2005 NYU Stern MBA Admissions Chat with Isser Gallogly

2005 NYU Stern MBA Admissions Chat with Isser Gallogly

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Chat Transcript:

Linda Abraham (Oct 13, 2004 5:09:28 PM)
First I want to welcome you all to Accepted.com's NYU Stern Admissions Chat.  I also want to welcome Isser Gallogly, Director of Admissions, and Steve Nadel, Admissions Coordinator. In addition, the following students from Stern's Asian Business Society are here to answer your questions. I am listing their names and countries of origin:

Taiwan: Jui-Hua (Ethan) Huang Korea: Dong Jin (DJ) Kim China: Liang Xu (Langone 1st year), and Heng Chen Japan: Mac Narahara

Linda Abraham (Oct 13, 2004 5:10:03 PM)
Stern students, could you each tell us a little about yourself? What did you do before coming to NYU and this past summer? What do you want to do after you graduate?

MacNaraharaNYU (Oct 13, 2004 5:10:45 PM)
I worked for the trading company which is an import and export business

IsserGalloglyNYU (Oct 13, 2004 5:11:25 PM)
Hi and welcome to our online chat featuring students from Asia! My name is Isser Gallogly and I am the Director of MBA Admissions here at NYU Stern.

Jui-huaHuangNYU (Oct 13, 2004 5:11:55 PM)
Hi all, I'm Ethan Huang from Taiwan, MBA1 at Stern. Before Stern, I worked for a start-up company providing hi-tech solutions. I was an IT consultant.

Linda Abraham (Oct 13, 2004 5:12:07 PM)
Mac, what do you want to do after your MBA? Did you have an internship over the summer?

Suresh (Oct 13, 2004 5:12:14 PM)
What are the points to be considered by international students before Applying for NYU?

IsserGalloglyNYU (Oct 13, 2004 5:12:35 PM)
Alvin- Just so you know, we will be in Taipei on Nov 16 for our presentation, feel free to join us!

Linda Abraham (Oct 13, 2004 5:12:58 PM)
Ethan, what are you studying at Stern?

DJKimNYU (Oct 13, 2004 5:13:02 PM)
Hi, this is DJ. Before coming to Stern, I worked for a Korean securities company. After graduation, I plan to work in investment banking.

Alvin (Oct 13, 2004 5:13:29 PM)
Thank you for your invitation! I already reserved that opportunity.

IsserGalloglyNYU (Oct 13, 2004 5:14:00 PM)
Hans- we will be in Beijing on Nov 18 for our NYU presentation.

Linda Abraham (Oct 13, 2004 5:14:05 PM)
Isser, If you are looking at an application and the numbers and basic profile is in the ballpark for a Stern student, what distinguishes an application that is accepted from one that is rejected?

MacNaraharaNYU (Oct 13, 2004 5:14:23 PM)
Hi Linda, during the summer I worked for the non-profit organization in NYC which is one of Stern's programs. Actually I am a company sponsored student so I have to go back to my company after the MBA. Oh, sorry. I am Mac Narahara from Japan. I am MBA2, second year student.

Jui-huaHuangNYU (Oct 13, 2004 5:14:28 PM)
Suresh, I think besides all important aspects you may already know from admissions office, the most important one is to differentiate yourself

IsserGalloglyNYU (Oct 13, 2004 5:14:30 PM)
Alvin- That is great! Looking forward to having you meet us!

namarias (Oct 13, 2004 5:14:37 PM)
Hi, this is Sai from India. I have been working for almost a year now with a leading IT company in India. I plan to study in Stern .

Linda Abraham (Oct 13, 2004 5:14:46 PM)
Namarias, do you have any questions?

Hans (Oct 13, 2004 5:14:53 PM)
Thanks, I am going to

IsserGalloglyNYU (Oct 13, 2004 5:15:12 PM)
Linda- We look for three major areas: academics, professional potential and personal characteristics....What we want to see is that people excel in all those areas....What sets some folks apart is their preparation and research on their future career, MBA, Stern and their passion for our program.

mike (Oct 13, 2004 5:16:21 PM)
What does NYU look for in personal characteristics?

IsserGalloglyNYU (Oct 13, 2004 5:16:22 PM)
Hans - Great to hear it!

Linda Abraham (Oct 13, 2004 5:16:25 PM)
Stern students, what do you like best at Stern? What would you like to see improved?

IsserGalloglyNYU (Oct 13, 2004 5:16:46 PM)
Mike - we look for teamwork, leadership, maturity, judgment, passion, interpersonal skills...Ultimately what sets Stern apart is the students, the community...The word I would use is supportive, people all want to succeed, and never at the expense of one another, people who will help you study till 3 am or help you prep for that important job interview.

Jui-huaHuangNYU (Oct 13, 2004 5:17:15 PM)
I love the downtown advantage Stern owns, and the Office of Career Development is really great.

abhi_1612 (Oct 13, 2004 5:17:45 PM)
How do you differentiate a guy with a Potential for Leadership but who might not have had the opportunity to display it, from a guy who has already demonstrated it?

DJKimNYU (Oct 13, 2004 5:19:05 PM)
Linda-the things I like about Stern are the excellent professors that teach here and the 'down-to-earth' students that are friendly and helpful.

IsserGalloglyNYU (Oct 13, 2004 5:19:19 PM)
Abhi-most people have had the chance in their work experience or even school background to demonstrate leadership. Even if you have not had direct reports, most people have led teams and projects.  All leadership experiences are valuable.

