@PurpleTitan: Thank you !
“Ross students who apply through LSA (literature, science, and the arts) enroll in Ross as Direct Admits. Students who choose one of the other schools (such as engineering) will be Preferred Admit Students.”
Direct Admits are in Ross.
Preferred Admits must complete a list of required courses in a satisfactory fashion and, if done, then are admitted to Ross in their second year.
OP: If your family has substantial wealth, then it is a matter of personal preference.
However, because Covid-19 may affect the Fall term, the safer choice is Michigan-Ross.
P.S. OP: Because you mentioned “financial aid” in your initial post in this thread, my thought is that you did not apply for financial aid at NYU-Stern in order to increase your chances for admission. Therefore, I suggest following your Dad’s advice to attend & enjoy Michigan-Ross.