School News

Stern is recognized for its best MBA graduate employment rate in five years for the graduating Class of 2018, along with salary and bonus increases, in a feature story

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Excerpt from Clear Admit -- "NYU Stern School of Business released its 2018 MBA Employment Report at the end of last month, revealing that more graduates in the Class of 2018 had accepted full-time job offers three months after graduation than anytime in the past five years. Not only that, many recent grads reported a large jump in salary and bonuses."
Faculty News

Professor Lawrence White discusses why Wall Street and tech companies donate money to democratic political candidates

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Excerpt from InsideSources -- "'Money gets you access,' said Lawrence White, professor of economics at New York University’s Leonard N. Stern School of Business. 'Even if it comes a Democratic Congress, and there’s financial reform regulation on the table, the Wall Street guys want to be able to talk to the staff of the Senate Banking Committee and the House Financial Services Committee,and just point out, here are the implications [from our end].'"
Faculty News

Professor Melissa Schilling weighs in on what Tesla needs from its new chairman

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Excerpt from Forbes -- "'Given Tesla's struggles to scale production of the Model 3, someone with deep experience in managing large-scale, high-tech manufacturing and the associated supply chain might be extremely valuable for the board,' said Melissa Schilling, an innovation and strategy professor at New York University who has followed Tesla and SpaceX very closely and served on the National Academy of Sciences committee on 'Overcoming the Barriers to Adoption of Electric Vehicles.'"
 
Faculty News

Professor Scott Galloway's blog post on the connection between digital media and mental health problems, referencing Professor Jonathan Haidt’s book, “The Coddling of the American Mind,” is featured

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Excerpt from MarketWatch -- "I believe the real fire starter is the tobacco of our generation, social media, and the algorithms that have determined that the path to more engagement, clicks, and Nissan ads is paved in rage. The algorithms sense if you lean left or right, then begin shoving you to the poles and serving you increasingly provocative and extreme content you can’t turn away from, to scratch a tribal itch."
 
Faculty News

Professor Anindya Ghose highlights the advantages of a retailer like Walmart using virtual reality to train its in-store employees

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Excerpt from Digiday -- "'It’s costly to create an environment for training that doesn’t happen that often,' said Ghose. 'You’re trying to train employees for some weather-related disaster, so creating an environment like that in the real world is going to be tricky or expensive. So, why not have employees simulate that? In this way, you save a bunch of money.'"
Faculty News

Professor Michael Spence explains why he believes the US-China trade negotiations will continue for some time

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Excerpt from CNBC -- "'I think nobody knows what they (the U.S.) would view as a successful conclusion including, by the way, the Chinese. There is some confusion about the more precise aims of what this exercise are,' he said."
School News

Assistant Dean of Career Services Beth Briggs cites the best employment rate in five years among recent full-time MBA graduates in a feature story on MBA recruitment and career trends at Stern

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Excerpt from Clear Admit -- "'While the top three industries employing Stern students are consulting, investment banking, and tech, graduates are pursuing roles in a range of diverse areas including growing industries like fintech,' explained Briggs."
School News

Professors Kathleen DeRose and David Yermack are quoted in a trend story highlighting Stern's strength in Fintech

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Excerpt from BusinessBecause -- "Kathleen DeRose, clinical associate professor of finance at NYU Stern School of Business in the US, says: 'Fintech is one of the fastest growing segments of the economy, and students will need an understanding of data science to be prepared for the future of work.' ... 'We are now seeing markets being recreated by machine learning, artificial intelligence, and decentralized consensus systems. It is an exciting and very interesting time.' [says Yermack]."
Faculty News

Professor Joe Foudy offers insights on the decrease in manufacturing jobs in New York State amid the release of new employment data

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Excerpt from The New York Post -- "And like the overall economy, New York state has a trade deficit with China, according to Joseph Foudy, an economics professor at New York University."
Faculty News

Professor Arun Sundararajan is quoted in a feature story on Uber's ties to the Saudi Arabian government and the challenges its new CEO faces in rebuilding the company’s reputation

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Excerpt from Bloomberg -- "'There was a general perception that they would take money from anyone,' said Arun Sundararajan, a professor at New York University’s business school who wrote a book called The Sharing Economy."
 
Faculty News

Professor Baruch Lev's blog post on how machine learning can be used to improve accounting data is featured

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Excerpt from Advisor Perspectives -- "I am not optimistic about reversing the trend of the ever-rising estimates, but I found a way of substantially improving their accuracy and reliability, thereby enhancing the usefulness of reported earnings and asset values to investors."
School News

Paul Barrett, Deputy Director of the Center for Business and Human Rights, is quoted in a story on the ongoing threat of interference in the midterm elections

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Excerpt from VICE News -- "'It's way too soon to say that American elections are secure from online attacks,' Paul Barrett, the deputy director of the Center for Business and Human Rights at the NYU Stern School of Business, told VICE News."
School News

Undergraduate business student Nicholas Lowinger is interviewed about his nonprofit, the Gotta Have Sole Foundation Inc.

