School News

Recent MBA graduates Luke Douglas and Samantha Thiel are named to the Poets & Quants "MBAs to Watch" list

Poets and Quants logo
Excerpt from Poets & Quants -- "'With the formation of the NYU Impact Investing Fund (NIIF), NYU Stern can now provide practical, hands-on experience for students who want to enter the impact investing sector after school, all while deploying investment capital to deserving organizations in the NYC community.' - Luke Douglas 'I am incredibly thankful for the way that I have been pushed to fulfill my own potential by the intelligence, ambition, and above all, compassion, of other Stern students.' - Samantha Thiel"
Faculty News

Profesor Arun Sundararajan's book, "The Sharing Economy," is reviewed

Financial Times logo
Excerpt from the Financial Times -- "Using his own research, Sundararajan finds that workers on digital marketplaces in the US earn slightly more than nondigital counterparts. A key challenge for these workers, however, is outdated employment laws that draw a line between independent contractors (such as Uber drivers, who work for themselves) and full-time employees, who are eligible for benefits. Sundararajan suggests a new category of 'dependent contractor', which would allow companies to provide some training and benefits without triggering full employment status."
Press Releases

NYU Stern to Offer New FinTech Specialization in the MBA Curriculum Starting Fall 2016

Henry Kaufman Management Center
NYU Stern School of Business, known for its academic strength in finance, is expanding its MBA curriculum to prepare students for future jobs in FinTech as the finance industry faces one of the most significant disruptions in its history. Beginning in Fall 2016, Stern’s full-time and part-time MBA students can choose FinTech as a specialization, a first among top business schools, and take electives from a menu of eight new courses.
Faculty News

Professor Baruch Lev's new book, "The End of Accounting," is featured

BizEd Magazine logo
Excerpt from BizEd -- "The fact that data reporting seems 'frozen in time' is a serious problem for the accounting field, according to Baruch Lev of NYU and Feng Gu of SUNY Buffalo. They write, 'We grade the ubiquitous corporate financial report information as largely unfit for twenty-first century investment and lending decisions.' They propose a new type of report that includes information about 'patents, brands, technology, natural resources, operating licenses, customers, business platforms…and unique enterprise relationships.' This sharp, smart book takes a new look at an old discipline."
Faculty News

Professor Arun Sundararjan discusses the increase of trust in the digital age, from his book, "The Sharing Economy"

Salon logo
Excerpt from Salon -- "...over the last 50 years we’ve relied on brand-based trust for most of our everyday economic activities. You let your kid ride the roller coaster at Six Flags but not at the park by the side of the road. You feel comfortable drinking a Coke in a foreign country… Now we are digitizing a lot of social capital, learning from the experience of others. And with that infrastructure comes new peer-to-peer commercial activity."
Faculty News

Professor Nouriel Roubini's views on the UK's possible exit from the European Union are highlighted

CNBC logo
Excerpt from CNBC -- "Roubini, nicknamed 'Dr Doom' after a series of gloomy forecasts, laid out his warnings for the U.K. in a series of tweets on Tuesday, ahead of the referendum Thursday. He argued that the country's substantial current account and fiscal deficits 'may risk a sharp currency fall and a sudden stop of capital' if a majority of voters opt to leave the EU."
Faculty News

Professor Lawrence White discusses the potential impact of Donald Trump's proposal to increase tariffs on goods from China and Mexico

PolitiFact logo
Excerpt from Politifact -- "'Retail prices for imported goods into the U.S., and for domestic goods that are reasonable substitutes for imported goods, would increase,' said Lawrence J. White, a professor at New York University’s Stern School of Business. 'This surely does mean a higher cost of living.'"
Faculty News

Professor Lisa Leslie's research on a pay premium for high-potential women is referenced

Fast Company logo
Excerpt from Fast Company -- "The executive pay bump in favor of women was recently explored by NYU Stern professor Lisa Leslie. An extensive study of high-potential female professionals at Fortune 500 companies, found that 8% of female leaders earned more than their male counterparts. Leslie believes this is driven by corporate diversity initiatives that value the contributions of their under-represented female cohort. And we know that the tech industry has been working hard to correct its lack of diversity for several years now."
Faculty News

Professor Vasant Dhar underscores the growing demand for workers with data analytics expertise

BusinessBecause logo
Excerpt from BusinessBecause -- "In recent years business masters students, and MBAs, have flocked... to tech employers, such as Google, Amazon, and Facebook. 'Data is their business,' said Vasant Dhar, NYU Stern professor of data science. He added: 'The growth path for all of them is about how to obtain more and better data about people, places, [and] events, and to put it all together into innovative products and services.'"
Faculty News

Professor Arun Sundararajan is interviewed about his new book, "The Sharing Economy"

Quartz logo
Excerpt from Quartz -- "Trust in the US has been falling over the last 40 years. This drop has been particularly acute among people who are in the age group of millennials. This is the generation that grew up digital. I think part of their embracing the sharing economy is a rejection of what used to facilitate trust, and an embracing of the trust mechanisms that are native to them."
Faculty News

Research by Professor Adam Alter and Alumna Eesha Sharma (PhD '13) on financial insecurity and deprivation is featured

Strategy and Business logo
Excerpt from Strategy + Business -- "...when people believe others are better off, they want things they think those other people don’t have. However, when the items are less available because their peers already have them, it diminishes the ability for these items to offset the relative imbalance in resources, and the effect goes away."
Faculty News

