Academic Policies

Student Code of Conduct

All students in Stern are expected to adhere to the Code of Conduct and uphold its values whereby they pledge to abide by the Stern Code of Conduct and acknowledge its imperative. Students not only recognize their personal responsibility in maintaining the Code of Conduct, but also acknowledge the consequences of violating the University's trust.

The Stern Judiciary Committee hears cases involving alleged violations of the Code of Conduct by Stern students. Hearing panels consist of student and faculty volunteers who are trained to hear such cases. The Judiciary Committee Process can be found here.

The Stern Judiciary Committee has jurisdiction over disciplinary matters involving matriculated and visiting students in the undergraduate and graduate full-time, part-time, executive, and PhD programs at the Stern School of Business. Any member of the Stern community may report an alleged academic or behavioral violation against a Stern student. Academic violations include, but are not limited to cheating and plagiarism; behavioral violations include, but are not limited to physical assault, sexual harassment and property damage.

To report a violation, email

Travel Code of Conduct and Responsibilities
Stern students represent the university and the Stern School of Business when they study away from NYU. In addition to the standard Code of Conduct, there is also a Travel Code of Conduct that students must abide by.

Students are required to submit their own work. Ideas, data, direct quotations, paraphrasing, or any other incorporation of the work of others must be clearly referenced. To do otherwise constitutes plagiarism. Examples of plagiarism include the following:
  1. The use of other persons or services to prepare written work that is submitted as a student's own.
  2. The use of previously or concurrently submitted papers or segments thereof written by other students or by the student himself or herself.
  3. Submission of the same or very similar papers in different sections of multiple-section courses by collaborating students.
Students suspected of any form of plagiarism will be subject to disciplinary action.

All communication—written, oral, or otherwise—among students during examinations is forbidden except where approved by the instructor. The use of notes, books, other written materials, calculators, or other aids is forbidden except when approved by the instructor. Providing or receiving information about the content of an examination is forbidden except when approved by the instructor. The use of anyone else to take an examination for a student is forbidden. The above-mentioned items are intended to be illustrative of plagiarism and other forms of cheating. They are not all-inclusive.

Use of Technology
Calculators, mobile devices, personal computers, wireless devices, and/or other electronic devices not explicitly permitted by the instructor. The use of personal digital assistants (PDAs) in the classroom, including for taking examinations, will be at the discretion of the instructor (permission may be communicated verbally or in writing). Instructors may limit the use of technology to a scientific or business calculator and specify, for example, a TI-83 or equivalent. Students who use unapproved devices may be liable to be charged with academic misconduct.

Resources (Libraries and Computer Usage) Library. Circulating library material may be borrowed only upon presentation of the student's own valid NYU photo ID. Noncirculating material (e.g., magazines, journals, and reference items) may not leave the library under any circumstances. Stealing or vandalizing library materials is forbidden.

Computer Center. Students are expected to treat the School's computing resources in the same fashion as library materials. Illegal, improper, or inappropriate use of any of the center's hardware or software constitutes grounds for academic disciplinary measures and/or legal action. Specifically, the copying of proprietary personal computer or mainframe software and unauthorized access to the center's computer networks, mainframes, and PCs are forbidden.

In addition to the above, students are expected to be familiar with and abide by the “University Policy on Student Conduct,” which sets basic rules and covers issues of academic freedom, speaker invitations and demonstrations, and use of University facilities. “University Policies and Procedures” covers the policy on affirmative action/equal opportunity and compliance with the Family Educational Rights and Privacy Act (P.L. 93-380). A copy of “University Policies and Procedures” is in the University's handbook, the NYU Student's Guide.

Disciplinary Sanctions
Students are expected to familiarize themselves and comply with the rules of conduct, academic regulations, and established practices of NYU and Stern. Failure to abide by these codes may result in referral to the Honor Council and/or appropriate legal action by the University. The Council may levy a range of penalties, including expulsion. If, pursuant to such rules, regulations, or practices, the withdrawal of a student is required before the end of the term for which tuition has been paid, a refund will be made according to the standard schedule for refunds.

Internship Policy

Internships are a wonderful complement to classroom learning, and can be a valuable part of a student's education, especially with all of the exciting opportunities offered in New York City. Effective spring 2014, Stern will launch a new 0.5-credit elective course, Business Practicum, designed to help students learn leadership and interpersonal skills that will allow them to effectively apply their classroom knowledge to the workplace. For more specific information regarding this course, please see the internship policy section.

