Experience Stern | News & Events

Excerpt from Reuters -- "Former Bank of England governor Mervyn King said he also supported an extension of the scheme. 'I hope that (Sunak) will extend these support schemes today to give businesses some comfort, needed comfort, over the next few months,' King told BBC radio."

Excerpt from JustStyle -- "The reopening of factories is welcome and bitter at the same time. Many garment workers, mostly young women, need the income that their factory work provides and are fearful of losing their jobs. But they also know the risk to their lives and their loved ones if they return to work and contract the virus."

Excerpt from Pix11 -- "Unfortunately for Tanriverdi, economists like Nicholas Economides of NYU’s Stern School of Business, say personal service providers might be some of the last businesses that’ll open back up. 'The rational thing is to open factories where people can be far apart,' Economides said. 'Then go to industries with closer contact.'”

Excerpt from Pix11 -- "'At least over the next six to 12 months I would not be surprised to see 50% of workforce cut,' said NYU Stern’s School of Business Arun Sundararajan. In recent years, New York City welcomed about 65 million visitors for business and tourism each year. Sundararajan said people will likely make different choices in the years ahead."

Excerpt from City Journal -- "NYU economist Thomas Philippon’s 2019 book, The Great Reversal: How America Gave Up on Free Markets, was motivated by his observation that European economies have advanced past the U.S. in—as his primary example—'home Internet access.' Citing a survey indicating that U.S. households paid about $66 a month for residential broadband while German households paid just $36, he asks, 'How did the U.S. . . . become such a laggard?'”

Excerpt from The New York Times -- “'The quality of care declines after the private equity buyout, which seems to reflect staffing cuts,' said one of the report’s authors, Sabrina T. Howell, assistant professor of finance at New York University’s Stern School of Business."

Excerpt from Yahoo Finance -- "New York University Leonard N. Stern School of Business (No. 2), Harvard (University) Business School (No. 3), The University of Texas at Dallas Naveen Jindal School of Management (No. 4) and Columbia (University) Business School (No. 5) round out the top five in both the Worldwide and the North American rankings."

Excerpt from Poets & Quants -- "When coronavirus shut down campuses across the country, the part-time MBA program at New York University’s Stern School of Business was ready to pivot to all-online, says JP Eggers, vice dean for MBA programs. Students adapted well because of the flexibility built into the program, including three options for pursuing their degree. 'Flexibility,' Eggers says, 'is the defining characteristic of our part-time MBA program. Right from the start, students choose the program path that best meets their needs — the two-year accelerated option, weeknight option, or the Saturday option. They can put their program on hold at any time and resume when ready within a six-year limit, a choice that was available well before the coronavirus.'"

Excerpt from Pix11 -- "PIX11 News asked NYU Stern School of Business’s Hans Taparia if working through these conditions would give them more leverage moving forward. 'I think the social justice efforts will pick up steam,” Taparia said. “But the corporation is getting more powerful… and with large unemployment the leverage shifts to the corporation.'”

Excerpt from Medium -- "According to Prof. Henry Assael of NYU, most consumer purchase decisions can be summarised as complex buying decisions, dissonance buying decisions, variety seeking decisions or habitual buying decisions."

Excerpt from Adweek -- "The Times, like other publishers, has seen an uptick in traffic to its coronavirus coverage. Also like other publishers, the Times has made a substantial amount of that coverage (including a live blog) available for free. It’s a way for the media organization to put its journalism front and center for a potentially new audience, said Paul Hardart, clinical professor of marketing at NYU Stern School of Business."

Excerpt from Retail Dive -- "The label 'had a major cultural moment' after Mickey Drexler arrived from Gap in 2003 to become CEO, and later promoted Jenna Lyons to lead its creative team, according to Thomai Serdari, a marketing and branding professor at New York University's Stern School of Business, and author of the forthcoming book 'Rethinking Luxury Fashion, The Role of Cultural Intelligence in Creative Strategy.'"

Dean Raghu Sundaram and Professor Aswath Damodaran engaged in a wide-ranging discussion, touching on everything from how valuation strategies shift during a crisis, to how some businesses will fail and others will be made stronger after the pandemic and the future of active versus passive investing.

