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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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How NYU Stern Helped Me Transition out of the Military

Grant Ward is an MBA2 specializing in Finance and Business Analytics. Prior to Stern, Grant spent eight years as a Black Hawk helicopter pilot in the United States Army. During that time, he lived and worked all over the US and Europe, including a three year tour to Germany. He recruited for Management Consulting and plans to join Boston Consulting Group in their Summit, NJ office this coming summer. Grant is a Graduate Ambassador for the Admissions Department as well as an active participant in the Military Veterans Club and Stern Golf Club.

Transitioning from the military into a new career is not an easy task. For those of us that have spent any amount of time in uniform, it can sometimes seem like a different world. After completing my term of service in the Army, I wanted to move back to the NYC metro area to be closer to family and pursue a career that would provide meaningful work and an opportunity to grow professionally. Admittedly, I didn’t know exactly what that would look like, but with the help of the Fertitta Veterans Program and an incredible supportive group of Stern Alumni, I couldn’t be happier about my future at BCG. 

Leading up to my time at school, I spoke to many alumni and veterans who had graduated from NYU and those interactions played heavily into my decision to attend Stern’s MBA program. As a community, this enthusiastic group provided unvarnished feedback on the student experience, as well their post-MBA careers. They answered every question I had about different industries and functional areas and introduced me to several opportunities for transitioning veterans. Before I arrived on campus, I spent hours on the phone with a number of individuals committed to my success and, through that informal research, determined I wanted to pursue a role as a management consultant.

Beginning my MBA as part of the Fertitta Veterans Program has been such an important factor in my success. This program offers unique advantages financially, academically, and professionally. While not all program participants are offered a scholarship, those that do are often able to complete a two year-full time MBA with little to no out of pocket expense. That, coupled with VA benefits, makes pursuing an MBA and forgoing two years of professional work experience an easy choice by removing the number one obstacle associated with living in one of the world’s most expensive cities. Completing two core courses in the summer prior to school was also a huge help going into my fall semester. Many military veterans do not have undergraduate experience in business and taking Accounting and Statistics with a small and supportive cohort of other veterans was a great way to learn two topics that are critical to the remainder of the program as well as your follow-up career. Finally, a number of company treks and corporate presentations offered on Fridays throughout the summer term were a great way to learn about many of the firms that recruit at Stern and network with some of the veterans and alumni there before the fall recruiting cycle.

Completing my summer term as part of the Fertitta Veterans Program is only the beginning of the adventure. It wasn’t until I arrived on campus that I realized the full array of support and guidance available to MBA students trying to pivot into an entirely new career. The Office of Career Development, as well as the student-led professional clubs, were pivotal to informing me of internship opportunities, fostering connections at companies I was interested in, and preparing me for both applications and interviews. The Management Consulting Association was my “one stop shop” throughout application and interview prep and helped me succeed in finding my dream job. I began this process knowing very little about what a consultant actually does and how the biggest consulting firms recruit each year’s class of MBA hires. That lack of initial knowledge did not prevent me from leveraging the resources available to earn an exciting summer internship opportunity with BCG. I enjoyed my internship immensely and plan to start full-time with them this coming July. While I certainly put in the hours, the student and alumni community were the most important component of my success.

My key message for any veteran considering an MBA at NYU Stern is that this community understands what you’re going through and we have the knowledge, experience, and enthusiasm to help you achieve your goals. Nowhere else did I interact with such a hands-on group of students, faculty, and alumni. In every encounter, I received open and honest feedback and throughout my student experience, I have been immersed in an abundance of professional and academic opportunities for growth.

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Allow Me to Introduce … Part 3

Hey readers! Have you heard of CORE Leader? Did you know a current Sternie amongst us is the CEO and founder of this company?

62% of the Stern student body come to school to work in finance, management consulting, or marketing (official Stern statistics here). The remaining 38% pursue non-traditional industries such as non-profit, entertainment, or technology. But there are the special and very talented few that become entrepreneurs during their time at Stern. I am lucky and honored to not only know one of them, but also to call him a dear friend: Chris Shaw.

Chris Shaw Core Leader

Chris is a current full-time MBA2 and a US Army veteran. During his time in the Army, he was stationed with the 82nd Airborne Division out of Fort Bragg, North Carolina (just like me!) and is now CEO and founder of his own company.

Evelyn: Hi Chris! Thanks for sharing your story. Can you tell the readers a little about yourself and what you did before Stern?
Chris: I am from Old Chatham, NY, a small town near Albany and went to Cornell University for undergrad. Before Stern, I flew Kiowa Warrior Armed Reconnaissance helicopters in the US Army for eight years. I deployed to Afghanistan twice, where I mostly flew at night, staring into two round, green TV screens one inch from my eyes (AKA night vision) for about 1,000 hours of my life.

