities, including its modern technology and collaborative spaces, contribute to a positive learning and social environment.
Culture and Student Clubs
In recent years, approximately 30% of Stern graduates have embarked on careers in the consulting industry upon completing the MBA program, making it the most sought-after field in 2022, followed closely by investment banking at 27.2%. While Stern doesn't offer a specific consulting specialization, it provides several relevant specializations such as Business Analytics, Strategy, and Supply Chain Management, along with numerous elective courses tailored to the consulting field.
Students keen on consulting can enhance their skills through various avenues, including the Stern Consulting Corps (SCC), which offers hands-on experience via internships with renowned consulting firms or nonprofit organizations. The SCC enables students to tackle real-world business challenges, develop actionable strategies, and make a meaningful impact. Past projects range from social entrepreneurship initiatives to market research for companies like Raus Coffee and the International Rescue Committee.
Stern's Management Consulting Association (MCA) and Management and Strategy Club play pivotal roles in preparing students for consulting careers. The MCA hosts boot camps, mock interviews, and networking events with leading consulting firms, while the Management and Strategy Club focuses on education and career development across all industries, offering insights into operations and strategic planning through industry panels and company networking events.
In 2022, consulting firms like the Boston Consulting Group, Deloitte, and McKinsey & Company hired significant numbers of Stern graduates, with 31.2% of the Class of 2022 entering the industry. Notably, five of the top ten companies hiring Stern students were consulting firms, underscoring Stern's strong reputation and track record in preparing students for successful careers in consulting.
The finance resources available at Stern cater extensively to students aspiring to pursue careers in finance, evident from the substantial portion of graduates entering finance-related industries, which stood at 34.4% in 2022. The finance department, the largest academic department at Stern, boasts a distinguished faculty, including Nobel Laureate Robert Engle and renowned experts like Nouriel Roubini and Aswath Damodaran.
The Salomon Center for the Study of Financial Institutions, founded in 1972, serves as a hub for financial research, hosting conferences and events that bring together academics, practitioners, and policymakers to explore contemporary financial issues. It supports various research initiatives, including those focused on financial policy, credit markets, and alternative investments. Additionally, the Volatility and Risk Institute, directed by Nobel Laureate Robert Engle, concentrates on studying risk in financial markets and conducts research on systemic risk and risk management.
Stern offers over 50 finance courses covering diverse topics, ranging from foundational courses like "Foundations of Finance" to specialized ones like "Global Value Investing." The school provides eleven specializations directly relevant to finance careers, including Corporate Finance, Financial Instruments & Markets, and Real Estate.
One standout elective is "Managing Investment Funds," where students manage the Michael Price Student Investment Fund (MPSIF), valued at approximately $2.5 million as of April 2023. Outside the classroom, students can engage with organizations like the Stern Investment Management & Research Society (SIMR) and the Graduate Finance Association (GFA), which offer opportunities for networking, skill development, and participation in competitions and industry events.
The GFA, with a membership of over 6,800 students and alumni, organizes seminars, lunch & learn sessions, and an annual conference, providing valuable insights into various finance-related careers. Notably, many top financial firms actively recruit Stern graduates, with ten financial organizations among the top employers for the Class of 2022, including Credit Suisse, J.P. Morgan, and Goldman Sachs.
Stern's robust finance ecosystem, comprising academic resources, research centers, student organizations, and industry connections, equips students with the knowledge, skills, and networking opportunities necessary for successful careers in finance.
Stern's comprehensive core curriculum ensures that students receive a solid foundation in general management concepts right from the start, with courses like "Leadership in Organizations," "Strategy," "Operations Management," and "Firms and Markets." Designed for those aspiring to become senior managers in various industries, the Management specialization at Stern emphasizes both strategy and organizational management. This track offers courses such as "Game Theory," "Managing by Design," "Leadership Models," and "Managing the Growing Company," with students having access to over 40 relevant courses.
Alternatively, students can opt for the Management of Technology and Operations specialization, which delves into topics like "Operational Risk," "IT in Supply Chains," "Information Technology Strategy," and "Managing the Digital Firm." Other specializations offered at Stern that may interest future managers include Business Analytics, Leadership and Change Management, and Supply Chain Management and Global Sourcing.
To support students aspiring to managerial roles, Stern provides resources like the Management Consulting Association and the Management and Strategy Club. Additionally, students interested in general management careers can engage in programs like the Stern Consulting Corps and Stern Board Fellows. Through the Stern Board Fellows program, students are matched with nonprofit organizations in New York City, where they serve as nonvoting board members for a year, working on strategic planning and marketing projects.
In terms of post-graduation outcomes, around 4.5% of Stern graduates in 2022 entered positions with a general management function, with notable employers including Amazon, American Express, Citi, Google, JPMorgan, Microsoft, and Pfizer, Inc. These statistics underscore Stern's commitment to preparing students for success in managerial roles across various industries.
