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The Fertitta Veterans Program

Benjamin Davies is a current Full-time MBA student, specializing in Investment Banking and Strategy. Prior to Stern, Ben was a Captain in the US Army. Post-MBA, he hopes to pivot into an Investment Banking role. At Stern, he is a Consortium Fellow, Fertitta Scholarship recipient, and is active within the Military Veterans Club.

The Decision to Pivot

When I graduated from West Point in 2016, I had one objective I wanted to accomplish during my time in the military. I wanted to deploy to a combat zone as a junior leader to gain experience leading Soldiers in a challenging environment. I was fortunate enough to accomplish this goal twice over and faced the option of getting out of the Army in 2021. When presented with this decision, I realized that I was ready for a new challenge and needed new goals to align with my passions.

I took several months to self-reflect and understand what I wanted from the next chapter in my life. I wanted to continue solving complex problems based on comprehensive research and learning new skills in a short period of time. I decided that investment banking would allow me to continue working in this fast-paced environment that required teamwork to succeed. In order to make this pivot, I realized I needed to grow my business acumen and professional network to be able to secure a job at a leading financial institution. In order to pivot from the Army to corporate America and investment banking, business school was the obvious answer.

Why NYU and Why Fertitta?

NYU Stern immediately stood out amongst other business schools due to its location in the heart of the banking capital of the world and its veteran initiative – the Fertitta program. After speaking to veterans who were current Stern students, I quickly realized that they lived the values of IQ + EQ. Every student and faculty member I interacted with spoke about the incredible people they were surrounded by. It was inspiring to find a school where I could grow my network and learn from some of the best professors in the world.

From the outside looking in, I thought the Fertitta program was too good to be true. NYU Stern truly stood out in the way that it supported its veterans in such meaningful ways. The program deliberately bridged the gaps that most veterans inherently have when transitioning to corporate America. The Fertitta program allows veterans to take Financial Accounting and Statistics – requisite 3.0-credit core classes— over the summer, which reduces the course load during the fall, and ultimately enables us to focus more on recruiting and securing a summer internship. During the summer semester, the veteran cohort also had the opportunity to participate in company treks to tour offices and meet Stern veteran graduates who were working in top-level companies. The final piece of the Fertitta program is the financial aspect which greatly assists the change in lifestyle that all full-time students undertake. Looking back on the experience, I was also able to build incredible bonds with my veteran cohort from an early stage and give me a close circle of friends that I can always rely on.

Education Benefits

At 29 years old, I had not been in an academic classroom in over seven years. I was nervous and apprehensive about contributing to a classroom filled with brilliant classmates who had recently graduated from top-tier institutions. Being able to attend the summer semester surrounded by other veterans made the transition from the military to the classroom much more manageable. Both of my summer professors presented challenging material in ways we could digest and establish academic proficiency. Because of my summer classroom experience, I now have a much stronger foundational knowledge of accounting principles, which will pay dividends during fall recruiting.

Company Treks

The most beneficial part of the summer semester was the opportunity to participate in company treks to firms like McKinsey, Morgan Stanley, Mastercard, and Pfizer. Our cohort was able to network with other veterans at these companies and gain a firsthand look at their day-to-day operations. We were able to ask candid questions to veterans—many of whom were Stern alumni—and had been in our shoes several years ago. I found the experience incredibly beneficial, and I now have a roadmap for success for the upcoming semester and a much deeper understanding of what type of job I will be recruiting for.

Looking Back on the Experience

As I look back upon my summer semester, the moments that stand out occurred because I was surrounded by fellow veterans whom I am now lucky enough to call friends. When I left the military, I was saddened by the realization that I might never find the same closeness and trust with the people around me. When I nervously arrived for my first day of class at Stern, that thought was immediately erased. Through the Fertitta program, I found 29 remarkable veterans who will be some of my closest friends during my time here and beyond.

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Mastering the Art of the Coffee Chat

Isabelle is a recent MBA graduate, specializing in Global Business, Strategy and Product Management. Prior to Stern, Isabelle was a consultant at Accenture specializing in the life science industry. Post-MBA, she is about to start working for Samsung Electronics as a Global Consultant . At Stern, she was involved in the leadership of Asian Business Society, Student government, Stern Technology association, European Business association and as a member of the Latin American Business Association, Stern Women in business  and the admissions office as a Graduate assistant. 

I came into Stern knowing I wanted to work directly with a product in an innovative field, but like many people who join as first years, I was also looking to learn and explore. While I was secretly hoping someone would be able to tell me my dream job, real life is not that simple – it never really is! But Stern gave me every opportunity to explore. 

Even before you start school, you begin hearing about the importance of recruiting. You receive the Ignite prep and begin chugging away. A lot of information is thrown your way but you keep hearing the same two words: Coffee chats. 