Stern will only sign the contracts related to and associated with the Business Practicum course; Stern will not sign other contracts and liability waivers provided by companies.

Scheduling conflicts with internships are not an acceptable excuse for failing to meet your academic obligations including, but not limited to, attending class, arriving to class on time, taking scheduled examinations, completing homework assignments, fulfilling group work obligations, and addressing registration issues.

Grading in Stern Undergraduate Classes

Grading Guidelines
1. In core classes of 25 or more students, approximately 35% of students will receive an A or A- grade.
2. In core classes of less than 25 students, the instructor is at liberty to give whatever grades they think the students deserve, while maintaining rigorous academic standards.
3. In elective classes, the instructor or department is responsible for determining reasonable grading guidelines.
Grading Information for Stern Core Courses

At NYU Stern, we strive to create courses that challenge students intellectually and that meet the Stern standards of academic excellence. To ensure fairness and clarity of grading, the Stern faculty have adopted a grading guideline for core courses with enrollments of more than 25 students in which approximately 35% of students will receive an “A” or “A-“ grade. In core classes of less than 25 students, the instructor is at liberty to give whatever grades they think the students deserve, while maintaining rigorous academic standards.
Grading Information for Stern Elective Courses

At NYU Stern, we strive to create courses that challenge students intellectually and that meet the Stern standards of academic excellence. To ensure fairness and clarity of grading, the Stern faculty have agreed that for elective courses the individual instructor or department is responsible for determining reasonable grading guidelines.

Grading System
Listed below are the full range of letter grades and the numerical values that are used in the computation of the grade point average:
Letter Grade Legend Quality Points
A* Excellent 4.000
A- Excellent 3.667
B+ Good 3.333
B Good 3.000
B- Good 2.667
C+ Satisfactory 2.333
C Satisfactory 2.000
C- Satisfactory 1.667
D+ Minimum Passing Grade 1.333
D Minimum Passing Grade 1.000
F Failure 0.000

*No grade above A or value above 4.0 may be used.

For example, an A in a 4-credit course earns the student 16 grade points (4 x 4.0); a B in a 4-credit course earns 12 grade points (4 x 3.0), and so on.
The following grades are registrar's grades and cannot be recorded by an instructor. They are without numerical value and are ones for which credit is not granted except as noted.

W—This is a registrar's grade assigned when a student officially withdraws from a course.

P—This is a registrar's grade assigned when the student has registered for a course under the pass/fail option when credit is granted or for noncredit courses.

Makeup Examinations
Students who do not take the final examination at the regularly scheduled time due to compelling circumstances may, after applying to the instructor and at his or her discretion, be given the grade of I(P) or I(F), either of which indicates that the student is eligible to take a makeup examination.

Grades of I(P) and I(F) assigned due to absence at the final examination must be cleared within one semester; if not, the I(F) grade lapses to an F and the I(P) automatically lapses into a N (no grade/no credit).

Grade Point Average
The grade point average (GPA) is determined by dividing grade points by the credits (with 0 grade points and 4 credits for a grade of F; 0 grade points and 0 credits for a P). No courses in which a passing grade has been received (D or better) may be retaken. Retaking a course that has been passed in previous semesters is a violation of Stern's policy and will not count toward graduation requirements and will not be computed into the student's GPA. A student may repeat a course in which a failing grade was received. However, both the failing grade and the passing grade will remain on the transcript, and both will be calculated into the GPA.

The courses accepted toward the degree must first meet program requirements. Credit will be applied in strict chronological order.
An average GPA of C (2.0) is required for graduation (128-144 credits and 256-288 grade points) except that the number of credits in pass/fail option Ps shall be deducted from the total credits in calculating the GPA (grade points divided by credits). Students who complete the required number of credits but who lack grade points may be permitted to take additional courses to gain grade points. They may not secure grade points by repeating courses they have already passed.

Not included in the GPA are credits taken in excess of 144 credits or credit brought in from other institutions. Students are not permitted to take classes in the School of Professional Studies (SPS). Please consult with an academic adviser regarding these courses.  