Stern’s dedication to fostering entrepreneurship is evident through various initiatives and resources available to students. While one student in the 2022 employment report opted to start a new business instead of seeking post-graduate employment, the school boasts a faculty directory listing 30 professors with expertise in entrepreneurship. Students pursuing the Entrepreneurship and Innovation specialization have access to courses like “Foundations of Entrepreneurship” and “Entrepreneurial Finance,” along with elective options such as “Entrepreneurship & the New Economy” and “Social Problem-Based Entrepreneurship.” Feedback from students highlights Stern’s commitment to nurturing entrepreneurial aspirations, despite not being located in Silicon Valley.
The Berkley Center for Entrepreneurship serves as the central hub for entrepreneurial activities on campus, offering educational resources, programming, and serving as a "venture design studio" for innovative thinkers and leaders. Among its flagship programs is the NYU Entrepreneurs Challenge, an eight-month competition comprising three components, culminating in approximately $225,000 in start-up funds and technical assistance awarded to winners. Notable winners include MuseTax and TrovBase in recent years.
The Technology Venture Competition, part of the Entrepreneurs Challenge, awards $75,000 in cash to technology-based businesses developed by NYU students or faculty. Winners like StepWise and Baton showcase the innovative spirit of Stern’s entrepreneurial community. Additionally, the Social Venture Competition, formerly part of the Entrepreneurs Challenge, awarded $50,000 to ventures addressing social problems, with winners like ONE432 and bloc exemplifying social entrepreneurship.
Through the Stern Venture Fellows program, students and alumni working on new ventures receive guidance and support from seasoned mentors, further enhancing the entrepreneurial ecosystem at Stern. The school's entrepreneurship-focused student clubs complement these efforts, providing additional opportunities for collaboration and learning. Overall, Stern’s comprehensive approach to entrepreneurship empowers students to turn their ideas into impactful ventures, supported by a robust network of resources and mentorship.
The Entertainment and Media specialization at NYU Stern offers a comprehensive blend of classroom instruction and practical experience tailored to students interested in pursuing careers in these dynamic industries. With nearly 50 professors specializing in Entertainment, Media, and Technology, and over 40 courses offered in this field, Stern ensures a robust educational experience. Required courses like “Entertainment & Media Industries” set the foundation, while electives such as “Social Media and Mobile Technologies” and “Digital Transformations in Media and Entertainment” allow students to tailor their studies to their interests.
The Entertainment, Media, and Sports Association (EMSA) plays a crucial role in complementing academic learning with real-world exposure. Through hosting company speakers, networking events, and an annual conference, EMSA facilitates interactions between students and senior executives from leading companies in the industry. Notable past speakers include Martha Stewart and Mark Cuban, among others. Events range from financial modeling workshops to internship panels and mock interview days, providing students with diverse learning opportunities.
EMSA also organizes career treks to cities like Los Angeles and San Francisco, allowing members to visit top companies and studios such as Creative Artists Agency and Warner Brothers. The annual MBA Media and Entertainment Conference, organized jointly with Columbia Business School, features keynote speakers and panel discussions on pertinent industry topics, offering valuable insights and networking opportunities.
Stern's Andre Koo Tech MBA, named after a prominent alum, equips students with a unique blend of business and technology expertise. Graduates of Stern in 2022 saw 4.0% entering roles in entertainment/media/sports industries and 17.0% in technology and telecommunication industries. Firms hiring Stern graduates in these sectors include Creative Artists Agency, Google, NBC Universal, Spotify, and the Walt Disney Company, highlighting the strong industry connections and opportunities available to Stern students pursuing careers in entertainment, media, and technology.
The Global Business specialization caters to students interested in incorporating an international dimension into their MBA studies, with courses like "Global Strategy" and "Monetary Policy, Banks, and Central Bank."
For students seeking global immersion, Stern provides various study abroad opportunities, ranging from short trips through the "Doing Business in..." (DBi) courses to semester-long exchange programs with approximately 50 partner business schools worldwide. DBi courses offer a mix of lectures by Stern faculty and local practitioners, coupled with hands-on field experiences with local businesses. Previous destinations include China, Mexico, Argentina, and South Africa, providing students with diverse cultural and business perspectives.
Students interested in longer-term study abroad options can spend a semester at any of Stern's partner schools within the Partnership in International Management network, spanning 29 countries. Outside the classroom, Stern boasts a diverse student body, with 44% of the Class of 2024 originating from countries other than the United States or holding dual citizenship. The school fosters cultural exchange through various regional clubs and associations, such as the Asian Business Society and the Latin American Business Association.
These clubs organize events like Passport Day, showcasing the diverse cultures represented at Stern, and career-focused treks to destinations like London and Asia, providing students with networking opportunities with leading firms. Moreover, Stern students benefit from the vibrant cultural landscape of New York City, with its myriad of ethnic neighborhoods, international festivals, and culinary delights, offering a truly immersive international experience.
