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!

Standardized Tests

Sita Goetschius is an Associate Director of admissions at NYU Stern School of Business and an MPA student studying non-profit leadership and policy at the NYU Wagner School of Public Service. Outside of work and school, she loves to explore NYC’s many parks and finding the best cacio e pepe in town.

If you’re considering applying to business school but are worried about taking a standardized test, you’re not alone. You may be overwhelmed at the thought of taking a standardized test after years out of school, or wondering how to study and prepare. 

A lot of applicants are understandably nervous about taking a standardized test. That’s totally normal! While tests can be intimidating, I’d like to share some insight on how we on the Admissions Committee review test scores and hopefully help break down this part of the process.

How do we review tests and what tests can you submit?

Standardized tests are one way for us to assess your readiness for a rigorous academic program, particularly for the quantitative focused parts of the MBA. We assess test scores in the context of your entire application and the strengths you show in other portions of the application. Keep in mind, test scores are only one way we get to know you. 

NYU Stern’s Two-year Full-time and Focused MBA programs accept the GMAT, GRE, Executive Assessment Test (EA), MCAT, LSAT, and DAT. We have no preference for test types and encourage applicants to take a practice exam to see which test they feel most comfortable with and which aligns better with their skillset. Remember that Stern reviews your overall highest test score.

We also have test waiver options for our MBA programs.

To be considered for a test waiver, submit a test waiver request form by November 1. We ask for portions of the application to review your academic readiness to evaluate whether or not including a standardized test score would enhance our understanding of your readiness for our program. You’ll also be required to submit a brief summary of your academic readiness for the MBA program. 

Once you submit these documents, they will be included in your application record, which means you don’t need to re-submit them with your application. Learn more about our test waiver option on our website

NYU grads – you’re in luck! If you graduated with an undergraduate degree from NYU with a 3.20 or higher cumulative GPA, you can waive the testing requirement through our NYU + MBA program.

We’re often asked if the test waiver puts applicants at a disadvantage for scholarship consideration, and I’m here to tell you it does not! Applicants who are granted a test waiver will still be considered for merit-based scholarships.

Did you know that 61% of people who retake the GMAT improve their score after retaking it? 

Test taking itself is a skill. Standardized tests are unlike a lot of situations in your life, and it’s completely normal not to get the score you want immediately. Think of the first time you take the exam as a “dry run”, and consider retaking it again. Some of those first-time jitters may recede, plus you’ll be more familiar with the environment and test proctoring procedures. You can always submit updated scores after applying for us to review. 

If you want to make significant improvements in a particular area, consider test prep options. Having someone to cheer you on and structure a study plan can help take some of the stress of managing test prep off of you, and allow you to focus on memorizing those obscure vocabulary words.

Another option is to look into switching tests. Start by taking a few different practice tests and see how you do on them. You may find that the way the questions are asked or the format aligns better with your skillset. That’s what recent alumna Mara Walsh did, and you can read more about her experience on our blog.

Remember that the test scores reported in our class profile are averaged across the range of admitted student test scores. Many people fall above and below the average, as you can see in the 80% range of scores. Each applicant brings different strengths to their application and the test score is just one piece of the application.

Finally, remember to take your time to prepare, and sit for the exam when you’re ready. Everyone’s test prep process is different. If it’s been a while since you’ve studied for an exam, think back to what helped you focus in college. For me, that meant finding a favorite corner in the Brooklyn Public Library, lots of snacks, and using a Pomodoro timer to stay on track with built in breaks. 

When I took the GRE for my master’s program at NYU Wagner, I pushed back my original test date by three months, and I’m so glad I did. I was working full time and needed a little extra time to drill in on some concepts. Now, I’m about to enter my final year of my master’s program and am looking forward to graduation at Yankee Stadium in May!

My Experience with Standardized Tests*

Mara Walsh is a recent graduate who specialized in Marketing and Leadership & Change Management. Prior to Stern, Mara spent four years working in merchandising at Abercrombie & Fitch, followed by two years in digital marketing at Wayfair. In addition to serving as a Graduate Ambassador, Mara served as a VP of Alumni Relations for Stern’s Management Consulting Association (MCA), VP of Admissions for the Graduate Marketing Association (GMA), and a Block Leader. Mara originally hails from Wilmington, DE and received her undergraduate degree from the University of Notre Dame. Mara now works at Deloitte as a Senior Consultant in its NYC office. 

It’s no secret that the MBA admissions process can be a stressful one. For myself and many others, most of that stress was brought on by standardized testing. I have struggled with standardized tests for most of my life and don’t exactly feel qualified to advise applicants on how to approach them, but I hope that sharing my experiences with the GMAT and GRE will be helpful to those about to embark on the same process. 

When I made the decision to apply to business school in late summer 2019, I chose to study for the GMAT on my own, rather than hire a tutor or pay for a prep course. I purchased a GMAT prep book, studied for about 2 months, and ultimately took the test for the first time in October 2019. Though my practice test results weren’t far off from the score I was aiming for, my performance on the test was much lower than what I thought would be acceptable for top tier business schools. I knew going into the exam that I would struggle with the data sufficiency portion of the quant section, and the anticipatory stress and pressure of taking the exam made matters worse. 

I was determined to improve my score, and subsequently took the exam twice more in November and December. Despite having more studying under my belt and trying new tactics to control my test-taking anxiety, I saw very little movement in my scores. I didn’t think there was much else I could do to improve my GMAT, so I submitted my application to Stern that January. 

In March 2020, amid the beginning of the COVID pandemic, I learned that I had been waitlisted at Stern. I graduated from college with honors and I had several  promotions at reputable companies on my resume, so it didn’t take much reflection for me to realize I needed to improve my standardized test scores to give myself a chance of being admitted into Stern and other business schools. 

I initially assumed that MBA programs had a strong preference for the GMAT over other standardized tests; however, I noticed on MBA message boards that the GRE was a potential option for those who may struggle with the quant portions. From my experience, the GRE’s quant questions are similar in terms of subject matter, but much more straightforward. As soon as I was waitlisted, I wrote to Stern reiterating my commitment to staying on the waitlist and indicated that I intended to take the GRE to improve my overall score. 

I spent a lot of my free time in the early days of lockdown studying for the GRE. Like with the GMAT, I studied from a prep book and took practice exams online. I ultimately took the test twice (from home on my laptop, of course), improving my score the second time. I knew that my application was strong overall, and I wanted to use my commitment to improving my score as an opportunity to prove to the admissions committee that I was going to work hard as a student.  I was admitted to Stern from the waitlist that summer. 

Looking back, I’m proud of the resilience that went into improving my standardized test  scores. That said, I would not recommend taking any (or more than one) standardized test five times! Instead, as you begin the process of considering an MBA, take some time to read up on which exam is best suited to your skillset. If the math section of the SAT wasn’t your thing, consider giving the GRE a try. If you take the GMAT and think you have a reasonable chance of improving your score with more studying or personal tutoring, go for it! But if after one retake you see little movement in your score, I’d recommend giving another test a try (in addition to the GMAT and GRE, Stern also accepts the Executive Assessment Test (EA), MCAT, LSAT, and DAT). 

Finally, if you find yourself on the waitlist like I did, take some time to reflect on what might make your application stronger. Stern places a tremendous amount of value on EQ, so demonstrating your self awareness with respect to your strengths and areas of opportunity can go a long way in the admissions process. 

*Please note we accept the GMAT, Executive Assessment, GRE, LSAT, the MCAT, DAT, and we consider standardized test waiver requests. Visit our website for more on our standardized tests policies.