• New York University Stern School of Business will no longer require Graduate Management Admission Test (GMAT) or Graduate Record Exam (GRE) test scores from candidates applying to its Executive MBA program, effective immediately. Applicants will still have the option to submit either GMAT or GRE scores with their application, but it will not be a requirement.
  • Does leisure-blogging in the workplace help or hurt productivity over the long term? According to Anindya Ghose, NYU Stern Associate Professor of Information, Operations and Management Sciences, and his colleagues Yan Huang and Param Vir Singh from Carnegie Mellon University, blogging helps. When organizations have lax rules on leisure blogging, it positively affects the writing and sharing of work-related blog posts and creates opportunities for strengthening employee networks.
  • William H. Joyce Professor of Marketing Russell Winer accepted the AMA/Irwin/McGraw-Hill Distinguished Marketing Educator Award at the AMA’s 2011 Winter Marketing Educators’ Conference on February 19 in Austin, Texas. Established in 1985, the award is given annually to a long-standing leader in marketing education who has made extensive and sustained contributions to the marketing discipline. It is designed to be the highest honor a marketing educator can receive.
  • Two of NYU Stern’s faculty members have recently received prestigious awards, each given to researchers under the age of 40, for their research to date and respective contributions to their fields. Xavier Gabaix, Martin J. Gruber Chair in Asset Management, has been awarded the 2011 Fischer Black Prize. Alexander Ljungqvist, Ira Rennert Chair in Finance and Entrepreneurship, received the 2011 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship.
  • Xavier Gabaix, Professor of Finance and Martin J. Gruber Chair in Asset Management, and his colleagues received a certificate of excellence from the TIAA-CREF Institute for their paper, “The Age of Reason: Financial Decisions over the Life Cycle with Implications for Regulation.” In the paper, the authors analyze 10 different types of credit behavior of people of different ages and conclude that younger and older adults may need additional guidance with respect to financial matters; they find that the "age of reason" (when people make the fewest financial mistakes) is 53 years old.
  • – Press Releases

    NYU Starts Technology Venture Competition

    December 1, 2010
    In an effort to spark innovation and expand entrepreneurship opportunities, NYU is launching the Technology Venture Competition this fall. The competition, which is open to NYU students, faculty and researchers, has a top prize of $75,000 to the winners. The Entrepreneurs Challenge, launched in 1999, is the premier platform for identifying, nurturing and showcasing entrepreneurial talent at NYU. In addition to the newly created Technology Venture Competition, the Entrepreneurs Challenge includes the Annual New Venture Competition and the Social Venture Competition.
  • Convening approximately 130 industry experts, NYU Stern MBA students and alumni, and academics, the Eighth Annual Future of TV Conference focused on digital media and innovation in today’s rapidly changing TV industry. Hosted by Digital Media Wire, in association with NYU Stern and the Consumer Electronics Association, the event was co-chaired by Professor Al Lieberman, executive director of NYU Stern’s Entertainment, Media and Technology Program, and Ned Sherman, CEO and publisher of Digital Media Wire.
  • More than 100 representatives from the financial, academic and regulatory communities participated in a forum sponsored by NYU Stern's Volatility Institute and the Depository Trust & Clearing Corporation that discussed cutting-edge thinking and approaches to achieving the risk mitigation goals under The Dodd–Frank Wall Street Reform and Consumer Protection Act.
  • – Press Releases

    NYU Stern Releases New Book, Regulating Wall Street

    November 3, 2010
    NYU Stern School of Business today announced its latest book on the financial crisis, Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance (Wiley; November 2010), edited by Professors Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson and Ingo Walter. Regulating Wall Street follows the authors' previous book, Restoring Financial Stability (Wiley, March 2009), which focused on the causes of the financial crisis and offered proposals for market-based solutions while capturing the attention of policymakers in Washington.
  •  According to NYU Stern Professors Vasant Dhar and Anindya Ghose, sponsored search on the Internet is currently mispriced, because it takes time for the market to absorb new information about keywords—whether they have become more or less valuable. Relating the nascent sponsored keyword search market to pre-algorithmic financial markets, the professors offer lessons from finance to capitalize on current market inefficiencies in order to optimize sponsored search portfolios and to determine how to better price keywords.
  • In a major shift from last year’s results, fashion brands hold eight of the top 10 slots in the second annual Digital IQ Index® for Luxury. Only two brands, Louis Vuitton and Ralph Lauren, managed to hang on to their ‘Genius’ ranking, with newcomers Coach, Gucci, Hugo Boss, Burberry and Dolce & Gabbana making significant investments in the medium in 2010.
  • NYU Stern marketing professors Eric Greenleaf, Geeta Menon, Tom Meyvis, and Vicki Morwitz, with principal investigator David Heeger, a professor in NYU’s Department of Psychology and Center for Neural Science, and Uri Hasson, an assistant professor of psychology at Princeton, were awarded a two-year, $1.1 million grant by the National Institutes of Health’s (NIH) National Institute on Drug Abuse.
  • – Press Releases

