What are the Best Healthcare MBAs You Can Find in New York City?
New York City is not only home to a number of the finest business schools in the world—it’s also where you can find some of the best healthcare programs this country has to offer. Continue reading…
The Differences Between a Full-Time MBA in New York City and Toronto
New York and Toronto are the largest cities in the United States and Canada, respectively. Both are major financial and cultural centers, and home to millions of hard-working students, employees, and businesses.
Both metros are also home to a number of quality business schools, each with their own prestigious full-time MBA programs. How do New York and Toronto compare as cities and as destinations for your full-time MBA studies? Let’s take a deeper dive and see.
Location
The most bustling and populous metro in the United States, New York City is is the capital of the business world. More Fortune 500 companies are headquartered here than in any other city. The Big Apple is not only home to Wall Street and the world’s largest financial institutions, but also media, marketing and advertising companies. New York is an enormous city and, unfortunately, expensive to live in, so it may not be for everyone.
When looking at metros with bustling financial sectors and companies, New York is often is the first to come to mind. But how about it neighbor to the north? Toronto is also considered one of the world’s fast-growing financial hubs. An article on the Huffington Post explains how Toronto has risen into the top 10 of the world’s most important financial centers. According to the Global Financial Centres Index from Z/Yen Group and Qatar Financial Centre, Toronto has surpassed Chicago and Boston to become the second-most important financial center in North America, and eighth in the world.
According to one unidentified New York banker quoted in the Global Financial Centres Index survey, “Toronto seems to get stronger and stronger. A number of our rivals have opened up subsidiaries there.”
New York City Full-Time MBA Programs
- Columbia Business School
- Stern School of Business – New York University
- Gabelli School of Business – Fordham University
- Zicklin School of Business – Baruch College
What stands out about these programs?
A Columbia MBA opens up countless career options and is sure to pay off in the long run. The median starting salaries for Columbia MBAs is $125,000, with 34 percent of full-time MBA of graduates being employed in the financial services industry. Students may assemble their own elective tracks, but the school also provides recommend course tracks for students interested in careers in entrepreneurship, healthcare, marketing, media, real estate, value investing, and social enterprise.
Meanwhile, Stern’s MBA curriculum gives students tons of flexibility, and allows degree seekers to choose one or two MBA specializations, NYU allows up to three specializations from 20 plus options. Stern makes sure that all students enrolled in the full-time program are ready for business school: Stern hosts a mandatory two-week orientation program in August called “Launch” as well as a special “Summer Start” program that allows students the school believes may need additional preparation to earn up to six credits before starting courses with their classmates in September.
Both Gabelli and Zicklin’s full-time programs feature cohort-based structures. Gabelli’s program features a New York immersion experience where, over the course of five days, students are exposed to a number of company visits with corporations like Deutsche Bank, Money.net, and Hewlett Packard. As an alternative to completing a major, Zicklin students may pursue a joint JD/MBA in conjunction with Brooklyn Law School or New York Law School.
Toronto’s Full-Time MBA Programs
- DeGroote School of Business – McMaster University
- Ivey Business School – Western University Canada
- Schulich School of Business – York University
- Ted Rogers School of Management – Ryerson University
What stands out about these programs?
DeGroote’s full-time MBA is a 16-month program ideal for candidates who are early in their career and want to gain advanced business knowledge in order to have more job opportunities. McMaster is one of only four Canadian universities ranked among the top 100 in the world, including by premiere publications like The Financial Times.
Ivey’s full-time program stands out because it can be completed in one year. During the year, students will learn business essentials from Canada’s only case-based MBA program. Students are able to experience real-world business scenarios through more than 300 cases a year, providing them of hands-on experience for how to best handle a variety of business scenarios.
The Sculich School of Business full-time MBA program is non-traditional due to its amorphous teaching format: The organization, pedagogy, and style of classes is determined solely by the most effective way to teach a particular course. This means that while some course instructors make extensive use of case studies, others do not. Other approaches to delivering courses include in-class presentations, role-playing exercises and visiting speakers and business leaders.
