NYU STERN SCHOOL OF BUSINESS
AnnualReport 2010
NYU Stern School of Business
AboutNYU’s
SternSchoolofBusiness
One of the world’s premier management education institutions, NYU’s Stern
School of Business is a collaborative community of energized and entrepreneurial
individuals. Located in the heart of New York City, the school benefits from its multitude of intellectual, commercial, cultural, and human resources. Stern students,
alumni, faculty, and staff members are passionate about their school, and there
is a never-ending discussion of how to continuously improve, push forward the
state of the art, and clearly demonstrate to the outside world the school’s myriad
strengths and differentiating factors.
Acompletelistof
theNYUschools
includes:
Arts and Science
College of Dentistry
College of Nursing
Courant Institute of
Mathematical Sciences
In some ways, the school’s story is analogous to that of its benefactor and namesake Leonard N. Stern, the billionaire son of the German immigrant founder of
the Hartz Mountain Pet Company. The Stern School’s roots trace back to NYU’s
School of Commerce, Accounts and Finance, which was founded in 1900 and followed shortly thereafter by the graduate program, which was founded in 1916
and based in downtown Manhattan. The “Wall Street Division” of the school was
in close proximity to the many financial institutions whose past, present and future employees made up a large component of the student body – a connection
that significantly influenced the school’s focus and culture, supporting its longtime distinction as a “finance school.” In 1992, following a $30 million landmark gift
from Stern, the launching of an innovative and diverse new core curriculum, and
the design and construction of a state-of-the-art facility, the undergraduate and
graduate programs were consolidated at NYU’s Washington Square campus and
the MBA program’s rankings and reputation ascended to an all-time high.
Gallatin School of
Individualized Study
Now named consistently among the top 10 or 15 schools worldwide by all the
prominent compilers of MBA program rankings, and recognized across its various
disciplines, Stern offers a number of MBA degree alternatives. Stern’s full-time MBA
program, #1 ranked Langone part-time program, multiple Executive MBA options,
and broad-based Ph.D program all reflect the school’s first-rate faculty, its superior
research expertise, its impressive network of corporate relationships, and its active
and committed alumni. Across all of its various programs, Stern lives and breathes
its commitment to being “a progressive, forward-looking, merit-based institution,
deeply committed to diversity, opportunity, innovation and excellence.”
School of Continuing
and Professional Studies
NYUPrograms
Stern’s Graduate School of Business is one of many prestigious NYU programs, all
of which have benefitted in recent decades from New York City’s soaring popularity as a venue to live, work, and visit. The brightest stars in the constellation of NYU
programs include the consistently top five-ranked law school, the Wagner School of
Public Service, the Tisch School of the Arts, and the Courant Institute of Mathematical Sciences. These and other programs at NYU boast world-class faculties, facilities,
and resources, and benefit greatly from their vibrant New York City locations.
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Institute of Fine Arts
Institute for the Study
of the Ancient World
Leonard N. Stern School of Business
NYU Abu Dhabi
Polytechnic Institute of NYU
Robert F. Wagner Graduate School
of Public Service
School of Law
School of Medicine
Silver School of Social Work
The Steinhardt School of
Culture, Education, and
Human Development
Tisch School of the Arts
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TheSternSchoolofBusiness
Stern is widely known as one of two world-class business schools in New York
City, but often considered more specialized in finance and known to be “scrappier”
than Columbia Business School, its uptown, Ivy League counterpart. After 15 years
of focused commitment to rounding out and strengthening its MBA program to
match its Henry Kaufman Management Center facility and powerhouse research
faculty, Stern continues to push forward with new and continuing initiatives. The
recently announced Concourse Project, aimed at tying the entire business school
complex together into one state-of-the-art facility, is a good example. Among
the many notable aspects of the Stern program are its internationalism and
entrepreneurialism, the diversity of its incoming classes, its strong connection to
the New York City community, the close-knit and cooperative spirit of its student
body, its many institutional partnerships and alliances, and its strong alumni and
corporate recruitment networks.
The multiple MBA options offered by the Stern School – full-time, part-time,
various EMBA programs – ensure that the student body is both broad and deep
in terms of its collective work experience, diversity, and post-MBA goals and
aspirations. Consistent with this approach, Stern offers one of the most extensive
lists of elective courses of any business school. The Stern experience is also
enhanced by MBA students’ ability to earn joint degrees or take classes in other
NYU graduate programs, for example, in pursuit of the JD/MBA degree or classes
in Health Care Administration at the Wagner School of Public Service. Furthermore,
the extensive list of adjunct faculty, visiting scholars, and executives-in-residence
who complement the faculty of the various departments brings experienced and
insightful practitioners into the community.
The Stern faculty and administration are agile and responsive, as evidenced by the
thought leadership provided during the current global financial crisis; by the first
quarter of 2009, a major collaborative effort by 33 faculty members had resulted
in 18 broadly distributed policy “white papers” and a published book on the
financial crisis, as well as a course offered by the white paper authors (which was
oversubscribed in a few hours when offered for registration). A major event related
to the book, held for alumni and the media and leveraging Stern’s relationships
to panelists the likes of Paul Volcker and Myron Scholes, is now being extended
into a series of discussions and lectures. As Dean Thomas Cooley—who will be
replaced by Stanford economics professor Peter Blair Henry in January 2010 —
notes regarding Stern:
“Stern is widely known as one of
two world-class business schools in
New York City, but often considered
more specialized in finance and
known to be ‘scrappier’ than
Columbia Business School, its
uptown, Ivy League counterpart.”
“By the first quarter of 2009,
a major collaborative effort by
33 faculty members had resulted
in 18 broadly distributed policy
‘white papers’ and a published
book on the financial crisis.”
“The high degree of intellectual activity assures that students are
taught to think analytically, critically, and ethically and to bring a
historical perspective to their analysis. Consequently, students are well
equipped to keep pace with a rapidly changing business world.”
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TheSternApproach
The Stern School’s stated mission – “to deliver the highest quality management
education to the brightest business students in a dynamic environment of mutual
learning, teamwork and support, to advance the frontiers of business knowledge
by fostering creative, cutting-edge research, and to leverage to the maximum extent our vital connection to New York City-our home, campus, classroom, and laboratory” – is evident in its approach to delivering its MBA programming, which aims
to balance theory and conceptual frameworks with practical application. A solid
base of management skills is built through required core courses, and students can
then build on that knowledge through specialized electives.
Generally speaking, the Stern MBA program emphasizes the school’s commitment to:
Real-World Perspective in its New York City Home. Leveraging its physical location at the heart of New York City, Stern strives to encompass
all of the dynamic energy of the “world’s business capital” in its MBA programs.
The Stern School prides itself on its real-world approach to business education,
and on the balance the school’s programs provide between theoretical learning
and practical, “roll-up-your-sleeves” engagement in the broadly defined business
community. For example, a case study developed by now Distinguished Service
Professor of Management Emeritus Richard Freedman on New York’s Metropolitan
Opera has given numerous students open access to and in-depth understanding
of the venerable institution (and a great chance to soak up some culture, to boot!).
