NYU Stern becomes first top 10 business school to offer a hybrid MBA

BY Sydney LakeNovember 18, 2021, 2:03 PM
The building of the Stern School of Business in New York, as seen in November 2021. (Photo by Wang Ying—Xinhua/Getty Images)

New York University Stern School of Business announced on Nov. 16 that it is launching a hybrid MBA option, which will include a mix of online and in-person courses. This new format for students will add to the school’s existing offerings, which include a part-time MBA program that Fortune ranks as No. 2, and its top-rated full-time and executive MBA programs.

Stern is now the only top 10 B-school (as deemed by Fortune) to offer a hybrid MBA program. Among the top 20 schools, University of California–Berkeley (Haas), Carnegie Mellon University (Tepper), University of North Carolina–Chapel Hill (Kenan-Flagler), and University of Washington (Foster) offer an online or hybrid MBA option.

“Our approach has been to be first and fast to market, in sync with the rapid pace of change of business,” JP Eggers, Stern’s vice dean of MBA and graduate programs, tells Fortune. “The new online/modular option offers even more flexibility for working professionals, which is more essential than ever given the trends we’re seeing on the future of work.”

NYU Stern offers a wide range of options for MBA candidates beyond the traditional full-time format, including tech- and fashion-and-luxury-focused programs. Part-time programs now include the Saturday option, weeknight option, an accelerated two-year option, and the online/modular option. Standards for admission are the same for all part-time programs, Eggers says.

How the program works

Students in the online/modular part-time option will complete their core MBA curriculum online, which comprise about half of the program, and then may choose how to finish their electives. Students can complete elective courses during one-week, in-person modules at the Stern campus in New York City, by enrolling in online courses, and by taking in-person courses at Stern on weeknights or Saturdays. Most online classes will be taught live online on weeknights from about 7 p.m. to 9 p.m. ET. 

For the elective module portion of the curriculum, students can complete online or in-person courses. The one-week, in-person modules will be held at Stern’s campus in the Greenwich Village. These courses will be offered Mondays through Saturdays and count for four-and-a-half elective credits. 

During the in-person module courses, students will work on assignments and group work in the evenings. Students will complete additional work before and after their week of classes on Stern’s campus, Eggers says, with some assignments done live virtually or through pre-recorded videos. 

“The modules represent an exciting new format designed especially for working professionals because they are immersive in both subject and structure,” Eggers says. Module examples include “Leading an Organization” and “Tech Innovation,” Eggers says, with more options to be added over time. The first modules are planned to start in fall 2023; that’s when the first cohort—fall 2022—will have completed the online core courses. Online/modular students can also participate in extracurricular activities at Stern and will have access to career services and coaching appointments.

“We live in a world in which the norms and needs of organizations and the professionals who work for them continue to evolve, often with great speed,” NYU Stern Dean Raghu Sundaram said in the school’s announcement about the online/modular program launch. “We recognize that one size does not fit all and hope to be giving students more innovative ways to customize their MBA experience.”

Who the program is a fit for

The application for the new program is the same as Stern’s other part-time options. Applications to all part-time and online/modular programs are due on Feb. 15, 2022 for round one, April 1, 2022 for round two, and May 15, 2022 for round three.

Since the online/modular option is a part-time program, it’s perfect for early-career working professionals and those MBA students who want more virtual content and short immersion experiences, Eggers explains. The format could be appealing because of students’ distance from campus or the nature of their work schedule, he adds.

“These individuals may live in the New York City area or even one or two time zones away, but what they all share is the interest in coming to the NYU Stern Manhattan campus for at least a portion of their MBA program,” Eggers says. “They recognize that being in New York City and taking some of the classes on campus is an integral component of the Stern MBA experience and simply cannot be replicated in any other format.

“They want the best of both worlds.”

See how the schools you’re considering landed in Fortune’s rankings of the best part-timeexecutive, full-time, and online MBA programs.