NYU Stern MFin Review

Introduction

The NYU Stern MS Finance is a specially designed program to prepare pre-experienced students with strong skills in mathematics, engineering, science and technology for the rapidly evolving field of finance. The university leverages key technical interests and capabilities of successful applicants into the modern financial architecture through which students will be able to effectively communicate complex financial analyses with tech-driven colleagues and would be able to adapt to new developments in finance.

The program is one-year full-time and students are required to complete 33 credits to graduate. The curriculum covers a wide range of topics such as financial statement analysis, financial modeling, valuation, risk management, investments, and derivatives. Students also have the opportunity to specialize in areas such as corporate finance, quantitative finance, or fintech.

NYU Stern MFin Class Profile

The NYU Stern Master of Finance (MFin) class profile highlights a diverse cohort for a rich learning environment. With Students coming from 9 different locations and representing 14 different citizenships, the program embraces a global perspective.

Gender diversity is evident, with females comprising 39% of the class, fostering an inclusive community. The average age of 37 reflects a mix of seasoned professionals and mid-career learners. Impressively, students bring an average of 13 years of valuable work experience, contributing to a dynamic and knowledge-rich atmosphere within the program.

Acceptance Rate

NYU Stern MS Finance program acceptance rate is 7% overall making it one of the highly selective schools in the USA. 

Program and Curriculum 

The MS Finance equips students with technical and quantitative skills that will help them to excel in the modern tech-driven world. The nyu stern ms finance program commences with a Summer term at NYU Stern in New York City followed by Fall and Spring terms. Leading faculty from both hubs helps students to delve into complex curriculum and attain knowledge of principal concepts and methodologies.

Core Courses

Students Clubs 

At NYU Stern, the Master of Finance (MFin) program not only focuses on academic excellence but also offers a vibrant extracurricular environment through a variety of student clubs. These clubs play a crucial role in fostering a sense of community, providing opportunities for networking, and enhancing the overall student experience.

• Entertainment, Media, and Sports Association (EMSA)
• Entrepreneurship and Startup Association (ESA)
• Fintech Association
• Gaming and Esports Management Society (GEMS)
• Graduate Marketing Association (GMA)Management Consulting Association (MCA)

Scholarship

Securing financial support for your education is an integral part of pursuing a Master of Finance (MFin) at NYU Stern, and the program offers various scholarships to assist students in their academic journey. These  MFin scholarships are designed to recognize outstanding achievements, diverse experiences, and the potential impact students bring to the finance field.

• Diversity Excellence Award
• Women in Finance Award
• High-Performance Achievers Award
• HKUST and NYU Alumni Award

Eligibility and Requirements 

Here are the eligibility and requirements for the nyu stern ms finance program:

Eligibility:

• A bachelor's degree from an accredited institution is required.
• Students with an undergraduate degree in business or economics are preferred, but applicants from other fields are also welcome.
• Work experience is not required, but some relevant experience in finance or related fields may strengthen an applicant's candidacy.

Requirements:

• Online application form, including essays and a resume/CV.
• Official transcripts from all undergraduate and graduate institutions attended.
• GMAT or GRE scores (GRE scores must be from within the last five years).
• TOEFL, IELTS, or PTE scores (if English is not your native language or you did not receive your undergraduate degree from an English-speaking institution).
• Two letters of recommendation.
• A non-refundable MFin cost for application is $175.
• An admissions interview may be required.
• Work experience of atleast 5 years is needed. 

The MS in Finance program at NYU Stern is highly competitive, and meeting the minimum requirements does not guarantee admission. Admissions decisions are based on a holistic evaluation of an applicant's academic and professional background, test scores, essays, letters of recommendation, and other factors. Strong academic performance, test scores, and relevant work experience can all improve an applicant's chances of admission.

NYU Stern MFin Deadlines

The application for Fall 2024 is follow :

If the students application is not complete (for example, missing self-reported test scores, essays or other items, illegible scanned transcript) thatwill be informed via your application status page. If you do not provide a completed application by the deadline, your notification may be delayed. 

Notifications are issued on an ongoing basis. This allows up to 8-10 weeks after the deadline for the Admissions Committee to send out notifications. In the majority of cases, notifications are issued earlier than 8-10 weeks. The Students should be aware that an enrollment deposit is typically due within 2 weeks of being admitted.

Notification possibilities are as follows:

• Offer of admission
• Interview invitation
• Waitlist offer
• Denial of admission
• All decisions made by the Admissions Committee are final.

Employment And Placement

The NYU Stern MS in Finance program has a strong track record of employment and placement. Graduates of the Nyu stern MS Finance career program have gone on to successful in a variety of MFin jobs, including investment banking, asset management, corporate finance, risk management, and financial consulting.

NYU Stern also has a robust career services program that provides students with a wide range of resources and support to help them achieve their career goals. These resources include career coaching, networking events, job search tools, and more. Also NYU Stern Global Finance program do not disclose it's salary, but average MFin Salary in USA is $119,115. 

