Experience Stern | News & Events

Excerpt from VoxEU -- "The COVID-19 pandemic is a two-pronged health and economic crisis, and requires a two-pronged response. Ahead of an extraordinary meeting of G20 Leaders, this letter signed by 20 economists and global health experts has one simple message: this crisis is global and requires unprecedented cooperation across countries and disciplines."

Excerpt from U.S. News -- "The top business schools for finance prepare graduates to work in business administration and management. Students can often specialize in areas like investment banking and corporate finance. NYU Stern offers an MBA specialization in finance, and the school provides finance classes on topics ranging from bankruptcy and reorganization to volatility."

Excerpt from The Hill -- "'The situation illustrates the problematic nature of the policy which may make sense when we think about it in connection with American elected officials who we want to allow to debate the issues of the day even if they’re misleading,”' said Paul Barrett, deputy director of the New York University Stern Center for Business and Human Rights, 'But [it] looks very different when it is protecting foreign officials who for malign reasons are spreading flat out falsehoods about a pandemic.'"

Excerpt from Reuters -- "Former Bank of England Governor Mervyn King said on Monday that the economic challenge facing Britain was tougher than during the 2008-09 financial crisis and that public borrowing was likely to rise significantly. But he warned against viewing the coming economic downturn like a conventional recession or depression. 'In order to deal with a health crisis, the government is deliberately pressing down on economic activity ... and at some point there will be a rebound,' King said."

Excerpt from Marketplace -- Professor Arun Sundararajan explains why the reliance on full-time employers to deliver safety-net benefits for workers had been breaking down long before the current coronavirus crisis, noting the need to refashion the social safety net.

Excerpt from Clear Admit -- "NYU Stern provided the unique opportunity for me to apply my MBA education to the real world through its extensive experiential learning opportunities. Being based in NYC, Stern has many opportunities to interact with people and companies of all sizes and industries through formal consulting projects and informational coffee chats. I was fortunate enough to participate in many of these opportunities, including Stern Consulting Corps, Operations in NYC, and a “Doing Business In” course in Milan. This was a vital part of my decision making process since I knew I wanted to explore opportunities outside of financial services during my MBA."

Excerpt from Luxury Daily -- "'Reinforcing the heritage of Dior's perfumes and how far back the brand's relationships with the flower farmers in the Grasse area go is one of the goals of this campaign,' said Thomaï Serdari, founder of Brand(x)Lux and director of fashion and luxury MBA and professor at NYU Stern, New York."

Excerpt from GreenBiz -- "In the examples shared throughout the day, one common theme became clear. The companies that have adopted the ROSI framework have had the additional benefit of leveraging NYU’s research capabilities and the resources available from the Stern Center for Sustainable Business to help justify the quantification of the qualitative factors these firms have identified."

Excerpt from Business Insider -- "Roubini warned that a swift recovery looks unlikely as public-health responses in the US and other countries have 'fallen far short of what is needed,' and the stimulus package that Democratic and Republican senators are scuffling over is 'neither large nor rapid enough.'"

Excerpt from Financial Times -- "This reflects the fact that banks remain 'the main source of liquidity insurance' for US companies, according to Sascha Steffen, a professor at the Frankfurt School of Finance, and Viral Acharya of NYU, who studied nearly $1tn of undrawn credit lines held by more than 2,400 US groups. That became clear as the market meltdown began on February 21 and corporate bond, loan and equity markets all gummed up."

Excerpt from Yahoo Finance -- “'Well, there’s no question now that we are heading into a recession, just about everyone is forecasting that. So my analysis has always been ‘what will happen when we go into a recession’, rather than ‘what’s happening, given the good times that we had until the beginning of this year’, and our analysis show that when you go into a recession, then the percentage of companies issuing debt has a percentage of GDP is very important.'"

Excerpt from NBC News -- “'Whether it is trying to come up with a vaccine or trying to come up with better, more accurate or faster tests, this is a transformation,' said White. 'They expect to get paid for this, but it is still a pivot to something that is more focused on the national and international issue.'”

