Experience Stern | News & Events

In just two years, NYU Stern has lifted the number of full scholarships from zero to 34 for high-achieving/low-income business students who are admitted to the School’s Undergraduate College. Named “The Access Initiative,” the effort marks a radical change in the School’s ability to open its doors to the most promising young people with extreme financial need.

Excerpt from Vogue -- "Youssef and his fellow co-designers will move into the CFDA Incubator space in the Garment District this month and stay in their personal, low-rent studios and communal spaces through 2018. Prior to moving in, the designers completed a semester-long consulting engagement with MBA students at NYU’s Stern School of Business, and will continue to receive mentorship throughout their two-year residency from more than 50 fashion insiders."

Excerpt from Marketplace -- "'If Goldman is a giant face-sucking squid then Google and Facebook are Predator and Alien,' said Scott Galloway, a professor of marketing at NYU’s Stern School of Business. Both Silicon Valley and Wall Street are made up of powerful companies focused on shareholders. So both should fall under the same scrutiny, said Galloway."

Excerpt from Poets & Quants -- "I think there is an important conversation to be had among universities, policymakers and the business community to have a vested interest in making education more affordable. The Access Initiative is our effort to help bridge that gap and make sure every student who is qualified is able to attend business school regardless of their economic background."

Excerpt from Reuters -- "'It strengthens the hand of investors in other price-fixing cases based on benchmarks that were reached in collaborative, or outright collusive, arrangements,' said Lawrence White, a professor at New York University's Stern School of Business."

Excerpt from Bloomberg -- "'The Greek parliament approved significant increases in taxes and reductions in pensions, which are likely to intensify the recession, and also approved selling a large swath of state assets to partially pay for its debt,' said Nicholas Economides, professor at Stern School of Business at New York University. The IMF and the EU are too far apart on the issue of debt relief to converge by the May 24 Eurogroup meeting, Economides said, 'therefore the likely outcome is an approval of an installment of the EU part of the Greek loan with the IMF’s position to be clarified at a later time.'"
 

Excerpt from TopMBA -- "Over the past few years, we have seen a growing diversity of companies coming to campus to recruit. One particular industry that is increasing MBA hiring of NYU Stern talent is technology. We are seeing more and more mature technology companies, such as Amazon and Google, participate in on-campus recruitment. Because we are in New York, we can also partner readily with growing tech firms such as e-commerce firm, Jet.com, and music streaming service, Spotify, to organize networking events and company visits. In addition, we are seeing increased interest from entertainment and media firms as well as luxury and retail companies, such as NBCUniversal, Time Warner, and Michael Kors. Similarly, we partner with companies in these sectors to organize networking events and information sessions to accelerate the connection between our students and these opportunities."
 

Excerpt from Bloomberg -- "'The EU put again temporal political considerations above the long terms interests,' Nicholas Economides, professor of economics at Stern School of Business, New York University, said by e-mail. 'There is a real danger that, by the time decisions on Greek debt are made in 2018, interest rates would have risen sharply, eliminating any chance of eventual recovery for Greece.'"

Excerpt from CityLab -- "For respondents who report that they regularly talk to their friends about whether property is a good investment, we find a strong relationship between their friends’ house price experiences and their own assessment whether property in their own zip code is a good investment."

Excerpt from Clear Admit -- "We still have many top companies who partner with us and hire strong numbers of students every year. In fact, that list of companies is growing year over year. And it’s increasing in the tech space. Google and Amazon, in particular, have been increasing their hiring of Stern students, which is terrific. But we also have more and more students looking to do unique kinds of things outside of more traditional MBA recruiting. Because we have alumni in all kinds of interesting places, we are able to connect them."

Excerpt from NPR -- "To see how quickly the rising tide of 'effective AI' may smash into daily life, consider the legal ramifications of machines behaving in ways we don't understand. How do we create regulations (i.e. robot law) when the possibility of robot decisions we don't understand must be included. As Dhar asks, 'Who is responsible for the actions of a robot that designs itself and learns to get better over time?' Better yet, who is responsible if a network of robots, acting in a way consistent with their design, carries out actions that turn dangerous — or even deadly?"

The NYU Salomon Center and S&P Global Market Intelligence will co-host a conference on “New Research & Outlook on Credit Markets” on Tuesday, May 24. World class academics, distinguished practitioners, and regulators will provide their research and insights on the global credit market outlook and hot topic issues.

Excerpt from The New York Times -- "'His roots and connections on Wall Street are fairly shallow,' said Roy C. Smith, a former partner at Goldman Sachs who teaches finance at New York University."