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Excerpt from Providence Business News -- "Gotta Have Sole is very important to me and while I am definitely focusing on my studies, I have incorporated it into my college life. I am the philanthropic chair of my fraternity and [fellow members] will be assisting with footwear deliveries to shelters in New York City."
Research Center Events

2018 NYU Stern PhD Program Open House

NYU flags outside of the Henry Kaufman Management Center
On November 2, prospective doctoral candidates are invited to attend an Open House to learn more about the Stern PhD Program and meet Stern faculty and current PhD students.
Student Club Events

2018 Graduate Marketing Association Conference

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On Friday, November 2, the Stern Graduate Marketing Association will host its annual conference entitled, "Unraveling Big Data: How Marketers Use Big Data and AI to Connect with Consumers."
Faculty News

Professor Kristen Sosulski's book, "Data Visualization Made Simple," is reviewed

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Excerpt from BizEd -- "[Sosulski] presents clear information about why data visualization is essential and what types of tools are available, before explaining what features users should look for in visualization graphics and how companies and individuals can use the information they uncover."
Faculty News

Professor Adam Alter shares how the design of social media platforms encourages excessive use, from his book, "Irresistible"

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Excerpt from The Week -- "'Infinite scroll basically eradicates the stopping cues that usually tell us to move on to something else,' explains Adam Alter, the author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. 'Traditionally, when you got to the bottom of a particular screen you had to click to release more information. With infinite scroll there is no click so your default is to just continue ad infinitum.'"
Faculty News

Professor Adam Alter is interviewed for a story on tech companies' efforts to address tech addiction

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Excerpt from CNN -- "'These are band aids,' Adam Alter, author of 'Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked,' tells CNN. 'Instead of actually producing tech that's good for us -- that helps us live better lives -- these tools basically suggest that the tech itself can't be improved, so we're stuck with trying to discourage or curb usage.'"
 
Faculty News

Professor Ralph Gomory comments on how Senator Elizabeth Warren's introduction of the Accountable Capitalism Act is a step in the right direction

Excerpt from the Epoch Times -- "The legislation is an important step in the right direction, according to Ralph Gomory, a research professor at New York University and a National Medal of Science laureate. 'The great service of this bill—whether it ever gets passed or not—is that it has raised the issue. It has become a public issue,' he said."
 
School News

Professor David Yermack is interviewed about the evolution of his course on blockchain; MBA students Hannah Diaz and Evan Eisman highlight the value of knowledge of blockchain for their careers

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Excerpt from MarketWatch -- (:12) "...What we try to get across in the course is that the finance industry itself is migrating toward incorporating this technology into everybody's applications..."
Faculty News

Professor Maria Patterson explains why executives are exercising caution in choosing to align their businesses with a political candidate

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Excerpt from the Financial Times -- "'Politics has become so polarised that you as the executive of a company have such a risk of blowback,' said Maria Patterson, clinical associate professor at the NYU Stern School of Business. 'You need to be really sure the candidate you’re supporting is not also speaking for positions that are going to upset your customers, your employees and your stockholders.'"
Faculty News

Professor Michael Posner advocates for the need for improved labor protections in Cambodia, emphasizing their importance for a successful business climate

Excerpt from Just Style -- "We are deeply concerned about the shrinking space for labour leaders to operate freely in Cambodia, which is part of a broader pattern of restrictions of civil society. The Fair Labor Association stands ready to work with the government and all other stakeholders in Cambodia to ensure that the rights of of workers are protected and that companies can confidently do business in this country."
 
School News

Professor David Yermack's comments at the 2018 Ross Roundtable on how AI and blockchain will influence the future of accounting are featured

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Excerpt from Accounting Today -- "'The distributed ledger reduces the need for audit by 97 percent,' he said. 'Auditors in the future will be competing on the basis of productivity, which will essentially mean who has the fastest hardware and software. And fraud, in the classical sense, will be all but impossible.'"
Faculty News

Professor Sabrina Howell shares insights on R&D spending in US and Chinese tech firms

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Excerpt from The Wall Street Journal -- "Alibaba, Tencent and other large Chinese firms, more so than their American counterparts, have sought to innovate through acquisition rather than with in-house research, said Sabrina T. Howell, an assistant finance professor at New York University’s Stern School of Business who researches American and Chinese innovation. 'Some of what you see in R&D is the outsourcing of innovation in China,' she said."