In fact, the Metropolitan Opera is just the tip of the iceberg, as Stern has rolled out
a program called New York City Cases, which puts students in a variety of highprofile and interesting scenarios. Designed as a large group platform, each New
York City Case invites 200 students to an area organization, where they will soak up
a “day in the life” at that place of business (one example is going to the Steinberg
piano company, where students watch how the pianos are assembled), and then
go through a panel Q&A session before being presented with a specific problem
to address in the form of a team analysis paper. Cases can be any subject matter,
but often focus on marketing, operations, or strategy.
Highly Diverse, Yet Highly Collaborative Community. Stern is
proud of the exceptional diversity of its student body, and students thrive in the
rich, multicultural environment it affords; the school publicizes the fact that it has
a student body representing over 50 different nationalities and has long enjoyed
greater ethnic and racial diversity than other comparable programs, as well as a
higher percentage of women. Despite the fact that over half of its students in any
given year are aiming for post-MBA employment in a finance-related sector, Stern
is by no means one-dimensional in terms of its academics, nor is it looking for
competitive “lone stars” to feed into the banking industry. Participation in student
organizations is prolific, with most students involved in two or more. Academic
collaboration is a cornerstone of the Stern programs, and students actively engage
with each other and with the faculty, administration, and staff in all aspects of
the MBA experience. In fact, many prospective students who visit the campus are
surprised at the high degree of collaboration and mutual support between Stern
classmates and within the broader community, even relative to other comparable
programs.
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“The Stern School’s stated mission
is to deliver the highest quality
management education to the
brightest business students in a
dynamic environment of mutual
learning, teamwork and support, to
advance the frontiers of business
knowledge by fostering creative,
cutting-edge research, and to
leverage to the maximum extent
our vital connection to New York
City-our home, campus, classroom,
and laboratory.”
“Each New York City Case
invites 200 students to an area
organization, where they will
soak up a ‘day in the life’ at that
place of business.”
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Broad-based and Balanced MBA Curriculum. Although it is best
known for its finance department, Stern takes a balanced and general approach
to management education. In their first year, MBA students are required to study a
rigorous core curriculum covering all fundamental areas of business. In the second
year, students can customize the Stern curriculum to meet specific academic and
professional goals, including through choosing up to three specializations (or none
at all), taking electives during the day or in the evening with students from the parttime MBA program, leveraging one of the many study abroad offerings, or registering for elective courses at other NYU graduate schools.
An Oasis for Career Changers. Stern is considered one of the best possible destinations for “career changers” – students who are interested in moving from
one field to another by way of their MBA education. This is often seen as a positive
in an applicant, as Stern is one of the few business schools with a program tailored
to such candidates. The Industry Mentoring Initiative (IMI) allows Stern students to
apply for a very unique mentoring program that puts career changers into actual
companies to learn about a new industry or function and to make strong inroads
into that world through networking. It is a competitive application process and one
that that requires a clear move from one career to another, but for those students
who participate, it can be a lifesaver. The IMI program features tracks in six different industries: consulting, luxury and retail, marketing, media and entertainment,
investment banking, and sales and trading.
Relevant Course Content and Evolving Teaching Methodology.
Stern’s teaching methodology particularly emphasizes team projects, case studies,
experiential learning, and lectures. The school’s strong research emphasis is evident
in class content, which is regularly updated to reflect relevant developments in the
business world as well as Stern’s belief in the integration of MBA subject matter. The
highly engaged (and engaging) professors encourage students to challenge their
assertions and create a healthy back-and-forth in the lecture halls and classrooms
on a daily basis. The world outside the classroom serves as a very real and regular
venue for testing skills and theories, with opportunities like studying a local company as the basis for a group project, advising New York City non-profits through
the Stern Consulting Corp (SCC), making investment decisions through the Michael
Price Student Investment Fund, and obtaining funding for a new venture through
the annual Entrepreneur Business Plan Competition, which is open to one and all.
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“Stern is considered one of the
best possible destinations for
‘career changers’ – students who
are interested in moving from one
field to another by way of their
MBA education.”
“Many prospective students who
visit the campus are surprised at
the high degree of collaboration
and mutual support between
Stern classmates.”
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AdmissionsatStern
ApplicationEssayTopics
Stern typically requires three standard essay questions and then allows each candidate to answer an optional question (although
please note that these essay questions differ among the various MBA programs).
For 2008-2009, the essays on the Stern full-time MBA application were as follows:
1
Professional Aspirations (750 words)
Think about the decisions you have made in your life. Answer the following:
a. What choices have you made that led you to your current position?
b.
c.
2
Why pursue an MBA at this point in your life?
What is your career goal upon graduation from NYU Stern? What is your long-term career goal?
Your Stern Experience (500 words)
We take great care to shape the Stern community with individuals who possess both intellectual and interpersonal
strengths. We seek individuals who are highly intelligent, collaborative, and committed to flourishing as Stern leaders. Please
answer the following questions:
a. What is your personal experience with the Stern community? Tell us what actions you have taken to learn about us.
b. Describe what most excites you about Stern from both an academic and extracurricular perspective.
c. How do you anticipate making your mark on the Stern community? Be specific about the roles you will take on and the
impact you hope to achieve.
3
Personal Expression
Please describe yourself to your MBA classmates. You may use almost any method to convey your message (e.g. words,
illustrations)*. Feel free to be creative.
Please do not submit anything that must be viewed or played electronically (e.g. CDs, DVDs, MP3s, online links), that is
perishable (e.g. food) or that has been worn (e.g. used clothing). If you submit a written essay, it should be 500 words maximum,
double-spaced, 12-point font. If you are not submitting Essay 3 online, you are required to upload a brief description of your
submission in your online application.
Note: While NYU’s Personal Expression essay may still be submitted in many different forms (for example, written word, illustrations,
or sculptures), the school has been steadily imposing more guidelines, as evidenced above: electronic submissions as well as food and
clothing are now prohibited. Candidates can gain more insight into “Essay 3” by listening to Isser Gallogly, Executive Director of MBA
Admissions, on Public Radio’s “Marketplace,” but should note that restrictions have changed since the segment first aired.
4
Additional Information (optional)
Please provide any additional information that you would like to bring to the attention of the Admissions Committee.
This may include current or past gaps in employment, further explanation of your undergraduate record or self-reported
academic transcript(s), plans to retake the GMAT and/or TOEFL or any other relevant information. If you are unable to submit
a recommendation from a current supervisor, you must explain your reason in Essay 4. If you are a re-applicant from last year,
please explain how your candidacy has improved since your last application. If you are applying to a dual degree program,
please explain your decision to pursue a dual degree.
Veritas Prep clients working on their Stern applications will receive expert guidance on each of these essay questions, to enable
them to communicate in their own words and sentiments their fit with the school and its community. Head Consultants help clients
understand how to highlight strengths and weaknesses as well as unique elements within the confines of the question, while also
addressing each of the key business school admissions themes. Furthermore, Stern Specialists will help clients decide whether to
make use of the optional essay (Stern actually strong encourages using Essay 4 to address any issues, rather than trying to weave
them into other essays), how to embrace both the freedom and the challenge presented by Essay 3, and will ensure that all essay
responses are in keeping with what NYU is looking for in its applicants and that the program highlights included in this guide are
used as appropriate reference points and examples.
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AdmissionsCriteria
AdmissionsStatistics
Two decades ago, upon receiving Leonard N. Stern’s transformative naming gift of
$30 million, the Stern School implemented an initiative to attract the elite caliber of
student that would support its ambitious goals. Since that time, the profile of the
average Stern MBA student has strengthened significantly, and admissions criteria
have become increasingly stringent. As the school’s informational materials put it,
“the students entering Stern today are the brightest, best prepared in its history.”