As someone allergic to caffeine, I was less than enthused by the idea of chatting with someone over coffee. My nerves continued to grow as I pictured a potentially  awkward conversation with an industry leader, while I sat there with a cup full of coffee, easing my nerves by pretending to sip every so often to have something to do with my hands. Beyond the awkwardness, coffee chats or informational interviews invoked an image of small talk and desperation. To say the least, these “chats” were not something I was looking forward to.

Now however, I now easily have a coffee chat a day, even after the end of formal recruiting. This change is completely thanks to Stern and the students I recruited with. Almost every alum, student, professor, or professional I reached out to has replied eagerly to share advice, experiences and sometimes (when I was really lucky), even an interview or job opportunity. In an effort to ease your nerves, I thought I would share my learnings about coffee chats!

Rarely any coffee 

This may be silly to say or obvious to some, but coffee chats often don’t involve any coffee. Today,  many coffee chats today are virtual, and if they aren’t, you are always welcome to get another beverage!

Networking is not a dirty word

Often people feel like networking is superfluous because it conveys that you want something (in this case, a job), but that’s not all networking is. Yes, when you set up a coffee chat, you should be the best version of yourself so that the person on the other side will help you, but the aim of the conversation should be to learn about the person you are talking to- whether that is about the company they work for, their interests, or what they did before. In the end, you should aim for the conversation to be as fruitful for them as it was for you. It is a give and take. My best coffee chats were those in which I was able to share my experience with the industry professionals to help them with their own questions or problems. 

As an example, when I was networking with a large bank, I met someone who had the exact position I was interested in. We spoke about the job and the company, but even more so we spoke about what we liked to do, I talked about my community and non profit interests, and they asked me to help them find a way to give back. This person became more than just someone who helped me get an interview, they became someone who I still connect with for advice. 

Coffee chats are not always just a one time thing

The goal of a coffee chat should not just be a one-time conversation to learn about the company, it should be about you growing your network. If you are able to form a more lasting relationship with that person, it makes a big difference – not only in recruiting, but in many areas of your life. 

Remember, industry professionals are just people 

We all often walk into coffee chats nervous and lost. “What do I tell this stranger about myself?” But often, the other person is feeling exactly the same way. They may have just come out of a long meeting or were just concentrating on a task at work. In the end, they have given up their time because they want to be of help, so make sure you come in with questions that will help you most.  

I have been and still am on both sides of the coffee chat, and what always goes through my mind is the airport test. Throughout this conversation with this person, have they given me a sense that I would like to spend 5-10 hours with them in an airport if we were to get caught in delays? So remember that the person is human, have empathy, and build a human connection.

Coffee chats are not always conducted one on one 

Sometimes, coffee chats during recruiting include multiple people with one industry professional. When this happens, make sure that you stand out in some way. Have a list of questions you want to ask and do your research on the person. Always ask for their contact information and follow up to see if you can get a solo chat. 

Lastly, Stern is always there to support us 

Every office at Stern comes together to make sure that you are prepared for recruiting. Stern Career services constantly provides you the opportunity for you to make connections, bringing in hundreds of companies to speak with students. The professional clubs like Stern Tech Association and Management Consulting Association lead knowledge transfer sessions and study groups to prepare you. Other students and professors give up their time to practice with you and give you advice. So take advantage of it!

Key Takeaways

Keeping these things in mind really helped me reform how I looked at coffee chats. Now, everyone is going to have different advice for coffee chats – a former Sternie wrote her advice in 2021 –  but mastering the coffee chat is really about understanding yourself and how to present that to the person standing in front of you. These are some tips that helped me feel comfortable  while growing my network. 

1.  Always ask for the coffee chat host’s contact information 

Make sure to get their information before the end of the coffee chat and send a thank you note afterward. Often, it is good to ask near the beginning or middle of a group coffee chat, but if you are alone, leave it for the last question. 

2. Be genuinely curious

People like to talk about what they are doing – so ask them about it! Make sure to do your research and prepare questions ahead of time. While the conversation can go in any direction, preparation will help you stand out and make the most of the conversation.

3. Look at each coffee chat as a first step

You will rarely only speak to one person at a company. So use each coffee chat as a chance to research for your next one. Ask questions like “what is the biggest challenge your team is facing” or “where do you see the company going in the next year” or “what is the most exciting thing your company is doing?” This way, you hear real-world problems companies face today and will be ready for your next chat and, eventually, interview! 

4. Not all coffee chats are evaluative, but you should prepare as if they are 

Always research before a coffee chat and show your commitment. You never know how the conversation will impact your future career.

5. Be direct 

When you ask for time, be direct in what you hope to speak about so that the person knows exactly why they are meeting with you. You don’t want to use their time asking questions you could have learned on the website!

6. If you have the choice, choose a place in which you are comfortable 

Many coffee chats are done virtually now, so make sure you pick a place that you feel most comfortable. If the person gives you the option of an in person chat, take that option because it often leads to better connections. Choose to meet in a place you like that is quiet and also not too expensive, often they will pay out of their own pocket for you. 