Stern's commitment to global engagement is evident in its graduates' career paths, with a small but notable percentage accepting positions outside North America. In 2022, Stern's graduating class secured roles in Asia and the Middle East (2.3%), Europe (0.5%), and Latin America and the Caribbean (0.5%), underscoring the school's global reach and impact.
Stern School of Business at NYU offers a robust marketing curriculum, supported by nearly 90 professors dedicated to integrating their research into teaching to equip students with the skills to navigate the dynamic marketing landscape. With over 70 marketing courses covering diverse topics like consumer behavior, pricing, and new media, students gain a comprehensive understanding of marketing principles applicable across various industries.
Students have the opportunity to specialize in five marketing areas: Luxury Marketing, Marketing, Tech Product Management, Digital Marketing, and Entertainment and Media. The curriculum is designed to cater to both general marketing knowledge and industry-specific expertise, ensuring students are prepared for a range of marketing roles.
The Graduate Marketing Association (GMA), with over 500 members, plays a pivotal role in exposing students to marketing professionals and industry insights. Through Lunch & Learn sessions, Fireside Chats, and company visits, students engage with practitioners from leading companies like Dannon, American Express, and Johnson & Johnson, gaining valuable real-world perspectives.
The GMA's flagship event, the Graduate Marketing Association Conference, brings together students and industry leaders to explore cutting-edge marketing trends. Previous conferences have tackled themes like "The Age of Authenticity" and "Marketing for the Future," featuring keynote speeches from prominent marketing executives and panel discussions on relevant topics shaping the industry.
In recent years, 14.0% of Stern graduates secured roles in marketing and sales functions, reflecting the school's commitment to preparing students for successful careers in marketing. Companies recruiting at Stern for marketing positions include American Express, Johnson & Johnson, PepsiCo, and Unilever, providing students with diverse opportunities in the field.
The Social Enterprise Program at NYU Stern has gained significant traction, both academically and extracurricularly, with increased interest from students across the MBA programs. Stern offers a Sustainable Business and Innovation specialization, featuring courses like "Social Entrepreneurship and Sustainable Development" and "Strategy with a Social Purpose," aimed at equipping students with the skills to address social and environmental challenges through business solutions.
The Center for Business and Human Rights, a pioneering initiative at Stern, emphasizes human rights as integral to the global economy. Through research projects and teaching activities, the center encourages practical progress on human rights issues within the business world.
Extracurricular resources such as the Stern Consulting Corps provide students with opportunities to engage in consulting projects with nonprofits, contributing their skills to organizations like the Coalition for the Homeless and City Harvest.
The annual Social Innovation Symposium, organized in collaboration with NYU's Law and Policy Schools, features keynote speeches, panel discussions, and networking sessions on topics like sustainable investing, crisis-driven innovation, and human-centered capitalism.
Stern's Social Impact and Sustainability Association (SISA), affiliated with Net Impact, attracts a significant portion of each class, offering resources and educational opportunities for students passionate about socially responsible business practices.
The Social Impact Internship Fund (SIIF) provides financial support to students undertaking unpaid or low-paying internships in the social sector. Students have interned at organizations like Teach for America, the National Park Service, and NYU Langone Medical Center.
In 2019, Stern introduced the Change:Studio program, focusing on experiential learning, entrepreneurship, and leadership development to equip MBAs with the skills to drive positive change in society.
While Stern's 2020 employment report indicated that 0.7% of graduates accepted jobs in nonprofit and education sectors, specific percentages were not reported for 2021 and 2022. However, notable organizations hiring Stern students for such roles include the United Nations, Education Pioneers, and the Environmental Defense Fund, reflecting the school's commitment to producing socially conscious business leaders.
Stern's Real Estate specialization offers a range of courses like "Real Estate Primary Markets" and "Real Estate Development and Entrepreneurship," housed within the finance department and supported by the Center for Real Estate Finance. Additionally, students can access targeted courses at the NYU Schack Institute of Real Estate and other schools within NYU, broadening their understanding of real estate. The Stern Real Estate Club (REC) provides networking opportunities and industry insights through events, tours, and case competitions. While 0.4% of Stern's 2022 graduates entered the real estate industry, notable firms hiring Stern students include Tishman Speyer, Boston Properties, and Kushner Companies.
Stern School of Business offers extensive resources for students interested in careers within the retail and luxury goods industry, leveraging its location in New York City, a fashion hub. The Luxury Marketing specialization provides courses like "Innovation and Design" and "Brand Strategy," while the "Doing Business in Italy: Luxury, Retail and Branding" course offers firsthand industry exposure. The Luxury and Retail Club facilitates networking and organizes an annual conference featuring industry executives discussing topics like "Digital Marketing and Loyalty" and "E-Commerce Innovation." The Fashion and Luxury MBA program, launched in 2018, provides specialized education with courses ranging from "Next Generation Fashion" to "Retail Strategy and Analytics." While 0.4% of the Class of 2022 entered the retail industry, notable firms hiring Stern students include Burberry, Louis Vuitton, and Nike.