Schulich’s program, however, is on the more expensive side when it comes to Toronto metro business schools. The current full cost of the program in 2018-19 is $77,900 CAD for Canada residents, and $99,400 for international residents. While the tuition costs are actually higher than the likes of NYU Stern or the Columbia Business School full-time programs, because of the cost of living in New York City, the price is actually negligible—especially for Canadian residents.
Schulich/NYU/Columbia Full-Time MBA Costs
| York/Schulich | NYU/Stern | Columbia Business School |
|---|---|---|
| $57,000 (Canada Residents) | $69,086 USD | $71,544 USD |
| $77,900 (Full Cost, Canada Resident) | $110,562 (Full Cost, U.S. Resident) | $107,749 (Full Cost, U.S. Resident) |
Ryerson’s full-time MBA stands out thanks to its Management of Technology and Innovation (MBA-MTI) program, which provides graduates with skills in problem-solving, critical thinking, communication and collaboration. Despite it’s technical sounding name, the MBA-MTO is not a technical program. Instead students enrolled in this track graduate with the skills needed to manage within companies that are focused on tech and innovation.
Breaking Down the Numbers
Even for those who do not pay extra for room and board, expenses for U.S. residents studying at many NYC business schools will be higher than their neighbors to the north. According to Numbeo, the cost of living in Toronto is 24 percent less than the cost of living in New York City, and rent is nearly 40 percent less.
However, the value of the individual school tends to favor New York City programs over its Toronto counterparts. NYU Stern is currently the 12th overall on the U.S. News & World Report 2018 ranking, with CBS coming even higher at 9th overall. The ranking comparison remains consistent with The Economist as well, with CBS coming in 9th (again), Stern coming in 14th. The highest ranked Canadian program in The Economist ranking—Ivey Business School—came in 59th.
NYC/Toronto MBA Rankings
| School | Financial Times Ranking (2018) | The Economist Ranking (2017) |
|---|---|---|
| NYU Stern | 23 | 14 |
| Columbia Business School | 7 | 9 |
| Ivey | 90 | 59 |
| Schulich | NR | 69 |
The higher rankings and costs tend to, unsurprisingly, have a high correlation with financial output. MBA graduates from higher-ranked NYC metro schools tend to do better in terms of salary and bonuses. As previously mentioned, CBS Class of 2017 MBA grads pulled in a median annually salary of $125,000. Class of 2017 Schulich grads, in comparison, made an average median salary of around $90,000 USD.
For more information on the best full-time programs, check out our New York City and Toronto metro pages.
Showdown: Find Out if You Should Get an MBA in New York City or Los Angeles
The battle for hip-hop supremacy may have ended in the ’90s, but we can keep the East Coast-West Coast beef alive while looking at full-time MBA programs in New York City and Los Angeles.
Both cities are home to top business schools and are ripe with employment opportunities in booming industries. But which is best for you? Let’s take a deeper dive.
Location
We’ll start with location, location, location.
The most bustling city in the country, NYC is is the capital of the business world. More Fortune 500 companies are headquartered here than in any other city. The city is not only home to Wall Street and the world’s largest financial institutions, but also some of the largest media, marketing, and advertising companies. While New York City can be daunting in its size, it’s also furiously expensive to live in, so it may not be for everyone. Getting to know the city’s vast public transportation system is a must and it can get pretty cold in the winter, so if you’re looking for beaches, keep reading.
Meanwhile, LA is Tinseltown. The city’s economy is driven by entertainment industries like television, film, video games, music recording, and production, but also by international trade, technology, petroleum, fashion, apparel, finance, telecommunications, and tourism. In the 2017 Global Financial Centres Index, Los Angeles was ranked as having the 19th most competitive financial center in the world, and sixth most competitive in United States. The city is also the largest manufacturing center in the western United States, with the ports of Los Angeles and Long Beach comprising the fifth-busiest port in the world and a vital trade route within the Pacific Rim.
