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Advice for Incoming Tech MBA students

So, you are finally about to start your MBA experience at Stern – it is exciting and a bit intimidating, but I am sure you are looking forward to beginning this life-changing journey! Last January, I was in the same situation as I was approaching the first classes; now after a few months, I want to share with you some advice that hopefully will help you best prepare and  making the most out the Tech MBA experience at NYU Stern:

1. Take time off if you can 

Before starting my focused MBA, I had heard many times that the Tech MBA was intense, but I wouldn’t have imagined it was going to be this intense! Classes are really fast paced and there is a fair amount of pre-work and group-work required for each class, so if you have the opportunity take a couple of weeks off, it’s worth it to arrive well-rested for the beginning of the first semester. 

2. Adjust to NYC life 

From finding and furnishing your apartment, to sorting out your finances (if you are an international student), there are many things to figure out when moving to NYC. 

Here are a bunch useful links and apps that I found useful when I first moved here:

– NYU recommended resources for apartment search. I personally used Loftey, and they helped me find the apartment I wanted without paying any broker or extra fees.
 – Sometimes Ikea and other furniture shops have long delivery times, in this case I found
 second-hand furniture app quite useful.
– The NYC restaurants scene is one of the most exciting – use Resy to discover new places and to search restaurants by availability for up to 20 people (quite useful to organize gatherings with your classmates!).
– Last but not least, take advantage of being a student again: use Unidays to get discounts on restaurants and shops.

3. Map out your goals
Between clubs, networking events, workshops, course electives, conferences, and entrepreneurial competitions, there are so many exciting opportunities at Stern that you might want to take part in – however, it’s really impossible to do everything! So lay out your plans and goals to help identify critical opportunities and stick with your priorities. Of course, your plan can change during this year, but having a set of goals you want to achieve will help you navigate among all the exciting activities happening around you. 

4. Start socializing from day 1 

You will be surrounded by an extraordinary cohort of students, all with different experiences and perspectives, so getting to know each other is not only fun, but it can help you better understand what you want to do post-MBA. Building meaningful connections with your cohort is one of  the most valuable aspects of this experience. So don’t hesitate to organize after-class drinks, dinners and trips together from day one – time goes really fast!

Outside of your cohort, make sure you leverage clubs as a way to connect with the wider Stern community – CampusGroup will be your go-to resource to join clubs and discover events!

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Advice for Admitted Students

The second year of Tech MBAs is currently being recruited and if you are one of the lucky candidates that got admitted, first of all, congratulations! I have received quite a few questions from admitted students who are planning for the year ahead. Below I will try to answer the most commonly asked questions:

 

How do I best prepare myself for the year ahead?

If you have the opportunity, I would try to take some time off in between resigning from your job and starting the program. Not only is there plenty to organize if you are moving to New York, but also mentally I think it is beneficial to take some time to switch from employee to student mode. Finally, make sure to make time now for your friends and family!

 

How do I find a place to live in New York?

There are two options: student housing or the regular housing market. While the student housing is very close to campus, the Stern graduate housing has similar pricing as regular housing while being shared, so most students decide to find something on their own. Students from our class live all over the city: in Manhattan, Brooklyn and also New Jersey. Where you want to live depends mostly on your personal preferences and budget. The rental market cycle in New York is later than most other cities and typically viewings are two to four weeks before the rental start period. If you prefer to share, some of my classmates met at one of the admitted student events and decided to live together!

 

How do I make the most out of the year?

It is a bit cliché, but I personally believe that if you don’t know where you are going, you will never get there. Therefore, before the start of the program, take a moment to sit down and write out your goals. These can be academic, social, career and personal. An optional way to do it is to imagine yourself at graduation and write what you will have achieved. As the year progresses, look back at this document from time to time. This will allow you to stay focused on your goals, as the year will go by so fast.

 

I’m an international student, what should I do in preparation?

Besides the visa process, moving internationally is a bit more challenging. Firstly, finances: Open an American bank account as quickly as possible as this is often required for housing (often this needs to be done from within the US, with the exception of HSBC). I found TransferWise very useful to transfer foreign currency to my US bank account with low fees. Set up Venmo with your US bank account, which you will use it often to transfer small amounts to classmates etc. Secondly, phone plan: I remember that I received a SIM card from Mint mobile in my international student packet from Stern, which provides good value. Third, housing: You most likely need an US co-signer for renting an apartment. If you don’t have one, there are companies that will be a co-signer for you (for a fee) such as TheGuarantors. I also find that larger real estate companies like Two Trees are easier in the process of renting out to international students than individual land lords. These companies don’t require international students to pay a couple months of rent upfront which many individual landlords do.

 

Can I work during the year?

As an international student on an F1 visa you can only work on campus. There are several job possibilities, although all require an application process: teaching assistant (supporting professors) graduate ambassador for the admissions office, or support on an undergraduate trek. If you are eligible to work in the US you can of course also do internships during the semester. Whether the workload is manageable is a personal question. I have classmates who work 5-10 hours a week with no problem and classmates who say they would not manage that. Typically, the first summer semester is very intense, but the fall and spring semesters have a bit more flexibility as those semesters you will not have class on Fridays.

 

If you have any more questions that are not answered above, don’t hesitate to reach out at mbaga@stern.nyu.edu!