Most MBA programs, full-time or executive, offer some form of study-abroad opportunity. Few if any make it a requirement. That’s one way in which the NYU Stern School of Business’ EMBA differs from its peer programs: students in the 22-month program must join a Global Study Tour, a week-long expedition to learn business practices in a foreign land.
“In their first year, all students go on a required Global Study Tour for a week overseas with their cohort, and really get to learn business in another country — a really exciting opportunity to engage with executives overseas,” says Paula Steisel Goldfarb, NYU Stern associate dean, MBA admissions, financial aid, and academic affairs. Goldfarb oversees admissions for Stern’s NYC-based EMBA program as well as its EMBA in Washington, D.C., that will welcome its first cohort in August 2018. “They have an opportunity to meet alumni and really learn what it means to do business in that particular region of the world,” Goldfarb adds, noting that a group of EMBA students recently returned from Vietnam, while others have gone to Korea, Argentina, Brazil, Chile, India, Russia, the UAE, and elsewhere.
“And for students who really want to do it again, there’s an optional class in their second year where they can participate in another Global Study Tour in another part of the world if they choose.”
MANY OPPORTUNITIES TO SPECIALIZE
Promising a “transformative business education,” the 60-credit NYU Stern EMBA program also promotes its fealty to “work-life balance” with classes every other Friday and Saturday and only two courses at a time. The program is “delivered in a format that is really advantageous to an executive audience — for example students in their first year take the core curriculum and in their second year they get to enroll in a number of different electives and specialize as well,” Goldfarb says. In addition to the Global Study Tour (or Tours), Stern’s EMBA features a domestic residency in Westchester, New York, and a broad choice of electives — 46 in all that are specific to the program — to go with its general management curriculum. (EMBA students also have access to electives through the NYU Stern Langone Program). The New York City-based EMBA offers 21 concentrations, everything from Accounting to Entrepreneurship to Supply Chain Management, allowing students to specialize in up to three; the D.C. program, which costs about $20,000 less at $165,000 and meets for three days once per month, will offer two specialty tracks, Finance & Analytics and Leadership & Strategy.
The 237 students currently enrolled in the NYU EMBA skew nearly two-thirds male (65.8%, according to U.S. News & World Report) and boast an average of 14 years’ work experience; applicants must have a minimum of six years’ experience and time sponsorship from their employer. Raghu Sundaram, Stern’s vice dean for MBA programs, told Poets&Quants last fall that Stern wanted the approximately 40 students who will start in D.C. this summer to have a similar profile to the main program: average age of 38, with 10-12 years’ management experience and about five years’ senior management experience.
Stern’s EMBA is ranked fourth in the United States by U.S. News, tied with Duke University’s Fuqua School of Business. It has an acceptance rate of 73.1%.
NYU STERN’S ‘HALLMARK’: GLOBAL EXPERIENCE
NYU Stern’s admissions committee evaluates EMBA candidates “holistically,” based on a 45-minute interview, essays, recommendations, academic performance, and “leadership” qualities. Those who get in, Goldfarb says, enjoy the benefits of one of the oldest EMBA programs in the country — and the “powerful” global alumni network of 100,000 Stern graduates that goes with it.
“NYU has one of the longest executive MBA legacies, started in the 1980s,” Goldfarb notes, adding that students’ option to specialize in up to three concentrations — or not specialize at all — signals the school’s dedication to be cutting-edge and offer more flexibility than what’s found in just about any peer program. “It’s really up to them in terms of how they want to custom-build their program.”
But as in its full- and part-time MBA programs, NYU Stern’s “hallmark,” Goldfarb says, is “the extensive array of opportunities to study overseas and get that global experience. What we’re trying to provide the students at Stern is a global business education,” she says. “And the Global Study Tour is really an amazing differentiator for us in terms of really getting that immersive experience with senior executives, and the opportunity to engage overseas with senior executives who have deep knowledge of doing business in that particular part of the world.”