Experience Stern | News & Events

Excerpt from the Financial Times -- "'The Fed continues to tighten the stress-testing regime,' says Kim Schoenholtz, a professor at NYU Stern School of Business in New York. 'I see no reason for them to stop and I don’t expect them to.'"

Excerpt from Yahoo Finance -- "'Owning a hotel is a terrible business,' says Scott Galloway, a marketing professor at New York University’s Stern School of Business. 'Licensing your name and taking a portion of the proceeds is a great business.' ... 'What really jumps out at me is how asymmetric the [Trump Tower Tampa] contract is,” says Stijn Van Nieuwerburgh, director of the Center for Real Estate Finance Research at the Stern School. 'Trump has very little contractual obligation and a lot of rights.'"

Excerpt from the Thomson Reuters Foundation -- "At the end of the day, the question for governments, workers, and employers should be how to ensure that employment in the many facets of global supply chains represents decent work with dignity. New approaches are clearly in order. What shape these solutions take is the thing to watch in the coming decade."

Excerpt from Nikkei Asia -- "'They just welcomed all forms of investment at a high and a low level,' Foudy said of the country. 'Basically it serves as a headquarters for multinationals, servicing much of Asia. It combines stability with a Western legal system and property rights. It has a challenge of rising inequality, but it also is a country that essentially has no capital gains tax or inheritance tax as well. So it's become sort of a magnet for the wealthy and the people trying to find safety and security.'"

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"

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 A key challenge for these workers, however, is outdated employment laws that draw a line between independent contractors (such as Uber drivers, who work for themselves) and full-time employees, who are eligible for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."

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.

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."

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."

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."

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.'"

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."

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.'"

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."

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."

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.'"

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."

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."

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.

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."

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."

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."

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."

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

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."