With a long-standing legacy of academic distinction and a prime setting in one of the globe's financial epicenters, NYU Stern's MBA program stands as an exceptional option. In this extensive guide, we will explore the intricacies of the NYU Stern MBA, encompassing its duration, application deadlines, prerequisites, student demographics, tuition, financial aid opportunities, and much more.
NYU Stern MBA Program Essentials
Duration: 2 Years Location: New York City University: New York University (Private University) Format: Full Time Total Credits: 60 Specializations: 20+ Electives: 200+
NYU Stern Application Deadlines for 2024
NYU Stern's MBA program offers multiple application rounds to provide flexibility for applicants. Here are the application deadlines for 2024:
Round 1: September 18, 2023
Round 2: October 18, 2023
Round 3: January 18, 2024
Round 4: April 18, 2024
To secure your spot in NYU Stern's competitive MBA program, you'll need to meet certain application requirements. Here's what's expected:
GMAT or GRE Score Report
Essays (2 required MBA essays and optional essays and supplemental information)
Two Professional Letters of Recommendation
Application Fee: $200
TOEFL/IELTS (if applicable)
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FT MBA Ranking for NYU Stern MBA
Let's analyze and compare the FT rankings data for NYU Stern MBA from 2022 to 2023. Here's a breakdown of the key data points and how they have changed between these two years:
Overall Ranking: In the FT MBA rankings for 2023, NYU Stern MBA is ranked 19th, which marks a decline from its 14th position in 2022. While NYU Stern remains among the top business schools globally, it faced increased competition and saw a drop in its overall ranking over the year.
Career Progress Rank: One significant change is the career progress rank. In 2022, NYU Stern was ranked 48th in this category. However, in 2023, it experienced a substantial drop to 71st place. This suggests that graduates might be facing more challenges in terms of career advancement, or there could be variations in job placement rates and salary progression.
Salary Today (US$): The average salary for NYU Stern MBA graduates has increased between 2022 and 2023. In 2022, the reported salary was $192,953, but in 2023, it rose to $200,144. This increase is a positive sign and could reflect strong employment opportunities and higher earning potential for NYU Stern graduates.
International Course Experience Rank: In 2022, NYU Stern was ranked 50th in terms of international course experience. However, in 2023, it improved to 54th place. This indicates that the program might have enhanced its global exposure and the diversity of courses offered.
Careers Service Rank: One of the most significant improvements is in the careers service rank. In 2022, NYU Stern was ranked 14th for its career services. In 2023, the school climbed to the 7th position, highlighting that the careers service has become more effective in helping students find job opportunities and advance in their careers.
Employed at Three Months (%): The percentage of students employed three months after graduation dropped slightly from 94% (96%) in 2022 to 94% in 2023.
Overall Satisfaction: In terms of overall satisfaction, NYU Stern received a score of 9.36 in 2022, which dropped slightly to 9.19 in 2023. This decrease might reflect changes in student satisfaction or the perception of the program.
International Students (%): The rise in the presence of international students stands out. In 2022, 32% of students were international, but this rose to 44% in 2023. A higher international presence can contribute to a more diverse and globally oriented learning environment.
Salary Percentage Increase: While the salary percentage increase remained relatively stable, decreasing slightly from 135% in 2022 to 134% in 2023, it still indicates substantial income growth for graduates.
Value for Money Rank: The value for money rank dropped from 81st in 2022 to 87th in 2023. This suggests that, compared to other programs, students might perceive NYU Stern as offering slightly less value for the cost of tuition.
International Faculty (%): The percentage of international faculty increased slightly from 47% in 2022 to 48% in 2023, enhancing the international perspective within the teaching staff.
Female Faculty (%): The percentage of female faculty remained constant at 31% between 2022 and 2023.
Female Students (%): The percentage of female students has shown an upward trend, climbing from 41% in 2022 to 45% in 2023, highlighting a progressive shift toward greater gender diversity within the student population.
International Mobility Rank: The international mobility rank improved from 65th in 2022 to 61st in 2023. This suggests that more students might be engaging in global experiences during their MBA.
Three-Year Average Rank: The three-year average rank saw a minor enhancement, moving from 16th place in 2022 to 15th place in 2023. This illustrates the program's sustained robust positioning over an extended period, notwithstanding the annual variations.
In summary, NYU Stern MBA experienced a slight drop in its overall ranking from 2022 to 2023, with notable changes in career progress and value for money ranks. However, there were also several positive developments, including an increase in average salary, improvements in career services and international course experiences, and a more diverse student body with higher international representation. These changes indicate the dynamic nature of MBA rankings and the continuous efforts of NYU Stern to enhance its program.
