The program structure consists of four components: a business core; a technology or fashion and luxury core; real-world experiential learning projects with organizations in the respective specialty areas; and electives.
Given Stern's proximity to multinational brands, start-ups and nonprofits, the School has offered experiential learning projects to its MBA students for more than 15 years. The Stern approach matches students with faculty to help an organization solve a real business challenge in real time. Stern MBAs have engaged with companies ranging from Diane Von Furstenberg to MasterCard to HBO and more, with student participation in projects growing by more than 130 percent in the past two years alone. With the establishment of the new focused MBAs that will incorporate real-world business projects as an essential element of the curriculum, Stern is elevating its commitment to experiential learning and branding it Stern Solutions.
"Because we sit in the heart of the business ecosystem that is New York City, with global headquarters and new economy upstarts just outside our doors, we are in constant conversation with industry about developing future talent," said Peter Henry, dean of NYU Stern. "This dialogue drives continuous innovation at Stern, such as establishing the first FinTech MBA specialization at a business school last year to creating new specialized MBA programs now, so we stay as relevant to the new economy as we are to Wall Street."
Stern developed these programs through extensive conversations and in conjunction with industry advisors, including business leaders from Amazon, BuzzFeed, Citigroup and General Catalyst, to cite a few organizations. Many officially joined the newly formed Advisory Boards (see below for the complete list), and all will partner on future Stern Solutions projects. The inaugural classes for the Tech MBA and Fashion & Luxury MBA will enroll at Stern in May 2018. Students will take 51 credits over 12 months and earn an MBA degree from Stern in one year.
"Stern's Tech MBA and Fashion & Luxury MBA are intentionally designed for a specific type of MBA candidate, one with a definitive career focus and a passion for these fields," said Raghu Sundaram, Vice Dean for MBA Programs and Online Learning. "These new MBAs provide broad exposure to core business areas with a depth of focus on the specialty area through an efficient schedule, reducing the opportunity cost with a more affordable MBA option."
The Tech MBA is designed for business candidates with strong technology backgrounds. The program will prepare students to advance their careers in Product Management, FinTech and Tech Entrepreneurship across various industries. The program's tech core was designed in partnership with NYU's Courant Institute of Mathematical Sciences; NYU Stern is itself home to one of the largest faculty of computer and data scientists among business schools and will bring all these strengths to bear in the Tech MBA.
Stern is the first US business school to offer a Fashion & Luxury MBA. Over the past several years, the fashion and luxury industries have increasingly acknowledged the competitive advantage of adding business-educated talent to their creative ranks especially in the face of technological disruption. This program is designed for students with a commitment to management roles throughout these sectors — accessories, apparel, beauty, jewelry, high-end automotive, fine wines and spirits, real estate, wearable tech and more. They will also have access to the Stern Fashion Lab, a new central hub being established for industry-related projects and networking for all Stern students.
Tech MBA Advisory Board
- Don Callahan, Head of Technology & Operations, Citigroup
- Jared Cohen, Founder and CEO, Jigsaw; Advisor to the Executive Chairman of Alphabet Inc.
- Greg Coleman, President, BuzzFeed
- Joel Cutler, Co-founder and Managing Director, General Catalyst
- Michelle Peluso, Chief Marketing Officer, IBM Corporation
- Maria Renz, Vice President Delivery Experience and Robotics, Amazon
- Dan Schulman, President and CEO, PayPal
- Umesh Subramanian, Co-head of the Technology Division, Goldman Sachs
- Jeff Teper, Corporate Vice President, Office, OneDrive & SharePoint at Microsoft
- David Tisch, Managing Partner/Founder, BoxGroup
- Simon Collins, Former Dean, School of Fashion, Parsons School of Design; Founder, Fashion Culture Design Unconference
- Ron Faris, GM, Nike NYC Digital Studio
- Joseph Ferrara, Co-founder, NYU Stern Fashion Lab; Co-founder and Co-CEO, Resonance Companies; CEO, Ferrara Manufacturing Company
- Lawrence Lenihan, Co-founder, NYU Stern Fashion Lab; Co-founder and Co-CEO, Resonance Companies; Founder, FirstMark Capital
- Alexis Maybank, Founder, Gilt Groupe
- Uri Minkoff, Co-founder and CEO, Rebecca Minkoff; Creative Director/CEO, Uri Minkoff
- Stephanie Winston Wolkoff, President and CEO of SWW Creative; Founding Fashion Director for Lincoln Center; Former Director of Special Events and Special Projects for Vogue Magazine; Co-creator and Executive Producer of the Style Awards