It changes from the 3-4 sentences about your app being presented to the Admissions Committee and the date grid to:
"The Admissions Committee has completed an initial review of your application and would like to invite you to interview at NYU Stern. An interview invitation has been emailed to you, and you can visit the Interview Scheduling Website to schedule your interview. We look forward to meeting you."
You get an email immediately after the status change.
I'm 28 / 3.1 from a top 5 public univ / 750 / 6 years work exp / CPA / good extracurriculars. If there is anything else you want to know, PM me.