Linda Abraham (Oct 13, 2004 5:19:50 PM)
Isser, is there any advice that you have specifically for international applicants?

MacNaraharaNYU (Oct 13, 2004 5:20:01 PM)
People. They are pretty nice. Before I came here, I imagined that people at Stern have their own private life and I would not have a chance to study and hang out with them. But it was totally my misunderstanding. They spend a lot of time to share with me for studying and hanging out. I made so many great friends here.

IsserGalloglyNYU (Oct 13, 2004 5:20:47 PM)
Linda- Sure. For int'l applicants we would suggest applying by 12/1.  This is because the visa process can be long, and it gives priority consideration for our off site interviews, which we do all over the world typically in March.

Nat (Oct 13, 2004 5:21:02 PM)
Hi People, glad to join you. I'm from Japan and look forward to studying at Stern.

abhi_1612 (Oct 13, 2004 5:21:34 PM)
Are people with a 4-5 year experience in IT at a disadvantage if they opt for General Management of Marketing?

Jui-huaHuangNYU (Oct 13, 2004 5:21:42 PM)
Linda-I agree with Mac. Sternies are always willing to help people. I got a lot of advice from MBA2s in terms of job seeking strategies.

IsserGalloglyNYU (Oct 13, 2004 5:22:29 PM)
Linda- The other thing I would tell International applicants is to read our website in the Applying to Stern section, the sub area specifically for International Applicants. It spells out exactly what may be unique for those applying.

Suresh (Oct 13, 2004 5:22:43 PM)
Does continuous work experience in the US help international students?

tk (Oct 13, 2004 5:22:49 PM)
Isser - Hi do you have any specific advice for re-applicants?

IsserGalloglyNYU (Oct 13, 2004 5:22:52 PM)
Abhi- Our average work experience is 4.9 yrs.  We see a number of people who are interested in switching careers. We just look to make sure that you explain your story, why you want to switch, how you plan to make the switch and how the Stern MBA fits into your plan. Please tell us what you expect to do in the process and what you expect from us.  We also have a IDP program that pairs mentors in the desired industry with career switchers.

MacNaraharaNYU (Oct 13, 2004 5:24:02 PM)
Nat. I am Mac from Japan. We will have an admissions presentation in Tokyo on Oct/27. It will be held at Tokyo International Forum. If you have time, you should come. There will not only be people from the Admissions office, but also alumni. It's a good chance to get to know the school.

cecilia (Oct 13, 2004 5:24:11 PM)
Isser: Hi. Can you clarify whether the 4.9 yrs of exp. is referring to full time or part time students?

Jui-huaHuangNYU (Oct 13, 2004 5:24:43 PM)
Suresh- I think yes. But I'm saying so from admissions office's perspective. What I mean is that being familiar with US working environment definitely helps you fit in MBA life soon.

IsserGalloglyNYU (Oct 13, 2004 5:24:54 PM)
tk- re-apps are certainly encouraged, we get around 10% a year.  My best advice is to take a critical look at your application and our profile (think of it as your first b school case).  Identify your opportunities for improvement and be pro-active in addressing them. Re-taking the GMAT for example if you think that its low and you can do better.  Also, please use the essays to say how you are more competitive this time.

Linda Abraham (Oct 13, 2004 5:25:29 PM)
Isser, could you tell us the percentage of re-applicants that was accepted last year at Stern?

sterntop (Oct 13, 2004 5:25:37 PM)
Could you please share some thoughts on what does the Admissions Committee look for when evaluating younger candidates?

namarias (Oct 13, 2004 5:25:51 PM)
What is the broad weightage given to work experience, GMAT scores and GPAs?

Nat (Oct 13, 2004 5:26:46 PM)
Thank you Mac, I have already registered for the event and am really looking forward to it. I'd like to talk to someone studying EMT. I'm working in the movie business.

IsserGalloglyNYU (Oct 13, 2004 5:26:56 PM)
cec- that average is full time, PT is sometimes a bit more.

Linda Abraham (Oct 13, 2004 5:27:11 PM)
Students, why did each of you choose Stern?

IsserGalloglyNYU (Oct 13, 2004 5:28:00 PM)
Linda- we don't track the percent of re-apps accepted.

MacNaraharaNYU (Oct 13, 2004 5:28:13 PM)
Nat, I am also President of the Japan Business Association and Chair of the International Committee here. If you have a specific question, please let me know.

Linda Abraham (Oct 13, 2004 5:28:42 PM)
Isser, one more question about re-apps, can they get feedback regarding weaknesses in their previous application?

IsserGalloglyNYU (Oct 13, 2004 5:28:55 PM)
Sterntop- we look at quantity and quality of work experience.  Work experience clearly can be helpful in your getting more out of classes and being attractive to recruiters, but we see plenty of folks from 1-10 yrs of experience.

Jui-huaHuangNYU (Oct 13, 2004 5:29:12 PM)
Linda- No other school can compete with Stern in terms of the location. The program structure is great, the reputation is great, and the replacement record is fantastic!!!

Linda Abraham (Oct 13, 2004 5:29:33 PM)
Thanks Ethan.

cecilia (Oct 13, 2004 5:29:48 PM)
Mac, what kind of events/activities does JBA have?

MacNaraharaNYU (Oct 13, 2004 5:30:07 PM)
Nat, EMT. I have a couple of friends who specialized in EMT who are not Japanese though. But if you need specific information, I can get it for you.

