2004 MBA Admissions Chat with Julia Min
2004 MBA Admissions Chat with Julia Min
Please feel free to let us know if you would like to be informed of future chats by sending e-mail to email@example.com. We would also be interested in knowing if you would prefer a different format or different topics.
Linda Abraham (Oct 8, 2003 8:57:26 PM)
Linda Abraham (Oct 8, 2003 8:57:54 PM)
First I want to welcome you all to Accepted.com's NYU Stern admissions chat.
Linda Abraham (Oct 8, 2003 8:58:04 PM)
I also want to welcome Julia Min, Stern's Director of MBA Admissions; Isser Gallogly, Director Full-Time MBA Admissions; Alejandro Perez, Erin Burns, and Amie Howard, second-year students. BTW, congratulations to all of you on Dr. Engle's winning the Noble Prize in Economics!
Linda Abraham (Oct 8, 2003 8:58:21 PM)
Thanks to everyone for joining.
Linda Abraham (Oct 8, 2003 9:00:01 PM)
I would like to ask Alejandro, Erin, and Amie to tell us a little about their backgrounds, internships if relevant, and post-MBA goals.
jeffb (Oct 8, 2003 9:00:08 PM)
Hi--I'm interested in Langone for Fall 2004. If I submit materials early (December-ish), will they be reviewed early or will all Fall Part-time applications be held until May 15?
Marc (Oct 8, 2003 9:00:11 PM)
How does Stern view reapplicants for PT and FT?
JuliaMinNYU (Oct 8, 2003 9:00:39 PM)
Jeffb, you can submit your application any time for the fall part-time program.
ErinBurnsNYU (Oct 8, 2003 9:00:59 PM)
This is Erin. I'm a 2nd year student. My background is in supply chain management consulting, my internship was in financial services operations, and I am heading back there (most likely, still checking out a few alternatives) next spring. And all, I am also from Boston. Go Sox!
JuliaMinNYU (Oct 8, 2003 9:01:00 PM)
We will start reviewing the fall application for part time in April.
JuliaMinNYU (Oct 8, 2003 9:01:19 PM)
Marc - we view reapplicants in the same way as the rest of the pool. However, the reapplication is different and is shorter. We encourage reapplicants and encourage them to tell the adcom about what they have done in the past year.
AmieHowardNYU (Oct 8, 2003 9:01:25 PM)
Hi, this is Amie. I am a second year student. I have a background in business development and spent my summer at J&J as a brand manager.
AlejandroPerezNYU (Oct 8, 2003 9:02:17 PM)
I am a 2nd year student originally from Caracas, Venezuela. I am a Mechanical Engineer (University of Alabama) and worked previously in the oil industry in construction and environmental management. I worked during the summer at Goldman Sachs in the Global Operations Department and I plan to go back full time to Goldman Sachs.
sn_10 (Oct 8, 2003 9:02:18 PM)
How do you review older students (35 years with 8 years experience)? Do you give more prominence to the work experience instead of GPA?
Linda Abraham (Oct 8, 2003 9:02:30 PM)
Erin, Amie, and Alejandro, could you also please let us know of any groups or activities that you are involved in at NYU?
ErinBurnsNYU (Oct 8, 2003 9:02:57 PM)
sn_10 - I had seven years work experience, so I'm in a similar situation.
JuliaMinNYU (Oct 8, 2003 9:03:04 PM)
sn_10- We look at our application review process holistically. So we are looking for the depth and not necessarily at the length only. We will review your GPA as one part of your application just as work experience is another component.
LA Josh (Oct 8, 2003 9:03:08 PM)
Do you recommend that people apply as early as possible? Are applications from the first round carried over or after the round is closed is the next round evaluated separately?
AmieHowardNYU (Oct 8, 2003 9:03:19 PM)
Amie- co-president of Graduate Marketing Association and member of Media & Entertainment and Stern Women in Business.
AlejandroPerezNYU (Oct 8, 2003 9:03:20 PM)
I was the first year vice-president in the Association of Hispanic and Black Business Students (AHBBS).
Linda Abraham (Oct 8, 2003 9:03:41 PM)
Julia and Isser, what's new at NYU Stern?
ErinBurnsNYU (Oct 8, 2003 9:03:42 PM)
Isn_10 - Work experience, especially leadership experience is valued. As Julia said, however, it's just one part of your application and we look at each candidate as a whole.
Linda Abraham (Oct 8, 2003 9:04:42 PM)
On Stern's brochure it says that admissions decisions go out in mid Feb., but online it says that they go out BY mid Feb. If you apply early will there be advanced notification?
JuliaMinNYU (Oct 8, 2003 9:04:42 PM)
Linda, we are very proud of our new Nobel Laureate, Robert Engle...
al@boston (Oct 8, 2003 9:04:50 PM)
Could you talk a bit more about the "Interdisciplinary Specializations"? Yeah, go Sox, Erin!!
Linda Abraham (Oct 8, 2003 9:05:16 PM)
Yes. Dr. Engle's prize is very NEW. Congratulations again!
JuliaMinNYU (Oct 8, 2003 9:05:21 PM)
Last month, our first year students visited the Met Opera for back stage tour as a part of their case in MO...
ashish (Oct 8, 2003 9:05:35 PM)
Julia: I am interested in knowing the volume of applicants for Fall 2003 (full time) compared with the previous two years. What is the trend?
kathy (Oct 8, 2003 9:05:42 PM)
To the NYU students: Do any of you major in IS? I'd like to hear some first hand experience. If you know any IS majors, that would be great too.
sn_10 (Oct 8, 2003 9:06:12 PM)
I wanted to know more about the specialization "Financial Instruments & Markets." Does it have to do with trading and commodities markets?
JuliaMinNYU (Oct 8, 2003 9:06:34 PM)
Ashish, the volume for our fall 2003 did correct from the huge increase in fall 2002. It seems that the numbers are not as high this year as last year for applications.
