<p>Nope. You specify one school in NYU to apply to and that’s it for that year.</p>
<p>Is is remotely an issue if I want to switch concentrations at Stern? I think I might have applied as Business - Economics, but I kind of would rather Business - Finance at this point (although it is incredibly early, incoming freshman). Is there anything in particular I have to do to switch, or do I just make sure to choose the Finance concentration classes in my later years and that’s it?</p>
<p>There is none at all. You can switch as late as junior spring. Your first full year will be largely occupied by completing the general MAP requirements with maybe one, at tops two Stern courses. Your sophomore year you will start to hit the Stern core (i.e. the foundation level courses in every subject everyone in Stern takes regardless of concentration), so you’ll take one marketing course, one finance, one accounting, one management, etc.</p>
<p>If you study abroad (probably a solid 75% do it sophomore spring or junior fall), most people go to London or Shanghai and manage to get two Stern courses done abroad. I didn’t, I got one. So basically by junior spring you’re barely out of the MAP requirements and Stern core, and your senior year is you starting to tick off the concentration requirements.</p>
<p>@hellodocks - Actually, this year on the NYU CommonApp, while you can’t directly apply to two different schools, you can specify a secondary school you would like to be considered for if the admissions committee thinks you are suitable for it.</p>
<p>Haha, I know. You still can’t apply to two though. And that is a loophole for NYU, not the student, because as all incoming froshes will quickly learn, NYU just wants money. That is it. They do not care about service, education, responsibility, or anything besides money. That is it.</p>
<p>Hey hellodocks…so wonderful to see a fellow Stern student taking such an initiative! This is awesome. </p>
<p>Anyways, I’m an incoming sophomore myself and I’m debating among study abroad sites. I read that you chose Florence as your location, but I am having difficulty deciding between London and Florence. Any advice or comparisons between the two from your own experience?</p>
<p>London = where everyone in Stern goes. It has the most Stern courses available of all study abroad sites (rivaled only by Shanghai), there’s no language barrier so it’s super popular, and people love the allure of one of the most historic cities home to one of the world’s most famous empires.</p>
<p>Florence = far smaller, more intimate, more steeped in lore and customs and culture. Completely different experience from New York, beautifully picturesque land and town, an incredible wealth of artistic collections and artifacts, it’s basically the history-steeped ying to modernist London’s yang.</p>
<p>I would say there are pretty opposite experiences, and for me, it was more about experiencing something not completely analogous to what I was already familiar with in Manhattan. I do not regret it at all, and I’m dying to go back as soon as I possibly can.</p>
<p>This completely died when all the 2015 kids got to campus haha.</p>
<p>Were you an ol this year? What do you think of the direction Sterns heading in?</p>
<p>I was not an OL. I may be the wrong person to ask that question to, but I am never particularly impressed with the incoming frosh class. Hell, I wasn’t impressed with my year haha.</p>
<p>Dear God the finance industry is ****ed. Official hiring freezes at four of the bulge bracket, unofficial at 3 more, only 2 actively hiring for North America front office positions. Elite boutiques and middle market firms stepping up a bit more aggressively during the OCR season. Class of 2012 and 2013 have grim prospects. Joy.</p>
<p>I’ve been saying it for the last year, finance is going to regress to pre-1998 levels. Don’t expect this to be a short-term deal where the banks will bounce back with record profits in a few years, it won’t happen. Finance should never have been such a large part of the economy, and now the country’s biting the bullet for our avarice.</p>
<p>That said, have the banks actually declared hiring freezes for entry-level positions? All I’ve heard is that they’ve frozen middle-tier hires (ie, senior people retained for 30-40+ years of connections, entry-levels kept because they’re cheap). There’s always a market for overly ambitious, well-oiled analysts who are willing to work 100 hour weeks for low per-hour compensation.</p>
<p>4 have announced hiring freezes at all levels. 3 more have done all but officially announce it.</p>