DJKimNYU (Oct 13, 2004 5:30:15 PM)
Linda-I chose Stern because it has a strong reputation in finance education, and of course, it's in NYC-the financial capital of the world!

IsserGalloglyNYU (Oct 13, 2004 5:30:39 PM)
Nam-We treat each applicant holistically and evaluate all factors. There are no weightings or percentages for different scores.

abhi_1612 (Oct 13, 2004 5:30:46 PM)
I have my schooling from outside the US, how do I convert my grades to a 4 point GPA?

Linda Abraham (Oct 13, 2004 5:31:01 PM)
Should international applicants attempt to convert their percentages or transcripts?

bob (Oct 13, 2004 5:31:34 PM)
Is Stern a finance centric school? Or is that a mis-conception since its located in NY? If so, what other areas is Stern strong in?

SteveNadelNYU (Oct 13, 2004 5:31:39 PM)
Linda- For re-applicants, they are welcome to request feedback. Since the application review process is holistic we provide general guidelines regarding what we are looking for when reviewing the applications and students can use that information to assess the different areas of their application.

Linda Abraham (Oct 13, 2004 5:32:13 PM)
Thanks Steve.

IsserGalloglyNYU (Oct 13, 2004 5:32:24 PM)
Abhi-we see a lot of different scoring systems, do the best to convert your grades, but we are very familiar and trained to evaluate. If you find it too challenging to convert, just leave that blank.

Nat (Oct 13, 2004 5:32:30 PM)
Mac- Thank you, I'll do :-)

MacNaraharaNYU (Oct 13, 2004 5:32:40 PM)
Cecilia, JBA has over 90 members now. Most of them joined our club because they are interested in Japan or Japanese culture. We provide free Japanese tutoring. We are going to have a "lost in Translation" trip to Japan over the spring break. We also have cultural events almost every month - global business conferences, sake-tasting, karaoke night and so on.

Suresh (Oct 13, 2004 5:32:41 PM)
What would be the TOEFL requirement for Indian students? What are the waiver criteria? Is it required for people with over 3 years of US work experience?

cecilia (Oct 13, 2004 5:33:20 PM)
Mac, thanks for the info.

IsserGalloglyNYU (Oct 13, 2004 5:33:22 PM)
Suresh-if you studied undergrad in English you do not have to take the TOEFL. Does that help?

abhi_1612 (Oct 13, 2004 5:33:32 PM)
Thanks Isser, but can you suggest some guidelines how to convert or where to look for that info?

Nat (Oct 13, 2004 5:33:57 PM)
Mac - I'd love to contact your friends in EMT. I'll contact you at the Committee's website.

Suresh (Oct 13, 2004 5:34:05 PM)
Yes! Thanks.

DJKimNYU (Oct 13, 2004 5:34:14 PM)
Bob-all schools have their strengths. Obviously Stern's is in finance education. However, the school also has all-round strength in marketing, media & entertainment and strategy as well. But the courses are highly quantitative.

IsserGalloglyNYU (Oct 13, 2004 5:34:31 PM)
Isser - I know we have Japan, Taiwan, India and China out there - what other countries?

MacNaraharaNYU (Oct 13, 2004 5:34:55 PM)
You can visit the JBA webpage on the Stern website and find out my contact information.

bob (Oct 13, 2004 5:35:07 PM)
Students, why did you choose Stern over other higher ranked NYC schools like Columbia and Cornell?

IsserGalloglyNYU (Oct 13, 2004 5:36:51 PM)
Ahbi-please email me at admchair@stern.nyu.edu and you can have a detailed personal explanation of what is best in your case.

Guest (Oct 13, 2004 5:37:14 PM)
Hello, This is Elaine from China. I just want to know whether Stern will have the information session in China.

Jui-huaHuangNYU (Oct 13, 2004 5:37:29 PM)
Bob- This is about your career and you need to make a wise decision. I'm telling you that Stern is in the heart of the world's capital and you will learn a lot more which you cannot get from other schools. Another thing is that Stern is really close to company recruiters-- think about a bunch of corporate presentations a week.

namarias (Oct 13, 2004 5:37:52 PM)
Are there age limits for admission? For example is 35 years considered too old?

Suresh (Oct 13, 2004 5:38:19 PM)
It seems from the website that Stern offers only General Management with some electives. What is the degree offered and how is specialization achieved?

IsserGalloglyNYU (Oct 13, 2004 5:38:54 PM)
Nam- we do not have age limits for applicants. That level of experience is certainly on the higher side. But we have applicants in that range.

SteveNadelNYU (Oct 13, 2004 5:39:50 PM)
Suresh--Students who graduate from Stern will receive an MBA in General Management with specialization in up to 3 different areas. Specialization is achieved by choosing to take electives in those areas of interest.  What area(s) are you interested in?

Aditya (Oct 13, 2004 5:39:55 PM)
Isser - To Suresh's question, about waiving the TOEFL, would you need a letter or something from the school?

elaine (Oct 13, 2004 5:40:15 PM)
My future plan will focus on Marketing.  I don't know whether Stern has a strong background in other areas in addition to finance - especially in Marketing. Thanks!

Alvin (Oct 13, 2004 5:40:30 PM)
Rank is not the only consideration when choosing which school to apply to. Finding the right one in the field most related to your future plans is more important. For me, I would really love to participate in financial related jobs, so I chose Stern.

Eugene (Oct 13, 2004 5:40:49 PM)
Hi, this is Eugene. Has your impression(s) of Stern changed in any way after actually becoming a student?

