Experience News & Events

Today, New York University Stern School of Business announced that candidates applying to the School’s full-time MBA programs can now choose to take the Executive Assessment, designed by the Graduate Management Admissions Council (GMAC), to fulfill the application’s standardized test requirement.

Excerpt from Welt -- (translated from German using Google Translate) "In a recently published study, they correct the data series for three possible confounding factors - and come to twelve countries, including the US, France and Germany to a clear conclusion: 'We find no general decline in the wage share in our sample of highly developed economies.'"

Excerpt from Knowledge@Wharton -- "Up til now, it's been easier to fuzz it up and—with tariffs on steel and aluminum, you know, economists, other trade-oriented people, understand that's going to basically work it through to... final prices. But now we've got the tariffs on the final goods themselves. Mr. Trump is trying to play both sides of the street by saying he still doesn't think that... he still believes that China is paying, but just in case, and so he's playing both sides of the street."

Excerpt from Knowledge@Wharton -- "The key here is the desirability of the location, which is true -- it's still very much alive and it creates a lot of competition amongst retailers to get to these highly desirable spots that, in turn, drive the rent high up. But the issue here is the marketing strategy that a lot of these retailers are applying... The gap is between having foot traffic and having activations that actually convert the desirability to purchases. I think this is where a lot of these retailers miss out and this is why we see such a high turnover even on Madison Avenue."

NYU Stern launched a new Diverse Pathways in Academia program for future professors in their penultimate doctoral year, with the mission of educating PhD students about faculty careers within business schools. The program invites scholars to participate in the initiative free of charge.

Excerpt from Retail Dive -- "'Audits are certainly important,' Casey O'Connor, senior program manager for New York University's Stern Center for Business and Human Rights, said in an interview with Retail Dive. 'But I think it's fair to say that there's industry consensus that audits alone have not really moved the needle on a lot of the kind of problematic labor conditions that remain fairly pervasive in the apparel industry.'"

Excerpt from Clear Admit -- "This past June, the NYU Impact Investment Fund (NIIF) completed its inaugural investment, subscribing for $30,000 of convertible notes issued by Sapient Industries, an exciting Philly-based start-up that uses a combination of smart hardware and machine learning algorithms to reduce energy waste in commercial real estate. I’m extremely honoured to have played a modest part in this deal, which demonstrates in very real terms the growing realization at graduate schools, and indeed, in society as a whole, that investing can align financial and social returns."

Excerpt from Accepted.com -- "There are also scholarship programmes, such as NYU’s William R. Berkley Scholarship Program, which not only provides early entry to their MBA, Tech MBA, or Fashion & Luxury MBA, but also full funding."

Excerpt from The Hill -- "'I think it would be important for the major social media platforms to more prominently and continually warn their users that some of what they are likely to see in their feeds is phony,' Barrett said. 'I think there should be regular digital literacy education going on, on the sites themselves in a way that will warn people.'"

Excerpt from Marketplace -- "'The idea of focusing on your strengths and outsourcing the rest is not new,” he said. What is new: the advent of technology platforms that seamlessly connect companies with contract workers — the 'Uberizing' of everything. Sundararajan said that allows businesses to be increasingly picky about which jobs they want to be in house and which they’ll contract out."

Excerpt from Adweek -- "And it’s SMBs like these sellers that are in a more vulnerable position now. Ironically, that’s in part because of the opportunity they found. Many Amazon shoppers don’t care about brand name products, but are instead looking for items with good reviews at a certain price point, Adamson said. By raising prices, however, those sellers become less competitive on the platform, which could ultimately put them out of business, he added."

Excerpt from China Daily -- "Paul Romer, co-recipient of the 2018 Nobel Memorial Prize in Economic Sciences, said during the Lujiazui Forum that there is still much work that China needs to explore the social value of equity financing. That will make a big difference to China's financial opening-up."

Excerpt from CGTN -- "Dr. Carla Della Gatta from the University of Southern California said she was quite impressed by all the competitors while Professor Robert Lyon from New York University said he believes the Chinese students are going to be future leaders."

Excerpt from CQ Researcher -- "'The United States has a reasonable concern that itself and its allies do not use equipment that spies on them,' says Nicholas Economides, an economics professor at New York University who has worked on 5G issues under a National Science Foundation grant."

Excerpt from Financial Times -- "'Younger people care more about values than ever before,' said Ms Greenwald. '[Tech companies] have all kinds of amenities, free food and gym memberships,' she said. 'But another criteria is: what do they stand for?'"

Excerpt from Bloomberg Quint -- "[Damodaran] touched upon the practice of valuing an asset first and then working backwards to arrive at the necessary calculations, stressing all along that a combination of numbers and narrative make for a perfect combination to find the right valuation."

Excerpt from Inc. -- "'The Wienermobile is just such an iconic thing. Everyone knows about it, even if you've never seen one on the street,' says Carr. But really, he adds: 'It comes down to the uniqueness of the experience that the brand can offer.'"

Excerpt from Marketplace -- "I don’t think it’s wrong to say that we all have some role to play as individual consumers. But there is really an army of people who are doing everything they can with considerable resources, with access to huge amounts of data, to ensure that we spend every spare minute on our phones. It’s not really a fair fight."

Excerpt from Poets & Quants -- At NYU Stern, location plays a big part in the recent uptick in salaries — and the overall success of MBA interns. 'We are very proud of our summer internship outcomes,' Beth Briggs says. 'For the Class of 2019, 100% of students seeking internships secured them. Given our NYC location and deep connections to a diverse set of industries, students benefit from multiple high-touch engagements with our alumni that result in strong internship outcomes.'"

Excerpt from Clear Admit -- "The NYU MBA Class of 2021 is expected to arrive on campus with more women than last year—female enrollment rose from 35 percent to 36 percent. ... 7 percent of students are still U.S. Military veterans or on active duty, which is owed in part to the Fertitta Veterans Program."

Excerpt from CGTN -- "A rate cut is always good news for the financial markets, but I think that the financial markets overreacted today. I expect that the Fed will proceed with one or two cuts in the fall, so it won't be contrary to most of the desires of the financial markets."

Excerpt from Bloomberg Businessweek -- "Next year 'is shaping up to be The Hunger Games for the streaming services,' says Jamyn Edis, an adjunct associate professor at the New York University Stern School of Business."

Excerpt from Retail Dive -- "Retail innovation will result from strategic thinking that is risk taking and laser focused. A private company (think of retail space STORY) or a majority privately held business can create the long-term horizon necessary to tackle the challenge."

NYU Stern faculty are available to offer perspectives on this year’s back-to-school shopping, retail and consumer trends. The following professors can speak to what we will see this year around promotional and marketing trends, winners and losers in retail, shifts in consumer sentiment, and tech and AI-powered innovation.

Excerpt from The New York Times -- "'It's bad news from the investor's perspective because no price discovery is happening. It's bad news from the company's perspective because if they're trying to do funding investors will be looking for independent research. If they don't find it they'd be reluctant to fund the company,' said Segram."