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  • Stern School of Business, New York University

School Overview

The Leonard N. Stern School of Business (New York University) was founded in 1900. The school is situated at NYU's Washington Square campus in New York City. It is the founding member of Association to Advance Collegiate Schools of Business, and one of the oldest, well-respected and top-ranked business schools in the world. It was renamed after one of its alumnus and patron, Leonard N. Stern donated a generous $30 million in 1988. The Langone Part-time MBA Program got its current name when a famous investment banker and Home Depot investor Kenneth Langone donated $10 million to Stern in 1999.

Stern offers MBA Programs which are Full-time, Part-time, Executive and Trium Global EMBA Programs (joint program with the London School of Economics and the HEC School of Management, Paris). It offers specializations in Marketing, Finance, Information Systems, Actuarial Science, Economic Policy, Economic Theory, Entertainment Media & Technology, Luxury & Retail, Social Enterprise, Accounting (CPA and General) and others. Stern also offers its own study abroad program IBEX (International Business Exchange Program) which lasts one semester at the top business schools of the world. Admission process at Stern is extremely selective with the admission rate as low as 14%.

Few of its illustrious alumni include: Salvatore Ferragamo (Ferragamo Design), Tom Freston (MTV Networks), Robert Greifeld (CEO, NASDAQ), Renato A. DiPentima (President and CEO, SRA International Inc.), Abby F. Kohnstramm (Sennior VP, IBM), Alan Levin (CFO, Pfizer), Cathy Minehan (President, Federal Reserve Bank, Boston), Park Chong-sup (CEO, Hyundai Electronics Industries), Francesco Trapani (CEO of Bulgari), etc.

Academic Info

About Programs

Full-Time MBA Program Langone Part-Time MBA Program Executive MBA Program Trium Global EMBA
Rankings BW 2010: 18
FT 2011: 15
U.S. News 2011: 10
Economist 2010: 14		 BW 2010: 23 BW 2010: 14
FT 2010: 17
U.S. News 2011: 6		 FT 2010: 3
Duration 24 months 24-36 months (individual schedules may vary) 12 months 16 months / 10 weeks out of office + 6 onsite modules and distance learning
Deadlines Round 1: Nov 15, 2011.
Round 2: Jan 15, 2012.
Round 3: Mar 15, 2012.		 Spring 2012: Sept 15, 2011
Fall 2012: May 15, 2012. 		January 2012 - Round 1: Oct 1, 2011.
Round 2: Nov 1, 2011.
August 2012 - Round 1: Mar 1, 2012.
Round 2: May 15, 2012.
Rolling Admissions. Applications are accepted and reviewed throughout the year.
Average GMAT score 715. GRE score accepted as alternative. Mid 80% range: 620-730. GRE score accepted as alternative. Either the GMAT or the GRE accepted as a part of the application process. Either the GMAT or the GRE accepted as a part of the application process if the applicant has less than 15 years business experience
Average GPA 3.4 (No minimum GPA required). Mid 80% range: 2.9-3.8 (No minimum GPA required). No minimum GPA required. No minimum GPA required.
Minimum years of education 15 15 15 15
TOEFL/IELTS requirement Required for international applicants Required for international applicants Required for international applicants Required for international applicants
Avg Professional Work Exp. 4.7 years 5 years 14 years (Minimum years of work experience required is 6 or more, wherein 9 or more in managerial position) 15 years (Minimum 10 years of work experience required)

Class Profiles

Full-Time MBA Program Langone Part-Time MBA Program Executive MBA Program Trium Global EMBA
Class Size 392 Fall: 450
Spring:300		 Fall: 60
Spring:60		 65
Average Age of a Student 27 years 28 years 38 years 40 years
Female Students 34% 33% 30%
International Students 38% 40-50%
International Faculty 46% 46 46%
Classes commence from Classes start in Fall each year. Classes start in Fall as well as Spring with flexible options: Manhattan - Weeknights, Manhattan - Weekends, Westchester - Weeknights. Classes start in August as well as January and meet every other week on Fridays and Saturdays. Classes start in September each year.

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Admissions Process

Full-Time MBA Program Langone Part-Time MBA Program Executive MBA Program Trium Global EMBA
Recommendations 2 Letters of Reference required:
1 preferably from a current supervisor.
2nd one may come from a former manager, client, or supervisor.		 2 Letters of Reference required:
1 preferably from a current supervisor.
2nd one may come from a former manager, client, or supervisor.		 2 Letters of Reference required:
1 preferably from a current supervisor.
2nd one may come from a former manager, client, or supervisor.
Also, a Letter of Endorsement from applicant's organization on the official letterhead, signed by management, indicating that the necessary finance and time will be provided for attending the program.		 2 Letters of Reference required:
1 preferably from a current supervisor.
2nd one may come from a former manager, client, or supervisor.
Also, a Letter of Endorsement from applicant's organization on the official letterhead, signed by management, indicating that the necessary finance and time will be provided for attending the program.
Transcripts Unofficial transcripts (scanned, uploaded electronic version or photocopies of orignals) from all post-secondary educational institutions from which applicants have earned a degree. Official transcripts to be produced only after admission when notified. Official transcripts from all post-secondary educational institutions from which you have earned a degree accompanied by proof of degree conferral. Official transcripts from all post-secondary educational institutions from which you have earned a degree accompanied by proof of degree conferral. Official transcripts from all post-secondary educational institutions from which you have earned a degree accompanied by proof of degree conferral.

Expenses

Full-Time MBA Program Langone Part-Time MBA Program Executive MBA Program Trium Global EMBA
Tuitions and Fees $99,800 $23,080 (Based on six credits in the Fall and six credits in Spring for 2011-2012; Tuttion per credit: $1,640) $149,000 (Except travel costs to and from the two Global Study Tour Courses) $140,000 (Includes tution, books and materials, lodging in China and India, and group meals)
Estimated Monthly Living Expenses $2,750 $2,750
Financial Aid / Scholarships More Info More Info More Info Partial scholarships offered to candidates whose profiles will complement the program's objectives.

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