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Leadership Opportunities at Stern

Before I joined NYU Stern’s Tech MBA program, as an aspiring manager, I always wondered what opportunities would the school provide for me to grow as an impactful leader? How would these compare to the two-year MBA program? And, how do I prepare to arrive at school so I can best leverage these opportunities?

After completing almost a full year in the program, there are a number of opportunities I participated in that helped me strengthen my leadership & management skills while making the most of the program. I hope you consider participating in these as you choose to pursue your own Tech MBA!

  1. Cohort Leader Opportunity: Early in the academic year, Stern gives a taste of what winning an election must feel like, haha! Jokes aside, students elect a cohort leader who serves as a liaison between the administration and your Tech MBA class.  
  2. MBA Admissions Graduate Assistantship: Into the second semester, Admissions Committee selects 3-4 candidates as the face of Stern’s Tech MBA program. These students regularly mentor, guide and serve as ambassadors for both the aspiring MBA students and the admitted students. *wink* they’re the best *wink* As a GA, I have loved talking with so many of you about your journey to business school!
  3. Professional Club Opportunities: There are a number of professional clubs which provide important board positions for the Tech MBA students. Every year, 1-2 students get elected to executive positions within Stern Tech Association, Management Consulting Association, Data Analytics Club, and more. This serves as an excellent opportunity to shape the experience of Tech MBA students for next decade, especially given how the Tech MBA is still relatively new.
  4. Fun Club Opportunities: In addition to professional clubs, Stern also has a lot of special interest and affinity clubs. I personally am closely involved with Stern Football Association, Stern Follies, South Asian Business Association at Stern and Stern Comedy Club. So, spread your wings and find where your affinity lies – most clubs reserve a leadership position for Tech MBA students, which is a great way to get even more involved.
  5. Orientation Leader: Each year, the Office of Student Engagement recruits 4 Orientation Leaders who work to enable a smoother transition for the upcoming cohort. Personally, the Orientation Leaders were real gems when it came to guiding my initial exploration through the program after moving to New York from India last year. I am thankful for their wisdom, and the it seems like a really fun position!
  6. Miscellaneous: Apart from the aforementioned formal opportunities, Stern’s diverse, EQ-centered community continually presents other platforms to rise up and shine as a community leader. Just last semester, when we were struggling with Finance, some knights in shining armor rose up to use their professional experience to guide us in our projects :). Additionally, students who went through the Fall recruiting process and have their job secured have been hosting casing practice and mock interviews for those of us doing just-in-time recruiting in Spring. Even in small groups, Stern students show their leadership and commitment to helping fellow students.

To summarize, not only are there a ton of opportunities available for students to explore, you will also be able to create your own opportunities as you navigate through this amazing journey at Stern.

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How to Pick an Apartment in NYC

Moving to New York City for the first time is not easy, it is a whole adventure. It is even harder when the decision of coming to the city has been made quickly. Through this brief post, I want to give some advice on how to do it, so the experience can be smooth and efficient.

There are three things that you should consider before moving: budget, area and building requirements.

The first thing that must be decided is the budget. Once you have a clear range defined, you can look which areas of the city have places in which you are comfortable with the prices. To do this, use apps like StreetEasy and Naked Apartments. Both apps will show you basic information about each building and prices. Beyond this, I recommend looking for ratings of the buildings for previous experiences, which is a good way to know if the buildings are in good shape or if the landlords & property managers behave in a professional manner when faced with difficult situations. This will save you many problems.

Most upcoming Stern students try to look at areas close to the NYU, often in West Village or East Village. Nevertheless, the school has a bus that can take you all around the city, so it is good to map out your location against that route and the subways.

After knowing budget and area, it is important to analyze building requirements. There are buildings that ask for proof of income for one year, or a guarantor. These requirements could be difficult to meet as you are going to be studying for at least a year, and even harder if you are an international student. Therefore, it will be more efficient to know which buildings can adjust to your situation.

This city moves very fast, so if you see an available apartment one day, it could be gone as quickly as the next day. I recommend you have four or five buildings/ units in mind. I also recommend visiting the city for four or five days and conducting apartment visits. Once you see any apartment that you like, ask for an application and move forward (if possible, on the spot). You don’t want to lose your chance!

With this approach you will have an apartment in your budget, in an area that you like, avoiding stress in the process. It is a whirlwind of an experience, but it’s all worth it to live in such an amazing city!