New York City Full-Time MBA Programs
Full-time MBA Programs in New York City include:
- Stern School of Business – New York University
- Gabelli School of Business – Fordham University
- Columbia Business School
- Zicklin School of Business – Baruch College
What stands out about these programs?
A Columbia MBA opens up countless career options and is sure to pay off in the long run: The average starting salaries for Columbia MBAs is $104,000, with 37 percent of full-time MBA of graduates being employed in the financial services industry.
Meanwhile, Stern’s MBA curriculum gives students tons of flexibility, and allows degree seekers to choose one or two MBA specializations, NYU allows up to three specializations from 20 plus options.
Both Gabelli and Zicklin’s full-time programs feature cohort-based structures. Gabelli’s program features a New York immersion experience where, over the course of five days, students are exposed to a number of company visits with corporations like Deutsche Bank, Money.net, and Hewlett Packard. As an alternative to completing a major, Zicklin students may pursue a joint JD/MBA in conjunction with Brooklyn Law School or New York Law School.
Los Angeles Full-Time MBA Programs
Full-time MBA Programs in Los Angeles include:
- Anderson School of Management – UCLA
- Argyros School of Business – Chapman University
- Graziadio School of Business and Management – Pepperdine University
- Marshall School of Business – USC
- Peter F. Drucker and Masatoshi Ito Graduate School of Management – Claremont Graduate University
What’s special about these MBA programs?
Anderson features a Business Creation Option for MBAs, which gives students the chance to start their own businesses while still in school. Meanwhile, the Special Project Option challenges groups to tackle problematic issues that impact an entire industry.
Chapman’s full-time MBA curriculum features three main components—core/required courses, a capstone course, and elective courses. Students have several track options available to concentrate their studies, including: Corporate Finance, Marketing, Investment Management, Entrepreneurship, Information Systems in Digital Times, and more.
Graziadio full-time MBA students have the option to spend a trimester abroad in the fall term of their second year at one of Pepperdine’s partner universities in Africa, Asia, Europe, Latin America, or Oceania.
USC MBAs have required study-away coursework called PRIME International Experiential Learning, a 10-day site visit overseas. Students must complete industry—and company-oriented recommendations in capstone projects that incorporate concepts from global strategy and global economics.
At the Drucker School, students may choose two areas of concentration to focus their studies, and select elective within these areas of concentration. Concentrations are offered in: Strategy, Finance, Marketing, Leadership, Global Management, and Information Technology Management.
Jobs and Salary
When it comes to job placement, both New York and Los Angeles have their perks.
New York is home to business school with the highest job placement rate: Around 97 percent of Columbia Business School graduates receive offers within three months of graduation. The school’s class of 2016 boasted an average starting salary of roughly $125,000 plus a $25,000 signing bonus. The top three industries that employ Columbia graduates are financial Services (37 percent), consulting (35 percent) and technology/media (10 percent).
Check out a complete breakdown of NYC salaries and employment opportunities, give our guide to getting paid in New York a read.
While Silicon Valley has a reputation for being the prime place for MBA jobs in California, LA has been catching up recently—and fast. Los Angeles has embraced the tech boom in a big way, with many Valley bigwigs and new startups alike moving their operations to Silicon Beach. With that in mind, the new era of LA innovation is creating some lofty starting salaries, particularly for MBA graduates.
Recent UCLA Anderson graduates earned an average starting salary of $121,250 with a $25,000 signing bonus, according to statistics released by the school. The top five industries to employ Anderson MBAs are in tech (30.6 percent), financial services (21.6 percent), consumer products (13.4 percent), and consulting services (13.4 percent).
Check out our guide to the highest MBA salaries in Los Angeles for more information.
Which 1-Year MBA Program in New York Is Right for You?
New Yorkers are always in a hurry. For those looking for that same speed with their MBA, they’re in luck. The city—home to eight million people—has five schools where candidates can graduate with an MBA or similar degree within a year.