Stern’s admissions statistics are what you
would expect from a top 15 business school.
Stern annually receives approximately 10 times
as many applications as there are seats in the
class, which is on par with other elite programs.
The Stern School’s admissions committee claims to evaluate each candidate “holistically,” paying careful attention to three clearly defined factors:
Academic Potential. Students should be “confident in their ability to master the required material and excel in the classroom,” and are assessed based on
past academic performance (as well as the institutions they attended) and general aptitude as measured by the GMAT. Successful candidates come from a wide
range of academic backgrounds, and Stern has no minimum GMAT score or GPA
required of applicants, and will only consider an applicant’s highest GMAT score.
Professional Achievements and Aspirations. Students who will
“share their experiences with classmates and perform as future business leaders”
are valued at Stern. Therefore, students who have interesting and significant work
experiences and who have progressed in their jobs are attractive candidates. The
Stern admissions committee also feels strongly that the time spent at Stern should
be used to pursue specific, defined short- and long-term goals, not to first identify them. Accordingly, it seeks candidates whose past experiences (and personal
passions) have led them to future goals, and who have a clear understanding of
how an MBA will assist them in achieving those goals, by assessing candidates’ essay content, resumés, work histories, professional recommendations, and through
their ability to express themselves in the interview setting (for 20-to-30 percent
of candidates, see below). Although work experience is not required to apply
to Stern, most applicants have “material” work experience (between one and 10
years). No one type of professional experience is prized over others, and diversity
of backgrounds is sought for each incoming class of MBAs.
Applications........................................... 4,779
Acceptance Rate................................19.9%
Yield...............................................................57%
Average GMAT score............................708
20th/80th Percentile
GMAT Range....................................660-760
Average GPA.............................................3.43
“The Stern admissions committee
also feels strongly that the time
spent at Stern should be used to
pursue specific, defined short- and
long-term goals, not to first
identify them.”
Personal Characteristics. Stern has long had a reputation with outsiders as a meritocratic institution, rich with “scrappy,” self-made individuals, rather
than entitled, legacy students (who might be perceived as having an edge at other
top schools). The way that Stern puts it is that it values “participants and leaders”
who will “contribute to the supportive and diverse Stern community.” The admissions committee looks for candidates who demonstrate leadership ability, maturity, character, and strong communication skills, and will develop into truly engaged
and passionate “Sternies,” with enduring pride in and commitment to the school.
They look to assess candidates versus these criteria by reviewing essay content,
professional recommendations, past activities and achievements, and through the
interview process.
In addition to the above three factors, the Stern admissions committee wants
to be convinced that applicants have “done their homework” on Stern, NYU, and
New York City, and feel confident that the overall environment is one that they
will thrive in and make a significant contribution to. To assess candidates in this
area, the admissions committee focuses on how aware candidates seem to be of
Stern’s culture, program offering, facilities, faculty, placement record, and alumni
network, and of how these aspects of the school appeal to them and meet their
specific needs. Stern students tend to be energetic, driven, out-going, sociable, entrepreneurial, and open-minded, and candidates possessing such characteristics
are sought. Of course, this focus on “fit” is of critical importance to the admissions
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committee in filling out the MBA class; they want to feel relatively certain that a
great number of admitted students consider Stern their “first choice” and will accept their offers of admission.
Stern offers informative podcasts to assist candidates in understanding the admissions committee’s perspective, which include Top 10 Tips for Getting Into Business
School, Demonstrating Your Academic Potential, and Presenting your Work Experience.
Interviews
Interviews at Stern are by invitation only, and prospective students who are invited
to interview on or off-campus during the application process constitute about 30
percent of all applicants. The Stern interview is typically conducted on campus
– although some off-site interviews are possible, in particular in India, England,
and China, depending on the specific candidate pool each year – and is usually
conducted by a trained admissions professional. (The school will also help candidates schedule lunch with a current student while visiting campus, which provides
another opportunity to gain insight into the program.)
Stern does not conduct “blind” interviews, meaning that an interviewer will be
highly familiar with the application package of the candidate he or she interviews.
During an interview, candidates are expected to be able to articulate key aspects
of their academic and professional profiles, their short- and long-term goals, and
why Stern is a good fit for them. The interview will be highly candidate-specific
and will make good use of the relatively short timeframe. Otherwise, there is no
one interview style that is used or any specific line of questions that can be expected. Being invited to interview at Stern during the admissions process should
be viewed as a positive development; it is considered a chance for the admissions
committee to get to know a candidate better, and close to 65 percent of those
interviewed are admitted.
Visiting Stern
Pretty much the only way for candidates to truly understand if Stern is a proper
fit is to interact with the program in person and get a feel for the academic environment, student life, and overall campus culture. Visiting the school is the most
obvious option as it offers the opportunity for face-to-face contact with current
students, professors, and admission representatives. However, Stern offers some
other creative alternatives for candidates who are unable to fit in an in-person
visit or want more insight into the “Sternie” experience than the duration of their
visit allowed them (see below). Furthermore, the school’s New York City location is
not for everyone, and an individual who feels uncomfortable with the fast-paced,
urban setting of NYU will not likely feel at home as a member of the student body.
“Stern has long had a reputation
with outsiders as a meritocratic
institution, rich with ‘scrappy’,
self-made individuals, rather
than entitled, legacy students.”
”The Stern admissions committee
wants to be convinced that
applicants have ‘done their
homework’ on Stern, NYU,
and New York City.”
Stern offers a variety of ways for candidates to come and experience the school
and the city for themselves:
Campus Tours & Information Sessions. Current students and members of the admissions staff conduct walk-in information sessions and tours during
the school year on Monday, Tuesday, Wednesday, and Thursday at 4:30 p.m. (in June,
July and August, the information sessions and tours are held on Monday, Tuesday
and Thursday at 4:00 p.m.). The sessions are informal and last approximately one
hour, including a facilities tour, information about MBA program options, and a
“Q&A” session. Interested candidates are asked to arrive 15 minutes early to register
with security and sign in at the Admissions Office, located in Suite 6-70. Although no
reservations are necessary, applicants would be well advised to confirm by phone
that the information session / tour will take place on the day that they plan to visit. 07
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Class Visits. It is common for applicants to Stern to visit a class, whether as
the “guest” of a current student with whom they are acquainted or as otherwise arranged with the Admissions Office. It is also common for such a class visit to be the
experience that convinces a candidate that Stern is the MBA program for him/her;
witnessing the dynamic exchanges with a seasoned professor on timely subject
matter, participating in the discussion of a topic of particular interest, and simply
getting a taste of the intellectual and collegial environment more than whets the
appetites of most prospective students. However, candidates would be wise to
plan ahead when considering Stern class visits; officially, Stern states that Fall Semester class visits are available to candidates beginning in early October, but that
visits to Spring classes are reserved for applicants who have been invited to interview (and begin in mid-February). Student clubs and organizations typically hold
annual conferences and events which can also potentially provide an opportunity
to visit the school and experience the Stern culture first-hand.
Outreach Events. In addition to the regular on-campus information sessions, the Stern Admissions Office hosts an extensive calendar of off-campus
events throughout the school year, meeting and informing prospective students
in over 40 cities around the world. The calendar of events is updated each summer
to cover the sessions offered to the next group of MBA applicants. Furthermore,
Stern has recently offered online chat sessions focused on different industries of
interest.
