NYU Stern MBA News
Get the latest MBA news from NYU Stern.
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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U.S., European Business Schools’ Expansion to China Continues with New IE Collaboration
Late last month, IE Business School signed a collaboration agreement with Chinese business school Antai College of Economics and Management to offer dual degrees to students from the two institutions, IE announced recently. Antai College, a leading business school in China and part of Shanghai’s Jiao Tong University, hold accreditation from each EQUIS, AMBA and AACSB. Antai College Dean Lin Zhou joined IE Dean Santiago Íñiguez de Onzoño for a signing ceremony at IE’s campus in Madrid on March 26th.
As part of the new agreement, students in IE Business School’s International MBA program can take a dual degree program with the Antai College of Economics and Management and vice versa. A dual-degree program is also available students in IE’s Master in Management and Antai’s Master in International Business program. In either instance, students will be able to complete both degree titles in two years, instead of the three years it would take to complete the degrees separately.
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Published: February 4, 2015
NYU Stern School of Business Woos Top College Seniors with Generous MBA Scholarship
Though many leading business schools prefer MBA applicants who have acquired at least a few years of work experience after college, NYU Stern School of Business features a special scholarship designed specifically for exceptional college seniors who seek to pursue a full-time MBA immediately after graduation.
The William R. Berkley Scholarship Program, established in 2013, covers the full two-year tuition and fees for NYU Stern’s full-time MBA program. It also provides a housing stipend of $18,000/year and an additional $10,000/year stipend for books and other expenses. Successful entrepreneur William R. Berkley (BS 1966) created the program that bears his name with a $10 million donation. He pursued his MBA at Harvard Business School immediately after graduating from Stern and wanted to provide similar opportunities for other aspiring young students like himself.
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Published: December 25, 2014
NYU Stern School of Business Volatility Institute Opens Extension at NYU Shanghai
A new extension of the Volatility Institute at New York University Stern School of Business is now open at NYU Shanghai, in the heart of Liujiazui, Shanghai’s financial center. Operating in close partnership with Stern’s Volatility Institute, the Volatility Institute at NYU Shanghai (VINS) is designed to provide opportunities for researchers focused on Chinese markets specifically, as well as financial markets around the world. Part of its aim is to facilitate collaboration and community-building between market participants and academic researchers within the region and beyond.
The NYU Stern Volatility Institute—established in 2009 by Stern Professor Robert Engle, a Nobel Laureate and volatility expert—was created to drive research on risks in global financial markets. Engle will also direct the VINS, with generous support from the Pudong Institute of Finance.
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Published: October 22, 2014
U.S. News & World Report Ranks Business Schools by Graduates’ Indebtedness
Rankings of graduate management education programs abound, each with their own particular criteria for assessing which business schools ultimately come out on top. Separate from its overall business school rankings, U.S. News & World Report recently used data collected from schools to determine the top 10 programs from which MBA students graduate with the most debt.
The number one spot goes to Duke University’s Fuqua School of Business, where full-time MBA students from the 2013 class who borrowed for business school had an average indebtedness of $108,186. Fuqua’s full-time MBA students had more debt than any of the other 86 ranked institutions, according to data submitted to U.S. News.
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Published: September 24, 2014
Admissions Director Q&A: Isser Gallogly of New York University’s Stern School of Business
Isser Gallogly, assistant dean of MBA admissions at New York University’s Stern School of Business, understands the MBA and its potential for changing people’s lives first hand. “I am on my third career,” he told us in an interview. He worked in banking after college and then returned to business school to obtain an MBA as part of a career shift toward marketing.
After almost a decade working for Unilever and Loreál, he decided to shift again toward education and academia. “I know how much an MBA has changed my life both personally and professionally, and helping others on that journey seemed to me to be a very gratifying job opportunity,” he said.
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Published: September 15, 2014
NYU Stern School of Business Names New Head of Career Services
The New York University (NYU) Stern School of Business late last month appointed Roxanne Hori to serve as its associate dean of corporate relations, career services and leadership. Hori joins Stern from the Kellogg School of Management at Northwestern University, where she led career management and corporate partnership for many years.
In her newly created role at Stern, Hori will be charged with building and managing corporate relationships to support career development for the school’s MBA students and alumni.
