Experience Stern | News & Events

The NYU Stern Center for Global Economy and Business hosted the Economic Outlook Forum on September 9, 2020.

Excerpt from FindMBA -- “Professor Karen Brenner was appointed by New York University’s Stern School of Business and the School of Law as director of law and business, acting as a bridge for the two disciplines. “Business and law are inextricably linked,” she says. ‘Corporations are legal entities; the law provides the context in which business operates and combining the degrees allows students to see how the two disciplines interact.’” 

Excerpt from Poets & Quants -- “NYU’s Stern School of Business is further testifying to the wisdom of an extended app season with a class profile that matches or sets three school records — and that reverses a two-year slide in applications.”

“‘Despite the forces at work restricting the free flow of high-skilled immigrants to the U.S., the demand for a Stern MBA among international students remained very strong this year,’ Sundaram says. ‘However, in late July, in view of the continuing uncertainty created by ICE pronouncements — adding to an already stressful situation for many new students of closed U.S. consulates worldwide — we made a conscious decision to offer all our international admits the option to defer for a year at the cost of admitting a smaller class. This was absolutely the right thing to do. Since its founding, NYU has opened its doors to immigrants, and this remains an essential part of our DNA.’”

“'Given the rapidly changing conditions the world has faced this year, we’re especially thrilled to bring in one of the strongest, most diverse classes on record at Stern,'” Ahmed said in a news release."

Excerpt from Higher Education Review -- “The tech MBA program offered by Stern School of Business focuses on four main aspects. This includes teaching the students about business and technology and also lays emphasis on experiential learning and the elective courses students get to choose.

“People usually think there are not many technology companies on the east coast, but most popular companies will have an office in New York or in the periphery giving the B-school a good geographic location advantage. Moreover, the Stern Solutions component offers the MBA candidates an opportunity to work and participate in built-in projects on the east and the west coasts.”

A sampling of media highlights for the week of September 1, 2020

Excerpt from Poets & Quants -- "That happened to NYU Stern’s Myryah Nicholas, who wondered if she could make it in New York City – let alone the beauty industry. That’s when she came across an advertisement…and reflected back on her original purpose — and knew everything would eventually turn out right. 'I stumbled across a Mother’s Day billboard that read, “I didn’t go nine months without chardonnay for you to hate your job.” While the sighting initially provided a good laugh, the message stuck with me. I knew I owed it to the people who supported me and, more importantly, myself to pivot into a career path I loved. On the plane ride home, I vowed to take the risks I needed to achieve my goals. Four months later, I was living in New York—the epicenter of the beauty industry—and one step closer to making my dreams come true.'"

Excerpt from Poets & Quants -- "What word best describes the NYU Stern classmates you’ve met so far? Why?
 ‘IQ + EQ’. They are not only some of the sharpest and brightest young minds, but also extremely empathetic and helpful. I can’t wait to know each one of them more intimately."

Excerpt from GreenBiz -- "Most sustainability practitioners believe customers will reward a company for doing the right thing. We know it’s a complex story and that price, accessibility of product and perceived efficacy all affect shoppers’ choices. In general, however, we trust that customers will pick sustainable solutions if they are easy to find and price differences are negligible. And there is evidence that consumers do prefer to buy sustainable products. NYU Stern’s landmark study found that 50 percent of CPG growth from 2013 to 2018 came from sustainability-marketed products. The study is based on what consumers actually bought — not what they said they would do."

Excerpt from The Guardian -- "Ethiopian workers are the lowest paid in the global garment supply chain. According to a report by the NYU Stern Center for Business and Human Rights, the minimum wage for Ethiopian garment workers is $26 a month, compared with $95 in Bangladesh and $326 in China."

Excerpt from BNN Bloomberg -- "Rosa Abrantes-Metz, adjunct associate professor, NYU's Stern School of Business discusses the difficulties in preventing and investigating gold spoofing and other forms of precious metals market manipulation."

Excerpt from Poets & Quants -- "Going back to my inclination for structure, I developed my own framework for how I approached year one. I think it is flexible enough to apply to all students and simple enough to not feel overwhelming. It is a five point plan that covers the major areas of the experience and allows you to define what is important to you. My anecdotes stem from my experience as someone who is transitioning careers from general management into consulting. At the same time, my framework and recommendations are flexible enough to be applicable to all students."

Excerpt from Business Insider -- "Paul Barrett, the deputy director of the NYU Stern Center for Business and Human Rights, told Business Insider in April that he'd seen an explosion of domestically sourced dis- and misinformation in recent months. Barrett also released a report last year detailing how dis- and misinformation would play a role in the upcoming election. 'In terms of sheer volume, domestically generated disinformation now exceeds malign content from foreign sources and will almost certainly be a factor in the next election,' the report said."

Excerpt from Poets & Quants -- "Matthew Meade has his fingers on everything at JP Morgan Chase. As a vice president, Meade leads a seven-member team that covers 99 trading desks and 15 lines of business across the globe. In a nutshell, his job is to make work easier for everyone else. He examines every possible metric across the firm, assessing their value and limits, he says. From there, Meade moves this data onto digital platforms so anyone can drag, drop, and trend it. An unsung hero? More like the consummate team player. After all, Meade was once tapped to build a tech operation from scratch at JP Morgan Chase. He automated it so well that he wasn’t needed to run it. Don’t worry, Meade found plenty of internal suitors after he’d finished. To borrow one of his favorite phrases: 'Good word comes from good work.' Now, Meade is spreading the word in a different way. This month, he published his first book, Wisdom on the Way to Wall Street: 22 Steps to Navigating Your Road to Success. For Meade, the book is a look back over a 15 year Wall Street finance career as much as a roadmap forward. Forget tutorials on reinvestment risk and swap spreads. Meade focuses on the lessons that Wall Street honchos often take for granted: relentless learning, quiet reflection, and authentic interaction."