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Building Community in the Tech MBA Program

A huge part of the Stern experience is getting to know your classmates, Stern alumni, and faculty, and building long-lasting relationships.

I have to admit I was a bit nervous about making strong connections in a one-year program, however I’ve been blown away by the professional and personal relationships I’ve formed during my time at Stern.

The one year Tech MBA program is unique because students take the full business “core” during an intensive summer semester. Tech MBA students dive head first into the curriculum and are in class together five days a week for 12 weeks. This summer semester creates the optimal environment to get to know the cohort very quickly. Not only are you paired with classmates during class projects, but students also get the opportunity to socialize during lunch and after class.

In the fall, Tech MBA students are fully integrated into the Stern community and join clubs and take elective classes with MBA 1s and 2s. I enjoyed participating in Stern Women in Business, Stern Technology Association, and Stern Adventures events to meet Sternies outside of my cohort. Additionally, clubs are a great resource to meet alumni and network with the broader Stern community. Through club engagements I’ve met alumni at top tech firms and formed relationships with them to help me through the recruiting process.

Outside of the classroom and formal Stern sponsored events, there are opportunities for students to gather socially and travel together. Our cohort organized a ski trip to Utah during winter break, which was a great way to bond while participating in a fun activity. My classmates have gone on hiking trips and a group recently traveled to Colombia for spring break. Throughout the semester, our class also holds a weekly happy hour on Wednesdays that anyone can attend. We’ve even taken food tours in various NYC neighborhoods and gone to karaoke! Spending time in and out of the classroom with my cohort has been so much fun.

I’ve made lifelong friends at Stern and am confident that the supportive network I’ve built will help me succeed in my career and beyond.

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Moving to NYC for the first time?

One of the most exciting parts of the Stern Tech MBA program is the opportunity to live and be a student in Manhattan! However, it can be daunting to think about moving to one of the most well known cities in the world. It is quite natural to feel intimidated, or even unsure, about making this kind of move. I moved to New York City from Boston in 2016, and while I had a network of friends from college already living here, I remember feeling overwhelmed by the apartment search process. There are so many neighborhoods and options, and it felt difficult to determine which apartments would be a good fit. 

I used resources like Street Easy and The Listings Project to look for apartments and eventually found a great spot in Williamsburg, which is a neighborhood in Brooklyn. I have lived in Brooklyn ever since, and found it easy to commute to Manhattan for class. If you aren’t a fan of waking up earlier for those 9am classes, it might make sense to look at housing in the West Village, Noho, or Soho to be able to walk to class, but for me it takes about 30-40 minutes via direct train to get to campus. There are different options for looking at housing during your time at school. NYU offers student housing, which is very close to campus. Pricing wise, the student housing might not be much cheaper, so many students decide to look for apartments on their own. Many people in our class live together after meeting online or at pre-MBA events. My classmates live ALL over the city, in Manhattan, The Bronx, Brooklyn, and even New Jersey. New York City is on a speedier rental cycle, so most apartments go on the market about one month prior to the move in date. At first this worried me, but once I started searching, I realized there were so many options it didn’t make much of a difference. It’s important to have documentation like your admission letter, bank and tax statements, and prior landlord information on hand when you are looking, because the process can move quite quickly. Remember that there is no wrong neighborhood to live in!

New York City has so much to offer. I am constantly reading about new restaurants on The Infatuation, and starting the MBA really opened me up to new spots, cultures, and amazingly fun activities with my new classmates. Even as someone who had been living in the city for quite some time, it was incredible to connect with classmates and have tons of fun in a city where so many people were just moving to and making the most of. And remember, a home can be whatever you need it to be, so once you settle into your student routine, you will be able to control your pace and make plenty of time for rest and recharge. 

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Why is it Important to Understand Innovation?

Joseph Schumpeter, one of the most important economists of last century, related growth with the capacity to innovate. He coined the term “creative destruction” to describe the process of disrupting old habits (products, services, practices, etc.) for new ones. He saw capitalism as the most useful system to incentivize the impactful power of entrepreneurs to create and deliver value for improving quality of life for people.

In the last decades we have witnessed new technologies maturing in parallel, and due to the pandemic, many trends have accelerated. A lot of capital has moved from traditional industries to nontraditional, and new technologies and startups are disrupting old and long-lasting industries. This is supported by based technologies like cloud, IoT, 5G, blockchain, among others, that have been granting more innovation.