Grade Changes
The process of assigning grades is intended to be one of unbiased evaluation. Students are encouraged to respect the integrity and authority of the professor's grading system and are discouraged from pursuing arbitrary challenges to it. If a student believes an inadvertent error was made in the grading of an individual assignment or in assessing an overall course grade, a request to have the grade re-evaluated may be submitted.

To appeal an assigned grade, the student should provide a written explanation to the instructor who assigned the grade, outlining why he or she feels the grade is incorrect. If the student is dissatisfied with the outcome of the review and wishes to appeal the grade further, a formal written appeal should be submitted to the chair and/or faculty course coordinator in the particular department. An independent review of the grade will be undertaken by the department. The student's work will be reviewed to clarify how the grade was determined and to ensure the grade is consistent with the academic guidelines and policies of the department and course. The decision of the department in matters related to a course grade is final.

In all cases, students are expected to act within one semester following the course to appeal a grade since faculty may not be available to review an appeal in future semesters or years.  (For fall and January term courses, students must appeal no later than the following spring.  For spring and summer courses, students must appeal no later than the following fall).

After the awarding of the degree, no grade changes of any kind are permitted unless due to a departmental clerical error in recording.

Pass/Fail Option

The pass/fail option is designed to encourage students to explore new and potentially challenging courses throughout the University. Students of the Stern School of Business are permitted to declare a maximum of four courses in the elective category pass/fail during their undergraduate career. Students of the Stern School of Business are permitted to declare one elective pass/fail per semester outside of their major(s)/concentrations or minor. A maximum of four courses may be taken for a pass/fail grade. A pass/fail grade cannot be taken in any required course, or courses used to satisfy general education or business studies requirements. After having completed one's major/concentration/minor or functional business core courses in a prior semester, a student may choose to declare a subsequent course in their major/concentration/minor or an additional functional business core course (now effectively an elective -- classes of 2015 & 2016 only) as pass/fail. Please note that a student will not be allowed to pursue a concentration in the discipline whose core course has been taken as Pass/Fail (ie. if a student were to pass/fail MGMT-UB Management & Organizations after completing 4 other Business Core courses in prior semesters, the Management concentration would no longer be an option for this student).Students who have successfully completed their concentration coursework, with final grades for this coursework on their transcripts, may opt to pass/fail an additional class within their concentration. Students returning from studying abroad through the IBEX program are only permitted to take one additional pass/fail course at Stern.Students pursuing cross-school minors may not declare any courses counting toward the minor as pass/fail.

Units earned for these courses are eliminated for consideration for the Dean's List, graduation with honors, and Beta Gamma Sigma (e.g. a full-time student must take a minimum of 12 units to be eligible for the Dean's List; a pass/fail course does not qualify as part of these units). Pass/fail grades are factored into the grade point average as follows: e.g. for a 4 unit class: 4 grade points and 0 units earned for a grade of F; 0 grade points and 4 units earned for a P.

Students returning from studying abroad through the IBEX program are only permitted to take one additional pass/fail course at Stern.

Students must designate the specific course for a pass/fail grade by the last day to withdraw from classes in a given semester or term (this includes fall, spring, summer and January term). Once an application is submitted, the pass/fail designation is irrevocable.

Students wishing to declare a course pass/fail or with questions about the pass/fail option should see their adviser in the Stern Office of Academic Advising.

Grades of Incomplete

Grades of Incomplete
Incompletes may be earned when unavoidable circumstances keep a student from finishing a course that term and the nature of the course permits the faculty member to allow late completion. If coursework will not be completed before the last class for the semester, students may request a grade of Incomplete. Students should discuss this option with the professor before the last day of class. An Incomplete grade is given at the discretion of the professor and is never automatic. Students should note that taking an incomplete grade that results in fewer than 12 units earned for a semester may result in placement on academic warning or academic probation. Incomplete grade designations are without numerical value and are not included in the grade point average.

I — A notation of I (incomplete) is granted for a single semester. If the student does not complete the course material in the appointed time (see below) the I becomes an F.

The following rules apply to all grades of incomplete:
1. Students may sit in on the same course in a subsequent term for which they have received an incomplete contingent upon space availability and instructor permission.
2. Makeup work must be completed with the same instructor. However, if the faculty member is not in residence during the subsequent term when course work must be completed, the terms of the incomplete can be resolved in consultation with the department chair.
3. All work to complete an incomplete must be made up by the following deadlines unless stipulated otherwise by the instructor:
Fall Term or January Term: Last day of the following spring term.
Spring Term or Summer Session: Last day of the following fall term.

