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NYU Stern School of Business: Empowering Future Leaders in the Heart of New York City

New York University Stern School Of Business

The Leonard N. Stern School of Business was previously known as the School of Commerce, Accounts and Finance. It was established in 1900 and has been affiliated with various academic institutions over the years. The school is located in New York City, United States, and has a diverse student body. The official newspaper of the school is called The Gould Standard, and more information can be found on their website named Violet.

The Leonard N. Stern School of Business, also known as NYU Stern or simply Stern, is a renowned business school located in New York City. It was established in 1900 under the name School of Commerce, Accounts and Finance and later renamed to its current title in 1988.

Stern School of Business at New York University has a prestigious list of alumni, which includes former presidents of the United States, successful business leaders such as CEOs and chairmen from various industries, notable entrepreneurs, CFOs of renowned companies, presidents of organizations, and influential financiers. These individuals have made significant contributions to their respective fields and have achieved great success in their careers. Additionally, Stern alumni can be found in top positions within well-known companies across different sectors.

History

The Graduate School of Business Administration was launched in 1916, and was housed in the NYU’s School of Commerce’s Wall Street branch. Located in New York’s downtown business district, the school’s “Wall Street Division” served both full-time and currently employed students. The graduate school’s first dean was appointed in 1921.

In 1945, the number of students at New York University Stern School of Business exceeded 10,000, with graduates coming from 36 countries and 48 states. During the 1960s, courses on international business were introduced. The C.J. Devine Institute of Finance at the Graduate School of Business Administration published bulletins on finance and investment related to global finance between 1959 and 1966. In 1970, the school granted its first Doctor of Commercial Sciences degree.

Commerce/College of Business and Public Administration

In 1972, the School of Commerce, Accounts and Finance underwent a name change to become the College of Business and Public Administration. During this time, Tisch Hall was also constructed at 40 West Fourth Street as a new home for the undergraduate college. The design of Tisch Hall was inspired by Meyer Hall and both buildings share a similar architectural style.

Donation to Stern School of Business

In 1988, a $30 million gift from the school’s alumnus (BS 1957; MBA 1959) allowed the school to consolidate its graduate and undergraduate facilities at NYU’s Washington Square campus. The school was renamed Leonard N. Stern School of Business. In 1992, Stern’s new $68 million state-of-the-art facility, now known as Kaufman Management Center, was inaugurated.

In 1998, a $10 million gift from (PhD 1958) supported an expansion and upgrading of Stern’s facilities. Investment banker and Home Depot investor (MBA 1960) donated $10 million to Stern in 1999. The Langone MBA for Working Professionals was renamed in his honor. Celebrating its 100th birthday in the year 2000, Stern launched a $100 million centennial campaign.

Took over as the head of the institution in January 2010. The renovation of the three buildings at Stern School of Business, covering an area of 84,500 square feet (7,850 m2), was finished in 2010. This initiative, named the Stern Concourse Project, received complete financial support from benefactors, former students and business collaborators.

The Langone MBA for Working Professionals at NYU Stern Westchester is available in , located at..

Academics

students can pursue co-majors in International Business or Financial Systems or opt for a certificate program in Entertainment Media and Technology. For experienced professionals and executives seeking an advanced degree,

Stern provides an Executive MBA program that spans over 22 months with two global study tours integrated into its curriculum.

The average age of executive MBA candidates is around

27 years old with approximately

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45% holding advanced degrees in other fields

The Kaufman Management Center is the dedicated building for graduate students at NYU Stern School of Business.

The main entrance to Tisch Hall, which serves as the undergraduate building for NYU Stern, welcomes students and visitors alike.

Students who attend the Stern School of Business are often called “Sternies”.

Stern provides a program called IBEX (International Business Exchange Program) which allows students to study abroad for one semester at various business schools worldwide. Currently, Stern has partnered with multiple schools in Australia, China, Denmark, England, France, Italy, South Korea, Mexico, The Netherlands, Spain and Thailand for this program.

Student life

The Student Social Venture Fund was introduced by Stern in 2005, making it the inaugural student-operated fund at a business school in the United States. In 2012, Professor and Laura contributed to Stern for the Rosenwald Global Value Student Investment Fund. Annually, a portion of this fund will be invested in one or more stocks as suggested by students enrolled in his Global Value Investing course.

Rankings

This section is currently in a specific format but could be improved for better readability. If necessary, you can assist by making appropriate changes. The information was last updated in December 2022.

In the latest rankings for U.S. MBA programs, New York University Stern School of Business has been placed at number 12 in 2024. Similarly, it has secured the 11th position in the rankings for U.S. MBA programs in the same year. On a global scale, NYU Stern is ranked at number 19 for its MBA program in 2024 and holds the 14th spot as well.