Excerpt from Bloomberg -- "The global economy faces a risk of a slow recovery or even another slump along the way unless a vaccine is found, according to Nouriel Roubini. Speaking on Bloomberg Television on Friday, Roubini predicted that the shape of the recovery, which some predicted to be V, 'is becoming a U and the U could become a W if we don’t find a vaccine and don’t have enough stimulus.'”

Excerpt from GreenBiz -- "'Consumers want to buy sustainable products and e-commerce retailers can help them do so by sharing environmental and social data on their online platforms,' said Tensie Whelan, professor and director of the NYU Stern Center for Sustainable Business, and author of the report’s foreword, in a statement. 'Whether companies choose to jump at this opportunity will determine their ability to cultivate the consumer and remain competitive over the long-run.'"

Excerpt from Yahoo Finance -- "Professor at NYU Stern School of Business and Author of ‘The Sharing Economy' Arun Sundararajan joins Yahoo Finance’s Akiko Fujita to discuss the future of Uber and Lyft in California."

This spring in response to the coronavirus pandemic, NYU Stern launched SternWorks, a major new initiative aimed at connecting MBAs with vital small businesses in need of help to share their skills. By focusing efforts on the types of small businesses and nonprofits that are most acutely feeling the economic pain of the current crisis, the goal is to provide students an opportunity to put their business skills to work for those who need support more than ever before. One pillar of the new initiative, SternWorks: Serve NYC, focuses specifically on short- and long-term volunteer opportunities for MBA students to give back to the NYC community. 

Excerpt from Institutional Investor -- "Researchers from Canada’s University of Waterloo, Tilburg University in the Netherlands, and New York University’s Stern School of Business challenged the 'widespread claims by fund managers, ESG data purveyors, and the financial press' that companies with high ESG scores were better situated in the pandemic. In particular, the authors — Elizabeth Demers, Jurian Hendrikse, Philip Joos, and Bauch Lev — cited reports from BlackRock, Morningstar, and MSCI, which all found that ESG funds outperformed during the crash."

Excerpt from Mashed -- "According to Tom Meyvis, a professor of marketing at New York University's Stern School of Business, the first trick employed by Target to suck you in lies in how they display the massive variety of items for sale (via Refinery29). For example, by placing hot sauce next to Pepto Bismol, customers shopping for one are more likely to leave with both. This process is called cross-selling, and it's surprisingly effective; so the next time you're at Target and not looking to over-stuff your pantry, keep an eye out for these clever but innocuous-looking pairings to ensure you're only purchasing what you really need. Of course, this is just one of the tricks in Target's bag."

Excerpt from Retail Dive -- "'Who is saying, 'Help me plan your wardrobe or your trousseau'?' Anika Sharma, professor at New York University's Stern School of Business, said in an interview last year. 'This is why brands like Stitch Fix are doing well. I would expect something like that from a place like Lord & Taylor, but the store is not doing well because they've taken those people out. They're a depository of other brands, but they don't stand for something.'"

Jihoon Rim, former CEO of Kakao, joined NYU Stern’s Management and Organizations Department as a Visiting Professor of Management Practice. During the 2019-2020 academic year, he served as an Executive-in-Residence for the School’s Fubon Center for Business, Technology and Innovation, while holding an appointment as an adjunct professor in the Technology, Operations, and Statistics Department teaching a course entitled, “Managing a High-Tech Company: The CEO Perspective.” Professor Rim will continue teaching the course along with other tech and entrepreneurship courses.

Excerpt from The Verge -- "Galloway, who in addition to podcasting also serves as a professor of marketing at the New York University Stern School of Business, asked whether Uber is 'ground zero for income inequality,' noting the gap between Uber’s regular employees who earn six-figure salaries and above, and the millions of drivers, some of whom live below the poverty line."

Excerpt from The New York Times -- “'It’s become the new flight to safety,' Aswath Damodaran, a New York University finance professor who studies the stock market, said of investors flocking to Big Tech. Companies that are rich, flexible and digital are benefiting in the pandemic — and that describes the tech Goliaths, he said, adding, 'This crisis has strengthened what was already a strong hand.'”

Excerpt from The New York Times -- "According to a 2012 study by the economists Bryan Bollinger and Kenneth Gillingham, a carbon tax that induced a family to install solar panels could be expected to stimulate a neighbor’s copycat installation within four months, on average. Let another four months pass, and each of these two will have spawned additional installations of their own, for a total of four."

Excerpt from Business of Fashion -- “'The more digital the school year is going to be, the more difficult it is going to be for retail,' said Steven Marotta, managing director of research and equity at C.L. King & Associates. … 'We do think that there is a significant business still to be had, even if it's not as promising as previous years.” Whether they are staying home or not, kids are going to be active. … Alixandra Barasch, a marketing professor at NYU’s Stern School of Business who studies consumer trends, said she sees an opportunity for brands to sell statement pieces and accessories to kids this season."