Stern School of Business – New York University - Full-Time MBA
NYU Stern Full-Time MBA Structure
The NYU Stern full-time MBA program is a two-year, 60 credit program that follows the traditional two-semester model. There is one intake of students each fall, who begin classes in September and are divided up into six blocks of 60-70 students each. Stern hosts a mandatory two-week orientation program in August called “Launch.” Stern also provides a special “Summer Start” program that allows students the school believes may need additional preparation to earn up to six credits before starting courses with their classmates in September.
In early January 2020, the NYU Stern full-time MBA program officially received STEM-designation status.
In the first year, students without a waiver are required to take the core courses Financial Accounting & Reporting and Statistics & Data Analysis, as well as five of the following seven “menu core” courses: Firms & Markets, Foundations of Finance, The Global Economy, Leadership in Organizations, Marketing, Operations Management, and Strategy. Core course waivers may be given to students who have completed an undergraduate major in a core course discipline, hold a CPA, or pass a proficiency exam in a given core course field.
Full-time students are required to participate in a summer internship in the summer between their first and second years. Second-year courses are made up almost entirely of electives, with the exception of the mandatory Professional Responsibility course. Students may, but are not required to, pursue up to three specializations in 20 different fields such as Banking, Law and Business, Luxury Marketing, or Real Estate. In general, each specialization requires three to five courses—approximately nine credits—to complete Students may also earn course credit by participating in Stern’s Doing Business In… (DBi) programs, one- or two-week intensive abroad experiences offered between semesters.
Full-Time MBA Rankings
• U.S. News & World Report: 12
• Bloomberg: 13
• Forbes: 20
• Financial Times: 22
• The Economist: 17
The most recent NYU Stern School of Business full-time MBA class featured 317 students from a pool of 3,652 applicants and 1,059 admitted students. The GMAT average for the class is 723 and the undergraduate GPA is 3.6 . About 43 percent of students in the class are female. The average age is 28, and the average work experience prior to enrollment is 5.2 years.
According to the most recent NYU Stern employment report, about 92 percent of the most recent graduating class of full-time MBAs earned job offers within three months of earning their degree. These graduates earned an average base salary of $143,858 and an average signing bonus of $37,892 .
The majority of the most recent class joined the consulting industry (31.7 percent), followed by finance (33.5 percent), and tech (16.9 percent)
Tuition, Scholarships, and Financial Aid
The tuition cost for the NYU Stern full-time MBA is $76,780 per year, plus $4,343 for registration fees. Additionally, Stern estimates that students will pay $26,804 for room and board, $1,980 for books and supplies, $1,110 for local travel, $8,018 for miscellaneous fees, and $216 for loan fees, bringing the total estimated cost of the program to $119,251 per year.
All incoming full-time MBA students are eligible for a number of merit-based scholarships. These include the Dean’s Scholarship, the Faculty Scholarship, the Kenshin Oshima Scholarship, the Military Veterans Scholarship, the Stern Scholarship and the Story Mining & Supply Scholarship.
Furthermore, Stern offers three fellowships in partnership with external organizations. The Consortium Fellowship is awarded to U.S. citizens and permanent residents from underrepresented groups including African Americans, Latinos and Native Americans, or those who can otherwise demonstrate a commitment to the mission of the Consortium. Students must apply to NYU Stern through the Consortium’s application to be eligible for this fellowship. The Forte Fellowship is awarded to exceptional women candidates and does not require any additional application information. Finally, the Toigo Fellowship is awarded to underrepresented students pursuing careers in finance, and must be applied for after students receive offers of admissions from Stern.
Stern also offers full-time students three fellowships—the Harvey Beker Scholarship, the National Science Foundation and NYU ASPIRE Scholarship, and the Stern Military Service Scholarship—which require separate applications. Admitted students are notified about the availability of these scholarships after they have received their offers of admission.
Second-year Stern students, while not eligible for the awards above, are eligible to receive donor awards to fund the second year of their MBA studies. These awards are based on merit and the conditions stipulated by each particular donor, and they do not require separate applications.
Finally, full-time students who have completed at least nine credits are eligible to apply for a teaching fellow or a graduate assistant position, earning up to $21,600 in tuition remission.
U.S. citizens and permanent residents applying to Stern’s full-time MBA program are eligible for federal Stafford and Graduate PLUS loans, as well as private loans. International students are eligible for private loans, offered with and without a U.S. co-signer. Loans not requiring a co-signer include the UFSB Stern International Loan, offered through the First Marblehead Corporation and Union Federal Savings Bank; the Global Students Loan, offered through the Global Student Loan Corporation to students from India; and the BAEF MBA Fellowship, offered through the Belgian American Educational Foundation Inc. to Belgian citizens. International students with a U.S. cosigner are available for numerous private loans up to the full cost of attendance, and are provided with a list of these options upon receiving offers of admission.
Applicants to the NYU Stern full-time MBA program are required to hold an undergraduate degree. However, there are no minimum GPA or standardized test score requirements for admission. In addition, there is no formal work experience requirement, although applicant experience is weighed in the admissions process.
Applicants to the full-time MBA program must submit the online application, test scores from either the GMAT, GRE, or EA exams, a professional resume and a separate Work History Form provided by Stern on its application website. Stern also requires applicants to submit two essays, two professional recommendations, undergraduate transcripts and proof of degree conferrals and an application fee of $250. All applicants whose native language is not English and who have not completed academic studies in an English-speaking country, or a country where English is the primary language used in education, must take the TOEFL exam and submit their scores with their applications.
2020-2021 NYU Stern Full-Time MBA Deadlines
Round 1: October 15, 2020
Round 2: November 15, 2020
Round 3: January 15, 2021
Round 4: March, 15 2021
How has the university coped with the current pandemic?
NYU has introduced many safety protocols to provide a hybrid on-campus/virtual experience for MBA students.
Working on your Stern School of Business application? Check out the Clear Admit NYU Stern Essay Topic Analysis for advice on how to approach your essays.
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