Experience Stern | News & Events

Excerpt from Clear Admit -- "It wasn’t all that long ago that I was wondering what management consulting even was, and now I’m halfway through my summer internship in that exact field. My time at Accenture has taught me a lot, and I’m thrilled that I am exploring this path. If you’re considering making a change to enter management consulting, from where I sit, Stern is a great place for you to make it happen."

Excerpt from the Financial Times -- "We are effectively entering an era where I call 'the death of the advertising industrial complex.' I think advertising has become a tax that the poor and the digitally illiterate pay. If you're wealthy you get to opt out of advertising and brands are still depending on it."

Excerpt from Fund Strategy -- "The average country reclassified to a more-benchmarked index gains 23.2 per cent between the announcement and the reshuffle, but loses 12.4 per cent in the year that follows its inclusion in the new index, research out of NYU’s Stern School of Business, Chapman University and Acadian Asset Management shows."

Excerpt from Bloomberg -- "'It puts the company in limbo and prevents them from moving forward,' said Arun Sundararajan, a New York University professor and author of The Sharing Economy. 'This kind of fight is going to hurt Uber significantly in the short term.'"

Excerpt from US News & World Report -- "Change management courses help MBA students understand the psychology of change, including both the motivation of a company's visionaries and the resistance of people who are frightened of a company's transformation, says Anat Lechner, clinical associate professor of management and organizations with New York University's Stern School of Business."

Excerpt from Bloomberg -- "The street-planning idea was dreamed up by Shlomo 'Solly' Angel, who leads the Urban Expansion program at New York University’s Marron Institute of Urban Management. It’s virtually costless because ranchers and farmers are happy to donate land that will be adjacent to a main road, Angel says. NYU has landed a contract to train 109 other Colombian cities in planning for expansion and is working with 18 cities in Ethiopia. 'It is impossible to cut a road through a built-up area,' he says. 'Either we do it now or we don’t do it at all.'"

Excerpt from Yahoo Finance -- "For Bitcoin to gain traction, it has to achieve at least a semblance of steady value. 'We are reluctant to transact in something where the day-to-day value for our transactions’ purposes could vary substantially,' White said."

Excerpt from Cheddar -- "...being computer scientists, we started looking at how we can automatically generate virtual models of the real world. We went beyond video games and started looking at things like architecture, special effects, and training simulations for the military and first responders, where people need these virtual models for most of the projects they work on."

Excerpt from Luxury Daily -- "'[From a school perspective,] partners keep us relevant,’ said Kim Corfman, professor of marketing and academic director of the Fashion & Luxury one-year MBA at NYU Stern School of Business, New York. 'They ensure that we are educating students to solve problems that matter and that the solutions they create are of value. At a more practical level, partners provide us with live cases and projects to which students can apply what they have learned.' ... 'Luxury brands need people who understand both the retail environment and the challenges a business faces in the industry,' said Thomaï Serdari, founder of PIQLuxury, co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York."

Excerpt from The Economist -- "The equity-risk premium, or the annual excess return that investors demand to hold shares rather than bonds, is 5.03 points, against a pre-crisis average of 3.45 points, notes Aswath Damodaran of the Stern School of Business at NYU."

Excerpt from The Atlantic -- "Between 1990 and 2008, 98 percent of new jobs came from so-called 'nontradable' industries that aren't sensitive to international trade, according to the economist Michael Spence."

Excerpt from Business Insider -- "According to Anindya Ghose, a professor at NYU's Stern School of Business, the e-commerce giant could be the first company to break through the $1 trillion barrier for market capitalization. The company is currently worth about $476.07 billion, which means it would need a 110.1% increase in its stock price to reach that level. But Ghose thinks Amazon's rise will come at the expense of lots of retail jobs. 'In many ways, it might actually be a blessing in disguise because it's also simultaneously going to cost lots of jobs in the economy,' Ghose told Business Insider."

Excerpt from Investing.com -- "Vasant Dhar: 'I worry that this time might in fact be different because we haven’t had intelligent machines in the past that we could trust with making decisions. That was in the domain of human beings. Machines assisted us. They helped us. But it’s different this time. And it’s going to be very challenging.' ... Arun Sundararajan: '…digital technology is changing how we organize work. It’s taking us from fulltime employment, which was the predominant way of earning a living in the 20th century, toward a wide variety of non-employment work arrangements.'"

Excerpt from the Financial Times -- "As Stephen Cecchetti and Kermit Schoenholtz nicely show, BNP’s halting of redemptions was followed by an immediate tightening of lending between financial institutions. Below is their graph of the Libor-OIS spread, which measures the difference between the rate at which big banks reported to be lending to one another over a measure of the safest market interest rate."

