NYU Langone Fall 2009

Question

Welcome to the NYU Langone Fall 2009 thread!

Hoping to get some support and share experiences that have brought us so far and ease the waiting game that we will play for the next 2 months.

My Stats:
26 - Female
GMAT 680
WE - 6 yrs, IT, Good Career Progression
Solid Recs
Decent ECs
Applied: May 14th

Update: Received appstat password today.

reversemix · Answer

Agreed and plus these days, the full timers need the part timers for leads because getting a job isn't as easy as before!

Definitely get involved, be a core group leader, join a club or the part time leadership forum. You're paying the same amount of money regardless so why not make the most of it? It's hard to meet new people just through class alone, being involved in activities will really help to expand your network.

LangoneAspirant · Answer

Hello,

To all those accepted and/or from previous terms, can you please elaborate on the study material for the 'Quantitative Skills Test'.

Is the GMAC MBA Survival Kit - Quantitative Interactive CD required or is it possible to pass the test with the math sample questions given on the Stern-Langone site?

Can you please share your experiences and what study material you have.

Thanks.

nyu200999 · Answer

I am also interested in the above, anyone have any experience with the quantitative test?

langone2009 · Answer

I think if you understand and can do the sample questions you will be fine for the test, basically if the topics are just review for you. I ordered the CD because I have never taken calculus and all of this is new for me. You have 3 chances to take it and score 80+. If I were in your shoes I would review the study questions and give the test a shot. If you don't score high enough you can get the CD and take it again.

Has anyone heard back about their kroll verification yet? I did it almost a month ago and no word from NYU, just email from Kroll saying they received it the next day.

Has anyone heard back about their kroll verification yet? I did it almost a month ago and no word from NYU, just email from Kroll saying they received it the next day.

StFall2009 · Answer

Accepted! Notification came last week!

Sent the enrollment and verification forms today!

Ironically, came across this a nasty blog on NYU partime describing all about not worth the money, no recruitement etc..
and some related posts. I think it is a hazy subject until I actually get into this..

Although I had a general idea on this, Now I have my fingers crossed.. Hopefully, I am not running 100k down the drain!

phoenix09 · Answer

How much money do you have to give them initially? Can you just take one class a semester and pay in smaller increments?

StFall2009 · Answer

It is $2000 as enrollment deposit. They deduct it from the Fall semester tuition- Comes close to $10,140 depending on the electables..

You need some kind of approval to take fewer than 6 credits.

asiankida · Answer

Has anyone applied to full time program as well? Wonder what's preferred or if there's a certain level of appropriateness to each individual and his/her career goals?

and would you say part time application process is easier?

reversemix · Answer

I believe the process is more difficult with the full time, i.e. their essay questions require longer responses. The acceptance is partly based on economy. When people are losing their jobs, the number of full time apps rises dramatically. I know that the incoming part time class this year is the biggest we've ever had. I personally feel like the program is worth the money but only if you take advantage of the networking opportunities and participate in some of the clubs and other organizations. The recruitment process is less helpful for part time students as compared to full timers however it's getting better every year. The faculty is excellent and you will learn things that you can immediately apply to work. The class is typically split into two groups, those who want to change jobs and those who want to advance in their current position. I can't speak for the first group but as for the second, I've gotten multiple promotions at work thanks to what I've learned in just one year of classes so it's definitely worth it.

phoenix09 · Answer

reversemix..please clarify..the PT class is the biggest or the FT?

I would assume since most people are reimbursed by employers, and it seems that the trend for education benefit cut backs and firm savings is growing these days, that PT would have less students.....

asiankida · Answer

That's great and encouraging news. Congrats to you on your promotions. Is it appropriate to pursue a part time MBA if I were to pursue a position as a buy-side analyst in an investment firm? I am already in the industry so career change is not really desireable for me.

3underscore · Answer

From what I remember, the Quant test is best prepared for by the GMAC CD. It isn't particularly difficult (though I like Math) but I think it is better to work with the more complete source.

I seem to recall running through it fairly quickly more as an oversight of what was on the CD, and brushing up on the less immediately obvious.

reversemix · Answer

Sorry, I realize that my statement was a bit confusing. The PT class is the biggest, not sure about the FT. I think they just accepted more PT students than usual. A lot of PT students actually are not being funded by their firms. I was surpised to learn that. Also, if you want to participate in the full time recruitment process, you can't be funded by your firm either as it presents a conflict of interest.

phoenix09 · Answer

Just a guess on the larger than usual class..maybe b/c they, like most schools, lost a ton of their endowment, they need to make more $$ to cover planned expenses.

I am surprised that so many students are willing to take on such an expense and added financial risk in this economic environment.

reversemix · Answer

Even if your firm does reimburse for tuition, the IRS only allows 5250 to be given tax free so depending on your tax bracket, you may still end up paying for 30-40% of the tuition through taxes. I think some people who are looking to take advantage of the full time recruiting thinks it's worth the cost.

reversemix · Answer

I think the finances classes can certainly help to expand your current knowledge.

phoenix09 · Answer

And I assume yearly cost would be around 20K (10k Spring/10K Fall)? So you are on the hook for paying taxes(6K@ .40) on around 15K of firm money? Is that accurate?

reversemix · Answer

If you are on the 5 year track then that is accurate. It's roughly 10K for every 6 credits. So with just spring and fall, you'll be doing 12 credits a year. You need 60 to graduate. You'll probably end up taking some winter and summer courses to speed things up.

reversemix · Answer

Just another reminder that there is a facebook group for your incoming class. We will be posting events that the part timers are holding over the summer. These events are open to you guys as well so free feel to participate and meet some of the current students!

https://www.facebook.com/group.php?gid=99043116845

phoenix09 · Answer

Are there any tax benefits to those who pay the full tab out of their own pocket? Obviously they would not have to pay the tax on the reimbursement over 5K. I guess you could apply the 20K to a tax credit of some sort ever year?

NYU Langone Fall 2009

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