Top Sectors Hiring

Graduates of the Nyu Stern Ms finance program have been hired by a wide range of employers across different industry sectors:

NYU Stern MFin Alumni Info

NYU Stern boasts of having a global network of over 110,000 alumni living across 138 countries. More than 17,000 NYU alumni reside in Asia, with 13 alumni clubs spread across the region.

Some Famous Alumni 

• Richard S. Fuld, Jr.
   
• Robert Greifeld
   
• Richard C. Perry
   
• Agnes Varis

Application Essay 

The NYU Stern MS Finance application comprises 3 long essays. Admission to the MS in Quantitative Finance is extremely competitive. Adcom takes care to select those who demonstrate strong intellectual ability, superior interpersonal skills, and a desire to create value for business and society.

Essay 1

Why do you wish to pursue this degree?
What do you see yourself doing professionally upon graduation?
(500 words)

Essay 2

Describe yourself to the Admissions Committee and your future classmates using six images and corresponding captions.

Essay 3

Please provide any additional information that you would like to bring to the attention of the Admissions Committee. This may include current or past gaps in employment, recommender choice (for working professionals without direct supervisor recommendation), further explanation of your undergraduate record or self-reported academic transcript(s), plans to retake the GMAT, GRE, IELTS or TOEFL, or any other relevant information. (200 words max)

Letter of Recommendation

The NYU Stern MS Finance program requires two letters of recommendation as part of the application process. Here are some tips on who to ask for letters of recommendation and how to make the request:

• Choose recommenders who know you well: Your recommenders should be individuals who can speak to your academic ability, professional skills, and personal qualities. Ideally, they should be people who know you well and can provide specific examples of your achievements and strengths.
• Consider different types of recommenders: Your recommenders can come from a variety of sources, including professors, supervisors, colleagues, and mentors. You should choose individuals who can speak to different aspects of your background and experience.
• Request in advance: Give your recommenders plenty of time to write their letters. You should request at least 4-6 weeks before the application deadline.
• Provide information and context: When making the request, provide your recommenders with information about the program and its requirements. You should also provide a copy of your resume or CV, transcripts, and any other relevant materials that will help them write a strong letter.
• Follow up: After making the request, follow up with your recommenders to make sure they have all the information they need and to remind them of the deadline. Be sure to thank them for their time and effort in writing the letter.

Remember that strong letters of recommendation can be a crucial part of your application to the NYU Stern MS in Finance program, so it's important to choose recommenders who can speak to your strengths and qualifications.

Interview Questions 

The NYU Stern MS in Finance program may require an interview as part of the admissions process. While the specific questions asked may vary, here are some common interview questions you may encounter:

1. Why do you want to pursue a Master's degree in Finance, and why do you want to attend NYU Stern in particular?
2. What are your short-term and long-term career goals, and how do you see the MS in Finance program helping you achieve those goals?
3. Tell me about a professional or academic experience that has prepared you for the MS in Finance program.
4. How have you demonstrated leadership or teamwork skills in your previous experiences?
5. What do you consider to be your strengths and weaknesses, and how do you plan to leverage your strengths and address your weaknesses in the program?
6. Can you describe a challenge you have faced and how you overcame it?
7. How do you stay current on financial news and developments in the industry?
8. What do you consider to be the biggest trend or challenge facing the financial industry today?
9. What do you hope to gain from your time in the MS in Finance program, both academically and personally?
10. Is there anything else you would like to share with us that you feel would be important for us to know?

Remember to prepare thoroughly for your interview by researching the program, reviewing your application materials, and practicing your responses to potential questions.

What Makes NYU STERN MFin Unique

Several factors make the NYU Stern MS Finance program unique & the finest of MFin Colleges in USA.

Location: NYU Stern is located in the heart of New York City, one of the world's leading financial centers. This provides students with access to a wide range of financial institutions, companies, and professional networks.

Specializations: The program offers a variety of specialized tracks to help students tailor their education to their career goals, including Corporate Finance, Financial Systems and Analytics, Quantitative Finance, and Sustainable Finance.

Expert Faculty: NYU Stern's faculty includes world-renowned scholars and practitioners in the field of finance, many of whom have extensive experience in the financial industry.

Experiential Learning: The program emphasizes hands-on learning experiences, including case studies, simulations, and consulting projects, to help students develop practical skills and real-world experience.

Career Support: NYU Stern has a dedicated Office of Career Development that provides students with individualized career coaching, access to job postings, and networking opportunities with alumni and industry professionals.

Diversity and Inclusion: NYU Stern is committed to creating a diverse and inclusive learning environment, with a wide range of student organizations, events, and initiatives focused on promoting diversity, equity, and inclusion.

Global Perspective: The program has a global focus, with opportunities to study abroad, participate in international consulting projects, and learn from a diverse student body representing over 30 countries.

Overall, the NYU Stern MS in Finance program offers a unique combination of academic rigor, practical skills, and professional development opportunities, all within the context of one of the world's leading financial centers.

Conclusion

The NYU Stern MS Finance program is a highly competitive and rigorous graduate program that provides students with a comprehensive education in finance. With its prime location in the heart of New York City, world-renowned faculty, and emphasis on experiential learning and career development, the program offers a unique opportunity for students to gain the skills and knowledge needed to succeed in the dynamic and rapidly evolving world of finance.