7. Never leave a conversation without having at least one other person to reach out to

You can not build your network unless you ask for more contacts. I like to ask every person I talk to for 2 other people who I should contact based on the interests I have expressed during our conversation. 

8. Be you

As someone who has been on both sides of the coffee chat, it is so easy to see when someone is not being genuine. Remember the airport test-  I want to be able to tell if I would like to spend time with you. The more I want to spend time with you, the more helpful I can be. 

Just be yourself. I promise you, the other person will appreciate it.

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DBi Italy

Sarah Story is a full-time MBA student, specializing in Marketing, Strategy, and Operations. Prior to Stern, Sarah was a home furnishings designer. Post-MBA, she plans to work in marketing or supply chain management within the retail industry. At Stern, she is co-president of the Luxury and Retail Club, and a board member of the Graduate Marketing Association and Stern Adventures. Outside of school, Sarah enjoys swimming with a local masters swim team and attending concerts.

One of the primary reasons I chose to attend Stern was because of the extensive DBi, “Doing Business in…”, opportunities. I was not able to study abroad during undergrad, so I was excited to take advantage of the many 1-2 week intensive courses that are part of this program. I was thrilled that my course lottery results allowed me to have this incredible opportunity to study for a week in Milan, Italy with a focus in luxury retail. I am so grateful to have had this experience; there were many laughs, amazing food, and new friendships.

We were given a warm welcome at the hotel with an “aperitif” hosted by Stern. About a dozen of us went to a group dinner afterwards, which was a great way to introduce ourselves in a smaller group and have some time to get to know each other before the class officially started. It was quite magical to walk up to a restaurant requesting to seat 12 people, and be seated in a private dining room that also functioned as the wine cellar.

The first day was class packed with great lectures, an impressive coffee break, and was capped off with speakers from Ferrari and the CMO of Gucci, who also happens to be a Stern alum. (The aforementioned comment was, thankfully, NOT said while he was there.) After class, we began our in-class project: visiting a short list of luxury retailers to examine how they treated their shoppers, whether purchases were made or not, and the overall experience of shopping in these stores. It also became a regular occurrence to find classmates at Camparino, the Campari Bar, after class, located near our hotel.

On our second day, we headed off early to visit the Mantero Silk Factory, located just outside of Como. Seeing the printing process in action, both with traditional silk screens and digital printers, was enlightening for many. We learned how so many luxury companies from around the world, not just those in Italy, seek out the talent and expertise of the Mantero factory. Of course we all panic-shopped (there was limited time) at the sample store and came away with some great finds for ourselves and gifts for others. Upon returning to campus, we were greeted by a room full of the most beautiful, soft wool textiles and raw fibers, for a talk from a Loro Piana representative about what makes their textiles and apparel so highly coveted. After the talk we continued our “shopping safari,” visiting the last stores on our lists. Each team chose to divide and conquer differently – some shopped as a group, some split the list in half between team members, and some shopped at all the stores independently. 

Our third day was focused on brand extensions, particularly in the furniture category. We explored the history of design and manufacturing excellence of Italian furniture companies and the differences of how they are structured in design, manufacturing, and distribution compared to American furniture companies. In the afternoon we visited the Cassina, Versace Casa, and Dolce and Gabbana Home showrooms and heard from the CEO of Cassina, the design director of Versace Casa, and the Vice President of Luxury Living Group, which is the parent company of Versace Casa and Dolce and Gabbana Home. After a long day, we had a class dinner in the canal district, and mostly avoided a very rainy evening!

The final day, we heard from Paolo Pedersoli of Jakala, a consulting firm that includes a focused division in luxury and design enterprises. Before lunch, we finalized our findings for our group presentations, and presented our findings with the class in the afternoon. Gucci was one of the stores that several of the groups were assigned to visit, and the general take away was that the shopping experience was not as expected. It was quite entertaining and interesting to hear how each group’s experiences differed, and how some brands were presented in a positive light from our guest speakers, yet the shopping experiences were not reflective of that or very welcoming to customers.

The course wrapped up with a stellar group dinner, a close walk from the hotel. One of our classmates had a birthday on that Friday, so several of us toasted him at midnight in the hotel bar with some champagne: the perfect way to celebrate the end of the course.

I could not be more grateful to have had this experience. In addition to the course, I added on about a week of personal travel throughout northern Italy. I absolutely fell in love with Italy,  and I cannot wait to go back to explore more of Milan and the rest of the country.

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Sweet Dreams Are Made at Stern

Sheron is a recent Stern grad from the two-year full-time program in the class of 2023. She was previously an engineer in the oil and gas industry and will be transitioning to consulting post-MBA. On campus she was involved in many clubs including ESA (Entrepreneurship and Start-up Association), AHBBS (Association of Hispanic and Black Business Students), MCA (Management Consulting Association), STA (Stern Tech Association), SWIB (Stern Women in Business), PEVC (Private Equity and Venture Capital Club), and Cellar.