Note: Students taking incomplete grades in courses outside of Stern (e.g. CAS, Tisch, etc.) are encouraged to consult with that school for details of about their grading policies in regards to grades of incompletes as they may differ from those of Stern.

Retaking Classes

No courses in which a passing grade has been received (D or better) may be retaken. Retaking a course that has been passed in previous semesters is a violation of Stern’s policy and is not counted toward graduation requirements nor computed into the student’s GPA. A student may repeat a course in which a failing grade was received. However, both the failing grade and the passing grade remain on the transcript, and both are calculated into the GPA.

Auditing Courses

The Stern Undergraduate College does not permit auditing of Stern undergraduate courses. Students may not attend courses for which they have not registered.

Academic Standards

The Office of the Dean and the Stern Office of Academic Advising review student records throughout the academic year. Academic standards actions are based on the grades to date at the end of each term. The Stern Undergraduate College requires that all students make steady and substantial progress toward the Bachelor of Science degree. This entails a minimum of a 2.0 GPA and a minimum of 12 credits taken during each academic semester. A minimum 2.0 grade point average is required to graduate.

Academic Warning
Students will receive a letter of academic warning with a cumulative GPA of 2.0 to 2.25 or if the semester GPA is below 2.0 (even if the cumulative GPA is above 2.0). Students will be advised to seek counseling from an academic adviser to discuss recommendations for achieving an appropriate standard for academic performance.

Academic Probation
Any student whose record is deemed unsatisfactory will be placed on academic probation and will be so informed by letter. A record will be deemed unsatisfactory if, in any semester, the cumulative GPA falls below 2.0 or if it fails to show steady and substantial progress toward the degree. Steady and substantial progress toward the degree entails the completion, with satisfactory grades, of 12 credits for which a student registers in any semester.*

Failure to satisfy the conditions of probation will result in further academic sanctions and possible dismissal from the University. The conditions usually require that the student (a) achieve a grade point average of at least 2.0 during the term he or she is on probation in a minimum of 12 credits, (b) not receive any grade of incomplete, and (c) not withdraw from any course without securing the permission of an academic adviser prior to the withdrawal. Students on academic probation are also required to have a special probation interview with a representative from the dean of students' office in order to receive registration clearance for the next semester. More specific requirements may be imposed. New and continuing students on probation will not be eligible for financial aid.

Academic Dismissal
Students who are dismissed from the Stern Undergraduate College for poor academic performance are informed in person or in writing by registered mail. Students who have paid tuition for the next term at the time of dismissal will receive a full refund of tuition and fees.

Concentration(s) and Minor Selection

Students are encouraged to declare a concentration(s), major in CAS, and/or minor by the end of their sophomore year, however, students are required to have at least one Stern concentration declared on Albert no later than the end of their junior year. When considering a double concentration, a major through CAS, or minor, students should be aware that the degree requirements might exceed 128 units, possibly affecting financial aid. Those who have questions about specific concentrations, double concentrations, or minor possibilities, or who require help in making this decision should see their adviser at the Stern Office of Academic Advising or the respective undergraduate faculty adviser or the appropriate minor department. Students make a formal declaration of a concentration by completing a Selection of Concentration Declaration form that is filled out electronically on the Stern Undergraduate web site. A cross-school minor form can be filled out electronically on Albert. The primary major for a Stern degree is Business. Students are permitted to declare up to three official designations beyond the major in Business (i.e. two concentrations and one minor; one concentration and two minors or; two concentrations through Stern, one major through the College of Arts and Science).

Double Counting of Stern Course Work

Stern students are not permitted to count Stern course work toward more than one requirement. For instance, students concentrating in finance and global business may count International Financial Management either as an advanced finance elective or as an global business requirement—it cannot count toward both concentrations. This applies to all Stern courses, concentrations and Stern minors. Students are encouraged to meet with an academic adviser to see how this policy might impact their planned academic progress.

