GMAT Scores, GPA, Rise Again for NYU Stern Class of 2021
NYU Stern got a jump start on introducing its full-time MBA Class of 2021.
Of the 3,518 applicants hoping to join the NYU Stern Class of 2021, only 919 were admitted and 359 enrolled, for a 26 percent admission rate. Those students are, on average, 28 years old and have 5.2 years of professional experience. A few of them were also fresh graduates, with 3 percent having no work experience.
Dramatic Jumps in Academic Performance
One of the major highlights from the NYU MBA Class of 2021 is the improved academic performance of the candidates.
- The average GMAT score rose 5 points, from 716 to 721
- Average GPAs increased from 3.45 to 3.52
There was also quite a difference regarding undergraduate majors. While a quarter of the Class of 2020 majored in business, that percentage increased to 30 for the new group. Meanwhile, the choice of engineering, math, or science as a major matched last year’s candidates at 22 percent. The third most popular major for the Class of 2021 was social sciences (19 percent) followed by economics (15 percent). This is a reverse of last year when a fifth of the class were economics majors.
Women on the Rise, Veterans Hold Steady
The NYU MBA Class of 2021 is expected to arrive on campus with more women than last year—female enrollment rose from 35 percent to 36 percent. However, international diversity decreased slightly. Only 33 percent of the Class of 2021 maintains international citizenship in 37 different countries, compared to 39 percent last year.
There was also a slight decrease in the number of minorities represented in the student body. In the Class of 2021, around a quarter of students (24 percent) identify as minorities, 9 percent of whom are underrepresented minorities. That’s down from 29 percent and 13 percent from last year. However, 7 percent of students are still U.S. Military veterans or on active duty, which is owed in part to the Fertitta Veterans Program.
Work Experience and Industry Background
Students entering the NYU MBA Class of 2021 come from a wide range of industries and backgrounds, the most popular being financial services (28 percent). After that, prior industries are widely mixed with no other industry breaching 12 percent of the class. They include:
- Consulting, 11 percent
- Technology, 9 percent
- Consumer, Products, Retail, 7 percent
- Nonprofit, Arts, Education, 7 percent
To see the full profile as of July 31, 2019, visit the Stern full-time MBA admissions website.
This article has been edited and republished with permissions from its original source, Clear Admit.
J.P. Eggers, NYU Stern Professor and Vice Dean of MBA Programs, Answers Our 5 Questions
In our latest installment of the MetroMBA “5 Questions” series, we speak with J.P Eggers, Associate Professor of Management and Organizations and the Vice Dean of MBA & Graduate Programs at the NYU Stern School of Business. Eggers talks about the MBA program’s new healthcare specialization, what students need to know before enrolling, and what makes NYU stand out when it comes to the business of healthcare.
1. Why Do You Believe The Time Was Right For NYU Stern To Introduce An MBA Specialization In Healthcare?
“Healthcare is an incredibly important part of the U.S. and global economy, and even more central to New York City given the hospital systems, pharmaceutical companies, and insurance providers within the broader region. As a result and in line with Stern’s continued push to diversify the opportunity set for our students, this became a priority to make our ambitious goals in the healthcare space something visible and public.”
J.P Eggers, Associate Professor of Management and Organizations and the Vice Dean of MBA & Graduate Programs at the NYU Stern School of Business
2. What Particular Kinds Of Applicants Do You Believe Are Right For This Kind of Program?
“This specialization is a good fit for applicants interested in the health system broadly. The curriculum options range from insurance markets to pharma strategy to health-tech, so the scope is ambitious. We expect that students with an interest in finance and marketing roles within health-related companies, or those interested in consulting or banking opportunities with a focus on the health sector, will be most drawn to the specialization.”
3. Is This A Sign Of More Unique MBA Specializations Coming To NYU Stern?
“We take our investments in specializations seriously, having been the first school to offer a FinTech specialization and having a broad range of specializations available. But we’ve found that many students have very specific interests when enrolling in an MBA program, and we will continue to explore and evaluate other opportunities.”
4. Since NYU Stern MBAs Can Study Three Specializations, What Are Some Other Specializations You’d Recommend For Someone Studying Healthcare?
“Since healthcare is a ‘vertical’ (industry) specialization, I expect that any of our ‘horizontal’ (functional) specializations would pair nicely. For those interested in pharma roles, I would think that corporate finance, marketing, or strategy would make sense. For those looking at health systems or consulting, I’d think operations may be a clear fit. And for those interested in health tech, our product management, analytics, and innovation specializations may make sense.”