Scholarships
Official PostStern FT MBA Complete Information: 2023-2024
In this post, you will find all the relevant information for the NYU Stern School of Business. The post provides information on key aspects of Stern: its academics, culture and student clubs, scholarships, and career report.
Table of Contents
Stats
| NYU Stern School of Business | |
| School Name | Stern |
| US News Ranking | 10 |
| Applicants | 3553 |
| Accepted | 962 |
| Enrolled | 324 |
| Acceptance | 27% |
| Yield Rate | 34% |
| GPA | 3.6 |
| Average WE | 60 |
| % GMAT | 49% |
| Average GMAT | 733 |
| Median GMAT | 740 |
| GMAT Domestic | 723 |
| GMAT International | 748 |
| % GRE | 21% |
| Average GRE Q | 163 |
| Average GRE V | 162 |
| Employed at Graduation | 87% |
| Employed 3 Months | 94% |
| Average Salary | $161,475 |
| Average Bonus | $40,936 |
| Salary and Bonus | $196,143 |
Rankings
| US News Ranking Data | |
| Year | Ranking |
| 2024 | 10 |
| 2023 | 12 |
| 2022 | 10 |
| 2021 | 10 |
| 2020 | 12 |
Introduction
As per the official website, below are the values of Stern:
- Excellence, Unbound by Tradition
- People choose us because we are bold, nimble, fearless, hip, edgy, and innovative – a School rooted in rigor, yet on the cutting edge.
- IQ + EQ
- Our intelligent, street-smart community reveres diversity, inclusion, equity, and belonging of all people and ideas.
- Radically Responsible
- The unequivocal belief in the power of business to improve society is built directly into our culture and curriculum.
- Uncommonly Connected
- With our NYC location and access to NYU’s global network, we build deep connections with industry worldwide that yield both experiential learning projects and jobs.
The NYU Stern School of Business offers a midsized MBA program with approximately 324 students in the Class of 2024. Despite its size, the school fosters a close-knit community through various initiatives such as mandatory pre-term orientation, the block system, and study groups. Students, known affectionately as "Sternies," value the collaborative and supportive culture at Stern, which emphasizes forming deep connections within the community. The school is committed to diversity and provides resources and events for underrepresented minorities, international students, and women, including networking opportunities, cultural clubs, and conferences.
The Leonard N. Stern School of Business at NYU is situated in Greenwich Village, offering students a vibrant and diverse environment surrounded by the iconic Washington Square Park. While Stern provides on-campus housing options, many students opt for off-campus living arrangements due to limited availability. Popular areas for off-campus living include Midtown, the East Village, and Greenwich Village.
NYU's Housing Office assists students in finding accommodation, acknowledging the challenges of New York City's rental market. Rental prices vary widely depending on factors like location and building amenities. Despite the high cost of living, students appreciate the benefits of living in NYC, such as access to job opportunities and cultural experiences.
The city's extensive public transportation network makes commuting convenient for Stern students, who value the school's location for its proximity to industry professionals, internship opportunities, and networking events. Overall, living in New York City enhances the Stern experience, offering unparalleled resources and opportunities both inside and outside the classroom.
Academics
The MBA program at Stern follows a structured yet flexible approach, comprising both core courses and electives, typical of many business schools. The academic year is divided into fall and spring semesters, with varying credit courses ranging from three-credit classes spanning an entire semester to 1.5-credit classes lasting for half a semester. Stern offers students flexibility in opting out of core courses based on their academic background through proficiency exams or waiver criteria, allowing them to tailor their curriculum early on.
The first-year curriculum includes two required core classes—“Financial Accounting and Reporting” and “Statistics and Data Analysis”—and students must choose at least five core courses from a menu, covering areas such as business analytics, finance, marketing, and strategy. This flexibility enables students to specialize early on, though they should be mindful of prerequisites for elective courses, as opting out of core classes may impact eligibility for certain electives.
Beyond academics, the core curriculum fosters relationships and networking opportunities among students, known as "blocks," which often lead to lasting friendships and support systems. Graduation requirements include completing 60 credits, with the option to earn up to 25% of credits from approved courses at other NYU schools. While students aren't required to choose a major, they can declare up to three specializations from a list of 27, though all students graduate with an MBA in general management.
The curriculum adapts to changing industry demands, with new specializations introduced over time. For instance, recent additions include Healthcare and Brand Management specializations. Overall, Stern’s MBA program offers a comprehensive yet adaptable educational experience designed to prepare students for success in diverse business environments.
