NYU Stern MBA News
Get the latest MBA news from NYU Stern.
Why McKinsey and Company Loves to Hire MBAs
When it comes to careers MBAs are likely to land, working for a management consulting firm like tops the list. McKinsey and Company is one such firm that conducts qualitative and quantitative analysis for companies around the world in order to evaluate management decisions across the public and private sectors. McKinsey is considered one of the most prestigious management consultancy firms globally and the firm’s clientele includes 80 percent of the world’s largest corporations, along with an extensive list of governments and non-profit organisations. More current and former Fortune 500 CEOs are actually alumni of McKinsey than of any
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Career Services Director Q&A: NYU Stern’s Beth Briggs
An English major with a master’s degree in social work, Beth Briggs brings an array of resources to her role as senior director of the Office of Career Development at NYU’s Stern School of Business. After devoting the first portion of her career to various forms of social work, she transitioned to a more formal consulting role at Mercer, where she spent eight years, initially as a team writer but ultimately as a principal in the firm. At Mercer, she worked with a range of New York City‒based clients across industries around their human capital needs.
Coming to NYU Stern in 2008, she started initially at what has since become the school’s Office of Student Engagement, helping to run its NYC experiential learning programs, including Stern Consulting Corps, through which MBA students work with for-profit and not-for-profit organizations throughout New York City. Briggs left the Office of Student Engagement for the Office of Career Development in 2009, where today she leads the career coaching, relationship management and operations teams for full-time MBA students.
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Published: April 26, 2016
New NYU Stern Textbook to Advance Study of Business and Human Rights
Three years ago, NYU Stern School of Business became the first leading U.S. business school to establish a center dedicated to advancing human rights through better business practices. Now, maintaining its position in the vanguard of this movement, the Center for Business and Human Rights has literally written the book on the subject. Business and Human Rights: From Principles to Practice is the first-ever comprehensive, interdisciplinary text to tackle the challenges facing companies as they seek to pursue both profits and the protection of human rights. Through its publication, editors Dorothée Baumann-Pauly and Justine Nolan hope
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Published: April 20, 2016
Hot MBA Jobs: IT Manager/Director
The following post has been republished in its entirety from its original source, metromba.com.
As the lines between business and technology industries continue to blur, more and more information, computer and tech professionals are looking to business schools and MBA programs to achieve a leg up on the competition. An MBA with a focus on information technology (IT) is a great path to landing any number of tech-related jobs. One such position is that of the IT manager/director.
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Published: April 18, 2016
MBA DecisionWire Reveals More Popular School Pairings
Welcome back for the second in our series of posts offering analysis of the data we are receiving on MBA DecisionWire. For the uninitiated, MBA DecisionWire is a resource that allows candidates to share where they’ve decided to attend business school based on the offers they received. In this, its inaugural season, the rate of entries is ramping up as students make their final choices for the next academic year. Popular School Pairings In our first post in this series, we looked at schools that tend to draw some of the same applicants. Those popular school pairings included
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Published: April 18, 2016
Why MBAs Still Flock to Morgan Stanley
This post has been republished in its entirety from its original source, metromba.com.
Joining an elite investment bank such as JPMorgan Chase, Morgan Stanley or Goldman Sachs is the ultimate goal for many MBA graduates. The good news is that these elite institutions are hiring more MBAs than ever, despite ongoing job cuts and restructuring across the investment bank industry.
In 2014, the Graduate Management Admission Council (GMAC) revealed that 26 percent of MBAs landed a job in finance/accounting—more than any other industry. And in 2015, overall employment within the financial services sector rose from 35 percent to nearly 37 percent.
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Fridays from the Frontline: Satisfied Sternie Explains Why She Chose Stern
In case you missed the brouhaha that went along with the most recent U.S. News & World Report’s ranking of business schools, NYU Stern School of Business failed to get in all of the requested data on time and suffered a mighty consequence: plummeting from 11th to 20th. Given an advance copy of the rankings to review by U.S. News, Stern questioned the precipitous drop. “U.S. News told us that Stern’s drop was largely attributable to a single missing data point—one missing answer (concerning how many students submitted GMAT scores) out of over 300 questions,” wrote
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Published: March 17, 2016
Social Impact and the MBA: Business Schools Where the Two Are Synonymous
“Oh, God yes!” replied Stacey Rudnick when asked if interest in social impact is on the rise among the MBA students she counsels. Rudnick leads career services for the McCombs School of Business at the University of Texas at Austin, but her emphatic reply is a standard refrain at any number of leading business schools when asked the same question. Student participation in McComb’s annual “Business for Good Summit,” held each February, has been steadily growing, Rudnick shares, as has Net Impact chapter membership and overall career interest in social impact. “And the higher interest is
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Published: March 15, 2016
7 Things You Need to Know About the 2017 U.S. News Business School Ranking
Harvard Business School (HBS) reclaimed the number one spot in this year’s U.S. News & World Report ranking of the nation’s best MBA programs after a two-year stint in second place. Stanford Graduate School of Business (GSB), which has passed the crown back and forth with HBS for more than a decade, took second this year, tying with the University of Chicago Booth School of Business.
