ONE-YEAR OPTIONS POSSIBLE IN ENTERTAINMENT & MEDIA AND REAL ESTATE
Job prospects are running slightly above expectations, says J.P. Eggers, vice dean for MBA programs. “The biggest learning so far is on the tech sid in how interested the students are in small tech firms and being employee number five,” he says. “It’s clear that this is a different population of MBAs and they are willing to take more risks.”
The quality of the first two classes makes clear that the two focused programs are already among the very best one-year MBA options in the U.S., joining Kellogg, Emory, Notre Dame, USC and a hand full of other business schools with one-year MBA experiences. The admit rate for this year’s entering class in the fashion and luxury MBA was just 23%, while the admit rate for the tech MBA was 36%. Roughly 36% of the entering fashion class submitted GRE scores, while 22% of the tech students got in with GRE scores.
Given the success of Stern’s launch, Sundaram says he may consider adding other one-year options in the future. “It’s definitely not off the table,” he says, citing entertainment and media as well as real estate as possibilities in another year or two. “Entertainment and media is one area where we have perhaps the most comprehensive media and entertainment program of any business school,” he maintains.
“Last year, 4,400 students —3,000 undergraduates and 1,400 graduate students—took courses in this field. We can draw on the remarkable strengths of New York. The most popular minor at the university is the business of media and entertainment and technology. At this stage, we are not thinking about expanding any further, but we want to look at this a year or two down the road.”
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