“As new industries emerge and grow, redefining the nature of the workplace and creating new means of value, it is essential that we identify and build strong relationships with the leading companies of the 21st century,” NYU Stern Dean Peter Henry said in a statement. “Roxanne Hori, with her proven record of leadership in both corporate and university roles, is well positioned to establish crucial links among our students, alumni and corporations.”
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Coding Finds Its Way Into Top Business School Curriculums
Harvard Business School (HBS) plans to offer a computer programming elective within the next couple of years, and other top business schools may be moving in the same direction as more companies seek MBAs with strong technical skills, according to a recent report in Bloomberg BusinessWeek.
Paul Gompers, who chairs the MBA elective curriculum at HBS, notes that MBA students there have formed coding clubs or head across to Harvard’s Cambridge campus to take introductory computer science, but that a course specifically tailored to business students is needed at the school.
“This is the changing nature of the workforce, and this is what our graduates are going on to be doing in the next five to 10 to 20 years,” Gompers told Bloomberg BW.
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Published: March 30, 2014
NYU Stern School of Business Appoints Alumnus as New Dean of MBA Students
Conor Grennan, an alumnus of New York University’s Stern School of Business, will become the school’s dean of students for the MBA program effective tomorrow, the school announced today. In his new role, Grennan will serve as a liaison between the Stern’s administration and its more than 2,500 full-time and Langone MBA students.
Before attending Stern’s full-time MBA program, Grennan founded non-governmental organization (NGO) Next Generation Nepal, which has rescued approximately 500 trafficked children in post-war Nepal and reconnected them with their families. While at Stern, he wrote Little Princes: One Man's Promise to Bring Home the Lost Children of Nepal, a New York Times best-selling book chronicling motivations for and experiences with his NGO. Grennan earned his MBA from Stern in 2010 and served as president of the student body during his second year there.
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Published: March 10, 2014
Harvard, Stanford, Wharton Tie for First in U.S. News Business School Rankings
U.S. News & World Report released its annual rankings of the best graduate schools, and a familiar cast of characters topped the list of top business schools, though with a few minor shifts. The Wharton School at the University of Pennsylvania sashayed up from third place up to tie for first with Harvard Business School and Stanford Graduate School of Business. The University of Chicago Booth School of Business gained some ground as well, moving up from the No. 6 spot last year to No. 4 this year.
Northwestern University’s Kellogg School of Management, meanwhile, dipped – sliding into the No. 6 spot vacated by Chicago Booth. MIT’s Sloan School of Management, which tied with Kellogg for fourth last year, also slipped, falling to fifth place.
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Published: December 2, 2013
New York University Names New Global Research Professor to Teach at Stern School of Business
Political scientist and foreign policy expert Ian Bremmer has been named a Global Research Professor at New York University (NYU) and will teach at NYU ’s Stern School of Business, the school announced today. Bremmer is president and founder of Eurasia Group, which provides political risk analysis to financial, corporate and government clients.
In his new role, he will teach courses at Stern on the intersection between political science and business. He will also organize lectures and seminars at both the business school and the Center for Global Affairs at the NYU School of Continuing and Professional Studies.
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Published: October 27, 2013
$10 Million Alumni Gift Creates New Scholarship Program for College Seniors at NYU’s Stern School of Business
New York University (NYU)’s Stern School of Business has received a $10 million gift from an alumnus to establish a new scholarship program supporting exceptional college seniors seeking to pursue their MBA at Stern directly following graduation.
William R. Berkley, chairman of the NYU Stern Board of Overseers and vice chairman of the NYU Board of Trustees, pursued his MBA at Harvard Business School immediately upon graduating with a Bachelor of Science from NYU in 1966. With the creation of this new scholarship program, named in his honor, he hopes to create opportunities for other graduating seniors who want to proceed directly on to business school.
“At 20 years old, I had big ideas and I was incredibly eager to get started. I knew the tools of an MBA would be essential, and I had no time to lose,” Berkley said in a statement. “I had the rare opportunity to pursue my passion at a young age, and we want to bring to Stern the brightest students in the world who are ready to do the same.”
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Published: September 18, 2013
Clear Admit Career Services Director Q&A: Pamela Mittman, NYU Stern School of Business
Next up in our Career Services Director Q&A Series is Pamela Mittman, assistant dean of career services and leadership development at NYU Stern School of Business.