IsserGalloglyNYU (Oct 13, 2004 5:41:40 PM)
aditya-If you studied in English undergraduate you are OK. A special letter is not required. If you feel you need to clarify the situation you can simply explain in one sentence in optional essay #4.

MacNaraharaNYU (Oct 13, 2004 5:41:51 PM)
Bob, have you ever visited Stern? Located in the center of the city, you can go any place you want. Even after you study hard you can go to the cafe or restaurant and talk about classes, hobbies, anything else. It's really convenient. For me this kind of environment was best. You can share the time with people all day and even all night.

Jui-huaHuangNYU (Oct 13, 2004 5:41:59 PM)
Eugene- not changed too much. Except that life here is far more busy than I imagined.

Guest (Oct 13, 2004 5:42:45 PM)
Enterprenuership, Finance, Marketing

Jui-huaHuangNYU (Oct 13, 2004 5:43:02 PM)
Eugene- There is schoolwork, parties, and corporate presentations. Overwhelming, exciting, but definitely good for your future.

IsserGalloglyNYU (Oct 13, 2004 5:43:08 PM)
Elaine-a group of our students just won a case competition on Hispanic marketing!

tk (Oct 13, 2004 5:43:59 PM)
This is a slightly administrative question, would you mind telling me how I go about asking for feedback? Also in your essay questions do you want us to distinguish between long and short term career goals? I.E., should we tell you just what we want to do after the MBA?

IsserGalloglyNYU (Oct 13, 2004 5:44:46 PM)
Elaine - we also have a very large Marketing Club called the GMA. Every year they have a large conference with some of the best marketers in NYC. We also have strong relationships with marketing giants like Colgate (who is doing a corporate presentation tonight!), L'Oreal, J&J, American Express etc. Over 17% of our students went into marketing.

navs (Oct 13, 2004 5:45:14 PM)
Hi! my main question is that I am 22 yrs old, but I think I would be a perfect Stern student...how good would my chances be if I apply for class of 2008, considering my academic and GMAT are very good?

MacNaraharaNYU (Oct 13, 2004 5:45:15 PM)
Elaine, now Stern's reputation in marketing is going up and up. We also have a branding project which is led by the Marketing dept. and branding Stern itself. Our Dean Winer is famous in the marketing field and even other schools are using our textbook.

elaine (Oct 13, 2004 5:45:46 PM)
Thanks - Isser, That is super cool.

debrish (Oct 13, 2004 5:45:49 PM)
Within the MBA what are the opportunities for those interested in not-for-profit management?

elaine (Oct 13, 2004 5:46:05 PM)
Thanks, Isser, That's just what I want. Appreciated.

Jui-huaHuangNYU (Oct 13, 2004 5:47:10 PM)
tk- I can answer your second question -- I suggest you think thoroughly about what are your career goals: both short term and long term. It would help you clarify your career path in the process.

IsserGalloglyNYU (Oct 13, 2004 5:47:12 PM)
tk-We look for applicants who are self-aware, savvy and can analyze and improve themselves. So, we do not offer feedback per se. We do suggest self-reflection, talking to others in the field, and other MBAs. Look at our admitted class profile too to give you some sense of the class. It is helpful to specify both ST and LT goals distinctly.

bob (Oct 13, 2004 5:48:10 PM)
Also, does Stern put a slightly higher emphasis on the quant. score in GMAT as compared to the the verbal (assuming its courses are highly quantitative in nature)?

MacNaraharaNYU (Oct 13, 2004 5:48:10 PM)
debrish- I worked for the non-profit organization during this summer. Stern has a program, Stern Consulting Corps. All students can apply for this program and we are assigned to a non-profit organization in Manhattan. And then you will do consulting for them. It was good experience for me.

IsserGalloglyNYU (Oct 13, 2004 5:48:48 PM)
Nav-If I could predict your chances I would be in Las Vegas and wealthy!!! All kidding aside, I always tell people they know themselves the best and are in the best place to assess if they are competitive. If you think you are, the only way to find out is applying. I wish everyone the best of luck!

elaine (Oct 13, 2004 5:49:12 PM)
If I plan to take the GMAT in China in the end of Dec, is it time limited for the application? Thanks!

Suresh (Oct 13, 2004 5:49:19 PM)
Steve, can you please elaborate on what a GM major means?

debrish (Oct 13, 2004 5:49:24 PM)
Do they offer specific courses related to NFP's?

elaine (Oct 13, 2004 5:49:27 PM)
Is there any alumni from China that I could ask about Chinese student life in NY?

IsserGalloglyNYU (Oct 13, 2004 5:51:04 PM)
debrish-Not only can you take classes at Stern, you can also take 25% of your classes at other NYU grad schools. This includes the Wagner school of public policy. There is a whole range of classes such as managing an NFP. You can look at the curriculum section of the website and joint degree/other classes at NYU to look at the pre-approved list.

SteveNadelNYU (Oct 13, 2004 5:51:05 PM)
Bob--The admissions process is holistic so we will be looking at all areas with equality; Depending on one's background the quantitative may be something we look at a little more closely but overall we look at all areas.

debrish (Oct 13, 2004 5:51:37 PM)
Isser - Thanks!

Aditya (Oct 13, 2004 5:51:46 PM)
What would be the differentiating factors between Columbia and Stern? A lot of applicants who want to get into finance and do their MBA in New York would apply to both these schools. Both look quite similar in their offerings. Are there any differences ?