    Stern Professors Petition for Fed Independence

    October 5, 2010
    Among the 360-plus (and growing) economists, scholars, former Fed officials and investors that have signed and are circulating a petition to Congress and the Executive Branch urging them to keep the Federal Reserve independent are seven NYU Stern professors.
  • Anindya Ghose, NYU Stern Assistant Professor of Information, Operations and Management Sciences, and his NYU collaborators were awarded a $2.124 million grant from the National Science Foundation (NSF) based on the Federal Cyber Service: Scholarship For Service (SFS) program for research and teaching of security and privacy issues on the Internet and other critical information infrastructure.
  • – Press Releases

    Professor Sinan Aral Awarded $40,000 IBM Faculty Award

    October 5, 2010
    Sinan Aral, assistant professor of Information, Operations and Management Sciences, was given the 2009 IBM faculty award, a cash grant that is awarded annually as a result of a worldwide competition created to foster collaboration between researchers at leading universities and those in IBM research, development and services organizations.
  • Professor Stephen Brown, David S. Loeb Professor of Finance at NYU Stern, was selected by the Australian Research Council (ARC) as a member of Research Evaluation Committee for the Excellence in Research Australia (ERA) initiative for 2010. The Research Evaluation Committee, consisting of 149 internationally recognized scholars, will be evaluating every academic discipline within all Australian universities.
  • The US Departments of Housing and Urban Development, and the Treasury, are convening policymakers, industry groups, private industry participants, and citizen advocacy groups to discuss the policies and goals of housing finance reform. NYU Stern Professor of Economics Lawrence J. White, a former bank regulator who served as a Board Member of Freddie Mac, is a conference panelist and available for interviews.
  • – Press Releases

     Professor Sinan Aral Named PopTech Science Fellow

    September 14, 2010
     Sinan Aral, Assistant Professor of Information, Operations and Management Sciences, has been selected as a 2010 PopTech Science Fellow. Professor Aral joins a handful of other extremely high potential, socially engaged working scientists who view science as an essential way of thinking, discovering, understanding and deciding, and who can effectively communicate their work and its importance to the public.
  • Despite the greatest economic crisis since the Depression, retailers saw revenues from e-commerce increase in 2009, signaling a shift from bricks to clicks. By 2014 U.S. online retail sales are forecasted to increase to $250 billion and the web influences 46 percent of offline purchases.
  • – Press Releases

    New MBA Student Club: The Stern Hedge Fund Association

    September 9, 2010
    The Stern Hedge Fund Association (SHFA) joins the ranks of NYU Stern’s some 40 MBA student clubs this fall. “As the hedge fund industry continues to grow and seek talent with graduate degrees, the SHFA will serve as a gateway for current MBA students to learn about the hedge fund industry,” explains Agata Rzamek, CAIA, club co-president. “The club will also facilitate networking between current students and alumni and other professionals in the field.”
  • In a new study, the first and largest of its kind, NYU Stern Professor of Marketing Scott Galloway, Dean of The George Washington University School of Business Doug Guthrie, and a team of experts evaluated and ranked 100 US Senators’ Digital IQ® including website strength, social media following and sentiment, digital marketing aptitude and search engine optimization skills. The results reveal that Republican Senators are savvier online and are acquiring likes and followers at a greater velocity than Democratic Senators.
  •  Anindya Ghose, Assistant Professor of Information, Operations and Management Sciences, and four NYU colleagues were awarded a five-year, $2.9 million grant from the National Science Foundation’s prestigious and highly competitive IGERT (The Integrative Graduate Education and Research Traineeship) program for research. The award is to pursue the research and teaching of security and privacy issues on the Internet and other critical information infrastructures.
  • – Press Releases

    Stern Campus Greening Initiative Wins $10,000 Grant

    July 23, 2010
    The Stern Campus Greening Initiative, led by MBA student Sarah Driansky (above), received a $10,000 grant from The Brita Products Company for their proposal to install 25+ water bottle filing stations in NYU campus buildings. The grant is provided by the College FilterForGood Eco-Challenge www.filterforgood.com/ecochallenge/, which challenges college students to make their campuses more sustainable.
  • On July 19, Lawrence White, Arthur E. Imperatore Professorship in Entrepreneurial Studies and Deputy Chair of the Economics Department at NYU Stern, testified at the Community Reinvestment Act (CRA) hearing held jointly by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision. Professor White has previously written on the CRA, which was created in 1977 to reduce discriminatory credit practices against low-income neighborhoods.
  • Statistics show that green-lighting a movie script that fails to produce profits at the box office can lead to financial ruin for studios – close to negative 50% ROI for unsuccessful films. On the upside, box office hits can produce more than 200% ROI.