ErinBurnsNYU (Oct 8, 2003 9:06:35 PM)
LA Josh - We use the same criteria to evaluate candidates throughout the process, so applying early does not necessarily help you. However, if you are looking for financial aid, or if you are invited to interview and cannot make it to NY, you have to apply by Dec 1 to request a local interview. Also, you need to apply by round II if you want to hear in time to attend our admitted student's weekend in the spring - it's a lot of fun and a great way to get to know the school!
akhan (Oct 8, 2003 9:07:34 PM)
Julia is there a minimum GMAT score required? What was the range of the scores of the last admitted class?
AlejandroPerezNYU (Oct 8, 2003 9:07:39 PM)
Financial Instruments & Markets does have to do with Sales and Trading. Classes range from Debt instruments and Equity instruments to Portfolio Management.
LA Josh (Oct 8, 2003 9:07:48 PM)
JuliaMinNYU (Oct 8, 2003 9:07:50 PM)
Akhan, there is no minimum score required for the GMAT. The GMAT 80% range is 650-750
Linda Abraham (Oct 8, 2003 9:08:09 PM)
What percentage of 2003 grads have jobs at this point? Were there any relatively strong markets for Stern grads this past year?
AmieHowardNYU (Oct 8, 2003 9:08:35 PM)
Kathy, I am not an IS major, but I do know several.
JuliaMinNYU (Oct 8, 2003 9:08:45 PM)
Linda, we are seeing around 80% in placement.
Linda Abraham (Oct 8, 2003 9:08:52 PM)
Linda Abraham (Oct 8, 2003 9:09:06 PM)
Are you seeing more placement in certain industries or functions this year than last?
sn_10 (Oct 8, 2003 9:09:16 PM)
How do you look at multiple GMAT scores? Do you consider the AWA score?
kathy (Oct 8, 2003 9:09:20 PM)
Hi Julia - would you tell us the most recent acceptance rate for Langone?
JuliaMinNYU (Oct 8, 2003 9:09:36 PM)
sn_10, we always look at the highest score and we do strongly evaluate the AWA so take your time in doing that part.
kathy (Oct 8, 2003 9:09:42 PM)
Amie: Is there a way I can contact them?
ErinBurnsNYU (Oct 8, 2003 9:10:34 PM)
al: we have a bunch of inter. specs, which are academic concentrations that stretch across multiple areas. Examples are digital economy, entertainment media & technology, entrepreneurship, global business, law and business
akhan (Oct 8, 2003 9:10:48 PM)
Julia, do you have a quota for international students?
JuliaMinNYU (Oct 8, 2003 9:10:49 PM)
Kathy, the acceptance rate is around 40% for the part time program.
AmieHowardNYU (Oct 8, 2003 9:11:00 PM)
Kathy, the best would be if you email: firstname.lastname@example.org and request contact information for IS majors.
JuliaMinNYU (Oct 8, 2003 9:11:02 PM)
Akhan, we do not have a quota for international students.
ashish (Oct 8, 2003 9:11:08 PM)
Julia: Thanks. Businessweek online says 4,039 (22% selectivity) in 2001 versus 4,962 (15%) in 2002. So what you are saying is that 2003 is closer to 2001? Is so, did the selectivity remain at the same level as 2001?
kathy (Oct 8, 2003 9:11:09 PM)
Linda Abraham (Oct 8, 2003 9:11:46 PM)
Amie, Alejandro, and Erin, what do you like best at Stern? What would you like to see improved?
kathy (Oct 8, 2003 9:11:51 PM)
Amie: great! Thanks!
JuliaMinNYU (Oct 8, 2003 9:12:06 PM)
Ashish, the application number for 2003 is closer to 2001. The selectivity did increase to around 18%.
AlejandroPerezNYU (Oct 8, 2003 9:12:31 PM)
Linda, the financial services industry hires a good number of the students at Stern. We also have placements in consulting (which have considerably decreased in the last few years due to the economic conditions). We are seeing an increasing number of placements in the pharmaceutical and other conventional industries.
ErinBurnsNYU (Oct 8, 2003 9:12:41 PM)
Linda - without a doubt it's the people. The Stern community has been closer and more supportive than I'd imagined before coming.
southrain (Oct 8, 2003 9:12:49 PM)
Julia, have you mailed out any admission decisions for Spring 04 Langone?
AmieHowardNYU (Oct 8, 2003 9:12:53 PM)
I like so many things about Stern. I would have to say the people and the collaborative work environment.
JuliaMinNYU (Oct 8, 2003 9:13:10 PM)
Southrain, yes we have started to mail our Spring 04 PT decisions.
ErinBurnsNYU (Oct 8, 2003 9:13:11 PM)
Linda - even in the job search area there is no cut-throat atmosphere. We are all hoping to see each other succeed.
sn_10 (Oct 8, 2003 9:13:14 PM)
I see that your acceptance rate is about 15%. Does that include waiting list?
AlejandroPerezNYU (Oct 8, 2003 9:13:20 PM)
I like being in Manhattan and I am glad I have had a chance to meet a lot of the students here.
Linda Abraham (Oct 8, 2003 9:13:26 PM)
That's wonderful Erin.
ashish (Oct 8, 2003 9:13:32 PM)
JuliaMinNYU (Oct 8, 2003 9:13:32 PM)
sn-10 - the acceptance rate includes everyone.
kathy (Oct 8, 2003 9:13:38 PM)
Got a question for the students: how has Stern MBA program helped your career so far (changing career, getting internships, etc?)
Linda Abraham (Oct 8, 2003 9:13:54 PM)
Has the current job market changed Stern's attitude towards career changers?
ErinBurnsNYU (Oct 8, 2003 9:14:17 PM)
kathy - I am a career switcher, working in the financial services industry this summer, which I had never been exposed to before.
