The New York University Leonard N. Stern School of Business (commonly referred to as NYU Stern, The Stern School of Business, or simply Stern) is the

business school A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, o ...

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin. In 1832, ...

, a private

research university A research university or a research-intensive university is a university that is committed to research as a central part of its mission. They are the most important sites at which knowledge production occurs, along with "intergenerational kno ...

based in

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...

. It was founded in 1900. It is located on

Gould Plaza Jeffrey S. Gould Plaza (commonly referred to as Gould Plaza) is an outdoor campus plaza located on West 4th Street that is the home of several New York University (NYU) schools. It was named after NYU trustee Jeffrey S. Gould, and is also the nam ...

next to the Courant Institute of Mathematical Sciences and the

economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analy ...

department of the College of Arts and Sciences. Stern is a founding member of the

Association to Advance Collegiate Schools of Business The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to ...

. Established as the School of Commerce, Accounts and Finance, the school changed its name in 1988 in honor of Leonard N. Stern, an alumnus and benefactor of the school. The school offers

Bachelor of Science A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University o ...

in Business at the

undergraduate Undergraduate education is education conducted after secondary education and before postgraduate education. It typically includes all postsecondary programs up to the level of a bachelor's degree. For example, in the United States, an entry-le ...

level and

Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accou ...

degrees at the

postgraduate Postgraduate or graduate education refers to academic or professional degrees, certificates, diplomas, or other qualifications pursued by post-secondary students who have earned an undergraduate ( bachelor's) degree. The organization and str ...

level. Consistently ranked among the best business schools, Stern was ranked 1st among US schools for careers in finance on

Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for ...

in 2018, accounting for 3.9% of hires among major investment banks. The school was also ranked 1st in the world for finance for all years between 2017-2021 based on the

Academic Ranking of World Universities The ''Academic Ranking of World Universities'' (''ARWU''), also known as the Shanghai Ranking, is one of the annual publications of world university rankings. The league table was originally compiled and issued by Shanghai Jiao Tong Universi ...

(ARWU). Stern's alumni include former Chair of the Federal Reserve of the United States, Alan Greenspan; former CEO and current Chairman of

Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

, Robert Greifeld; Iceland's "first

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The ...

", Thor Bjorgolfsson; former CEO and Chairman of MetLife,

John J. Creedon John Joseph Creedon (August 1, 1924 – October 11, 2020) was an American businessman who served as the President and Chief Executive Officer of Metropolitan Life Insurance Company. Early life Creedon was the son of Bartholomew and Emma Glynn C ...

; former CEO of Viacom, Thomas E. Dooley; CFO of

Pfizer Pfizer Inc. ( ) is an American multinational pharmaceutical and biotechnology corporation headquartered on 42nd Street in Manhattan, New York City. The company was established in 1849 in New York by two German entrepreneurs, Charles Pfize ...

, Alan Levin; President of

DC Comics DC Comics, Inc. (doing business as DC) is an American comic book publisher and the flagship unit of DC Entertainment, a subsidiary of Warner Bros. Discovery. DC Comics is one of the largest and oldest American comic book companies, with their f ...

, Paul Levitz; and the founding financier of

The Home Depot The Home Depot, Inc., is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportation rentals. Home Depot is the largest home improvement r ...

, Kenneth Langone. Current and former CEOs of

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by '' Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...

companies including

American Express American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was found ...

, Berggruen Institute, Griffon Corporation, Wynn Resorts, the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...

Lehman Brothers Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, a ...

, Lord Abbett, Barnes & Noble, W. R. Berkley Corporation,

McKinsey & Company McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

, Chase Manhattan Bank, and CBS are also Stern alumni.

History

The Stern School was founded by Charles Waldo Haskins (an alumnus of New York University Tandon School of Engineering) in 1900 as the Undergraduate School of Commerce, Accounts and Finance on the University's Washington Square campus. In 1913, Jeanette Hamill, J.D., M.A., joined the school's Economics department, becoming its first female faculty member. In 1936, women comprised 15 percent of the total enrollment.

