For those looking to earn an MBA, New York is a great place to start your school search. MBA graduates working in New York City currently earn average salaries of $84,611, as compared to the nationwide average of $82,721. Completing one of the many MBA programs in New York ensures graduates can compete for and receive job offers for top executive positions in myriad industries and company functions.
Whether you live in New York already and are interested in an in-person experience or live further afield and want to know about online programs, keep reading. Here you can learn about the top MBA options in New York for 2022 and learn how to pay for these invaluable programs.
Methodology
To identify the best MBA programs in New York for 2022, we developed a methodology that identifies metrics that best define top degrees. These include factors such as admissions (25%), retention and graduation (46%), instructors and faculty (21%), and financial resources (8%).
Each of these metrics receives a percentage value or weight, as listed beside each factor. The better each MBA program does in each of these areas, the higher scores they receive. Schools are then ranked from first to least based on the composite score of all four factors.
Best MBA Programs in New York
Several colleges and universities offering well-esteemed MBA programs are dotted across the state, offering access to education at various price points and with myriad concentrations. We look at a few of the top options in this section.
- New York University
NYU's Stern School of Business offers both a full-time and part-time MBA alongside an executive MBA. Learners can select from specializations in technology or fashion and luxury, or pair their MBA as a dual degree with an MD, JD, MFA, or MPA. Last year, the program maintained a 29% admission rate.
- Columbia University in the City of New York
Students can choose from standard and executive MBA pathways at Columbia University as well as dual-degree pairings in areas such as architecture, dental and oral surgery, international and public affairs, and public health, among others. The program consists of 42 credits and offers several opportunities for international learning retreats. - University at Buffalo
Attending the University at Buffalo provides access to full-time, part-time, and executive MBA programs. UB is ranked in the top 10% of AACSB-accredited business schools, making it a great option for students seeking academic rigor. Available concentrations include analytics, finance, healthcare management, information assurance, information systems, and e-business, international management, management consulting, marketing management, and operations and supply chain management. - Excelsior College
The online MBA offered by Excelsior College holds accreditation via the International Accreditation Council for Business Education and provides concentrations in cannabis control, finance and accounting, general business, healthcare management, human resource management, leadership, and marketing. Motivated students can graduate in as little as 12 months. - Marist College
The fully online MBA program at Marist holds accreditation via AACSB and offers concentrations in ethical leadership, financial management, and healthcare administration. Students can also complete an advanced certificate in business analytics. All classes are taught asynchronously to allow for maximum flexibility in learning. - Stony Brook University
Students can complete Stony Brook University's MBA program fully online or from the historic campus. Regardless of the format chosen, this degree consists of 48 credits and concentrations in innovation, operations analytics, finance, healthcare management, and marketing. The school also offers a fast-track option for learners looking to graduate quickly. - Syracuse University
The Whitman School of Management offers both an online and in-person MBA along with a defense comptroller dual degree incorporating an MBA and EMPA. Students can select two concentrations from areas such as accounting, business analytics, entrepreneurship, and emerging enterprises, finance, marketing management, real estate, and supply chain management. - Fordham University
Attending the Gabelli School of Business at Fordham University provides access to full-time, professional, and executive MBA pathways that take between two and three years to complete. Which program you choose will be based on your amount of work experience. Accepted learners possess an average of 5.3 years of experience and a 659 GMAT score. - St. John's University-New York
Students can choose from a one-concentration MBA consisting of 36 credits or a two-concentration MBA requiring 45 credits. Available concentrations include business analytics, educational leadership, enterprise risk management finance, financial technology healthcare systems, information systems, interdisciplinary business, international business, marketing management, real estate, risk and financial advisory risk management and insurance, STEM, strategic management, sustainability, and taxation.
If you're looking for other schools in New York that offer MBA programs, check out the Find Your Perfect "U" tool. You can search over 6,000 colleges and universities with 11 different filters to find the perfect school for you!
How Do I Pay For An MBA?
With the average cost of an MBA from one of the best programs topping $195,416 in 2020, finding ways to lower this cost -- and minimize student loan debt -- is critical for learners who don't want to be paying off their education for decades to come.
Fortunately, graduate students can take advantage of grants and scholarships that do not require repayment, paid internships, and secured federal student loans. Grants and scholarships can be found via government agencies, colleges and universities, foundations, and corporations. If you already work in the business world, you can also see if your employer will offer tuition reimbursement.
In the following section, we look at a few scholarships that can help reduce the cost of your MBA.
Scholarships for MBA Students
National Black MBA Association Graduate Scholarship Program
This award varies from $1,000 to $100,000 and supports black MBA students attending a partner institution offering an accredited MBA program. Applicants must submit all required materials by November 30.
Robert H. Rumler MBA Scholarship
This award supports individuals with a demonstrated interest in the dairy field to earn an MBA that can be used within this industry. Applicants must possess a bachelor's degree in dairy production or a related topic from an accredited institution along with several years of work experience. This scholarship provides $3,000 and applications are due April 15.
Albert W. Dent Graduate Scholarship
Dedicated to encouraging a more racially and ethnically diverse population of healthcare management executives, this award provides $5,000 to eligible learners looking to complete an MBA with a specialization in healthcare administration or a related subject. Applicants must demonstrate financial aid and submit all required documentation by March 31.
Seol-Bong Scholarship
Designed to support Korean-American students working towards a full-time, accredited MBA program, this award can be used for colleges located in Connecticut, Washington D.C., Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, or Virginia. Awards vary from $2,000-$3,000 and applications are due October 12.
Foster G. McGaw Graduate Student Scholarship
The Foundation of American College Healthcare Executives provides this $5,000 award for healthcare management MBA students in their final year of studies. Applicants must be enrolled on a full-time basis and demonstrate financial need to qualify. Applications are due March 31 each year.
Is an MBA Worth It?
MBA programs are well worth the time and effort for students who aspire to take on high-level managerial and leadership positions in industries ranging from healthcare to real estate, homeland security to hospitality. These programs provide the skills and knowledge needed to oversee teams, make strategic decisions, and handle nuanced business functions.
Completing an MBA also provides the credentials needed to qualify for advanced positions. While it is possible to climb the career ladder to these positions, an MBA can help expedite the process and get you into a dream role more quickly.
Sources:
- When Is an MBA Worth It? Investopedia
- What it Now Costs to Get a Top-25 MBA: Poets & Quants
- MBA Salary in New York City, New York: ZipRecruiter