AmieHowardNYU (Oct 8, 2003 9:14:20 PM)
As for improvements, I would love to see the reputation of the marketing department as strong as finance. It is definitely on the rise, and that makes me even more excited to be here.
JuliaMinNYU (Oct 8, 2003 9:14:30 PM)
Linda, from the admissions point of view - our attitude has not changed.
Linda Abraham (Oct 8, 2003 9:14:46 PM)
Amie, can you take advantage of proximity to Madison Avenue, much like finance people take advantage of Wall St.?
AlejandroPerezNYU (Oct 8, 2003 9:14:52 PM)
Kathy - for me, it has helped me switch from the construction industry into the financial services industry. The classes that I have taken and the people that I have met have given me a great insight to financial services and helped me get my internship.
al@boston (Oct 8, 2003 9:15:04 PM)
Julia and Erin: I went to an information session today and learned that Stern will be adding new concentrations. What are some of the new ones?
JuliaMinNYU (Oct 8, 2003 9:15:16 PM)
We always look for focused folks who will do well in career changes or in transitions.
ErinBurnsNYU (Oct 8, 2003 9:15:40 PM)
kathy - the classes were good preparation for the basics, but the speakers, panels, information sessions and conferences really helped me get up to speed on current trends, issues and concerns which helped me to sound like a strong candidate on my interviews. I think that's what really clinched it for me.
sn_10 (Oct 8, 2003 9:15:43 PM)
How do you consider US citizens with international undergrad degrees? Are they compared to domestic students or international students?
AmieHowardNYU (Oct 8, 2003 9:16:20 PM)
The proximity to marketing companies in the city is very important to me. In fact, in my Brand Planning class we are utilizing this benefit by working with local companies.
Marc (Oct 8, 2003 9:16:33 PM)
What has been the acceptance rate for Langone program Spring semester?
sn_10 (Oct 8, 2003 9:16:39 PM)
Do you consider the GPA of graduate degrees?
JuliaMinNYU (Oct 8, 2003 9:17:06 PM)
sn_10 - we evaluate all applicants equally.
ashish (Oct 8, 2003 9:17:20 PM)
Amy/Alejandro: Did you get into NYU knowing beforehand about the career switch into the financial services industry, or did the transition occur while you were exposed to new ideas in school?
ErinBurnsNYU (Oct 8, 2003 9:17:21 PM)
al: There are 4 new concentrations which were added recently: Customer Relationship Management, Product Management, Strategy, and Corporate Finance...
AmieHowardNYU (Oct 8, 2003 9:17:26 PM)
The Stern MBA definitely prepared me for my summer internship.
JuliaMinNYU (Oct 8, 2003 9:17:47 PM)
There is no separate comparison from domestic to international - we will look at your undergrad institution and your performance...rather than your nationality.
AmieHowardNYU (Oct 8, 2003 9:17:56 PM)
ashish, I am actually a marketing major.
ErinBurnsNYU (Oct 8, 2003 9:18:05 PM)
We always offered classes in these areas, but the guided tracks were added based on student requests/interests.
kathy (Oct 8, 2003 9:18:11 PM)
Was Stern's career office helpful in your career change and internships?
southrain (Oct 8, 2003 9:18:14 PM)
Do PhD holders have an advantage in FT and PT application?
JuliaMinNYU (Oct 8, 2003 9:18:19 PM)
Marc, the acceptance rate is similar to fall part time class - around 40%
AlejandroPerezNYU (Oct 8, 2003 9:18:27 PM)
ashish - The transition occurred while I was in school. I originally wanted to work in consulting and found that I could join Goldman Sachs and work in operations as an internal consultant which fit my goals.
JuliaMinNYU (Oct 8, 2003 9:18:35 PM)
sn - we do consider the graduate GPA during our evaluation.
LA Josh (Oct 8, 2003 9:18:47 PM)
How much of a role does the desire to have a class of diverse professional backgrounds play?
AmieHowardNYU (Oct 8, 2003 9:19:03 PM)
Kathy, the career office was integral in helping me find a summer internship. I interviewed on campus.
JuliaMinNYU (Oct 8, 2003 9:19:15 PM)
Southtrain - there is no special advantage or disadvantage to holding a PhD or any other graduate degree. Our process is very holistic where we look at all components of your application.
al@boston (Oct 8, 2003 9:19:32 PM)
ErinBurnsNYU (Oct 8, 2003 9:19:33 PM)
Kathy - we rely on our career development folks so much. Last year, the students voted the head of OCD as our administrator of the year. All those people are fabulous.
Linda Abraham (Oct 8, 2003 9:20:05 PM)
Is there an advantage to applying in different rounds? Do you accept more people first round than second, second than third?
JuliaMinNYU (Oct 8, 2003 9:20:17 PM)
LA josh - we do value diversity in every factor including the professional background. But as I mentioned, it is one component of your application.
AlejandroPerezNYU (Oct 8, 2003 9:20:36 PM)
LA Josh - We had five people in my study group during my first year. One person was a TV Producer, another one a management consultant, an investment banker, a consultant for the government and myself with a construction background. It was very diverse and we had a lot of fun while we learned a lot from each other.
AmieHowardNYU (Oct 8, 2003 9:20:50 PM)
From a students point of view, Stern is very diverse which adds tremendously to both the classroom and social experiences.
jeffb (Oct 8, 2003 9:21:04 PM)
The recent WSJ rankings commented on Finance outshining all other specializations--is anything being done to bolster awareness of the others, especially marketing?
LA Josh (Oct 8, 2003 9:21:19 PM)
Thanks again, this has been really informative.
kathy (Oct 8, 2003 9:21:27 PM)
Thanks Erin, Alejandro, and Amie.