Jui-huaHuangNYU (Oct 13, 2004 5:52:08 PM)
Elaine- We do have students from China. Actually we hung out a lot. I am from Taiwan and I can tell you life here is busy and exciting.  Many of our alumni come to our presentations. We will be in Beijing on Nov 18,  where you can meet them in person!

IsserGalloglyNYU (Oct 13, 2004 5:53:05 PM)
Elaine-We need to get a copy of your GMAT score from you at the time you apply. Your GMAT score is good for 5 yrs.

SteveNadelNYU (Oct 13, 2004 5:53:14 PM)
Suresh- The degree is in general management because students are exposed to a wide breadth of business in the courses they will take--they will take courses in accounting, finance etc...

SteveNadelNYU (Oct 13, 2004 5:53:40 PM)
Suresh - If you choose to do a specialization, the areas you specialize in will also be included in your degree.

bob (Oct 13, 2004 5:54:07 PM)
Not sure if there are any STERN ad-com reps here, but I'd like to know what are the most common mistakes that applicants make in their applications?

Guest (Oct 13, 2004 5:54:24 PM)
Hey Isser.. Could you please advise me on the undergrad eligibility for an Indian student?

IsserGalloglyNYU (Oct 13, 2004 5:55:11 PM)
Aditya-There are a couple simple differences. One is the size of the class - we are much more intimate at about 364 and we do not have a January class either. That means a lot more opportunity to make an impact and form very close relationships with classmates. Also with 200 full time faculty and 100 adjunct profs, you get a lot of access to professors.

SteveNadelNYU (Oct 13, 2004 5:55:43 PM)
Bob-- We recommend that students make sure they are answering the essay questions that are being asked as clearly as possible. Sometimes we see essays where the question is not really being answered.

yuko (Oct 13, 2004 5:55:43 PM)
I'm thinking of a future career in corporate communication (PR), is there any program or classes that Stern offers in this field?

elaine (Oct 13, 2004 5:55:46 PM)
Thanks, Jui! So nice to meet you, I am from Beijing: )

elaine (Oct 13, 2004 5:55:56 PM)
So Cool!- Isser, I will be there.

Suresh (Oct 13, 2004 5:56:26 PM)
Thanks Steve. It was a dumb question. I couldn't figure what GM stands for :). However, your responses are right on target.

Jui-huaHuangNYU (Oct 13, 2004 5:56:46 PM)
Elaine- you're welcome. Just ask me any question about life at Stern.

IsserGalloglyNYU (Oct 13, 2004 5:56:47 PM)
Aditya- Also, we have the #1 part time program in the country. That means options! You can chose from many more electives, profs and take classes at night. That can free up time in the 2nd year to network, do an internship or pursue other interests. It also means you will be taking classes with people who are currently working.....meaning you could be sitting next to someone currently in your target interest and/or company!

Aditya (Oct 13, 2004 5:56:48 PM)
Thanks Isser.

MacNaraharaNYU (Oct 13, 2004 5:57:07 PM)
Aditya- Actually, even Columbia's students envy us because we have such a variety of great finance classes. And I can say again, Stern's education is very group-oriented.  You will make great friends and learn a lot with them.

Alvin (Oct 13, 2004 5:57:18 PM)
Stern MBAs - What do you consider to be the tradition of Stern?

SteveNadelNYU (Oct 13, 2004 5:57:47 PM)
Bob--Also, with the recommendations, really think about who would best be able to speak about your strengths, accomplishments and potential.

Guest (Oct 13, 2004 5:57:49 PM)
Hi! When can I expect an NYU presentation in Toronto, Canada ?

Jui-huaHuangNYU (Oct 13, 2004 5:58:25 PM)
Alvin-- we drink more beer than students of any other school do.  We always have a lot of fun with classmates, both at schoolwork and leisure life.

navs (Oct 13, 2004 5:59:10 PM)
Does NYU have an international student loan program like that of Wharton ?

Alvin (Oct 13, 2004 5:59:24 PM)
Ethan - Hahahaha! I like that answer!

Aditya (Oct 13, 2004 5:59:29 PM)
Thanks Mac and Isser. I did kind of know about the variety of courses that Stern offers, particularly in Finance. Last year's brochure mentioned a few and it was quite an impressive list.

IsserGalloglyNYU (Oct 13, 2004 5:59:33 PM)
Yuko-We have a number of classes in marketing that cover a wide range of fields. All elements of the marketing mix are covered for example in the product management class. You can also take classes at Tisch in more media focused topics. Most MBA programs focus more on strategic marketing than advertising or PR specifically. This allows you to have more flexibility in the long run.

DJKimNYU (Oct 13, 2004 6:00:19 PM)
Alvin-I think Pre-Term just before the 1st year starts is a great tradition. We start by networking with all the new students, and end the pre-term with a boat cruise in the Manhattan harbor.

IsserGalloglyNYU (Oct 13, 2004 6:00:31 PM)
nav-With our international student loans you can borrow up to the full cost of tuition. You can also borrow the full cost of attendance with a US co-signer.

Linda Abraham (Oct 13, 2004 6:00:41 PM)
Steve, I am getting a lot of questions about when Stern is going to be in a given city. Could you provide the URL of the schedule, if such a page exists on the Stern web site?

Linda Abraham (Oct 13, 2004 6:01:07 PM)
Isser, if you don't have the US co-signor, can you borrow up to the full amount of tuition?

IsserGalloglyNYU (Oct 13, 2004 6:01:39 PM)
Linda- yes.

Alvin (Oct 13, 2004 6:01:40 PM)
Ethan - I still have one question. Do you think there will be a so called "Stern Managament Style" after graduating from Stern?