What better place to build your business knowledge than New York City? Business people from around the world come to the city—but not you. You’d be living in it. Plus, major international companies are headquartered there. JPMorgan Chase, Citigroup, and IBM, for example.
Check out some of the best one-year MBA programs in the city that never sleeps.
Binghamton University School of Management
Binghamton University’s School of Management sits in Midtown New York City. Students will have easy access to Bryant Park, Penn Station, Grand Central Station, Port Authority, all the shopping they need—and the nearby beauty of Chelsea.
The school came to the area in 1970. Its Professional MBA is what sets Binghamton apart. It takes no more than a year, and students meet only on Saturdays. The curriculum does demand a full Saturday, but at least it wraps up in a year. And since it’s on the weekend, full-time working professionals are good to go, too. The school reports students can save $20,000-$50,000 compared to other MBA programs in New York City.
Zicklin School of Business – Baruch College
Baruch College formally created its Zicklin School of Business in 1998 after an endowment from an alumnus Lawrence Zicklin. But the MBA program has been offered since 1920.
Its one-year MBA program is fairly new. The first cohort enrolled this past summer. The program begins in June and takes 12 months. Applicants are expected to have two to five years experience. Given the program’s speed, the class schedule will be intense and build on already acquired knowledge. Students have the option to study abroad during the winter intersession.
Lubin School of Business – Pace University
The Lubin School of Business at Pace University has been around for more than 100 years. Since 1906, the school has been cranking out business graduates ready to take New York City by storm. It offers a unique one-year fast-track MBA—only in financial management.
This specialty in finance gives business students an edge. Graduates will walk away from Lubin knowing how to provide financial consultation to corporations. Lubin is sure to plug its students into any necessary resources for them to succeed. For example, MBA candidates can access the Bloomberg workstation and other financial databases. Classes are based in New York City and Westchester, a short train ride away.
Stern School of Business – New York University
New York University is one of New York City’s most well-known university, so the Stern School of Business is too, naturally. In the middle of Greenwich Village, students can occupy themselves with endless activities when they’re not in class.
However, the Stern School of Business doesn’t quite offer one-year MBAs. Its specialized one-year programs are for its MS in accounting, MS in business analytics, and an MS in global finance. These programs add an oomph to any business professional looking to build their expertise. Most of the programs include a global format, preparing graduates for a global field.
Lehigh University College of Business and Economics
Editor’s Note: As part of the Lehigh 1-MBA program enhancements, the internship component was replaced with a Consulting Practicum. Click here to learn more about the 1-MBA.
Full-Time MBA Battle: New York vs. Philly
Whether it’s Giants vs. Eagles or the Statue of Liberty and the Liberty Bell, New York City and Philadelphia are two cities famous for being at odds with one another. Continue reading…
Part-Time MBA Programs: New York City vs. Boston
Part-time MBAs offer an abundance of perks: more flexibility, online courses, and even weekend and evening classes. They open the door for professionals who want an MBA but might also have children or a full-time job or other responsibilities that take priority.
If looking at the East Coast, two cities may come to mind: New York City and Boston. Both are drastically different metros just by the size alone. New York City is home to more than eight million people. Boston is nearly 675,000. That’s a big difference.
But both places have plenty to offer. It just comes down to what a person is looking for.
Here is the quick version for both cities:
-
- New York City: The city’s part-time programs cater to candidates interested in pragmatic skills like math or finance. They’re also very flexible. Being that it’s New York City, students tend to be more diverse, coming from different countries and backgrounds.
- Boston: Schools definitely offer advantages for candidates who already hold a professional certification like a CPA or CFA. Classes are dramatically smaller than those in New York. Surprisingly, some tuition is more costly than in New York City, but living in Boston is more affordable. Programs also seem to focus on international skills.
New York City
New York City is one of the greatest cities in the world. This is true when it comes to culture, business, networking, and all of the above. People from all around the world frequent this city. The city has its quirks, of course. The public transit system is in a state of emergency. During the summer, it’s not uncommon to find putrid smells sneaking into your nostrils. And there are, of course, the pests and rodents.
