Q) I want to enter Technology post-MBA. Which program in the US is best to enter the industry? How good is NYU Stern’s Tech MBA?
Atul Jose (Admissions Consultant, F1GMAT): NYU Stern’s Tech MBA is part of the two one-year MBA programs that the team announced in 2017. With the 2019 to 2022 Employment reports - a trend emerges.
Technology Placements – Full-time MBA vs. 1-Year MBA (Median Base Salary and Sign-on Bonus)
The first question you might have is whether the specialist technology MBA has any advantage over the 2-year program in terms of remuneration. The median base salary for the 2022 graduating Stern Tech MBA was $152,601 compared to the 2-year full-time program’s $141,058 in the technology industry.
The Bonus for Stern Tech MBA was $43,712 compared to the 2-year program’s $43,121– the total difference clearly shows the advantage the 1-year tech MBA has.
Median Base Salary: NYU Stern Tech MBA > NYU Stern Full-time MBA
Sign-on Bonus: NYU Stern Tech MBA > NYU Stern Full-time MBA
Total Post-MBA Salary: NYU Stern Tech MBA > NYU Stern Full-time MBA (Technology)
ROI – NYU Stern Tech MBA vs. NYU Full-time MBA (Cost)
From an ROI perspective, the 2-year costs a total of $246,506 against Stern Tech MBA’s $160,732 – an $85,776 saving. Add to that an $80000 opportunity cost, you would be saving $165,776. That is the real advantage of a 1-year Tech MBA over a 2-year program.
Different Goals – NYU Stern Tech MBA vs. NYU Stern Full-time MBA
While the full-time MBA program has a 7.7% placement in the Product Management function, with the majority of MBA candidates entering Consulting (Management) and Finance, the tech MBA is targeted at those who are truly immersed in a technology career but need the balance of a management degree to navigate the increasingly deeper reach of technology in all the functions of a business including Finance and Consulting.
The placement trends of 2019 and 2020 show a consistent interest in Product Management which has doubled as per the 2022 placement trends with a 54.9% hiring rate.
Technology Consulting has lost over 4% of offers, whereas Business Development lost over 15%.
Even Product Marketing which had taken second place in 2020 with 14.7% of offers, lost 10% by 2022.
Data Analyst is another major function that lost 10% of offers by 2022.
Other popular functions for 2022, apart from Product Management, that remained above 5% of the total offers include General Management, Strategy, and Consulting/Management.
The average full-time salary for the Tech MBA graduates of 2022 was $152,601, with an average bonus of $43,712. Technology (63.4%) and Consulting (22%) remained the prominent industries.
NYU Stern Tech MBA - Placements by Industry
| NYU Stern Tech MBA (By Industry) | Hiring Rate (2022) |
| Technology | 63.4% |
| Consulting | 22% |
| Consumer product | 3.7% |
| Healthcare | 2.4% |
| Retail-General | 2.4% |
| Aerospace/Transportation | 1.2% |
| Entertainment/Media/Sports | 1.2% |
NYU Stern Tech MBA - Placements by Function
| NYU Stern Tech MBA (By Function) | Hiring Rate (2022) |
| Technology | 63.4% |
| Consulting | 22% |
| Consumer product | 3.7% |
| Healthcare | 2.4% |
| Retail-General | 2.4% |
| Aerospace/Transportation | 1.2% |
| Entertainment/Media/Sports | 1.2% |
New York as a Post-MBA Location for Technology
How New York is creating the buzz in Technology Entrepreneurship?
After the $1B exit of Tumblr, there was a period of lull from 2013-16, before Informa acquired Penton for $1.2B in 2016. The momentum shifted after that with Facebook going on a shopping spree acquiring Kustomer ($1B), Giphy ($400M) and CTRL-labs ($1B), Microsoft with PromoteIQ, and Spotify with its own IPO ($30bn) and going on strategic acquisitions of Gimlet Media and Anchor Podcast ($200 million) while Koch Industries acquired the remaining stake in Infor ($13B).
The entrepreneurial eco-system that was initially known for AdTech has now widened its reach with exits, IPO’s and mergers in e-commerce, enterprise technology, consumer goods, media, delivery, and Meditech, with the total exit from 2010 to 2020 valued at $53.4B.
The city added 10,340+ IT enterprises in 2022-23. In the last five years, job growth has been 33.6% taking the total technology jobs to 369,000, making technology the fastest-growing sector. In the last decade, Silicon Valley tech titans Alphabet Inc, Apple, LinkedIn, Meta, and Salesforce have all established operations here. Even throughout the COVID-19 outbreak, technology in New York City has grown steadily. The sector contributed $247 billion to the economy in 2022-23. The boroughs of Manhattan and Brooklyn saw an astounding 36.2% and 42.6% growth in IT employment, respectively.
NYU Stern Tech MBA Curriculum’s Effectiveness
NYU Stern Tech MBA is a STEM-designated degree program. Its curriculum has four components -Business Core, Technology Core, Stern Solutions, and more than 200 Electives with over 20 specializations.
The Business Core and Tech cores are conducted in tandem, giving students a fast-learning route required to switch into Product Management, FinTech, Tech Entrepreneurship, or take up a role as a Business Analyst.
| Fundamentals of Business Core | Fundamentals of Tech Core | Electives Specialization | Electives Specialization | Electives Specialization |
| Leadership | Technical Product Management | Accounting | Finance | Law & Business |
| Marketing | Emerging Technologies | Banking | Financial Instruments & Markets | Management |
| Accounting | Business Analytics | Brand Management | Financial Systems & Analytics | Management of Technology & Operations |
| Strategy | DevOps and Software Engineering | Business Analytics | FinTech | Luxury Marketing |
| Professional Responsibility | Foundations of Networks and Mobile Systems | Corporate Finance | Global Business | Marketing |
| Business Communication | Entrepreneurship | Digital Marketing | Healthcare | Supply Chain Management & Global Sourcing |
| Corporate Finance | Dealing with Data | Economics | Leadership and Change Management | Quantitative Finance |
| Economics | Tech Evolution & Economics | Entertainment, Media & Technology | Entrepreneurship and Innovation | Sustainable Business and Innovation |
| Real Estate | Strategy | Tech Product Management |
Experiential Learning: The team is deeply aware of Silicon Valley’s role in giving the most valuable learning experience. The Experiential learning component of the MBA – Stern Solutions starts with the indoctrination of the technology grammar, followed by real work with technology companies in Product Development. The most valuable part of the experience is the two-week immersion in Silicon Valley, where students network and work on a highly visible project for one of the technology giants.
NYU Stern MBA – Technology Recruitment Trends
Apart from the advisory board at Tech MBA that has some trailblazers - Michelle Peluso (CMO, IBM), David Tisch (Founder, Box Group), and David Ko (COO, Rally Health), the career service team play a vital role in connecting with the right recruiters.
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F1GMAT's NYU Stern MBA Essay Guide