If you are looking to live out your Eurythmics dreams to “travel the world and the seven seas,” you’ve found the right place. Stern offers so many different international opportunities to travel through school-sponsored programs or just casually with classmates.

DBi programs—which stand for Doing Business in—are 1.5 or 3 credit courses that take you to places such as Morocco, Australia, Argentina, Germany, South Africa, New Zealand, and others over a week or two. There you’ll learn about business in the local economy through classes at a partner university, company treks, and cultural excursions. Stern Signature Projects feature international consulting engagements that can take you to Israel, Guyana, and other countries to support business development for different organizations.

There are also longer-term study abroad programs at partner schools all across the world. I studied at London Business School for an equivalent semester, and I would not have traded that experience for the world.

Stern’s student body is incredibly diverse, and so is London Business School’s. The European location of LBS attracts a different type of diversity, which made the classroom discussions vibrant with multiple perspectives. It was very interesting to compare the viewpoints of Stern and LBS students to grow in my thinking about different business approaches and issues. Similar to Stern, the professors at LBS all had office hours and were more than happy to chat about topics on my mind from class. Whether you choose to study abroad or spend the full two years at Stern, be sure to connect with the professors. They are all super cool. Many have written best-selling books, host podcasts or TV shows, and are celebs in the business world.

The student clubs at Stern are all very accessible, and I had the same experience at LBS. Like at Stern, most of the club events were open to all members of the MBA student community and are free or only require a nominal fee to join. Stern clubs host visits to museums, company offices, theater shows, outdoor hiking trails, and favorite foodie spots. I got to experience these types of cultural and professional adventures with new LBS friends as well. From seeing Wicked in London’s West End to learning the art of Japanese Shibori to experiencing a traditional Sunday roast, LBS’s clubs provided a similar opportunity to build community and friendship while abroad. 

Through networking events hosted by the student clubs at LBS, I also met many students from Oxford and Cambridge’s MBA programs. I went to see my new friends at their campuses for a tour and class visit. I even attended the Oxford vs. Cambridge polo match, which was my first polo experience and one of the highlights of my exchange semester.

Business school is an incredibly transformative experience academically, professionally, socially, and personally. Spending extended time abroad was definitely a time of growth in every way. If you have any thoughts about a full exchange semester, then go for it! You’ll be amazed at what you learn, who you’ll meet, and what you’ll experience.

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A Day in the Life of a Sternie

Brittany Fidalgo is a recent MBA graduate, specializing in Strategy and Global Business. Prior to Stern, Brittany led HR at small and mid-size businesses. Post-MBA, she is going into Consulting at PWC. At Stern, she was involved in AHBBS, SWIB, and Adventures club.

A day in the life of an MBA student can vary depending on what time in the program you find them. In my last semester of school, I had most early mornings free, which allowed me to start my day with breakfast- typically granola, kiefer and berries. I would often go for a quick run along the East River before getting ready to head to school.

 At school, I would stop in to the cafe, Matto, to pick up my favorite chai latte and catch up with friends. Matto is amazing because every drink is under 3 dollars- an absolute deal in New York City! I would then head to the 4th floor reading room to do focused work for my classes.

Club meetings and events often happen during lunch time. Some days I may have a board meeting for AHBBS, or attend another club event. SWIB, for example, hosted a great Stern Speaks event where fellow Sternies volunteered to present personal stories with us over lunch.

After this, it is time to meet with one of my group project teams and attend my classes. A course I took this semester, Marketing Planning and Strategy, focused on group work with a final deliverable of a business strategy proposal. After meeting with my project team, I head to my weekly seminar class, Developing Managerial Skills with Professor Dolly Chugh. This was one of my favorite classes at Stern, and I highly recommend everyone taking the course!

After class, I meet up with a classmate for dinner at a nearby restaurant in the West Village before heading to our 6pm weekly seminar class, Digital Innovation and Crowdsourcing with Professor Natalia Levina. She always had the best Ukrainian snacks for us! After a full day at Stern, I jump on the subway and head home to Brooklyn. 

The days are long and busy in business school, but the years fly by quick! By being thoughtful and intentional about your time, you will be able to make the most of the academics, extracurriculars, social life, and the incredible opportunities in NYC!

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DBi Spain: Immersing in the Metaverse, Exploring Global business, Embracing Spanish Culture and Building Connections

Jenny Ng is a current Langone MBA student, specializing in Finance, Management in Technology and Operations and Strategy. Prior to Stern, Jenny worked in various industries, including retail bank, aviation, real estate and information technology; currently, Jenny holds a position at Business Operations in the Energy Management department at Con Edison of NY. At Stern, she is involved in Langone Student Government as Vice President of First Years and Asian Business Society as Vice President of Langone.