In addition to the subtle movements of programs rising or losing a rank, there were quite a few surprises in this year's list. The Clear Admit team of admissions experts has sifted through the data and compiled a summary of seven key things to note this year:
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Published: February 17, 2016
NYU Stern’s Center for Sustainable Business Launches with $1 Million from Citi Foundation
New York University’s Stern School of Business today launched its new Center for Sustainable Business, aided by a $1 million investment by the Citi Foundation. With leading environmentalist and former Rainforest Alliance president Tensie Whelan at the helm, the center will work to educate a new generation of business leaders capable of and committed to doing well by doing good.
Stern and the Citi Foundation have collaborated for more than a decade on programming to educate students on ways the private and public sectors together can help tackle some of the greatest challenges facing the planet today while driving sustainable economic growth. The new center’s launch promises to expand these efforts through coursework; thought leadership and research; and stakeholder engagement and projects.
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Published: February 7, 2016
Executives with an MBA: 5 Success Stories
This story has been republished in its entirety from its original source, metromba.com.
Recently, MBA programs have received a lot of criticism. Many business leaders and experts have claimed that the necessity of an MBA to achieve success is a myth. However, while there are examples of successful people like Bill Gates, Steve Jobs and Mark Zuckerberg, who didn’t complete university, there are also many examples of compelling executives with an MBA.
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Published: February 2, 2016
MBA Admissions Mashup: Why MBA?
Every Wednesday, we share a round-up of the latest news from admissions blogs at the top business schools. This week’s MBA Admissions Mashup takes a look at the fundamental question: Why MBA? Why devote two years (or one year) of your life to attend business school? Student guest writers took to the blogosphere to explain their decision to pursue an MBA. We also have some advice on whether or not to hire an admissions consultant (and where to find one), as well as a very excited Wharton admissions committee. So, why MBA? You’ll hear this question posed in essay prompts,
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Published: January 28, 2016
Consulting Career Prep at NYU’s Stern School of Business
This post has been republished in its entirety from its original source, metromba.com.
If you want to earn an MBA with the end goal of pursuing a consulting career, New York University’s Stern School of Business should be on your radar. Stern had 28 percent of its 2015 graduates accept jobs in the consulting field. Furthermore, eight prominent consulting firms hired three or more graduates from the Stern School each in 2014. Consulting employers include the Boston Consulting Group, McKinsey & Company and PricewaterhouseCoopers.
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Published: January 25, 2016
Choosing a Business School for Entrepreneurship
Typing “startups are hard” into Google returns approximately 32 million results—ranging from “Startups Are Hard in 100 Different Ways” to “15 Reasons Startups Are !@#$ing Hard.” Perhaps that has a little something to do with why more and more savvy entrepreneurs are choosing top business schools as their training ground.
With expanding entrepreneurship curricula, cool campus startup accelerators and ever increasing numbers of business plan competitions—to say nothing of the all-important access to powerful networks of potential investors—the MBA is becoming the preferred path for many would-be founders.
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Published: January 13, 2016
Best Bets for Banking: Business Schools That Help Land Jobs at Prestige Firms
Admittedly, the percentage of MBA students clamoring for jobs in investment banking is not what it once was. Thanks, 2008 global financial crisis. Nevertheless, the allure of exciting, highly compensated work that provides an opportunity to advance at break-neck speed in terms of both responsibility and pay still makes many a job-seeking MBA student weak in the knees.
With annual starting salaries around $125,000—to say nothing of standard bonuses and other compensation—investment banking draws a significant portion of graduating MBAs at many top schools. And it’s not just about the money. Heading into investment banking also lets you work with C-level executives right from the start, involves rubbing elbows with some of the most powerful people in business, provides a well-defined career path for those who opt to stay in the industry and offers an array of jumping off opportunities, be it with client companies or starting your own firm.
