Experience News & Events

Excerpt from The Economist -- "The school has responded to this interest by launching a tech-focused one-year MBA programme to cater to the need of employers in 'Silicon Alley', the New York technology hub that the school’s dean, Peter Henry, can see from his office window. 'We have to figure out a way to be as important to the new economy as we have been to Wall Street for the past 50 years,' he explains."

This program is designed for professionals who make financial decisions or frequently communicate with financial decision makers. It is also a good fit for individuals looking to improve their financial literacy and understand the basic drivers of corporate decision making.

Excerpt from the Financial Times -- "In Tectonic Shifts in Financial Markets, Henry Kaufman offers a scorching account of how Wall Street got into this mess, how it failed to get out, and what to do now. Coming from a pivotal figure in modern finance, now in his 90th year, it will command attention. Kaufman was at high school with Alan Greenspan; at the New York Federal Reserve with Paul Volcker; running research at Salomon Brothers as it created the US mortgage market and dominated bond trading; and on the board of Lehman Brothers in the years before disaster hit."

Excerpt from the Financial Times -- "'There is no clear pathway I can see for Uber to go from a high-revenue growth company to a profitable company,' says Aswath Damodaran, a professor of finance at the Stern School of Business. 'Normally the story for start-ups is that as revenues grow economies of scale will kick in, but that story is tough to tell with Uber.'"

Excerpt from The Australian -- "[Haidt] is a social psychologist and the professor of ethical leadership at New York University. His groundbreaking work, The Righteous Mind, identifies that all of us build our political outlook on six moral foundations."

Excerpt from The Wall Street Journal -- "Menachem Brenner, a finance professor at New York University, and Dan Galai of the Hebrew University of Jerusalem called their version 'Sigma' and say they pitched it to various exchanges years before the Chicago Board Options Exchange rolled out its volatility index in 1993."

Excerpt from the Associated Press -- "But the $15 million-a-year Human Project is breaking ground with the scope of individual data it plans to collect simultaneously, says Dr. Vasant Dhar, editor-in-chief of the journal Big Data, which published a 2015 paper about the project. 'It is very ambitious,' the NYU information systems professor says."

Excerpt from The Wall Street Journal -- "I’ve seen platforms, like Catalant for management consultants, UpCounsel for legal services, Gigster for high-end machine-learning programming. There are platforms for accounting, for sales—where rather than going to a large branded service provider for certain things, you go to a platform instead. Like, if you struck out on your own as a lawyer now you’d be precluded from a lot of large corporate work because they go to the big firms. What these platforms are doing is trying to strike that middle ground where the individual is running their own tiny business through the platform, but the platform is aggregating demand, giving them scale, giving them a little bit of brand."
 

Excerpt from the Financial Times -- "For Menachem Brenner, co-academic director of the programme, the crisis sharpened his ambitions for the programme. He had been teaching on the course but became its director just as the crisis erupted. 'It had so many lessons for us worldwide,' he says. 'And one of the things I saw as a mission was to bring into the programme those lessons drawn from the crisis.'"

Excerpt from The Australian -- "Claudine Gartenberg, Andrea Prat and George Serafeim analysed responses from 456,666 employees in 429 firms over six years and across a broad range of industries. In their paper, Corporate Purpose and Financial Performance (hbswk.hbs.edu/item/corporate-purpose-and-financial-performance), published by Harvard Business School last year, the trio found that 'firms exhibiting both high purpose and clarity have systematically higher future accounting and stock market performance'."

Excerpt from VentureBeat -- "Adam Alter, a marketing professor at NYU-Stern, tries to explain this in Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. He cites a 2015 study that shows 6 in 10 people (59 percent) admit they are dependent on social media sites but say their reliance on these sites ultimately makes them unhappy."

Excerpt from The Economist -- "In some areas red tape surely has choked lending—notably residential mortgages, where recklessness led to catastrophe a decade ago. But the report pays scant attention to the possibility that slow growth may instead cause weak demand for credit. 'I don’t think the economy is credit-constrained,' says Kim Schoenholtz of New York University’s Stern School of Business."