Below are the MBA courses offered by Stern:
- MBA PROGRAMS
- Full-time MBA
- General MBA
- Full-time
- 2 years
- 60 credits
- Andre Koo Technology and Entrepreneurship MBA
- Focused MBA
- Full-time
- 1 year
- 52 credits
- Fashion & Luxury MBA
- Focused MBA
- Full-time
- 1 year
- 52 credits
- Part-time MBA
- General MBA
- Part-time
- 2-6 years to complete
- 60 credits
- Fall and Spring intakes
- Dual Degrees
- MD/MBA
- JD/MBA
- MBA/MFA
- MBA/MPA
- Stern at NYUAD MBA
- Full-time, general MBA
- 1 year
- Abu Dhabi-based
- Summer term in NYC
- 54 credits
- MS PATH TO MBA
- MS in Quantitative Management (MSQM)
- Part-time, Online
- MBA Core + Analytics Essentials
- 20 months
- 33 credits
- Potential to transfer to the Part-time MBA
The Henry Kaufman Management Center (Kaufman), along with Shimkin and Tisch Halls, forms the heart of the NYU Stern campus, accommodating both graduate and undergraduate business programs. Kaufman is named in honor of Henry Kaufman, an NYU alumnus and generous supporter of the school. In 2008, NYU embarked on the Concourse Project, a $35 million renovation aimed at modernizing facilities and unifying the campus. Completed in 2010, the project transformed Kaufman into a modern hub for academic and communal activities.
Kaufman houses classrooms, meeting rooms, study areas, and administrative offices, including the Salomon Center for the Study of Financial Institutions and the Alumni Relations office. The sixth floor is described as the "hub of MBA activity," hosting essential services such as the Admissions Office and Academic Advising, along with student amenities like computer terminals and lockers.
Students enjoy access to various facilities within Kaufman and Tisch, all equipped with wireless internet. While certain areas are designated for MBA students only, undergraduates also have access to most parts of the Stern campus. Outdoor spaces like Gould Plaza and fourth-floor patios provide opportunities for relaxation and fresh air.
Despite some lighthearted complaints about restroom availability and dated classrooms, students generally praise the school's facilities, noting improvements over time. While food options on campus are limited, students appreciate the abundance of dining choices in New York City. Overall, Stern's facilities, including its modern technology and collaborative spaces, contribute to a positive learning and social environment.
Culture and Student Clubs
In recent years, approximately 30% of Stern graduates have embarked on careers in the consulting industry upon completing the MBA program, making it the most sought-after field in 2022, followed closely by investment banking at 27.2%. While Stern doesn't offer a specific consulting specialization, it provides several relevant specializations such as Business Analytics, Strategy, and Supply Chain Management, along with numerous elective courses tailored to the consulting field.
Students keen on consulting can enhance their skills through various avenues, including the Stern Consulting Corps (SCC), which offers hands-on experience via internships with renowned consulting firms or nonprofit organizations. The SCC enables students to tackle real-world business challenges, develop actionable strategies, and make a meaningful impact. Past projects range from social entrepreneurship initiatives to market research for companies like Raus Coffee and the International Rescue Committee.
Stern's Management Consulting Association (MCA) and Management and Strategy Club play pivotal roles in preparing students for consulting careers. The MCA hosts boot camps, mock interviews, and networking events with leading consulting firms, while the Management and Strategy Club focuses on education and career development across all industries, offering insights into operations and strategic planning through industry panels and company networking events.
In 2022, consulting firms like the Boston Consulting Group, Deloitte, and McKinsey & Company hired significant numbers of Stern graduates, with 31.2% of the Class of 2022 entering the industry. Notably, five of the top ten companies hiring Stern students were consulting firms, underscoring Stern's strong reputation and track record in preparing students for successful careers in consulting.
The finance resources available at Stern cater extensively to students aspiring to pursue careers in finance, evident from the substantial portion of graduates entering finance-related industries, which stood at 34.4% in 2022. The finance department, the largest academic department at Stern, boasts a distinguished faculty, including Nobel Laureate Robert Engle and renowned experts like Nouriel Roubini and Aswath Damodaran.
The Salomon Center for the Study of Financial Institutions, founded in 1972, serves as a hub for financial research, hosting conferences and events that bring together academics, practitioners, and policymakers to explore contemporary financial issues. It supports various research initiatives, including those focused on financial policy, credit markets, and alternative investments. Additionally, the Volatility and Risk Institute, directed by Nobel Laureate Robert Engle, concentrates on studying risk in financial markets and conducts research on systemic risk and risk management.
Stern offers over 50 finance courses covering diverse topics, ranging from foundational courses like "Foundations of Finance" to specialized ones like "Global Value Investing." The school provides eleven specializations directly relevant to finance careers, including Corporate Finance, Financial Instruments & Markets, and Real Estate.
