The Stern School of Business, located in New York City, is home to one of the best MBA programs in the US. If you’re wondering how to choose the right MBA program for you, the Stern MBA is a great option for applicants looking for either a top-ranked full-time MBA program, a great part-time MBA option or a unique, specialized MBA. Stern offers two specialized MBA programs in technology and fashion, as well as a variety of dual MBA degrees. If you’re looking for a well-rounded MBA program in one of the world’s most exciting cities, Stern could be a great choice for you. In this blog, we’ll look at everything you need to know about the Stern MBA programs, what Stern is looking for in its candidates and how to get in to the Stern School of Business.
Please note: although we have made every effort to provide the most accurate information, admissions information changes frequently. Therefore, we encourage you to verify these details with the official university admissions office. You are responsible for your own results. BeMo does not endorse nor affiliate with any official universities, colleges, or test administrators and vice versa.
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Mission statement
“To prepare individuals and organizations with the knowledge, skills, and tools needed to embed social and environmental sustainability into core business strategy.”
Available programs and curriculum
The Stern School of Business, located in New York City, is one of the best MBA programs in the US and one of the top-rated institutions around the world. The business school is known for its diverse, international community and commitment to solving real-world problems and driving change.
The Stern School of Business offers a full-time MBA program, two specialized MBA programs and one of the best part-time MBA programs in the US. The Stern business school is unique in that it offers the specialized Tech MBA program and the Fashion and Luxury MBA program to full-time students. The specialized MBAs offered at Stern are designed to be focused, accelerated MBA programs for students with a passion for STEM or fashion and business.
The Stern School of Business offers a range of dual or joint degree programs as well. These are designed for students who want to pursue an MBA as well as another graduate-level degree, compounding the time and tuition required to complete two degrees concurrently. Stern School of Business is unique in that it offers a joint MBA program with the HEC School of Management at the Université de Montréal, across the border in Canada. Through this program, applicants can earn two coveted MBA degrees from some of the best MBA programs in Canada and the US. The joint MBA degrees available at the Stern School of Business are:
- MD/MBA
- JD/MBA
- MBA/MFA
- MS in Mathematics in Finance/MBA
- MBA/MPA
- MS in Biology/MBA
- DDS/MBA
- Dual MBA with HEC School of Management at the Université de Montréal
Admission statistics
The Stern School of Business receives thousands of applications every year from students around the globe, and so its acceptance rate is very competitive at just over 9%. Like many top MBA programs, NYU Stern’s accepted students have an average of 5 years of prior work experience, high GPAs and impressive GMAT scores.
- Overall success rate: 9.1%
- Average GPA: 3.60
- Average GMAT: 729
- Average years of work experience: 5.1
- Location: New York City, New York
Stern’s admission statistics are high, just as with other top-ranked business schools, but getting into Stern business school isn’t all about grades. Stern’s selection factors stress a balance between academic strengths and personal qualifications. And strong work experience certainly doesn’t hurt for any MBA program. Next, we’ll look at what Stern values in its applicants.
Stern School of Business Acceptance Rate
Eligibility and selection factors
Stern’s core value, and key selection factors are IQ + EQ. In other words, applicants should have a strong intellectual ability and excellent interpersonal skills. This means you’ll need to show you have more than a good GPA and stellar standardized test score. You’ll have to really demonstrate you have the curiosity, critical thinking, community-mindedness and adaptability of a high IQ and EQ individual. Stern evaluates applicants across three main criteria:
- Academic Profile
- Professional Achievements & Aspirations
- Personal Characteristics
Because of the criteria Stern uses to evaluate potential students, and due to how competitive admissions is at the school, it’s a great idea to use writing to your advantage here. Consider including an MBA letter of motivation, MBA statement of purpose, or an MBA diversity statement with your MBA admission essays. The Stern MBA application provides for an MBA optional essay, so be sure to write one to increase your chances of getting accepted. An MBA motivation letter sample won’t go amiss if it can showcase more of your personal qualities and experiences which align with Stern’s values.