Graduate Ambassadors and Current Student Journals (Online Resources to Supplement Visits). A number of second-year
students with a good variety of backgrounds and specializations are available to
talk to prospective students as “Graduate Ambassadors” (they can be contacted by
email through the MBA website). Furthermore, a number of current students keep
regular journals that are accessible online, describing their day-to-day life at Stern
and giving insight into all aspects of the student experience. A number of other
students who have taken part in study abroad opportunities have also posted
journal entries covering their experiences at other international business schools.
Finally, a number of students have provided snapshot pieces under the heading
“A Day in the Life,” providing a further glimpse into the world of the Stern MBA.
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“Stern does not conduct ‘blind’
interviews, meaning that an
interviewer will be highly familiar
with the application package of the
candidate he or she interviews.”
“Being invited to interview at
Stern during the admissions
process should be viewed as
a positive development; it is
considered a chance for the
admissions committee to get to
know a candidate better, and
close to 65 percent of those
interviewed are admitted.”
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Deadlines
Contact Information
As with most top business schools, Stern features three rounds during which candidates may apply to its full-time program. However, unlike most elite schools,
Stern actually advertises a benefit to applying earlier. Applicants to Round 1 receive priority consideration for merit scholarships and off-site interviews, and
Round 2 applicants receive notification in time to attend the school’s “Pre-View”
admitted student event held in April. Applying during round three at any business
school requires careful examination of the pros and cons, but for Stern to highlight
missed opportunities for those who apply late is a soft indicator that Round 3 is
more challenging at NYU than at most top schools. Stern also encourages international candidates to apply by its Round 1 deadline to facilitate visa arrangements
and to have priority consideration for off-site interviews.
NYU Stern School of Business
Henry Kaufman Management Center
44 West 4th Street (at Greene Street)
New York, NY 10012
Phone: 212.998.0100
Email: [email protected]
Full-Time Program Deadlines:
Round 1
Submission Deadline
November 15, 2009
Decision Notification Date
February 15, 2010
Round 2
Submission Deadline
January 15, 2010
Decision Notification Date
April 1, 2010
Round 3
Submission Deadline
March 15, 2010
Decision Notification Date
June 1, 2010
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Financial Assistance at Stern
Tuition and Cost
Financial Assistance Options
The following annual costs
released by the Stern School
for 2008-2009 are based on a
nine-month academic year:
The Stern School offers a variety of options for exploring financial assistance, some
of which all incoming students are automatically considered for, and others that
require students to complete specific application materials. The MBA Financial Aid
Office can be contacted by email for more information at [email protected], and
the following sections offer descriptions of many of the different options that have
been available.
Stern Merit-Based Scholarships - Up to 30 percent of Stern first-year
students receive merit awards each year, through funds provided by the Stern
School and outside donors. All admitted students in the full-time program are
considered for merit-based assistance (priority consideration is given to Round 1
applicants), and recipients are notified of fellowship awards at the time of admission. In addition to the merit scholarships awarded directly by Stern, merit awards
are made using funds from organizations like the Consortium for Graduate Study
in Management, an alliance of American business schools and top corporations
established to enhance diversity in business education and leadership by helping to reduce underrepresentation of minorities in MBA programs; and the Forté
Foundation, another partnership between major corporations and top business
schools that aims to substantially increase the number of women business leaders. Another example is the Kenshin Oshima Scholarship, which provides up to
$50,000 in support to the most promising first year MBA student with a “deep and
abiding interest” in Asian culture. All admitted students are considered for the Kenshin Oshima Scholarship, which is typically awarded in late summer.
Additionally, accepted Stern students can apply for the NYU Reynolds Program
in Social Entrepreneurship, which awards up to 20 Graduate Fellowships in Social
Entrepreneurship to students from across 11 NYU schools, good for up to $25,000
for each of two years of study.
Graduate Fellowships and Teaching Fellowships - The Stern
School offers a limited number of graduate fellowships and teaching fellowships
to qualified MBA students who have completed at least two semesters at Stern,
are enrolled in the semester of appointment, have an average GPA of at least 3.0,
and have appropriate course experience. Students secure these positions directly
through the departments that have approved positions.
Need-Based Scholarships and Grants - In light of the recent financial crisis, Stern is in the process of shifting more funding towards need-based
scholarships. All admitted students are invited to fill out an application for needbased assistance.
Outside Funding Options
New York State Tuition Assistance Program (TAP). TAP is a
need-based grant determined by family income and other factors. To be eligible
for TAP, a student must be a United States citizen or eligible non-citizen, be a legal
resident of New York State, study full time (at least 12 credits per semester) at an
approved postsecondary institution in New York State, and meet other specific
requirements on an on-going basis. More information about this program is at
www.hesc.com.
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Tuition & Fees*.............$45,242 per year
Room & Board ............$21,192 per year
Books & Supplies...........$1,872 per year
Local Travel.......................... $729 per year
Miscellaneous**.............$6,589 per year
Total....................................$75,624 per year
*Includes a one-time fee for Pre-Term
** Includes health insurance costs
Federal and Private Loans
As with most graduate programs, Stern makes
available a series of loan programs that comprise the bulk of each student’s financial assistance:
Federal Stafford Loan. Available to U.S. citizens and permanent residents. The maximum
dollar amount is $20,500 and the subsidized
amount can be up to $8,500, depending on
financial need.
Federal Perkins Loan. An interest-free loan
while in school, it is a smaller loan program
available to qualified students who are U.S.
citizens and permanent residents.
Federal Graduate PLUS Loans. This loan
can cover cost of attendance after other assistance has been calculated, provided the
student qualifies and is a U.S. citizen or permanent resident.
Private Loan Program. Some Stern students are approved for loans from private
lenders, which are applied to tuition pro rata
on a semester basis.
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NYU Stern School of Business
Stern Students
StudentStats
As is the case at other top business schools, the student experience at Stern has
as much to do with the other students as it does with programs, faculty, or career
opportunities.The various MBA programs offered at Stern mean that there are students of all ages, backgrounds, marital and family status, and employment status
within the facilities at any time. This diversity of age and family situation also gives
Stern more of a “real life” feeling than some comparable programs; students may
need to get home in the evening to put kids to bed, have a work assignment due,
or a business trip that conflicts with a study session. In general, Stern can be described as a meritocracy, where highly-engaged participants in all aspects of the
MBA lifestyle can thrive. The Stern full-time program lifestyle is intense and fast
moving; students spend a great deal of time together, both inside and outside of
the classroom, studying, working on group projects, strategizing their job hunts,
and frequenting the weekly “Beer Bash” as well as taking advantage of the many
great clubs, bars, and restaurants in Greenwich Village and the broader city.