So why is it important to understand this? Innovation is uncertain and nobody can predict the future, but it does have patterns. Understanding how disruption has behaved in the past can allow us to understand in what part of its development each technology is located. Sometimes, technologies are received with a lot of echoes by the market, and we may think that they won’t stop until they have been generalized and used in many fields. Many times, this is only hype, fueled by a trend that won’t last. In order to improve, they may need more time, more capital, or perhaps the technology is not disruptive or useful enough.

Innovation normally coexists between three edges: technology, business, and regulation. Therefore, a Tech MBA is incredibly relevant. The program uses technology as a toolkit for facing business challenges in a way that creates and delivers value. There are cases in which is the problem involves more than simple business, like health tech, and understanding these concepts helps us drive impactful change.

We are living in a time in which most industries are trying to transform into tech. This transformation could be in how they reach their clients, in the experience that their customers have, in production, or in how they use data (among MANY others). Stern’s Tech MBA combines resources and knowledge to be able to connect the dots, lead teams, create capabilities to build a stronger vision for facing the future.

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Entrepreneurship at Stern

Stern offers a wide range of entrepreneurship opportunities. Whether you are looking to start your own company or join an existing startup as an early employee or cofounder, Stern has resources to help you achieve your goals. This post will explore some of the amazing centers, programs, and classes that Stern entrepreneurs can take advantage of during their time in business school.

Leslie E Lab
The Leslie Entrepreneurs Lab is a physical building in the heart of the Washington Square campus where aspiring NYU entrepreneurs from across all of NYU’s schools and colleges can meet to connect, collaborate, and tap into a vast array of resources to help develop their ideas and inventions into startup companies. Anyone currently at NYU can take advantage of the resources offered by the Leslie eLab, so it serves as a great place to meet current NYU students, faculty, researchers, and staff. In response to COVID-19, the eLab held virtual programming, workshops, and social events to help the NYU entrepreneurship community thrive during challenging times.

Berkley Center for Entrepreneurship
The Berkley Center for Entrepreneurship is a venture design studio within NYU Stern School of Business. The Berkley Center for Entrepreneurship exists to help foster entrepreneurship at Stern and provide support as entrepreneurs navigate the many challenges their new ventures encounter. The Center provides startup accelerator programs, mentoring, workshops and technical assistance, all designed to provide NYU students, alumni, faculty and staff with the skills and resources needed to discover and execute bold new ideas. The team members at the Berkley Center provide general advising services in addition to helping founders connect with subject matter experts in various functional areas such as branding, customer strategy, legal, prototyping, etc. The Berkley Center also hosts the Entrepreneurship Challenge and Stern Venture Fellows program.

Entrepreneurship and Startup Association (ESA)
ESA is a student-run organization with the mission to empower its members through unparalleled access to NYC’s vibrant entrepreneurial community. ESA provides education and information on the entrepreneurial resources available to Stern MBAs. By empowering and educating its members, ESA aims to position Stern as the broader NYU community’s hub for entrepreneurial activity.

Classes
Foundations of Entrepreneurship: This class is designed to increase the chances of entrepreneurial success by helping aspiring founders or startup employees identify and thus avoid a range of dilemmas all startups face. To do so, this class provides a broad introduction and overview of entrepreneurship based on a range of teaching methods including: academic research, cases, empirical data, videos, and guest speakers.

Managing the Growing Company: This course exposes students to the unique challenges of managing the growth of small businesses. It concentrates on building the company issues rather than start-up issues, although some cases and lectures explore start-ups as well. Included are studies of family businesses that have acute growth issues because of succession and family dynamics. It is designed for students interested in understanding the opportunities and problems involved in the management or operation of their own business, and it is also aimed at students considering employment in a small or midsized firm.

Endless Frontier Labs: Students will learn about the process of successfully taking new ventures to markets, including aspects related to development, management, and financing of ventures. The course will be centered on student observations of the interactions of startup founders & their potential investors. After familiarizing themselves with the startups’ ideas, students will apply basic analytical tools, drawn from management, econ, and finance to evaluate the size of markets, attractiveness of industries, financing options of early-stage ventures, sustainable competitive advantage of proposed strategies, and the risks and potential of ideas. Along with the experiential component, the course will introduce students to a framework for developing an entrepreneurial strategy.

If you are interested in a dynamic startup ecosystem with the resources, faculty, and alumni to help guide your experience, NYU Stern is a great place to begin or continue your entrepreneurship journey.

