Experience Stern | News & Events

Excerpt from Institutional Investor -- "In the first two months after the Covid-19 pandemic struck the U.S., early-stage venture capital activity dropped by 38 percent relative to the previous four months, reported the paper’s authors Sabrina Howell (New York University), Josh Lerner (Harvard University), Ramana Nanda (Harvard), and Richard Townsend (University of California, San Diego)."

Excerpt from WalletHub -- "There are hundreds of millions of credit cards issued in the US and most people with a credit card have multiple pieces of plastic in their wallet. To successfully launch a new card into a crowded market you need a gimmick. Another card simply offering 2% cashback would get lost. But a card with a gimmick of 1% on purchases and 1% on payments is different. The segment may not be that large but it is better than being unsuccessful. Although for the issuer it is a bit counter-intuitive as the banks make most of their money on people who carry a balance and pay the high rates of interest. Giving people an incentive to pay right away eliminates the interest charge revenue stream."

Excerpt from WalletHub -- "A 2% incentive on purchase versus a 1% on purchase and 1% on payment has differential implications for credit risk (the likelihood that customers may not be able to repay the amount they borrowed and the credit balance will go into default.) With an incentive to pay off credit card balances, the credit card company walks a tight rope between encouraging a credit card balance (on which it will charge interest, and so, make money), and taking on a potentially delinquent asset which will need the services of a debt collector, and, may, only result in partial repayment, if any."

Excerpt from Adweek -- "Brands that do retain their spend are more likely to retain the relationship they have with a consumer, which has come to expect business from these brands—even in a pandemic, said Thomai Serdari, a strategist in luxury marketing and branding and adjunct professor at NYU Stern."

Excerpt from Poets & Quants -- "In mid-March in response to the pandemic, New York University’s Stern School of Business created the SternWorks program to “ensure that every full-time MBA student who seeks a summer experience (or whose start date for an internship is delayed) will have one in order to skill build, create impact, and have the opportunity to give back to the NYC community during these extraordinary times,” a Stern spokesperson says. In three weeks, the school partnered with many stakeholders and created more than 100 projects and $600,000 to support MBAs this summer."

Excerpt from Financial Times -- "If earnings calls move markets, and markets are increasingly focused on the impact ESG can have on companies’ financial performance, then what role should ESG play in the quarterly calls that executives hold with investment analysts? That is the question Kevin Eckerle and Tensie Whelan of NYU Stern’s Center for Sustainable Business and Brian Tomlinson, a research director with Chief Executives for Corporate Purpose (CECP), tackle in a paper out today, which can be found here." 

Excerpt from Poets & Quants -- "NYU Stern’s The Center for Real Estate Finance Research was established in 2012 to foster research in real estate finance, economics, and operations at Stern, and to improve and expand course offerings and career services in the MBA and undergraduate programs. Its mission also includes deepening the relationship between the Stern school and the real estate industry."

The CEO Investor Forum and NYU Stern Center for Sustainable Business are calling for leading companies to adapt and identify new ways to demonstrate value to investors. A new research paper written in partnership between the two organizations found that for companies to move the markets away from “short-termism,” and focus on long-term value creation and stakeholder engagement, they must increase the volume, quality, and prominence of ESG-related information and disclosures shared on the quarterly earnings call.

Dean Raghu Sundaram and Professor Jonathan Haidt engaged in a wide-ranging discussion, touching on a variety of topics including the impact of social media on democracy, the importance of human connection, and what morality looks like in a pandemic.

Excerpt from FindMBA -- "FIND MBA has updated its shortlists of the top 10 MBA programs by specialty for 2020. These Top 10 Lists—which group the best MBA programs for specific industry areas and business functions—are designed to help potential applicants quickly find the best MBA programs for their career goals. The lists take into account employment data, MBA concentrations on offer, research capacity, and other factors to help future MBA students find some of the best business schools for careers in various industries and functions."

Excerpt from InvestorPlace -- "When Peloton launched its IPO, NYU Stern finance professor Aswath Damodaran estimated that the shares were worth between $18 and $19, about 36% below its IPO price. 'I think the problem here is you have fundamentally a good business model, but I just don’t think it can scale up enough to justify the market cap,' Damodaran said last September."