Exerpt from CNBC -- "Eliminating forced labor in seafood is a monumental task that will require more from public and private actors. First, governments need to do more, both in consuming countries in North America and Europe, and in sourcing countries like Thailand. In the United States, Secretary of State John Kerry has launched an important new initiative, the Our Ocean Summit, aimed at protecting ocean resources. This initiative dovetails with new standards proposed by the National Oceanic and Atmospheric Administration to include data reporting to ensure seafood traceability from harvest to import."

Excerpt from Forbes -- "To increase casual interactions, everyone enters on the 12th floor. The first impression to hit you is the positive and productive energy—people seem genuinely happy. At the center of the top floor is a café and cafeteria, in some ways the heart of the office, with tables scattered around for drinking, eating, and impromptu meetings. Thirty screens mounted high around the center perimeter feature photos of the talent teams that work on each account, rotating along with client names and creative work highlights."

Excerpt from Pew Research -- "The reason why all the regulatory scrutiny [thus far] has been from city agencies is because the most salient services involved – mobility and accommodation – have historically been governed at the local level. As I discuss in my book, there’s a misfit between regulatory interventions that were necessary in the past and the new models. So the conflict isn’t surprising. Nobody’s in the wrong – it’s just that we need to rethink and reinvent regulation, rather than trying to retrofit."
 

Excerpt from Kathimerini -- "The IMF and the US now state that the Greek debt is unsustainable after its increase by 87 billion. With the July 2015 memorandum, the IMF proposed an extension of maturities of Greek obligations to Europe and a significant extension of the grace period in which Greece does not pay interest."

Excerpt from The New York Times -- "They’re not so much agents as accomplices, new tools for ancient impulses, part of 'a long sequence of technological innovations that enable us to do what we want,' noted the social psychologist Jonathan Haidt, who wrote the 2012 best seller 'The Righteous Mind,' when we spoke last week. 'And one of the things we want is to spend more time with people who think like us and less with people who are different,' Haidt added. 'The Facebook effect isn’t trivial. But it’s catalyzing or amplifying a tendency that was already there.'"

Excerpt from the Business Standard -- "In order to promote India-centric research in the area of empirical finance and corporate governance, the Finance Lab of Indian Institute of Management Calcutta (IIM-C) has joined hands with the Stern Business School of New York University to hold the first-ever India-centric conference in the United States of America."

Excerpt from Barron's -- "Xavier Gabaix, a finance professor at New York University, has derived a crash-frequency formula that he believes captures a universal trait of all markets, not just equity markets or those in the U.S. According to that formula, the odds of a 12.8% crash in any given six-month period are 0.92%, almost as low as the actual frequency in the U.S. stock market over the last century."

Excerpt from Marketplace -- "The Japanese central bank is so desperate to spur growth that they’ve gone over to negative interest rates, and Japan has suggested it would like to devalue its currency to promote growth — which doesn’t sit well with the U.S. The aspect of Abenomics that calls for structural reforms and economic liberalization has been very slow to materialize, which NYU Stern Business School professor Gian Luca Clementi said is key to growing the country’s economy. 'There are lots of small banks that give loans on very dubious criteria, and lots of companies that are definitely not the most productive, but they are entrenched politically. [They] receive continuous financing for projects of dubious productivity,' he said. 'On the other hand, smaller entrepreneurs, younger entrepreneurs have a harder time getting financing.'"

Excerpt from Fast Company -- "Failure to fix Airbnb's regulatory problems in New York and elsewhere would hurt the $25.5 billion-valued company’s prospects with future investors, public markets, and the public. 'The prospect of having to face regulatory risk questions every time they announce earnings, it’s just going to stymie the growth of the company,' says Arun Sundararajan, an NYU professor and the author of a recent book about the sharing economy."

Excerpt from Business 2 Community -- "There’s a phenomenon known as the illusion of explanatory depth, and the idea is that there are certain things that we assume we understand much better than we do. If you ask someone how well can they can explain how a bicycle works on a scale of one to ten, people will between an eight and a ten out of ten."

Excerpt from Fortune -- "This is a world that needs better leaders, with new skill sets. The playbook from the past won’t cut it today. My advice for you as you enter this world is to be flexible, be bold, and don’t fear criticism."

Excerpt from The Wall Street Journal -- "Academics have previously found a more significant two-day effect [of hedge fund investments on stocks], but that is for fast-moving day traders, not investors. Over a month, a study a few years ago by Stephen Brown of New York’s Stern School of Business and Christopher Schwarz of the University of California found no impact from 1999 to 2008."