Excerpt from WalletHub -- "Free balance transfers have been around for decades. Specific cards offer them a specific promotion at various times. I expect that they will continue to be offered but not continuously by the same card for a long time."

Excerpt from Business Insider -- "Galloway predicts that Amazon will be the fastest-growing healthcare company in the world by 2025. It's no accident, he says, that the company is investing a lot of money in better COVID-19 testing."

Excerpt from U.S. News -- "Executive MBA students at NYU select 12 elective classes in their second year, which means that they can customize their curriculum. They also can elect to concentrate on one business discipline or specialize in two or three business fields simultaneously. Potential specializations vary widely, from financial instruments and markets to supply chain management and global sourcing to entrepreneurship and innovation."

Excerpt from BNN Bloomberg -- "Famed economist Nouriel Roubini, who predicted the 2008 financial crisis, is calling for a global depression in the middle of the decade. In an interview with BNN Bloomberg's Amanda Lang Tuesday, the author and New York University economist says the most likely economic scenario 'is that of a "U-shaped recovery' and 'there is also a risk of an L, what I call a greater depression, that's my baseline for the rest of the decade, but not this year.'"

Excerpt from Pix11 -- "Priya Raghubir with NYU’s Stern School of Business expects mandatory mask, gloves and maybe even temperature checks to be a standard part of air travel going forward. She expects some resistance at first, similar to the changes made after 9/11. 'Everyone had to be told many times take off your shoes, take off your belts, take out your change, take out your phone,' Raghubir she said. 'People eventually get used to it.'

Excerpt from WSBT -- "According to Deepak Hegde, an associate professor of management at New York University's Stern School of Business, there is a long term issue at play: weakening links between employers and employees could put the American economy in a weak position when the global economy restarts. 'Those other economies will be able to get started, restarted very soon and get launched where as we might fall behind as our companies struggle to replace and retrain all the employees that they have fired off in the short run,' Hegde said."

Excerpt from CNN -- "Her influence led to both sold-out stock and stock market boosts: In a 2010 study, New York University professor David Yermack found that J. Crew's stock increased 25% after Obama wore J.Crew on "The Tonight Show" in October 2008."

Excerpt from Forbes -- "As NYU moral psychology professor Jonathan Haidt and his co-author Greg Lukianoff put it, 'A culture that allows the concept of ‘safety’ to creep so far that it equates emotional discomfort with physical danger is a culture that encourages people to systematically protect one another from the very experiences embedded in everyday life that they need in order to become strong and healthy.'”

Excerpt from Medium -- "The closure of borders hit the U.S. with almost immediate effect and lasted for four decades: a 68% plunge in U.S. patents in the fields where the blocked immigrants worked, including electrochemistry, fluid dynamics, and mathematical analysis, according to a recent paper co-authored by Petra Moser, a professor at New York University. The innovation drought continued through 1965 when the Johnson administration’s Immigration Act reopened the country."

Excerpt from The Economist -- "But any evidence of lasting damage to the brand would be slow to emerge, points out Tom Meyvis, a professor of marketing at the Stern School of Business, at New York University. Market research amid a lockdown is unreliable, as is purchasing behaviour during a global recession."

Excerpt from Pix11 -- "NYU Stern School of Business Professor Russell Winer said the pandemic did not create retail problems, it just exposed already vulnerable companies. 'I view the COVID-19 crisis as an accelerator,' Winer said. 'The brands having trouble before, are going to continue to have trouble.'"

Excerpt from Poets & Quants --  “I knew I wanted to be in New York City long term. I felt it was important to choose a school that was located in or near the city, which would give me access to networking and recruiting opportunities for New York-based roles. After visiting Stern’s campus, I was truly blown away by the kindness and camaraderie demonstrated by the students I spoke with and knew I wanted to be part of a community like Stern’s.” - Rebecca Dewey

“I chose Stern for two main reasons. First, the community. Stern prides itself on “IQ + EQ” and I was drawn to a school that emphasized the human side of business as well as its technical aspects. Secondly, I wanted to stay in the Northeast. Living in NYC before business school, I knew how much the city had to offer in terms of access to companies and events. Stern does a fantastic job of connecting students with the city, and I’ve really enjoyed being able to visit companies in person and get involved in experiential learning projects in the city.” - Allie Kornstein