5. Are There Any Unique Organizations In New York That Will be Part of the Healthcare Specialization?
“As part of Stern’s continued commitment to leveraging the amazing resources that NYU has to offer, we will work with both the NYU School of Medicine and the NYU Wagner School of Public Service on aspects of the specialization. The integration of the health-focused track in the Endless Frontier Labs means that we will utilize our connections to the NYC startup ecosystem. And we will continue to explore potential partnerships beyond those.”
To learn more about the NYU Stern MBA programs and specializations, head over to the official school website.
Top MBA Jobs: Investment Banking Analyst
Landing a job in an investment firm is a top goal for many MBAs. They want to bring their talents and knowledge to investors, banks, and corporations who can benefit from their expertise. It’s an exciting and very demanding career field, especially in the wake of the Great Recession of 2008 and 2009.
Banks, brokerages, and financial services firms are looking for candidates that have deep and broad insight into the industry and a willingness to learn more. That’s how you get started as an Investment Banking Analyst. Continue reading…
Best Real Estate MBAs in the Northeast
While a career in real estate is not one of the most popular options for MBA graduates, it is a solid choice. The U.S. real estate industry pulls in over $166 billion in revenue each year, and markets in India, China, and other emerging economies are poised to expand. So, the question is, if you’re looking to go to school in the Northeast, where are the best MBA programs to help build a career in the industry? We’ve highlighted five of our favorite Northeast real estate programs below.
The Best Northeast Real Estate MBA Programs
The NYU Stern School of Business offers full-time MBA students a chance to specialize in real estate. According to the school, it “provides rigorous training in the development, investment, and financing of real estate projects.” Students who choose the specializing are taught to think strategically about real estate in primary and secondary markets including the legal, taxation, and regulatory environments they’ll encounter.
Real estate MBA curriculum includes classes such as:
- Real Estate Development and Entrepreneurship
- Real Estate Transactions
- Real Estate Investment Strategies
- Urban Systems
Real Estate Outside the Classroom:
- Center of Real Estate Finance: Established in 2012, the Center is dedicated to expanding the School’s course offerings and career services in real estate. It’s open to both MBAs and undergraduates alike and offers monthly events, research and more.
- MBA Real Estate Club: The Stern Real Estate Club (SREC) offers guest lectures, panel discussions, mixers, site visits, and case competitions for MBA students interested in expanding their real estate experience and insight.
The Georgetown University McDonough School of Business also offers a specialization in real estate for MBA students, which can include an intensive learning experience (ILE) in real estate development. ILEs are elective courses that offer client-centered work and experiential learning opportunity off campus in a concentrated time format.
MBA students interested in real estate can take courses in:
- Real Estate Private/Public Equity
- Real Estate Private/Public Debt
- Negotiations
- Fixed Income Analysis
Real Estate Outside the Classroom
- Steer Center for Global Real Estate: The Steers Center “offers students unparalleled access to the real estate industry at a global level.” Students gain hands-on experience with the D.C. real estate market through a range of activities from alumni mentoring to internships, job contacts, and more.
- Real Estate Industry Career Coach: Georgetown offers a career coach with specific industry knowledge and relationships in real estate. This career coach will help MBA students with their resume, cover letter, mock interviews, and networking strategy.
At The Wharton School, MBA students can major in real estate. This major includes two required courses in real estate investment and real estate development. The goal of the major is to “prepare students to be leaders in the real estate industry” and provide the necessary quantitative and qualitative tools to be successful. Offered since 1985, the major has grown in scope and size over the years.
Additional courses in real estate that Wharton MBA students can enjoy:
- Global Real Estate: Risk, Politics, and Culture
- Urban Real Estate Economics
- Real Estate Law
- Real Estate Entrepreneurship
Real Estate Outside the Classroom
- Samuel Zell & Robert Lurie Real Estate Center: Each year, the Real Estate Center sponsors conferences, seminars, and special programs for students and faculty interested in real estate. Established in 1983, it promotes excellence in real estate education and research.
- Wharton Real Estate Club: The Wharton Real Estate Club provides career development, mentorship, and networking opportunities for students at Wharton. Of particular note are the treks and tours that allow students to meet prospective employers, visit project sites, and gain first-hand experience.