One standout elective is "Managing Investment Funds," where students manage the Michael Price Student Investment Fund (MPSIF), valued at approximately $2.5 million as of April 2023. Outside the classroom, students can engage with organizations like the Stern Investment Management & Research Society (SIMR) and the Graduate Finance Association (GFA), which offer opportunities for networking, skill development, and participation in competitions and industry events.
The GFA, with a membership of over 6,800 students and alumni, organizes seminars, lunch & learn sessions, and an annual conference, providing valuable insights into various finance-related careers. Notably, many top financial firms actively recruit Stern graduates, with ten financial organizations among the top employers for the Class of 2022, including Credit Suisse, J.P. Morgan, and Goldman Sachs.
Stern's robust finance ecosystem, comprising academic resources, research centers, student organizations, and industry connections, equips students with the knowledge, skills, and networking opportunities necessary for successful careers in finance.
Stern's comprehensive core curriculum ensures that students receive a solid foundation in general management concepts right from the start, with courses like "Leadership in Organizations," "Strategy," "Operations Management," and "Firms and Markets." Designed for those aspiring to become senior managers in various industries, the Management specialization at Stern emphasizes both strategy and organizational management. This track offers courses such as "Game Theory," "Managing by Design," "Leadership Models," and "Managing the Growing Company," with students having access to over 40 relevant courses.
Alternatively, students can opt for the Management of Technology and Operations specialization, which delves into topics like "Operational Risk," "IT in Supply Chains," "Information Technology Strategy," and "Managing the Digital Firm." Other specializations offered at Stern that may interest future managers include Business Analytics, Leadership and Change Management, and Supply Chain Management and Global Sourcing.
To support students aspiring to managerial roles, Stern provides resources like the Management Consulting Association and the Management and Strategy Club. Additionally, students interested in general management careers can engage in programs like the Stern Consulting Corps and Stern Board Fellows. Through the Stern Board Fellows program, students are matched with nonprofit organizations in New York City, where they serve as nonvoting board members for a year, working on strategic planning and marketing projects.
In terms of post-graduation outcomes, around 4.5% of Stern graduates in 2022 entered positions with a general management function, with notable employers including Amazon, American Express, Citi, Google, JPMorgan, Microsoft, and Pfizer, Inc. These statistics underscore Stern's commitment to preparing students for success in managerial roles across various industries.
Stern’s dedication to fostering entrepreneurship is evident through various initiatives and resources available to students. While one student in the 2022 employment report opted to start a new business instead of seeking post-graduate employment, the school boasts a faculty directory listing 30 professors with expertise in entrepreneurship. Students pursuing the Entrepreneurship and Innovation specialization have access to courses like “Foundations of Entrepreneurship” and “Entrepreneurial Finance,” along with elective options such as “Entrepreneurship & the New Economy” and “Social Problem-Based Entrepreneurship.” Feedback from students highlights Stern’s commitment to nurturing entrepreneurial aspirations, despite not being located in Silicon Valley.
The Berkley Center for Entrepreneurship serves as the central hub for entrepreneurial activities on campus, offering educational resources, programming, and serving as a "venture design studio" for innovative thinkers and leaders. Among its flagship programs is the NYU Entrepreneurs Challenge, an eight-month competition comprising three components, culminating in approximately $225,000 in start-up funds and technical assistance awarded to winners. Notable winners include MuseTax and TrovBase in recent years.
The Technology Venture Competition, part of the Entrepreneurs Challenge, awards $75,000 in cash to technology-based businesses developed by NYU students or faculty. Winners like StepWise and Baton showcase the innovative spirit of Stern’s entrepreneurial community. Additionally, the Social Venture Competition, formerly part of the Entrepreneurs Challenge, awarded $50,000 to ventures addressing social problems, with winners like ONE432 and bloc exemplifying social entrepreneurship.
Through the Stern Venture Fellows program, students and alumni working on new ventures receive guidance and support from seasoned mentors, further enhancing the entrepreneurial ecosystem at Stern. The school's entrepreneurship-focused student clubs complement these efforts, providing additional opportunities for collaboration and learning. Overall, Stern’s comprehensive approach to entrepreneurship empowers students to turn their ideas into impactful ventures, supported by a robust network of resources and mentorship.
The Entertainment and Media specialization at NYU Stern offers a comprehensive blend of classroom instruction and practical experience tailored to students interested in pursuing careers in these dynamic industries. With nearly 50 professors specializing in Entertainment, Media, and Technology, and over 40 courses offered in this field, Stern ensures a robust educational experience. Required courses like “Entertainment & Media Industries” set the foundation, while electives such as “Social Media and Mobile Technologies” and “Digital Transformations in Media and Entertainment” allow students to tailor their studies to their interests.
The Entertainment, Media, and Sports Association (EMSA) plays a crucial role in complementing academic learning with real-world exposure. Through hosting company speakers, networking events, and an annual conference, EMSA facilitates interactions between students and senior executives from leading companies in the industry. Notable past speakers include Martha Stewart and Mark Cuban, among others. Events range from financial modeling workshops to internship panels and mock interview days, providing students with diverse learning opportunities.