JuliaMinNYU (Oct 8, 2003 9:21:27 PM)
Linda, there is no advantage in the admissions process but we do have special consideration for the Dec 1 - which is for scholarship consideration and off site interviews. If they apply by Jan. 15 deadline, they can be admitted in time to attend our admitted student weekend.
al@boston (Oct 8, 2003 9:21:40 PM)
NYU students: Is anyone involved with the Stern Consulting Corps? If so, could you share your experience?
sn_10 (Oct 8, 2003 9:21:47 PM)
What is your interview process? Is it with a student or admission staff?
ErinBurnsNYU (Oct 8, 2003 9:22:05 PM)
al - I worked in the Stern Consulting Corps last year...I worked in the branch which is the Harlem Small Business initiative. I worked with a team from Booz Allen Hamilton and the National Association of Black MBAs. The HSBI was formed to help small businesses gain access to consulting services that they could not afford otherwise so that they can compete against the large companies moving into the neighborhood. It was a great opportunity to help out, while learning from some amazing people who were on the team with us.
AlejandroPerezNYU (Oct 8, 2003 9:22:41 PM)
sn_10 - The interview process at Stern is by invitation only and it can be conducted by a student or a member of the admissions staff.
AmieHowardNYU (Oct 8, 2003 9:22:52 PM)
Jeffb, marketing is definitely on the rise at Stern. Deputy Deam Winer joined us last year, and he has brought many great ideas.
Linda Abraham (Oct 8, 2003 9:23:08 PM)
Is it a blind interview Erin? Or does the interviewer have access to the application?
JuliaMinNYU (Oct 8, 2003 9:23:42 PM)
Linda, the interview is not blind and the interviewer will have reviewed the application before the interview...so do review your application before your interview.
Linda Abraham (Oct 8, 2003 9:23:57 PM)
Amie, what is Dean Winer doing differently?
Linda Abraham (Oct 8, 2003 9:24:09 PM)
Linda Abraham (Oct 8, 2003 9:24:45 PM)
What is a common mistake applicants make in their applications?
jeffb (Oct 8, 2003 9:25:02 PM)
Do you interview Part-Time applicants?
sn_10 (Oct 8, 2003 9:25:09 PM)
Have any students been admitted in the past year with low GMAT or GPA but with great work experience? Do you have any cutoffs for the numbers?
JuliaMinNYU (Oct 8, 2003 9:25:34 PM)
Linda, many of the applicants try to tell us what they think adcom wants to hear...we want applicants to be honest about who they are and what they want to accomplish, especially professionally and also what they will achieve here at Stern.
ErinBurnsNYU (Oct 8, 2003 9:26:05 PM)
jeffb - For part time, you may be offered admission without an interview, but the committee may also invite you to interview for further clarification on some part of your
Linda Abraham (Oct 8, 2003 9:26:11 PM)
It's easier to guess what you want to hear than think hard about who they are and what they want to accomplish.
al@boston (Oct 8, 2003 9:26:31 PM)
Thanks, Erin. By the way, where can I get more information on Stern Consulting Corps?
JuliaMinNYU (Oct 8, 2003 9:26:41 PM)
jeffb - we do interview PT students - again by invitation.
JuliaMinNYU (Oct 8, 2003 9:27:06 PM)
sn_10 -there is no cutoff for our GMAT or GPA.
Linda Abraham (Oct 8, 2003 9:27:12 PM)
Julia, what is the role of students in the admissions process?
ErinBurnsNYU (Oct 8, 2003 9:27:20 PM)
al - send an email to email@example.com. We will forward you further details on the program.
Wacky (Oct 8, 2003 9:27:22 PM)
Hi! I recently heard about Stern moving from Majors to Specialization. How are these two different?
AmieHowardNYU (Oct 8, 2003 9:27:39 PM)
Linda, I can speak mostly from a student perspective and my involvement in the GMAT. Dean Winer has been helping to attract fabulous adjunct faculty. He's also been integral in our club events.
akhan (Oct 8, 2003 9:27:45 PM)
If a person is rejected for full time, can he or she apply for the part time program?
ErinBurnsNYU (Oct 8, 2003 9:27:45 PM)
al - by the way, the Sox are up by 2!
JuliaMinNYU (Oct 8, 2003 9:27:54 PM)
We do look at the entire profile of the applicant and so we do not just look at the statistics.
LA Josh (Oct 8, 2003 9:27:57 PM)
Could you shed some light on the Entertainment, Media and Technology Initiative?
AlejandroPerezNYU (Oct 8, 2003 9:28:09 PM)
Wacky - Majors require 12 credits while specializations only require 9 credits. Also, you do not need to list a specialization if you don't want and you will end up with an MBA in general management.
JuliaMinNYU (Oct 8, 2003 9:28:10 PM)
Linda, our students at Stern a big role in our admissions process. They are our ambassadors talking to our prospects and also applicants about their experiences. Our students also plan our events such as our admitted student weekend.
ErinBurnsNYU (Oct 8, 2003 9:29:00 PM)
akhan - you are eligible to apply for the next deadline. You cannot have two active applications however.
AmieHowardNYU (Oct 8, 2003 9:29:26 PM)
LA Josh, I am taking an EMT (Business of Music and Film) class this semester, which I think is fascinating. Do you have a specific question about the initiative?
kathy (Oct 8, 2003 9:29:28 PM)
Julia: Among the Langone applicants, what's the percentage of people who got admitted without interviews?
al@boston (Oct 8, 2003 9:29:31 PM)
Thanks, Erin. Sorry yankee fans... =)
JuliaMinNYU (Oct 8, 2003 9:30:12 PM)
Kathy - majority of our PT applicants are admitted without an interview.
ashish (Oct 8, 2003 9:30:20 PM)
Julia, I applied for Fall 2002 and am submitting a fresh application for Fall 2004. I would like to explain to the adcom what has changed since my last application. Is it alright to discuss this in the "additional information" essay/section of the application?