But all of this is worth it to the many transplants who move to New York City. After all, the city does hold the title of the world’s second largest metropolitan economy, following Tokyo—a city with a significantly larger population. More than three million of the city’s residents are foreign-born, which is a perk for someone who wants to break into the international sector. New York City really is a magnificent place if you’re looking for vibrancy and a taste of the world beyond the U.S. may look like. It’s a global city.
These schools offer part-time MBAs around New York City:
-
- Lubin School of Business – Pace University
- Rutgers Business School, Newark and New Brunswick (New Jersey)
- Stern School of Business – New York University
- Tobin College of Business – St. John’s University
- Zicklin School of Business – Baruch College
Every school offers its unique set of courses and perks. St. John’s University’s Tobin College of Business has classes during the evenings and weekends. Its curriculum is straightforward: Take 54 credits with a maximum of 36 going toward your concentration.
For NYU Stern, there’s a bit more flexibility. Students can take up to six years completing their MBA if they need. If just the weekends are ideal, candidates are limited to two concentrations: finance and management. The campus is diverse with 34 percent of students female and 24 percent people of color.
The Lubin School of Business offers classes at all times of the day and week. The school offers concentrations in international business and international finance, a benefit to any student wanting to take their work global. It requires that three credits outside a student’s concentration be in international business, so the program definitely leans toward teaching competitive skills for an international market.
The Rutgers Business School is a little far out with its campuses in New Jersey. However, that’s a short ride from New York City (and the cost of living is cheaper in New Jersey, too). The school’s part-time program doesn’t stray too far from its full-time one. It includes an interactive course requirement and makes sure that its students walk away with a working knowledge of statistics and calculus. Math will come in handy when handling business.
The Zicklin School of Business at Baruch College allows students interested to pursue their JD/MBA in partnership with Brooklyn Law School or New York Law School. Accountancy majors can also obtain a CPA with their MBA.
Boston
Boston is like a little piece of Europe in New England. Perhaps that’s why Boston sits at the heart of the region. Its cobblestone sidewalks and streets are an ever-present reminder of the region’s history. While it is certainly not as bustling as New York City, it doesn’t mean it’s quiet. Boston is always booming with tourists on the hunt for the perfect lobster roll or college students traversing their way to class. It’s also culturally diverse with most of its population non-white.
The city doesn’t see the musty summers that New York does, but it does see some severe winters. If snow’s your thing, that’s a perk. If it’s not, well, tough luck. The city does, however, rank among the highest concentrations of employment, so a graduate is sure to find a job in the area. Unlike New York, Boston has already invested in its public transit infrastructure to ensure that residents can get around easily.
Then again, that means parking and driving in the city sucks. You can’t have it all.
These schools offer part-time MBAs around Boston:
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- Carroll School of Management – Boston College
- D’Amore-McKim School of Business – Northeastern University
- Sawyer Business School – Suffolk University
At Northeastern University, flexibility is a strong suit. The program starts in September and January of each year, but students can take as long as they need to complete the program. The D’Amore-McKim School of Business gives students the option to take part in an international field study, which last one to two weeks.
The Carroll School of Management at Boston College gives online and hybrid courses. The school is big on experiential learning, so it does a great job of exposing students to real-world professionals. If a student already holds a CFA or CPA, they are eligible for advanced standing. Like many other Boston schools, the Carroll School is big on expanding students’ experiences beyond Boston. They take TechTreks to nearby New York City or even Seattle. But that doesn’t exempt students from the mandatory 20 hours of community service.
The Sawyer Business School offers a part-time MBA that can be completed in 10 months. That’s shorter than some full-time MBA programs. There’s a summer option, too, for anyone who’s in a rush to graduate. From the beginning, candidates must plan for their career with their first semester including a one-credit business simulation course. The program also has a three-credit global requirement. Students have gone on to China and Brazil in the past for a week-long global travel seminar.
