NYU Stern’s MBA Class of 2023 Demonstrates the Applicant-Centric Approach
New York University’s Stern School of Business has released its MBA Class of 2023 profile, proudly introducing a diverse crop of future business leaders with a competitive edge in both experience and academic achievement.
Assistant Dean of MBA Admissions Lisa Rios credits Stern’s applicant-centric approach and coronavirus response measures in adding additional test options and waivers for the increased demand and growth in the program. “The combination of a more seamless process for applicants and continued strong demand for our rigorous program led to an 8% increase in applications as well as a total enrollment of 360 students in the Class of 2023,” said Dean Rios. That is up from 317 for the previous year.
Here are some highlights of the NYU Stern MBA Class of 2023:
|Average Undergraduate GPA||3.59|
|Percent majoring in arts, humanities, social sciences||33%|
|Percent majoring in science, technology, engineering, and math||24%|
|Percent majoring in business||27%|
|Average GMAT Score||729|
|GMAT Score Range||620-770|
|Average GRE Quant Score||162|
|Average GRE Verbal Score||162|
|Percent Taking GRE||18%|
|Countries Represented (by citizenship)||32|
|Average Work Experience||5.1 Years|
Diversity and Representation in the NYU Stern Class of 2023
This year, Stern has adopted the new Graduate Management Education (GME) reporting standards, allowing the school to disclose more nuance around race and ethnicity. Multi-dimensional reporting enables students to identify as multiple races or ethnicities, giving a more comprehensive picture of the diversity of the class. While under federal reporting guidelines, Black students comprise 4% of the US domestic students, multi-dimensional reporting shows it’s actually 7%. Using the new GME guidelines, 1% of the class are Native North American, Native Hawaiian, or other Native Pacific Islander, 20% are Asian American, 11% are Hispanic, and 13% identify as multi-race.
Thirty-six percent of the class are US minority students, and 17% are historically underrepresented minorities. “In the spirit of the GME standards, as well as the School’s commitment to diversity, equity, inclusion, and belonging, we are happy to offer more details in our class profile,” announced Dean Rios.
The MBA class includes students from 32 different countries, making up 32% of students. The number of US military veterans and active-duty members more than doubled over last year to 10% of the class. Women make up 41% of students.
Professional and Academic Background
The Stern Class of 2023’s average GMAT of 729 is the highest in the school’s history. The composition of undergraduate majors is similar to previous years, with 27% of students coming in with a business degree and 24% holding a degree in engineering, math, or science. Social science majors make up 20% of the class, economics 16%, and humanities and art students 13%.
The average length of professional careers for the class is just over five years, in line with most other US schools. Twenty-three percent of students came from the financial services industry and 12% from consulting. The technology, consumer retail, and military or government service sectors each comprised 9% of the class.
Stern is continuing their additional testing options, accepting the LSAT, MCAT, and DAT in addition to GMAT, GRE, and Executive Assessment scores, as well as waiver programs during the current admissions cycle.