The Columbia Business School’s MBA Real Estate program “provides students an unparalleled opportunity to expand their entrepreneurial skills while focusing on real estate finance and investment management.”
The program encourages students to view real estate as both a physical and financial product by emphasizing a blend of theory and practice. Throughout the curriculum, students work on 65-plus proprietary real estate business cases taught by real estate professionals.
The real estate curriculum differs every term, but it includes courses such as:
- Real Estate Finance
- Real Estate Transactions
- Real Estate Portfolio Management
- Social Impact Real Estate Investing and Development
Real Estate Outside the Classroom
- Paul Milstein Center for Real Estate: The Center for Real Estate integrates the theoretical and practical knowledge of real estate. It offers regularly hosted events including panel discussions, conferences, alumni career breakfasts, and symposiums
- Fellowships & Scholarships: Uniquely, Columbia offers multiple fellowships and scholarships for MBA students interested in real estate. Awards can be as much as $50,000 a year and are both merit-based and need-based.
Full-time MBA students at the Rutgers Business School can customize their education with a real estate concentration. In total, students who choose this path will take six courses in real estate including strategic management. They can also pursue a dual concentration in finance and real estate, which requires them to take a course in aggregate economic analysis.
Other potential real estate courses that MBA students can take, include:
- Real Estate Finance
- Real Estate Capital Markets
- Market Analysis and Valuation
- Property Management and Real Estate Investment Management
Real Estate Outside the Classroom
- Center for Real Estate: The Rutgers Center for Real Estate is a dynamic hub for students, academics, and professionals. It aims to educate, research, and exchange ideas on real estate. Currently, more than 95 real estate professionals lend their influence to the Center.
- Rutgers Real Estate Club: The Club is a “place for people interested in real estate, internships, and everything business. It brings together experienced speakers for a variety of events and opportunities.
Where Should You Go? The Benefits of a Mid-Tier MBA
You have an MBA acceptance letter from both Harvard Business School and Cornell SC Johnson. Which do you choose?
Your gut reaction might be to choose Harvard’s top-ranked MBA program without a second’s pause. After all, aren’t business school rankings—like those compiled by the Financial Times and U.S. News & World Report—the most important consideration when choosing your MBA program?
In some cases, you might be right. If you’re most interested in reputation, then ranking is all important. However, there are many times when rankings should be taken with a grain of salt. They tell a story, but not the whole story, especially when it comes to you as an individual candidate.
Just because a specific school is top-ranked, does not mean it should be the top rank for you. Many mid-level MBA programs are just as impressive and could be a better fit for you depending on your needs.
In this article, we’ll take an in-depth look at when and why you should choose a mid-ranked MBA program over a top-ranked program. Continue reading…
Friday News Roundup – Wharton Opens FinTech Center, Northeastern Students Give Back, and More
Let’s take a look at some of the biggest stories from this week, including the all new Wharton FinTech Center.
Giving Day at D’Amore-McKim – Northeastern University News
On April 11, 2019, Northeastern University will host its Annual Giving Day: a 24 hour event that will support, among other NU endeavors, expansion of D’Amore-McKim‘s programs.
“Giving Day is a great way of getting our entire D’Amore-McKim community to come together to support what makes us remarkable,” Deborah Magnezy, Assistant Dean of Development at D’Amore-McKim, says of the event.
Among the funds to which donors can contribute are a FinTech Initiative, which engages students with the latest in technological advances within the financial services community; the Entrepreneurship and Innovation Fund, which will help create co-ops for students in this field; a Global Learning Fund, and the Digital, Analytics, Technology, and Automation (DATA) Initiative Fund.
Giving Day will feature speakers and activities for alumni, students, faculty and all others who support the school. To learn more about Giving Day, click here.
Wharton Announces Stevens Center for Innovation in Finance – Wharton News
University of Pennsylvania’s Wharton School of Business announced the establishment of the Stevens Center for Innovation in Finance in order to focus on tech innovation across the industry.
Named for Ross Stevens, alum and founder of Stone Ridge Holdings Group, the center will hold its inaugural event on April 3. FinTech leaders such as Wharton alum Jackie Reses, head of Square Capital, and David Klein, CEO of CommonBond, will appear at the event. The Stevens Center will be led by David Musto, Ronald O. Perelman Professor in Finance at Wharton.