JuliaMinNYU (Oct 8, 2003 9:30:45 PM)
Ashish, that sounds like a great idea.
leisman77 (Oct 8, 2003 9:30:45 PM)
For required 1st year classes, is it a good decision to place out of as many classes as you can with your proficiency tests? Will this interrupt any first year connections one might develop?
kathy (Oct 8, 2003 9:30:47 PM)
sn_10 (Oct 8, 2003 9:31:13 PM)
How do you evaluate if I have enough quant skills for the program if my undergrad degree is about 13 years old?
Wacky (Oct 8, 2003 9:31:18 PM)
ErinBurnsNYU (Oct 8, 2003 9:31:37 PM)
leisman77 - I've heard of people making different decisions here, but my opinion is that it's best to place out of as much as possible. You have two short years to complete your MBA and a huge variety of courses to choose from, so there's no point in repeating material you know. There are plenty of opportunities to meet and network with classmates outside of the classroom at social events and through clubs.
RalphBrooks (Oct 8, 2003 9:31:39 PM)
Julia/Isser : How does the EMT (Entertainment, Media, and Technology) Initiative help NYU Stern to differentiate itself from other MBA programs with a Media/Communications focus? Does the school carry statistics on students who choose this initiative who end up in careers outside of media?
IsserGalloglyNYU (Oct 8, 2003 9:32:14 PM)
sn10 - We look at a number of factors. What you do in you current career, the Quant score on your GMAT, as well as your transcripts.
LA Josh (Oct 8, 2003 9:32:22 PM)
Amie: Being in New York, arguably the media capital of the world, do you feel you have a similar interaction with that industry that finance people might have with wall street, for example. Thanks.
AlejandroPerezNYU (Oct 8, 2003 9:33:25 PM)
sn_10 - I had 8 years of experience when I applied and I decided to take accounting, micro and macroeconomics at a community college before I applied. I think it was very helpful for my application and also diving into the courses last year.
akhan (Oct 8, 2003 9:33:37 PM)
Julia, if a person is rejected for full time, can he or she apply for the part time program?
sn_10 (Oct 8, 2003 9:33:56 PM)
How do you evaluate recommendations?
JuliaMinNYU (Oct 8, 2003 9:34:18 PM)
Ralphbrooks, we are able to offer a wide variety of courses and are able to bring in people from the EMT world into our classroom. We had the CFO of Universal Pictures come to teach a class and we have many visiting speakers who come to our classes. We also are in NYC, where it is the center of media and entertainment, so you can definitely network - every day if you want to.
AmieHowardNYU (Oct 8, 2003 9:34:53 PM)
LA Josh, absolutely! I just have to hop on a subway, and I can conduct informational interviews. Being in NYC also helps to bring in companies for on campus events.
IsserGalloglyNYU (Oct 8, 2003 9:35:09 PM)
akhan-You are allowed to apply to the PT program, you are just not allowed to apply to two programs within the same year.
Wacky (Oct 8, 2003 9:35:31 PM)
Do you have any minimum score for the Quantitative and verbal scores on the GMAT?
ErinBurnsNYU (Oct 8, 2003 9:35:59 PM)
sn_10 - we use those for two reasons. (1) to evaluate your work experience in terms of successes and responsibilities you were given. We also look at them to get a more complete picture of you as a person and any leadership and managerial skills that you have. We do ask that at least one recommendation be from a direct manager.
IsserGalloglyNYU (Oct 8, 2003 9:36:11 PM)
sn10-Recommendations are an important part of your application. We would like one of your recommendations to come from your current supervisor. Your current supervisor is in the best place to provide insight to you as a business professional leader.
AlejandroPerezNYU (Oct 8, 2003 9:36:19 PM)
Ashish - Yes. We have had many leaders from corporate America visiting our various classes or attending special events. For example, the CEO of UPS, the CFO of Pfizer, the former CEO of American Express, and the former CFO of Lehman Brothers among others.
Marc (Oct 8, 2003 9:36:22 PM)
Does Stern allow transfer of courses similar to ones taught at Stern for transfer credits?
ashish (Oct 8, 2003 9:37:01 PM)
That sounds wonderful, that such prominent people come to class. Definitely sounds like a great asset to have, location!
RalphBrooks (Oct 8, 2003 9:37:05 PM)
JuliaMinNYU (Oct 8, 2003 9:37:07 PM)
Marc - we do not accept transfer of credits/courses - because it is an integrated curriculum.
southrain (Oct 8, 2003 9:37:12 PM)
Julia, are there many waiting listers for Spring 04 Langone, as in Fall 03 Langone process?
ErinBurnsNYU (Oct 8, 2003 9:37:34 PM)
Wacky - we have no minimum requirements. As Julia has mentioned, we look at each application thoroughly, evaluating the entire candidate. There is no one point which makes or breaks a candidate.
IsserGalloglyNYU (Oct 8, 2003 9:37:36 PM)
sn10-we are looking for people who can provide true insight into your character and potential. It is always a good idea to choose your recommenders carefully. Also, you should brief and prep them to help you tell your story. Provide them with your resume, essay one, talk with them about your goals and educate them on the school.
JuliaMinNYU (Oct 8, 2003 9:37:55 PM)
southrain, we do not know how many we will have on our waitlist -it depends every year and cycle on the pool.
leisman77 (Oct 8, 2003 9:37:58 PM)
If you have an above average GMAT with a somewhat low quant score, would having a technical career/major mitigate this, or exacerbate this? I've heard both.
Sean H (Oct 8, 2003 9:38:14 PM)
I work for my family business and my direct manager is my father. How do you recommend I handle my recommendations?
southrain (Oct 8, 2003 9:38:16 PM)
IsserGalloglyNYU (Oct 8, 2003 9:38:41 PM)
SeanH-Great question, we see this in many applicants. What we really want is someone who can comment on your business skills objectively. For example, a vendor, a client, a supplier, a financer.
sn_10 (Oct 8, 2003 9:38:48 PM)
In your third essay you say "You may use any method to convey your message: words, illustrations, etc" what does this mean? Will you give more prominence to an illustration as opposed to prose?
