MBA Admissions: NYU Stern & International Business

A quick glance at NYU Stern currently ranks in 11th place as one of the best business schools, according to US News & World Report (March 2012). It is ranked in 6th place for international business.  

Stern’s Class of 2014 and International Business

3907 people applied to NYU Stern in 2012; the entering class size was 389. The average GMAT score was 720 and the class has an average undergraduate GPA of 3.51. The average number of years of work experience for the class of 2014 is 4.8 years.

26% of class of 2014 students have undergraduate degrees in business and commerce; 22% in economics; 21% in engineering, math, and science; 17% in social sciences; and 14% in humanities, arts, or other areas.

In terms of pre-MBA work experience, the largest group of students came from the financial services industry (23% of the class). This is followed by 11% from consulting, 10% from banking, 10% from entertainment/media/technology, 8% from nonprofit/arts/education, 5% from advertising/public relations, 5% from the military/government, 4% each from consumer products/retail and law, 3% each from pharmaceuticals/healthcare and real estate, and 2% each from energy and engineering industries. The remaining 10% of the class falls under the “other” category.

NYU Academics Related to International Business

There are four phases to the Stern curriculum:

Phase 1: A 2-week orientation program called LAUNCH that introduces students to New York City and to b-school with tours, panel discussions, speakers, and other activities.

Phase 2: First year core classes. All students must take 2 required courses (Financial Accounting & Reporting and Statistics & Data Analysis) and choose 5 courses from the Menu Core (Firms & Markets, Foundations of Finance, The Global Economy, Leadership in Organizations, Marketing, Operations Management, and Strategy). Students can take electives in their first year. Students can obtain waivers for core classes if they have proficiency in the subject matter.

Phase 3: Summer Internship.

Phase 4: Second year core and elective courses. The only core course for second year students is Professional Responsibility. Other than that, students take elective courses. Up to 5 of these courses may be taken at another NYU grad school.

Students may choose between 0-3 specializations. It is within these specializations that students will choose their elective courses. Relevant specializations for those interested in international business are Economics, Global Business, Law and Business, and Financial Instruments and Markets. (Click on the links to see sample courses from each of the categories.)

Since 38% of the Stern class hails from non-US or dual citizenship backgrounds, international business is an extremely relevant topic of study.

International business courses include:

• Global Perspectives on Enterprise Systems
• Emerging Financial Markets
• Global Banking and Capital Markets
• Globalization of the Entertainment Industry
• Growth in the Developing World and the Global Economy
• International Accounting and Financial Statement Analysis
• International Finance – International Investments Analysis
• International Financial Management
• International Macroeconomic Policy: Lessons from the BRICs
• International Social Impact Strategies
• Monetary Policy, Banks, and Central Banks
• Multinational Business Management
• The Future of the Global Economy
• Topics in International Finance
• Advanced Global Perspectives on Enterprise Systems
• Communication for the Global Economy

You can view the complete list of NYU Stern courses here.

Between semesters, students may study abroad by participating in the Doing Business in…(DBi) Program (with programs in Argentina, Australia, Brazil, China, Costa Rica, Hungary, India, Italy, Israel, Istanbul, Singapore, and Spain – see specific course details here). There are also semester abroad programs, global courses (that include trips overseas, like to Cannes for The Craft & Commerce of Cinema course, and to India for the winter break International Social Impact Strategies course), and International Club Treks. (More details on these global programs and others can be found here.)

There are also dual degree offerings including an MBA/MA in French Studies, an MBA/MA in Politics, and a Dual MBA with HEC School of Management in France.

Global Business Research Centers at NYU Stern

• Urbanization Project
• Center for Global Economy and Business
• Center for Real Estate Finance Research
• Glucksman Institute for Research in Securities Markets
• The Volatility Institute

NYU Stern Global Business Clubs

• Emerging Markets Association
• Social Enterprise Association
• Asian Business Society
• Stern in Africa
• South Asian Business Association at Stern
• Latin American Business Association
• Japan Business Association
• European Business Society

International Business Hiring Stats at NYU Stern

See full-time hiring stats here and internship stats here.

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