According to Penn president Amy Gutmann, “The mission of the Stevens Center is precisely this: to ensure that innovations in finance make the greatest positive contributions to businesses and communities across the globe. The Stevens Center will catalyze Penn’s world-leading research and industry engagement and enrich the opportunities available for our outstanding students.”
The center will welcome business leaders to campus, and will offer students curriculum in FinTech research. It will also offer engagement with Wharton’s various FinTech clubs to open new career pathways for interested students. Along with courses, the center will offer mentorship opportunities and research projects, which will translate into real world applications.
You can learn more about the new Wharton FinTech Stevens Center here.
Gies Students Honored for Southside Startup – Gies College of Business News
Jordan Buckner and Isaac Lozano, two University of Illinois Gies College of Business MBAs, have brought their b-school knowledge to bear in the formation of their Chicago company Tea Squares, and have also created great social impact within the South Side community.
Tea Squares, which are snacks infused with energy enhancing teas, are selling in hundreds of retail stores, including Whole Foods, Jewel, and Mariano’s. In addition, the company’s success has earned the partners acknowledgement by Forbes for its annual 30 Under 30 list. Buckner says of the Forbes mention, “It was awesome to be recognized for creating a great-tasting snack to help people achieve success during their day and also be recognized for our social mission, which is a critical piece [of our business plan]… it was very humbling to be honored in that way.”
TeaSquares founders and Gies alumni Jordan Buckner, left, and Isaac Lozano, seen in their recent Chicago Tribune feature.
Tea Squares offers fellowships via partnerships with community revitalization groups. Through this, Buckner and Lozano find candidates with high-potential for sales, marketing, or production roles. The end goal of the fellowship is to train candidates to pursue their own ventures, thus strengthening the economy of the South Side.
For more on Buckner, Lozano, and Tea Squares, click here.
Stern Announces Major Research on Sustainable Products Market – NYU Stern School of Business News
The Center for Sustainable Business at NYU’s Stern School of Business recently released new findings from its Sustainable Share Index, an analysis of consumer’s purchases of products and business marketed as sustainable.
Over half of the growth in sales of consumer packaged goods since 2013 has been comprised of products with ‘environmentally friendly’ attributes. These items comprised 16.6 percent of consumer sales in 2018. Over the five year period, sustainability-marketed products had an increase in sales of 29 percent, or $114 billion. This may grow to $140 billion by 2024.
NYU Stern professor and founding director of Stern’s Center for Sustainable Business Tensie Whalen says:
“Results from this research reinforce the idea that embracing sustainability leads to better business results. We are excited to launch the Sustainable Share Index and look forward to continuing our research in the years to come.”
Other experts on sustainable business were quick to remark on this “eye opening” study. “Companies should take notice—the benefits of sustainability cannot be ignored … In fact, this groundbreaking research shows the significant impact that sustainable products have on overall category growth.” notes Randi Kronthal-Sacco, senior scholar in Marketing and Corporate Outreach from the Stern’s Sustainable Business Center.
For more on the Sustainable Share Index and the recent research, click here.
Berkeley Haas Hosts 23rd Annual Women in Leadership Conference – Berkeley Haas News
The University of California’s Berkeley Haas School of Business‘ Women in Leadership Conference takes place this weekend, March 16, 2019.
A team comprised of Berkeley Haas MBAs has worked for months to produce the 23rd annual event, which is the school’s longest running conference. With over 300 attendees expected to attend and 20 speakers on various issues affecting women across the world, WIL’s 2019 theme will be “Your Stories, Your Growth”.
Dean Ann Harrison will open the event with a welcome address. A keynote speech, panel discussions, and breakout sessions are to follow. Erin Casale, MBA 19 and WIL conference team member says of this year’s theme, “Stories inspire change, and that’s our ultimate collective goal … We recognize that everyone attending this conference brings something to the table.”
Members of the 2019 Women in Leadership Conference at the UC Berkeley Haas School of Business / Photo via http://newsroom.haas.berkeley.edu
Other speakers will be Sandra Lopez, VP at Intel Sports; Tyi McRay, interim director of diversity at Airbnb; Elena Gomez, CFO of Zendesk, and Brandi Pearce, lecturer in the Management of Organizations at Berkeley Haas.
Casale notes that the goal for the conference is to plant the seeds for change for those who attend.
“For us, it will be a win if attendees come away with a clear next step of what they can do to set themselves and their peers on a better path toward equity and inclusion … We want people to feel equipped for change and inspired to start it.”
Click here for more on this year’s conference.
