Stern School of Business (New York University)

The New York University Leonard N. Stern School of Business, known officially as NYU Stern, The Stern School of Business, or Stern, is the business school of New York University, a private research university located in New York City. 

Stern’s undergraduate courses are Bachelor of Science in Business, Business, Technology and Entrepreneurship (BTE), and Business and Political Economy (BPE). 

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The graduate courses provided at Stern are the full-time Master of Business Administration (MBA), executive MBA for working professionals, and Master of Science (MS) degrees.

Programs: Stern School of Business offers more than 30 programs to overseas students at all levels, including five types of MBA, including a dual degree. Moreover, students are allowed to pursue certificate courses, online programs, and executive education at programs at Stern.

Campus: Known originally as the School of Commerce, Accounting, and Finance, Stern hosts foreign students from about 47 countries. 

Requirements for Admission: Stern is one of the top-ranked undergraduate business schools in the United States. To gain admission to Stern, foreign students need educational transcripts, teacher’s assessments, test scores of GMAT, a statement of purpose (SOP), and a CV/résumé.

Cost of Attendance: The cost of attendance of undergraduate programs at Stern ranges from $60,000 to $80,000. While the cost of study for an MBA program is about $122,000. 

Scholarships: Overseas students who have financial problems can access various scholarships to study at the Stern School of Business. These scholarships not only cover full tuition fees but also provide a stipend to the student for accommodation. 

Placements:  Stern’s graduates earn an average starting salary of $75,828. Close to 94% of MBA students land job offers within three months of graduating.

Rankings of Stern School of Business

Stern was ranked #10 by US News and World Report, 2022 in the Best Business Schools list and #18 by QS World University Rankings, 2022, in Global EMBA Rankings.

Main Features

Type	Private University
Location	New York City
Campus Setting	Urban
Year of Establishment	1900
Mode of Programs	Full-time/ Part-time/ Online
Acceptance Rate	8%
Financial Aid	grants, scholarships,  loans

Stern School of Business Campus and Accommodations

Stern School of Business is housed on a campus in New York City, one of the world’s liveliest cities for trade, technology, fashion, media, finance, etc. It is the headquarters of many of the major multinational companies of the world. Due to these, Stern’s students are exposed to major industry events and fairs. Students can showcase their leadership skills by taking part in one of the 27 professional clubs and organizations designed especially for its students.

Accommodations at Stern School of Business

Stern School of Business hosts two graduate living communities and 22 residential halls, both of which can house about 12,000 undergraduate and graduate students. There are two types of residence halls that are akin to apartments with communal kitchens. Present also here are conventional residence halls without kitchens. The cost of living in, or surrounding the campus costs about $19,000. 

Options for first-year residence halls are Brittany Hall, Clark Street, Founders Hall, Goddard Hall, Greenwich Hall, Othmer Hall, Lipton Hall, Rubin Hall, U Hall, Third North, and Weinstein Hall. Each student is provided with a twin bed mattress, a closet or wardrobe cabinet drawer space, and a desk and chair.

Programs Offered at Stern School of Business

Stern’s top-ranked academic programs are accounting, finance, business analytics, information systems, real estate, executive MBA, marketing, and part-time MBA. Among the several degrees offered at the undergraduate level, the top ones are BS in Business program, BS in Business, Technology and Entrepreneurship program, and the BS in Business and Political Economy program. 

The popular graduate programs offered that the school offers are MS in Data Analytics & Business Computing, MS in Global Finance, and MS in Business Analytics. The school offers five types of MBA programs: Full-time MBA, Part-time MBA, Dual-degrees of MBA, Executive MBA, and Tech MBA, among other degrees. The study duration of all the programs, barring a part-time MBA, is one to two years. Students can complete their part-time MBA in a timeframe of two to six years at their convenience.

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Admission Process of Stern School of Business 

Application Portal: Online Application

Application Fee: $80 for undergraduate programs and $250 for graduate programs (variable).

Application Deadline: The deadlines for applications to the undergraduate programs at Stern are as follows:

Application Types	Deadlines
Early Decision	November 1
Early Decision II	January 1
Regular Decision	January 5

Requirements for Admission: The documents that need to be submitted along with the application are as follows:

• Official higher secondary school/college transcripts
• Four-year bachelor’s degree for graduate courses
• Teacher’s evaluation form
• Grades in exams 
• Résumé 
• Statement of purpose (SOP)
• Proficiency test scores in the English language in either TOEFL or IELTS.

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Cost of Attendance at the Stern School of Business 

• Before arriving to study in the US, foreign students should put together a budget of expenses while they apply for college admission.
• The cost of attendance for undergraduate students for two semesters at Stern School of Business is as follows:

Expense type	Accommodation on-campus/off-campus (USD)	Traveling Student (USD)
Tuition	56,500	56,508
Room and Board	19,682	2,580
Books and Supplies	718	718
Transportation	1,132	–
Personal Expenses	2,846	2,846
Total	80,878	62,644

The Cost of Attendance for MBA Program Students Is Given in the Table Below:

Expenses	Cost (USD)
Tuition Fees	76,700
Registration Fees	4,429
Room & Boarding	27,420
Books & Supplies	1,500
Transportation	1,132
Sundry (including Student Health Insurance costs at NYU)	8,144
Loan Fees	216
Total	121,541

Scholarships Provided by Stern School of Business

Financial assistance is provided to students by way of scholarships, federal loans, private loans, student employment, and grants. About a quarter of the full-time MBA programs are recipients of merit based scholarships. Most of the students of Stern MBA get scholarships which are equivalent to half or complete tuition fees.

Both domestic and international applicants are taken into consideration for scholarships without any extra materials during the time of admission. The details of certain scholarships for students of full-time MBA students are as follows:

Name of Scholarship	Details of the Scholarship	Value
Dean’s Scholarship	Granted to a limited number of excellent students.	Full tuition and fees
Named Faculty Scholarship	Granted to academically exceptional students.	Full tuition and fees
Stern Scholarship	Granted to admit students with solid academic merit.	Full tuition and fees
Directors Scholarship	Granted to admit students with solid academic merit.	$50,000
William R. Berkley Scholarship	Granted to exceptional college seniors or recently passed college graduates who are keen on pursuing an MBA at the Stern School of Business.	Complete tuition and fees in addition to a stipend for accommodation and academic expenses.
Alumni Scholarship	Granted to admit students with strong academic merit.	$60,000

Alumni Network of Stern School of Business

Stern School of Business has more than 105,000 alumni members across the globe. Members enjoy an array of benefits and discounts like:

• Video library access
• Eligibility for two tuition-free courses every year and 50% concession on additional courses.
• 50% concession on all online courses
• Career guidance services and opportunities to network

Placements at Stern School of Business

Stern’s career development center conducts workshops and fairs to bring together employers and students.  Stern graduates got employment in several sectors, such as consulting, consumer products, energy and power, finance, real estate, technology and telecommunications, transportation, etc. The mean salaries obtained by the Stern School of Business graduates as per their respective professions are as follows:

Professions	Salaries in USD
Financial Services	151,000
Executive Management & Change	134,000
Finance Control & Strategy	121,000
Insurance	132,000
Legal Department	173,000

Application Deadlines at Stern School of Business

Program	Application Deadline	Fees
MBA	Summer 2023 Application Deadline (18th Mar 2023) Fall 2023 Application Deadline (15th May 2023)	$82,326 per year