Why I Chose Stern

The timing of this post is not a coincidence.  There is plenty of discussion happening in school regarding the U.S. News & World Report rankings—what happened; why it happened; what the administration, faculty, and students can all do to address the situation.  I did not intend at all to write a post about it, but the other day I was inspired by some of my professors, who have privately voiced to us the efforts they pledge to make to ensure that we the students do not suffer as the result of one slight but unfortunate oversight.

Honestly I did not expect my professors to get involved, and when I was applying to Stern I definitely did not even think about how important it might be to have professors that do care about a situation that might adversely affect their students.  So I feel very fortunate.

I can tell you what I did think about though when pulling the trigger on which school to attend, why I had (and have) no regrets about leaving behind my past life and why I turned down a considerable scholarship at another top MBA program to go to the school that I saw as the best fit for me and the best fit for my future:

I chose Stern because I saw unparalleled opportunities.

THE OPPORTUNITY TO LEARN WHAT I WANT:

One of my professors today pointed out that Stern weirdly doesn’t advertise the number and diversity of the courses you have access to as a Stern student—so here I am to fix that.  Stern has over 200 electives and over 20 specializations.  This semester alone, about 140 electives are being offered, among which are nine “Doing Business in…” (DBi) courses (one- or two-week experiential study abroad courses that you can read more about in my classmates’ blog posts).  Check out more details in the graphic below:

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As of March 2016

You first need to get through your Core Classes (two “required core” classes plus five out of an available seven “menu core” classes) within your first year.  As someone who had no business background but who wanted flexibility and choice when it came to what I was learning, I appreciated the concept of the menu core.  Meanwhile, if you do have some experience and want to jump ahead, I can say that many of my friends were able to test out of their remaining requirements and take all electives by their second semester.

Straight out of my own admissions essay, what I loved about Stern is that when I visited the school I got “the sense that Sternies coexist happily with one another because each has been given the capacity to pursue his/her own personalized goals.”

THE OPPORTUNITY TO WORK WHERE I WANT:

We all know that networking is key, and so I knew I had to pick a school that would allow me the most touchpoints with the companies I’m interested in, whether through official events and/or alumni.  Geographical area was also a factor, but it was a preference for me rather than a necessity (though you seriously can’t beat the location, as my classmate Alex will tell you in his blog post, “Downtown New York – Why It Matters”).  Upon arriving at Stern, as I did with my classes I decided to take advantage of the slew of possibilities before me and expand upon my initial target interests.  I participated in investment banking recruiting with over 100 of my classmates, and I must admit that the access I had to people at these firms is not for the faint-hearted (I also need to mention that IB recruiting is as extreme as it gets, and that it was my choice to take on as much as I did):

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Investment Banking Recruiting: a very extreme example.

Including the case competition (at the very top), that’s 16 touchpoints with 11 different firms in one week (admittedly my busiest of the semester).  If this is what you want, regardless of industry, I really don’t know many other schools where you could do this.  And I can’t even tell you how many different people I met at these events, although many were alumni eager to recruit their own.

Indeed, lest the outdated belief that we’re “just a finance school” still persists, Stern alumni are active across all industries.  As an admitted student at Preview Weekend (which I highly recommend you attend if you can), I was impressed by the accomplishments of our alums and the sheer number of them who came back to campus to share their positive Stern experiences with us.  Personally, I felt that the best indicator of the quality of a school is how willing students and alumni are to give back and help each other succeed—and I haven’t been proven wrong yet.

THE OPPORTUNITY TO CONNECT WITH GREAT PEOPLE:

On that thought, while meeting those alums at Preview Weekend reaffirmed for me that I had chosen the right school, the Sternies I’ve met since then have only continued to surprise me with their magnanimity.  After Preview, but before I moved back to New York from Los Angeles, a friend introduced me to an “MBA3” who had just graduated and was moving out to L.A.  Unsure of what awaited me in the Fall, I requested a coffee chat, and he was more than happy to meet with me.  He also introduced me to two MBA2s, who were out in L.A. to intern for the summer.  Seven months later, when I lost out on a summer internship opportunity I really wanted, I contacted him again for general advice, and he responded immediately.  His busy schedule required him to reschedule our phone call about seven times, but each time he apologized profusely to me, telling me that he didn’t want me to get the impression that helping out a fellow Sternie wasn’t important to him.  When we finally did have the phone call, he gave me the most helpful, relevant advice I had received in my job-search process, something I had hoped for but couldn’t have possibly expected to receive when I was making my decision to attend Stern.

