New York University’s Stern School of Business moved one rank behind the University of Michigan’s Ross School of Business to No. 7 this year. Although this is the B-school’s lowest ranking over the past few years — breaking the streak of moving up one place in the rankings each year from No. 5 in 2019 to No. 4 in 2020 and then No. 3 last year — it shouldn’t go unnoticed that Stern consistently ranks in the top 10.
While Stern has always placed well in the admissions standards and career outcomes portions of this ranking, their ranking was lowered this year due to a 26th place finish in the alumni experience category, which only includes data from a survey of the Class of 2019.
Stern’s acceptance rate was one of the most exclusive of all ranked undergraduate B-schools this year, at a mere 7.16%. Their average SAT scores were incredibly hight — the highest of all ranked B-Schools at 1531, right ahead of Washington Olin’s average score of 1523.
A TRULY INTERNATIONAL EXPERIENCE, WITH HIGH EMPLOYMENT OUTCOMES
All of this translates into what is probably the most international undergraduate business school experience currently offered in the U.S. That has also translated into very salty employment outcomes. The graduating Class of 2021 that had full-time positions started with an average salary of $81,669, the fourth highest of the undergraduate B-schools. Its employment rate of 94.37% was strong, down only slightly from the Class of 2020’s 95.22%, as was its 94.10% internship rate for 2021 graduates, also down only slightly from 2020’s 96.30%.
Students looking for a truly international experience in an urban setting with strong job outcomes should put New York’s Stern at the top of their list. Georgetown University’s McDonough School is probably the only other top program that compares.
“NYU Stern truly is exceptionally international,” one 2018 alumni told us. “In addition to making it a seamless experience to study abroad in Italy, Stern enables each and every student to travel overseas during their Junior Spring semester during a course called International Studies Program. During this course, we students studied in-depth the economy and industries of a certain nation (I chose Asia — Hong Kong). We then traveled as a class to Hong Kong during our Spring Break to meet with the company we were studying in particular and get hands-on experience in the country to supplement our learning in the classroom back in New York. My class studied Las Vegas Sands and even visited Macao while in Hong Kong to explore the company’s properties and meet with executives to discuss their business and strategies.”
INTERNATIONAL STUDIES PROGRAM A HIGHLIGHT AMONG RECENT GRADUATES
As the alum stated, the International Studies Program is a highlight among recent graduates. Launched in 2001 as the Barr Family International Studies Program, the ISP gives every single student to take what is essentially an international business trip before they even graduate. The course is an entire semester in length but students spend Spring Break in one of three cities in Asia, Europe, or South America.
“(The) International Studies Program was very unique in that the duration of the class focused on studying one country — its history and drivers of the current economic environment it finds itself in,” another 2018 alum. “We were able to more broadly consider some of the local nuances or legacy political barriers that can explain why some business succeeded or failed despite having widespread success domestically. Though our program led to presentations on paths to pursue for a local business in X country we focused on, the extended visit to immerse yourself in the market and experience the culture first hand was one that I would highly recommend for all NYU Stern students.”
STERN’S FIVE PILLARS
Stern’s undergraduate experiences are based on the five broad pillars of academics, global, social impact, professional, and community. For academics, Stern has tried to make its undergraduate program liberal arts-focused, allowing up to 50% of coursework to be in the liberal arts. Combining that with Stern’s New York City location, and it provides a unique academic experience for business students.
In terms of social impact, Stern has actually created a four-course social impact focus that is required of all undergraduate business majors. “No other school does Social Impact like Stern,” the school said in its submitted school survey. Highlighting the professional pillar is SternTalks, which are “TED-style” alumni presentations given to first-year students during the fall semester.
“Starting in 2019, all incoming Stern first-year students take the Intercultural Development Inventory (IDI) assessment, which measures their capability to shift cultural perspective and appropriately adapt behavior to cultural differences,” the school also said in the school survey. “Students meet individually with a trained Stern administrator to understand their results and develop a personalized plan for growth.”
“I was a Business and Political Economy major, which was uniquely structured to require three semesters abroad in London and Shanghai, followed by a senior capstone project on a subject of our choice. This program allowed me to receive a truly global education while fully immersing myself in some of the major financial hubs of the world. I never would have had this opportunity in another program or at another school, and I am exceedingly grateful to Stern for the priceless learning experiences I gained inside and outside the classroom.”
“Our global studies program taught us business culture in Asia and took the entire class to Hong Kong for a week to immerse in the local culture. I additionally took a semester abroad in Madrid and was an International student, to begin with. All of that together truly gave me a perspective on different cultures and countries and how they think and do business. This significantly increased by business empathy and the ability to work with others.”
“I participated in the Stern Honors program which gave the highest academic performers in that class year the opportunity to write a detailed thesis alongside some of the most highly regarded professors in the school. It was important to me because the process stretched my mind in ways I had never experienced before.”
“For junior year Spring Break, our class traveled across the world visiting three locations to meet with professionals from different businesses as well as experience different cultures. My group visited Sands China, going to both Hong Kong and Macau, where we were able to meet with professionals to discuss the business and its go forward initiatives. We later created presentations in class to discuss new potential initiatives or operational changes that could benefit the business. Also, being part of the larger NYU community, Stern students have ample opportunities to study abroad and experience different parts of the world and we maintain one of the highest percentages of students studied abroad of any school.”
“I had the opportunity to work with one professor for all four years that I was at Stern and she became a great mentor to me: showing me how the research process works and getting me engaged in research more broadly. This started because of Stern’s SPUR (Stern Program for Undergraduate Research), which helped me meet professors and helped start long-term relationships that I still have today.”
WHERE THE CLASS OF 2020 WENT TO WORK:
- Credit Suisse
- Bank of America
- Goldman Sachs
- Morgan Stanley
For an in-depth, exclusive interview with NYU Stern Dean of the Undergraduate College Geeta Menon, go here.