Faculty News

Professor Thomai Serdari is quoted in an article exploring whether the COVID-19 pandemic is accelerating an already-rapid decline in print advertising

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."
School News

The School's SternWorks program, a major new initiative created this spring to connect MBAs with vital small businesses in need of help to share their skills and give back to the NYC community, is highlighted in a P&Q trend story

Poets and Quants logo
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."
Faculty News

A recent co-authored report by Professor Tensie Whelan and Center for Sustainable Business Director of Corporate Research & Engagement Kevin Eckerle on communicating sustainable value creation quarter by quarter is cited

Financial Times logo
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." 
School News

Stern is spotlighted on P&Q's list of top MBA programs for real estate; the School's Center for Real Estate Finance Research is highlighted for its expansive real estate course offerings and deep ties to industry

Poets and Quants logo
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."
Press Releases

CEO Investor Forum & NYU Stern Center for Sustainable Business Shows How to Reorient the Capital Markets to Focus on Long-Term Impact

Henry Kaufman Management Center
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.
Business and Policy Leader Events

In Conversation with the Dean featuring Professor Jonathan Haidt

Raghu Sundaram and Jonathan Haidt
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.
School News

Stern is highlighted in a feature on career placement for its strength in the Accounting/Taxation, Business Analytics and Big Data, Finance/Financial Services, Luxury Brand Management and Media/Entertainment industries

find MBA logo
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."
Faculty News

Professor Aswath Damodaran's analysis on Peloton's IPO price is spotlighted

investorplace_190x145
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."
Faculty News

Professor Richard Sylla weighs in on a story examining the role the federal government should play as Congress continues to negotiate the next coronavirus crisis relief bill

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.'”
Faculty News

In a Q&A interview, Professor Aswath Damodaran shares his perspective on how investors can effectively value companies during the COVID-19 pandemic

Forbes India logo
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."
Faculty News

Professor Thomas Philippon's book, "The Great Reversal," is spotlighted in an article exploring the evolution of the distribution of wealth

Financial Times logo
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"
Faculty News

In an in-depth feature, Professor Jonathan Haidt shares his thoughts on the coronavirus pandemic and its impact on polarization and politics

The Atlantic logo
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."
Faculty News

Professor Anindya Ghose cautions that big tech companies could be facing serious revenue depression over the next few months due to the coronavirus crisis

Wall Street Journal logo
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."
Faculty News

In a Q&A interview, Professor Edward Altman offers his perspective on the current state of the global economy and shares predictions for what industries will be hit hardest by the coronavirus crisis

The Economic Times logo
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."
Faculty News

In an op-ed, Professor Scott Galloway lays out a plan to help mitigate the effects of the coronavirus crisis

Business Insider logo
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."
School News

Recent graduate Sami Abdisubhan (MBA '20) highlights how Stern’s commitment to experiential learning helped to better prepare him for the professional world; the School’s Consulting Lab: Branding and Innovation class is mentioned

Clear Admit logo
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."
Faculty News

Professor Viral Acharya is quoted in a story comparing government assistance programs for workers during the coronavirus pandemic in the U.S. and Europe

U.S. News and World Report logo
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."
School News

Stern's Fintech MBA specialization is spotlighted in a roundup of top b-school blockchain education offerings

CryptoDaily Logo 190 x 145
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."
Faculty News

Professor Nouriel Roubini shares his predictions for how the global economy will respond in the wake of the coronavirus crisis

BBC News logo
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."
Graduation

Undergraduate Class of 2020 Virtual Celebration

Purple graphic with "#Stern2020"
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.
Faculty News

Professor Robert Seamans' recent comments on how to effectively reduce the digital divide are mentioned

Forbes logo
Excerpt from Forbes -- "As with any policy debate, there are also areas of disagreement. For example, public interest advocates seek a greater role for municipal broadband; industry naturally pushes back on the notion of competing against entities that are not maximizing profits. Although there are competing proposals for attacking the problem—fellow Bytes contributor Rob Seamans offered some suggestions in a recent column—one can start to see the contours of a solution to what has been up until now an intractable issue."
Faculty News

Professor Allen Adamson is quoted in a story exploring how Jet.com prepared Walmart for the coronavirus pandemic

Excerpt from Adweek -- "Additionally, Allen Adamson, founder of marketing firm Metaforce and adjunct professor at New York University’s Stern School of Business, said acquisitions are sometimes used as catalysts to “get your own people to move faster” and the internal competition between Walmart and Jet staffers could have forced each team to work harder."
Faculty News

Professor Arun Sundararajan highlights how the COVID-19 pandemic has accelerated the inevitable phase in the evolution of ride hailing in which companies would rely less on aggressive discounting and prices would go up

Quartz logo
Excerpt from Quartz -- “'It’s a phase in the evolution of ride hailing that we expected to see at some point, where [ride-hailing companies] would rely less on aggressive discounting and prices would go up,' says Arun Sundararajan, a professor at New York University’s Stern School of Business who focuses on the sharing economy. 'We would have reached a point where prices were in line with what people are willing to pay for a higher quality product—we’re just reaching that point faster.'"
Faculty News

Key takeaways from Professor Jonathan Haidt's moral foundations theory are highlighted

The New York Times Logo
Excerpt from The New York Times -- "The opposition among conservative Republicans to the lockdown — designed to protect American from contact with the coronavirus — presents an interesting corollary to the moral foundations theory developed by Jonathan Haidt of N.Y.U. and Jesse Graham of the University of Utah. In essence, the theory posits that conservatives are more preoccupied with notions of purity and disgust than liberals."