Total Stern Enrollment..................... 3,347
Industries Represented:
Engineering, Math,
and Science...............................................19%
Full-Time MBA Enrollment................832
Average Age.................................................27
Male Students..........................................59%
Female Students....................................41%
Minority Students..................................30%
International Students........................33%
Undergraduate Major:
Business/Finance...................................30%
Economics.................................................18%
Energy 3%
Nonprofit, Arts, Education 3%
Commercial Banking 3%
Social Sciences........................................18%
Accounting 2%
Financial Services 20%
Real Estate 3%
Liberal Arts & Other..............................15%
Student Organizations
Military, Government 4%
Pharmaceuticals/Biotechnology/
Healthcare 5%
Consulting 15%
Technology 6%
Entertainment/Media 7%
Marketing, Advertising,
Public Relations 10%
Other 9%
Investment Banking 10%
Average years of pre-MBA work experience – 4.9
Participation in student organizations is prolific at Stern, with most students involved in
two or more of the over 40 professional, community, social, and athletic clubs (for a full
list, click here), or in the active and influential
Student Corporation (or “SCorp,” the Stern student government). Although the creation of
new student organizations is relatively common at Stern – when good and sustainable
ideas are raised and the leadership is ready
and willing – there are numerous organizations that have thrived and endured over the
years at Stern, and their traditions are firmly
part of the Stern MBA experience. Some of
the most popular student organizations are
the following:
• Asian Business Society
• Association of Hispanic
and Black Business Students
• Entrepreneurs’ Exchange
• Social Enterprise Association
• Graduate Finance Association
• Graduate Marketing Association
• Media & Entertainment Association
• Stern Women in Business
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• SpeechMasters
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NYU Stern School of Business
Stern Academics
Teaching Methods
As discussed in prior sections, Stern is an elite business school focused on providing world-class degrees in General Management with optional, tailored specializations. The school has a long-standing reputation as a strong finance school, and
boasts established, increasingly recognized strengths in all the other areas of MBA
education. Among the many notable aspects of the Stern program is how it integrates its powerhouse research faculty, its internationalism, its entrepreneurialism,
and its diversity into the day-to-day classroom experience. However, probably the
factors that most impact how Stern delivers it MBA education are its location in
the center of New York City and the strong ties to the city’s immense and dynamic
business community, which allows for a real-world component to just about any
business subject being studied and for students to test their skills in short-term
projects and internships with local firms. Despite the ties to New York City (Stern’s
“home, campus, classroom, and laboratory”), the school’s administration prides itself on the broadly applicable nature of the education it delivers, stating, “Stern
students develop the skills they need to succeed in any business environment,
anywhere in the world.”
Stern describes its teaching methodology as being a combination of the
following elements:
The multiple MBA options offered by the Stern School – full-time, part-time, various EMBA programs – allow Stern to offer one of the most extensive lists of elective courses of any business school. The Stern experience is also enhanced by
MBA students’ ability to earn joint degrees or take classes in other NYU graduate
programs, for example, in pursuit of the JD/MBA degree or classes in Health Care
Administration at the Wagner School of Public Service. Furthermore, the extensive
list of adjunct faculty, visiting scholars, and executives-in-residence who complement the faculty of the various departments brings experienced and insightful
practitioners into the community.
Team Projects...........................................30%
Case Studies..............................................25%
Experiential Learning..........................20%
Lectures.......................................................20%
Other............................................................... 5%
“The factors that most impact
how Stern delivers it MBA education
are its location in the center of New
York City and the strong ties to the
city’s immense and dynamic
business community.”
Teaching Philosophy
Stern describes its teaching methodology as being a combination of the following elements: team projects (30%), case studies (25%), experiential learning (20%),
lectures (20%), and other (5%). The school’s strong research emphasis – including
through such world-renowned research centers as the Salomon Center for the
Study of Financial Institutions, the Berkley Center for Entrepreneurial Studies, and
the Glucksman Institute for Research in Securities Markets – is evident in class content, which is regularly updated to reflect relevant developments in the business
world. Professors encourage students to challenge assertions, to create a healthy
back-and-forth in the lecture halls and classrooms on a daily basis, and to make use
of the world outside the classroom serves as a venue for testing skills and theories.
Class Organization
At the Stern School, each incoming MBA class is divided into six “blocks” of 60-70
students, who work closely together during the entire course of their Year 1. Students identify themselves as members of their respective blocks, and, although
great effort is made to have each block be as diverse as the overall class itself, each
takes on a character of its own based on the personalities and interests of its members. Block members share an intense and transformative period of personal and
professional growth and, whether or not they become enduring friends and key
members of each other’s networks, they maintain a strong connection post-MBA.
Each block elects three “block leaders” (one international) to organize block activities, represent the block to the Stern Student Corporation (SCorp), and administer
the block budget.
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NYU Stern School of Business
In the second year, students can customize the Stern curriculum to meet
specific academic and professional goals, including choosing up to
three specializations (or none at all), taking electives during the day or in
the evening with students from the part-time MBA program, leveraging
one of the many study abroad offerings, or registering for elective courses
at other NYU graduate schools.
Core Classes
From the first semester, Stern takes a balanced and general approach to
management education. In their first year, MBA students are required to
study a fairly rigorous core curriculum covering all fundamental areas of
business. Out of 60 credits required for graduation, just 5.5 come from the
completion of three mandatory core courses (Financial Accounting & Reporting, Statistics & Data Analysis, and Professional Responsibility*), and
15-to-21 come from the five-to-seven core courses that students choose
from an “a la carte” menu (Competitive Advantage from Operations, Firms &
Markets, Foundations of Finance, The Global Economy, Leadership in Organizations, Marketing, and Strategy).
Note: The capstone Professional Responsibility course is actually taken in either semester of the second year of study, in day sections reserved for Full-Time students.
Specializations
Stern students graduate with an MBA in General Management, but have
the flexibility to select up to three areas of specialization, or none at all. The
wide variety of course combinations (over 200 electives) within the specializations enables students to pursue very specific educational objectives
tailored to meet individual short- and long-term career goals.
“The weighted lottery system gives
all students with the same graduation
date an equal chance of getting into
the classes they choose, allowing
them to place emphasis on the
courses that are most important
to them.”
Specializations include:
• Accounting
• International Finance
• Banking
• Law and Business
• Corporate Finance
• Data, Models and Decisions
• Leadership and Change
Management
• Economics
• Management
• Entertainment, Media and Technology
• Management of Technology and Operations
• Entrepreneurship and
Innovation
• Marketing
• Finance
• Quantitative Finance
• Financial Instruments and Markets
• Social Innovation and Impact
“At the Stern School, each incoming
MBA class is divided into six ‘blocks’
of 60-70 students, who work closely
together during the entire course of
their Year 1.”
• Product Management
• Strategy
• Financial Systems and Analytics
In addition to the above specializations, Sterns students are allowed to
take up to 25% of their credits at other NYU programs. Popular choices
include the School of Law, the Schack Institute of Real Estate, and the
Tisch School of the Arts.
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NYU Stern School of Business
Course Enrollment
Course selection and enrollment can be tricky when a student is trying to
fulfill requirements and satisfy multiple specializations in four semesters. Stern
has academic advisers who help enrolled students understand their program
requirements and options to make the process a bit easier. Stern uses a lottery
system for course registration because for some popular classes there is more
demand than seats available. The course enrollment process is done online, and
MBA students have an approximately one-month lottery submission period,
followed by an add/drop period about a month later after the lottery results are
made public. This system is actually referred to as a “weighted lottery,” because it
takes into consideration the program and expected date of graduation of each
student, and in some cases the student’s specialization(s). The weighted lottery
system gives all students with the same graduation date an equal chance of
getting into the classes they choose, allowing them to place emphasis on the
courses that are most important to them.
