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, or ...

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, t ...

, a

private Private or privates may refer to: Music * "In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded ...

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 List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. 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 department of the

College of Arts and Sciences A College of Arts and Sciences or School of Arts and Sciences is most commonly an individual institution or a unit within a university that focuses on instruction of the liberal arts and pure sciences, although they frequently include programs and ...

. 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 ...

Business Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not sepa ...

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-lev ...

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 accounti ...

degrees at the postgraduate level. Consistently ranked among the best business schools, Stern was ranked 1st among US schools for careers in

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of ...

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 t ...

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 The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The chair shall preside at the meetings of the Bo ...

of the United States,

Alan Greenspan Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. ...

; 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",

Thor Bjorgolfsson Thor (; from non, Þórr ) is a prominent god in Germanic paganism. In Norse mythology, he is a hammer-wielding god associated with lightning, thunder, storms, sacred groves and trees, strength, the protection of humankind, hallowing, and f ...

; former CEO and Chairman of MetLife, John J. Creedon; former CEO of Viacom, Thomas E. Dooley; CFO of Pfizer, 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 ...

Paul Levitz Paul Levitz (; born October 21, 1956) is an American comic book writer, editor and executive. The president of DC Comics from 2002–2009, he worked for the company for over 35 years in a wide variety of roles. Along with publisher Jenette Ka ...

; 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 re ...

Kenneth Langone Kenneth Gerard Langone Sr. KSG (born September 16, 1935) is an American billionaire businessman, investor, and philanthropist, best known for organizing financing for the founders of The Home Depot. He has been a major donor to the Republican P ...

. 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,

Berggruen Institute The Berggruen Institute is a Los Angeles-based think tank founded by Nicolas Berggruen. History In 2010, Nicolas Berggruen and Nathan Gardels sat down with a group of academics, business leaders, and political veterans in California to discus ...

, Griffon Corporation,

Wynn Resorts Wynn or wyn (; also spelled wen, ƿynn, and ƿen) is a letter of the Old English alphabet, where it is used to represent the sound . History The letter "W" While the earliest Old English texts represent this phoneme with the digraph , ...

, 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,

Lord Abbett Lord, Abbett & Co. LLC is an independent, privately-held investment management company headquartered in Jersey City, New Jersey. The firm offers a variety of fixed−income and equity strategies to individual and institutional investors. Lord ...

Barnes & Noble Barnes & Noble Booksellers is an American bookseller. It is a Fortune 1000 company and the bookseller with the largest number of retail outlets in the United States. As of July 7, 2020, the company operates 614 retail stores across all 50 ...

, 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 The New York University Tandon School of Engineering (commonly referred to as Tandon) is the engineering and applied sciences school of New York University. Tandon is the second oldest private engineering and technology school in the United Sta ...

) 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

(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 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 Purchase is a hamlet in the town and village of Harrison, in Westchester County, New York, United States. One myth explains that its name is derived from Harrison's purchase, where John Harrison was to be granted as much land as he could ride ...

, at

SUNY Purchase The State University of New York at Purchase (commonly Purchase College or SUNY Purchase) is a public liberal arts college in Purchase, New York. It is one of 13 comprehensive colleges in the State University of New York (SUNY) system. It was fo ...

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 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of ...

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, bo ...

, Australia,

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...

Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Danish Realm, Kingdom of Denmark ...

, England, France,

Hong Kong SAR Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta ...

, Italy,

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eas ...

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 Gua ...

, The Netherlands,

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = '' Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , ...

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, 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 t ...

(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 The Hong Kong University of Science and Technology (HKUST) is a public university, public research university in Clear Water Bay Peninsula, New Territories, Hong Kong. Founded in 1991 by the British Hong Kong Government, it was the territory's ...

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 The Graduate Record Examinations (GRE) is a standardized test that is an admissions requirement for many graduate schools in the United States and Canada and a few other countries. The GRE is owned and administered by Educational Testing Servi ...

(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