Experience Stern | News & Events

The student-led NYU Impact Investment Fund (NIIF) has successfully completed its second investment with a $25,000 investment in SmartGurlz, whose mission  is to engage elementary school aged students, in particular girls who are currently underrepresented in STEM (Science, Technology, Engineering and Math), to learn skills in coding.

Excerpt from Business Insider -- "Entrepreneurship, in particular, is predicated on the practice of identifying customer needs and solving them with some heightened level of e ciency. As COVID-19 has dramatically altered the needs of customers and the abilities of businesses, entrepreneurship professors have been taking notes and amending their curriculums. Business Insider spoke with Ari Ginsberg, a professor of entrepreneurship at New York University's Stern School of Business, to finnd out how he is tweaking his syllabus to reaect the changing nature of entrepreneurship.

Excerpt from Bloomberg -- "Still, it’s worth reverting to Ron Chernow’s biography, on which Miranda's musical was largely based, as well as to the leading historian of early American finance, Richard Sylla, to get the details right. Hamilton himself was a serious student of financial history, and had drawn the correct conclusion that the U.S., heavily indebted after winning its War of Independence, needed to 'restore public credit' by establishing a consolidated public debt, consisting mostly of long-dated bonds, on the British model."

Excerpt from Poets & Quants -- "In my professional position and now 47 years of age, gains in the number of friends one makes in a year frequently can be counted on one hand. Yet in business school, not only had I surrounded myself with over 60 incredibly smart, talented, and ambitious people who offered generosity of time and insight to me professionally, I’ve developed deep, enduring friendships with people who I never would have met had I not joined the NYU Stern Class of January 2020."

Excerpt from Clear Admit -- "Unique among business schools, the year-long course includes all-day sessions every eight weeks along two tracks: Life Sciences and Deep Tech. Startups from around the world apply to join the program where they are given the opportunity to be mentored by world-class scientists, investors, and entrepreneurs. Startups are given goals at each session and those who fall short are given feedback and cut. As an MBA student, you start the course by developing a framework and interviewing startups to help recommend which should be admitted. Afterward, each student is paired with a startup to work directly with the Founders on critical projects and participate in the all-day EFL meetings. One meeting that stood out to me was a pharmaceutical venture investor who told my startup, 'your business model gives control to the customer. You need to rethink the business model.' It was honest feedback that I had never considered."

Excerpt from The Local Maximum podcast -- "Max checks in with Kristen Sosulski, NYU Professor and Author of Data Visualization Made Simple. They discuss some of the basic principles of data visualization, and some common approaches and pitfalls."

Excerpt from Cheddar -- "Vasant Dhar, professor at NYU Stern's Center for Data Science and founder of STC Capital Management, discusses the risks of 'easy' day-trading and how young investors can be smart about their choices."

Excerpt from New York Magazine -- "I think Peacock is going to struggle. First of all, it’s late to the game. A lot of people have spent a lot of money and a lot of time and are … I don’t want to say they’re sated on content, but content consumption has gone up dramatically during the pandemic. Peacock does have some unique attributes. One is that it believes — and is probably correct — that the whole world can’t go to subscription, that there is a large market for people who are fine with advertising for free. But I think its pricing strategy is confusing."

Excerpt from MarketWatch -- "Those companies include Pinterest Inc. PINS, -0.20%, Slack Technologies Inc. WORK, -0.44% and Snap Inc. SNAP, 1.05%, companies that have already written off future potential tax credits — tax credits they received because of ongoing losses — because they have no idea if or when they will ever be profitable. This is a conservative accounting practice, said Zarowin of NYU, because the companies have chosen not to recognize a potential asset."

Excerpt from HBR -- "A study of virtual workers conducted by Caroline Bartel of the University of Texas at Austin, Yale’s Amy Wrzesniewski, and New York University’s Batia Wiesenfeld that was published in 2011 found that when only some employees are virtual, those who are — regardless of their tenure — tend to feel left out and less respected, and identify with the organization less, than those who perform their jobs in the office. But this time around, virtual workers are no longer the odd ones out. Members of teams and organizations have had to come together to form new norms, create a common language, and build a new culture."

Excerpt from Bloomberg -- "The change is shaking up annual meetings at a time when stockholders are demanding more transparency. As issues such as employee diversity take center stage, online gatherings can bolster participation -- providing tech glitches don’t get in the way -- but at the expense of getting to grill management face-to-face. Increased attendance 'may make it easier to get things through that otherwise might get held up,' said David Yermack, a professor at New York University."

Excerpt from Bloomberg -- "The New York University professor who developed one of the best-known formulas for predicting corporate bankruptcies has a warning for U.S. credit investors: this year’s spate of “mega” insolvencies is just getting started. More than 30 American companies with liabilities exceeding $1 billion have already filed for Chapter 11 since the start of January, and that number is likely to top 60 by year-end after companies piled on debt during the pandemic, according to Edward Altman, creator of the Z-score and professor emeritus at NYU’s Stern School of Business. Global firms have sold a record $2.1 trillion of bonds this year, with nearly half coming from U.S. issuers, data compiled by Bloomberg show."