<p>I agree. This industry’s share of the country’s total GDP has risen uninterrupted after the Great Depression (<a href=“https://docs.google.com/viewer?pid=bl&srcid=ADGEESjwyQ4XdWIphLGtxms7yruRSxDWUCPgiJNswqs8429gUpqfZ-jgjCM6xpDCZB6lepMfW4BQa1CwNfk82mhOtjPPoRmEGiuKdaab96Uekdb5v6ChiZSG6-FLQ6cdSKOcbwDfxIV3&q=cache%3AjL3xjJvSesoJ%3Apages.stern.nyu.edu%2F~tphilipp%2Fpapers%2Fslides_finsize.pdf%20nyu%20gdp%20finance&docid=cb007b180a13992a533c1752797b5565&a=bi&pagenumber=2&w=800[/url]”>https://docs.google.com/viewer?pid=bl&srcid=ADGEESjwyQ4XdWIphLGtxms7yruRSxDWUCPgiJNswqs8429gUpqfZ-jgjCM6xpDCZB6lepMfW4BQa1CwNfk82mhOtjPPoRmEGiuKdaab96Uekdb5v6ChiZSG6-FLQ6cdSKOcbwDfxIV3&q=cache%3AjL3xjJvSesoJ%3Apages.stern.nyu.edu%2F~tphilipp%2Fpapers%2Fslides_finsize.pdf%20nyu%20gdp%20finance&docid=cb007b180a13992a533c1752797b5565&a=bi&pagenumber=2&w=800</a>), and we’re bound to see a correction.</p>
<p>Anything else I can help anyone with?</p>
<p>Well I’ve always wondered what average to below-average ppl get for jobs out of Stern? Say like 3.0’s-3.4 gpas and even lower? Also, should I look for jobs during freshman year or even freshman into sophmore summer (do they have to be finance related or is it okay if they are at a major company?)? Will it be possible for me to get these jobs with little to no prior work experience? Thanks.</p>
<p>hi Hellodocks!</p>
<ol>
<li><p>After reading the syllabus of foundations of financial markets, one of the prereqs is to have an understanding of linear algebra. is that true?</p></li>
<li><p>what minors would you recommend? are they any good?</p></li>
<li><p>Is information systems considered a weak concentration for IB?</p></li>
</ol>
<p>Thanks!</p>
<p>Other than the questions I had on the previous page, what events would you recommend a prospective freshman to go to (clubs) and whether I should join a frat (tbh they seem kind of nerdy). I go to the gym on reg basis as well as play ball seeing how my workload hasn’t been too much, but does it significantly increase?</p>
<p>
</p>
<p>I’ll jump in here because I’m not sure how much Hellodocks knows about Stern placements the last few years. GPAs are not a great indicator of where people end up. Yes, you’re a lot more likely to get an interview with MS if your GPA is 3.8, but I’d say the majority of people who got jobs were through good personal networking. Getting the interview and getting the job are COMPLETELY different.</p>
<p>As for early jobs/internships, definitely. The earlier you start the easier it’ll be to get future ones. Any job on OCR with openings for freshmen won’t require experience, so go for those (when I was a froshie I sent apps to everyone even without freshmen openings, but I can’t say that actually helped).</p>
<p>
</p>
<p>IAG (Investment Analysis Group) was where I learned almost all of my advanced finance. I knew how to construct a DCF (Discounted Cash Flow Analysis) by the end of my freshman year. I could comprehensively evaluate a company (albeit at a surface level, but as well as someone without industry experience could).</p>
<p>BAP is also quite worth being in, just because you meet people. It’s more geared towards accounting nowadays but there’s always a lot of events and they constantly have reviews such as IB/Sales interviewing crash courses, resume workshops, etc. If you’re in Finance, it’s not the MOST useful club/organization (that would be IAG), but it’s practically mandatory if you want to go into accounting.</p>
<p>Hellodocks might have different recommendations, but those two are probably the biggest and most institutionalized at Stern.</p>
<p>
</p>
<p>1) No… you must have misread. FFM barely has basic algebra, let alone linear algebra. The most advanced statistical analysis I remember doing in that class was calculating beta, which you don’t even do yourself.</p>
<p>2) Minors don’t matter, pick something interesting. Comp Sci/Math are somewhat useful if you can use them as mentions in an interview, otherwise no. For actual quant you’d need a major at the very least.</p>
<p>3) I’ve never heard of anyone majoring in Information Systems going into IB, but it’s probably possible.</p>
<p>Some of my post will contradict Collective’s, so take it from the perspective of a current student (mine) as well as what I’m guessing is an alum’s.</p>
<p>@sour12
