Master of Business Administration [M.B.A]
Field of Study:
₹68.2 L/Yr
Offered By:
New York University offers a two-year, general MBA program and 2 specialized MBA programs. These include Tech MBA and Fashion and Luxury MBA. The School also offers a part-time MBA program which can be completed between 2-6 years. The full-time MBA program ranks #12 in the best business schools as per US News and World Report.
- Application Deadlines: Applications for MBA are currently open at NYU Stern School of Business. The MBA application deadline for round 1 is on September 15, 2022. The round 2 deadline is on November 15, 2022, and round 3 deadline is January 15, 2022. February 15, 2022, is the last date to apply for MBA admission at New York University.
- Class Profile: 771 students in total were admitted for the MBA Class of 2023. NYU Stern School of Business has an acceptance rate of 19%. The average age of students who were admitted to the MBA program is 28 years with an average work experience of 5.1 years. International students comprise 32% of the total class.
- Admissions Profile: Students admitted to the MBA class of 2023 submitted an average undergraduate GPA of 3.59. Middle 80% of the class submitted an average GPA of 3.30 - 3.90. The average GMAT score for the MBA class of 2023 is 729.
- Placements and Top Employers: 91.9% of MBA graduates from NYU Stern School of Business received job offers within three months of graduation. The average base salary offered to NYU Stern MBA graduates was $143,858. Top employers who hired MBA graduates from NYU Stern include McKinsey & Company, Boston Consulting Group (BCG), Amazon, Deloitte, Credit Suisse, and J.P. Morgan.
Check: New York University student profile
Course Description
- All incoming full-time MBA students are introduced to NYU Stern MBA experience through LAUNCH
- For year 1 of their MBA program, students are required to opt for two required core courses and choose 5 courses as per their career goals from the options provided.
- In year 2, students can opt for up to 3 specializations from more than 20+ options and choose from 200+ electives.
- Stern School of Business also offers students the opportunity to take 25% of their courses or 5 courses at other NYU Graduate schools. This includes programs like MD/MBA, JD/MBA and MBA/MPA.
NYU Stern School of Business offers several experiential learning opportunities in the form of programs such as Tech and the City, Consulting Lab, Endless Frontier Labs, and the Board Fellows Program.
Students can also gain a comprehensive understanding of analysis and portfolio management by participating in Michael Price Student Investment Fund, NYU Impact Investment Fund (NIIF), and the Rosenwald Global Value Fund.
MBA students at Stern School of Business can also opt for a study abroad exchange program for a semester at one of Stern's 53 exchange partners.
Check: Student reviews
Important Dates
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹6824002 (USD 82326) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room and Board | ₹2272844 (USD 27420) |
| Transportation | ₹93831 (USD 1132) |
| Total Cost | ₹2366675 (USD 28552) |
The cost of studying MBA at NYU Stern School of Business is $78,700. Apart from this, students also need to pay for health insurance and registration.
At NYU Stern School of Business, around 20-25% of full-time MBA students are awarded merit-based scholarships. Both domestic and international applicants are considered. Some of these scholarships have been listed below -
- Dean’s Scholarship
- Named Faculty Scholarship
- Leadership Accelerator Scholarship
- Advancing Women in Business Scholarship
- Forté Fellowship
- Reaching Out MBA Fellowship
- Elizabeth Elting Advancing Women's Leadership Fellowship
- Directors Scholarship
- Community Scholarship
Students can also apply for teaching and graduate fellowships at Stern School of Business and receive up to $21,600. To be eligible for teaching/graduate fellowship, students need to complete at least 9 credits and perform well academically (GPA over 3.0).
Also check: MBA scholarships in USA
Eligibility & Entry Requirement
MBA applicants at NYU Stern must meet the following entry requirements:
Academic Requirements -
- 4-year bachelor’s degree or equivalent international degree
- GPA above 3.0
Language Proficiency Requirements -
Stern School of Business accepts TOEFL, IELTS or Duolingo as proof of proficiency in English. Minimum scores required are as follows -
| Tests | Minimum Scores |
|---|---|
| TOEFL-iBT | 100 |
| IELTS | 7.0 |
| Duolingo | 120 |
Note: TOEFL, IELTS or Duolingo scores must not be older than two years from the date of submission.
Work Experience
- Full-time work experience is not mandatory. All work experiences such as internships and part-time work are considered.
- MBA Class of 2023 demonstrates more than 5 years of work experience.
Essays
- What are your short-term career goals? (Short answer question of 150 words)
- Essay 1: Fill in the blanks: Change:__it. Fill in the blanks with a word of your choice. Why does this word resonate with you? How will you embrace your own personal tagline while at Stern?
