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Calling All NYU Stern Fall 2011 Applicants

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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 23 May 2011, 13:10
guys, any R3 activity so far? offers? the general deadline is in a week...
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 23 May 2011, 14:02
Ask your question here, please. I will try my best to respond.

xiao85yu wrote:
Solaris1, I'm going to be entering Stern in the fall and wanted to see if I can ask you more about the recruitment there. I couldn't find a way to pm you, but let me know if you have some time to talk about it offline.


Ha. True there are a couple of marketing and general finance types in there, some trading types too, greater non-US hiring by Citi this year I think.

3underscore wrote:
I am surprised about #2 on that list. There must be a stack-load of marketers and general finance management folk arriving in LIC.


deea23, I don't think our careers office releases this information so all I can offer is anecdotal data. Out of the international students I am good friends with, and who would freely talk about their recruiting successes (or lack thereof), very few have been forced to do something different because of visa issues. Most internationals I know are returning to their summer internship employers (mostly in finance, IB, and S&T) and have the visa stuff sorted out. Ditto for the McKinsey/BCG/Booz Consulting types. These employers will make the effort to solicit interest from international students and handle all visa stuff on their behalf.

The international students I know (and I can only think of a handful at the moment) who have had trouble were largely people looking to get into marketing and fixed income research.

The research guy is from continent A (not Asia) and only wants to work in continent B or C, he can probably find a job in continent A quite easily. So the visa issues he faces are a bit more complex. As far as marketing is concerned, internationals did land jobs but they were for positions outside the U.S AFAIK. Nonetheless, we did have at least one student who found a marketing job with a major electronics company that was willing to sponsor his visa. So your own experience may vary and depends considerably and what you want to do. Hope this helps?

deea23 wrote:
I was wondering how many of these 73% are international students, who require visa sponsorship in order to work full-time. I am particularly interested how the major banks look at this issue - do they make the effort and recruit international students, or do they generally prefer U.S. citizens/residents? How many international students did Citi, Deutsche, ML etc recruit?
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 24 May 2011, 08:01
anyone who interviewed last week hear back yet? also, those who have recieved recent admits...was it via email or phone?
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 24 May 2011, 08:34
solaris1 wrote:
Ask your question here, please. I will try my best to respond.

xiao85yu wrote:
Solaris1, I'm going to be entering Stern in the fall and wanted to see if I can ask you more about the recruitment there. I couldn't find a way to pm you, but let me know if you have some time to talk about it offline.




No problem, I was just wondering if Stern released the numbers for the placement? does it go from 40 recruits from #1 to 4 at #10?

As far as BB recruiting goes, I'm a bit surprised that Goldman and UBS are so low on the list - I didn't expect Deloitte or Amex to be so high. do most people get their interviews through interviews scheduled through the career office or is it really up to the candidate to get proactive?
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 24 May 2011, 11:46
cgeorge4415 wrote:
Joining the class of 2013, here's my story

waitlist - march 22
invite to interview - April 29
interview - May 12
admitted - May 16

Didn't send in any extra info after being waitlisted!

Can't wait to start meeting everyone!


Congratulations! Hopefully some of the other WL's get good news soon.
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 25 May 2011, 00:20
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It does, but those placement numbers are for internal consumption only, I'm afraid.

Based on the data I provided earlier, which once again is about a month old and reflects the # of acceptances only (and not # of offers) I can however tell you that the #1 company hired 11 more MBAs than the #20 company. So the range in the number of MBAs hired by the top #1 company and the #20 company is not as drastic as what you guessed.

Keep in mind that the top 20 hired only about 35% of the entire class. This should tell you that there are a lot more companies hiring just one or two Stern MBAs.

With regards to GS and UBS particularly, not sure why GS comes as a surprise. I'm told its recruiting process is probably the most involved and intense as far as jobs at investment banks go, and thus I figure only a handful of people go through. UBS, I can give a more informed answer. Unless I am mistaken, UBS shows up relatively lower on that list because the U.S. offers it made were overwhelmingly for their Research and Trading divisions, both of which hire significantly fewer people than say IBD.

Of course, it's also possible that a bunch of people simply turned down their GS/UBS offers and decided to go elsewhere. And yes, people do turn down offers from GS as well, although I reliably only know of one who did so (good friend of mine - international). I do know another girl who summered at GS but isn't going back, but I'm not that friendly with her to know precisely whether it's because she turned them down, or she got no-offered at the end of the summer.

AmEx and Deloitte have in recent years always been among the top recruiters at Stern. Very strong NYU Stern alumni networks there and they really go all out during on-campus recruiting.

Slightly more than half of all students get offers through formal on-campus recruiting, another fifth to a quarter I would guess through other school-initiated programs like job fairs, alumni cocktails, or club networking nights, a tenth probably either go back to their old employers or start their own ventures, and I guess the remainder really just swing it through their own individual networking efforts. There we go - hopefully I got everything, xiao85yu!