Aditya (Oct 13, 2004 6:01:50 PM)
Also what is the interest rate? How high is it if you don't have a cosigner?

Alvin (Oct 13, 2004 6:01:53 PM)
DJKim- Thanks!

Nat (Oct 13, 2004 6:02:18 PM)
Can your specialization be decided at the beginning of the second year, or do you need to declare your plan when you apply?

DJKimNYU (Oct 13, 2004 6:02:20 PM)
Alvin-You're welcome!

SteveNadelNYU (Oct 13, 2004 6:02:28 PM)
Linda- Here is the link showing the schedule of when we will be in a given city www.stern.nyu.edu/mba/cgibin/sched_events2004F.cgi

tich (Oct 13, 2004 6:02:45 PM)
Hey isser - could you please advise me on the eligibility of an Indian Student.. Does a 3 yrs B com + a 2 yrs post grad diploma work for a 16 year education?

IsserGalloglyNYU (Oct 13, 2004 6:03:01 PM)
aditya- I will provide the link to the financial aid section of the website that explains all the options in detail, it also has other useful info http://www.stern.nyu.edu/programs-admissions/index.htmfulltime/applyingtostern.cfm?doc_id=428

MacNaraharaNYU (Oct 13, 2004 6:03:36 PM)
Nat- you can decide any time you want and you can change it anytime.

SteveNadelNYU (Oct 13, 2004 6:03:56 PM)
Nat---You do not need to declare specializations when you are applying. On the application you can indicate areas you wish to study but you are able to change your mind at a later date also.

Jui-huaHuangNYU (Oct 13, 2004 6:03:59 PM)
Alvin- I won' t say so. There is no certain "management style" at Stern. One thing is for sure: you will learn a lot of people skills, management skills, and team-work experiences at Stern. Each would help you become more mature and a great manager in your career.

abhi (Oct 13, 2004 6:04:14 PM)
Does Stern prefer to admit students with prior exposure to finance? What about people who want to make a career shift say from IT/operation consulting to finance?

IsserGalloglyNYU (Oct 13, 2004 6:04:18 PM)
Tich- This is the info we post on our site for regarding degrees from Bangladesh, India, Pakistan and Sri Lanka Bachelor's and/or Master's degree requiring a minimum of four years of university study or a three-year Bachelor of Commerce degree and membership in the Institute of Chartered Accountancy or completion of a Master's degree.

Nat (Oct 13, 2004 6:04:23 PM)
Thanks Mac.

Eugene (Oct 13, 2004 6:04:28 PM)
I am married and have a Japanese wife that speaks absolutely no English at all. Is there anything out there in the Stern community that would make my wife feel more comfortable?

Alvin (Oct 13, 2004 6:04:44 PM)
Ethan - Thanks!

Nat (Oct 13, 2004 6:04:48 PM)
Thanks Steve. Good to know the info.

Jui-huaHuangNYU (Oct 13, 2004 6:04:55 PM)
Alvin- No sweat.

tich (Oct 13, 2004 6:05:11 PM)
Isser - does only a membership in the Chartered Accountancy help... no other diplomas ?

hsuan (Oct 13, 2004 6:05:59 PM)
How many non-profit leaders were admitted last year to Stern?

IsserGalloglyNYU (Oct 13, 2004 6:06:13 PM)
Abhi-We get a number of career switchers, so we do not always expect people to have work experience in their intended field.

abhi (Oct 13, 2004 6:06:56 PM)
Where does Stern stand in the strategy/operations management ?

abhi (Oct 13, 2004 6:07:09 PM)
Thanks Isser , but does having an exposure to finance help your chances of being admitted?

SteveNadelNYU (Oct 13, 2004 6:07:39 PM)
hsuan--Last years admitted class had 3-4% from that sector.

IsserGalloglyNYU (Oct 13, 2004 6:07:55 PM)
tich- That is just our recommended degree.

yuko (Oct 13, 2004 6:08:05 PM)
Thanks Isser, great to know that! Actually I am doing corporate PR now, and I strongly feel the need of PR to be integrated with marketing or corporate strategy. So it seems like I can acquire the broad aspects - not specific in PR - from Stern.

hsuan (Oct 13, 2004 6:08:26 PM)
Thank you so much, Steve. It's great news for me.

Aditya (Oct 13, 2004 6:08:35 PM)
How are international students doing in terms of getting jobs when they are trying to change industries. Have things improved? Also how does the Career Management Centre help such students. As in do they look for any alternative/creative ways of finding jobs for such students?

MacNaraharaNYU (Oct 13, 2004 6:08:50 PM)
Eugene, we have Japanese students who have wives. They don't speak English at all. They can take English classes at NYU. We also have a Japan Business Association. Your wife can join our event. Moreover, this city has the largest Japanese population in the world. They can easily find out the Japanese club/organization. There are so many Japanese restaurants too. Don't worry.

IsserGalloglyNYU (Oct 13, 2004 6:09:00 PM)
yuko-exactly! Your background combined with the strategic knowledge and broad based exposure should really enhance your effectiveness!

bob (Oct 13, 2004 6:09:24 PM)
How much weightage does Stern give to community service and extra curricular activities mentioned in the application?

Linda Abraham (Oct 13, 2004 6:10:06 PM)
Stern students, what do you wish you would have done before starting your MBA that would have made the beginning/transition easier? Did you do anything especially effective that helped you?