Advanced Standing and Credit By Examination

The Stern School of Business Undergraduate College strongly recommends that students apply no more than 20 advanced standing points toward their degree requirements given that the Stern curriculum has been carefully designed to ensure both intellectual depth and breadth throughout four years. To apply for advanced standing, a student must
• submit proof of prior college-level course work or advanced placement (AP) test results to the Undergraduate Admissions Processing Center or bring a sealed envelope of the transcripts and/or the test results to the Stern Undergraduate Office of Academic Advising,
• meet with his/her adviser at Stern to discuss the implications thereof, and
• sign an Advanced Standing Agreement Form found here with the Stern Undergraduate Office of Academic Advising that is placed on file with the Stern Undergraduate College and the Office of the University Registrar.
Note: Freshmen are highly encouraged to consult with an academic adviser before they apply AP credit toward their first term at NYU.

Credit by Examination
The Advanced Placement Program (AP-College Entrance Examination Board), the International Baccalaureate Program (IB), and the results of some foreign maturity certificate examinations enable undergraduate students to receive credit toward the bachelor's degree on the basis of performance in college-level examinations or proficiency examinations related to Stern's degree requirements, subject to the approval of the college.
The maximum number of units allowed toward the degree requirements that are a result of any possible combination of nonresidential special examination programs shall not exceed 32. Note: Stern strongly recommends that undergraduates apply no more than 20 units toward their degree requirements so they may fully experience the depth and breadth of the Stern curriculum.

Advanced Placement Program (AP)
New York University participates in the Advanced Placement Program of the College Entrance Examination Board. In accordance with New York University policy, if test results are 4 or 5, depending on the subject examination, the student may receive college credit toward the degree and may not take the corresponding college-level course for credit. For a chart of approved AP course equivalences, click here.

International Baccalaureate (IB)
The Stern School recognizes for advanced standing credit most higher-level examinations passed with grades of 6 or 7 (exceptions include Economics). No credit is granted for standard-level examinations. Official reports must be submitted to the Undergraduate Admissions Processing Center for review.
For a chart of approved IB course equivalences, click here.

Maturity Certificate Examinations
The Stern Undergraduate College will consider the results of certain foreign maturity certificate examinations for advanced standing credit, i.e., British GCE "A" levels or Cambridge Pre-U, French Baccalauréat, German Abitur, Italian Maturità, or the Federal Swiss Maturity Certificate. Stern may require that score reports be authenticated and reviewed by approved independent credential evaluation agencies. For a chart of approved A-Level course equivalences, click here. All other Maturity Certificate examinations will be reviewed on a case-by-case basis.

Limitations on Advanced Standing Credits (By Subject)

All students entering Stern as freshmen are required to fulfill a 4-unit mathematics course. Beginning with the class of 2016 and beyond, students who earn a 4 or 5 on the BC Calculus AP exam, or a 6 or 7 on the IB Higher Level Mathematics exam, or an A or B on the GCE A-level Math exam will be eligible to apply those advanced standing credits to satisfy the Calculus I requirement.

The 4-unit requirement is typically fulfilled through the successful completion of Calculus I (MATH-UA 121), but for students with advanced standing, a higher-level course may be more appropriate for fulfilling the 4-unit requirement. Stern academic advisers are available to help those students with advanced standing make appropriate course selections. Advanced standing can be used to place into either Calculus II, Calculus III, or Linear Algebra.

All students entering Stern as freshmen are required to complete the 4-unit Microeconomics course (ECON-UB 1).
Students in the B.S. in Business program also complete a 4-unit international economics course, Economics of Global Business (ECON-UB 11). No credit is awarded for any prior Economics course work or AP economics exams.

Students in the B.S. in Business and Political Economy program will complete Intro to Macroeconomics (BPEP-UB 2) in lieu of Economics of Global Business. Students who plan on graduating by 2019 may be eligible to use a 5 on AP Macroeconomics, a 7 on IB HL Economics, or an A on GCE A-Level Economics to substitute for BPEP-UB 2.  All classes after that class will not be permitted to apply this advanced standing credit to satisfy this requirement.

Transfer students who do not enter Stern with an approved intermediate-level microeconomics course will be required to take either Competitive Analysis (ECON-UB 15) or Intermediate Microeconomics (ECON-UA 10) to satisfy this requirement.

All students entering Stern are required to fulfill a 6-unit statistics requirement. Students are eligible to waive out of 4 of the 6 total unit requirements based on an appropriate score in AP Statistics. To be waived from the 4-unit portion of the requirement, eligible students may take a proficiency examination in the first semester the student arrives on campus. Upon passing the examination, the 4 units from the usual Statistics requirement are redistributed to electives. Regardless of advanced standing, all students must take the 2-unit course entitled Regression and Forecasting Models (STAT-UB 3).

