Stern’s new Tech MBA and Fashion & Luxury MBA will enable students to build applicable knowledge, gain relevant real-world experience and earn their MBA in one year.
The program structure consists of four components – a business core, a technology or fashion and luxury core, real-world learning projects with organisations in the respective specialty areas and electives.
“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,” Vice Dean for MBA programs and online learning Raghu Sundaram said.
“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.”
Stern has taken full advantage of their home in New York City, which has put them within arms reach of multinational brands, start-ups and nonprofits.
Their new industry-specific MBA programs were developed through extensive conversations and in conjunction with industry advisors, including business leaders from Amazon, BuzzFeed, Citigroup and General Catalyst, to name a few.
“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,” NYU Stern Dean Peter Henry said.
“This dialogue drives continuous innovation at Stern, such as establishing the first FinTech MBA specialisation at a business school last year to creating new specialised MBA programs now, so we stay as relevant to the new economy as we are to Wall Street.”
The university is expected to undergo a re-branding to accompany their newly established MBAs which will incorporate real-world business projects.
Their “experiential learning” will be part of Stern Solutions, with many of the companies like Amazon, BuzzFeed and Citigroup making up the advisory boards to partner on future Stern Solutions projects.
The Tech MBA was 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.
With their specialised MBA programs, Stern was able to claim the title of 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.
Stern said the program was designed for students with a commitment to management roles throughout these sectors—accessories, apparel, beauty, jewellery, 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.
The inaugural classes for the Tech MBA and Fashion & Luxury MBA will enrol at Stern in May 2018. Students will take 51 credits over 12 months and earn an MBA degree from Stern in one year.