History and MissionThe Glucksman Institute, endowed by a grant from Lewis Glucksman, Stern MBA '51, offers faculty and student grants to support research in financial economics. The Institute invites the top ten percent (by Grade Point Average) of first-year MBA students to submit research proposals on topics such as equities, bonds, futures, options, and the markets in which they are traded. Between three and five Glucksman Fellowships are awarded every year and each Fellow is paired with a faculty member who supervises the project during the second year of the MBA program. The successfully completed research reports are published on the Glucksman web site and in a Glucksman Institute Working Paper. The program is designed to expose some of our top MBA students to the rigors of formal academic research in the practical areas of financial economics.
The Glucksman Institute also administers the Yuki Arai Faculty Research Prize in Finance, endowed by a generous gift from Stern Alumnus Yuki Arai (MBA '10). This honor, created to recognize and promote excellence in research, awards an annual $10,000 prize for the best research paper in finance by a Stern faculty member.
Prof. William L. Silber was the inaugural Director of the Glucksman Institute and served in that role until 2018.