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Published: November 17, 2015
Bloomberg BusinessWeek Rankings Data Reveal High Cost of MBA Networking
While most who are contemplating an MBA at a leading business school are well aware of the steep costs of tuition and foregone earnings, the budget line item for “extras” is sometimes overlooked. Bloomberg BusinessWeek, as part of its annual ranking of full-time MBA programs, asked students from the Class of 2015 just what they spend on nonessential items. The findings? The more prestigious the school, the higher the cost of networking.
Harvard Business School (HBS), which was number one in Bloomberg BW’s most recent overall rankings, also topped the charts in terms of students’ median expenditure on nonessential items, at $16,290.
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Published: October 22, 2015
Fridays from the Frontline: MBA Data Guru Analyzes Interview Acceptance Rates
This week, we’ve had the pleasure of connecting with Wayne Atwell, a second-year MBA student at NYU Stern School of Business, who is perhaps better known as the MBA Data Guru. In January 2014, while in the midst of applying to business school himself, he launched a website with that name after crunching numbers to figure out his own chances of getting into the various schools where he had applied. (Atwell is pictured above, far right, with his Stern block and their strategy professor, Sonia Marciano.)
In using data to answer his own questions about the MBA application process, he realized he was also answering the questions of other MBA applicants, and so www.mbadataguru.com was born. As for why and how he’s kept updating it, even now amid the hectic pace of a full-time MBA program? “Mainly I like playing around with data,” he says. “I find it fun.” But he’s also gotten to chat with lots of MBA applicants, learned a bit about web development and managed to grow an audience, he adds. “Still, it’s more of a hobby than anything else."
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Published: September 16, 2015
New Forté “Rising Star” Pilot Program Preps Undergrad Women for Business
Undergraduate women on 10 U.S. campuses can now participate in a fun, free online program designed to help them prepare and compete for top jobs in business-related fields. The new “Rising Star” pilot initiative, announced yesterday by the Forté Foundation, is designed to encourage young women of all majors to start exploring career options early to better position them for jobs in business fields immediately upon graduation. By extension, the new program could also help position women to apply to competitive MBA programs after acquiring requisite work experience.
Schools participating in the “Rising Star” program include Carnegie Mellon University, Cornell University, George Washington University, Indiana University, New York University, Ohio State University, the University of Michigan, the University of Texas at Austin, William & Mary and Yale University. Forté handpicked the participating schools, most of which are in the consortium’s business school membership already, with the goal of including a diversity of schools ranging from large public institutions to small private colleges. “We went to familiar campuses where we have a strong support network for this pilot year, with the intention of expanding as soon as the pilot year is over,” says Forté Executive Director Elissa Sangster.
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Seven Schools Join Forces for Events Focused on Women in Business School
Starting next week, seven leading business schools will host a series of events around the country designed to showcase the value of the MBA for women and the experiences of women in business school. Participating schools include Michigan’s Ross School, the Haas School at UC Berkeley, Cornell Johnson, UVA’s Darden School, Duke’s Fuqua School, NYU Stern and the Yale School of Management.
Admissions representatives and alumnae from all the schools will gather for each of five events, scheduled for Chicago, Washington, DC; New York City, Boston and San Francisco. The events will each feature a panel discussion in which female alums from each school will discuss the implications and value of an MBA degree for women in business today. Participants will also have an opportunity to meet fellow prospective applicants, network with alumnae, get tips on the application process and learn more about life on campus and recruiting.
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NYU Stern Ranked Number One in Support of LGBTQ MBA Students
Last week’s momentous Supreme Court ruling on marriage equality helped more people than ever before feel like the United States is a great place to be part of the LGBTQ community. Maybe it got you wondering about which business schools are the best places to be part of that community?
As it turns out, there’s a ranking for that. And this year, New York University (NYU) Stern School of Business soared to the top, winning recognition for getting more of its student body involved to help foster an LGBTQ-inclusive campus culture than any other top business school.
The MBA Ally Challenge rankings, released in June, are the culmination of a year-long competition launched by nonprofit organization Friendfactor as part of an effort to encourage straight people to become visible and active allies in their workplace and campus communities.
Twenty-three schools participated this year, shattering prior records. Together, the business schools involved 9,000 students as allies—more than double last year’s participation of 4,300—and hosted more than 280 events and activities. Collectively, the schools improved LGBTQ inclusiveness on campuses by 30 percent based on measures taken at the beginning and again at the end of the school year, Friendfactor reports.
