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NYU Stern Releases 2020 Employment Report

The Class of 2020 at New York University’s Stern School of Business graduated into a historically weak job market, but that didn’t stop 92 percent of them from receiving job offers within three months of finishing their degrees.

As Stern’s latest employment report shows, the school’s MBA class maintained strong employment outcomes even as economic currents shifted.

Of those seeking employment, 89 percent had accepted job offers within three months of graduation. Moreover, 83 percent had already received offers by the time they graduated, and 79 percent had accepted offers. 

To be sure, those numbers are a drop from recent years. 

Comparing the report with past data, Poets & Quants points out an unmistakable impact from COVID. The percent of Stern graduates receiving job offers within three months is down five points from last year, at its lowest level since 2015.

Broadly, though, Stern’s MBA Class of 2020 continued to do well on the job market. That much can be seen from the class’s compensation data, with median salary reaching a record high of $150,000 and the median signing bonus landing at $30,000. 

Stern’s report also highlights the school’s pivotal role in helping graduates secure job offers. A full 57 percent of full-time job offers arose from internships that students had gotten through school-facilitated events and activities.

Seventeen percent of job offers involved on-campus interviews while 6 percent came through Stern-organized job postings and resume referrals. A further 2 percent drew on the Stern network.

The seventeen percent of job offers that developed without any school involvement involved sources such as personal connections, online job postings, and internships not facilitated by Stern.

Stern’s role in creating career opportunities for its students is even more evident in its Class of 2021 internship data, also included in the employment report. 

Of 361 total MBA students in the Class of 2021, 318 were seeking summer internships. And apparently, every single one of those 318 landed an internship. Among students doing internships, 85 percent received some type of support from Stern in their search, such as through on-campus interviews.

Both the internship and the full-time employment data highlight how, as economic conditions shift, the difference an elite B-school can make in their students’ job prospects becomes more pronounced.

Of course, that trend helps explain why admission to top MBA programs is becoming more competitive than ever, with many schools reporting record application numbers.

If you’re wondering where your profile fits into the current MBA landscape, we’re happy to offer feedback on what schools might be a good fit and how you can build an application that conveys your unique strengths. Just get in touch with us for a free MBA application assessment!

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Chioma Isiadinso

Chioma is a former Harvard Business School admissions officer and the CEO and Co-Founder of EXPARTUS, the first MBA admissions consulting company to use personal branding as a key part of the b-school application process. Chioma is the author of The Best Business Schools' Admissions Secrets, one of the leading books on how to successfully navigate the MBA admissions process.