Now that all my grades are in, I can officially claim to be an MBA! I will indeed, as 3underscore pointed out, be leaving to travel around the world for the next couple of months, so my participation in this thread is probably coming to an end. Nonetheless, you should all feel free to reach out to the Graduation Ambassadors at Stern Admissions directly if you have questions - there's usually a couple of cool new graduates working over the summer there.

Good luck to those waiting, and congratulations to the Class of 2013! Hopefully your experience at Stern will be as memorable as mine.

xiao85yu wrote:
No problem, I was just wondering if Stern released the numbers for the placement? does it go from 40 recruits from #1 to 4 at #10?

As far as BB recruiting goes, I'm a bit surprised that Goldman and UBS are so low on the list - I didn't expect Deloitte or Amex to be so high. do most people get their interviews through interviews scheduled through the career office or is it really up to the candidate to get proactive?
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 25 May 2011, 20:09
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Amex is a huge Marketing relationship with Stern. It has some general finance too.

UBS doesn't employ many people because, if you hadn't looked recently, it is having somewhat of a stressful time in the US. I so want to say something less politically correct, but...

GS doesn't recruit many people. Look at the size of the firm, and be aware they recruit more heavily at analyst level. All their earnings are trading - the IB part (a natural MBA home) is relatively small. Wealth management is pretty big there for MBAs.

I know a lot of MBAs want to work at GS, but they could do well to know what the firm actually looks for beforehand. Their MBA intake has never been huge.
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 26 May 2011, 06:47
3underscore wrote:
Amex is a huge Marketing relationship with Stern. It has some general finance too.

UBS doesn't employ many people because, if you hadn't looked recently, it is having somewhat of a stressful time in the US. I so want to say something less politically correct, but...

GS doesn't recruit many people. Look at the size of the firm, and be aware they recruit more heavily at analyst level. All their earnings are trading - the IB part (a natural MBA home) is relatively small. Wealth management is pretty big there for MBAs.

I know a lot of MBAs want to work at GS, but they could do well to know what the firm actually looks for beforehand. Their MBA intake has never been huge.


Really interesting stuff, 3underscore and solaris1. Out of curiosity - as I'm sure I'll learn much more in the coming months anyway - which banks would you say recruit heavily for equity research at Stern? Any independent shops on campus? Thanks in advance.
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 26 May 2011, 09:17
Ok - most places. DB and BAC take a good number, as do BARC. JPM is maybe about too. C has focused on Undergrad for research, JPM might have gone that way too. Not sure on MS or GS do direct MBA recruiting. Nomura have a presence now in research now, as do a number of smaller places that you might need to approach. RBC take folk.

Buyside is way harder and you need to really work. Neuberger and Fidelity definitely show up.

Forgot About the Swiss. They both do, though no one I know seemed to stay at UBS for long...

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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 27 May 2011, 06:39
3underscore wrote:
Ok - most places. DB and BAC take a good number, as do BARC. JPM is maybe about too. C has focused on Undergrad for research, JPM might have gone that way too. Not sure on MS or GS do direct MBA recruiting. Nomura have a presence now in research now, as do a number of smaller places that you might need to approach. RBC take folk.

Buyside is way harder and you need to really work. Neuberger and Fidelity definitely show up.

Forgot About the Swiss. They both do, though no one I know seemed to stay at UBS for long...

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Thanks for your continued fielding of our questions 3underscore. Along the same lines, which banks are most Stern-friendly in terms of the pure old-fashioned IBD (i.e. not trading, research, etc.)?
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 27 May 2011, 18:33
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IBD - all of them. Way more of a lambs to the slaughter business. Stern is respected and recruits through the Bulge Bracket down to the other tiers and boutiques. I my opinion it takes some skill in being a dick not to get an IB internship at Stern if that is *really* what you want to do and are interested in.
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 29 May 2011, 08:15
solaris1 wrote:
There we go - hopefully I got everything, xiao85yu!


Thank you solaris1 and 3underscore! Congratulations and wish you the best, solaris1.
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 06 Jun 2011, 12:32
Tomorrow marks 3 weeks since my interview. If I don't hear should I call? They said a decision would be made in 2-3 weeks.
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 15 Jun 2011, 10:29
Dinged.

R1 applicant.
W/l w/o interview since 1/11
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 30 Jun 2011, 04:32
So I guess all the admits chat has migrated to the FB group... but I thought I'd post for the record that I've decided to accept my offer from Stern and - all being well with immigration - will be starting at Stern in August.

I look forward to meeting you all!
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Re: Calling All NYU Stern Fall 2011 Applicants [#permalink] New post 16 Aug 2011, 15:11
Expert's post
This thread is for the NY Stern 2011 Application Year, meaning applicants that are starting School in the Fall of 2011.

Please direct all of your questions for this year into the 2012 thread

calling-all-nyu-stern-fall-2012-applicants-116635.html

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Re: Calling All NYU Stern Fall 2011 Applicants   [#permalink] 16 Aug 2011, 15:11
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