Wacky (Oct 8, 2003 9:38:51 PM)
ErinBurnsNYU (Oct 8, 2003 9:39:11 PM)
leisman77 - If you have an area that you think may be a weakness, I would recommend using your essays to strengthen that point. Yes, having technical, quantitative and/or analytical experience....will help here, and the admissions officer will certainly look at that, but it does not hurt to underscore your strengths in these areas yourself.
JuliaMinNYU (Oct 8, 2003 9:39:43 PM)
sn_10 - we have many creative folks out there so we want them to show who they are through this essay. You can write an essay, write a poem/ song or even bake a pie. It is really up to the applicant to show who they are and what they are passionate about - Stern wants to get to know you.
Sean H (Oct 8, 2003 9:39:56 PM)
Should I indicate somewhere (other than the resume, I guess) why there is no direct manager recommendation?
AlejandroPerezNYU (Oct 8, 2003 9:40:02 PM)
Sean H - The newest student club at Stern is FENTA (Family Enterprises Association) and it involves a lot of work with students interested in going back to work in their family businesses or going to work for a family business. FYI.
IsserGalloglyNYU (Oct 8, 2003 9:40:15 PM)
Sean-also, please explain in Essay 4 why your direct supervisor is not providing the essay. Just a couple sentences is fine in your case.
ashish (Oct 8, 2003 9:40:39 PM)
Sean: I work in sales, and interact more with customers. I actually had a client give me a letter, since we have worked on successful projects together.
Sean H (Oct 8, 2003 9:40:49 PM)
Thank you for the advice.
Linda Abraham (Oct 8, 2003 9:41:29 PM)
How about applicants who already have an MBA will you consider? Does it matter if the earlier MBA is from US school or from a program abroad?
akhan (Oct 8, 2003 9:41:35 PM)
Is NYU connected very well to the VC community?
sn_10 (Oct 8, 2003 9:41:41 PM)
Have you seen anything in an application which causes you to immediately reject it?
ErinBurnsNYU (Oct 8, 2003 9:42:20 PM)
Linda - They cannot have an MBA from a US school, but we will consider students with MBAs from certain international schools.
Linda Abraham (Oct 8, 2003 9:42:45 PM)
Like Indian schools providing a 4th year of post-secondary education?
LA Josh (Oct 8, 2003 9:42:51 PM)
What undergrad institutions are most represented at Stern?
AlejandroPerezNYU (Oct 8, 2003 9:42:52 PM)
Akhan - Yes, I am taking a class called Entrepreneurial Finance that invites many VC's for discussion. Furthermore, we have the business plan competition every year. The business plan competition involves a final presentation to VC's and other members of the community. It provides great exposure and it also provides an $80,000 prize... Not bad right.
ErinBurnsNYU (Oct 8, 2003 9:43:20 PM)
Linda - yes, they would be eligible to apply.
IsserGalloglyNYU (Oct 8, 2003 9:43:25 PM)
sn10- Every applicant puts a lot of time and effort into their application. Our process is holistic and we carefully review each and every application in its entirety. We do not take any shortcuts in reviewing applications. So there is nothing that would cause us to reject an application immediately.
Wacky (Oct 8, 2003 9:43:26 PM)
Julia- How do you perceive an application where in a person has been unemployed...say an international like me who got married and came here. But was involved in volunteer work and not full time work.
akhan (Oct 8, 2003 9:43:43 PM)
Linda Abraham (Oct 8, 2003 9:43:59 PM)
Not bad at all!
JuliaMinNYU (Oct 8, 2003 9:44:01 PM)
Wacky, we want to hear about what you have been doing. So including your volunteer work and other paid/non-paid projects would be great to include in your application.
akhan (Oct 8, 2003 9:44:13 PM)
Are they mostly technology VCs or other fields too?
sn_10 (Oct 8, 2003 9:44:21 PM)
Thank you - you have been most helpful.
AmieHowardNYU (Oct 8, 2003 9:44:24 PM)
LA Josh, there is no one dominant undergrad institution. We have a tremendous diversity there.
AlejandroPerezNYU (Oct 8, 2003 9:44:40 PM)
ackhan - Many fields including technology, biotech, and consumer products...
akhan (Oct 8, 2003 9:44:50 PM)
Linda Abraham (Oct 8, 2003 9:45:08 PM)
How do you view reapplicants who have had a significant shift in their goal?
sn_10 (Oct 8, 2003 9:45:16 PM)
How many students admitted last year were above 35 years of age? Ballpark estimate?
Wacky (Oct 8, 2003 9:45:56 PM)
Thanks Julia - but the problem is that without a work permit it has been really difficult to get into any kind of projects, just the volunteer work. But yes I get the point. Thanks again.
JuliaMinNYU (Oct 8, 2003 9:46:25 PM)
sn_10 - I do not have the exact figures but I would think around 1%.
akhan (Oct 8, 2003 9:46:28 PM)
Have any students in the past gone from graduating to working directly in the VC community?
IsserGalloglyNYU (Oct 8, 2003 9:46:28 PM)
Linda-We do see some re-applicants who do have a shift in focus. The important thing is that they provide an honest and compelling case for what their current goals are in Essay 1. A lot can happen in a year of life. The important thing is that the story makes sense and the person has a clear direction that is based in their passions and experiences.
ashish (Oct 8, 2003 9:46:33 PM)
Is there anything outside of the application that a prospective applicant can do, to express interest in the MBA program? How does the adcom gauge the level of enthusiasm of an applicant other than an evaluative interview by invitation only?
Sean H (Oct 8, 2003 9:47:38 PM)
Does it behoove a candidate to explain a period during undergrad where GPA wasn't stellar or is it best not to call further attention to that aspect of the application?
