Experience Stern | News & Events

New York University Stern School of Business has announced a new one-year, full-time Master of Science in Accounting that will begin accepting qualified college graduates to start in the fall semester 2016. This program will satisfy the 150-credit-hour education requirement needed as a prerequisite for New York State’s Certified Public Accountant (CPA) certification. The MS in Accounting provides a thorough foundation for careers in accounting, including attestation and assurance services, as well as taxation and forensic accounting.

Excerpt from Poets & Quants -- "A prolific leader and volunteer, Meacham serves as president of Stern’s Association of Hispanic and Black Business Students (AHBBS), Chair of the Diversity and Inclusion Council in Stern’s Student Government, and Vice President of Marketing and Logistics for Stern Speaks. During her time, she has helped host case competitions, speakers, discussion panels, and charity auctions. Meacham was also the recipient of the President’s Service Award, which recognizes students who make significant impact in the areas of learning, leadership, and quality of student life." Full article: http://bit.ly/1JtHFCH

Excerpt from The Wall Street Journal -- "There are several approaches to estimating where it stands at any given time, including surveying investors and looking at the historic relationship between stock and Treasury returns. An alternative method involves using expected future cash flows from stocks, as Stern School of Business professor Aswath Damodaran has done in the model he has made available on his website. According to this, the S&P 500’s equity-risk premium as of the end of April was 5.8 percentage points, which counts as one of the higher readings in data going back to 1960. On that basis, it seems like there is a sizable cushion between still very low yields on Treasurys and the stock market’s expected returns. In other words, stocks don’t look so expensive on this basis."

Bob Greifeld will discuss the role of dynamic and well-functioning capital markets in frontier and emerging economies. He will stress the importance of ensuring the efficient movement of capital and resources in driving job growth, infrastructure development and economic prosperity.

Excerpt from El Pilon -- (translated from Spanish using Google Translate) "According to the advanced studies in the city, Galarza said, they found that there are about 3.3 meters of public space per person in Valledupar, 'similar to the national average, which does not mean that we are doing well on average, really meaning that Colombia has too little public space and especially parks.'"

Excerpt from Forbes -- "Sundararajan described the self-regulating trend of sharing economy companies. An advocate of self regulation, he’s clear to note he is not opposed to regulation generally, though it should be applied carefully. 'I believe in regulation very strongly because I believe in markets very strongly. And the purpose of regulation is to step in and help markets function better, to fill the gaps, correct them when things are going off the wrong way. So you can’t be anti-regulation if you are pro-market, it’s just a question of being surgical about it.'"

Excerpt from New York Magazine -- "This gut-centric view of political psychology isn’t a new idea — researchers like Jonathan Haidt have been doing fascinating work that argues, at its core, that people don’t weigh evidence and then decide where they stand on an issue. Instead, moral impulses embedded deeply within them — impulses that vary widely across exactly the political divisions you’d expect — stack the deck beforehand. To Haidt and other researchers, the stories we tell ourselves and others about why we believe what we believe are mostly window dressing, forms of ex post facto justification for decisions really made at a baser level."

Greg Coleman, president of BuzzFeed and former president of HuffingtonPost.com, joined MBA students and alumni for a 2014-2015 Langone Speaker Series event, presented by U.S. Trust. Professor Jeffrey Carr moderated the discussion, beginning with a one-on-one interview.

Excerpt from Luxury Daily -- "'This is not only about brand synergies, or exposure to a captive audience of ultra wealthy prospects,' she said. 'It is mainly of each brand’s elevated status just based on the fact that they can afford the expenditure required for their presence and events at Cannes."

Excerpt from Business Insider -- "My own research on India's openness for the DHL Global Connectedness Index, which I prepare with my IESE business school colleague Steven A. Altman, indicates that India is still a relatively closed country in many aspects. The ratio of India's exports to its GDP has tripled over the past two decades, but across a broader range of indicators, the depth of India's global connectedness still ranks only 119th out of 140 countries."

Excerpt from TIME -- "Arun Sundararajan, an economist who reviewed the report, believes that Airbnb and its data are something of a red herring. While the site may lead to some units being taken off the market and to disturbances among neighbors who don’t like sharing their buildings with tourists, he says the housing options provided by Airbnb are likely drawing more tourists—and more revenue—to the city. The responsibility of Airbnb in yielding the current lack of housing in the city is 'sort of like a rounding error when you compare it to the population growth in San Francisco and the number of units that are rent-controlled.'"