Excerpt from MediaPost -- "However, critics don’t believe that social networks do enough to police their platforms. In a recent report, NYU’s Stern Center for Business and Human Rights took issue with networks’ reliance on third-party vendors for content review, which they said amounted to an outsourcing of responsibility for the safety of billions of users."

Excerpt from Luxury Daily -- "'Some of the capital that would have been spent on French brands may now shift to Italian brands,' Ms. Serdari said. 'There are a few contenders in that group, specifically Prada, Bottega Veneta and Dolce & Gabbana, for example.'"

Excerpt from Business Insider -- "From March 2 to May 2, toilet-paper sales were up 71% year over year in the US, making it the most purchased item at grocery stores across the country. And sales might have kept rising if it weren't for empty shelves, both in real life and on Amazon. Along with the US, a run on toilet paper happened in Norway, Hong Kong, Singapore, and Australia. But in other countries, toilet paper wasn't the hot commodity. In India, people bought up wheat flour. In China, it was a run on rice. Raghubir: 'It is whatever makes you comfortable. It's something that will last, and it won't spoil.'"

Excerpt from Bloomberg -- "'There’s a lot of delirium,' said Aswath Damodaran, a professor at New York University’s Stern School of Business. “Each company is looking up the ladder: Tesla is the next Amazon, Nikola is the next Tesla, and so on.' Damodaran said he doubts that each new entrant will be able to pull off their growth projections and that the electric-vehicle market is not big enough for every one of the companies to succeed. 'We are all now reaching for a dream,' Damodaran said, 'and that’s not the way to invest.'”

Excerpt from BusinessBecause -- "At NYU Stern, anti-bias training is being implemented in the MBA curriculum, while school leadership works with the Student Government’s Diversity Committee to diversify the business cases used in class....'As future leaders, it will be our students’ responsibility to eliminate systemic bias when they see it. As a business school, it’s our responsibility to educate students about this,' adds Gary from Stern."

Excerpt from The Washington Post -- "Among the data points I’ve noted before: Over the course of the past century, immigrant scientists helped revolutionize U.S. science and innovation, as documented in a study of patent records by economists Petra Moser, Alessandra Voena and Fabian Waldinger. Today, more than half of the most highly valued U.S. tech companies were founded by immigrants. Related research by economist Britta Glennon suggests that making the U.S. skilled-immigration system more restrictive ends up pushing jobs and innovation outside the United States."

Excerpt from Salon -- "'Flying in the face of meritocratic prescriptions, evidence of privilege threatens recipients' self-regard by calling into question whether they deserve their successes.' Dr. L. Taylor Phillips, a professor of management and organizations at New York University Business School, and co-author Dr. Brian S. Lowery, a professor of organizational behavior at Stanford University, wrote in their study. 'Evidence of class privilege demonstrates that many life outcomes are determined by factors not attributable to individuals' efforts alone, but are caused in part by systemic inequities that privilege some over others.'"

Excerpt from Forbes -- "The fact is that many COBOL programmers–who come primarily from the Baby Boomer generation–are retiring. There is also the issue that the language is no longer taught in schools. 'Very few folks are learning COBOL,' said Navin Manglani, who is a professor of technology at the NYU Stern School of Business. 'But as long as legacy systems stay around, there will always be a need for COBOL programmers.'"

In this four week course, students can progress at their own pace through the key steps of data visualization. The hands-on lessons will focus on techniques for data preparation — how to choose, create, and edit graphics, as well as best practices for presenting your visualizations.

Excerpt from The Advocate -- "Sometimes it's a more complicated story than, 'Oh, any company ought to get a premium,' said Lawrence White, professor of economics at New York University at the Stern School of Business. 'When Company A wants to buy Company B, almost always there will be a premium that Company A offers over the pre-announcement share price,' said White, who has been in academia for more than 40 years."
 

Excerpt from Bloomberg -- "Jay Freeman, an investment banker-turned-consultant who’s worked on corporate turnarounds and restructurings, looks at diversity in senior management before attending job interviews. 'At some point, you gravitate toward someone who has some tie of shared experience,' said Freeman, who’s Black. 'You want to be able to find people who will be an ally, or an advocate or a mentor -- those are all things that are part of the calculation.'”

Excerpt from Adweek -- "Alixandra Barasch, assistant professor of marketing at New York University, said that Trump’s threats can profoundly affect businesses, which she’s seen most clearly when public companies’ stock prices have moved due to a single tweet. 'The current TikTok situation is an interesting one, because it more directly affects actual consumer decisions—not just Wall Street,' Barasch told Adweek. 'I could see it going in both directions, but either way, it’s clear that Trump’s comments—no matter how valid or legal—have a profound influence on real business outcomes.'”

Excerpt from Forbes -- “'People tend to function on autopilot until something inside their heads or in the world around them subtly or explicitly suggests it’s time to move on. Reaching the end of a feed is one such cue; removing the endpoint short-circuits that cue,' said Adam Alter, author and NYU professor, in a Medium post written by Rebecca Fishbein."