According to various rankings and reports, New York University Stern School of Business has been recognized as one of the top business schools in the United States. It has been ranked #3 for its graduate finance program by U.S. News & World Report in 2023. In addition, it was ranked #5-equal for its undergraduate business program and #10 overall by U.S. News & World Report in the same year. Bloomberg also placed NYU Stern at #12 overall and #6 for compensation in 2023. Fortune Magazine ranked it at #9 in the U.S., while CEOWORLD Magazine ranked it at both #9 in the U.S. and #13 worldwide in 2023.

Is it difficult to gain admission into NYU Stern?

This information tells us that getting into NYU Stern School of Business can be somewhat competitive. With an acceptance rate in this range, it means there are more applicants than available spots at the school. Therefore, you will need a strong MBA profile when applying.

Overall, while NYU Stern School of Business has a competitive acceptance rate ranging from 20-30%, with careful preparation and a strong application profile, you can increase your chances of being admitted into this prestigious institution.

Undergraduate programs

Stern offers three undergraduate degree programs: a Bachelor of Science in Business, in Business and Political Economy (BPE), or in Business, Technology, and Entrepreneurship (BTE). Applicants are required to apply directly to each program, and all programs are extremely selective. Stern’s overall acceptance rate for the class of 2027 was less than 5%. In 2023, the Business, Technology, and Entrepreneurship (BTE) program received over 5,000 applications for its 50 available spots, resulting in an acceptance rate of less than 2%. Current BS in Business students also have the option to apply to two dual-degree programs: a BS/MS in Accounting or a BS in Business/BFA in Film and Television from the. Transfer admission to Stern’s undergraduate program is also highly selective, with a transfer acceptance rate of 2% in 2019.

In the year 2020, New York University Stern School of Business achieved a remarkable ranking of second place in both finance and international business programs nationwide. Furthermore, graduates from the Class of 2020 at Stern reported an average starting salary amounting to $90,915.

Acceptance rate of NYU Stern BS program in India

It is important to understand that these numbers alone do not tell us everything about getting into NYU Stern. The acceptance rate should be considered alongside other factors like the qualifications and characteristics of the students who are actually accepted. For example, if a large number of highly qualified and competitive applicants apply in a particular year, it may make it more difficult for others to get accepted even if they have good credentials.

Graduate programs

Stern provides the MBA program for students who can study full-time and executive programs designed for professionals who are already working. Additionally, Stern offers various MS degrees, including one that focuses on preparing students to become , two that are developed in partnership with , and one that is a collaboration with the..

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In the year 2000, NYU Stern School of Business collaborated with London School of Economics (LSE) and HEC Paris to establish a program that brings together their respective strengths. This initiative aims to provide students with a global perspective by offering learning opportunities in multiple international locations.

Stern also provides opportunities for students to pursue dual degrees, such as the MD/MBA program for individuals studying at the , JD/MBA program for those enrolled at the , MBA/MS program in partnership with the , and MBA/MFA program for students in the Graduate Film Program at the..

Stern School of Business at New York University (NYU) has recently revealed its collaboration with a partner to introduce an intensive one-year MBA Program in the United Arab Emirates (UAE) by 2023. This initiative aims to equip students with the necessary skills and knowledge for prospective careers in the Middle East and North Africa (MENA) region, offering educational modules in both Abu Dhabi and New York. The inaugural class for Stern at NYUAD is expected to commence their studies in January 2025.

GPA requirement for NYU Stern in India

In order to apply, students must have a minimum cumulative GPA of 3.50. Stern University does not prioritize any specific majors and welcomes applicants from various academic backgrounds including liberal arts, engineering, business, and social sciences. All majors are considered equally valuable at Stern University.

List:

– To be eligible for admission, students need to maintain a minimum cumulative GPA of 3.50.

– Stern University accepts students from diverse academic backgrounds such as liberal arts, engineering, business, and social sciences.

– The university does not favor any particular major over others; all majors are equally valued at Stern University.

Admissions

Prospective students interested in the undergraduate program at NYU Stern School of Business can apply during their final year of high school through three different application processes: Early Decision I (EDI), Early Decision II (EDII), or Regular Decision (RD). Unlike many other business programs, where students transfer in after completing their first or second year of college, Stern applicants specifically apply for admission to the business school during their senior year of high school. These candidates are evaluated separately from those applying to other colleges within New York University, such as the College of Arts and Science (CAS) and others.

– In 2023, there were 18,858 applicants, compared to 16,923 in 2022 and 15,121 in 2021.

– The number of admits was 924 in 2023, while it was higher at 1,117 in the previous year (2022) and slightly lower at 1,058 in the year before that (2021).

– The admit rate for first-year undergraduates decreased from 6.6% in 2022 to a lower rate of only4.9%intheyearof

– Among those who were admitted into NYU Stern School of Business as first-year students:

– In2018,theenrollmentwas585studentscomparedto620studentsin2017and600studentsin2016.