IsserGalloglyNYU (Oct 13, 2004 6:10:10 PM)
abhi-We look at the application holistically, so there is no clear answer to your question.

Eugene (Oct 13, 2004 6:10:32 PM)
Thank you Mac. It really helps to know.

Eugene (Oct 13, 2004 6:10:57 PM)
What were the most difficult challenges that you had to face after becoming a Stern student? Why was it so difficult?

Jui-huaHuangNYU (Oct 13, 2004 6:11:19 PM)
Aditya-- The OCD (Office of Career Development) is really helpful. Comparing to other schools' similar offices, they may be among the best ones. Your question is not about Stern; it is related to the market, industries, and US immigrant regulation policies. But I can tell you that OCD provides us with a lot of exposure to those recruiters.

IsserGalloglyNYU (Oct 13, 2004 6:11:21 PM)
Bob-We like to see that applicants are complete individuals, that they are well rounded in addition to business. Such things can help support leadership or giving back to the school and classmates.

SteveNadelNYU (Oct 13, 2004 6:11:38 PM)
hsuan--We also have the Stern Consulting Corp. which gives students the opportunity to work with local small businesses and not for profits; If you go to http://www.stern.nyu.edu/programs-admissions/index.htmfulltime/centerofworldbusiness.cfm?doc_id=325 you will see a video about this organization.

abhi_1612 (Oct 13, 2004 6:11:41 PM)
What is the methodology used in the classes - Cold Calls, Case Study?

navs (Oct 13, 2004 6:11:49 PM)
Hi Isser. I know about the requirements of the degrees from India...but my case is different, I have a 3 year degree from India and a 1 year diploma from Canada.....would that do for my Stern dream ?

paisan (Oct 13, 2004 6:11:52 PM)
May I ask the total cost in Stern (including tuition and life cost) each year?

DJKimNYU (Oct 13, 2004 6:12:12 PM)
Eugene-I think it was getting accustomed to the American style of networking with people that was most difficult.

Linda Abraham (Oct 13, 2004 6:12:56 PM)
DJ, how is it different from what you were used to at home?

IsserGalloglyNYU (Oct 13, 2004 6:13:02 PM)
aditya- We also have a director in the Career office who's sole focus is international. We also have trips to different places for careers like London and India.

namarias (Oct 13, 2004 6:13:16 PM)
Can some current finance students share some of their experience levels and backgrounds they come from, if they are very different from finance ?

DJKimNYU (Oct 13, 2004 6:13:23 PM)
Eugene-In Korea, we normally sit down and have a chat with others. Here, it is more of a cocktail party style. It's new at first, but the more you do it, it's actually fun

yuko (Oct 13, 2004 6:13:34 PM)
For international students, I know that the 1st deadline is encouraged, but if I submit for the 2nd, will it have a strong negative effect?

Jui-huaHuangNYU (Oct 13, 2004 6:14:06 PM)
Aditya-- Responding to Isser, we have a dedicated career counselor for international students. She helped organized a lot of recruiting events.

SteveNadelNYU (Oct 13, 2004 6:14:12 PM)
Paisan--Last year it was $61,179 for one year

MacNaraharaNYU (Oct 13, 2004 6:14:14 PM)
Abhi- We have case study, cold call, lecture, group presentation, many assignments. Professors are so helpful. They always try to help us and ask us if we have any questions. Even during the weekend they kindly hold a help session for us.

bob (Oct 13, 2004 6:14:57 PM)
Common mistakes that applicants make?

IsserGalloglyNYU (Oct 13, 2004 6:14:59 PM)
Navs-You will have to use some judgment in that case - do you feel it sounds in line and is competitive.

IsserGalloglyNYU (Oct 13, 2004 6:16:41 PM)
Yuko-Second deadline is fine! It just means you will not get priority consideration for off site interviews (you will likely need to come to NYC if invited for an interview). Also, we try to give as much time for the visas. But second deadline is typically OK.

Jui-huaHuangNYU (Oct 13, 2004 6:16:57 PM)
Namarias- I am making a career switch from IT to finance. Trust me, the program structure at Stern is really great and would help you transfer from where you are to the finance field.

SteveNadelNYU (Oct 13, 2004 6:17:06 PM)
Bob- They should make sure they are answering the essay questions that are being asked and also make sure to ask those recommenders that will best be able to speak about your strengths, potential and accomplishments.

MacNaraharaNYU (Oct 13, 2004 6:17:08 PM)
Yuko- I also applied for 2nd deadline!

cecilia (Oct 13, 2004 6:17:30 PM)
Are there any students here who are doing Marketing majors and would want to share your prior experience before studying Marketing? How does Stern's Marketing curriculum help you with your career?

elaine (Oct 13, 2004 6:17:42 PM)
I want to know the culture of the diversity for women, what about the percentage you recruited in your school last year?

IsserGalloglyNYU (Oct 13, 2004 6:18:24 PM)
Elaine- Thanks for asking! We admitted 36% women this year and its been as high as 42% in past years. We have one of the highest percentages of any top school.

namarias (Oct 13, 2004 6:18:59 PM)
Wow that's helpful news Jui....would there be any programs to help you "upgrade" yourself into finance?

abhi_1612 (Oct 13, 2004 6:19:04 PM)
Huang, what were your reasons for switching from IT to Finance?

