Experience Stern | News & Events

A team of MBA students from the NYU Stern School of Business took top place in The Aspen Institute’s 2018 Business & Society International MBA Case Competition. The Stern team, including Christopher Blackett (MBA/MPA ’19), Yen Chiang (MBA ’19), Rebecca Haverson (MBA ’19) and Sophia Valner (MBA/MPA ’20), placed first out of a total of five finalist teams.

Today, NYU Stern posted its preliminary inaugural class profiles for its new one-year MBA programs: The Andre Koo Technology & Entrepreneurship MBA and the Fashion & Luxury MBA. 

Excerpt from Shine -- "New York University Shanghai and New York University's Stern School of Business jointly launched two new one-year master of science programs in data analytics and business computing, and quantitative finance. The programs aim to prepare new and recent college graduates for their careers in the rapidly evolving marketplaces of analytics and finance in China and Asia."

Excerpt from CNBC -- "In a report marking the fifth anniversary of the disaster, international firms and government organizations were warned that they must take 'shared responsibility' to improve the lives of those working in supply chains. 'Those who benefit from the Bangladeshi garment industry's low-cost, high-volume model, also have an obligation to do more,' said Michael Posner, professor of ethics and finance at New York University's Stern School of Business."

Excerpt from The New York Times -- "'We have found tremendous improvement in the larger factories' involved in the safety programs, Paul Barrett, deputy director of the center, said in an email. 'But two other categories — factories overseen by the government and subcontracting facilities not overseen by anyone — remain at risk.'"

Excerpt from Reuters -- "...the mission of making factories safe in Bangladesh isn’t even close to done. The Accord and Alliance will not continue indefinitely. The Alliance plans to wrap up its work by the end of 2018. The Accord will renew its mandate every six months, but only through mid-2021. At some point, the factories that the two initiatives have overseen will return to the supervision of the Bangladeshi government, which is notorious for having ignored death traps like Rana Plaza and Tazreen Fashions, where a November 2012 fire killed 112."

Excerpt from PBS NewsHour -- "We’re proposing a Bangladeshi-led international task force that would use a concept known as shared responsibility to raise funds and see that they are spent properly on safety improvements in those factories that have not been reached so far."

Excerpt from the Thomson Reuters Foundation -- "'Western consumers are the beneficiaries of the cheap clothes produced in Bangladesh. Therefore, it is incumbent on western brands and retailers, as well as western governments, to step up to the plate,' Posner said."

Excerpt from BusinessBecause -- "NYU Stern has a wide array of classes that prioritize sustainability, due in no small part to the school's Center for Sustainable Business, which further bolsters the school’s resources by helping to make sustainability a core part of the program’s mission. Furthermore, the Stern Campus Greening Initiative has helped to make the school’s buildings themselves environmentally friendly."

Excerpt from BusinessBecause -- "While students are demanding an ethical curriculum, business schools are demanding MBA candidates who will become ethical leaders. NYU’s Stern School of Business in New York last year changed its admissions process to find candidates with empathy so that they can contribute to peer-learning. 'We are hoping it also helps us in terms of making sure they fit into our culture,' says Isser Gallogly, associate dean of MBA admissions at NYU Stern."

Excerpt from Bloomberg Businssweek -- "'Depending on how many subcontracting factories turn out to be in business, we estimate that it would cost $1.2 billion to remediate remaining dangerous conditions,' the report says. It says this sum should be the responsibility of 'an array of international actors,' along with Bangladeshi stakeholders."

Excerpt from The Daily Beast -- "'It’s very common in the Gulf region, for migrant workers, particularly low wage migrant workers to have their passports confiscated upon arrival,' said David Segall, a research scholar at New York University who has studied migrant labor abuse in the Gulf."

Excerpt from BusinessBecause -- "Leading such a revered institution requires constant innovation, as the world around us is challenged to adapt to the rapid way machine learning, big data, and the future of tech are changing the way we learn. The transformation of the NYU Stern MBA reflects this. For Rangarajan, his school, and business schools like it, have a responsibility to ensure the next generation of business leaders aren’t just part of the change, but lead it."