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My favorite course this semester: Emerging Technologies and Business Innovation

I started a Tech MBA so I could “speak and understand” technology, but mainly to use it as a tool to face business challenges and scale solutions. I am enjoying the program as the mix of courses is accurate for this goal. There are incredible courses related to business and others to technology. There are many special courses, but my favorite one has been “Emerging Technologies and Business Innovation,” dictated by the professor Alex Tuzhilin.

This course wraps up what every person who wants to develop a career around innovation would need to know. It starts explaining innovation as the interaction between business, technology, and regulation. With this in mind, we discussed a framework that was present all over the course: the can-do/ should-do. This is a useful perspective to understand how and when to use certain technologies considering their feasibility, context, ethics, and business sense.

We reviewed the history of innovation and technology, watching how certain technologies faced a phase of hype due to an excitement of the market (many times overreaction), but then they lose its attention (and its capital) because they are not useful. Sometimes they just die, or sometimes they come more solid and disrupt markets. Getting to see this in a conceptual analysis, with a big picture perspective, is useful to be able to understand the nature of innovation and use it.

After this framework, we analyzed technologies that passed through the phase of gloom and now are succeeding. These technologies have the potential to shape many fields in business and human activities. We saw virtual reality, big data, knowledge management, and artificial intelligence. In each case we reviewed what industries are impacted and the challenges around them for the present and the future. We saw industries like healthcare, education, work, among others.

During the course we not only studied these conceptual topics, but also reviewed cases around each topic and received guest speakers to put what has been learned in perspective. I really enjoyed the course because it was totally conceptual – now I feel more prepared to analyze our fast-moving world. I feel I have the tools to feed my curiosity looking to the future with a more structured framework.

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Why I Chose Stern’s Tech MBA Program

I always hoped I might go to business school, but five years into working, that goal felt more and more overwhelming. I didn’t see a world in which I would be willing to take two years away from my career trajectory and feel like the ends justifies the means. Working in the tech industry where new programs, technologies, and companies are launched daily, taking two years away from the hustle felt impossible.

Once I started to look into different programs, knowing I wanted to stay in New York City, I was pleasantly surprised to discover the Tech MBA program at Stern. At first I thought this must be too good to be true – how could one complete a full MBA program in just one year? Upon speaking to current students in the program, I grew more and more excited about the opportunity to complete an MBA in a year, within my specialized industry, and to join a cohort of students who share the same passion and commitment to the tech industry. 

I’d like to tell you about a few components of the program that make it special, and that have benefited me throughout the experience. First, spending one consolidated year in school felt like the right choice, because I would need to be very intentional about the classes I took and how I spent my time with clubs and social activities. I have really learned in to the experience – it flies by so quickly! 

Next, I wanted the option to take very technical courses and strengthen my product management acumen. I had always told myself I would learn how to code in my free time, but having the access to a blended business and technology core has helped me realize this goal. Taking classes like Dealing with Data, Data Science for Business, and Foundations of Mobile Networks have allowed me to learn how to code in Python, run data models in Weka, and understand the basics of network connectivity. We even had a session about UX design and a workshop on Figma, which I had always been too intimidated to learn in the past!

Finally, I was also attracted to the small class size of the cohort for the Tech MBA. While a typical MBA class might have up to one thousand students, I am really pleased that my Tech MBA cohort has fifty diverse, smart, and emotionally intelligent students. Over the summer, we were one of the only student groups on campus, and took all of our core classes together. This helped foster an amazing bond between the small cohort, and created strong, genuine friendships. We have taken East River boat cruises, planned Friendsgiving dinners, attended concerts, and hosted holiday dinner parties. I felt like I already had a community after living in New York for many years, but can say definitively that the cohort students from across the country and the world have become lifelong friends and future business partners. 

I can’t recommend the Tech MBA program enough – please get in touch if you’d like to hear about my experience further!

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My Favorite Class This Semester

One of the best parts about Stern is getting to learn from incredible professors who are experts in their fields. While many of my classes are engaging, there is one class that stands out above the rest: “Strategic Foresight and Predicting the Future of Technology” with professor Amy Webb. The objective of the class is to introduce students to the methods, concepts, frameworks, tools and techniques of strategic foresight, a multidisciplinary approach to deriving new insights about the future. To deliver on this promise, the class is organized into three sections each week 1. Introduction to methodology and a foresight tool 2. A deep dive into an emerging area of technology and 3. Practicing what we learned and applying concepts and tools to our final group project. Not only is the topic of strategic foresight extremely interesting, but the structure of the class also ensures that discussions are relevant and concepts can be applied to any business sector. We learn to identify signals in the world and make connections to form potential trends. We are challenged to imagine what the future of meat consumption will look like in 10 years, what the future of work will be in 15 years, and what the future of media will look like in 20 years. We learn to address assumptions and state uncertainties and back up our scenarios with quantitative and qualitative evidence. To give you a sense of the breadth of what I’ve learned so far, here are some of my favorite things we’ve discussed in class…

