<p>Most people get some kind of aid. Those who get aid too small to make the education affordable end up going somewhere else, many take some sort of loans to help the payment process, and then there are those well enough off with parents who set aside enough money to pay for school. And beyond that there are the trust fund babies for whom money ain’t a thang.</p>
<p>Personally, I’m fully self-responsible for the financial burden of my own education. I’ve gotten about 40-45% aid from the school my first two years, anticipate something similar again next year but have a guaranteed scholarship coming in from the bulge bracket firm I signed with along with a potential $30k award from an external fund I applied to.</p>
<p>hey i was wondering if you HAD to go with the major you listed when applying. It is that permanent? Like putting business management for stern,…absolutely no way you can get a degree in Finance? </p>
<p>And do you think the concentration makes a huge difference when trying to get scouted for jobs?</p>
<p>Nope. You can change your major whenever you want. It isn’t advisable to do it after sophomore year, however, because that will make graduating in four years challenging. They understand that kids don’t know exactly what it specifically is they want to study, and they also realize that many students will realize their interests or career goals change during college. You aren’t bound to what you list on your application.</p>
<p>Unfortunately, NYU does not give international students any aid whatsoever. It’s a rough situation, admittedly. One of my best friends freshman year, a guy pretty popular in every social circle ended up transferring to a HYP because he got dumb money from them. He got into literally every Ivy with transfer applications and chose his because they gave him >80% I believe. It completely sucks to see people you love and care about drift out of your life or choose to attend a different school because of something so temporal as money. We have the smallest endowment out of all Tier-1 schools, so unfortunately the aid is miserable for everyone and nonexistent for international kids.</p>
<p>Would you advise going $100,000 in debt to go to Stern? I’ve talked to people who know other people at Stern, and they all say that although they may have graduated with a ridiculous amount of debt, 5 years later, they were able to pay it off. Would you say this is fairly common?</p>
<p>I’m just asking because I feel like I actually have a shot at getting accepted to Stern, and I would really like to go, but I just don’t want to be stuck with crazy student loans for the rest of my life…</p>
<p>@ma
This is just me personally, but I have no desire to go to that region for any other reason than tourism. It’s a bit oppressive socially, there are some absurdly strict norms and values that clash with some of my own, and I doubt I’d be happy there for two years. Plus, it’s ridiculously competitive since there’s a ton of kids from the EMEA region who don’t want to/can’t afford coming here for four years so they basically pick the most perfect candidates from the rest of the world to attend there.</p>
<p>@3cool
I personally am. It sounds a bit absurd, and the figure is definitely daunting, but you have to weigh risk vs. opportunity. If you want to do finance or consulting and you play Stern right, you basically secure yourself a career in the most lucrative profession on earth. If you break into the bulge bracket, paying off your student debt can be done in 3 years or less. Consulting, 5 years or less.</p>
<p>If you aren’t willing to take the risk, consider another school that doesn’t hurt you as much. But I will say this. As a kid who signed into an uber-tier firm on the Street as only a sophomore, it seems worth it to me. I knew I had to pay for the entirety of my own education, 0 assistance from my family. And yet not even three full semesters in, I got myself to the place I needed to be. If you’re driven, willing to put in effort and time, and you’re intelligent, it will probably work out for you.</p>
<p>What happens to average kids at Stern? The middle 25-75% there? I keep reading stuff on WSO on how Stern has lots of kids but a smaller % are placed into top jobs.</p>
<p>@ma
Loans. Paid for freshman year out of pocket, totaled my savings account. Loans for this year ($35k or so after aid) and the next too. Hopefully get these external scholarships that I applied for.</p>
<p>@sasasa
No clue. I wasn’t willing to settle for mediocrity, so I made sure I wasn’t one. I know there are tons of kids who place into BB firms, some who go into boutiques, less than 5 place into buy-side right away (2 2010 kids went into BlackRock, Blackstone’s investment management entity), and a number pursue consulting (Big 3 MBB firms, lower-tier as well). I imagine some must end up choosing corpfin, but I haven’t ever even heard that mentioned once here.</p>
<p>Most people dual-major though, so for those who can’t swing something with finance, there’s always another route. Accounting is really popular here as well, so a ton place into the Big 4. I have no clue what the Marketing kids do, but there’s a number there as well but I have no idea what the typical career trajectory in that is like (odd, considering it’s my second major). There are a number of actuaries too, but fewer than probably anyone else you’ll meet.</p>
<p>No more majors and minors, only concentrations and (currently) one optional specialization. Minimum of 1, maximum of 3. Optional section where you only need to take 4/6 of the functional core, whereas current students take all regardless of major.</p>
<p>Oh thanks! I didn’t know Stern changed the curriculum. So from the website, they don’t list IB as a concentration. Do you think Stern will add it, or will it just be the 8 that are currently listed?</p>
<p>Go by the website. I imagine they dropped it completely. It doesn’t surprise me either, before you could only do it as a co-major and not by itself. Also, considering how many students study abroad and how much global exposure is built into the curriculum already, I’m guessing they felt the curriculum already lent enough of an international perspective that offering it as a concentration was redundant.</p>
<p>Hi hellodocks, been following this thread for quite some time really appreciate your help in offering advice!</p>
<p>Do you know what’s the placement rate like for Sternies into GS TMT group? I understand that you went for the GS interview, so I was wondering if you may know anyone in GS who could offer that figure. Thanks!</p>
<p>sgang1, GS TMT is the most competitive group within the investment banking division at Goldman Sachs. That group will most likely be comprised of only graduates from HYPW.</p>
<p>@ shuffleace: Yup I do know that TMT is the hardest unit for anyone to get into, even for those from HYPW. </p>
<p>Nonetheless, it’ll be good to know if sternies DO make it there, especially since I’m interested in the media industry. Exit opps are great & i’ve noticed numerous alumni from GS TMT go on to become principals etc. at firms like Silver Lake. (ultimate goal is to penetrate into PE)</p>
really appreciate your help in offering advice!</p>