Graduate School of Business Administration

The Graduate School of Business Administration'' was launched in 1916, and was housed in the NYU's School of Commerce's Wall Street branch. Located in New York's downtown business district, the school's "Wall Street Division" served both full-time and currently employed students. The graduate school's first dean was appointed in 1921. By 1945, the school's enrollment was well over 10,000 with graduates hailing from 36 countries and 48 states. In the 1960s, international business courses were introduced and soon became an important focus of the school's curriculum. The New York University, Graduate School of Business Administration, C.J. Devine Institute of Finance (1959–1966) published many key Finance and Investment bulletins related to International finance. The school awarded its first Doctor of Commercial Sciences degree in 1970.

Commerce/College of Business and Public Administration

The School of Commerce, Accounts and Finance was renamed the College of Business and Public Administration in 1972. In the same year, Tisch Hall, designed by

Philip Johnson Philip Cortelyou Johnson (July 8, 1906 – January 25, 2005) was an American architect best known for his works of modern and postmodern architecture. Among his best-known designs are his modernist Glass House in New Canaan, Connecticut; the p ...

and Richard Foster (see also: Bobst Library and Meyer Building) opened at 40 West Fourth Street to house the undergraduate college.

Stern's donation

In 1988, a $30 million gift from the school's alumnus Leonard N. Stern (B.S., 1957; M.B.A., 1959) allowed the school to consolidate its graduate and undergraduate facilities at NYU's Washington Square campus. The school was renamed Leonard N. Stern School of Business. In 1992, Stern's new $68 million state-of-the-art facility, now known as Kaufman Management Center, was inaugurated. In 1998, a $10 million gift from Henry Kaufman (PhD 1958) supported a major expansion and upgrading of Stern's facilities. The new and renovated space is used almost exclusively to improve the quality of student life. Prominent investment banker and Home Depot investor Kenneth Langone (MBA 1960) donated $10 million to Stern in 1999. The Langone MBA for Working Professionals was renamed in his honor. Celebrating its 100th birthday in the year 2000, Stern launched a $100 million centennial campaign, the school's most ambitious fundraising effort to date. The campaign doubled the school's endowment, the number of named professorships, and the level of student financial aid.

Peter Blair Henry Peter Blair Henry, an economist, was the ninth Dean of New York University's Leonard N. Stern School of Business, and William R. Berkley Professor of Economics and Business, and author of TURNAROUND: Third World Lessons for First World Growth' (B ...

became dean of the school in January 2010. In 2010, the renovation of the three Stern School of Business buildings, known as the Stern Concourse Project, was completed. This project was fully funded by donors, alumni and corporate partners. NYU Stern Westchester offers its Langone MBA for Working Professionals in Purchase, New York, at SUNY Purchase.

Academics

As of 2009, 2,305 students were enrolled in Stern's undergraduate program and 2,969 were enrolled in its

(MBA) program. There are 202 full-time faculty and 74 adjunct professors. Stern offers a broad spectrum of academic programs at the graduate and

levels. In 2022, there were a total of 417 full-time, part-time, adjunct, clinical, and visiting faculty members teaching across all NYU Stern programs. The school is located on West 4th Street, occupying Shimkin and Tisch Halls and the Kaufman Management Center, on NYU's Washington Square campus. Stern offers academic majors in

Marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to empha ...

, Finance,

Information Systems An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information. From a sociotechnical perspective, information systems are composed by four components: task, people ...

, Actuarial Science, Economic Policy, Economic Theory, Entertainment Media & Technology, Accounting (CPA and General) and others, as well as co-majors in International Business, Financial Systems, Sustainable Business, and a certificate program in Entertainment, Media and Technology. Stern also offers an Executive MBA program for experienced professionals and executives, a 22-month-long degree program which includes two global study tours as a part of the curriculum. The average age of executive MBA degree candidates is 27, and 45% of the students have at least one advanced degree in other areas. Students who attend the Stern School of Business are often called "Sternies." In the spring break of the undergraduate junior year, all "Sternies" are invited to travel abroad as part of a core curriculum class, "International Study Program," which engages students to visit a non-U.S. company. Stern also offers its own study abroad program IBEX (International Business Exchange Program). This program lasts one semester at many business schools around the world. Stern currently has multiple partner schools for this program in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

, Australia, China,

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England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe ...

