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NYU / Stern MBA Essay Topic Analysis 2017-2018

NYU Stern School of Business

The Leonard N. Stern School of Business is located in the center of New York University’s main campus in Manhattan, New York. Along with its full-time MBA program, the school also offers part-time and Executive MBA options. Stern is widely recognized for its collaborative student community and emphasis on developing students’ academic and emotional intelligence, as well as for its large menu of elective course offerings. In addition, Stern’s New York City location helps position it as a popular business school for students aiming to secure post-MBA positions in finance.


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Faculty

Stern has 338 total faculty members, with more than 150 holding tenured or tenure-track positions.  In addition to teaching courses across the school’s 10 academic departments and programs, professors help staff Stern’s 13 research centers and initiatives, which range in focus from digital economy research to entrepreneurship and innovation.

Curriculum

Stern’s full-time MBA program is designed to be completed across four semesters of roughly 14 weeks each.  Prior to the official start of classes, some first-year students are selected for a program called Summer Start, which allows students who the adcom feels could benefit from a head start to begin earning credits toward their MBA during the summer.  After Summer Start, all first-year students participate in Launch, a two-week orientation period.  First-semester courses then begin in early September and continue through mid-December.  Following a month-long winter vacation, second-semester courses run from late January through mid-May, with commencement following shortly thereafter.  In the summer between the first and second years, students are strongly encouraged to gain professional exposure by completing an internship in their post-MBA target industry.

Upon entering the program, first-year students are divided into six blocks of 60 to 70 people each; each block takes the majority of its core courses together. Blocks are further broken down into study groups of five to six students each that work together to review material and prepare assignments for core courses. Professors at Stern use a variety of teaching methods including lectures, class discussions, group projects, problem sets and guest speakers, among others.

A total of 60 credits, more than half of which are elective courses, are required for graduation.  The first year of Stern’s MBA program is devoted mainly to completing core requirements.  All students must take the courses Financial Accounting & Reporting and Statistics & Data Analysis and then choose at least five courses from a list of seven that cover topics across operations, finance, economics, decision-making, leadership, marketing and strategy.  Students are allowed to waive core courses by proving prior experience in an area or by passing a proficiency exam.

Students may begin taking elective courses in the second semester of the first year.  The second year is comprised entirely of electives, except for the required Professional Responsibility course.  Stern students have a huge variety of electives to choose from, as the school offers more than 200 elective courses over a two-year period.  In addition, students may apply up to five courses at other NYU graduate schools to their MBA degree.  The school also provides many opportunities for international study, including semester exchange programs with more than 40 partner schools across the world and one- to two-week intensive courses, called “Doing Business In…,” in over 10 locations worldwide.

To help students tailor their MBA studies to their desired career paths, Stern offers specializations in 25 areas of study.  Students may choose up to three specializations, with each specialization requiring students to take about three elective courses in that area of study.

Other MBA Degree Options

In addition to the full-time MBA program, Stern offers part-time MBA programs at its Manhattan and Westchester campuses, as well as an Executive MBA program.  The school also recently partnered with the London School of Economics and Political Science and HEC School of Management in Paris to offer the TRIUM Global MBA, a global EMBA program in which students split time between the three schools.

Stern offers a variety of dual degrees in conjunction with other graduate schools at NYU.  These include a JD/MBA, an MBA/MFA and an MBA/MPA, among others.  Students can also earn two MBA degrees by applying to Stern’s dual MBA program with the HEC School of Management.

Specializations at Stern

  • Accounting
  • Banking
  • Business Analytics
  • Corporate Finance
  • Digital Marketing
  • Economics
  • Entertainment, Media and Technology
  • Entrepreneurship and Innovation
  • Finance
  • Financial Instruments and Markets
  • Financial Systems and Analytics
  • FinTech
  • Global Business
  • Law and Business
  • Leadership and Change Management
  • Luxury Marketing
  • Management
  • Management of Technology and Operations
  • Marketing
  • Product Management
  • Quantitative Finance
  • Real Estate
  • Social Innovation and Impact
  • Strategy
  • Supply Chain Management and Global Sourcing

Degree Offerings at Stern

Full-time MBA Program
http://www.stern.nyu.edu/programs-admissions/full-time-mba

Part-time MBA Programs
Manhattan campus: Evening and weekend options
http://www.stern.nyu.edu/programs-admissions/part-time-mba-nyc
Westchester campus: Evening
http://www.stern.nyu.edu/programs-admissions/part-time-mba-westchester

Executive MBA Programs
Stern-only and global options
http://www.stern.nyu.edu/programs-admissions/executive-education


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Clubs, Conferences & Competitions

There are plenty of opportunities for students to participate in extracurricular activities at Stern.  SGov, Stern’s MBA student government, oversees the school’s nearly 40 student clubs, spanning across professional, community, sports and social interests.  On the professional side, one of Stern’s largest clubs is the Entrepreneurs’ Exchange Club, which boasts over 1,000 members and organizes events, such as guest speakers and networking opportunities, and an experiential consulting program.  Meanwhile, the Stern Soccer Club travels around the country competing in soccer tournaments against other business schools such as Tuck, Fuqua and Kellogg.

Stern students and staff work to host a variety of conferences and competitions each year.  Annual conferences include the Social Entrepreneurship Conference and the Stern Women in Business Conference.  The Berkley Center for Entrepreneurship & Innovation also holds three annual business plan competitions—$300K Entrepreneurs Challenge, the Social Venture Competition and Mission: Appossible —that together award hundreds of thousands of dollars in cash prizes and grants to aspiring entrepreneurs.

