Faculty Fellows Projects provide students with the opportunity to partner with top NYU faculty & research centers in tackling big questions & problems facing business and society today. These projects are specifically designed to support students in their overall goal of making an impact on a broad scale. Faculty Fellow Projects include:
- Professor Arun Sundararajan on measuring the socioeconomic impact of the Unique ID Initiative. In September 2010, India’s government embarked on an ambitious project to provide a biometric-based unique digital identity (Unique Identification - UID) to each of its 1.2 billion citizens. Faculty Fellows have identified institutional models for market-state partnerships in emerging economies, analyzed new models for 'inclusive banking' in India, and developed a business plan for venture capitalists interested in funding UID-related ventures.
- Professor Paul Romer on Urbanization related initiatives. The NYU Stern Urbanization Project harnesses the growth of cities to speed up global progress. Past Urbanization Fellows have written business plans, developed actionable policy recommendations, and advised governments in various cities and rapidly urbanizing countries.
- Professor Vasant Dhar & Anindya Ghose on The Center for Business Analytics The Center for Business Analytics (CBA) is an inter-disciplinary research initiative within NYU Stern which works at the cutting edge of data analytics. Past CBA Fellows have created an executive strategic partnership plan and a business plan to help shape the Center’s research agenda through knowledge and data sharing.
Clinton Foundation Haiti Initiative
The Clinton Foundation has been actively engaged in Haiti since 2009, focusing on private sector investment and job creation in order to create long-term, sustainable economic development. After the devastating earthquake in 2010, President Clinton formed the Clinton Foundation Haiti Fund and raised $16.4 million from individual donors for immediate earthquake relief efforts. In 2011, the Clinton Foundation refocused its efforts in Haiti from emergency planning, putting emphasis on helping to build a stronger Haiti that relies less on foreign aid and more on the enterprise of its people.
Through the Clinton Foundation Stern Signature Project, Stern students have the opportunity to support the restoration of Haiti's communities through projects related to private sector investment, job creation, capacity building and education. Over the past several semesters, Stern students have completed a comprehensive assessment of existing best practices among investment promotion agencies in the Caribbean, developed a set of actionable recommendations to help Haiti better attract foreign direct investment, mobilized the creation of a Haitian Diaspora Investment Fund, and assisted high-potential Haitian entrepreneurs around their current business challenges for growth. Some teams have had the opportunity to travel to Haiti to see the impact of their work first-hand.
Students in Stern’s Clinton Foundation Program are mentored by dedicated consultants from Strategy& (formerly Booz & Co) in order to maximize their learning and potential for impact.
Global Network University Practicum: UAE Initiative
Wadi Wurayah National Park, Fujairah, United Arab Emirates
Global Advanced Strategy Practicums leverage NYU's global footprint through our portal campuses in Abu Dhabi and Shanghai. These practicums allows MBA students to extend their global reach through these exciting opportunities. In the Spring 2015 semester, students partnered with NYU Abu Dhabi, the World Wildlife Fund, and McKinsey and Company.
As part of its appointment to assist the government of Fujairah in developing a National Park in the Protected Area of Wadi Wurayah, the World Wildlife Fund is developing a Business Plan for Wadi Wurayah National Park. The park will become an independent entity under the governance of Fujairah in the United Arab Emirates. In partnership with McKinsey and Company, the World Wildlife Fund wishes to develop an initial framework for the business plan, and has sought support from NYU Stern.
This collaboration presents a learning opportunity for a select group of NYU Stern MBA students, who are engaged with a real life case, and learning from the best in the fields of business, with McKinsey and Company, and conservation, with the World Wildlife Fund. In February 2015, the GNU Practicum Stern MBA students traveled to the United Arab Emirates for this collaboration, in a rigorous independent study program.
CFDA Masters Workshop
New York City is the global capital of fashion. Its economic impact to New York City is significant, employing 173,000 people and generating nearly $10 billion in wages. In addition, the semi-annual Fashion Week, which includes more than 500 fashion shows and attracts approximately 232,000 attendees each year, generates an economic impact of almost $900 million annually.
Through the CFDA Masters Workshop, MBA students have the opportunity to work with live and growing businesses within New York City's fashion industry. Stern students are paired with designers to work on a variety of projects including but not limited to: financial analysis, product market strategies, investor-ready business plans, and expansion strategies.
The companies involved represent America’s foremost talent in the fashion industry and the people participating are not only designers and creative innovators in their field, they are also entrepreneurs who face daily business challenges and have a vision for the growth of their company. By partnering with Stern MBA students -- some of New York’s top emerging business leaders -- these designers receive the support and guidance they need to take their businesses to the next level. The CFDA has also handpicked a group of Industry Advisors who assisted our students and the companies throughout the program. The advisors all have impressive and diverse backgrounds and are committed to helping our students learn the business of fashion.
Read more about Stern's partnership with the CFDA in the Wall Street Journal and NY Post.
In preparation for this advanced project engagement, the selected Stern students traveled to IDC’s Israel campus in January 2014 to undergo an intense four-day workshop based on the methodologies of the global management consulting firms. Upon their return to New York, the Stern MBA students collaborated with a Stern management faculty advisor, and with their Israeli counterparts. When the project concluded in May 2014, the lead client and IDC students visited New York where the students finalized their analysis, presenting their final recommendations to the client.