NYU Stern MBA Class of 2024 Sets New Academic Records
New York University’s Stern School of Business revealed a record-breaking MBA Class of 2024 profile. The new class earned the highest average GMAT in the school’s history: 733. They also showed their academic prowess with a new record average GPA of 3.62. Stern is also proud of the diversity of the newest MBA class, as percentages of women, international students and U.S. minorities all increased over last year.
Assistant Dean of MBA Admissions Lisa Rios remarked, “The strength of our newest class shows that demand for the MBA remains high, as top candidates seek skills to accelerate their career development and break into new industries. We’re thrilled that students of this caliber from a range of backgrounds continue to choose Stern, with many citing again and again the School’s tight-knit community and genuine emphasis on EQ. Stern students will benefit from the varied experiences of their peers and form bonds that will carry on throughout their MBA journey and beyond.”
Last year, NYU Stern had 3,958 applicants with a 19 percent acceptance rate and 360 students matriculated. This year, out of 3,553 applicants, Stern admitted 962, setting their acceptance rate at 27 percent. 324 candidates enrolled for the full-time MBA. Here are some highlights of the NYU MBA Class of 2024:
|Average Undergraduate GPA||3.62|
|Percent majoring in business||27%|
|Percent majoring in science, engineering, and math||25%|
|Percent majoring in social sciences||21%|
|Percent majoring in economics||15%|
|Percent majoring in arts, humanities, other||12%|
|Average GMAT Score||733|
|GMAT Score Range||640-800|
|Average GRE Quant Score||163|
|Average GRE Verbal Score||162|
|Percent Taking GRE||21.3%|
|Percent Taking GMAT||49.4%|
NYU Stern offers applicants a variety of entrance exams to take. While most (49.4%) still opt to take the GMAT, roughly 21 percent took the GRE. Approximately nine percent took the Executive Assessment and nearly four percent submitted MCAT/LSAT/DAT scores. Nearly six percent were eligible for the NYU test waiver, and 10 percent secured a test waiver.
|Countries Represented (by citizenship)||41|
|Average Work Experience||5 Years|
Diversity and Representation in the NYU Stern Class of 2024
Stern uses the 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, African American/Black students comprise six percent of the US domestic students, multi-dimensional reporting shows it’s actually eight percent. Two percent of the class are American Indian, Alaskan Native or Native Hawaiian, Pacific Islander. Twenty-seven percent identify as Asian American, 13 percent as Hispanic/Latino, and 14 percent as multi-race.
Forty-seven percent of the class are US minority students, and 21 percent are historically underrepresented minorities.
The MBA class includes students from 41 different countries, making up 44% of students–an increase of 12 percent over last year. The number of US military veterans and active-duty members inched up to 11 percent of the class. Women make up 45% of students, up from 41 percent last year. Nine percent of the new class identify as LBGTQ+.
Professional and Academic Background
The Stern Class of 2024’s average GMAT of 733 is the highest in the school’s history. The composition of undergraduate majors is similar to previous years, with 27 percent of students coming in with a business degree and 25 percent holding a degree in engineering, math, or science. Social science majors make up 21 percent of the class, economics 15 percent, and humanities/art/other students 12 percent.
The average length of professional careers for the class is five years, in line with most other US schools. Twenty-four percent of students came from the financial services industry and 12% from consulting. The consumer products/retail and military/government service sectors each cover eight percent of the class. Seven percent of new students came from tech.
Rios added, “We are excited to welcome the two-year Full-time MBA Class of 2024 to the Stern community. The big focus for Stern this year is centered on quality; this impressive cohort of students is incredibly strong both academically and professionally.”