Campus Space

Stern’s MBA program is headquartered in Kaufman Management Center, which lies near the middle of NYU’s Greenwich Village campus. Renovated in 2009, Kaufman features a variety of amenities, including meeting spaces, lounges, classrooms, a reading room and a café. Bobst Library, NYU’s main library, is home to over five million volumes and located next door. The school reports that many MBA students choose to live off campus, though housing is available in the Palladium, a residential building that houses over 100 Stern graduate business students. Stern also has a location at SUNY Purchase through which it offers one of its part-time MBA programs.


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Career Services

Stern’s Office of Career Development provides MBA students with a two-year Career Development Program, which includes career workshops, résumé reviews, mock interviews and industry panels.  Students can also work individually with the Office of Career Development’s career counselors or with second-year MBA Career Coaches who have been trained to advise students on the job search process.  Successful alumni also participate in Industry Captains-in-Residence through which they provide full-time students with expert advice and insights.  Throughout the MBA program, Stern students are exposed to recruiters through a variety of events, including networking receptions, company presentations and career fairs.  On-campus interviews begin in mid-October for second-year students and in early January for first-year students.

Career Statistics

The average starting salary for the Class of 2016 was $120,924, with an average signing bonus just above $31,000.  The most popular job function for Class of 2016 graduates was finance, chosen by 40% of students; investment banking was the most popular choice within the field, as 22% of graduates pursued it.  The function of consulting claimed nearly 34% of students.  Corporate finance, research, and sales and trading were also popular functions among graduates.

In regards to industry, financial services again led the stats with 34% of graduates.  Consulting was the next most popular industry, as 29% of the Class of 2016 joined it.  Consumer products and retail followed at 12% total.  Another well-represented industry was tech and the remainder of the class spread across non-profit, media/entertainment and other industries.

Ninety-four percent of the Class of 2016 chose jobs in the U.S.  Of those, 85% remained in the Northeast, following the common trend among business schools of placing a large proportion of graduates in the region where it is located.  Meanwhile, 7.5% of 2016 graduates found work in the Western U.S., just under 2% in the Mid-West, 3% in the Mid-Atlantic and 1% in the South.  For students choosing to work internationally, Asia and Europe were the most popular, claiming 4% and 1% respectively.


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NYU Stern Class Profile

NYU Stern received 3,927 applications to the Class of 2019, ultimately enrolling 402 students.  The average undergraduate GPA of students in this class is 3.48, with the 80% range spanning 3.12 to 3.81.  The average GMAT score is 714, and 80% of students scored between 650 and 760.

Thirty-six percent of students in the Class of 2019 hold undergraduate majors in business and commerce, while 17% majored in engineering, math, and science, 13% in the social sciences, 16% in humanities, arts or other, and 18% in economics. Upon entering the MBA program, students had an average of 4.9 years of work experience.  Twenty-six percent of the Class of 2019 worked in financial services prior to coming to Stern; other well-represented pre-MBA industries included consulting at 12%, the military and government at 7%, consumer products and retail at 6%, and nonprofit, arts and education at 6%.  Women make up 38% of the Class of 2019.  Thirty-seven percent of students in this class are international or dual citizens, and 11% identify as a member of an underrepresented minority group.  Twenty-nine percent identify more broadly as minority students.

Application Procedures

Stern offers four rounds of admission, with application deadlines typically in mid-October, mid-November, mid-January and mid-March.  In addition to filling out an online biographical form, applicants must submit essays, a résumé, lists of work history and extracurricular activities, and two letters of recommendation.  Applicants must also submit transcripts from each academic institution they attended, GMAT or GRE scores, and, if applicable, a TOEFL score and supplemental form for international students.  There is a non-refundable application fee of $250.  Interviews are conducted on an invitation-only basis and are required for admission to the MBA program.

Applicants who identify as African-American, Hispanic-American, or Native American may also apply to Stern through the Consortium for Graduate Study in Management.

Application Checklist


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Although tuition and fees for the 2017-2018 academic year is $69,086, Stern estimates that with additional expenses such as housing and textbooks, students will pay $110,562 in that time.  However, the school awards merit-based scholarships to approximately 20% of admitted full-time MBA students, in addition to offering teaching fellowships and graduate assistantships.  There are also a variety of scholarships available through outside organizations.  For further financial assistance, U.S. citizens and permanent residents may apply for federal or private loan programs.  Stern has partnered with MPower Financing, Prodigy Finance, and ReliaMax Global to offer loans to international students without a U.S. co-signer.

Cost of Attendance

  • Tuition $69,086
  • Registration Fees $4,092
  • Room & Board $25,320
  • Books & Supplies $1,980
  • Local Travel $1,110
  • Loan Fees $218
  • Miscellaneous $8,756
  • Total $110,562

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Stats

CLASS SIZE402
FEMALE38%
MEAN GMAT714
MEAN GPA3.48

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Contact

Mailing Address:
NYU Stern
Office of MBA Admissions
Henry Kaufman Management Center
44 West 4th Street, Suite 6-70
New York, NY 10012
Phone: 212-998-0600
Email: [email protected]
Web: www.stern.nyu.edu/index.htm
Blog: http://blogs.stern.nyu.edu/full-time-mba/
Twitter: @NYUStern

MBA LiveWire for NYU Stern

Application results in real time, submitted by site visitors.
August 7, 2017 12:50pm
Rejected from Waitlist via email.
GPA: 3.8. NYC.
July 11, 2017 5:31pm
Waitlisted via phone.
GPA: 3.6. GMAT: 740. New York.
June 14, 2017 11:06am
Rejected from Waitlist via n/a.
GPA: 3.5. GMAT: 750. US.
June 13, 2017 10:20pm
Accepted via email.
GPA: 3.1. GMAT: 750.
May 30, 2017 3:40pm
Rejected from Waitlist via email.
GPA: 3.07. GMAT: 770.

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