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Q: Is the class of 2004 filled? If not, is there going to be any movement on the waitlist any time soon? If any? Min: We are still in the process of filling both the full- and the part-time class. We will continue to review waitlisted candidates throughout August.
Q: Can you tell us about Stern's strategy to remain tops in the business school arena? Min: We pride ourselves on being a leader in innovation, and we look to always improve our process and our curriculum to meet the needs and demands of the business world -- not only with faculty research, but also in how we interact with alumni, students, and business leaders. For instance, we've continued to establish partnerships with New York City.
For example, our first-year MBA students will analyze a case on the Metropolitan Opera, and take a backstage tour and see how the Met really works. This is just one example of our real-world approach to teaching.
Q: Will, how hard has it been managing a heavy course load with a full-time career? How do you find time for your social life? Rockett: It has been ... tiring. The first couple of semesters were tough, but then you just get used to it -- no sleep becomes normal. Social life? Well, I have some great friends who take me out for beers all the time to help me keep a level head.
Q: What would your advice be for someone with a less than average GMAT score -- re-take the test or focus on other application materials, like essays? Min: Again, our evaluation is holistic, and the GMAT is just one component of your application. However, the GMAT is an area where you can improve -- unlike your undergraduate GPA. We have seen many applicants retake their GMATs and improve their scores. While it's important to put your best foot forward, my suggestion is to not overemphasize one area, but to create a strong profile in all areas, including essays.
Q: How does admissions look at dual GMAT scores? I've heard that some schools use the better verbal and quantitative scores from each attempt. Min: Stern will consider the highest GMAT score.
Q: What is the minimum number of years of work experience recommended for applying to NYU? I just graduated this May and am employed by a consulting firm. I would love to jump into B-school ASAP. MIN: Stern's range is 2 to 10 years with the average being about 4.7. Because teamwork is so important in the classroom, we find that students who have had some work experience are able to contribute more effectively and are able to take away more as well. It's in your interest to establish more of a [work] record.
Q: Is it easier to get in to the part time program? Min: The admissions committee for the full-time and the part-time programs is the same. Thus, we use the same criteria to evaluate candidates. We publish profiles of admitted students on our Web site, so that candidates can see the ranges of successful candidates.
Q: Can part-time students transfer into the full-time program? Min: Because the programs are so different, students aren't able to transfer from one program into another. So we recommend that candidates really research which program they would like to pursue before they apply, taking into account such issues as career enhancement vs. career changing.
Q: I have heard that Stern is only a finance school. What can you offer to a candidate with a nonfinance background? Min: Stern is very strong in finance. However, we excel in all other areas, including management, operations, and marketing, to name a few. We also offer a diversified portfolio, so that you can contribute in any business. In addition to our core majors, we offer a variety of other initiatives. Students can take courses at the NYU law school, and at the entertainment, media, and technology cooperative, where we collaborate with the NYU Tisch School of the Arts.
Q: Will, do you find that part-time students interact with each other as much as full timers do, in terms of networking, etc? Rockett: As a part-time student, you get out of the program what you put in. It's a lot easier as a full timer to be a part of student groups. All of these resources are available to part timers, but you don't usually have a lot of time outside of class. I have met some cool people, both full time and part time, but I credit that to my efforts -- not to circumstance.
Q: What advantages does NYU offer its students over Columbia? Min: Both programs offer a top-notch MBA education. I will speak to the strengths of the Stern MBA, as I'm more familiar with it. As I mentioned, NYU is located in the heart of New York City's Greenwich Village -- thus, we are a subway ride to Wall Street, as well as to Midtown and the hub of business. We are establishing closer ties to New York City and its business leaders. We have, for our first-year students, lunch with a business leader. This year we have Harvey Golub, the former CEO and chairman of American Express.
Our students also have opportunities to interact with other business leaders, whether it's through our CEO series or through our student group-sponsored events. But in my opinion, our best asset is the people at Stern -- and by that I mean students, alumni, faculty, and administrators who give back so much to Stern and create a community that fosters collaboration and cooperation. I am amazed every day at the support I receive from these folks, who are so genuinely excited and enthused about Stern.
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