EMSA also organizes career treks to cities like Los Angeles and San Francisco, allowing members to visit top companies and studios such as Creative Artists Agency and Warner Brothers. The annual MBA Media and Entertainment Conference, organized jointly with Columbia Business School, features keynote speakers and panel discussions on pertinent industry topics, offering valuable insights and networking opportunities.
Stern's Andre Koo Tech MBA, named after a prominent alum, equips students with a unique blend of business and technology expertise. Graduates of Stern in 2022 saw 4.0% entering roles in entertainment/media/sports industries and 17.0% in technology and telecommunication industries. Firms hiring Stern graduates in these sectors include Creative Artists Agency, Google, NBC Universal, Spotify, and the Walt Disney Company, highlighting the strong industry connections and opportunities available to Stern students pursuing careers in entertainment, media, and technology.
The Global Business specialization caters to students interested in incorporating an international dimension into their MBA studies, with courses like "Global Strategy" and "Monetary Policy, Banks, and Central Bank."
For students seeking global immersion, Stern provides various study abroad opportunities, ranging from short trips through the "Doing Business in..." (DBi) courses to semester-long exchange programs with approximately 50 partner business schools worldwide. DBi courses offer a mix of lectures by Stern faculty and local practitioners, coupled with hands-on field experiences with local businesses. Previous destinations include China, Mexico, Argentina, and South Africa, providing students with diverse cultural and business perspectives.
Students interested in longer-term study abroad options can spend a semester at any of Stern's partner schools within the Partnership in International Management network, spanning 29 countries. Outside the classroom, Stern boasts a diverse student body, with 44% of the Class of 2024 originating from countries other than the United States or holding dual citizenship. The school fosters cultural exchange through various regional clubs and associations, such as the Asian Business Society and the Latin American Business Association.
These clubs organize events like Passport Day, showcasing the diverse cultures represented at Stern, and career-focused treks to destinations like London and Asia, providing students with networking opportunities with leading firms. Moreover, Stern students benefit from the vibrant cultural landscape of New York City, with its myriad of ethnic neighborhoods, international festivals, and culinary delights, offering a truly immersive international experience.
Stern's commitment to global engagement is evident in its graduates' career paths, with a small but notable percentage accepting positions outside North America. In 2022, Stern's graduating class secured roles in Asia and the Middle East (2.3%), Europe (0.5%), and Latin America and the Caribbean (0.5%), underscoring the school's global reach and impact.
Stern School of Business at NYU offers a robust marketing curriculum, supported by nearly 90 professors dedicated to integrating their research into teaching to equip students with the skills to navigate the dynamic marketing landscape. With over 70 marketing courses covering diverse topics like consumer behavior, pricing, and new media, students gain a comprehensive understanding of marketing principles applicable across various industries.
Students have the opportunity to specialize in five marketing areas: Luxury Marketing, Marketing, Tech Product Management, Digital Marketing, and Entertainment and Media. The curriculum is designed to cater to both general marketing knowledge and industry-specific expertise, ensuring students are prepared for a range of marketing roles.
The Graduate Marketing Association (GMA), with over 500 members, plays a pivotal role in exposing students to marketing professionals and industry insights. Through Lunch & Learn sessions, Fireside Chats, and company visits, students engage with practitioners from leading companies like Dannon, American Express, and Johnson & Johnson, gaining valuable real-world perspectives.
The GMA's flagship event, the Graduate Marketing Association Conference, brings together students and industry leaders to explore cutting-edge marketing trends. Previous conferences have tackled themes like "The Age of Authenticity" and "Marketing for the Future," featuring keynote speeches from prominent marketing executives and panel discussions on relevant topics shaping the industry.
In recent years, 14.0% of Stern graduates secured roles in marketing and sales functions, reflecting the school's commitment to preparing students for successful careers in marketing. Companies recruiting at Stern for marketing positions include American Express, Johnson & Johnson, PepsiCo, and Unilever, providing students with diverse opportunities in the field.
The Social Enterprise Program at NYU Stern has gained significant traction, both academically and extracurricularly, with increased interest from students across the MBA programs. Stern offers a Sustainable Business and Innovation specialization, featuring courses like "Social Entrepreneurship and Sustainable Development" and "Strategy with a Social Purpose," aimed at equipping students with the skills to address social and environmental challenges through business solutions.
The Center for Business and Human Rights, a pioneering initiative at Stern, emphasizes human rights as integral to the global economy. Through research projects and teaching activities, the center encourages practical progress on human rights issues within the business world.
Extracurricular resources such as the Stern Consulting Corps provide students with opportunities to engage in consulting projects with nonprofits, contributing their skills to organizations like the Coalition for the Homeless and City Harvest.
