GI Bill and Financial Aid
The GI Bill is one of the educational benefits that you can receive from the Department of Veterans Affairs for serving more than 90 days in the military. The majority of candidates are eligible for the post 9-11 GI Bill which pays for a portion of their schooling and provides a monthly housing stipend. Click on the following links for additional information on the Department of Veterans Affairs Education and Training opportunities and the Post 9-11 GI Bill.
NYU also participates in the Yellow Ribbon Program. This program is only available to veterans of the U.S. Armed Forces who are 100% eligible for the Post 9/11 GI Bill. During the 2016-2017 academic year, Stern contributed $10,000, an amount that was matched by the Department Veterans Affairs, for a total award of $20,000 per year.
Fertitta Veterans Program
An innovative program specifically designed for U.S. military veterans and active duty students to support their transition to business school – financially, academically and professionally.
NYU Stern recognizes the significant transition our veterans face in going from the military to business school. And, thanks to the generous $15 million endowment from alumnus Lorenzo (MBA ’93) and brother Frank J. Fertitta III, we established the Fertitta Veterans Program in 2016 to support that transition.
The School projects that approximately 20 incoming full-time MBA military students who are accepted into the Fertitta Veterans Program will receive scholarship support that reduces their tuition to a flat $30,000 per year. Students who qualify for veterans benefits, including Yellow Ribbon funding, will continue to be eligible to receive those benefits. U.S. Military veterans and active duty students who are admitted to Stern but not awarded the Fertitta Veterans scholarship, can also request to participate in the Fertitta Veterans Program.
The uniquely designed summer session will include an early start on selected coursework; career programming with access to corporations and alumni; engagement with veteran alumni mentors; and social activities.
The program begins in July and concludes just before LAUNCH orientation in August.
Consideration for the Fertitta Veterans program
Interested U.S. military veterans and active duty Full-time MBA applicants who are admitted will be informed if they are selected for the Fertitta scholarship, participation in the Fertitta Veterans program, or the regular fall start for the Full-time MBA program.
We understand that not every applicant will be able to participate in the Fertitta Veterans program. Therefore, if a student is unable to participate in the Fertitta program, they will be allowed to join the regular the MBA program and begin in the fall. While they will not receive the Feritta Veterans scholarship, they will be eligible for other merit-based scholarships.
For students who commit to the Fertitta Veterans program, participation is mandatory. It is an academic program, and all of our academic programs require attendance and participation.
MBA admissions essays are a fantastic exercise in saying as much as possible in as few words as possible. That is why it is so important that you concisely communicate why you need NYU Stern to accomplish your goals in life and why NYU Stern needs you as a member of its community.
- DO YOUR HOMEWORK: As a rule of thumb you should not write an essay for any school until you feel as if you could lead an information session on it. Admissions Committees know what a generic business school essay sounds like so if you do not mention specific programs, professors, or classes, they are not going to be convinced.
- WHY AN MBA?: It is great to have lofty goalS, but that is not necessarily what business schools want. Rather, they are looking for someone who has lofty goals AND can only achieve them IF they get an MBA. That means the onus is on you to demonstrate both the logical progression of your post MBA career and that the degree is a necessity to make that timeline happen.
- ANSWER THE PROMPTS: This seems self explanatory but people seem to get this wrong all of the time. The questions are very specific and though it might be tempting to add the fluff and flowery details you put in a FITREP/OER, you do not have the room to do that AND answer everything.
While the above bullets are good for any school you apply to, they still do not contribute to the most important questions: Why is NYU Stern School of Business the place to get an MBA? To answer this you should try to include some details about the educational experience that are unique to the school. Basically, when all is said and done, if you replace "Stern" with "MBA Program X" and it still makes sense, then you need to rework your essay. Some ideas you can consider adding to your essays include but are not limited to:
NYU MISSION/VISION: At a minimum this will make you more familiar with the program and give you the ability to try to convince the Admissions Committee that the core values of NYU Stern align with yours.
GLOBAL PROGRAM: One of Stern's values is the Energy of a Global Hub. Being in New York City will give you access to more opportunities than any other city. If you are interested in specializing in International Business it would behoove you to to talk about the access you would have. Also, talking about Stern's different study abroad programs and NYU's campuses in Abu Dhabi and Shanghai can definitely demonstrate a depth of knowledge of the school.
CLUBS: At Stern there are four different type of clubs: professional (consulting, finance, marketing, etc), affinity (Military Veterans Club, Latin American Business, etc), Special Interest (Stern Eats, Stern Cellar, Speechmasters), and Sports Clubs (softball, raquet sports, etc). They put on world class conferences and events, bring in great speakers, and provide great networking opportunities. Think about including which ones you would want to join at Stern, the impact it will have on you, and the impact you will have on it.
DOING BUSINESS IN: The Doing Business In courses, also know as DBi, is a very important and unique part of the Stern experience. They are courses that last for one or two weeks and are worth either one and a half or three credits respectively and, with the exception of one pre-departure class, are completely in the country you are studying. The in-country experience includes class lectures with partner universities, corporate visits, and case studies.
Unlike a lot of schools, Stern requires every candidate to interview on campus. The school does make exceptions, especially for service members that are deployed. Even international students come to Manhattan to interview, so being stationed OCONUS most likely will not preclude you from traveling. If you make it this far in the application process you should be very proud of yourself; it is quite an accomplishment and it means that the members of the Admissions Committee believe you are qualified to be a member of the Stern community on paper. They are now trying to determine if you are personally a good fit. Something that Stern prides itself on is the collaborative environment that is made up of hardworking individuals who leave their egos at the door. Just come in, be yourself, and show that you can be professional. Also, if you mention something in your essay or resume then you should be prepared to talk about it.
We encourage everyone to attend the NYU Stern's Military Veteran's Event in the fall. It will give you a chance to network with current student veterans, meet members of the Admissions Committee to get unfettered advice on the application process, sit in on a class, and get a feel for the culture of the Stern community. This event is held in the fall every year so please check back for an exact date.
If you cannot make this event, or if you want to visit more than once, please do not hesitate to reach out to your respective service community Admissions Officer. We will set up meetings with members of the Admissions Committee, pair you up with student veterans that recruited into your desired career path, and do everything we can to help you get admitted.
Like most things in New York City, hotels are expensive. That's why there will always be a couch for anyone who needs a place to crash. Just reach out to your respective service community Admissions Officer with the dates you will be in town and they will coordinate the rest.
If you desire to stay at a hotel then we would recommend staying near one of the subway lines that has a station near NYU (A, B, C, D, E, F, M, N, R, and the 6).
There are three airports that service the greater New York City area: JFK, LaGuardia, and Newark. The most convenient with regards to public transportation is Newark since you can easily jump on the New Jersey Transit and take it right in to Penn Station. JFK also has a public transportation option that will take you in to Manhattan. If you plan on taking a cab than JFK or LaGuardia are definitely closer, but traffic density determines which will be cheaper. Cabs charge a $52.00 flat rate to drive to Manhattan from JFK while fares from LaGuardia can range anywhere from $35.00 to $70.00.