STERN WILL REACH OUT TO APPLICANTS WHO ALREADY APPLIED BY ITS OCT. 15 DEADLINE
To be considered for The William R. Berkley Scholarship Program, college seniors apply during their senior year for any of NYU Stern’s full-time MBA application deadlines: October 15, November 15, January 15, or March 15. Gallogly said that Stern admissions will notify applicants who meet the criteria and already applied for the just passed Oct. 15th deadline. ”We’ll reach out to anyone who is in the just-graduated camp and let them know they can apply for it,” he said.
Otherwise, applicants will be asked to check a box on the application form expressing interest in the new scholarship. “They will go through the normal evaluation process,” added Gallogly. “We just want them to self-identify. People have the opportunity to opt in. A unique piece is that they won’t have much in the way of professional experience so part of our process is an individual interview. We will really look at what the person has done and what their capabilities are.”
The Stern School received 3,661 applications for its full-time program in 2012-2013, down 6% from a year earlier. Gallogly said applications for the first round–the earliest deadline ever at Stern–was “almost comparable to what we got last year by November. It’s looking pretty good and there are still applications coming in from The Consortium as well. Oct. 15 was the earliest we ever set a full-time deadline for MBAs. People are focused and driven and want to apply earlier so we extended it and it worked out quite well.” The school’s MBA program is among the most selective in the world, accepting only 16% of its applicants. The latest enrolled class has an average GMAT score of 721.
NEW PROGRAM WILL INCREASE FULL-RIDE SCHOLARSHIPS AT STERN BY ABOUT 20%
Besides the new full-ride scholarship program, Stern says that it also offers several other full-ride deals for a total of more than 100 a year, including the Dean’s Scholarship, a military veteran scholarship program, and a faculty scholarship. The latter pairs incoming student with individual professors. “We typically don’t release how many of these are awarded each year but it is pretty considerable in my estimation,” said Gallogly. “Ten to 12 faculty members get a handful each.”
“We’re in the dream-enabling business at NYU,” said Stern Dean Peter Henry in a statement announcing the gift.. “With Bill’s support, we have the opportunity to inspire the best young minds around the country and the world to dream big. Whether they’ve studied engineering or economics, physics or philosophy and everything in between, we want to put the tools of business into the hands of the most promising leaders of tomorrow.”