E: Wow! You’ve had an amazing military career. When did you realize you had the “entrepreneur bug”?
C: I actually wanted to start my own company before even applying to Stern. In fact, I didn’t know exactly what my business would be, but I knew that the skills from an MBA degree would help me reach that goal.

E: Can you tell the readers a little about your company, CORE Leader?
C: CORE Leader is a team building business. However, unlike most businesses in this category, we do not do “trust falls” or scavenger hunts. Instead, we teach a battle-tested form of dynamic problem solving and reinforce it with a mobile, military-style challenge course. Think “Tough Mudder” meets “Escape the Room”.

E: What are some of your favorite parts about being a CEO, founder, and entrepreneur?
C: I like that I can set my own priorities and focus entirely on what is important to me. I enjoy not only coming up with features of the brand and the product experience, but also testing out new ideas without seeking approval. Finally, I like the feeling of making a sale and knowing that I just made my business more valuable and financially stable.

E: I can only imagine how tough an entrepreneur’s journey is at the beginning. How has Stern supported you as an entrepreneur?
C: Stern has been instrumental to CORE’s success. Besides the knowledge I’ve gained through their classes, the Berkeley Center awarded me a $10,000 fellowship grant to support my work this summer. I couldn’t have asked for better support from the school.

E: What classes at Stern best prepared you for CORE Leader success?
C: I used lessons from every class I took at Stern while starting CORE. A few examples really stand out though. A combination of Accounting and Corporate Finance allowed me to put numbers to the business plan. Brand Strategy helped me understand my personal brand and how I could turn it into a highly differentiated business. Social Problem Based Entrepreneurship walked me through the development of a business plan, which resulted in a solid foundation for the getting the company off the ground.

E: If you had advice for an entrepreneur pursuing an MBA, what would you tell them?
C: Getting an MBA will definitely make you a better entrepreneur, no matter how deep your prior subject matter expertise in your venture’s industry. Every class you take will give you tools to make smarter business decisions as a founder.

E: Okay, time for my favorite part. Evelyn’s Quickfire Attack: KMC elevator or stairs?
C: Oh man. I’m the worst and I can’t believe I’m admitting this, but… sometimes I take the elevator to the 2nd floor!

E: If you want to catch up with a friend: Sosnoff or 4th Floor Starbucks Lounge? (if neither – list where)
C: I like to hang out in the lobby after classes to catch up with people.

E: Finally, what does being an entrepreneur mean to you?
C: Taking on all the risk and reaping the potential reward (or enduring the failure) of a new business. It is a hard path. It can be uncertain and lonely. If it is your calling – if, as Prof. Galloway says “you feel like you just have to do it” in spite of the inevitably bleak risk-adjusted reward possibility – then commit to it and go at it, full force. If you hesitate at all, you will find it very hard to do what it takes to really succeed.

Thanks for sharing your journey with us, Chris! Learn more about CORE Leader here.

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Allow Me to Introduce … Part 2

In honor of Veterans Day this November, I am proud to announce that the Military Veterans Club at Stern will be holding the first ever “NYU Stern Veterans Week” this year. We will have a variety of events for the Stern community such as an MBA veterans Q&A panel where Sternies can ask us about our military experiences, a bootcamp workout session, and a guest speaker event featuring a retired two-star general officer.

VeteransWeek2015

It was an easy decision that my second coffee chat in this blog should be with a fellow MBA veteran here at Stern. To give a fresh perspective to the Stern experience, I sat down with Todd Gardner from Lexington, North Carolina, US Army veteran, and full-time MBA1 student. Todd is currently recruiting for finance after spending the past seven years with the 3rd Special Forces Group out of Fort Bragg, North Carolina (Airborne!).

Evelyn: Hi Todd! Can you tell the readers how you and I first met?
Todd: We initially met at Stern’s Veterans Summit Day for prospective students in 2014. It was a fantastic event!

E: As military vets, our backgrounds are usually quite different than some of our classmates’. What did you do before Stern?
T: Prior to coming to Stern, I was working in the Army as a Special Forces Engineer, also known as a Green Beret. Some highlights of my job were going on three deployments to Afghanistan, becoming the team expert on everything related to explosives, working with some of the most talented and driven individuals I’ve ever met, and frequently jumping out of airplanes and helicopters. Okay, I’m lying about that last one – I always mildly hated it. But other than that, it was truly a dream job.

