Experience Stern | News & Events

Excerpt from MetroMBA -- “Stern has always been an early adopter. We were among the first programs to accept the GRE a decade ago, and now we are excited to add the EA to our full-time MBA admissions process. As a school on the move, we recognize that business is rapidly evolving, and we’ve responded with new program options as well as innovations in our admissions process, such as the EQ Endorsements, to ensure we are assessing talent for today’s changing workforce.”

Excerpt from Harvard Business Review France -- (translated from French using Google Translate) "Jonathan Haidt of the Stern School of Business at New York University also showed that when their leaders show the spirit of sacrifice, employees are touched and feel inspired. As a result, they are more loyal, involved and willing to make efforts to help and be friendly with their colleagues."

Excerpt from The Wall Street Journal -- "The Markopolos group’s critique was based on GE’s prior statements on the matter in securities filings, which were 'confusing,' said Joshua Ronen, an accounting professor at New York University’s Stern School of Business who reviewed the filings."

Excerpt from Coin Telegraph -- "The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. The argument was put forth in a paper published on Aug. 16 by Max Raskin (NYU School of Law), Fahad Saleh (McGill University) and David Yermack (NYU Stern), entitled 'How Do Private Digital Currencies Affect Government Policy?'"

Excerpt from Poets & Quants -- "According to Executive Director of MBA Admissions Rabia Ahmed, 'Stern has always been an early adopter. We were among the first programs to accept the GRE a decade ago, and now we are excited to add the EA to our full-time MBA admissions process. As a school on the move, we recognize that business is rapidly evolving, and we’ve responded with new program options as well as innovations in our admissions process, such as the EQ Endorsements, to ensure we are assessing talent for today’s changing workforce.'"

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 Fast Company -- "'The great thing about this compared to having a startup where you’ve got to build an audience and sell eyeballs is, this is a transaction,' says Paul Hardart, director of the entertainment, media, and technology program at New York University Stern School of Business. 'There is a real business model.'"

Excerpt from The New York Times -- "In their study of female entrepreneurs, the social scientists Matthew Lee and Laura Huang found that venture capitalists were more likely to fund companies led by women if those companies were presented as having a social impact. This provides a 'cover' that helps women overcome the perceived mismatch between the stereotypes of the good, community-focused woman and the hard-driving entrepreneur."

Excerpt from Barron's -- "ESG [environmental, social, and governance factors] is becoming part of investors’ understanding of risks and opportunities for business, and the regular way in which they analyze companies. That continues regardless of what’s happening in the markets. Something like 50% of growth in the CPG [consumer packaged goods] sector comes from sustainability marketed products. This is not a short-term thing; it’s an ongoing shift in consumer behavior, business behavior, investor behavior."

Excerpt from Bloomberg -- "Locast is a wonderful solution. It works. But it is a threat... let's talk about the timing. CBS was negotiating its re-transmission fees... Guess when it was solved. The opening day of the NFL is September 5th. And if you're watching CBS and you sat down in front of your television at 1 o'clock on September 8th and you're in Baltimore and the Ravens don't come on, that's a problem."

Excerpt from CBC -- "A lot of different people have different conceptions of what this term [i.e. the sharing economy] means. I define it pretty broadly. I define it as any new way of organizing economic activity that uses a digital platform to tap into the time and assets of a distributed group of people. So Airbnb, for example, offers an alternative to traditional hotels, not by building hotels, but by connecting to millions of people who are willing to host a guest for a few days, either in a spare bedroom or by handing over their apartment to them for a few days."

Excerpt from NBC News -- "It's not everywhere. It's not a national crisis. But it is a severe problem at many of our most important schools. Students routinely say they're afraid to speak up. And if you keep your eye on the self-censorship, rather than the shout-downs, then I think it is a crisis."

Excerpt from Knowledge@Wharton -- "Up till 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 CNN -- "The new card is unlikely to 'make a big dent in Goldman's financial position or even its public image,' said Lawrence J. White, economics professor at New York University Stern School of Business. 'There would have to be a lot of defaulting on the debt before this can become a big problem for Goldman and it doesn't appear that that's where they are going.'"

Excerpt from Reader's Digest -- "Bad drivers think they’re good drivers. Awful cooks think they can host Thanksgiving dinner. A bad manager thinks he’s a leader, oblivious to his poor managerial skills. A tone-deaf singer thinks she’s as talented as a Grammy winner. This is Dunning-Kruger in action."

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 The Cut -- "'Anything you can do to minimize the amount of self-control you need to exert is a good thing,' Alter says. 'If you can make hard and fast rules that guide your purchasing behavior, but also license you to do it occasionally, you may have an easier time keeping it under control.'"

Excerpt from Thrive Global -- "The study adds that intent to share a photo can sometimes trigger anxiety at the moment the photo is taken, even if that’s long before the photo is shared. 'Any time you’re trying to manage your impression, you’re going to get in between yourself and the experience,' explained behavioral scientist Alixandra Barasch, one of the authors of the study."

Excerpt from Inside Philanthropy -- "The ethical problems at issue in the Wexner-Epstein relationship 'are greed, deception, overpromising, and the exploitation of people’s hopes,' Bigel said. 'Ethics is not a matter of logic, it’s a matter of emotion. Decisions we make, especially regarding the purse and love, are emotional. Wexner must have been caught up emotionally with this guy, must have talked about how they would help each other. Money is seductive.'"

Excerpt from Bloomberg -- "Forecasting asset returns in the financial markets is notoriously difficult, but, oddly enough, volatility is more predictable: both ARCH and GARCH models show that shocks to volatility are persistent and exhibit long half-lives. Such shocks can be extracted from volatility estimators and, with this in mind, Professor Engle has developed a new Geopolitical Volatility Factor (GPVF). The GPVF is based on the standardized residuals from a factor model with GARCH-style residuals. He then tested the model by applying estimation algorithms to nine U.S. sector ETFs and 45 MSCI country ETFs and studying the results through Monte Carlo simulations."

Excerpt from Forbes -- "Overall, our findings suggest that the effects of AI on labor are not uniform across occupations, and that access to complementary skills and technologies may play an important role in determining the impact of AI on occupations."

Excerpt from Vanity Fair -- "'EB-5 capital continues to thrive as a mainstream source of capital for real estate development projects,' according to the NYU study. 'It flourishes despite the uncertainty surrounding the EB-5 Program posed by the looming threat of reform.'"

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 Folha de S. Paolo -- (translated from Portuguese using Google Translate) "'There is a real chance of plunging the global economy into recession. I think we'll see that in the first half of 2020,' Robert Salomon, professor at the New York University Stern School of Business, told Folha."