AlejandroPerezNYU (Oct 8, 2003 9:48:06 PM)
Ashish - I strongly recommend visiting the school (if you can). Visiting Stern before applying, sealed the deal for me.
JuliaMinNYU (Oct 8, 2003 9:48:06 PM)
Seah H - yes ,we have our essay 4 where we would like to see such an explanation.
ErinBurnsNYU (Oct 8, 2003 9:48:09 PM)
ashish - You should attend events in your local area, seek out Stern alumni, visit the school and attend a class, and keep the admissions committee updated with any changes in your status while your application is in progress. Getting to know the program very well will also help you in your essays and, if you are invited to interview, make your interview go much smoother.
kathy (Oct 8, 2003 9:48:15 PM)
Julia: For re-applicants, how long do you keep past applications in the Langone program?
JuliaMinNYU (Oct 8, 2003 9:48:37 PM)
Kathy - in general - for about 2 years.
AlejandroPerezNYU (Oct 8, 2003 9:48:59 PM)
akhan - I believe so. I also know that some students worked in the VC community during the summer and we also have opportunities part-time this year.
Sean H (Oct 8, 2003 9:49:07 PM)
leisman77 (Oct 8, 2003 9:49:12 PM)
For essays, how annoyed do you get when people take, let's say a "liberal", use of margins to fit in your 2 page max requirement.
Marc (Oct 8, 2003 9:49:25 PM)
Stern doesn't allow part-timers to sit for on campus interviews. Why does Stern have this policy when the fee is same for both FT and PT and for career changers availing the career services for interning etc is a great help?
ashish (Oct 8, 2003 9:49:36 PM)
Alejandro: Did you meet with anyone with the admissions committee when you were visiting school? If so, how did you go about it?
kathy (Oct 8, 2003 9:49:37 PM)
Linda Abraham (Oct 8, 2003 9:50:25 PM)
Could someone comment on the international aspect of Stern's program? And here I'm talking more about study abroad and global business than the international diversity of the class.
ashish (Oct 8, 2003 9:50:32 PM)
Erin: can you expound on 'changes in status'?
JuliaMinNYU (Oct 8, 2003 9:50:34 PM)
Marc, we offer great career development programs for our PT students who are working professionals to suite their needs which are very different from our full time students. Our new office, Career Center for Working Professionals, holds counseling sessions, networking sessions and panels just to name a few. They also work with recruiters who are looking for people who are working currently.
AlejandroPerezNYU (Oct 8, 2003 9:50:44 PM)
ashish - I did not meet with anyone from the admissions committee. However, I had a chance to meet various students who were very helpful during my application process and my first year of studies.
Wacky (Oct 8, 2003 9:50:44 PM)
While considering GMAT do you evaluate the score of an international applicant vis--vis the same international pool?
IsserGalloglyNYU (Oct 8, 2003 9:50:45 PM)
L77-We prefer that applicants stay within the space limits we provide in general, but there are times when you do need a little extra space. If you are a little bit over and its for a good reason, we take that into consideration. Typically, if an applicant really works on their essay and has a clear focus, it is not that hard to meet the limits provided.
ashish (Oct 8, 2003 9:51:49 PM)
Alejandro: That is great. I guess that is why there are online chats!
AmieHowardNYU (Oct 8, 2003 9:51:56 PM)
About 40 students from Stern study abroad each year. I have close friends this semester in Paris and Barcelona.
ErinBurnsNYU (Oct 8, 2003 9:52:07 PM)
ashish - for example, if you've gotten a promotion or changed roles at work, we'd love to hear about your advancement. Also, if you've taken any classes or gotten involved in new activities, let us know.
Linda Abraham (Oct 8, 2003 9:52:17 PM)
Amie, are they taking classes abroad or working on consulting projects?
AlejandroPerezNYU (Oct 8, 2003 9:52:27 PM)
sn_10 - We have a class where a group of students manage a portfolio of stocks with real funds.
IsserGalloglyNYU (Oct 8, 2003 9:53:08 PM)
Wacky-We look at the entire applicant pool, it is not done separately for domestic or international.
AmieHowardNYU (Oct 8, 2003 9:53:09 PM)
Most of the students I know are taking classes abroad. We also have students from abroad at Stern.
sn_10 (Oct 8, 2003 9:53:24 PM)
Alejandro, is that class very selective or any student can enroll?
JuliaMinNYU (Oct 8, 2003 9:53:33 PM)
Julia - you can look on our website: www.stern.nyu.edu/mba/admissions to get the details of the application process.
ErinBurnsNYU (Oct 8, 2003 9:53:40 PM)
sn_10 - We've got a few programs that let students get real life experience while at Stern. One example is the Michael Price fund, where students are managing a real portfolio of investments. This actually runs across multiple semesters so that they can get greater exposure to market trends. Another is the Stern Consulting Corps which I was telling Al about above. Stern students help out with small businesses and not for profits in the local community with mentors who are established field consultants.
Wacky (Oct 8, 2003 9:53:51 PM)
RalphBrooks (Oct 8, 2003 9:53:55 PM)
Erin, Amie, Alejandro: If there was one thing that you could have done differently in your applications process to NYU Stern, what would it have been?
AlejandroPerezNYU (Oct 8, 2003 9:54:07 PM)
sn_10 - You have to go through an application process. I do not know the details of it but I know a few folks that enjoyed the class.
ashish (Oct 8, 2003 9:54:38 PM)
Thanks Erin for your insight.
IsserGalloglyNYU (Oct 8, 2003 9:54:47 PM)
Wacky- Best of luck taking the GMAT!
Wacky (Oct 8, 2003 9:55:01 PM)
How are the placements for the students who want to have a career in the Media & Entertainment industry?