E: Like many of the blog readers, you were probably considering a few different MBA programs when applying. When did you realize that Stern was the right choice for you?
T: I first visited Stern through the previously mentioned Veteran Summit Day, “A Day in the Life” at Stern organized by the current MBA veterans. The more that I interacted with everyone in the Stern community, the more I realized that Stern really believed in admitting well-rounded students. Stern checked all of the boxes for things I really valued in a business school experience.

E: I know you’re only into your first semester, but what is your favorite class at Stern so far?
T: Foundations of Finance, with Professor Silber, has been my most enjoyable (and probably toughest) class so far. It’s challenging, but interesting, and I think that he’s an outstanding and extremely engaging professor.

E: Now on to the really important questions … Where is your favorite place to grab lunch around Stern?
T: Coming from the South, I was extremely hesitant to move to NYC because of the depressing lack of Chick-fil-A’s in the city. As it turns out, the only one in the entire city is only two blocks away. So yeah, I guess that’s my favorite. (Editor’s note: As of Oct 3, the Chick-fil-A flagship in NYC opened in Midtown. See you in line, Todd!)

E: Complete this sentence “When I have 30 minutes free on campus I like to …”
T: You can usually find me in the school lobby, where it’s nice to run into friends and catch up for a bit between classes.

E: Quick fire question time! KMC elevator or stairs?
T: Stairs, but my cutoff is the 5th floor. If I’m going to the 6th floor or higher, I’m definitely riding the elevator.

E: If you want to catch up with a friend: Sosnoff or 4th Floor Starbucks Lounge? (if neither – list where)
T: Neither. Other people like grabbing coffee, I prefer to grab a beer. Luckily there are a few solid watering holes around Stern that have been great to catch up with friends as well as get some studying done.

E: With Veterans Day coming up, what does being a veteran at Stern mean to you?
T: It means two things to me. First, it’s being a part of a very tight-knit community that is extremely supportive and very diverse. The Stern veterans have such varied background and are some of the most well-rounded people I’ve met. It’s an honor to be a part of the Stern vets community. Second, many of my classmates had never personally known any military veterans, so it has been fun getting to share my military stories and experiences with them. 

Thanks for sharing your story, Todd! And Happy Veterans Day, everyone!

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Hello, My Name is …

Hey everyone! Evelyn here, reporting from East Village, NYC! The weather is a brisk 30*F, with wind chills of — oh, sorry, not that kind of report!

This is my first post for the Stern Blog and I am so excited to “meet” everyone! I hope that my point of view may help some of you as you progress in your MBA journey.

Since this is my first post, I wanted to introduce myself properly, share my background, and explain why I came to Stern.

I grew up right outside of Boston, MA. After high school, I decided to attend West Point, which is a 4-year service academy where graduates go straight into the military as Army officers. I spent 5 years in the Army as a communications technology officer. In layman’s terms, my soldiers and I were responsible for making sure everyone we worked with had stable internet and phone connections whether training in the backwoods of North Carolina (Airborne!) or at war in Afghanistan.

When I wasn’t dealing with servers, routers, and parachutes, I was always keeping up with pop culture. Movies, TV shows, celebrity he said/she said headlines, and more. As my military contract was coming to an end, I did some major self-reflection on what I’m truly passionate about in life, what I spend my free time pursuing, and trying to see if there was a business function tied to that industry. Here was the following criteria that I gave myself when selecting an MBA program:

 – Does this MBA program have a strong entertainment-friendly curriculum? (Check! Stern has one of the top Entertainment MBA programs in the country)

  – After 5 years between Texas, Afghanistan, and North Carolina, is this MBA program closer to my family? (Check! NYC – Boston is just a 4 hour bus ride)

 – Is the location somewhere I can see myself having a healthy lively social life? (Check! New York City … Need I explain further?)

 – Do I like the Stern culture? (Check! I visited the campus a few months before my application deadline and fell in love with the friendly study body)

This is not and should not be a universal check list for every MBA applicant. I encourage all of you to make your own personal checklist of priorities and how each and every MBA program measures up against it.

I do not believe in blindly applying to MBA programs just because they top the US News & World Report rankings that year. There is no shoo-in pre-MBA career field, no magic GPA or GMAT score, and no perfect answer to what you want to do after your MBA. Once you figure out what inspires you, then and only then, should you research what schools are a good fit for those goals (and hopefully Stern ends up on that list!)

Hope everyone has a great Thanksgiving! Stern gives us the entire week off for Thanksgiving (+10 points for NYU) so I will be home in Boston enjoying my mom’s Chinese food. Have a great break!