France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territories in the Americas and the Atlantic, Pacific and Indian Oceans. Its metropolitan ar ...

, Hong Kong SAR,

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

Mexico Mexico ( Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guate ...

The Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Nether ...

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and

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...

Student life

Student investment organizations

In 2005, Stern launched the Student Social Venture Fund, the first student-run venture philanthropy fund of its kind at a U.S. business school. In 2012, Professor James B. Rosenwald and his wife, Laura made a contribution to Stern for the Rosenwald Global Value Student Investment Fund. Every year, a tenth of the fund will be invested in one or more stocks based on recommendations made by the students in his Global Value Investing class.

Secret societies

Founded in 1914, The Knights of the Lamp is the only secret society within the school, and only takes seniors from the Stern School of Business. It, along with the NYU College of Arts and Science's

Red Dragon Society The Red Dragon Society is a secret society based at New York University, in New York City, New York, New York (state), New York. The Red Dragon has long held the title to the most selective society at NYU, and has been known for its secrecy since i ...

, are known for their selectivity and prestige among campus organizations.

Rankings

* #3 Finance Program in the U.S. by ''U.S. News & World Report'' (2023) * #5-equal Best Undergraduate Business Program in the U.S. by ''U.S. News & World Report'' (2023) * #12-equal in the U.S. by ''U.S. News & World Report'' (2023) * #11-equal in the U.S. by ''Bloomberg Businessweek'' (2023) * #6 for Compensation by ''Bloomberg Businessweek'' (2023) * #1 for Finance in the U.S. by ''The Princeton Review'' (2022) * #3 for Best Career Prospects in the U.S. by ''The Princeton Review'' (2022) * #5 Best Business School in the U.S. by ''The Princeton Review'' (2022) * #6 in the U.S. and worldwide for Post-MBA Salary by ''The Economist'' (2022) * #9 in the U.S. and #14 worldwide by ''Financial Times'' (2022) * #10 in the U.S. and #14 worldwide by ''CEOWORLD Magazine'' (2022) * #10 in the U.S. and #19 worldwide by ''QS Global MBA Rankings'' (2022) * #7 in the U.S. by ''Fortune Magazine'' (2021) * #7 for Top-Tier Jobs by ''QS Top MBA'' (2021)

Undergraduate programs

Undergraduate students from Stern, either graduate with a Bachelor of Science in Business, in Business and Political Economy (BPE) or in Business, Technology and Entrepreneurship (BTE). The programs are all extremely selective. In 2021, the acceptance rate for the class of 2025 was 5.6%. In 2020, the Finance and International Business programs were both ranked #2 nationally by '' U.S. News & World Report''. Transfer admission to Stern's undergraduate program is also highly selective, with a transfer acceptance rate of 2% in 2019.

Graduate programs

Stern offers the

(MBA) for full-time students and executive programs for working professionals. It also offers

Master of Science A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast ...

(MS) degrees; one is intended to prepare students to become

Certified Public Accountant Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United Sta ...

s, two are collaborations with New York University Shanghai, and one is a collaboration with the Hong Kong University of Science and Technology.

Admissions

Admissions decisions are handled by the school's parent institution,

, and are made on a holistic basis that considers academic record, standardized test scores, accomplishments outside of the classroom, recommendations, essays, and diversity. In 2021, the median combined verbal and math SAT score of incoming freshmen at the undergraduate level of Stern was 1550 and 77% ranked within the top 10% of their high school's graduating class. In 2021, the undergraduate acceptance rate dropped to 5.6%. The MBA program's admission rate is one of the lowest in the country at 15.7%. The admitted (full-time) MBA students' average Graduate Management Admission Test (GMAT) score was 720 with an undergraduate average GPA of 3.51. The Stern School announced it will join the growing list of programs now accepting the Graduate Record Examinations (GRE) from MBA candidates applying beginning in 2010. Applicants will have the option to submit either GMAT or GRE scores with their application.

Alumni and faculty

Stern's alumni include former Chair of the Federal Reserve of the United States, Alan Greenspan; former CEO and current Chairman of