This past semester, I had the incredible opportunity to participate in Doing Business in (DBi) Spain with a diverse group of ambitious and like-minded classmates from both the full-time and part-time programs. It was an enriching experience that allowed us to immerse ourselves in an international landscape of an increasingly interconnected world to explore the opportunities and challenges associated with conducting business in other countries, considering economic, legal, political and cultural aspects. I had the pleasure to embark on an academic odyssey to Madrid, Spain, where our focus was on the European startup ecosystem, tech entrepreneurship, digital innovations in artificial intelligence and the metaverse, as well as trends, future prospects and leadership within the industry. DBi Spain delivered a truly immersive experience that extended beyond the normal classroom and that allowed me to enrich my understanding of global dynamics and international business while fostering lifelong friendships and connections.

Inside the classroom, we were privileged to learn from esteemed professors at IE Business School and engage in insightful guest lectures delivered by entrepreneurs and industry leaders in the technology, consulting and digital banking sectors. Having the opportunity to learn from industry practitioners and leaders firsthand equipped us with profound insights and knowledge about the opportunities and challenges in the European startup ecosystem and tech industry. We explored the advantages and disadvantages of developing a tech startup in Europe, all of which are very different from the U.S. entrepreneurial ecosystem. We also delved deep into the potentials and business value of the metaverse, a concept of an immersive virtual world that aims to disrupt the way we do things in respect to learning, working, entertaining, socializing, shopping and forming connections. Lastly, we also had the opportunity to do corporate treks at global innovation hubs where we gained first hand exposure to a startup accelerator and learned how companies are embracing digital innovation to unlock business opportunities. 

Outside the classroom, the program agenda included cultural and social activities that submerged us in Spanish traditions and customs; we enjoyed a captivating Flamenco show, engaged in an outdoor paella cooking competition with local IE students and networked with Stern Alumnus and at a picturesque atop of Irreverent Restaurant. The highlight of the activities for me was the outdoor paella cooking competition—a team-building challenge where we had to first earn gold through winning games to acquire ingredients, and then compete to cook the most enjoyable paella. Although we had no prior experience in cooking paella, because of leadership, collaboration, communication, shared vision and ambition, my team and I won third place, instilling a newfound confidence in my culinary skills in Spanish cuisine. 

Alongside the academic itinerary, my classmates and I had the privilege of further immersing ourselves in the vibrant city of Madrid. We indulged in delectable Spanish cuisine and scrumptious churros with chocolate, watched a memorable Real Madrid vs Rayo Vallecano game (2-1) organized by our classmate, admired the grandeur of The Royal Palace, and reveled in the exhilaration of Madrid’s bustling nightlife and retail adventures at stores ranging from fast fashion to luxury fashion. 

As I reflect upon these unbelievable experiences and unforgettable memories, DBi Spain was truly a rewarding experience that went beyond expanding my knowledge and broadening my perspective of business on a global scale; the program allowed me to embrace new cultures, expand my horizons, nurture my growth, while also build new connections and forge lifelong friendships beyond the confines of a classroom. Traveling with classmates from both full-time and part-time programs provided me an opportunity to expand my network beyond my immediate program, fostering a diverse and inclusive academic environment and promoting a sense of unity within the community. In sum, DBi Spain was an extraordinary endeavor in my MBA journey at Stern, leaving an indelible impact on my personal and professional growth—one that I would do over and over again.

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My Experience in the NYU Impact Investing Fund

Isabella Felipa Schumann is a recent graduate who specialized in Corporate Finance and Strategy. Prior to Stern, Isabella spent three years in development at The Metropolitan Museum of Art, followed by two years as an investigative consultant at K2 Integrity. During her time at Stern, Isabella was a summer associate at Partner’s Group, a private equity firm, and during the academic year, she served as an MBA associate at Connectivity Venture Funds, a venture capital firm based in New York. Additionally, Isabella participated in a variety of experiential opportunities offered at Stern, and was AVP of Sponsorship of Stern’s PEVC Club. Isabella now works at Global Atlantic Partners as VP of Strategy and Business Development in NYC.

When I started my MBA journey in 2021, I was interested in exploring opportunities in the investment space, but as someone with a non-traditional background, I was unsure where to start. I knew that NYU Stern would provide me with endless opportunities to explore investing, develop relevant skills to succeed in the space, and take career risks that I may not have taken otherwise. One of the defining experiences of my time at NYU Stern that allowed me to do all three things was the NYU Impact Investing Fund (“NIIF”). 

Why NIIF

I have always had a passion for social impact which has manifested itself through community service work, pro-bono consulting with a focus on social enterprises and female-founded startups, and working in nonprofit organizations earlier in my career. NIIF was the perfect way for me to explore the intersection of a personal passion of mine and my professional ambitions. Additionally, I had the incredible opportunity to work with peers from Stern, NYU Wagner Graduate School of Public Service, and NYU Law School. Being part of a group of dedicated and ambitious individuals from different backgrounds was a huge part of what made NIIF such a great experience. 