Mean SAT scores for enrolled students increased slightly from an average score of1542ininthepreviousyearto1550

Similarly,theaverageACTscoreforadmittedfirst-yearundergraduatesremainedconsistentat35fromtheyearbefore.

When applying, students must specify their preferred program: BTE, BPE, or BS in Business. The applications are then sorted and assessed separately based on the chosen program. If applicants for the BTE and BPE programs are not accepted initially, they have the option to select the BS in Business program as an alternative choice.

Admissions at NYU Stern School of Business take into account various factors such as academic performance, test scores, extracurricular achievements, recommendations, essays, and diversity. For the undergraduate program in 2023, the typical SAT score for incoming freshmen was 1550 (combined verbal and math), with a majority of students ranking within the top 10% of their high school graduating class.

Graduate

The acceptance rate for the MBA program at New York University Stern School of Business is quite low, standing at 15.7%. The students who are admitted into the full-time MBA program have an average GMAT score of 720 and a GPA of 3.51 during their undergraduate studies. In order to provide more flexibility to applicants, starting from 2010, Stern School decided to accept GRE scores as well alongside GMAT scores for those applying to the MBA program. This gives candidates the choice to submit either their GMAT or GRE scores when submitting their application.

Why does NYU Stern have such high fees?

One of the main factors affecting NYU is its location. Despite being a large university, its endowment is considerably smaller compared to other universities. This financial disparity becomes even more significant when considering the size and scale of NYU. In fact, during the late 1960s, NYU was on the verge of bankruptcy due to its financial struggles.

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To address this dire situation, NYU took certain measures. One such step was selling its Heights campus in the Bronx. By doing so, they were able to generate funds that could be used to alleviate their financial deficits. Additionally, another action taken by NYU was increasing tuition fees for students. This decision aimed at covering some of the monetary shortfalls faced by the university.

These actions highlight how crucial it is for institutions like NYU to carefully manage their finances and make strategic decisions when facing economic challenges. While selling assets or raising tuition may provide temporary relief, it is important for universities to also focus on long-term sustainability.

Practical advice can be drawn from this example for educational institutions in India as well. It emphasizes the need for effective financial planning and management within universities across different regions and sizes in order to avoid similar situations faced by NYU in the past. Institutions should prioritize building substantial endowments that can support their operations and growth over time while ensuring affordability for students through appropriate fee structures.

Furthermore, diversifying revenue streams beyond just tuition fees can help reduce reliance on student payments alone which might not always suffice during challenging times or unexpected crises like we have witnessed recently with COVID-19 pandemic impacting various sectors including education sector significantly.

Alumni and faculty

The alumni of New York University Stern School of Business consist of notable individuals such as former Presidents, successful CEOs and chairpersons of renowned companies. Some examples include a former CEO who currently serves as the Chairman of a prominent organization, the first female astronaut, an accomplished financier who played a key role in establishing a well-known company, and various executives from leading corporations across different industries. Additionally, there is also an alumna who holds a Guinness World Record for being the first woman to conquer both the highest and lowest points on Earth.

See also

Obtained from the official website of New York University Stern School of Business, this information discusses the institution and its offerings.

Is it possible to be admitted to NYU Stern without SAT scores?

New York University Stern School of Business does not have any specific minimum requirements for standardized test scores. This means that applicants are not required to achieve a certain score on tests like the GMAT (Graduate Management Admission Test), GMAT Focus Edition, or GRE (Graduate Record Examination) in order to be considered for admission.

In addition to these traditional business school exams, NYU Stern also accepts other standardized tests such as the Executive Assessment Test (EA), MCAT (Medical College Admission Test), LSAT (Law School Admission Test), and DAT (Dental Admission Test). This allows prospective students from various academic backgrounds and career goals to apply and showcase their abilities through different assessment methods.

By accepting a wider range of standardized tests, NYU Stern aims to provide equal opportunities for individuals with diverse educational experiences and professional aspirations. The school recognizes that success in business can come from various disciplines and wants to ensure that talented candidates from all fields have the chance to pursue their MBA or other graduate programs at NYU Stern.

What is so special about NYU Stern?

The Undergraduate College at New York University Stern School of Business offers its students the following:

1. A rewarding academic experience

2. Emphasis on social responsibility

3. Globally inclusive perspective

4. Exploration of diverse industries and careers

Is work experience necessary to be admitted into NYU Stern?

The admissions team at NYU Stern recognizes the value of diverse experiences and understands that individuals may have gained valuable skills and knowledge through academic projects or internships. Therefore, they carefully consider these aspects alongside other factors such as academic achievements, leadership potential, and personal qualities.

It is worth mentioning that while post-university work experience is not obligatory for applying to NYU Stern School of Business, it can still provide applicants with additional insights and practical skills in the business field. However, regardless of whether an individual has extensive professional experience or limited exposure in this area, their application will be evaluated based on a comprehensive assessment framework designed by the admissions committee.