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33-582: Stern is a founding member of the Association to Advance Collegiate Schools of Business . 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 in Business at the undergraduate level and Master of Business Administration degrees at the postgraduate level. The school

66-430: A Guinness World Record holder, Vanessa O'Brien , the first woman to reach Earth's highest and lowest points. 40°43′47″N 73°59′45″W  /  40.729584°N 73.995935°W  / 40.729584; -73.995935 Association to Advance Collegiate Schools of Business The Association to Advance Collegiate Schools of Business ( AACSB ) is an American professional and accreditation organization. It

99-648: 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. Stern offers three undergraduate degree programs: a Bachelor of Science in Business, in Business and Political Economy (BPE), or in Business, Technology, and Entrepreneurship (BTE). Applicants are required to apply directly to each program, and all programs are extremely selective. Stern's overall acceptance rate for

132-720: A more international approach to business education. The first school it accredited outside the United States was the Alberta School of Business at the University of Alberta in 1968, the first outside North America was the French business school ESSEC , in 1997, and the first business school outside North America and Europe was the KFUPM Business School KFUPM Business School , in 2000. The present name of

165-550: A pool of Stern applicants separate from those applying to the New York University’s other colleges, such as the College of Arts and Sciences (CAS), Tisch School of Arts , and Tandon School of Engineering . At the time of applying, prospective students must also indicate their program of choice: BTE, BPE, or BS in Business. Their applications are then sorted and uniquely evaluated based on the chosen program. Those applying for

198-579: A spectrum of academic programs at the graduate and undergraduate levels. The school is located on West 4th Street, occupying Shimkin and Tisch Halls and the Kaufman Management Center, on NYU's Washington Square campus. Students who attend the Stern School of Business are often called "Sternies". Stern offers a study abroad program, IBEX (International Business Exchange Program). This program lasts one semester at many business schools around

231-575: A year or two. In 1948, he received a B.A. in economics from New York University , followed by an M.S. in finance from Columbia University in 1949, and a Ph.D. in banking and finance from New York University Graduate School of Business Administration in 1958. Kaufman worked in commercial banking and served as an economist at the Federal Reserve Bank of New York . After the Federal Reserve, he spent 26 years with Salomon Brothers , where he

264-647: Is a collaboration with the Hong Kong University of Science and Technology . In 2000, Stern, in partnership with London School of Economics and Political Science (LSE), and HEC School of Management (HEC Paris) launched the TRIUM Global Executive MBA Program . The program combines the complementary strengths of three premier universities and five international learning locations to ensure global depth and focus. Stern also offers dual degree tracks, including MD/MBA program for those enrolled at

297-660: Is also highly selective, with a transfer acceptance rate of 2% in 2019. In 2020, the finance and international business programs were both ranked #2 nationally by U.S. News & World Report . Additionally, Stern undergraduate students from the Class of 2020 reported an average starting salary of $ 90,915. Stern offers the Master of Business Administration (MBA) for full-time students and executive programs for working professionals. It also offers Master of Science (MS) degrees; two are collaborations with New York University Shanghai and one

330-620: Is located on Gould Plaza next to the Courant Institute of Mathematical Sciences and the economics department of the College of Arts and Sciences . Stern's alumni include former chair of the Federal Reserve of the United States, Alan Greenspan ; former CEO and current chairman of Nasdaq , Robert Greifeld ; Iceland's "first billionaire ", Thor Bjorgolfsson ; former CEO and chairman of MetLife , John J. Creedon ; former CEO of Viacom , Thomas E. Dooley ; former CFO of Pfizer , Alan Levin ; president of DC Comics , Paul Levitz ; and

363-771: Is president of Henry Kaufman & Company, Inc., a firm established in April 1988, specializing in economic and financial consulting, and is known by the nickname " Dr . Doom ." Kaufman was born on October 20, 1927, in Gedern , Germany. He was the son of a kosher butcher in a small village in Germany. In 1937, the then-9-year-old Kaufman fled Wenings, Germany and the Nazis with his family. He attended high school in Washington Heights , where Henry Kissinger and Alan Greenspan preceded him by