Excerpt from PBS -- “These are the eternal debates in American history,' said Richard Sylla, a professor emeritus of economic and financial history at New York University. 'It’s a bit like what Andrew Hamilton was facing in 1790,' he said, describing the plan to have the new federal government assume the Revolutionary War debts of the states, despite protests of a bailout. It was, he said, as Hamilton framed it, 'the price of liberty.'”

Excerpt from Forbes India -- "Commonly known as the ‘dean of valuation’, Aswath Damodaran, professor of valuation at Stern School of Business at New York University (NYU), discusses his book Narrative and Numbers, how to value companies during the Covid-19 pandemic, challenges for emerging markets, why venture capitalists don't value companies and more."

Excerpt from Financial Times -- "In his book The Great Reversal, Thomas Philippon, a professor at the New York University Stern School of Business, argues that the US has given up on free markets while Europe has finally embraced them. Twenty years ago, air travel, telephone services and internet access were all significantly cheaper in the US than in Europe. Nowadays, thanks to the concentration of corporate power in the US and the increasing competitiveness of the European single market, the reverse is true"

Excerpt from The Atlantic -- "Haidt’s writing and interviews, and our conversations, have clarified for me why we are so tempted to surround ourselves with only like-minded people and caricature those with whom we disagree. He has helped me understand why intellectual honesty is so elusive, why our divisions run so deep, and what steps we need to take to overcome the antipathy that characterizes so much of modern politics. He is also a model of what it means to be a public intellectual."

Excerpt from The Wall Street Journal -- "And it might. Economists at the International Monetary Fund predict this will be the largest global recession since the Great Depression. Anindya Ghose, professor of business at New York University’s Stern School of Business, says even the big tech companies will “see a much bleaker scenario” in coming months, and perhaps beyond, with revenue potentially depressed for a long time if reopening leads to new waves of infections and additional shutdowns."

Excerpt from Economic Times -- "Well, there is no question that the global economy is now in a financial crisis, perhaps unprecedented in its type and quite different than the one in 2008-2009. The extent of this crisis and how long it will last is very much related to the virus and its continued devastation to the global economy. Early indications are that in terms of bankruptcies, defaults, credit issues, this year will perhaps be a record-breaking one."

Excerpt from Business Insider -- "COVID-19 has presented an opportunity to envision our lives when turned upside down, powder redistributed. We can start over. We hoard relationships and the accoutrements of a life others have fashioned for us. We often don't know any better, or don't have the confidence to draw outside the lines until we're older."

Excerpt from Clear Admit -- "One of the values of earning an MBA is exploration. Whether it’s exploring a new industry, function, city, or experience, there lies opportunity in an unusually supported manner when at business school. A subset of this value proposition is something NYU Stern’s Dean, Dean Raghu Sundaram, said to us on our first day of LAUNCH, Stern’s orientation: business school is the best time in your careers to fail. Despite the irony that I’m paraphrasing, this was a moment that I’ve cherished from orientation. There is no safer environment to professionally experiment than business school. The stakes will not be lower! This line from our Dean helped me get through an experiential learning class I took in my first year called Consulting Lab: Branding and Innovation."

Excerpt from U.S. News -- "Adds Acharya: 'It's possible this may not just be [a] phenomenon of three months.' Indeed, new estimates from the European Commission predicted the EU economy could shrink by 7.4% this year, compared to previous predictions of 1.2% growth."

Excerpt from CryptoDaily -- "The Stern School of Business at NYU has been regularly ranked among the top 20 schools of business in the country. Blockchain technology has been made an integral part of its FinTech MBA program at this blockchain institute of technology. This specialization on Blockchain focuses on the impact of blockchain technology on investment and financial world and helps the students to influence international finance, investment banking, etc. and provides with the best blockchain certification and learn how to buy cryptocurrency."

Excerpt from BBC -- "He warned of 'unprecedented' recession. Professor Roubini foresaw the financial crisis in 2008 before many others. 'During the global financial crisis it took about three years until output fell sharply' he told the BBC's Talking Asia programme from his home in New York."

Tune in for a virtual celebration on Friday, May 22, 2020 at 10:00am (ET), and stay tuned on the graduation site for future plans to celebrate in-person.

Tune in for a virtual celebration on Friday, May 22, 2020 at 3:00pm (ET), and stay tuned to the graduation site for future plans to celebrate in-person.