Note: The daytime sections of the core courses are reserved for Full-Time students, and the
evening and weekend sections of these courses are reserved for Langone students. Noncore courses are open to all Stern graduate students, regardless of meeting time, when
space is available and prerequisites are met.
Stern Research Centers
and Joint Degree Programs
Research Centers. Stern’s world-class research centers involve the efforts
of many of its top faculty members and are extremely productive in terms of
formulating, writing, and distributing academic research. The centers also act as
hosts for a wide variety of events and lectures, and help to bring well known and
experienced practitioners to Stern. The list of Stern research centers is as follows:
•
•
•
“The course enrollment process
is done online, and MBA students
have an approximately one-month
lottery submission period, followed
by an add/drop period about a
month later after the lottery results
are made public.”
•
•
•
Berkley Center for Entrepreneurial Studies
Center for Digital Economy Research
Center for Japan-U.S. Business and
Economic Studies
Glucksman Institute for Research in Securities Markets
NYU Pollack Center for Law and Business
Salomon Center for the Study of
Financial Institutions
Vincent C. Ross Institute of Accounting Research
Volatility Institute
•
•
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NYU Stern School of Business
Joint Degree Programs. Stern currently offers the following six dual degree programs in conjunction with other NYU schools.
Note: students must apply and be admitted to each school.
JD/MBA (School of Law). This popular and ambitious joint degree program provides knowledge of and insight into both the business and legal worlds,
and takes four years to complete (as opposed to five when the degrees are pursued independently). As for timing, NYU states the following: “The first two years of
the program are spent at NYU’s School of Law, the third year is spent at the Stern
School of Business and the fourth year is divided between the two schools.” The
JD-MBA program features a joint application, which is unique, both among fouryear JD/MBA options and among NYU joint degree programs.
Other dual degree programs include:
•
MBA/MFA (Kanbar Institute of Film
and Television at Tisch School of the Arts)
•
MBA/MA in French Studies (Institute of French Studies)
•
MBA/MA in Politics (Graduate School of
Arts and Sciences)
•
MBA/MPA (Robert F. Wagner School of
Public Service)
•
MBA/MS in Mathematics in Finance (Courant Institute
of Mathematics in Finance)
•
MS in Biology/MBA (Graduate School of
Arts and Sciences)
Academic Calendar
The Stern academic calendar is divided into
two semesters, Fall & Spring (there are also two
shorter summer semesters for students in the
Langone Program). The 2009-2010 calendar
for the Full-Time MBA and Langone Part-Time
Programs is as follows:
September
8 First Day of Classes
28 Yom Kippur (No Classes)
November
25-29 Thanksgiving Break (No Classes)
December
14 Last Day of Classes
16-22 Final Exam Period
January
25 First Day of Classes
February
13-15 Presidents’ Day (No Classes)
March
15-21 Spring Break (No Classes)
May
3 Last Day of Classes
5-11 Final Exam Period
12 Stern Commencement (Tentative)
13 NYU Commencement
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NYU Stern School of Business
Stern Faculty
Stern prides itself on the intellect, teaching skills, research accomplishments, and approachability of its faculty.
The Stern faculty is populated with many prominent business leaders, researchers, and teachers. Among Stern students, there are quite
a few professors who are considered a “must” to have for a class, due
to their reputation both as educators and as experts. This list isn’t
merely a collection of famous names, but rather the instructors that
NYU students deem to be essential for the full experience. The good
news is that lecture halls accommodate a good number of students
and there is a general feeling that there are enough “superstars” in
any given area of focus that most students get some exposure to
them (especially if you take into account the many adjunct professors and scholars-in-residence who are at Stern every year). These
notable professors include, among many others:
Aswath Damodaran
Professor of Finance and David Margolis Teaching Fellow
Professor Damodaran, an immensely popular faculty member whose
status has risen to that of “guru,” teaches corporate finance and equity valuation courses in Stern’s MBA programs, with research interests
focused on valuation, portfolio management, and applied corporate
finance. At least one of his books on these topics (Damodaran on
Valuation, Investment Philosophies, The Dark Side of Valuation, Strategic Risk Taking, and Applied Corporate Finance: A User’s Manual,
to name just a few) is almost certain to be found on any Stern MBA’s
bookshelf. Despite his prolific research and writing, Professor Damodaran’s great love is teaching, and it shows. On the Stern faculty
since 1986, he has received the Stern School of Business Excellence
in Teaching Award (awarded by the graduating class) in 1988, 1991,
1992, 1999, 2001, 2007 and 2008, was the youngest winner of the
University-wide Distinguished Teaching Award in 1990, and was
profiled in BusinessWeek as one of the top twelve business school
professors in the United States in 1994. Perhaps most importantly,
Professor Damodaran is seemingly always available. He can be seen
roaming the halls of the business school at all hours and is known for
his quick email replies – even in the middle of the night.
Edward Altman
Max L. Heine Professor of Finance
Staying current on Professor Altman’s views and quotations in the media is almost a sport at Stern, especially in the present environment.
In addition to being a hugely popular teacher, the founder of the ZScore for predicting bankruptcy, and chairing the Stern MBA program
for 12 years, Professor Altman has directed the research effort in Fixed
Income and Credit Markets at the NYU Salomon Center for Research
in Financial Institutions and Markets since 1990, and is currently the
Vice-Director of the Center. Professor Altman has published or edited
over 20 books and well over 100 articles in scholarly finance, accounting and economic journals. He has consulted with numerous institutions and governments, and was a founding member of the Board of
Trustees of the Museum of American Financial History.
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Robert Engle
Michael Armellino Professor of the Management of Financial Services
Professor Engle, an expert in time series analysis with a focus on financial markets who joined the Stern faculty in 2000, is a 2003 Nobel
Prize winner in Economics for his research on the innovative statistical method ARCH. Professor Engle, the author of multiple books and
journal articles, applies his methods to the analysis of equities, options, currencies and interest rates. He is currently the director of the
Financial Econometrics research initiative at the Salomon Center for
Research in Financial Institutions and Markets.
Eitan Zemel
W. Edwards Deming Professor of Quality and Productivity
Vice Dean of Strategic Initiatives.
Professor Zemel, the founding chairman of the Information, Operations and Management Sciences Department at Stern, teaches Operations Management and Operations Strategy and has published
numerous articles and books on these topics. Professor Zemel’s
research involves complex computations and algorithms relating
to areas such as supply chain management, operations strategy,
service operations and incentive issues in operations management.
Internally, however, he is equally known for his involvement in
the strategy of and operational issues impacting the Stern School
through his position as Vice Dean of Strategic Initiatives, in a role
that allows him significant exposure to and involvement with the
broad Stern community.
Sheila Wellington
Clinical Professor of Management and Organizations
Professor Wellington, who for 10 years served as the president of
Catalyst, the premier nonprofit research and advisory organization
dedicated to women’s issues in the workplace, joined Stern in 2003.
She created her own unique course and now teaches “Women in
Business Leadership” to Stern students, exploring the factors that
shape a woman’s business environment, and lends her credibility to
the Stern Women in Business annual conference and other events
and initiatives geared towards women. Widely quoted in the press
on all topics concerning women’s careers and leadership, Professor
Wellington also gives her students an in-depth understanding of
the mentoring process, on which she has written a highly regarded
book, as well as her commitment to helping women succeed in the
corporate world.