Excerpt from BYU Radio -- "What my research points out is there is a crucial distinction between those two types of buyers: those who rent out their places - the apartment still remains available for the locals to live in, whereas those who leave their places vacant, in some sense, are literally reducing the supply of available real estate for the local residents."

Excerpt from The New York Times -- "Scott Galloway, a professor of marketing at New York University’s Stern School of Business, said Mr. Damore’s comments carried additional weight to people on either side of the political spectrum because he was an engineer at Google, one of the world’s biggest technology companies. Alongside other giants such as Facebook, Amazon and Apple, these companies 'are seen as pillars of our society,' Mr. Galloway said. 'Controversy and statements that emanate from these employees take on a different heft.'"

Excerpt from the Sydney Morning Herald -- "It turns out that if the technology settings are right, we are far more likely to trust a stranger than their own colleagues or neighbours. Weird, huh? The findings are from a study co-authored by assistant professor Mareike Möhlmann at Warwick University, professor Arun Sundararajan at New York University, and two executives from BlaBlaCar, a ride-sharing platform that connects drivers and riders mainly for city-to-city travel. It's hitchhiking for the 21st century."

Excerpt from Poets & Quants -- "I enjoyed getting to know my classmates the most. Everyone is so inspiring – even though my classmates are pursuing completely different things than me, I am inspired by their passion, intellect, curiosity, and persistence. I see students pursuing dual degrees, starting their own businesses, and making real changes to improve their lives and the lives of others around them. Going to business school is also a great time to do some self-reflecting and to pursue personal growth. I can’t imagine how many years of working it would have taken me to learn as much as I have in the past two years – not just from a professional standpoint, but from a management and leadership perspective as well."
 

Excerpt from New York Magazine -- "In a study published in June in the journal Psychological Science, researchers recruited 294 participants to tour a museum exhibit of Etruscan artifacts while listening to an audio guide. Half of the participants were given cameras and told to take at least ten photos. At the end of the tour, all participants asked to answer a series of multiple-choice questions about the objects they had seen. Those who took photos, the researchers found, recognized almost 7 percent more objects than those who didn’t."

Excerpt from ValueWalk -- "The rates we’ve had in recent years, including right now, are the lowest in history. The book that I co-authored on the history of interest rates traces back to the code of Hammurabi, Babylonian civilization, Greek and Roman civilization, the Middle Ages, the Renaissance, and early modern history right up to the present. And I can assure our listeners that the rates that they’re experiencing right now are the lowest in human history."

Excerpt from Climate Wire -- "Koonin advocated for a 'red team' approach to climate science in another Wall Street Journal op-ed in April. The exercise would allow critics to test the 'consensus' around climate science. EPA Administrator Scott Pruitt has publicly expressed interest in the idea, and he's rumored to be considering hiring Koonin to lead the process.Koonin has met with Pruitt and other Trump administration officials to discuss the idea of a 'red team,' he told E&E News on Friday. He declined to comment on whether he's in talks about running such an operation, but he said he'd consider it if certain conditions were met."

Excerpt from CNBC -- "During a TED Talk earlier this year, New York University's Stern School of Business marketing professor and psychologist Adam Alter presented research which showed the online tools we spend the most time using don't make us happy. Highlighting data from the U.S. Bureau of Labor Statistics, Alter demonstrates how the average 24-hour workday has looked about the same over the past ten years: We sleep between seven and eight hours a day, work between eight and nine hours a day and take care of 'survival activities' like eating and bathing for about three hours a day. The rest of the day — roughly five hours — is our personal time, made up of hobbies, close relationships, creativity and reflecting on whether 'our lives have been meaningful,' Alter says during his TED Talk, which has gotten over a million views."

Excerpt from the Financial Times -- "Thomas Philippon and Ariell Reshef have shown how closely linked pay has been to deregulation of the sector. The chart shows wages in the finance industry relative to the rest of the US economy, plotted against the two academics’ own “deregulation index”, which is based on legislative activity related to finance."

Excerpt from the Boston Globe -- "The annual interest rate on a loan funded through the visa program typically runs about 5 percent, say EB-5 financing experts, about half the rate charged by more traditional investment firms. On a five-year, $225 million loan, the difference could easily top $50 million. 'It’s the cheapest source of capital they can find,' Friedland said. 'The reason it’s cheaper is because the immigrant investors are making the loan strictly to qualify for a visa. They’re willing to accept a negligible return."

Excerpt from Fox Business -- "The market was pleased. The predictions had been for the job growth to be a little smaller. So when the actual exceeds the predictions, the market is going to take that into account and that's all well and good. In addition, we've now been below 5% unemployment for over a year. We're basically back to where we were in 2007. And people forget 2007 was a pretty good year."