Part-Time NYU MBA

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Part-Time NYU MBA

by NYC Texan » Sun May 22, 2011 6:32 pm
Hi,

I'm considering applying for the part-time Langone program for spring 2012 admission.

My motivations for this program:
- Achieve top ranked MBA while still living / working in NYC (long-term I'm likely to be back in TX and don't see myself pursuing a degree at a school other than NYU, Columbia or UT Austin)
- Maintain current salary (supporting my wife and expect to have first child in next 1-2 yrs)
- Obtain the MBA desingation and facilitate longer term plans to move from LevFin / debt capital markets role to more of a corporate finance or private equity role
- Currently at a top-tier bulge bracket IB and may have flexibility to make a desired career move internally. I would prefer this route if possible to avoid the risk of having to find a new job or company altogether via a full-time program (particularly if economy turns down while in a full-time program)

My profile:
- Bachelor of Business Admin, Marketing, 4.0 GPA, 3-yrs (State School)
- Master of Science, Finance, 4.0 GPA, 1-yr (State School)
- GMAT: 700
- Worked for 1 yr 2 months right out of college for a consulting / restructuring boutique based out of Texas
- Have been working for 1 yr 8 months in the LevFin function at top 5 bulge IB in NYC (would be about 2.25 yrs at the start of the part-time program in Jan 2012)
- Interned with venture capital fund in Africa for 3-4 months prior to full-time job in consulting
- Did a China business intensive study abroad as a M.S. finance student

My Questions:
1.) Any thoughts on my motiviations for the Langone program?
2.) Chances of admission given I will only have a couple years work experience at the time of my application?
3.) Chances of financial aid with GPA / GMAT?
4.) I understand part-time students do not have access to full-time job fairs, etc. That said, any idea of whether or not part-timers have success in making moves within the same industry (finance) by simply networking independently apart from the officiel recruiting fairs, postings, etc.?

I really appreciate any feedback or guidance you may have!

Thanks
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by Lisa Anderson » Mon May 23, 2011 11:17 am
Dear NYC Texan,

1.) Any thoughts on my motiviations for the Langone program?
2.) Chances of admission given I will only have a couple years work experience at the time of my application?
3.) Chances of financial aid with GPA / GMAT?

Your rationale for the Langone program is reasonable and in line with the motivations of a large number of applicants. Langone is a top-notch program, especially for those wanting to stay within the finance industry. Based on your profile, I do think your chances of admission are good as long as your application package is strong. You need to have a great set of essays and recommendations to present your compelling case for admission. Likewise, you want to have a good interview and visit the program if you have not already done so. Financial aid is available in terms of loans; scholarship availability is another question and one you will want to ask the admissions team. Many schools do not award scholarships to part-time MBA students as you are working while in school.

4.) I understand part-time students do not have access to full-time job fairs, etc. That said, any idea of whether or not part-timers have success in making moves within the same industry (finance) by simply networking independently apart from the officiel recruiting fairs, postings, etc.?
Schools vary on how much access part-time students have to the career center and career resources. Some schools do not restrict access at all and others only offer limited services. You will want to verify what Langone students can take advantage of during the program, as well as after when you are an alumnus. In my experience, networking in the finance industry is always more effective than competing for interview slots on campus. I encourage you to start building your network now, if you haven't already, and maintaining/growing it throughout your MBA program. You will most likely have classmates that might be helpful and possibly NYU alumni that you can reach out to as you ramp up your job search.

Good luck,
Lisa
Lisa Anderson
Consultant
Stacy Blackman Consulting

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