You’re in… Now what?. Program Overview What’s Next? Academic Preparation Financing Your MBA Registration Housing.

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Presentation transcript:

You’re in… Now what?

Program Overview What’s Next? Academic Preparation Financing Your MBA Registration Housing

Overview of the Stern Program Pre-Term:Orientation begins August 24 th First Year:The Core – taken with your Block Internship: Between 1 st and 2 nd year Second Year: Devoted to your specialization(s)

Your First Year Fall – 15 credits 3Managing Organizations 3Firms & Markets 3Statistics & Data Analysis 3Financial Accounting & Reporting One of 3 Breadth Core: 3Marketing Concepts 3Foundations of Finance 3Competitive Advantage from Operations Spring – 16.5 credits 3Strategy 3Global Business Environment 1.5 Business Communication 6Remaining 2 Breadth Core 3Elective

Your Second Year Specializations (9 credits) Accounting Digital Economy Economics Entertainment, Media & Technology Entrepreneurship & Innovation Finance Global Business Information Systems Law & Business Management & Organizational Behavior Marketing Operations Management Quantitative Finance Statistics

What’s Next? Academic Preparation Self-Assessment Core Course Substitution

Quantitative Skills REQUIRED Self-Assessment Quantitative Skills Online Pre-Assessment (Admitted Student Website) REQUIRED BY JULY 1 st Pass (80% or better) = Done! Did Not Pass (80% or below) 1.Do MBA Survival Kit Quantitative Skills Interactive 2.Take Online Post-Assessment (Admitted Student Website) before Pre-Term

Microeconomics, Accounting, Statistics Word, Excel, PowerPoint, Internet Other Stern MBA Preparation: Skill Building

Core Course Substitution UG Majors Core CourseUG Majors Firms & MarketsEconomics Financial Accounting & ReportingUS Accounting Majors, US CPAs Foundations of FinanceFinance Competitive Advantage from OperationsIndustrial Engineering & Operations Management Marketing ConceptsMarketing Statistics & Data AnalysisMathematics & Statistics

Core Course Substitution Proficiency Exams Firms & Markets (Micro) Statistics & Data Analysis Financial Accounting & Reporting Global Business Environment (Macro) Foundations of Finance Competitive Advantage from Operations Marketing Concepts

What’s Next? Financing Your MBA

Financial Aid Terminology The FAFSA FAFSA = Free Application for Federal Student Aid

Financial Aid Terminology Federal Stafford Loans Domestic Students Only Low interest loans (91 day T-bill rate +1.7%) $18,500 maximum per year Subsidized: $8,500 max Government pays interest while you are in school Need-based: Eligibility depends upon your income and other aid information Unsubsidized: $10,000 - $18,500 Not need-based If you do not qualify for the subsidized, you can get full $18,500 in unsubsidized

Financial Aid Terminology Private Loans Domestic & International Students eligible to apply Preferred Lender: Citibank Eligibility Amount (domestic) = Budget – Federal loans – other aid

Estimated Budget Financial Aid Eligibility for the Academic Year Tuition & Fees: $34,300 Living Expenses:+$23,810 ($2,645 per month) Total Budget: $58,110

Typical Financial Aid Package Domestic Student – No Scholarship $18,500 Federal Loans $8,500 Subsidized $10,000 Unsubsidized +$39,610 Private Loans $58,110 TOTAL LOANS

Typical Financial Aid Package Domestic Student – With Other Aid $10,000 Scholarship $18,500 Federal Loans Subsidized & Unsubsidized +$29,610 Private Loans $58,110 TOTAL AID

What’s Next? Financial Aid – Domestic Students File FAFSA (002785) Receive SAR – KEEP IT Receive SAR – KEEP IT Fill out MPN – Fill out MPN – MAIL BACK MAIL BACK Fill out Private Loan Application Fill out Private Loan Application Tuition & Fees Worksheet Worksheet Receive Award Receive AwardLetter

What’s Next? Financial Aid – International Students Eligible to apply for up to $35,000 $15,000 from the Citibank Global program and $20,000 from either the Global SLC program or the Citibank Supplemental loan program depending on country of origin Apply starting June 1 st

What’s Next? Financial Aid – International Students With a U.S. co-signer, international students are eligible to apply for up to the full budget amount ($58,110).

What’s Next? Financial Aid FAQs What if I don’t want the full amount of the suggested loans? When are my loan funds credited to my account? Can I be a teaching fellow or graduate assistant?

What’s Next? Registration

Registration packets mailed out June 18 th Blocks assignments will be in registration packets Can access registration information through the admitted student website

What’s Next? Log on to the Admitted Student Website to: View & keep track of the checklist Meet & chat with your classmates Be on the lookout for for more Stern information Find a place to live!

Important Dates April 30 Deposit deadline June 18 Registration packets mailed July 1 Quantitative Pre-Assessment deadline July 15 Registration & Tuition Payment deadline August Proficiency Exams August 20 International Orientation August Pre-Term September 2 First day of classes

What’s Next? Housing

Housing Options On-Campus Housing The Palladium (14 th Street, Union Square) Conveniently located minutes from Stern Includes fully-furnished studios and shared two bedroom apartments Four floors reserved exclusively for Stern Students, with a separate entrance Amenities include computer lab, fitness facility, rock climbing wall, and Olympic-size swimming pool Monthly rent compares very favorably to the market

Housing Options Off-Campus Housing Begin your search early Determine your needs Consult materials provided by Admissions Purple Admissions Folder Admitted Student Website Off-Campus Housing Guide Use external resources: The New York Times The Village Voice Online postings (e.g.

See you at Pre-Term!