Excerpt from Business Insider -- "Primal instincts compel us to behave differently at times of panic. Yet how you act when nobody's looking, under stress or during a crisis, is the ink over the outline of your behavior when things are good. Remaining cool, calm, collected allows us to make strategic choices."

Excerpt from NBC News -- “'It’s really a bit of a facsimile of what it once was,' said Richard Sylla, a financial historian at NYU’s Stern School of Business and chairman of the Museum of American Finance. 'It’s a bit of a fossil now.'”

Excerpt from Kurier -- "The investment advisors and brokers are currently busy to reassure clients. 'I advise patience,' says Haran Segram, Asisstant Professor at the New York University Stern School of Business."

Excerpt from InStore Magazine -- "In a 2017 study, Xavier Giroud (of MIT’s Sloan School of Management) and Holger Mueller (of NYU’s Stern School of Business) found that the vast majority of businesses that were shuttered during the Great Recession had become highly leveraged in the run-up to the downturn."

Excerpt from JumpStartMag -- “'Under present antitrust law, breakups and other structural remedies can only be imposed when there is proof of extreme violations of antitrust law,' says Economides. 'At present, we do not have well-defined violations. We are really far away from establishing extreme violations of antitrust law for which a [breakup] would be appropriate.'"

Excerpt from Reuters -- "Ed Altman, a professor at New York University’s Stern School of Business who created the Altman Z-Score to sniff out companies in financial distress, examined 350 BBB-rated U.S. companies as of the end of 2019. His research indicated that more than 30% of those companies, with $600 billion or more of bonds, should have been rated ‘junk’."

Excerpt from Adweek -- "Overall, White said, 'We will see modest losses at first, but unless the virus experiences a turnaround within a month or two, we will see more severe losses for companies like appliance [manufacturers] or for Boeing. And it’s not going get any better. So except for your Amazon and delivery companies, this ain’t good news for anyone.'”

Excerpt from Bustle -- “'Resist the urge and comfort of double-clicking on Amazon or Walmart,' advises Allen Adamson, co-founder of the marketing firm Metaforce and adjunct associate professor at the NYU Stern School of Business. 'Call your local hardware store if you need a few items and ask them to deliver. If you need new sneakers for all the outdoor running you will be doing versus going to the gym, call a runners shop versus [ordering on] Zappos.'”

Excerpt from The Cut -- "They’re likely responding to images of empty shelves and stocked carts that proliferated on social media and in the news last week, inciting a snowball effect, explains Adam Alter, an associate professor of marketing at New York University’s Stern School of Business. 'A few early hoarders drive the rest of the population to hoard by signaling that the product is in short supply.'”

Excerpt from Quartz -- “'Data from China show that the (online shopping) numbers will stay elevated even after the crisis, as more people are exposed to the ease and fun of online shopping,' Anindya Ghose, professor of technology, operations, and statistics at New York University’s Stern school of business, told Quartz."

Excerpt from Financial Express -- "Michael Spence, professor at the New York University's Stern School of Business and 2001 Nobel Laureate in Economics, in a video conference interaction from Milan with some of us at the Pune International Centre, suggested that the twin forces of digital transformation and the current economic slowdown could disrupt employment prospects at a hitherto unimaginable rate this year."

Excerpt from Yahoo Finance -- “'The question for managers is do they know about future performance substantially more than investors do? My guess is that in most cases managers aren’t now better informed than investors' said Baruch Lev, the Philip Bardes professor of accounting and finance at NYU’s Stern School of Business."

Excerpt from Clear Admit -- "I wholeheartedly believe that my Stern experience opened the doors for my career at Microsoft today. Our amazing alums in tech guided me throughout my two years and were genuinely invested in my success. Even Sternie alumni in the C-suite always made time to talk, strategize, and ultimately to build a lifelong relationship. Now, I’m so grateful to call some of those champions my co-workers! I feel similarly about our Office of Career Development. These coaches really went above and beyond to create opportunities for me to meet and learn from leaders in big tech. They were proactive, supportive, and assured me when I needed encouragement."