Class Profile for the NYU Stern Class of 2024
The incoming class of 2024 reflects the diversity and caliber of students that NYU Stern attracts:
Total Applications: 3,553
Admission Rate: 27%
Number Enrolled: 324
Age Range: 23-42 Years
Countries Represented: 41
Students with International Citizenship: 44%
Underrepresented Minorities: 21%
Students with Work Experience: 98%
Average Years of Work Experience: 5.0
Work Experience Range: 0-14 Years
Academic Background in NYU Stern MBA Class
NYU Stern values diverse academic backgrounds. Here's what the class profile reveals:
Average GPA: 3.62
Average GMAT: 733
GRE Averages: Quant (163), Verbal (162)
NYU Stern MBA Fees and Scholarships
For aspiring MBA candidates, understanding the cost of their education is crucial. Here's what you can expect at NYU Stern:
Tuition Fees: $82,326
Orientation Fee (LAUNCH): $1,678
Living Expenses (room & board, books & supplies, transportation, miscellaneous, loan fees): $123,253
Additionally, NYU Stern offers scholarships to help ease the financial burden:
The NUS MBA Dean's Award
The NUS MBA Excellence & Achiever Awards
The NUS MBA Local Scholarship
The NUS MBA Scholarship for Women
The NUS MBA Entrepreneurship Scholarship
The NUS MBA Diversity Scholarship
The NUS MBA Resilience Scholarship
The NUS MBA ASEAN Scholarship
Lam See Chiew Memorial Scholarship in Social Entrepreneurship & Philanthropy
The ADB-Japan Scholarship Program (ADB-JSP)
The NUS APEC Scholarship
The NUS MBA Scholarships for Latin America, Africa, North America, Europe, and the Middle East
Private Equity Award
The NUS MBA ESG Scholarship
NYU Stern Placement Statistics for the Class of 2022
Here's a glimpse into where NYU Stern graduates are positioned after completing their MBA:
Female Students: 43%
Minority Students: 32%
Underrepresented Minority Students: 12%
Students with International Citizenship: 32%
Undergraduate GPA Range (80%): 3.30-3.88
Average Work Experience: 5.2 Years
Employment Profile: Seeking Employment - 238
Timing of Job Offers:
By Graduation: Received Offers (87.40%), Accepted Offers (86.60%)
By 3 Months Post-Graduation: Received Offers (94.10%), Accepted Offers (94.10%)
Total MBA Graduates ($)
Average Base Salary: $161,475
Average Signing Bonus: $40,936
US Citizen/Permanent Resident ($)
Average Base Salary: $162,042
Average Signing Bonus: $40,900
Average Base Salary: $159,287
Average Signing Bonus: $41,067
Sources of Accepted Job Offers:
School Facilitated: 82.80%
Students Facilitated: 17.20%
Compensation by Geographical Location:
North American Regions – Average Compensation ($)
World Regions – Average Compensation ($)
Asia & Middle East: $124,344
Europe: Data not available
Latin America & the Caribbean: Data not available
North America: $162,535
Compensation by Industry:
Average Compensation ($)
Consumer Packaged Goods: $119,643
Financial Services: $168,475
Other (Law): $199,643
Compensation by Function:
Average Compensation ($)
Information Technology/Data Analytics: $175,500
Other (Law): $199,643
Employment by Industry:
Consumer Packaged Goods: 3.60%
Financial Services: 34.40%
Real Estate: 0.40%
Other (Energy/Power, Law, Manufacturing, Transportation & Logistics): 7.40%
Employment by Function:
Information Technology/Data Analytics: 1.40%
Other (Human Resources, Law): 4.00%
Is It Hard to Get Into NYU Stern MBA?
The admissions process for NYU Stern's MBA program is highly competitive. Review the admissions requirements thoroughly and assemble a strong application to increase your chances of acceptance.
Is NYU Stern Good for an MBA?
Yes, Some of the program's key strengths include:
Strong Faculty: NYU Stern boasts leading scholars and practitioners in various business disciplines.
Diverse Student Body: The program attracts students from diverse backgrounds, enhancing classroom experiences and networking opportunities.
Experiential Learning: Students benefit from consulting projects, internships, and global immersions, gaining practical experience for leadership roles in the business world.
When considering NYU Stern for your MBA, be sure to thoroughly review the admissions requirements and create a robust application. It is a highly competitive program, but the rewards of a prestigious NYU Stern MBA are well worth the effort.