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I've followed this thread for a while and was afraid to jump in. I got into the Washington Square Weeknights yesterday as a re-applicant. I figured I'd post my stats:
25/m-Caucasian 690 (92% verbal, 68% quant., 5.5 AWA) 3.84 undergrad (smaller school in DC area) 3.5 years work experience in corporate finance at a $2bil/year company Good rec's/essays Extra curricular: audit chairman at a charitable org, regular blood donor, couple of softball leagues
As far as paying, my company's policy is to reimburse 100% for an "A" and 50% for a "B" or "C". I'm trying to work something out outside of the policy, but I'm not optimistic. Either way, I still need to take out loans up front...
I was flat out rejected on the notification day last time around. This time, I made sure to make improvements to all three of the sections under "Selection Criteria" (academic profile, professional achievements and aspirations, and personal characteristics). I re-took the gmats and went from a 600 to a 690 with my biggest improvement coming on the quantitative section (from the info session I went to at NYU, this is probably the most important section). I received a promotion at work and made sure I conveyed very clear-cut career goals and objectives. Finally, I took on more leadership roles in my activities, such as becoming the audit committee chairman for our district at a charitable organization as opposed to just being a general member. Like Nick79 said, I wrote all about this in Essay #4, and I did not re-do Essay #3. I had 2 letters of recommendation again (only one was required), and they were from the same two people as my first application.
To answer another question on this thread, I submitted my application about 11 p.m. the day before the deadline (so basically 24 hrs before the deadline).
mrturbo311, You can not take a full time course load. If you are admitted you will send in your enrollment deposit and sign a document that states you will not be permitted to take more than 9 credits in fall and spring and 12 credits in the summer, which is basically one additional course per semester. I even think that in your first semester you need special permission to take 9 credits. There are people in my class who have gotten laid off so have petitioned to accelerate and take more credits, however you need to have completed all of your core courses first and it is decided on a case by case basis and is by no means guaranteed. So, you can decide not to work if you want, I guess ( I have no info on this), but don't expect to be able to take more courses. Additionally, as a new student you are low person on the totem pole for the lottery, electives will be filled with students who have seniority and are closer to graduation, before you are allowed to register for any of those additional classes. This is a part time program for working professionals, you can not manipulate the system to treat it as a full time program, if you get in. Good luck!
Classes are generally 3 credits each, some are 1.5 credits. The program is designed to be completed in 2 to 6 years. You need 60 credits to graduate, so you can do the math for yourself. You should really spend some time looking around the website to familiarize yourself with the program. www.stern.nyu.edu If you click on "prospective students" you will find alot of info, you can look under both full time program and part time programs. Also click on "current students" and then go to sternlinks, where you can get a lot of info, even without a stern ID or password. You have to apply separately to part time and full time programs adn you can only apply to one. It is not fair to everyone else who is working to try to sneak into the part time program and treat it as a full time program. If you want to go full time then apply full time.
Finally heard back from the admission committee today. Got into the week end program. I heard back from the admission committee about three weeks in regards some documentation. I took some classes overseas as part of college curriculum in lieu of few classes here. Apparently they wanted the actual certificates from that university or get it attested at that country's consulate. Was a pain to get them. Finally submitted the copies last week. The representative who I was in touch at NYU was very helpful in the process.
My stats: GMAT 700 (V35 Q50) Work experience: 3.5 years at a fortune 500 company Reco: Good I assume as doing MBA is encouraged and reimbursed
I was hoping for some help with this problem from the quantitative practice set. Here is the problem...
The Go-Go Bus Line provides rides between New York and Boston. The bus line carries 18,000 passengers per month, each paying $50 for round trip. The company wants to raise the fare. However, the market research department estimates that for each $1 increase in fare, the bus line will lose 200 passengers per month. The total monthly cost of the bus line is $950,000.
What is the profit function f(x), where x is the dollar amount of increase in fare?
Since this is in the practice set the answer is also available just below. The answer is....
So how is that function derived? Is that a standard formula? Yes, after testing it at a few points I could see that it works. However, I could not come up with that formula before looking at the answer. While working through it, I was very tempted to make a "revenue" term and "cost" term, which would have necessitated the introduction of a new variable (p, for passangers). Long story short, I was obviously on the wrong track there.
Not a standard formula - it's just derived from the question... profit is the revenue minus the cost of the bus... so you multiply the ticket price times number of passengers, and subtract cost. Think of doing the calculation without a variable fare... then you have to modify to allow for x... I'm sure this doesn't answer your question fully... but a quick half-response
Hi Nick: If you are going only weekends I don't believe you can accelerate unless you take additional courses on a weeknights (offered from 6-9 on Mon, Tues, Wed or Thurs). Weekend courses (except for intensives) are only offered on Saturdays either from 9-12 or 1-4. SO going strictly on weekends you can't take more than 6 credits (2 classes) during a regular semester. Additionally, I think you need permission to take more than 6 credits your first semester anyway. Classes are generally 3 credits each, some electives and a few of the core classes (strategy, etc.) taken during intensive periods are 1.5. You need 60 credits to graduate. SO I think going only weekends and taking classes during Jan and summer sessions starting in the Fall you would likely hit 60 credits to graduate in May 2013. I am a Westchester student. If you go on the new student tour and join the fb group I know there is at least one weekend student answering posts, she would have more info. Hope this helps.
Just got the good news for Washington Square weeknights! The admissions folks sent me an e-mail last Friday asking me to provide some detail on my plans to attend class in NYC while living in Philly. Since it's something I've thought about considerably, I had a lot to say. I sent it back Friday afternoon and just got notification about an hour ago.
Here's my stats again: 27/M Undergrad GPA: 3.49 (Finance, minor in business law) GMAT: 670 (higher verbal than quant... bit concerned with that) Exp: 3.5 yrs within different finance roles of a Fortune 50 company Ex-military Certified Management Accountant (CMA) Rec's: Good (Group Finance Director, and current supervisor) Essays: Pretty good, I think... spent a lot of time on all of them
Being a part time MBA applicant I was very surprised being called for the interview. Some of the reasons that come to mind is my Russian Education, and the lack of the background in finance or accounting. So if anybody knows what to expect in the interview, type inquiries, style of the interview in Stern ext. please share your knowledge.
I would assume they are very similar to full time interviews. I don't see any reason for them to be different. Did you indicate a career switch in your application or do you have a long commute?
Age = 28 GMAT = 450 Undergraduate GPA/Liberal Arts = 2.7 W/E = (1) Former U.S. Marine/combat Veteran(enlisted) who LED 12 plus Marines in an infantry squad in Iraq. Blown up by suicide bomber and shot at countless times - never mentioned in application but my medals/ribbons communicate this well. (2) currently working as an Intelligence Assistant for prestigious government agency
END RESULT OF APPLICATION PROCESS = DENIED admission.
Veterans, A high GMAT score is the only thing that matters at STERN, or maybe it was my lack of leadership skills...lol.