Getting Involved

NIIF is the only MBA student-run venture organization in the country, which means that NIIF invests real money into real startups that we as participating students are sourcing, completing investment diligence on, and pitching to the investment committee. The program is structured as a one-year course through Stern and participation starts with an application the Spring before the Fall semester start date. Once you begin with NIIF, you are split into teams representing six different verticals – financial inclusion, environment, healthcare, aging, education, and food systems. I was a member of the education deal team along with five other peers. 

Phase I: Investment Thesis

We began our semester by developing an investment thesis highlighting the areas of education that we would like to invest in and other non-negotiables for NIIF, including a founding team representative of the community the company serves, and demonstrated impact in lockstep with revenue. From here, our team tapped into our networks to identify impact-driven early-stage startups that were actively raising a new round of fundraising. Once potential targets were identified, the team interviewed the founders and identified the companies that were most aligned with the team’s understanding of impact and the expectations of NIIF’s investment committee. 

Phase II: Due Diligence

The second stage of the process is defined by a funneling process where each deal team presents their chosen company to the other teams and to the investment committee. From there, two deal teams are chosen to continue with the NIIF investment process while the other teams are split between competing in the MBA Impact Investing Network & Training (“MIINT”) and managing previous investments made by NIIF. As a member of a deal team chosen to move forward in the NIIF process, this third phase was followed by a longer due diligence process where my team and I spent the coming months working with the NYU Law School clinic and the founder of our target company on the complex due diligence process. This included legal, financial, impact, and competitor diligence and identifying relevant investment risks in each of these areas. This was where we were challenged the most as a team, and pushed outside of our comfort zones to understand and evaluate different areas of the business. 

Phase III: Presentations

Finally, our team was one of two that pitched a target company to the NIIF Investment Committee in an in-person meeting with the three committee members and the support of our peers. The presentation featured information on our company, deep dives into the diligence that we completed, an emphasis on the demonstrated impact of the company, and a complete risk analysis with insights on how to minimize risks. By the end of the week, we were notified of the investment committee’s decision on which of the two deal teams had received NIIF’s investment. 

The entire process closely resembled the various investment processes that I have seen in both the private equity and venture capital spaces. I was able to see many parallels between my work at NIIF and what I have seen in various internship opportunities across investment firms. I can confidently say that my NIIF experience will not only be a highlight of my time at Stern, but will also be instrumental in my career development. 

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Embracing a New Adventure: My Journey to Intern at Microsoft in Seattle

Daniela Rios is a current Full-time MBA student, specializing in Marketing, Tech Product Management, and Strategy. Prior to Stern, Daniela worked at an advertising agency in HR. Post-MBA, she plans to pivot into marketing at a Tech company. At Stern, she is involved in the Association of Hispanic and Black Business Students, Stern Technology Association, Student Government, and Stern Women in Business.

 As I sit here, packing my bags and preparing to embark on an exciting journey, I can hardly contain my excitement. In just a few short days, I’ll be heading to the vibrant city of Seattle, ready to dive into a thrilling three-month internship at Microsoft. Today, I want to take a moment to reflect on the incredible experiences and support I received at Stern that led me to this remarkable opportunity. Get ready to join me on an adventure filled with growth, perseverance, and the unwavering assistance that Stern provided along the way.

 From HR to Marketing: A Bold Transition

When I entered business school, I set out to make a daring shift from HR into the dynamic world of marketing. I’ll be honest, it felt like stepping into the unknown, and doubts crept in about the relevance of my HR skills. But Stern had a pleasant surprise in store for me. I soon realized that the insights gained from conducting exit interviews to enhance employee retention could seamlessly translate into understanding customers’ needs and preferences. Who knew my HR expertise had marketing potential?

The Consortium, Early Recruiting, and Microsoft

Stern’s affiliation with the Consortium for Graduate Study in Management proved to be a game-changer in my journey. Through this exclusive network, I had the privilege of participating in early recruiting opportunities and was able to attend the Consortium’s signature event: Orientation Program. This opportunity led me straight to Microsoft’s door where I was connected to a marketing hiring manager. The excitement that surged through me when I received the internship offer months later was indescribable. It was validation of the hard work, dedication, and passion I had poured into my studies and career.

 Navigating with the Careers Team

Now, let me share the secret ingredient that boosted my confidence and guided me throughout the internship pursuit: Stern’s Careers Team. This incredible team provided me with a treasure trove of resources, including interview workshops, resume feedback, and even mock interview sessions. With their support and guidance, I walked into each interview room prepared, polished, and ready to showcase my skills. It was like having a personal squad of career champions by my side, every step of the way. Shoutout to Genevieve and Fatim for being the best!

 Alumni Talks: A Game-Changing Experience

When it came time to choose between Microsoft and another company, I found myself at a crossroads. In those moments of uncertainty, Stern’s alumni network became my guiding light. I reached out to Stern alumni working at both organizations, seeking their invaluable insights. Their firsthand experiences, knowledge of the work culture, growth opportunities, and overall fit within the companies proved instrumental in making an informed decision.