- Essay 2: Describe yourself to the Admissions Committee and to your future classmates using six images and corresponding captions. (Essay 2)
- Essay 3: Additional information (optional)
Scores Required
- GMAT exam score over 700
- GRE Quant and Verbal section score over 162
Required Document List
Candidates should submit the documents listed below while applying for MBA at NYU Stern -
- Academic Transcripts
- Academic degree certificates
- English Language Proficiency tests results (TOEFL/IELTS/Duolingo)
- GMAT/GRE scores
- Two EQ Endorsement (one EQ Endorsement should be from a current direct supervisor or the next best alternative)
- 2 Essays and 1 short question
- International Student Supplement form
- Resume
- Application fee of 95 USD
Note: EQ Endorsements are unique to the NYU Stern application process. EQ endorsements similar to a professional letter of recommendation.
Course Guides
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Career and Placement after Course
82.8% of NYU Stern MBA class of 2020 graduates received job offers by graduation. Around 91.9% graduates received job offers within 3 months of graduation. The chart below shows the sources of accepted job offers:
Source: Stern School of Business, New York University
Average base salary offered to MBA class of 2022 students was $143,858 and signing bonus of $37,892. The table below details the average base salary by function offered to NYU Stern MBA Class of 2020 graduates:
| Function | Salary (USD) |
|---|---|
| Consulting | $152,433 |
| Finance | $142,275 |
| Management | $116,480 |
| Marketing | $121,951 |
| Information Technology/Data Analytics | $156,250 |
| Operations | $137,800 |
NYU Stern MBA Class of 2020 are working in companies like J.P. Morgan Chase & Co., Deloitte Consulting, Goldman Sachs, Google, Morgan Stanley, American Express, Bank of America, Facebook, and PepsiCo among others.
Read: MBA jobs in USA
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Young Women in Public Affairs Award | Scholarship per student₹ 3.3 L/Yr$4,000 | Level Of StudyBachelor | TypeMerit-Based | |
| BeArt Presets-Academic Scholarship | Scholarship per student₹ 1.7 L/Yr$2,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Young Professionals Program | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| Prodigy Finance-GyanDhan Scholarship | Scholarship per student₹ 2.1 L/Yr$2,500 | Level Of StudyMaster | TypeMerit-Based | |
| VueVille Future Technology Scholarship | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Aga khan Foundation Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based |
Options Available
| Program | Delivery Type | Duration | Program Type | Offered By | Tution Fees |
| M.B.A Business Analytics | full time | 2 years | - | - | ₹2967544.89 |
| M.B.A Digital Marketing | full time | 2 years | - | - | ₹2967544.89 |
| M.B.A Finance | full time | 2 years | on-campus | ₹6824002.14 | |
| M.B.A Financial Systems and Analytics | full time | 2 years | on-campus | - | ₹2967544.89 |
| M.B.A Management | full time | 2 years | on-campus | - | ₹2967544.89 |
| M.B.A Marketing | full time | 2 years | - | - | ₹2967544.89 |
College Student Profiles
Programs Comparison
| ranking | # 11 for Business by US News 2024 # 11 for Business by Times Higher Education 2023 | # 24 for Business by Times Higher Education 2023 # 32 for Business by Academy Ranking of World Universities 2021 | # 45 for Business by US News 2023 # 201 for Business by Times Higher Education 2023 # 49 for Business by Academy Ranking of World Universities 2021 | # 170 for Business by Times Higher Education 2023 # 8 for Business by Academy Ranking of World Universities 2021 | # 8 for Business by US News 2024 # 23 for Business by Times Higher Education 2023 | # 25 for Business by Times Higher Education 2023 # 6 for Business by Academy Ranking of World Universities 2021 | # 65 for Business by Times Higher Education 2023 # 24 for Business by Academy Ranking of World Universities 2021 | - | # 28 for Business by Times Higher Education 2023 # 101 for Business by Academy Ranking of World Universities 2021 | # 136 for Business by Times Higher Education 2023 # 101 for Business by Academy Ranking of World Universities 2021 |