All students entering Stern as freshmen are required to complete an 8-unit writing sequence. No credit toward degree requirements is currently granted for prior course work or examination results in writing or exposition.

Proficiency Examinations

Writing Proficiency Examination
Students must receive credit for EXPOS-UA 1, Writing the Essay, and SOIM-UB 125, Business and Its Publics: Inquiry and Discourse (or for qualified international students, EXPOS-UA 4, International Writing Workshop I, and EXPOS-UA 9, International Writing Workshop II). In addition, all students must demonstrate proficiency in expository writing, which is satisfied through achieving a minimum grade of C in EXPOS-UA 1, Writing the Essay, or EXPOS-UA 4, International Writing Workshop I.

Internal transfer students from other NYU divisions should have satisfied the proficiency requirement through achieving a minimum grade of C in a corresponding writing course completed through their previous division.

External transfer students who receive credit toward both semesters of expository writing must complete a proficiency examination, administered by the Expository Writing Center in May, August, and December.

In order to graduate, all students must receive a passing score on the writing proficiency examination. Any student who fails the test must instead register for EXPOS-UA 13, Writing Tutorial (4 credits), for graduation, which is offered on a pass/fail basis only. Any student who fails this course must repeat it until a passing grade is earned. The course is also available for other students as space permits. In particular, the tutorial course provides intensive individual lessons in the practice of writing. For more information, contact the Expository Writing Center, 411 Lafayette Street, 3rd Floor, 212-998-8860 or 8866.

Transfer Business Proficiency Examinations
All transfer credits received in each of the following subjects are designated as elective only, pending completion of a multiple-choice proficiency examination in the subject: marketing, finance, and statistics. If the student obtains a passing score, the credit is redistributed to fulfill the appropriate requirement in the degree program (MKTG-UB 1, Introduction to Marketing; FINC-UB 2, Foundations of Financial Markets; or STAT-UB 1, Statistics for Business Control). Students may take these examinations only once. If the student fails the proficiency examination, the transfer course remains as elective credit, and the student must satisfy the introductory requirement at Stern. Only students with introductory courses in these subjects from a previous institution are eligible for proficiency examinations (except for students with scores of 4 or 5 on the AP examination in statistics). All proficiency examinations are administered by the Stern Office of Academic Advising. Students wishing to take any of these examinations must do so no later than by the end of the first six weeks of the fall semester. Students taking the Statistics Proficiency Exam are welcome to review Stern's study guide here.

Semester Course Loads

Matriculated full-time students are expected to complete at least 32 units per academic year. For students receiving financial aid, completing fewer than 32 units in an academic year may jeopardize that aid. To be in good academic standing, students must complete a minimum of 24 units per academic year. Failure to maintain full-time standing prior to the final degree semester results in academic probation, which is recorded on the transcript. Students are only permitted to register on a part-time basis (fewer than 12 units) during a summer session and/or the final semester of their degree program.
            Permission from the Stern Office of Academic Advising is required if a student wishes to take more than 18 units in a given semester. Students who wish to do so must fill out the “Request to Increase Semester Credit Load” form and meet with an academic adviser for final approval once the form is filled out. Permission to take more than 18 units per term is limited to students who have completed at least 32 units of work while matriculated at Stern and who have maintained a cumulative grade point average of 3.0 or better. Freshmen may be given permission to take more than 18 units in a semester only after completing one full semester of course work and only if the student has a GPA of 3.5 or better. All students taking over 18 units in a given semester are subject to extra tuition and fees. Students enrolled in fewer than 12 units in their final semester or who exercise the option to increase their unit load at any point in their academic career are encouraged to visit the Office of Financial Aid and the Office of the Bursar to find out how their semester course load impacts their tuition costs or financial aid.  In addition, international students who pursue an approved semester of either an increased course load or an fewer than 12 units are encouraged to meet with the Office of Global Services to discuss any potential implications on their Visa status.
            While the Stern curriculum only requires that students earn a minimum of 128 units to meet most concentration[1] and graduation requirements, students can take up to and count toward their GPA 144 units while at Stern.  Courses taken in excess of 144 credits that do not meet degree requirements will be discounted from the student’s degree chronologically (i.e. the most recent course taken that does not satisfy degree requirements will be discounted).  Students on financial aid, however, may not receive funding for any units taken over 128 units that do not count toward graduation requirements. Students who must take an excess of 128 units in order to meet their graduation requirements are encouraged to contact the Office of Financial Aid.