Professor Samuel Craig discusses the temporary outage of HBO Now during an episode of "Game of Thrones"

Marketplace Logo
Excerpt from Marketplace -- "'There's a big social element to it,' said Sam Craig, a professor of marketing at the NYU Stern School of Business. 'You want to see it, because you've got friends that watch it, and you want to be able to talk about it. You want to be in the know.'"
Faculty News

In an op-ed, Professor Luís Cabral argues that despite talk of a "Brexit," the European Union has brought multiple economic benefits to the region

CNBC logo
Excerpt from CNBC -- "The consensus seems to be that the European experiment has failed. I beg to disagree; and would argue that, on the whole, the European Union will go down in history as one of the continent's greatest moments."
School News

Professor David Yermack discusses the challenges and opportunities brought on by blockchain technology; his forthcoming course on the subject is highlighted

Financial Times logo
Excerpt from the Financial Times -- "Professor Yermack predicts that a technological evolution will shrink the size of the industry’s workforce overall, but in doing so it will create many specialist tech jobs. Stern School will teach its MBA students about digital currencies, blockchains and their growing place in the financial services industry from next spring. It also plans a course for executives."
Research Center Events

Executive Education Short Course: Great Leadership: Developing Practical Leadership Skills

Executive Education Short Course
This program is meant for those who wish to better understand and further develop their potential and propensity to lead others. The program is based on the premise that leadership is not a genetic inheritance. It’s a skill to acquire and master. A journey to commence and complete.
School News

MBA student Bryan Coughlin shares how he balances business school and family

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Excerpt from Clear Admit -- "Coughlin and his wife, Tania, are always looking for ways to squeeze in family time with 20-month-old Joshua wherever they can, even and especially in the busiest stretches of school. Tania, for her part, volunteered to accompany Bryan on his 25-minute walk to school every morning."
Faculty News

Professor Anthony Saunders' joint research on banking executives and risk-taking is featured

Financial Times logo
Excerpt from the Financial Times -- "The personality and talent of bank executives is more important in shaping the risk taking of the institutions they work for than pay, bonuses or education, an analysis of more than 1,500 top US bankers has found."
Faculty News

Professor Thomas Philippon's research on the financial services industry is highlighted

Guardian logo
Excerpt from The Guardian -- "Meanwhile, a landmark study by Thomas Philippon, professor of finance at New York University, has calculated the productivity of finance since the 1880s. His central finding is that despite extraordinary improvements in technology and computing driving down costs across a multitude of sectors, there has been no reduction of costs in finance."
Faculty News

Professor Nicholas Economides explains the potential economic consequences of "Brexit"

Al Jazeera logo
Excerpt from Al Jazeera -- "As part of the EU, Britain is part of various treaties with hundreds of countries for preferential treatment. Now all these will have to be negotiated from scratch if Britain leaves the European Union. Additionally, Britain is a financial center for most American corporations to Europe. So the banks, for example, the American banks have their EU operations, the European operations, in Britain. So if Britain is out of Europe, things are going to change. They'll have to move to Frankfurt and so on. Britain is going to lose tremendously as a financial center if that happens."
Faculty News

Professor Scott Galloway's comments on the evolution of the advertising industry are highlighted

CNBC logo
Excerpt from CNBC -- "As Professor Scott Galloway of NYU says, 'Advertising is increasingly a tax that poor people or the technologically unsophisticated pay,'..."
 
Faculty News

Professor Aswath Damodaran's blog post on low interest rates is highlighted

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "Aswath Damodaran, a finance professor at New York University and an expert on valuing companies, points out that companies’ past earnings come from a period in which the risk-free rate was much higher."
Faculty News

Professor Richard Sylla comments on Baltimore Gas and Electric Co.'s 200 years in business

The Baltimore Sun logo
Excerpt from The Baltimore Sun -- "BGE joins a small club of companies to celebrate a bicentennial. The exact number of members is hard to pin down, but many of the companies that make it this far have a few things in common: They offer goods or services that never go out of style, and they are large enough to carry on after a top executive dies, said Richard Sylla, an economic historian and professor at New York University's Stern School of Business."
Faculty News

Professor Arun Sundararajan discusses his new book, "The Sharing Economy"

Bloomberg logo
Excerpt from Bloomberg -- "Well, I think we're at the early stages of a pretty massive transition in how we organize economic activity. In the 20th century, we reached sort of the pinnacle of organizing economic activity inside massive hierarchies, large corporations. We're starting to take it out of the corporations and have it flow through these things called platforms, like Uber, Airbnb and Etsy."
 
Faculty News

Professor Jeffrey Simonoff's research on the connection between Broadway show reviews and success is featured

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Excerpt from The Economist -- "In a paper published earlier this year, Mr Simonoff and his colleagues found that while shows that received positive reviews in USA Today and the Daily News tended to survive longer on Broadway, reviews in the New York Times has no statistically-significant effect."
Faculty News

Professor Arun Sundararajan's new book, "The Sharing Economy," is featured

TED logo
Excerpt from TED -- "Sundararajan, a professor at New York University’s Stern School of Business, sees enough value in the sharing economy — today’s networked, person-to-person exchanges of goods and services — to be an optimist. What’s more, he says, the potential advantages are not just commercial but can make us a more connected and trusting society."