The annual Social Innovation Symposium, organized in collaboration with NYU's Law and Policy Schools, features keynote speeches, panel discussions, and networking sessions on topics like sustainable investing, crisis-driven innovation, and human-centered capitalism.
Stern's Social Impact and Sustainability Association (SISA), affiliated with Net Impact, attracts a significant portion of each class, offering resources and educational opportunities for students passionate about socially responsible business practices.
The Social Impact Internship Fund (SIIF) provides financial support to students undertaking unpaid or low-paying internships in the social sector. Students have interned at organizations like Teach for America, the National Park Service, and NYU Langone Medical Center.
In 2019, Stern introduced the Change:Studio program, focusing on experiential learning, entrepreneurship, and leadership development to equip MBAs with the skills to drive positive change in society.
While Stern's 2020 employment report indicated that 0.7% of graduates accepted jobs in nonprofit and education sectors, specific percentages were not reported for 2021 and 2022. However, notable organizations hiring Stern students for such roles include the United Nations, Education Pioneers, and the Environmental Defense Fund, reflecting the school's commitment to producing socially conscious business leaders.
Stern's Real Estate specialization offers a range of courses like "Real Estate Primary Markets" and "Real Estate Development and Entrepreneurship," housed within the finance department and supported by the Center for Real Estate Finance. Additionally, students can access targeted courses at the NYU Schack Institute of Real Estate and other schools within NYU, broadening their understanding of real estate. The Stern Real Estate Club (REC) provides networking opportunities and industry insights through events, tours, and case competitions. While 0.4% of Stern's 2022 graduates entered the real estate industry, notable firms hiring Stern students include Tishman Speyer, Boston Properties, and Kushner Companies.
Stern School of Business offers extensive resources for students interested in careers within the retail and luxury goods industry, leveraging its location in New York City, a fashion hub. The Luxury Marketing specialization provides courses like "Innovation and Design" and "Brand Strategy," while the "Doing Business in Italy: Luxury, Retail and Branding" course offers firsthand industry exposure. The Luxury and Retail Club facilitates networking and organizes an annual conference featuring industry executives discussing topics like "Digital Marketing and Loyalty" and "E-Commerce Innovation." The Fashion and Luxury MBA program, launched in 2018, provides specialized education with courses ranging from "Next Generation Fashion" to "Retail Strategy and Analytics." While 0.4% of the Class of 2022 entered the retail industry, notable firms hiring Stern students include Burberry, Louis Vuitton, and Nike.
Scholarships
- About 20-25% of admitted full-time two-year MBA students receive merit-based scholarships.
- Majority of scholarships are full or half tuition awards.
- All applicants (domestic and international) are considered for scholarships at the time of admission.
- No additional materials are required for scholarship consideration.
- Scholarship decisions are final and made alongside admission decisions.
- Scholarship amounts and types may vary from year to year.
- External funding opportunities can be explored through Stern Graduate Financial Aid website.
- Types of Stern Merit-Based Scholarships:
- Dean’s Scholarship: Covers full tuition and fees, awarded to a limited number of most meritorious admitted students.
- Named Faculty Scholarship: Covers full tuition and fees, pairs students with distinguished faculty members.
- Consortium Fellowship: Covers full tuition and fees, awarded in conjunction with a partner organization.
- Leadership Accelerator Scholarship: Awarded to applicants demonstrating high leadership potential.
- Fertitta Veterans Scholarship: Supports U.S. military veterans and active-duty students, offering significant scholarship support and leadership curriculum.
- William R. Berkley Scholarship: Supports exceptional college seniors admitted to NYU Stern for full-time MBA.
- Advancing Women in Business Scholarship: Covers full tuition and mandatory fees for two years, supports students committed to advancing women in business.
- Forté Fellowship: Promotes gender equity in business, awarded to candidates with merit-based scholarships.
- ROMBA Fellowship: Supports LGBTQ+ MBA students, awarded to candidates with merit-based scholarships.
- Elizabeth Elting Advancing Women's Leadership Fellowship: Supports students displaying extraordinary academic merit, leadership experience, and commitment to advancing women in business.
- Directors Scholarship: $50,000 scholarship for the first year of study, awarded to admitted students showing strong merit.
- Community Scholarship: $25,000 scholarship for the first year of study, awarded to admitted students showing strong merit.
- Scholarships Awarded after Admission:
- Howard Gilman Foundation Scholarship: Supports graduate students from performing arts backgrounds pursuing business education.
- Hyundai Motor America and Kia Motors America Scholarships in Law & Business: Supports JD/MBA Dual Degree students pursuing careers in law & business.
- Scholarships Awarded after Admission by Application:
- Moral Contract Scholarship
- Harvey Beker Scholarship
- Donor Awards for Second-Year Students:
- Second-year funding opportunities based on merit and criteria specified by donors.
- All second-year students considered, no separate application necessary.
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