[1] Some Stern/CAS concentration/major combinations necessitate exceeding the 128 unit graduation requirement.

Residency Requirements

All degree candidates are subject to the following residency requirement: students, excluding those authorized to participate in an approved study abroad program, must complete at least 64 units of course work in residence at the Undergraduate College of the Stern School of Business.
Transfer students from other NYU schools will be required to transfer in all graded credits taken at NYU prior to entering Stern with the exception of any advanced standing credit (AP, IB, etc) that was automatically applied without their explicit consent at the outset of their original program. Internal transfer students may enter Stern with more than 64 earned units, however, they are held to the 144 credit-limit so that any non-required units earned in excess of that limit will be discounted from their degree. 

The full-time program should be completed in four years and must be completed within five consecutive calendar years or 10 academic semesters; this includes semesters taken at previous institutions. Failure to do so may result in academic dismissal.

Note: Non-transfer students are allowed to transfer in a maximum of 32 units from the following: Advanced Placement Examinations, the International Baccalaureate Program, the results of certain foreign certificate examinations, and college credit earned prior to matriculation at NYU. External transfer students can transfer in a maximum of 64 units from their prior institution(s).

Non-NYU Coursework

Students enrolled for degree programs at New York University are expected to take their courses, including summer sessions, at New York University. Exceptions are considered on a case-by-case basis, are not to exceed 8 units of outside courswork and must be preapproved by the Stern Office of Academic Advising. Coursework taken outside of NYU must comply with the Stern residency requirements. Stern does not accept online courses for transfer credit.
Stern does not grant credit for college/university courses taken during high school if the courses were also used to satisfy high school graduation requirements. Generally, these courses should be taken on a college/university campus, with other college/university students, and taught by a college/university faculty member. For incoming freshmen, Stern will not award transfer credit for previously taken college/university business coursework, but may allow these courses to be used for placement.  Approval for the awarding of credit or determining placement based on previously taken college credit is at the discretion of the Academic Advising staff. 

Leave of Absence or Complete Withdrawal from all Courses

Leaves of absence are approved for medical, financial, or personal reasons. Students may, in advance, request a leave of absence from the Stern Undergraduate College for a period of up to two semesters in their career. The typical period for a leave is one semester, but students may request a second semester as well. To request a leave of absence, students must meet with their academic adviser. This meeting is necessary to discuss not only the reason for the leave but also the ensuing ramifications and possible alternatives to taking a leave. Once approved, a Leave of Absence Form must be filed, and students must complete the NYU Semester Withdrawal Form on the Office of the University Registrar's Web site.
Students should be aware of the following:
  • Students may request a leave of absence from the Stern Undergraduate College for a maximum period of up to two semesters in their career.
  • Students absent for more than two consecutive semesters must apply for readmission to the Stern Undergraduate College with no guarantees of acceptance.
  • International students whose home countries require students to perform two years of military service will not need to apply for readmission to NYU and Stern after a leave of absence for military service, provided that they meet the following conditions: (1) they are on leave for just four regular (e.g., fall and spring) semesters and (2) they send written proof of their military service during that time and an honorable discharge (and any necessary English translations provided by accredited third-party translators). Students who take a leave of absence for a military-related reason who fail to meet these conditions must apply for readmission with no guarantee of acceptance.
  • Leaves are not granted after the ninth week of the term except for compelling personal or medical reasons.
  • Refund percentages are based on the Office of the Bursar's schedule of refunds and are not granted after the third week of the term.
  • Students who request a leave of absence for two consecutive semesters are required to meet with their adviser upon their return to Stern.
  • Medical leaves requested after the deadline require supporting documentation from the Student Health Center or Counseling and Behavioral Health Services.
  • Students returning from medical leave may require clearance from the Student Health Center or Counseling and Behavioral Health Services prior to enrolling for classes.
  • Students are responsible for financial aid renewal applications and deadlines while on leave.
  • No credit will be awarded for domestic or international classes taken while on a leave of absence.
  • Any student on an unofficial or unauthorized leave is required to apply for readmission.
  • International students are instructed to meet with a counselor in the Office of Global Services (OGS) prior to taking a leave of absence to ensure that their visa status allows for a leave and to discuss visa and other immigration implications that might arise from a medical, personal, or financial leave of absence.
  • Any student involved in an on-going disciplinary investigation may not initiate an official withdrawal from the University without approval from the Stern Undergraduate College.
Leave of Absence or Withdrawal After the Start of a Semester
Once a semester has begun, students enrolled in courses who want to (1) withdraw completely from all courses for the current semester, (2) withdraw completely from the University, or (3) take a leave of absence for the current semester, must complete the NYU Semester Withdrawal Form via their Student Center on Albert. Directions on how to complete this form can be found on the Office of the University Registrar's Web site ( Students do not need to complete the NYU Semester Withdrawal Form if they are dropping/adding individual classes, but will remain enrolled at NYU .