 Ignite Program: Igniting the Flames of Success

Before embarking on my official journey at Stern, I was able to immerse myself in the Ignite Program. This pre-MBA summer initiative equipped me with a powerful arsenal of professional skills. Through engaging workshops and personalized guidance from incoming MBA 2s and career coaches, I honed my ability to craft compelling pitches and tackle behavioral interviews with ease. This transformative experience ignited a fire within me, fueling my confidence and positioning me for success in the early recruiting events that awaited me.

 The Stern Squad: Friends, Encouragement, and Camaraderie

Last but certainly not least, I can’t help but express my deep appreciation for the incredible friends and the tight-knit community I found at Stern. The unwavering support, encouragement, and camaraderie transformed my experience. Whether it was lending a listening ear during challenging moments or cheering for every milestone achieved, the Stern community became my pillar of strength. The collaborative nature of Stern fostered an environment where we could freely exchange ideas, seek advice, and grow together as a united front.

 Conclusion

As I prepare to embark on this exciting new adventure with Microsoft, I am filled with a sense of gratitude and excitement. Stern has played an integral role in shaping my path, providing me with resources, connections and the support I needed to reach this milestone. It is a testament to the transformative power of education and the incredible opportunities that await those who are willing to chase their dreams. I am ready to make the most of this internship opportunity and contribute to the innovative and dynamic world of marketing at Microsoft!

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Updates to the 2024 Application from our Executive Director

Lindsay Loyd is the Executive Director for MBA Admissions at NYU Stern. She joined NYU Stern in January 2023 after a 20-year career in financial services.  She holds a Bachelor of Arts in Economics from Washington State University in Pullman, Washington, and an MBA from the University of Chicago Booth School of Business.

Hi, I’m Lindsay Loyd, and I’m excited to announce some key information for the upcoming admissions cycle, and also take this opportunity to introduce myself.

I joined Stern in January 2023 as the Executive Director of MBA Admissions after a 20+ year career in financial services. I’m thrilled to be a champion for the Stern Full Time MBA programs and lead the admissions team as we meet future Sternies each year. I was energized to become part of this community after working with several Stern alumni during my tenure at American Express. This will be my first full admissions cycle, and I’m delighted to share some updates as we gear up for the application launch.

Important Things to Know for the 2023-2024 Cycle

While our applications for the next cycle are not yet open, we’ve announced some key information you should know as you are preparing your candidacy. This spring, we took a comprehensive look at our application process and worked to find ways to make applying easier for prospective students.

New Deadlines

For the upcoming cycle, we’ve expanded our deadlines to give you greater flexibility so that you can apply when it makes sense for you. It’s important to note that our process is a bit different than the more structured “rounds” used by other programs. Our admissions committee reviews applications on an ongoing basis. We don’t wait for a deadline to pass to begin reviewing applications, and most applicants will receive an initial decision notification (e.g., invitation to interview, waitlist offer, or denial of admission) within 8 weeks of applying.

More Standardized Test Optionality

We continue to be test agnostic and accept a wide range of tests. There are no minimum score requirements to apply and we do not have a preference for which test you take. I want to highlight four key points to keep in mind on tests:

  • A standardized test score is required for the Full-Time program and the Fashion & Luxury Focused 1-Year program. 
  • The Andre Koo Tech Focused 1-Year program will be test optional this cycle.
  • We offer a separate test waiver application for anyone who is unable to prepare for or take a standardized test, but can demonstrate academic readiness through prior academic and/or work experience. 
  • Your test options include the GMAT (both current and Focus Edition), GRE (both current and new), EA, MCAT, LSAT, and DAT.  

One EQ Endorsement

To further streamline the application process, we’ve also reduced the number of EQ endorsements required from 2 to 1. This EQ endorsement should come from your current supervisor. You have the option of submitting additional EQ endorsements, but I encourage you to be judicious and consider whether additional endorsement(s) add significant value and/or a different perspective to your candidacy. A tip on EQ endorsements – start thinking about who you want to write in support of your application and set up a meeting with this person. Do this early so your endorser has time to prepare. 

Continued Commitment to a Holistic Review Process

What hasn’t changed for this cycle is our interest in getting to know you through the application. We have a chance to learn about you academically, professionally, and personally during this holistic review process. Our essay questions remain largely unchanged from last year, so you can start thinking through those now. We find that your answers to these essay questions provide incredible depth and insight into your experiences, goals, and motivations. We look forward to meeting the whole ‘you.’

Why Now is a Great Time to Get an MBA

It’s been almost 20 years (!) since I was in your shoes: studying for the GMAT, researching MBA programs, lining up endorsements from current and former supervisors, and starting to write application essays. It feels like not nearly that long ago, yet I appreciate the big picture view that time span affords. No matter when you decide to apply, the Stern MBA will have value long after graduation.

