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Establishing Proficiency in a Core Course

Langone Part-time MBA students must complete a total of 60 credits in order to earn their MBA degree. Included in this 60 credits are all of the Stern Core and Langone Core. Langone Part-time MBA students have the option to establish proficiency in most of the Stern Core, if they meet the necessary criteria. Students may not establish proficiency in the Langone Core, Professional Responsibility, or Strategy I and II.

If a student establishes proficiency in a Stern core course, this satisfies all degree and pre-requisite requirements. Students do not receive credits for establishing proficiency, however, and must still earn 60 total credits to complete their degree.

Establishing Proficiency in a Core Course

You may establish proficiency in a Core course through any of the following methods:

  • By having earned an Undergraduate Major or Masters degree in that subject or having taken at least five courses in the subject.
  • By passing a Stern Proficiency Exam.
  • (For COR1-GB.1306 Financial Accounting and Reporting only) By demonstrating proof or verification of one of the following: a) a U.S. CPA License; b) a passing grade on the U.S. CPA exam; or c) a chartered accounting certification.

Undergraduate Major or Masters Degree:

Students who possess an undergraduate major or advanced degree in a Core discipline area, or who have taken five or more courses in the subject, may choose to establish proficiency in that respective Core course. In order to establish proficiency based on previous coursework, students should make a formal request through the Core Course Proficiency Site. Students are not automatically given proficiency in any Core course(s). 

Please refer to the chart below for more information regarding what undergraduate major, advanced degree, or course subject material qualifies a student to establish proficiency in each Core course:

Course Undergraduate or Masters Degree / Relevant Coursework
COR1-GB.1302 Leadership in Organizations Management
(Substantial coursework in Organizational Behavior or Theory required. Proficiency established upon review of transcripts.)
COR1-GB.1303 Firms & Markets Economics
COR1-GB.1305 Statistics & Data Analysis Statistics
COR1-GB.1306 Financial Accounting & Reporting U.S. Accounting Majors, U.S. CPAs, or Chartered
Accountant Certification
(Students with a CFA designation who wish to establish proficiency are required to take the proficiency exam, per the Accounting Department policy.)
COR1-GB.2303 The Global Economy Economics
COR1-GB.2310 Marketing Marketing
COR1-GB.2311 Foundations of Finance Finance
(Students with a CFA designation who wish to establish proficiency are required to take the proficiency exam, per the Finance Department policy.)
COR1-GB.2314 Operations Management Industrial Engineering OR Operations Management
FINC-GB.2302 Corporate Finance (elective) Finance 
(Students wishing to establish proficiency in Corporate Finance must have taken at least five courses in Finance, including at least one Corporate Finance course.)

Stern Proficiency Exam:

Students who do not possess the necessary previous coursework to establish proficiency in a course, but still believe that they possess the knowledge to establish proficiency in a Core course, may take a proficiency exam to demonstrate Core course proficiency. 

In order to participate in a proficiency exam, you should first review the Core course topic lists provided below. If you feel that you are proficient in the topics listed, you should register for a proficiency exam on the Core Course Proficiency Site.

Core Course Topic Lists:
COR1-GB.1302 Leadership in Organizations Topic List (3 credits)
COR1-GB.1303 Firms & Markets Topic List (3 credits)
COR1-GB.1305 Statistics & Data Analysis Topic List (3 credits)
COR1-GB.1306 Financial Accounting & Reporting Topic List (3 credits)
COR1-GB.2303 Global Economy Topic List (3 credits)
COR1-GB.2310 Marketing Topic List (3 credits)
COR1-GB.2311 Foundations of Finance Topic List (3 credits)
COR1-GB.2314 Operations Management Topic List (3 credits)  
FINC-GB.2302  Corporate Finance Topic List (3 credits)

Exams are offered throughout the academic year.  Students may take each proficiency exam only once. Students who do not pass an exam, must register for and complete the Core course. Students who pass an exam may replace those credits with an equivalent number of elective credits. All proficiency exams are closed-book, and students are given two hours to complete each exam.  Students are permitted to use standard and financial calculators, but iPhones, Blackberries, laptops and similar devices are not permitted. 

Exams will be offered on the following dates:
Friday, January 29, 3:00 - 5:00pm, Room TBA
Saturday, January 30, 10:00am - 12:00pm, Room TBA
Friday, March 4th, 3:00 - 5:00pm, Room TBA
Friday, June 3, 3:00 - 5:00pm, Room TBA
Students are expected to complete the Stern Core before moving on to electives and fulfilling specializations. Therefore, students must complete any proficiency exams within the first year of the program.

U.S. CPA or Chartered Accountant Certification: 

In addition to an undergraduate degree in Accounting, students may establish proficiency in COR1.-GB.1306 Financial Accounting & Reporting if they show proof of one of the following:
  • U.S. CPA license
  • Verification of a passing grade on the U.S. CPA exam
  • Chartered Accountant Certification.
Students must submit a Core Course Proficiency request, as well as send proof of one of the above to Academic Affairs and Advising.  All other students who wish to establish proficiency in Financial Accounting & Reporting, including those who who hold CPA licenses from countries other than the United States, must pass a proficiency exam in order to be eligible.