| application | #6535 Applicants # 1215 Admissions # 18 % Acceptance Rate | #3652 Applicants # 1059 Admissions # 29 % Acceptance Rate | #170 Applicants # 94 Admissions # 55 % Acceptance Rate | #385 Applicants # 135 Admissions # 35 % Acceptance Rate | #2989 Applicants # 421 Admissions # 14 % Acceptance Rate | #3036 Applicants # 395 Admissions # 13 % Acceptance Rate | #1899 Applicants # 214 Admissions # 11 % Acceptance Rate | - | #1269 Applicants # 200 Admissions # 15 % Acceptance Rate | #1362 Applicants # 275 Admissions # 20 % Acceptance Rate |
| exam scores | GMAT - 700/800GRE updated - 310/340IELTS - 7.5/9TOEFL - 100/120 | Duolingo - 120/160GMAT - 700/800IELTS - 7/9PTE - 70/90TOEFL - 100/120 | GMAT - 600/800IELTS - 7/9PTE - 68/75TOEFL - 83/120 | GMAT - 670/800GRE updated - 302/340IELTS - 7/9TOEFL - 100/120 | GMAT - 720/800IELTS - 7/9PTE - 70/90TOEFL - 100/120 | GMAT - 670/800GRE updated - 318/340IELTS - 7/9TOEFL - 90/120 | GMAT - 720/800IELTS - 6.5/9PTE - 68/90TOEFL - 90/120 | - | Duolingo - 120/160GMAT - 680/800GRE updated - 300/340IELTS - 7.0/9PTE - 58/90TOEFL - 100/120 | GMAT - 650/800GRE updated - 324/340IELTS - 7.5/9PTE - 68/90TOEFL - 80/120 |
| Admission Criteria/Better to Have |
| - | GPA of 3.31 average and preferably 683 GMAT Score. Average Work Experience required around 6 years | GPA of 3.34 average and preferably 666 GMAT Score.Average Work Experience required around 5.6 years. | GPA of 3.5 average and preferably 720 GMAT Score. Average Work Experience required around 5.3 years. | GPA of 3.8 average and preferably 660 GMAT Score. Average Work Experience required around 5.6 years. | GPA of 3.55 average and preferably 707 GMAT Score. Average Work Experience required around 5 years. | - | GPA of 3.32 average and preferably 680 GMAT Score. Average Work Experience required around 5.4 years. | GPA of 3.3 to 3.8 average and preferably 694 GMAT Score. Average Work Experience required around 11 years. |
| cost to study | Total Cost (Tuition + Living) -INR 6670324.08 | Total Cost (Tuition + Living) -INR 6523443 | Total Cost (Tuition + Living) -INR 1993338.72 | Total Cost (Tuition + Living) -INR 4350315.87 | Total Cost (Tuition + Living) -INR 5977529.46 | Total Cost (Tuition + Living) -INR 5947357.5 | Total Cost (Tuition + Living) -INR 5722394.04 | - | Total Cost (Tuition + Living) -INR 5802300 | Total Cost (Tuition + Living) -INR 5047503.66 |
| Return on Investment/Average Package | #Average SalaryINR 12433500 | #Average SalaryINR 12433500 | #Average SalaryINR 12019050 | #Average SalaryINR 9532350 | #Average SalaryINR 13621811.04 | #Average SalaryINR 11604600 | - | - | #Average SalaryINR 10464862.5 | #Average SalaryINR 9693653.94 |
| documents required | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose |
| application dates | Apr 5, 2023 (Application Deadline For August 2023 Intake) Sep 28, 2023 (Application Deadline For January 2024 Intake) | Jan 15, 2023 (Fall 2023 Application Deadline 1) Mar 15, 2023 (Fall 2023 Application Deadline 2) Apr 1, 2023 (Notification Deadline for Round 1) Jun 1, 2023 (Notification Deadline for Round 2) | Apr 1, 2024 (Application Deadline For 2024 Intake) | Oct 15, 2023 (Round 1 Application Deadline) Jan 5, 2024 (Round 2 Application Deadline) Mar 1, 2024 (Round 3 ApplicationStart Date) Apr 15, 2024 (Final Application Deadline) | Jan 9, 2023 (Round 2 Application deadline) Mar 17, 2023 (Decision Release Round 2) Apr 3, 2023 (Round 3 Application Deadline) | Feb 13, 2023 (Round 3 Application Deadline For Fall 2023 Intake) May 2, 2023 (Final Application Decision Deadline) May 15, 2023 (Fee Deposit Deadline) | Mar 1, 2023 (Application Deadline for Round 2) Apr 15, 2023 (Application Deadline for Round 3) Oct 15, 2023 (Application Deadline for Round 4) | - | Jun 18, 2023 (Application Deadline For Fall 2023 Intake) | Oct 15, 2023 (Priority Application Deadline For Spring Intake) Dec 1, 2023 (Final Application Deadline For Spring Intake) Feb 15, 2024 (Priority Application Deadline For Summer Intake) Apr 15, 2024 (Final Application Deadline For Summer Intake) Apr 1, 2024 (Priority Application Deadline For Fall Intake) Jul 15, 2024 (Final Application Deadline For Fall Intake) |
| - | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison | Read Full Comparison |
Reviews
13 Reviews Found
Location in heart of NYC and a strong finance program with significant alumni presence in the industry were two major reasons I chose this program. Getting a full-tuition scholarship made the decision easier.
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