1. Why is Nintendo the most innovative company? When we think about Nintendo, we might think about Mario Party or Pokemon, but Nintendo was founded in the 1880s. Nintendo originally sold hand-painted playing cards. As the world evolved and technologies developed, Nintendo paid attention to the signals on the “fringe” and made bets to ensure they could stay in business. Nintendo transitioned from selling playing cards to developing games for malls, handheld gameboys, commercially available video game consoles, the motion sensor Wii, and many more innovations. This example clearly highlighted how companies can use strategic foresight to prepare for the future and remain ahead of their competition.

2. How will a refrigerator be used in 2031? At the start of class we are asked to do a re-perception exercise in which we imagine how everyday objects might be used in the future. Recently we discussed how refrigerators might be used to grow our own food at home, store essential pharmaceuticals, or in new areas of the supply chain as the world becomes warmer. This led to a discussion about when an object is still considered the original object…

3. What are the implications of synthetic influencers? We’ve learned about synthetic influencers like Lil Miquela and K-pop group “Eternity” in class. Prior to this class, I was not familiar with synthetic influencers and their potential impact on not only the entertainment and media industries, but also on society at large.

Throughout the semester, we work on a final group project. This is a great opportunity to apply the theoretical concepts and frameworks we learned step by step.

If you are interested in technology, want to challenge yourself to think differently about companies, societies, and governments, like to imagine what our futures look like, or just love learning new things, then this class is for you. Every week I look forward to rich discussions that develop because this class is a safe space for learning and taking risks. Each week the class time flies by as I absorb information from the professor and her guests lecturers/ class coaches. If you have the chance, definitely take this class!

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Why I Chose the Andre Koo Tech MBA at NYU Stern

As a Graduate Ambassador at Stern, I speak to a ton of prospective students. Multiple times per week, I’m asked about my experience and why I chose to pursue NYU Stern’s Andre Koo Tech MBA program. Although there are many reasons someone might pursue an MBA at Stern, here is why I chose the Andre Koo Tech MBA program:

One year program: The Andre Koo Tech MBA program at Stern is a one year accelerated MBA program. Students begin their MBA journey in May, take classes for one full year and graduate the following May. While students do not participate in a summer internship like a traditional two-year MBA student, the Tech MBA curriculum is designed to give students ample experiential learning opportunities to apply the skills they learn in the classroom in a business setting.

The one year program attracts students who are focused on learning the material so that they can directly apply learnings to their work. I wanted to pursue an MBA degree, but was worried about being out of the workforce for two years because in the tech industry everything is constantly evolving. The Tech MBA program provided a path to earning an MBA degree in a timeframe that met my needs.

Opportunity to learn technical skills: Prior to Stern I worked as a product manager at New York Road Runners. While I had experience working with technical teams and engineers, I did not have a background in computer science or engineering. Technology is changing the way business gets done and having a basic understanding of technological concepts and tools will be key in any business role in the future. I was eager to come to Stern to learn technical skills so that I can work more effectively as a product manager. The Tech MBA curriculum does not require prior coding knowledge, rather it is designed for students who are open to learning technical skills in a meaningful way. I’ve thoroughly enjoyed my Python and data science classes. While I do not intend to pivot into software engineering, I feel confident in my ability to understand technical complexities and communicate effectively with technical teammates.

Access to the Stern network and community: When evaluating business schools, I was looking for a strong network. I was drawn to the Tech MBA program at Stern because of the resources, alumni, and community that the school offers. As a focused MBA student, I have access to the same career center coaching, club resources, and alumni network as the two-year students. Part of business school is investing in relationships, and I felt confident that at Stern I would be able to thrive and meet intelligent, hard-working, passionate students and alumni.

Live in the greatest city in the world: I’ve lived in New York City for over five years and I’m still excited by the hustle and bustle and all New York has to offer. Each neighborhood is unique and there is always something new to explore. New York is a business powerhouse and as a student at NYU Stern you have so many opportunities to explore everything from the startup scene to the financial services industry.