That may be an above-and-beyond example, but it isn’t too far off from the kind of support I’ve received since being at Stern.  As I mentioned in my first blog post, “Block 2, I Love You,” my classmates have only helped me be better than I would have been without them.  They’ve encouraged me and helped me prepare for interviews, they’ve kept me posted about events and opportunities, they’ve stayed up studying with me the night before an exam in the Starbucks Lounge, pushing me to get through a practice exam even as I was so physically exhausted from recruiting that I was nodding off at the table as they spoke to me.

So there you have it.  Opportunities I knew I wanted but didn’t know how or when I would take advantage of them.  To that point, as much as you think you know what you want when you’re applying and choosing to go to business school, it’s impossible to know exactly what you’re going to get.  Sometimes it’s more, sometimes it’s less, but when you’re taking into account the slew of decision factors, know that making the “wrong” choice isn’t the end of the world, but making the right one, the best one, can introduce you to a world you never knew before.  When making your decision, ask yourself what really matters to you and your future, where you foresee yourself having the fewest or no regrets, and if possible, choose your best fit based on that.

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Camps Bay, Cape Town. A moment unimaginable—South Africa Spring Break Trek 2016. (Photo credit: Ria Tobaccowala)

A Week In the Life Of…

Friday company visit to Mars Chocolate
Friday company visit to Mars Chocolate

The question that I get asked most often since I started my MBA at Stern was “So what’s a typical day like?”

Sadly, (as cliché as it may sound) there is no typical day here. My schedule seems to fluctuate from hour to hour, each one jammed packed with academics, recruiting, interning, club events, social life and of course sleep. Therefore, in an attempt to give a more holistic view of what it’s actually like to be a full-time MBA student at Stern, we’ll go over what a “typical” week looks like.

Monday
My week starts off typically with lots of groaning, a full breakfast, and coffee. Then at 10:30am, I make it to my first class, Corporate Finance, taught by one of Stern’s best, Professor Damodaran (PS. A few of is lectures are recorded and online for free, so you should all check him out). Afterwards, I typically catch up with friends over lunch regarding the weekend before heading to my next class, which is taught by another superb professor, Dolly Chugh: Leadership In Organizations.

I have a short break from 4:30-6pm, where you can find me either at a group meeting or catching up on emails while eating dinner. From 6 to 9pm, I have my last class of the day, Entertainment Media Industries, which also happens to be the core requirement class for the EMT specialization here at Stern. Mondays are my busiest days, so I’m always happy to be back home and in my bed at the end of it.

Tuesday
I don’t actually have class until 1:30pm on Tuesdays (Foundations of Finance with the amazing Professor Silber), but one of the great perks of Stern is its location and the endless opportunities that NYC brings. I’m interning this semester at an indie film distribution company, so I actually head to work first thing in the morning, then straight to class.

Before my 6-9pm night class, I have a good 3 hour break where I can attend club events (which are often training or info sessions), go on coffee chats, go to the gym, and even cram homework.

Wednesday
I’m back in Corporate Finance at 10:30am on Wednesdays, and then straight to work after class, where I’ll be for the rest of the day.

Thursday
I love Thursdays because I have nothing scheduled until class at 1:30pm! You’ll still typically find me on campus around 10am latest though, where I’ll be attending various group meetings, club and recruiting events.

Thursdays are also amazing because they are Beer Blast days. Beer Blast, for those unfamiliar, is a four hour open bar (beer and wine only) hosted a different club every week from 6-10pm in Stern, and is open to all full and part time MBA students. After class gets out for me at 6pm, that’s where we usually end up. After the week of classes, recruiting, and meetings, beer blast is the best way to unwind, catch-up and get to know your classmates better over some food and drinks.