Excerpt from Quartz -- "'They have been able to utilise the manufacturing infrastructure in Shenzhen and thus build high-quality smartphones with flagship-standard specs at low cost,' NYU’s Ghose said, adding that they also enjoy tax breaks and more lenient labour and environmental standards. Now, with Indian prime minister Narendra Modi’s 'Make in India' push, Chinese phone-makers like Huawei are bringing their production to India, driving down costs further by bypassing import charges."

Excerpt from Forbes -- "The Gatorade Gx platform, including customizable hydration pods, creates a new, direct-to-consumer business model for Gatorade and more sustainable product delivery system. Building on years of science and research at the Gatorade Sports Science Institute, Gx incorporates compelling aspects of the latest trends in personalization and customization."

Excerpt from Bloomberg -- "I think there are positive aspects to both the CHOICE Act and to the Treasury proposal. I think it makes a lot of sense to reduce the regulatory burden on most banks, which are, in fact, rather small and pose very little threat to the financial system. However, unfortunately, both the CHOICE Act and the Treasury's proposal also appear to reduce the capital needs for the largest, most interconnected, most opaque banks, the ones that can really threaten the system."

Excerpt from The New York Times -- "As Aswath Damodaran, a finance professor at the New York University Stern School of Business, put it, 'It’s always tough to follow a legend.'"

Excerpt from CCTV -- "GM is trying to announce that it's a player on the stage of autonomous vehicles now. It's competing with the likes of Google and Apple. And GM is moving into that business. It's not content just to be an automobile assembler, an automobile manufacturer -- but also wants to be a technology player as well. So this announcement says, hey, we have the entire capabilities right now to go ahead and mass-produce not just the vehicle portion, but the vehicle portion plus the technology portion."

Excerpt from Poets & Quants -- "'JP Eggers for Strategy (core). As someone with little prior formal business education, having him my first semester was a very helpful way to get acclimated. The way he broke down cases and worked through frameworks reminded me of literature and history classes from my liberal arts degree.'
– Ward Wolff, New York University (Stern)"

Excerpt from Bloomberg -- "For example, a 2014 paper by John Asker, Joan Farre-Mensa and Alexander Ljungqvist found that 'compared to private firms, public firms invest substantially less and are less responsive to changes in investment opportunities.' Also, there’s evidence that founder-led companies tend to outperform."

Excerpt from The Wall Street Journal -- "Every major industry is vulnerable to disruption, said NYU Stern professor Arun Sundararajan. Managing that disruption, CFOs and other top executives will become more important than ever, Mr. Sundararajan said."

Excerpt from TheStreet.com -- "'This could make sense for smaller, non-systemic banks,' he said. 'For the larger systemic banks, 10% capital may not be enough, or 10% capital alone without other things like stress tests, like closer scrutiny, because these are the large systemic guys, these are the guys who, if they did get into trouble, could have contagion type effects.'"

Excerpt from WIRED -- "'If nothing else, you will see more caution, at least for the moment, in how founders present themselves in public,' says Aswath Damodaran, a professor of finance at NYU's Stern School of Business. ... 'This is a good illustration of how, if you place growth above everything else, it can lead to long-term repercussions for the company,' says Sundararajan."

Excerpt from Poets & Quants -- "'It’s a brand new idea and a new concept,' says Gallogly in an interview with Poets&Quants. 'We are looking for students who are not only capable academicaly but also capable in leadership, managing teams and having emotional intelligence. So we really asekd ourselves what can we do to get more insight into a person’s emotional intelligence into their character.'"

Excerpt from Luxury Daily -- "'It serves two functions. On the one hand, it allows technology to become a very handy platform through which the medium of fashion can be explained, illustrated and preserved all the while reaching a very broad public,' [Serdari] said. 'On the other hand, it also demonstrates Google's unconventional thinking in terms of classifying and discussing fashion.'"

Excerpt from Clear Admit -- "EQ endorsers with receive a definition of what IQ + EQ means at Stern and be asked to provide one specific compelling example that demonstrates the candidate’s EQ. ... 'Our hope through the EQ Endorsements is to get a lot more insight as to who candidates really are. We feel like this could provide a nice new dimension on an applicant that you usually can’t get until you interview them—something deeper and richer.'"