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