Friday
Stern doesn’t have any classes on Fridays in order to accommodate all the other activities that we have going on. If there isn’t a student club hosting a conference that week, then there will be some sort of trek, company visit, symposium, and/or coffee chat set up. It’s also a great time to catch up on work, school and sleep. Personally, if I’m not at some sort of student club event or a trek, then I’d be at work Fridays.

Just a semester in, and already seeing the world through a new lens…

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My alarm clock jolted me awake at 8:45 a.m. on Saturday, December 19th. Having completed the last exam of my first semester at Stern just a day earlier, I was feeling relieved to have a relaxing, if temporary, respite from the academic demands of business school. With tickets in hand to see a morning showing of “Star Wars: The Force Awakens,” I was ready to slip out of MBA mode and into the “home-for-the-holidays” state of mind.

A few minutes later, my friend Sam, who I was visiting up in Boston, poked his head into my room. “Hey man,” he said, “I’m heading to the gym before the movie – there’s some Special K cereal in the cupboard and K-Cups for the Keurig if you want anything – oh, and feel free to eat in the living room, Apple TV’s all hooked up.” He started to walk out the door then added, “also, I figure we can grab some Chipotle after Star Wars if you want.”

As Sam shut the door behind him, I sat there, surprised at the thoughts that came rushing into my head. While on the surface, our morning exchange might have seemed rather innocuous, for me, it was the first time I truly realized just how much Stern has changed my perceptions of the world. In the time it took Sam to utter a few quick sentences referencing everyday items and brands, my mind was making linkages back to all I had learned and experienced in one short semester.

Rather than just thinking about which flavor K-Cup I wanted to make, I was again pondering Green Mountain Coffee Roasters’ acquisition of Keurig, as I had been just a few days earlier in Strategy. Mention of Special K cereal took be back to another case study on big companies like Kellogg contracting out excess production capacity to make store-brand cereal products for retail stores. And of course Apple, a company that, as Professor Scott Galloway eloquently puts it, has “moved down the torso” from the consumer’s head, to the heart, and beyond, to maximize margins while transforming from a tech company into a luxury brand.

I always believed that undergrad was where you “learned how to think,” and grad school was where you gained a specific set of technical skills. But my early morning exchange with Sam was revealing that at Stern, your way of thinking and perceiving evolves as well, and there is no such thing as “slipping out of MBA mode.” Where I once saw brands, products, and prices as a consumer, I was now seeing the fruition of behind the scenes business processes – strategic decisions, supply and demand analyses, complex pricing models, and the like – as an MBA.

Of course, as a result of my first semester, I can comfortably put together a CFFO, build a game theory decision tree, and analyze a regression. But more importantly, I can now see the world in a whole new light, and think in a way that would have never been possible without my Stern experience.

Don’t Fear Finance

One of the reasons I decided to come back to school was fear — fear of finance. One glimpse at a stock symbol or supply-demand curve and a wall of incomprehension quickly rose until it froze my brain, forcing me to flee to lighter news topics. I didn’t get Finance, and I didn’t think I could.

But fear is no way to live life, and as my career progressed, I realized the need to confront this fear. In my chosen field — corporate social responsibility — there’s the need for individuals who can work cross-functionally and make convincing cases for ethical and environmental practices in the “language” of each department. Finance is no longer something I can avoid.

So this semester, I am in Professor William Silber’s Foundations of Finance class, one of Stern’s core courses but also one of its most popular. Professor Silber has been teaching this class for a while, and he has the ability to lay out complex concepts in a way that is clear and comprehensible. At the end of each class, he asks one of his favorite questions: “How would you explain this concept to your old aunt?” Breaking down the lesson into simple take-aways is a great way to hammer in the class’s concepts.

Now don’t get me wrong. I’m not saying that Finance is easy, nor am I saying that I completely understand it — yet. But I trust that by doing the work, I’ll prove to myself that I can get there and that there was nothing to fear.