Excerpt from CNBC -- "Bond investors shouldn't expect a 'rate riot or rate rage' when the Federal Reserve begins to raise interest rates because the central bank has already telegraphed what it is going to do, economist Nouriel Roubini said Tuesday. 'It's not going to be a significant surprise. As the economy recovers, as inflation goes higher, gradually long-term interest rates are going to go higher,' said the co-founder and chairman of Roubini Global Economics, also known as 'Dr. Doom.'"

Excerpt from Marketplace -- "'Nothing is forever in TV land,' says Sam Craig, a professor at New York University. After 15 seasons spanning 13 years, he says this is an 'inexorable movement.'"

Excerpt from Xinhua -- "'China's stock market volatility is quite normal, and let's not pretend that developed markets are immune to the same forces,' Jennifer Carpenter, an associate professor of finance at New York University, told Xinhua in a recent interview."

Excerpt from Foreign Policy -- "As described in my book, Rebooting Democracy: A Citizen’s Guide to Reinventing Politics, a number of extraordinarily encouraging experiments along these lines have taken place in British Columbia, Oregon, and elsewhere over the last decade. What they all have in common is citizen deliberation: the use of large panels of randomly selected citizens to carefully reflect and decide on complex policy matters, a practice which dates back to ancient Greece. Expanding on this experience could usher in a fundamental change to the nature of government."

The Stern School honored Andre J.L. Koo (MBA 1994), Chairman, Chailease Group, today for his generous contributions to Stern at the dedication of the Andre J.L. Koo Lobby in the Henry Kaufman Management Center.

Excerpt from Boston Review -- "By redefining exchange in the markets they mediate, today’s platforms will create new efficiencies that diminish some sources of market failure—for example, the uncertain quality of taxicabs and their drivers that necessitated government licensing in the past. At the same time, though, platforms may induce new forms of market failure, such as the denial of market access to a supplier or a consumer. The regulatory framework should allow the government to respond to specific failures, not prescribe intervention across the board."

Excerpt from BusinessBecause -- "'Companies now need marketing managers who are comfortable with data analytics,' says Anindya Ghose, professor of marketing at NYU’s Stern School of Business. ... 'Students who understand the digital ecosystem and who have technical skills are much in demand,' says Professor Samuel Craig, director of NYU Stern’s Entertainment, Media and Technology MBA track."

Excerpt from Quartz -- "We buy things that make us somehow feel we are better—more attractive, more powerful—and that show the outside world that we’re good enough, smart enough, and people like us. Scott Galloway, a professor of marketing at NYU’s Stern School of Business, goes a step further, saying the cachet that all vanity capital carries is distinctly libidinous. 'Men want to spread their seed to the four corners of the world,' he says, and women want their choice of mate. Anything that projects prestige or increases our physical attractiveness helps us accomplish those goals."

Excerpt from CNNMoney -- "'Like any other market, you need more price transparency and more information to make it more efficient,' [Roubini] said."

Excerpt from Seeking Alpha -- "The Knowledge Effect was originally discovered by academic researchers, spearheaded by Baruch Lev, who studied 20 years of financial data and discovered an important association between a firm's level of knowledge capital and its subsequent stock returns. Further research advanced the original findings and in 2005 Lev, building on his own earlier research as well as that of others, proved the existence of a market inefficiency traceable to missing information about corporate knowledge investments. This inefficiency has led highly innovative companies to deliver persistently positive abnormal returns in the stock market."

Excerpt from The Guardian -- "'Although the sudden visibility of the sharing economy over the last five years was induced primarily by digital factors, many sharing behaviours will be sustained over time by ethical and social rather than technological considerations', explains Arun Sundararajan, a professor of information, operations and management sciences at New York University’s Stern School of Business and a leading authority on the sharing economy."

In April, NYU celebrated Ally Week to promote the practice of “Allyship,” defined as the active and consistent practice of unlearning and re-evaluating beliefs and actions, as a person seeks to work in solidarity with a marginalized individual or group of people.

Excerpt from The Daily Star -- "Rana Plaza and other factory disasters in Bangladesh highlight the risks for workers in a system where a significant number of factories operate in the shadows. Yes, the government and brands should inspect their primary, hub suppliers. But acknowledging the role of spoke factories in the current model and developing a plan to conduct oversight of them is one of the major outstanding challenges as we mark the second anniversary of Rana Plaza."

Excerpt from Financial Times -- "As part of orientation for its full-time and part-time MBA programme, Stern has put students to work on short projects that integrate Google Glass and a clip-on camera called Narrative Clip. An early project had teams using the camera to observe New York City streets and then using that data to develop a proposal for improving traffic safety, says Maya Georgieva, associate director of Stern’s Center for Innovation in Teaching and Learning, who lead the project."