Investment in Yourself 

Pursuing an MBA full-time is a big investment of time and money, and I firmly believe it’s one of the smartest long-term investments you can make in yourself. I’ve seen first-hand how it can significantly change the trajectory of your career, help you weather economic storms, and create career optionality, not just in the short-term, but throughout the course of your life. This is still true today. Take a look at our employment report to see the ROI of the Stern MBA. 

Versatility for Your Entire Career Journey 

My MBA experience allowed me to try an industry and functional career switch with my summer internship. It then helped facilitate a move back to the financial services industry, but at a higher level, in a new geography, at my dream company, and in my preferred functional area. It set me on a course to grow laterally and rise up the ranks at that company.  And when it was time to make a midlife pivot for a “second act” career, my MBA experience and network helped me navigate my way to Stern to lead the Full-Time MBA Admissions team.

At Stern, you’ll take core business classes that will help you build foundational skills that are broadly applicable across various industries and functions. You’ll also be able to customize your MBA experience with over 200 electives and seemingly endless opportunities for experiential learning. You’ll be part of the vibrant NYU community in the heart of NYC. You’ll be just a short subway ride from many prospective employers, a wide array of industry resources, and a vast network of Stern alumni ready to pay it forward. As a Stern alumnus, you’ll continue to have access to the support of the Careers team and have the ability to audit classes, so you can stay at the top of your game as your interests and the job market evolve.

Meet Your Future Forevers

I also made some great friends during my MBA, and in fact, met my best-friend-now-husband while setting up a fantasy football league for our b-school classmates. During your MBA experience at Stern, you will create friendships and a professional network that will be with you long after you graduate. I cannot promise that you will find your life-partner, but your MBA experience will last a lifetime. 

My husband and I during business school!

If this all sounds good to you, I hope you’ll consider applying to Stern. If you feel you are ready, don’t wait. If you aren’t sure, know that we’ll be here to help you along the way.

Be the First to Know When the Application Goes Live

Sign up here to receive more information about Stern direct to your email inbox, including notification of when our applications for the 2023-2024 cycle are live.

We also offer many virtual and in person opportunities to learn more about Stern. Join us in person on campus for a information session and tour, or at one of our many stops around the world this summer. We also offer virtual “Ask A Sternie” coffee chats with current students, virtual information sessions.

Best wishes as you begin the first steps of your MBA journey!

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My Experience in Leadership Fellows

Anna Gallagher is a current Full-time MBA student, specializing in Strategy, Management, and Leadership & Change Management. Prior to Stern, Anna worked in various HR roles at The Boeing Company. Post-MBA, she will join the Amazon Web Services HR Leadership Development Program. At Stern, she is on the boards of Stern Women in Business and Student Government. Anna is a Leadership Fellow, Board Fellow, and Forté Fellow. She is also a Stern Graduate Ambassador. Anna loves Broadway musicals and has seen 10+ shows as a Sternie.

This year, I was fortunate to participate in NYU Stern’s Leadership Fellows Program, an incredible opportunity for MBA students. The purpose of the Makhoul Family Leadership Fellows Program is for students to accelerate their growth and position themselves as leaders within their organizations after Stern. The program includes monthly classes and one-on-one mentorship. 

I loved that the Leadership Fellows program is highly experiential. For example, in several classes we role played workplace scenarios with the help of professional actors. Scenarios included a board of directors discussing a contentious issue with a CEO, a manager coaching a rockstar employee who refuses to work with the team, and an employee advocating for a promotion while being dismissed by management.

In another class session, we focused on understanding the experiences that have shaped us as people and as leaders. We first identified major events, achievements, and moments over our life. We then plotted these events across time and used a vertical axis to indicate the level of positive or negative impact each event had on us. In class we shared our “lifelines.” It was an incredibly moving session as my peers vulnerably shared their greatest heartbreaks and proudest moments. I got to know my classmates so much better and this exercise deepened the trust and respect we had for each other. I encourage you to do the “lifeline” exercise, too. I suspect it will be helpful as you prepare your MBA application and consider your post-MBA goals!

As a Leadership Fellow, you are assigned a mentor to meet with monthly. My mentor was a rockstar Stern alum and professional leadership coach. In our monthly sessions we discussed my career goals, values, and how I can apply class learnings to my daily life. In one of my favorite meetings, we role played a difficult conversation I needed to have and practiced taking the other party’s perspective. 

My Leadership Fellows section (one of many) was deliberately capped at 12 students. The small class size supported vulnerable conversations and gave me ample opportunity to participate in class exercises. Despite the small class size, my section was incredibly diverse including students from the full-time, part-time, and Tech MBA programs. 

If you are looking to gain self awareness, practice leadership skills in a safe setting, connect deeply with other Sternies, and receive regular one-on-one mentorship, then I encourage you to apply for the Stern Leadership Fellows program!