NYU Stern MBA
Rankings | Class Profile | Employment Report | Sample Essays | Interview Questions
After Stanford’s Graduate School of Business, the Stern School’s MBA program now is the most expensive in the world. The school’s estimated expense to attend its full-time MBA program hit a record $184,532, up from $165,340 only a year ago. That is even more expensive than its uptown rival, higher-ranked Columbia Business School. But New York is an expensive place to live and study.
NYU Stern’s massive part-time MBA program, which boasts some 2,106 students, tends to overwhelm the 784 full-timers. The school, in New York’s Greenwich Village, offers a 60-credit program; more than half of which are electives. The program begins with Pre-Term where students meet classmates, explore New York City, and learn about academics, career opportunities, and student life. To ensure that students have a solid foundation in all areas of business, the majority of the first year is comprised of Stern core courses: Financial Accounting & Reporting, Statistics & Data Analysis, and a flex core made up of seven course options. Core course waivers may be given to students who completed an undergraduate major in a core course area or hold a CPA. Students may also waive a course by passing a proficiency exam. The second year is comprised almost entirely of elective courses in addition to the final core course, Professional Responsibility.
Stern students graduate with an MBA in General Management and may select up to three specializations. The school offers more than 20 areas of specialization, each comprised of about three elective courses.
- Stern is the third-best b-school for MBA in Finance in the US, according to US News.
- About 25 percent of admitted two-year MBA students receive merit-based scholarships. The scholarships include Dean’s Scholarship, Named Faculty Scholarships, Consortium Fellowships, Stern Scholarship, William R. Berkley Scholarship, Advancing Women in Business Scholarship, and Forté Fellowship. International students can apply for private loans with or without a US cosigner.
- Here’s the Class of 2019 profile: Applicants – 3,927; enrolled – 399; women – 38 percent; international – 37 percent; average age – 28; age range – 21-38; average GPA – 3.48; GMAT average – 714, range – 580-780;
- Ninety-four percent of “Sternies” of the Class of 2016 received a job offer within three months of graduation. 28.5 percent went into (by industry) consulting, 28.2 percent into investment banking, and 9.6 percent into technology/telecom.
- Stern graduates (Class of 2017) received an average base salary of about $121,000, an average signing bonus of ~ $33,000, and an average other guaranteed bonus of ~$30,000.
- One of the oldest b-schools in the world, NYU Stern is a founding member of the Association to Advance Collegiate Schools of Business. There are three Nobel laureates on the Stern faculty. Stern’s the place for any candidate who wants to specialize in finance, sales, trading, or luxury brand management.
- Its location in New York City, just 5 km from Wall Street, and its various campus events provide its students and graduates with an additional advantage when it comes to networking.
Not so good facts:
- The MBA program is selective with only a 21% admission rate. There most recently were 3927 applicants and 822 admitted.
NYU Stern Essay 1: Professional Aspirations (500 word maximum, double-spaced, 12-point font)
What are your short and long-term career goals?
How will the MBA help you achieve them?
I was born in a community known as ‘Nagarathars’, who are well known all over the world of finance. This fame for finance is comes from the fact that our ancestors travelled all over the world doing business with other communities. I inherited the same qualities from my ancestors because I am very much interested in business. Having been born in the era of information technology, I was carried away into studying IT but found out that my passion was in business. I have worked in Information Technology across various industries like banking, financial services, electronics, software services, retail, consumer products, automobile, and pharmaceutical in the last 14 years as an SAP management consultant. Working with the top ERP Products, SAP, I have gained in-depth knowledge of business operations in finance/controlling configuration based on US GAAP, Strategic Enterprise Management, Business Intelligence, Advanced Planning and Optimization, Customer Relationship Management, Supplier Relationship Management, Materials Management, Production Planning, Sales & Distribution, Human Resources, Profitability, Point of Sales, and Revenue Recognition…Continue Reading Here
Showed up to the admissions office, and was greeted by the receptionist who hands you a folder containing lots of information regarding professional and extracurricular offerings, plus customized affinity group flyers for organizations you indicated interest in on your application (i.e. Stern in Africa). You also get a name tag + an ‘IQ+EQ’ t-shirt, just for showing up – how nice (and they have all sizes).
My interviewer was part of the AdCom, and warmly greeted me around the start-time of the interview, and we made small talk initially. She introduced herself and gave a bit of background as to how she got to where she is today. Then we dived into the questions, but throughout it was very conversational and laid back, and I really felt like she had gone through my application inside and out and wasn’t asking basic questions that were obvious from my resume / essays / application.
1. Tell me about yourself
2. What are your top 3 companies you’d like to pursue internships / jobs at if you pursue your intended career path?
3. How will you approach finding a job once you’re at school?
4. Tell me about a time in or out of work where you disagreed with someone else’s decision but had to go along with it (she said she preferred a non-work example even!)