Admission requirements
The admission requirements for the Stern School of Business are split into 5 areas, and cover the academic, professional and personal qualifications. There is no stated minimum required for GPA or standardizes test scores, but its recommended you achieve at least the average in both areas for the best chance of success. Otherwise, focus on crafting a strong application overall and demonstrating the IQ+EQ formula Stern is looking for. We’ll look at each area of the Stern business school application next.
Writing an MBA statement of purpose? Here's a few examples.
Application timeline
The Stern School of Business has 4 intakes per year for its MBA programs. Applicants who are applying for the full-time MBA, the Tech MBA or Fashion and Luxury MBA will have similar deadlines. Applicants applying for the dual MBA program should consult Stern’s website for more information on application requirements and deadlines.
International applicants are encouraged to apply as early as possible to facilitate visa and interview arrangements with the school. International applicants who are applying to the specialized MBA programs must submit their applications by the mid-January deadline at the latest to be considered.
Interview format
Interviews at Stern are held by invitation only. If you’ve been invited to interview, you will need to schedule your interviews through the online application portal. Students applying to the specialized MBA programs will need to schedule their interviews by March at the latest. At this time, all admission interviews for the Stern MBA programs will be video interviews, held in a one-on-one or panel interview format.
MBA interview prep is essential here, as your performance can make or break your application’s success. An MBA mock interview is a great tool to help you ace your Stern MBA interview.
Would you rather watch a video? Here are some tips for your MBA interview.
Tuition and financial aid
The yearly tuition for the Stern full-time MBA is $82,326. The total estimated costs for one year are $123,253, including room and board, transportation, school fees, and the cost of supplies. The total costs for the Tech MBA and Fashion & Luxury MBA programs are between $48,000 and $56,000 per semester.
The Stern School of Business offers various financial aid, merit-based scholarships and fellowships to help students cover the cost of tuition. Students can participate in teaching fellowships at Stern to help cover costs, or there are several scholarships and loan programs students can apply for. International students can speak to an international student scholarship consultant for the best funding opportunities available to them. College seniors or recent college graduates in the US can apply for the William R. Berkley Scholarship at Stern, so long as they meet the eligibility requirements.
Acceptance and waitlist information
The Stern School of Business may release admissions decisions at any point during the application cycle. Since applications are usually completed online, students can expect to receive notice of their application through the online application portal or by email. Typically, offers of acceptance are sent out after admissions interviews are concluded.
Students may also receive notification that they have been placed on the waitlist. If this is the case, the admissions committee may also make a decision regarding your status at any point in the current admissions cycle. You are able to submit supplemental application documentation or provide updates to the admissions committee while on the waitlist to improve your chances of getting accepted. If a decision has already been made and you have not yet been notified, supplemental application documentation will not be taken into consideration.
Contact information
Official website of the NYU Stern School of Business
(212)-998-0600
FAQs
1. Is Stern School of Business hard to get into?
The Stern School of Business has an acceptance rate of just over 9%, so it is very selective and hard to get into. The MBA program receives thousands of applications per year, so competition is high. It’s best to apply as early as possible, during one of four intakes per admissions year.
2. What GPA do I need to get into Stern School of Business?
There is no minimum GPA required for Stern, although the average GPA of matriculating students is 3.6
3. What GMAT score do I need for Stern?
There is no minimum GMAT score required for Stern, although the average GMAT score of matriculating students is around 729.
4. Is NYU Stern good for MBA?
NYU Stern is considered one of the best MBA programs in the US and internationally. It is an excellent choice for students looking for a top-tier MBA education.
5. How do you get into NYU Stern MBA?
To get into the NYU Stern MBA program, applicants should have a combination of IQ + EQ, per Stern’s school values. This means a strong balance between academic proficiency and personal qualities are necessary to get admitted.
6. How much does an MBA cost at Stern?
The full cost of the full-time MBA at Stern business school is upwards of $100,000 USD per year. For the specialty MBA programs, the tuition is slightly higher.
7. What is Stern MBA known for?
The Stern School of Business is well-known for its large international student population, diversity, community-mindedness and commitment to sustainability and solving problems.
8. Is the part-time MBA at Stern worth it?
The part-time MBA at Stern is ranked in the top 5 part-time programs in the US, so it is definitely worth pursuing if a part-time MBA program suits your needs and budget.
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