GMAT Scores, International Students Jump at NYU Stern
Last week, the NYU Stern School of Business shared a preliminary profile of its Class of 2020. Even amid some declines, the school showed gains in the diversity of its class and added a few points to the average GMAT score for incoming students.
This year saw 3,781 applicants—down from 3,927 for the Class of 2019. Among the new applicants, 876 were admitted (23 percent) and a total of 375 enrolled. Last year, 822 applicants were admitted (21 percent), yielding 402 enrolled students.
Although the percentage of female students dropped slightly from the previous year (38 to 35 percent), the Class of 2020 is more global than the Class of 2019. International students increased from 37 percent last year to 39 percent, even as overall international MBA application volume to U.S. schools faltered.
“International applications were down about 10 percent this year, but they still represent about half of total applications, so we had a very strong pool of applications from which to admit,” an NYU spokesperson says.
The percentage of minority students held steady at 29 percent—the same as the previous year. But of those, 13 percent this year are underrepresented minorities (U.S. citizens and permanent residents who identify as African American/Black, Hispanic, or Native American/Alaskan Native), up 2 percentage points over the Class of 2019.
The average GMAT score for incoming students this year increased to 717—a three-point gain over the previous class. However, the median GMAT maintained the same score as the previous class, sitting at 720. At the same time, applicants opting to submit GRE scores instead of GMAT scores jumped from 12 to 19 percent, while the average GPA slipped slightly from 3.48 to 3.45.
The NYU Stern Class of 2020 sported a 717 GMAT average; three points higher than the previous class.
The Class of 2020 has a diverse educational background. Approximately 29 percent of students studied business as undergrads, more than any other major. Another 20 percent of the incoming class have degrees in engineering, math, and science. Economics, humanities, and social sciences majors make up the rest of the class, totaling 18 percent, 17 percent, and 16 percent, respectively.
Stern also continued its efforts to recruit military veterans and active duty service members, including through the Fertitta Veterans Program. Now in its second year, the program underwrites more than half of the tuition bill for approximately 20 incoming students annually. Veterans and active duty service members comprise 7 percent of the Class of 2020, similar to last year.
The average work experience among incoming students increased from 4.9 years for the Class of 2019 to to 5.3 years this year. More than a quarter—26 percent—of the Class of 2020 comes in with previous experience working in financial services, and another 13 percent come from consulting. The three next largest feeder industries are technology, entertainment/media, and military/government, making up 9 percent, 7 percent, and 7 percent, respectively. With regard to post-MBA career aspirations, members of the Class of 2020 are increasingly interested in consulting, technology, entrepreneurship, and healthcare.
Click here or more information on the NYU Stern Class of 2020.
This article has been edited and republished with permissions from our sister site, Clear Admit.
Female Enrollment, GMAT Scores Rise for NYU Stern Class of 2019
Applications are up and acceptance rates are down, according to new statistics from the New York University Stern School of Business Class of 2019.
A total of 3,927 applicants applied to join the NYU Stern Class of 2019, increasing around 4 percent from last year’s figure of 3,773. Despite the growing pool of applications, enrollment actually got tighter, dropping from 871 admissions last year to 822 for the Class of 2019.
Figures via NYU Stern
From the 822 admitted students, a total of 402 elected to join the NYU Stern Class of 2019—up slightly from the 392 enrolled students in the Class of 2018. While the difference in the number of incoming students is minimal, the demographics that make up those students, however, differ from last year’s figures. The percentage of incoming students who are female jumped modestly from 35 percent to 38 percent. The percentage of admitted international students also slightly increased, moving up from 35 percent to 37 percent for the Class of 2019, representing 35 countries overall.
Figures via NYU Stern
The average GPA for NYU Stern Class of 2019 slipped from 3.51 to 3.48, but GMAT scores actually drifted upwards, improving from an average score of 710 for the Class of 2018 to 714. The median GMAT score, however, saw a larger increase, moving up to 720 from 710 last year.
Figures via NYU Stern
A slight majority of incoming Stern School of Business students join with previous experience in the financial services industry, totaling 29 percent. Following in second is consulting, with roughly 12 percent, followed by students with government and/or military backgrounds at 7 percent. Stern has been fairly active in recruiting applicants with military backgrounds and aspirations, implementing the Fertitta Veterans Program less than a year ago. The program will assist 20 full-time MBA students with military experience drastically reduce tuition yearly tuition fees, falling to a flat rate of $30,000 per year.
For more information regarding the NYU Stern School of Business Class of 2019, MBA program details, scholarships and more, please visit the school website.
This article has been edited and republished with permissions from Clear Admit.
NYU Stern MBA Scholarship Spotlight
Finding a way to afford your MBA degree shouldn’t be as challenging as the application process, but often it can be. With acceptance to a top MBA program can often come a top cost, which can often be a deterrent for someone pursuing their graduate degree. Through funding and scholarship opportunities, however, students may have the opportunity to reduce the cost of their degree, helping more up-and-coming business professionals have a shot at the quality education they deserve.
NYU Stern Announces New Veterans Scholarship Program
Brothers Lorenzo and Frank III Fertitta, sons of retired casino magnate Frank Fetitta Jr., have recently gifted the NYU Stern School of Business with a generous $15 million endowment for the newly established Fertitta Veterans Program.
The donation will assist the full-time acceptance of around 20 military veterans looking to pursue an MBA, reducing tuition to a flat $30,000 per year. The current tuition rate for the NYU Stern MBA program is just above $66,000 per year.
Speaking with NYU Stern, MBA student Samantha Sarkis says, “Business school is a huge financial investment and an even bigger one when attending one in NYC because the cost of living is almost as much as your tuition. When considering what schools to attend, I weighed out the opportunity costs of the school brand, location, opportunities and tuition. While researching schools, NYU was the only school that offered a non-9/11 GI Bill scholarship, which was extremely appealing given the strength of its brand, location and unique opportunities of living in NYC.”
The program will not only provide a significantly reduced tuition rate, but will also provide courses to spearhead MBA students into their future business careers.
Isser Gallogly, the associate dean of MBA admissions and program innovation, says, “Students will participate in a six-week summer term during which they earn six credits and participate in a variety of academic, leadership and career development activities. Students will take the core course statistics and data analysis, as well as accounting.”
The effort to naturally integrate returning military veterans is not just limited to the school, says Raghu Sundaram, vice dean of MBA programs.
“A part of it is professional: connecting them to alumni who are themselves veterans and who can act as mentors, assisting in this transition process and to corporations who hold special events for veterans,” Sundaram says. “And a part of it is social, allowing them to bond with each other even as they get to know the school and the city.”
The scholarship will officially go into effect in 2017.
The Fertitta brothers both work in the casino and sports entertainment industry. Frank III, who earned a BA/BS from the USC Marshall School of Business, is the current CEO of Station Casinos, which was originally founded by his father. He is also a part-owner of Zuffa LLC, the company that owns the UFC, of which Lorenzo works for. Lorenzo graduated with an MBA from NYU Stern in 1993.
Click here for more information on the NYU Stern Fertitta Veterans Program.