Upon completion of the NYU Semester Withdrawal Form, students must also complete the Leave of Absence Request form. A student's courses will not be dropped and in turn, their request for a leave of absence will not be considered until the Leave of Absence Request form has been completed and received by the Stern Office of Academic Advising. Students should also schedule an appointment with an academic adviser to discuss the leave or withdrawal and its potential ramifications.

Early Graduation

All students accepted to the Stern School of Business are admitted to a four-year (or eight-academic semester) program. While it is possible for students to complete course work in less time, it is not recommended. Students are encouraged to participate in the wide range of opportunities found at NYU, including clubs, sports, community service, and internships over the four-year period.

The possibility of early graduation is contingent upon the completion of all required course work. Completion of course work is subject to course availability and successful completion of all degree requirements. Students interested in early graduation are encouraged to discuss it with their adviser.

Access to Academic Information

The Family Educational Rights and Privacy Act (FERPA) requires the permission of a student to release information from his or her education records to a third party (except in certain specified instances). A student's education record includes all documents maintained by the University in either hard copy or electronic format that contain personally identifiable information about the student. If a student wishes to consent to the release of information from their education records for the purpose of keeping a parent or other individual informed of their progress at NYU, they must complete the Consent to Release Student Information Form, which can be found in the Stern Office of Academic Advising or on the Stern Undergraduate College advising Web site at, under “Academic Planning.” Students have the right to revoke the permissions granted at any time by submitting a revocation letter to the Stern Office of Academic Advising. The waiver to share information with a third party will be in effect until the student submits such a letter. For more information on FERPA, please read the Registrar's University Policies.

Stern Policy in Regard to In-Class Behavior & Expectations

The following are policies students should assume are in force in their Stern courses, unless their instructors explicitly establish alternate policies.

Laptops, Cell Phones, Smartphones, Recorders, & Other Electronic Devices May not be used in class.

Required and part of grade.

Faculty will excuse absences only in the case of documented serious illness, family emergency, religious observance, or civic obligation. If you will miss class for religious observance or civic obligation, you must inform your instructor no later than the first week of class. Recruiting activities and business trips are not acceptable reasons for absence from class.

If a student is absent from the first day of an intensive course, the instructor may request that the student be removed from the course.

Arriving Late, Leaving Early, Coming & Going
Students are expected to arrive to class on time and stay to the end of the class period. Arriving late or leaving class early will have impact on the course grade. Students may enter class late only if given permission by the instructor and can do so without disrupting the class.(Note that instructors are not obligated to admit late students or may choose to admit them only at specific times and instructors are not obligated to readmit students who leave class.)

Late Submission of Assignments
Late assignments will either not be accepted or will incur a grade penalty unless due to documented serious illness or family emergency. Instructors will make exceptions to this policy for reasons of religious observance or civic obligation, only when the assignment cannot reasonably be completed prior to the due date and the student makes arrangements for late submission with the instructor in advance.

Note that the following policies are in force for all Stern classes:

General Behavior
Students are also expected to maintain and abide by the highest standards of professional conduct and behavior. Please familiarize yourself with Stern's policy on In-Class Behavior & Expectations and the NYU policy on Bullying, Threatening, and other Disruptive Behavior.

Collaboration on Graded Assignments
Students may not work together on graded assignment unless the instructor gives express permission. (See the NYU Stern Code of Conduct)

Recording Classes
At any time, your classes may be recorded for educational purposes.