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NYU Stern School of Business
Grading Policies
Stern uses a pretty typical scale of letter grades, and core courses are graded on a
relatively rigid curve, with a maximum of 35 percent of the class receiving a letter
grade in the “A” range. Although there has been much discussion of this policy,
the school has determined that it keeps students focused on intellectual and academic rigor in acquiring basic skills and that it allows recruiters to identify the “best
of the best” when trying to differentiate between candidates for post-MBA jobs.
Some departments, in particular the Finance Department, encourage faculty
members to utilize curves for elective courses as well, in order to truly differentiate
between students. Corporate recruiters drive this to some extent; there has been
a real desire on the part of firms recruiting at Stern to be able to identify those
students who have truly excelled in finance classes (in an overall strong pool of
talent). The downside is that some students feel that this level of competition detracts from the collaborative spirit at the school (and some would say that it is an
indication that there is still a range of skill levels in the MBA class, as opposed to at
some other elite schools where no numerical grades are used). Grades are turned
around by teaching staff pretty quickly, and professors do a good job of communicating in advance the specific criteria that grades will be based on in their classes.
NYU Stern is
divided into seven
academic departments:
1. Accounting, Taxation
and Business Law
2. Economics
3. Finance
4. Information, Operations
and Management Sciences
5. Management and Organizations
6. Management Communication
7. Marketing
Doing Business In
Stern is one of several business schools to turn its focus toward global perspective and in doing so, has carved out a unique and popular offering called “Doing
Business In” (DBi). Held during extended breaks, such as January before the second
semester and during spring break, DBi is either a 1.5 or a 3 unit course that features
an intensive immersion into a foreign location for either one or two weeks. Recent
DBi locations have included Argentina, Australia, Beijing, Hong Kong, India, Ireland, and Italy. One truly unique program is Stern’s Craft and Commerce of Cinema
course that is held each year in Cannes during the acclaimed international film
festival of the same name, during which students study film development, financing, distribution, and marketing.
“Some departments, in particular
the Finance Department, encourage
faculty members to utilize curves for
elective courses.”
Additionally, Stern offers more traditional study abroad programs, whereby students can spend a semester studying with one of 44 partner programs in almost
30 countries. Most Stern students are a bit reluctant to spend one of their four semesters studying in a city other than New York (often a strong reason for choosing
Stern in the first place), which is why the school moved to the DBi program as an
alternative for those seeking international experience.
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NYU Stern School of Business
The Stern School of Business Campus
There are no two ways about it; the Stern School’s campus, located at 44 West 4th
Street in Manhattan, is simply a fantastic place to get a business degree. It is an
amazing feeling to attend a timely and insightful lecture in a sleek and modern
hall, and then to walk a few steps out the door with classmates to enjoy a latte in
the middle of Washington Square Park. After two years, however, Stern MBAs will
find themselves a bit too familiar with just about every nook and cranny of the
school’s Henry Kaufman Management Center, a building that was state-of-the-art
when it opened back at the beginning of the 1990s, but which is, of course, regularly in need of updating and re-thinking. Capacity constraints are dealt with every
day at Stern, as they are all over Manhattan, and it is a true challenge to schedule
the myriad classes, corporate presentations, study groups, club meetings, and oncampus interviews that the dynamic community requires (also challenging are the
limited elevator capacity and commons areas).
In response to the need for more and better-utilized space, Stern is currently undertaking a major facilities development initiative it calls the “Concourse Project.”
The intention is to unite and synthesize the three buildings that house the divisions
of the Stern School (Kaufman Management Center, Tisch Hall, and Shimkin Hall),
through renovation of their lobbies as well as the lower and upper concourses that
span the three buildings. The visual and practical effects of the project should be
dramatic, and will certainly serve to enhance Stern’s standing even more.
“It is an amazing feeling to attend
a timely and insightful lecture in a
sleek and modern hall, and then to
walk a few steps out the door with
classmates to enjoy a latte in the
middle of Washington Square Park.”
Stern states that the Concourse
Project, expected to be completed
in 2010, will provide the following
benefits for MBA students:
• Reinvention of 84,500 square feet
of space
• New pathways to link the school’s
3 buildings
• Plaza skylights to introduce
natural light
• Floor-to-ceiling windows to create
an open feel
• Light-filled, multi-story atrium in
which to convene the community
• State-of-the-art classrooms to yield
flexible learning environments
• Modern lounges to create
welcoming gathering spaces
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NYU Stern School of Business
Professional Recruitment at Stern
Salaries
Career Development Resources
Total Average: ..............................$169,661
The Stern School has a well-oiled career development machine, with its driving
goal being to connect its students and graduates to top employers across industries and around the world. The Office of Career Development (OCD) also offers
life-long services to Stern MBAs, which in turn keeps those alumni members active
and interested in successful Stern placement. Corporate presentations commence
in September each year, and numerous resumé books are sent out to recruiters
for both full-time and internship positions profiling appropriate Stern MBA candidates. Students have ready access to online job postings and on-campus recruiting schedules. That thousands of job interviews take place each year at Stern as
part of its on-campus recruiting efforts is a result of both the high quality of Stern
MBAs and the strong relationships the career development officers have developed with hiring managers at a broad range of organizations. Stern career development officers are praised by students for handling each as an individual, and
staying current on the status of various opportunities.
The OCD’s innovative Career Development Program (CDP) prepares students to
meet potential employers. The CDP meets on Fridays – when no classes are in session – and includes industry panels, résumé critiques, networking workshops and
mock interviews.
Base Average: ..............................$100,857
Full Annual Compensation
Range: .......................... $55,000-$220,451
Signing Bonus Average: ...........$32,779
Guaranteed Bonus
Average: .............................................$36,025
“Stern is one of the foremost ‘finance’
schools – something they wear like a
badge of honor, rather than a tag that
they are constantly trying to dismiss.”
Employment Statistics
Stern is one of the foremost “finance” schools – something they wear like a badge
of honor, rather than a tag that they are constantly trying to dismiss, as is the case
with other prominent business schools with noteworthy finance programs. Stern
reports industry job placement with great specificity, giving a flavor for the many
different types of financial jobs available to graduates. Furthermore, Stern places
a surprisingly robust percentage of graduates into the media and entertainment
sector – at least relative to other top programs.
Major Employers
Major companies across the globe recruit Stern graduates and many of the most
common employers are similar to those that recruit at other top business schools.
Over 175 companies have hired new Stern MBAs in the last year, including leading names in the Consulting, Consumer Products, Entertainment / Media / Technology, Finance & Real Estate, Luxury & Retail, Non-Profit & Social Enterprise, and
Pharmaceutical / Biotech / Healthcare sectors. Companies that the school cites as
recruiting frequently at Stern include:
•
•
•
•
•
•
•
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Booz & Co.
McKinsey & Co.
