Leonard N. Stern School of Business

New York University, Leonard N. Stern School of Business History

New York University, founded in 1831, is a private, coeducational institution. The campus is located in an urban area in Greenwich Village. Total undergraduate and graduate enrollment is approximately 38,500. Figures given in the above capsule are approximate.

The Leonard N. Stern School of Business was founded in 1916 and is located on the main campus, in its own building, Henry Kaufman Management Center. The program balances a theoretical and conceptual framework with practical applications. The MBA curriculum develops a solid base of management skills through required core courses, then builds on that knowledge through advanced elective courses in various functional fields.

New York University, Leonard N. Stern School of Business Academics

The NYU Stern offers the Master of Business Administration (MBA), Master of Science in Statistics and Operational Research (MS), and Master of Science in Information Systems (MS) as well as a doctoral program, and a joint degree in law (JD/MBA), French (MA/MBA), public administration (MPA/MBA), and biology (MS/MBA). Other programs include cross-registration with other NYU graduate schools, a cooperative program with schools in London and Paris, work-study programs, foreign exchange with 38 countries, summer internship programs, joint research with business, and consulting opportunities with a broad range of companies. The strongest areas of study are finance, information systems, international business, management, and marketing. The most popular course is in finance. Regular programs bring distinguished speakers and visiting professors to campus, including the Leadership Lunch Series, the Entrepreneurship Lunch Series, and the International Business Speakers Series.

Sixty total credits are required to complete the full-time MBA. Required courses for the full-time MBA include:

• Financial Accounting and Reporting
• Firms and Markets
• The Global Economy
• Managing Organizations
• Marketing Concepts and Strategies
• Foundations of Finance
• Statistics and Data Analysis
• Competitive Advantage from Operations
• Professional Responsibility
• Business Strategy

Business students may take relevant nonbusiness courses in other departments.

In a recent year, there were 165 total full-time graduate business faculty, all of whom held a doctorate; there were 38 part-time faculty. Faculty salaries are rated well above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 3; average business class size is 47.

New York University, Leonard N. Stern School of Business Unique Programs

Library

Publications for the business school contained in the main library consist of more than 110,000 volumes, and subscribes to 2000 periodicals. The business library is particularly strong in finance and international business. Students have access to such databases and networks as Dow Jones News Retrieval, ABI/INFORM, InfoTrac General Business File, Disclosure, and Predicasts. Other opportunities for research consist of a comprehensive collection of business materials in the Career Resources Center for the exclusive use of Stern students, as well as a consortium and cooperative access agreements with other research libraries.

Computers

Graduate business students need not have their own PCs. The business school has its own computer facilities, consisting of computer laboratories and electronic classrooms with some 200 PCs. All PCs are networked and provide access to time-sharing systems for instructional computing and e-mail, for accessing research databases, and for specialized programs. There is also a wireless network available to allow students individual network access anywhere in the school complex.

Career and Job Placement

Average starting salary of a recent class was $86,653. Placement services are extensive. The Office of Career Development offers a comprehensive career management series that includes seminars on skills assessment, job search/networking, resume writing, and interviewing skills. Other services include career counseling and on-campus recruiting. Ninety percent a most recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the TOEFL. They also must submit a translation of their transcripts, proof of health, and proof of adequate funds to cover 2 years of study. Financial aid is available for these students and consists of scholarships, assistantships, and loans. Check with the school for application deadlines.

Calendar

The school operates on a traditional semester basis. Semesters are 15 weeks long; summer sessions, 6 weeks. Graduate programs are offered during the day and evening, weekends, and through intensive courses during the winter and summer sessions.

New York University, Leonard N. Stern School of Business Admissions

A bachelor’s degree is required. A strong mathematics background is not required.

The number of applicants for a recent class was 3403; 762 were accepted; 364 enrolled. The average GPA was 3.4. Transfers are not accepted. Minority students are actively recruited by Stern’s membership in the 13-school Consortium for Graduate Study in Management, which offers full scholarships for qualified minorities.

Students may begin the MBA program in the fall and spring. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $175, 2 letters of recommendation, a resume, and 3 personal statements. The latest acceptable test date for fall entry is open.

New York University, Leonard N. Stern School of Business Financial Aid

In a recent year, about 95% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $42,554 annually; maximum $61,170. Stipends and programs available for minority students include several corporate-sponsored fellowships and consortium scholarships. The FAFSA is required. Check with the school for application deadlines.

Tuition for all students is $34,500 per year. On-campus room and board costs approximately $17,500; books and supplies, $1300; personal expenses, $6199; and other fees, $2360, for an estimated annual total of $61,859. Graduate student housing consists of on- and off-campus facilities. There is a referral service to help procure off-campus housing.

New York University, Leonard N. Stern School of Business Students

Thirty-one percent of a recent graduate business school class were enrolled full time; all had an average of 4 years of full-time work experience prior to entering graduate school, a factor preferred by the school. Thirty-two percent were women, 26% were minorities, and 28% were foreign nationals. The average age at entrance was 27; ages ranged from 23 to 36. Ten percent already have a graduate degree. Students’ undergraduate majors were as follows: 28%, business; 23%, economics; 21%, math and science; 16%, social sciences; and 3%, liberal arts. In a recent year, 978 graduate business degrees were awarded.