IsserGalloglyNYU (Oct 13, 2004 6:19:05 PM)
Elaine-We have a very active Stern Women in Business club and they host a great conference on women in business each year.

yuko (Oct 13, 2004 6:19:48 PM)
Thank you, Isser! I am relieved now. If I couldn't ask this question here, I needed to wait for the Stern session in Tokyo on Oct 27 :-)

IsserGalloglyNYU (Oct 13, 2004 6:20:01 PM)
Elaine-we have the former president of Catalyst (the #1 non-profit in bringing women into biz) on our faculty. She was profiled in the NY Times last month and teaches a class in women in business leadership.

MacNaraharaNYU (Oct 13, 2004 6:20:14 PM)
Cecilia- I was in the importing and exporting business field before Stern. I did not have any academic knowledge about marketing. So every single moment in the marketing class I could find out how my experiences matched up with marketing concept. I could find out my mistakes, but also confirm what was correct in my business. It is so interesting.

IsserGalloglyNYU (Oct 13, 2004 6:20:34 PM)
Elaine- We are also part of the MBA diversity alliance and Forte Foundation which are organizations dedicated to bringing women into business.

elaine (Oct 13, 2004 6:20:48 PM)
Wow! Isser, thanks for sharing!

Linda Abraham (Oct 13, 2004 6:21:12 PM)
BTW, Accepted.com is hosting a chat for the Forte Foundation next week, Oct. 19.

Jui-huaHuangNYU (Oct 13, 2004 6:21:15 PM)
Namarias- Before school started, Stern accounting professors would ask us to complete some preparation work via passing an online test. And the program at Stern is well established such that you would learn fast in terms of finance and accounting.  The school also provides us with a lot of resources to penetrate into the finance world.

cecilia (Oct 13, 2004 6:21:21 PM)
Mac, thanks for sharing!

abhi_1612 (Oct 13, 2004 6:21:32 PM)
If you are in IT with no prior exp in Finance, how are you supposed to answer your short and long term goals...considering you have no exposure to those kind of roles?

IsserGalloglyNYU (Oct 13, 2004 6:21:32 PM)
Yuko-so glad to put you at ease. You can always email questions to sternmba@stern.nyu.edu or our current students at mbaga@stern.nyu.edu we are happy to help!!

abhi (Oct 13, 2004 6:21:44 PM)
Jui - How difficult was it for you to convince the Adcom that you were serious about finance?

tk (Oct 13, 2004 6:22:25 PM)
Hi Isser - Is the last GMAT score posted taken into the most consideration or do you also scrutinize previous scores? Also how do you view people that take a year off to try something different and choose to return to finance, do you view this as less focused? Thanks again for all your help.

hsuan (Oct 13, 2004 6:23:23 PM)
Can you recommend one student focused in Non-profit for me to share some experiences in the application process?

fon (Oct 13, 2004 6:24:01 PM)
Can I apply for January semester or only the September semester?

MacNaraharaNYU (Oct 13, 2004 6:24:02 PM)
Hello guys, I have to leave. Actually my friends just started my birthday party at the Spanish restaurant without me at 9pm. So good luck everyone!!!!!

Linda Abraham (Oct 13, 2004 6:24:18 PM)
Mac, That's dedication! Thanks for coming.

IsserGalloglyNYU (Oct 13, 2004 6:24:42 PM)
abhi-It comes down to doing your research. Before you invest the two years of your life and the $60,000/year, you want to be sure of your career and your direction. The best thing to do is to talk to people in the industry, alumni from undergrad or friends/family or others in your company in those roles. You can also go to MBA.com and do their career leader survey.

namarias (Oct 13, 2004 6:24:42 PM)
Once again thanks a lot for all your help, Isser, Linda you guys have been great...

Jui-huaHuangNYU (Oct 13, 2004 6:24:55 PM)
All-- I made my career plan based on my previous accomplishments at work and tried to persuade them that I have strengths that others don't.

SteveNadelNYU (Oct 13, 2004 6:25:02 PM)
fon--The full-time program only begins in the Fall semester.

lala (Oct 13, 2004 6:25:11 PM)
Will the English level be very important in applying the NYU? does the school provide a short-time English course before the MBA course?

IsserGalloglyNYU (Oct 13, 2004 6:25:13 PM)
tk- We only look at your best score!

Suresh (Oct 13, 2004 6:26:03 PM)
Can I talk to an Indian Student? I need an Indian student mail ID.

IsserGalloglyNYU (Oct 13, 2004 6:26:33 PM)
tk- its all how you explain your background and decisions.

SteveNadelNYU (Oct 13, 2004 6:26:53 PM)
hsuan--Feel free to contact our Student Recruiters at mbaga@stern.nyu.edu; They should be able to find somebody for you.

SteveNadelNYU (Oct 13, 2004 6:28:06 PM)
Suresh--You should e-mail mbaga@stern.nyu.edu; I would recommend addressing the e-mail to Rahul.

IsserGalloglyNYU (Oct 13, 2004 6:28:20 PM)
lala- We do not have a specific prep course offered by the business school. There are a number of options in NYC that offer courses to help you feel more comfortable with English prior to classes. Whatever is easiest for you!

Linda Abraham (Oct 13, 2004 6:28:30 PM)
Thank you again all for participating today.. Special thanks to Isser, and Steve from the NYU Stern Admissions Office and to Jui-Hua, DJ and Mac from the Asian Business Society at Stern..

SteveNadelNYU (Oct 13, 2004 6:29:18 PM)
Thank you everybody for your great questions!

IsserGalloglyNYU (Oct 13, 2004 6:29:30 PM)
All- Thank you all so much for your questions and passion about Stern! We look forward to seeing you overseas! Here is the link to our schedule!


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