AlejandroPerezNYU (Oct 8, 2003 9:55:09 PM)
RalphBrooks - I don't think I would change anything I did.
Wacky (Oct 8, 2003 9:55:31 PM)
You guessed that Isser. Thanks!
AmieHowardNYU (Oct 8, 2003 9:55:40 PM)
RalphBrooks, I would have visited earlier. I think meeting the folks here brings to life everything you read and hear.
JuliaMinNYU (Oct 8, 2003 9:55:58 PM)
Wacky, this is a non traditional industry for placement nevertheless our students are being placed in companies such as Viacom, TimeWarner and MTV to name a few.
ErinBurnsNYU (Oct 8, 2003 9:56:27 PM)
RalphBrooks - I wouldn't change much, but I did talk to a lot of students before coming and that's something I was glad I had done and would recommend.
Linda Abraham (Oct 8, 2003 9:57:14 PM)
I understand that healthcare broadly and pharmaceutical in particular have been hiring. What does Stern have for students with healthcare/biotech interests?
AlejandroPerezNYU (Oct 8, 2003 9:57:31 PM)
RalphBrooks - I was very honest in my essays and I am glad I did that.
AmieHowardNYU (Oct 8, 2003 9:57:31 PM)
I worked at Johnson and Johnson this summer.
Linda Abraham (Oct 8, 2003 9:57:54 PM)
Thank you all for your time. Please submit your last questions so that we can close up.
IsserGalloglyNYU (Oct 8, 2003 9:57:58 PM)
Ralph-Being a former MBA myself, the most important thing you can do is really get to know the schools. It makes such a difference to find that perfect fit. Its an investment not for two years, but for life. The people you take classes with become life long friends and your career network for life. Choose people that you want in that network.
leisman77 (Oct 8, 2003 9:58:03 PM)
The stats mentioned on your website (GMAT/GPA); are they for the enrolled class, or are they for accepted applicants in general?
RalphBrooks (Oct 8, 2003 9:58:05 PM)
Erin, Amie, and Alejandro: Thanks for your insight.
Wacky (Oct 8, 2003 9:58:10 PM)
Thanks Julia...Can I have access to students in the EMT program?
LA Josh (Oct 8, 2003 9:58:18 PM)
For round 1, it says "decision by Feb 15, 2004." Is the process rolling? How long does it normally take for an application to be reviewed and have the decision announced?
LA Josh (Oct 8, 2003 9:58:23 PM)
Yeah, thanks to everyone for their time.
AmieHowardNYU (Oct 8, 2003 9:58:24 PM)
Other companies that hire on campus include Pfizer, Bayer, Wyeth, and Merck, just to name a few. We also have a strong club focusing on Pharmaceutical.
ErinBurnsNYU (Oct 8, 2003 9:58:33 PM)
leisman77 - They are the stats for enrolled students.
Linda Abraham (Oct 8, 2003 9:58:48 PM)
I know NJ is a big center for pharmaceutical.
IsserGalloglyNYU (Oct 8, 2003 9:59:32 PM)
LA-Its rolling admissions, so the last possible date you will get notification is 2/15. Notification is either an invite to interview, wait list or denial of admission...
Wacky (Oct 8, 2003 9:59:33 PM)
Thanks to everyone. Have a Good Night!
AmieHowardNYU (Oct 8, 2003 9:59:40 PM)
NJ is definitely a concentrated pharmaceutical area. Being in NYC offers many opportunities for making contact with these companies.-
ErinBurnsNYU (Oct 8, 2003 9:59:54 PM)
Wacky - if you send an email to firstname.lastname@example.org we can get you in touch with some folks in EMT. One of the student recruiters who answers that mailbox is in the program.
AlejandroPerezNYU (Oct 8, 2003 10:00:27 PM)
Good Night everybody. I hope this helps! Good Luck!
Marc (Oct 8, 2003 10:00:30 PM)
Does Stern provide waiver for courses already studied to take other electives?
AmieHowardNYU (Oct 8, 2003 10:00:32 PM)
Good night and good luck!
ErinBurnsNYU (Oct 8, 2003 10:00:32 PM)
Good night all, and best of luck with your applications!
Linda Abraham (Oct 8, 2003 10:00:38 PM)
Thank you again all for participating this evening. Special thanks to Julia, Isser, Alejandro, Erin, and Amie for joining us this evening.
JuliaMinNYU (Oct 8, 2003 10:00:46 PM)
Thank you everyone for joining us - good luck and we look forward to receiving your application. Have fun with it.
Linda Abraham (Oct 8, 2003 10:00:47 PM)
We look forward to seeing you at future chats. Here is a list of currently scheduled chats:
Linda Abraham (Oct 8, 2003 10:00:56 PM)
Chicago - Oct. 20 UT - Oct. 27 Cornell - Nov. 3 CMU -- Nov. 11 MIT - Nov. 20
Linda Abraham (Oct 8, 2003 10:01:07 PM)
Please check http://www.accepted.com/chat/schedule.htm#mba for exact times and details.
ashish (Oct 8, 2003 10:01:12 PM)
Thanks Julia, Alejandro, Erin, Amie, Isser
al@boston (Oct 8, 2003 10:01:13 PM)
Thanks everyone! 4-0 Boston, Erin!
ErinBurnsNYU (Oct 8, 2003 10:01:17 PM)
Marc - OK, one last answer... Most of the courses in the core curriculum can be placed out of by taking a proficiency exam.
IsserGalloglyNYU (Oct 8, 2003 10:01:21 PM)
Good night everyone and best of luck with your applications. We look forward to reading them! If you have other questions you can always email our students here at MBAGA@stern.nyu.edu. At Stern the conversation never really ends...
kathy (Oct 8, 2003 10:01:23 PM)
southrain (Oct 8, 2003 10:01:38 PM)
Linda Abraham (Oct 8, 2003 10:01:40 PM)
Have a very good evening! Good luck with your applications!