Deloitte
Unilever
L’Oreal
Johnson & Johnson
Goldman Sachs
•
•
•
•
•
•
JPMorgan
American Express
Citi
Time-Warner
McGraw-Hill
Disney
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Location - Global
By Industry
Middle East <1%
Not-for-Profit 1%
Real Estate 2%
Technology/Telecommunications 3%
Private Equity/Venture Capital 3%
Latin America 7%
Asia 7%
Other 3%
Financial Services 20%
USA 85%
Europe 7%
Pharmaceuticals/Healthcare 3%
Luxury/Retail 3%
Investment Management/
Hedge Fund 4%
Consumer Products 4%
Media/Entertainment/
Communications 6%
Location – United States
Consulting 14%
Diversified Financial Services 14%
West 8%
Northeast
85%
Mid-Atlantic 4%
South 2%
Midwest 1%
By Function
Structured/Project Finance 2%
Private Banking/Private Client Services 2%
Strategic Planning 3%
Private Equity 3%
Southwest <1%
Operations 1%
Research - Buy Side 1%
Risk Management 1%
Other 1%
Financial Services 25%
Investment Management 4%
Research - Sell Side 4%
General Management/
Project Management 4%
Source of Job Offers
Business Development 6%
Consulting 14%
Stern On/Off Campus
Scheduled Intervies 61%
General Finance 7%
Sales and Trading 10%
Marketing 13%
Pre-Stern Employer 3%
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Career Fair (External) 4%
Stern Job Postings 5%
Stern Supported Activities 12%
Personal Contacts 15%
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NYU Stern School of Business
Stern and Veritas Prep
Veritas Prep has a distinguished track record helping our clients gain acceptance to
one of the world’s truly elite business schools. The secret to our success, as always,
is in first ensuring that Stern is a proper fit for the client, and then assisting the client in expressing that unique fit in the most articulate and impactful way possible.
Our Team
Our team of Stern consultants includes former admission representatives, alumni
interviewers, members of influential student groups, and, of course, accomplished
professionals in a variety of fields. With multiple Stern consultants on our admission consulting team, we are able to provide customized service to clients based
on background, timing, and logistics. Our Stern consultants have career experience in a variety of industries and functions.
Each client who works with Veritas Prep on a Stern comprehensive package will receive a customized team of consultants: a Head Consultant and a Stern Specialist.
Head Consultant. All of our Head Consultants have experiences as admissions representatives that afford each of them a unique perspective on the applicant pool and how candidates must position themselves to express proper fit
and to stand out in an increasingly competitive process. The Head Consultant will
guide the client through every step of the process: from the initial Diagnostic Session to submission of the application.
Stern Specialist. Every comprehensive package client who chooses Stern
will also be connected to an NYU Stern Specialist who is either a current student or
recent graduate of the school. This individual will ensure that essay responses are
both topical and aligned thematically with the things that matter to Stern. In addition to helping clients find specific courses, programs, clubs, and professors that
match their interests, the NYU Specialist will also comb through each question and
answer to ensure that the response is properly aligned with the qualities that Stern
seeks in a candidate.
“Only once we have verified a proper
match do we begin to build the
candidate’s personal marketing
platform and piece together the
perfect Stern application.”
For more on Veritas Prep’s incredible team and the individuals who serve as our
Stern consultants, please visit the Consultant Profiles page of our website.
Our Stern Services
The Stern School of Business is always one of the most popular school selections
among our clients due to its reputation as a top-tier MBA program with multiple
program alternatives, its star-studded faculty, its collaborative and dynamic student body and its New York City location and the many benefits that it affords,
academically, professionally, culturally, and socially. However, the Veritas Prep approach is built upon identifying the right fit for each client, regardless of the generic qualities of the business school. Only once we have verified a proper match do
we begin to build the candidate’s personal marketing platform and piece together
the perfect Stern application.
Diagnostic Session. Our Diagnostic Session – the first step in our
comprehensive packages as well as a stand-alone service – assures that each
client’s goals and prospects are properly aligned. Once we have helped ensure
that the client is making sound choices with regard to each business school
application, we start building a timeline and a strategy specifically tailored for a
Stern engagement.
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NYU Stern School of Business
Personalized MBA Game Plan. Each client’s Head Consultant will create
a Personalized MBA Game Plan, a strategic approach based on the client’s professional, academic, and personal history. Those elements will become the foundation of the Stern application story, allowing the client to demonstrate leadership,
innovation, maturity, teamwork skills, analytical ability, and potential for academic
excellence. A major component of the Game Plan is the identification of each candidate’s strengths and weaknesses – as well as truly unique qualities – relative to
the Stern applicant pool (this applies to nearly all of the elite business schools).
This will create an application platform from which to work and will help mold and
shape the strategy of how to address application components such as the resumé,
essays, and letters of recommendations.
Clear Articulation of Short- and Long-Term Career Goals.
The Stern admissions committee looks for prospective students who really understand their short- and long-term career goals, and who are applying to Stern because they are firmly convinced that an MBA will help them to achieve those goals
and that the time for the MBA is right. Admissions committee members are not
particularly attracted to students who are viewing business school as a time to try
on a number of different hats to see if any fit (although there is certainly room for
candidates to provide well-thought-out reasons that their past experiences lead
them to a specific career change that the Stern MBA will help them implement).
Fit with Stern. Furthermore, the Stern admissions committee is looking to
accept students who view Stern as their top choice of business school, and who
are likely to attend if given the chance. Stern asks, both in writing and during the
interview process, for prospective students to give clear cut reasons why they are
right for Stern and why Stern is right for them. Answers should be clearly articulated and evidence real thought and effort on the part of the candidate.
Balance and Perfection. Once the themes of “clearly articulated goals”
and “fit with Stern” have been installed as the backbone of the Stern application,
the Veritas Prep Head Consultant and Stern Specialist will team up to ensure that
all of the questions have been properly answered, that the resumé and essay questions have been crafted with style and efficiency, and that all of the key business
school themes have been addressed in a balanced way throughout the application. It’s not easy applying to one of the most popular schools in the country, but
our consulting team will ensure that Veritas Prep clients give themselves the best
chance of admissions success through the most accurate, engaging, and persuasive portrayal of their candidacy that they can possibly create. This is true of our approach to all schools, but particularly at Stern, where two critical themes – “clearly
articulated goals” and “fit with Stern” – must resonate so strongly and consistently
throughout the application.
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“Each client’s Head Consultant will
create a Personalized MBA Game Plan,
a strategic approach based on the
client’s professional, academic, and
personal history.”
“The Stern admissions committee
looks for prospective students who
really understand their short- and
long-term career goals, and who are
applying to Stern because they are
firmly convinced that an MBA will
help them to achieve those goals.”
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NYU Stern School of Business
About Veritas Prep
Founded in 2002, Veritas Prep has emerged as a global leader in GMAT® education
and MBA admissions consulting. The company’s business school team includes
more than 300 graduates of the world’s elite MBA programs, managed from its
headquarters in Malibu, California.
The Veritas Prep consulting model is built on adding value to a student’s application process by providing both mentorship and expertise. The business school
admissions process has become increasingly competitive and applicants must do
everything possible to showcase their value. Our consultants assist applicants in
presenting their unique stories in the most professional and meaningful way possible. In a sense, our consultants are translators – helping an applicant discover
raw materials and information and then helping that candidate articulate a unique
story in a language that admissions committees understand. More than anything,
Veritas Prep gives candidates a sense of ownership and control over the process.
Quality of work, attention to detail, care for the student, and integrity are the lynchpins of a successful consultation.
“Success Favors the Prepared. “
In addition to elite MBA admissions consulting services, Veritas Prep also offers the
finest GMAT preparation available in the industry, as well as admissions consulting
for law school, medical school, and graduate school services.
For comprehensive information on all of Veritas Prep’s many services, please visit
our website.
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