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396-594: Is scheduled to welcome its inaugural class in January 2025. Prospective Stern undergraduate candidates apply in their senior year of high school either through the Early Decision I (EDI), Early Decision II (EDII), or Regular Decision (RD) process. Unlike many other undergraduate business programs where students transfer in after their first or second year, Stern applicants apply specifically for Stern during their senior year of high school. These candidates are then grouped with

429-654: The Graduate Record Examinations (GRE) from MBA candidates applying beginning in 2010. Applicants were to have the option to submit either GMAT or GRE scores with their application. Stern's alumni include former Chair of the Federal Reserve of the United States, Alan Greenspan ; former CEO and current Chairman of Nasdaq , Robert Greifeld ; Iceland's "first billionaire ", Thor Bjorgolfsson ; 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 , Paul Levitz ; and

462-740: The Grossman School of Medicine , JD/MBA program for those enrolled at the NYU School of Law , MBA/MS program in collaboration with the Courant Institute of Mathematical Sciences , and MBA/MFA program for those enrolled in the Graduate Film Program at the Tisch School of the Arts . In 2023, Stern announced its partnership with NYU Abu Dhabi to launch a one-year full-time MBA Program in the UAE. Stern at NYUAD

495-446: The BTE and BPE programs can opt for BS in Business program as a secondary choice should their initial applications be rejected. Admissions decisions are made on a holistic basis that considers academic record, standardized test scores, accomplishments outside of the classroom, recommendations, essays, and diversity. In 2023, the median combined verbal and math SAT score of incoming freshmen at

528-472: The International Association for Management Education. The American Assembly of Collegiate Schools of Business was founded as an accrediting body in 1916 by a group of seventeen American universities and colleges. The first accreditations took place in 1919. For many years, the association accredited only American business schools, but in the latter part of the twentieth century adopted

561-551: The association was adopted in 2001. The present name of the association was adopted in 2001. In January 2015, the Council for Higher Education Accreditation deferred recognition of the association pending satisfaction of its policy requirements, and in July its Committee on Recognition recommended that recognition be denied on the basis that the AACSB had consistently failed to document that it

594-615: The class of 2027 was less than 5%. In 2023, the Business, Technology, and Entrepreneurship (BTE) program received over 5,000 applications for its 50 available spots, resulting in an acceptance rate of less than 2%. Current BS in Business students also have the option to apply to two dual-degree programs: a BS/MS in Accounting or a BS in Business/BFA in Film and Television from the Tisch School of Arts . Transfer admission to Stern's undergraduate program

627-490: The founding financier of The Home Depot , Kenneth Langone . Current and former CEOs of Fortune 500 companies including American Express , Berggruen Institute , Griffon Corporation , Wynn Resorts , the New York Stock Exchange , Lehman Brothers , Lord Abbett , Barnes & Noble , W. R. Berkley Corporation , McKinsey & Company , Chase Manhattan Bank , and CBS are also Stern alumni. The Stern School

660-435: The founding financier of The Home Depot , Kenneth Langone . Current and former CEOs of Fortune 500 companies including American Express , Berggruen Institute , Griffon Corporation , Wynn Resorts , the New York Stock Exchange , Lehman Brothers , Lord Abbett , Barnes & Noble , W. R. Berkley Corporation , McKinsey & Company , Chase Manhattan Bank , and CBS are also Stern alumni. Stern's alumni also includes

693-561: The investment committee, Norton Museum of Art , member (and chairman emeritus), board of overseers, Stern School of Business, New York University , member of the board of governors, Tel-Aviv University , member of the international advisory committee, Federal Reserve Bank of New York, Fellow, American Academy of Arts & Sciences , former treasurer, The Economic Club of New York , honorary trustee (and former president), The Animal Medical Center, life trustee, New York University, life trustee, The Jewish Museum. New York's Kaufman Music Center