Excerpt from the Financial Times -- "Roy Lee, programme director, says that if the numbers were higher, the more 'techie' students would feel less able to share insights with their business-minded classmates, which is crucial for breaking down barriers. 'The idea is to get their two sides to share their different perspectives,' Mr Lee says. 'Students are learning from each other about where and how to apply their skills.'"

Excerpt from Forbes -- "I believe that in order to be more viable in the market, it's essential to have the appropriate education to back you. A Master's Degree not only will open doors by the connections you make, but also grounds you with strong expertise, intelligence, and insight. Over the past several years, the fashion and luxury companies have increasingly acknowledged the competitive advantage of adding business-educated talent to their ranks, especially in the face of significant technological disruption."

Excerpt from PBS -- "The garment industry employs millions of people in Bangladesh, across about 7,000 facilities, said Paul Barrett, deputy director of New York University’s Stern Center for Business and Human Rights, which has been following Bangladesh’s garment industry since the factory collapse. 'The remembrance of what happened in April 2013 is very powerful and still symbolizes a lot to the people of Bangladesh.'"

Excerpt from Poets & Quants -- "Physically going to these countries helps students understand the consumer and regulatory environments and is especially helpful in understanding niche markets. Additionally, students don’t often have the experience of seeing the business on the ground (for example, an operating factory) and experience the customer behavior in different countries."

A team of NYU Stern MBA students won the eighth annual UCLA Anderson Fink Center Stock Pitch Competition. The team, including William Li (MBA ‘18), Charles Perron-Piché (MBA ‘19), Diven Sharma (MBA ‘18) and Tim Zhao (MBA ‘19), was awarded $6,000 for their presentation, and earned Stern’s first win in the competition. 

Excerpt from Poets & Quants -- "In short, the ISP trip was an incredible, eye-opening whirlwind. While my body and sleep schedule have not yet recovered from the constant running around, I would not have changed a thing. I went on the trip with some very close friends but coming back, I know I have created more personal relationships with students and staff that I was previously only acquainted with. In the end, not only did I feel closer to the Stern community, but I had more pride for our school and every opportunity it has provided me. And even though we were in Hong Kong for less than five full days, the lessons learned and relationships created will last a lifetime."

Excerpt from Bloomberg -- "Asset valuations are stretched across a broad set of financial markets and some cryptocurrencies have witnessed 'extreme volatility,' Federal Reserve Governor Lael Brainard said, though overall risks to the financial system are still low. 'Estimates of risk premiums and spreads in a range of markets remain narrow by historical standards,' Brainard said Tuesday in prepared remarks at New York University’s Stern School of Business."

Excerpt from US News & World Report -- "The Stern School of Business at New York University still makes international academic experiences optional for MBA students, but the number who have embraced global offerings has grown substantially in recent years, says Jamie Tobias, assistant dean of student engagement. ... Many students also partner with faculty and go abroad through Stern Solutions to help solve a real-world business problem. A recent group collaborated with the World Wildlife Fund and the United Arab Emirates' Fujairah municipality to launch the country's first national park."

Excerpt from Poets & Quants -- "For this year’s graduating class, business comes down to one word: Impact. As the big day nears, these future business leaders are leaving their mark – often in big ways that defy traditional business roles and methods."

Excerpt from US News & World Report -- "'Think about your story and how you want to present yourself,' Gallogly advises. 'The interviewer has read your entire application so you can go a lot deeper and have a substantive discussion.'"

Excerpt from US News & World Report -- "New York University's Leonard N. Stern School of Business will welcome students this spring to two new one-year MBA programs, one for those interested in fashion and luxury goods and one in technology for those who want to add business skills to their tech expertise. The goal, says Raghu Sundaram, is to combine the breadth of an MBA with the depth you'd get in coursework for a master's in data science, say."

Excerpt from Poets & Quants -- "I always believed business school was about crunching numbers and producing valuations, but the courses in Stern’s Social Impact Core—namely, Business and Its Publics and Professional Responsibility and Leadership—broadened this mindset and forced me to reflect on why I was embarking on a career in business and the moral principles behind this decision."