An alumna of NYU Stern’s full-time MBA program, Mittman brings both a student and alumni perspective to the role. Before joining Stern as an administrator more than 10 years ago, she worked in consulting and financial services. In her current role at NYU Stern, she oversees career services and leadership development for all MBA students.
In answering our questions, Mittman helps to describe the very personalized career development process students will encounter at NYU Stern, including a special program known as IGNITE, which begins as soon as students arrive on campus. She also urges students to give careful thought to their personal brand, even when it comes to casual postings on social media pages. Check out more of what she has to say…
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Published: September 17, 2013
NYU Stern School of Business Launches New Event Series for Prospective Applicants
New York University’s Stern School of Business this month will launch a new series of events designed to connect prospective MBA applicants with Stern faculty and provide a glimpse of the Stern MBA experience.
“The Future of Business” event series will kick off on Saturday, September 28th, at 10 a.m. with a panel discussion on financial services and real estate. Three Stern professors – former investment banker Charles Murphy, Stern Center for Real Estate Finance Research Director Stijn Van Nieuwerburgh, and Robert Whitelaw, chair of Stern’s finance department – will speak in a TED-talk format, after which participants will have a chance to mingle with admissions officers and students from Stern’s full-time MBA, Langone MBA for Working Professionals and Executive MBA programs.
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U.S. News Ranks 10 Full-Time MBA Programs That Lead to Highest Student Debt
As part of its Short List series, U.S. News & World Report today took a closer look at the student debt load incurred by full-time MBA students graduating from top business school programs. According to data provided by schools as part of its annual ranking, U.S. News found that full-time MBA graduates in 2012 emerged with an average of $49,619 in debt. At the 10 schools where graduates incurred the most student debt, the average per student was $97,154.
Graduates of New York University’s Stern School of Business top the list in terms of average debt. There, the average graduate has a debt load of $105,782. Six figure debt is also the norm for graduates from the University of Virginia's Darden Graduate School of Business Administration, the Fuqua School of Business at Duke University and the Massachusetts Institute of Technology's Sloan School of Management, U.S. News reports.
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NYU Stern School of Business Dean Bowls, Publishes
In the midst of leading one of the top MBA programs in the world, Dean Peter Blair Henry of New York University (NYU) Stern School of Business somehow also finds time both to publish and to unwind with students.
A recent tweet from the school (#Stern2013) leads to photos of Henry just after he’s released a bowling ball down the lane. While scores aren’t revealed, he has the look of a cranker with a smooth delivery. Let’s just say, he didn’t throw a powder puff. Besides offering up an opportunity to show off their bowling lingo, MBA Bowling Night 2013 also gave Stern students a chance to unwind and celebrate the final weeks before graduation with both Dean Henry and Stern President John Sexton. Check out the slideshow for yourself.
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Admissions Director Q&A: Isser Gallogly of New York University’s Stern School of Business
Our 2014 Admissions Director Q&A with Isser Gallogly of NYU Stern is now available.
Isser Gallogly, assistant dean of MBA admissions at New York University’s Stern School of Business, understands the MBA and its potential for changing people’s lives first hand. “I am on my third career,” he told us in an interview. He worked in banking after college and then returned to business school to obtain an MBA as part of a career shift toward marketing. After almost a decade working for Unilever and Loreál, he decided to shift again toward education and academia. “I know how much an MBA has changed my life both personally and professionally, and helping others on that journey seemed to me to be a very gratifying job opportunity,” he said.
In the interview that follows, he talks about the mission of the Stern School under Dean Peter Henry and a new Essay 2 for full-time applicants, as well as some of the things he thinks not all prospective applicants know about Stern. And if Stern is one of your target schools, you’ll want to pay close attention to the very detailed explanation Gallogly provides of the admissions process at Stern, including his emphasis on the importance of the interview. So read on and be prepared!
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Published: January 9, 2011
Clear Admit Career Services Director Q&A: Pamela Mittman, NYU Stern School of Business
In the second installment of our Career Services Director Q&A Series, we connected with Pamela Mittman, assistant dean of career services and leadership development at NYU Stern School of Business.
An alumna of NYU Stern’s full-time MBA program, Mittman brings both a student and alumni perspective to the role. Before joining Stern as an administrator more than 10 years ago, she worked in consulting and financial services. In her current role at NYU Stern, she oversees the recruiting process for all MBA students.
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