5. Why NYU?
6. What will you get involved with on campus (presumably extracurricularly, so do your homework on the options)?
7. If I were to relay 2-3 things to the AdCom that you bring to the table above all else, what would those be?
8. Any questions you have for me? (had only time for one question)
Overall, this is a place where the school really wants you to succeed and do well. The fact they gave me “NYU Swag” shows they are courting me just as much as I am courting them. It was not a stressful interview at all, and you should see it as an opportunity to confirm their decision to have you in for an interview…Continue Reading Here
NYU Stern MBA Application Essay Tips
When characterizing the type of applicant it’s looking for, the New York University Stern School of Business says, “We seek students who best exemplify Stern’s core value: IQ+EQ. Our admissions committee takes care to select those who demonstrate strong intellectual ability, superior interpersonal skills, and a desire to create value for business and society.”
The parameters of IQ and EQ that are important in the evaluation are academic ability, professional achievements and aspirations, and personal characteristics. While your academics will be evaluated mainly through your GMAT and GPA, the essays are a crucial part of your application strategy to cover professional achievements and aspirations and your personal characteristics.
This year NYU Stern asks for two EQ Endorsements with your application.
• The endorsement must be from someone who knows you personally and/or professionally and can act as a persuasive advocate of your EQ strengths.
• More details can be found and on the NYU admissions website.
ESSAY 1: PROFESSIONAL ASPIRATIONS
(500 word maximum, double-spaced, 12-point font)
• What are your short and long-term career goals?
• How will the MBA help you achieve them?
While many people seek an MBA degree, NYU wants to invest in those who can use it most effectively. Perhaps you’re seeking an MBA for networking or professional credibility, or maybe you want an MBA to learn specific skills to change careers. Whatever your own personal reasons may be, make sure you can point to specific aspects of the MBA education both generally and specifically at Stern that are necessary to achieve your goals.
Your post MBA goal should be both achievable and demonstrate the need for an MBA. An MBA from NYU Stern will open professional doors for you, and you should demonstrate that you are ready to take advantage of those opportunities. Think about a logical sequence that starts with your past work experience, then your MBA education and ends with your immediate post MBA goal. Ideally your goal pulls from both your current work experience and the skills you will gain in the NYU MBA program.
Personal experience of the campus through visits or student touch points will help you understand why a Stern MBA is the next career step for you, but even if you are halfway around the world you can illustrate the many ways in which you learned about the NYU Stern experience.
ESSAY 2: PERSONAL EXPRESSION (A.K.A. “PICK SIX”)
Describe yourself to the Admissions Committee and to your future classmates using six images and corresponding captions. 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 who you are.
• 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 that best describe you. Your document must be uploaded as a single PDF. The essay cannot be sent in physical form or be linked to a website.
NYU Stern has evolved the creative essay into one that is more specific, but still allows you the freedom to communicate what you choose to the admissions committee. A favorite American idiom says “a picture is worth a thousand words,” and in this essay you have six pictures to use to communicate with your future classmates and the Stern admissions committee. Think about the story you want to tell with the six images – is it a collage of your life or a progression? How do the pictures work together to tell the story?
While the medium is novel, your content is the important part of this essay. The best first step is to brainstorm the information you want to convey. Reflect upon your unique personal qualities and what is valued most by your friends and family. How would you want your classmates to see you? What information would you share with a new friend?
Your six images may be all personal, all professional (not recommended!), demonstrate deeper meaning for you personally, or aspirational and future oriented. Perhaps you want to show a journey you have taken, a person who is important to you, or a vision of your future desires and plans. Think about the narrative of the six images along with what you are communicating about yourself.
Isser Gallogly, associate dean of MBA admissions and innovation, has said that this question evolved to be similar to the kind of post you might share on social media to tell your friends about your life. Images are more and more important in digital communication, and this essay asks you to use images as the primary form (drawings, photos, infographics, or any other images you choose).
The one sentence caption for each image will also be an opportunity to contextualize the narrative. If you show an image of a happy family, what does that say about your past or future? Who are the people to you? If you have an image of a place you can use the words to explain its importance to you.
ESSAY 3: ADDITIONAL INFORMATION (OPTIONAL)
(250 word maximum, double-spaced, 12-point font)
Please provide any additional information that you would like to bring to the attention of the Admissions Committee. This may include current or past gaps in employment, further explanation of your undergraduate record or self-reported academic transcript(s), plans to retake the GMAT, GRE, IELTS or TOEFL, or any other relevant information.
This optional essay allows you to explain anything that is not self explanatory in your application. If your academic record shows any grades of C or below in a quantitative course, or your GMAT or other tests are lower than the NYU mean, you will want to explain why you are academically prepared. Any explanation should include the reasons why you have changed and will perform strongly in your academic courses at NYU.
If you have a gap in work experience this is the place to provide context about what you were doing during the time. You are never compelled to use the optional essay if the information in your application is straightforward. If you do use the essay take the time to explain but not excuse.