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New Certificate Program at NYU Stern Lets Working Professionals Sample the MBA
Not sure you’re ready for a complete MBA? Why not try out a quarter of an MBA? A program introduced earlier this year at New York University (NYU) Stern School of Business lets you do just that. The new Advanced Professional Certificate (APC) program lets participants take five courses in either finance, marketing or general business taught by Stern’s world-class faculty, alongside students in the school’s part-time MBA program. Upon completion of any of the three tracks, participants receive a certificate registered with the New York State Department of Education.
The program is great for working professionals who want to quickly build knowledge in a specific area as well as for those who already have an MBA but want to refresh or supplement their expertise. Qualified candidates can apply for admission to the program and take courses on a part-time basis in MBA classes where there is capacity. Enrolled students will have up to two years to complete the five courses, or 15 credits, required for certification in any of the three tracks.
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NYU Stern Head of Admissions Offers Advice on Essays Posted Today
Just after New York University (NYU) Stern School of Business posted its essay questions for the 2015-16 admissions cycle this morning, Assistant Dean of MBA Admissions Isser Gallogly got on the phone with Clear Admit to share some advice on what the school is looking for in prospective applicants’ responses.
Stern didn’t change much this year in terms of its essay prompts. The first, identical to last year, invites applicants to outline their professional aspirations, including why they are pursuing an MBA now, what they have done to determine that Stern is the best fit for them and what they see themselves doing professionally when they graduate.
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Rainforest Alliance President Joins NYU Stern to Head New Sustainable Business Center
Resolving to better train business leaders to take on the environmental and human challenges facing the world, New York University (NYU) Stern School of Business today announced that it will ring in 2016 by launching a new Center for Sustainability Business. Environmental activist and steward Tensie Whelan, currently the president of the Rainforest Alliance, will join the Stern faculty to establish and lead the new center in January 2016.
Whelan, who earned her bachelor’s degree from NYU in 1980, returns to her alma mater with more than 25 years of experience confronting environmental and sustainability issues at the local, national and international level. She helped grow the Rainforest Alliance’s budget from $4.5 million to $50 million, recruiting 5,000 companies in more than 60 countries to transform their engagement with sustainability through partnership with the organization.
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Star Sternie Recognized for Helping Promote Inclusion and Diversity within NYU’s MBA Class
Hurnyak with NYU Stern Dean Peter Henry at last night's Academic Awards and Service Recognition Reception
Rachel Hurnyak is proof positive that good things sometimes come in small packages. The petite, soft-spoken president of NYU Stern School of Business LGBTQ student group OutClass was honored by Dean Peter Henry at an awards ceremony last night for her leadership and contributions to the school’s community.
Thanks to the efforts of Hurnyak and other Sternies, the New York City business school this year introduced numerous initiatives emphasizing diversity and inclusion—part of the school’s commitment to promoting “EQ” (emotional quotient) as an integral value within graduate management education.
“I wanted to come to NYU Stern because to me it represented the type of school that would be the best and brightest in terms of diversity and inclusion,” Hurnyak said in an early-morning interview with Clear Admit yesterday before heading off to Yankee Stadium for NYU’s school-wide graduation ceremony. (She did not yet know about the award she would receive later that night.)
Hurnyak, who identifies as a member of the LGBTQ community, was less drawn by the school’s proximity to Wall Street and its investment banks and more by its location within the Village, where the LGBTQ civil rights movement began in the 1960s, she says. When she arrived, though, she found that there was still room for improvement in terms of making the school a more diverse and inclusive place where everyone—regardless of sexual orientation, race, class or gender—could feel safe and supported.
Rather than waiting for something to happen organically or one person leading the charge for change, several groups—including OutClass, the Association of Hispanic and Black Business Students and Stern Women in Business—worked collaboratively to champion greater diversity and inclusion school-wide, Hurnyak says. “Together, we succeeded at getting Stern to a much better place.”
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Published: April 22, 2015
Spain’s IE Business School Debuts Redesigned International MBA Program
IE Business School in Spain launched its redesigned International MBA (IMBA) program last week with a special event held in the innovative MadridDome tech space. The new one-year MBA program begins this month, with an inaugural cohort made up of 90 percent international students from 65 different countries.
Speakers at the kick-off event on April 13th and 14th included Netflix co-founder Marc Randolf and astronaut Michael López-Alegría, who shared why they view innovative leadership and the entrepreneurial mindset as integral to business management. López-Alegría, the former commandant of the International Space Station, underscored the importance of innovation and creativity when it comes to launching new business ventures, citing private space tourism initiatives as an example. Netflix’s Randolf stressed that the most important thing for entrepreneurs is not to have a good idea, but to put it into practice—and that learning from mistakes along the way is an essential part of the process. Business schools can and should help foster this, he said.
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