It is more about your networking than it is your grades. Grades do a good job of signaling, i.e. when employers look through a blind submission resume book, they’re more inclined to take a kid with better grades over one with worse, all other things being equal. At the same time, that’s only for blind submissions. If you know someone or have put your effort into networking and have people pulling for you, grades are almost off the table because they’re used solely to get you in the interview, at that point it’s how well you interview and no one cares who had the 3.8 or the 3.2.</p>
<p>Definitely do look for things after frosh year. 2013 wasn’t too much like this, but for some reason 2014 was absurdly competitive and there are kids who went out and got back office positions at hedge funds, some at PE firms, a ton with accounting, and a lot with unpaid PWM or something similar. Not during the year though; grades and fun should be your primary focus.</p>
<p>@nimrodius
- Nope. I’m not sure where or why it may say that, but most kids in the class have only done Calc I and that suffices more than well enough. We did no math more complicated than second derivatives, the rest was formula memorization and plug-n-chug algebra.</p>
<ol>
<li><p>Do something that interests you. You’ll get way farther with employers by having something interesting that you’re actually passionate about and when they ask you in an interview about it, it shows. I’m in the BEMT one. I would recommend finding something outside of Stern, but that’s just me.</p></li>
<li><p>I wouldn’t do it as a stand-alone major, but paired with something else it’s actually pretty strong. I believe it is more applicable to S&T than IBD, because it by definition is the study of how technology and information can be applied for creative business solutions. I am actually switching into it out of marketing as my second major.</p></li>
</ol>
<p>@sour12
Look into groups like The Finance Society (very good for frosh/soph; it’s a bunch of elementary events and a bunch of stuff essentially at the ‘finance 101 for dummies’ level), IAG as the other guy mentioned, Economics Honors Society (has a GPA requirement of 3.6), Stern Business Law Association, Stern Tisch Entertainment Business Association, and anything else that catches your interest. </p>
<p>One note about IAG. Now it is VERY dumbed down. It is the direct opposite of what Collective said. It is geared exclusively to frosh/sophs. All the upperclassmen leaders left and as I said about 2014’s competitiveness, it’s run almost exclusively by sophomores now. All the events are at a 101 level, some very broad overviews, and it’s nowhere near the powerhouse it used to be even 2 years ago my frosh year. I am no long at all active within it.</p>
<p>As for business frats, the only one I would even slightly recommend is AKPsi. BAP is just very Asian, I can’t say it simpler than that. Recruiters even mock it. I’m sure some BAP kid is going to come on here and refute me, but it’s just a simple fact. They focus on branding you as BAP, and if you’re okay with that, cool. You have community service requirements, leadership requirements (EVERY. SINGLE. KID. has a co-chair position on some committee), and they host a bunch of professional development events. The downside is that recruiters know that and are very candid about how they chuckle at seeing BAP resumes where every single kid has an identical format and a line somewhere with “BAP x-insert-name-here Committee Co-Chair” as a bullet point.</p>
<p>You are right that they are very nerdy, the exception being AKPsi. They have a very collegial atmosphere and there’s a large social component to what they do. They’re the most human of the business societies here. BAP and DSP are just very robotic and formalistic. As for fitness, if it’s something important to you, you’ll make time for it. I do. I’d say that most of the kids you see in the gyms who aren’t athletes are probably in Stern; for some reason we have one of the more brolic student bodies of all NYU schools. Just make sure you keep your grades great.</p>
<p>Hi!</p>
<p>I have a really bad situation - my father died in 2007 and my mother went into depression. This was not too long before my freshman year of high school. My GPA in 9th grade was really low at 80%UW. My GPA now as a senior is 85% UW not including my 4.0UW senior grades. Math up to Calc2 right now.</p>
<p>Anyways, I opened up a profitable business - 30-50K a year. I partnered with another guy my age and we are developing two patent pending webapps. I manage all the incorporation taxes (it’s registered), financial and accounts payable, business credit, etc. </p>
<p>SATs are decent, 2100/1400 with high SAT 2 math @760.</p>
<p>Do you think this will help me stand out (business) regardless of my bad GPA?</p>
<p>Thanks for your feedback.</p>