1) Consulting Dip
Consulting witnessed a dip in hiring and a drop in median base salary from $188,000 to $175,000 base salary. However, Management Consulting, the largest sub-function, employed 31% of graduates with a median base salary of $182,500, surpassing last year’s $180,067.
2) Investment Banking Surge
Summer Internship and Investment Banking Offers: Investment banking continues to show robust hiring, with 27.4% of the class entering the function —up from approximately 23% last year, reinforcing Stern’s strong ties to Wall Street. Summer Internships, like in other Finance schools, are crucial to convert IB offers. Interestingly, at NYU Stern, 84.5% of these internships were school-facilitated, and 71.8% of full-time offers arose from internships.
3) Technology Slowdown
The Technology sector at Stern witnessed a notable decline in hiring, dipping from 14.2% to 9.1%, with median base salaries falling from $152,000 to $143,500.
4) Marketing and Sales – Taking Advantage of New York City’s Advertising Industry
Marketing and Sales accounted for 10% of hires, consistent with last year’s 10.2%. However, base salaries fell to $129,500 from $150,000.
5) General Management Spikes at NYU Stern
General management roles saw an uptick to 5.2% of hires from 2.7% last year, with salaries increasing to $142,500 from $137,500.
6) North East – 83.3% of All Hires
83.3% of offers were accepted in the North East region, up from 77.6% last year.
7) J.P. Morgan Leads
J.P. Morgan leads the list with 13 hires, up from 8 last year, signaling a stronger demand for MBA talent in investment banking.
8) McKinsey, BCG, and Bain – Sharp Drop in Hiring
In contrast, McKinsey & Company hired 11 graduates, a sharp decline from 24 hires in the previous year. Similarly, Boston Consulting Group (BCG) hired 5 graduates, down from 13 last year, while Bain & Company hired 5 graduates, a notable decrease from 12.
9) Citi is Back
Citi’s hiring of 10 graduates, absent from last year’s top 10, highlights increased investment by the bank in MBA talent.
10) Amazon – Surprisingly Absent from the Top Employer List
Notably, Amazon did not appear in this year’s top employer list, compared to 10 hires last year.
Read: F1GMAT’s Complete Analysis of NYU Stern MBA Salary and Placements (2024)