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726-690: The morning of August 17, 1982, he accurately predicted the market had bottomed out which led to a huge rally that day in both stocks and bonds that was to be the beginning of the longest bull market in history. In 1987, Kaufman was awarded the first George S. Eccles Prize for excellence in economic writing from the Columbia Business School for his book, Interest Rates, the Markets, and the New Financial World . In June 2000, he published On Money and Markets, A Wall Street Memoir . Another book

759-409: The undergraduate level of Stern was 1550 and 95% ranked within the top 10% of their high school's graduating class. 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 would join the programs accepting

792-548: The world. Stern currently has multiple partner schools for this program in Singapore , Australia, China, Denmark, England, France, Hong Kong SAR , Italy, South Korea, Mexico, The Netherlands, Spain and Thailand. 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

825-584: Was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to business schools. AACSB is considered as one of the triple accreditation . Not all members of the association are accredited; the association also does not accredit for-profit schools. In 2019, the association received ISO 9001 certification. The association was once known as the American Association of Collegiate Schools of Business and as

858-511: 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% of the total enrollment. The Graduate School of Business Administration

891-867: 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 over 10,000 with graduates hailing from 36 countries and 48 states. In the 1960s, international business courses were introduced. The New York University, Graduate School of Business Administration, C.J. Devine Institute of Finance (1959–1966) published Finance and Investment bulletins related to International finance. The school awarded its first Doctor of Commercial Sciences degree in 1970. The School of Commerce, Accounts and Finance

924-524: Was managing director, member of the executive committee, and in charge of the firm's four research departments. He was also a vice chairman of the parent company, Salomon Inc. He also served as a director of Lehman Brothers Holdings Inc. and as chairman of the Lehman board's finance and risk committee. In the 1970s, Kaufman earned the sobriquet "Dr. Doom" when he was the chief economist at Salomon Brothers due to his frequent criticisms of government policies. On

957-545: Was published in August 2009, The Road to Financial Reformation . Tectonic Shifts in Financial Markets: People, Policies, and Institutions was published in 2017. Besides his business activities, Kaufman is active in a number of public organizations in the following capacities: member of the board of trustees (and chairman emeritus), Institute of International Education , member of the board of trustees and member of

990-438: 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 an expansion and upgrading of Stern's facilities. Investment banker and Home Depot investor Kenneth Langone (MBA 1960) donated $ 10 million to Stern in 1999. The Langone MBA for Working Professionals

1023-985: Was renamed in his honor. Celebrating its 100th birthday in the year 2000, Stern launched a $ 100 million centennial campaign. Peter Blair Henry became dean of the school in January 2010. In 2010, the 84,500-square-foot (7,850 m) 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 . As of October 2022, 2,865 students were enrolled in Stern's undergraduate program and 2,735 were enrolled in its Master of Business Administration (MBA) program. There are 455 faculty, which includes tenured, tenure-track, clinical, visiting and adjunct faculty. Stern offers

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1056-539: Was renamed the College of Business and Public Administration in 1972. In the same year, Tisch Hall, designed by Philip Johnson and Richard Foster in a similar style as Bobst Library and Meyer Hall, opened at 40 West Fourth Street to house the undergraduate college. In 1988, a $ 30 million gift from the school's alumnus Leonard N. Stern (BS 1957; MBA 1959) allowed the school to consolidate its graduate and undergraduate facilities at NYU's Washington Square campus. The school

1089-529: Was routinely providing "reliable information to the public on their performance, including student achievement" as CHEA requires. In September 2016, the association withdrew from the council. In 2019, it received ISO 9001 certification. Since June 2023, the organization's president and chief executive officer has been Lily Bi, who was previously an executive at the Institute of Internal Auditors . Henry Kaufman Henry Kaufman (born October 20, 1927)

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