Course Announcements
Fall 2026 Course Announcements
BSPA
AI & Governance (3.0 credits)
BSPA-GB.2390
Prof. Mike Posner & Prof. Luke Barnes
Mondays & Wednesdays, 1:30pm-2:50pm
Specializations: Sustainable Business & Innovation
Artificial intelligence is becoming central to business strategy, productivity, and competitive advantage across sectors. But unlike prior software innovations, AI systems raise substantial social, environmental, and economic challenges which make trade-offs unavoidable and necessitate appropriate governance models. This course examines AI governance as the set of mechanisms through which companies, regulators, and civil society actors attempt to balance the drive for AI innovation and integration with risk mitigation. Students will analyze why governance challenges arise in the first place, how different governance models have emerged in response, and where those models succeed or fail in practice. The course covers a range of approaches, including corporate self-regulation, government regulation, the application of international standards, and multi-stakeholder initiatives. Rather than treating governance as a compliance exercise, the course frames it as a core strategic question for businesses, and one that is continuously evolving. By the end of the course, students will be equipped with practical frameworks to evaluate AI governance decisions they are likely to confront as executives, investors, or policymakers.
DBi
Doing Business in Chile (3.0 credits)
DBIN-GB.3301
Pre-depature class: December 2, 2026
Class Travel Dates: January 11-22, 2027
Specializations: Global Business
By-Lottery
In this program, students will explore the landscape of Austrian startups, gaining insights from lecturer and guest speakers who are actively involved in the entrepreneurial ecosystem. Austria is also home to many multinational companies operating in the CEE region. In a second step, the program will focus on Austria’s role as a stepping stone for eastward internationalization and will present some of Austria’s flagship MNCs. Finally, the program will delve into the geopolitical significance of Vienna, home to important international organizations such as the OECD, OPEC, and the United Nations. This multifaceted approach will provide students with a comprehensive understanding of both the business environment and the geopolitical context in Austria.
Economics
The Economics of AI (1.5 credits)
ECON-GB.3150
Prof. Joseph Foudy
Early Fall Intensive
Tuesdays & Thursdays, 7pm-9pm (08/31-9/10) and Sundays, (8/30) 11am-4pm (Online)
Specializations: Economics
This course examines the economics of artificial intelligence and technological change. Rather than focusing on how to use AI directly, the course explores AI's likely economic impact by drawing on lessons from past periods of transformative technological change, including electrification, railroads, aviation, computers, and the Internet. The course addresses several core questions. First, it considers why even powerful new technologies historically took decades to achieve widespread adoption and measurable productivity gains, and what this implies for AI's trajectory. Second, it examines the distinction between value creation and value capture, asking which layers of the AI value chain — from chip makers to foundation models to enterprise applications — are likely to earn sustained returns. Third, the course analyzes AI's impact on labor markets, exploring whether AI will primarily augment or automate workers across different occupations and skill levels, and how to think about jobs in terms of tasks rather than roles. Fourth, it investigates the macroeconomic productivity puzzle: why firm-level efficiency gains from AI may take years to appear in aggregate data, and whether AI will ultimately prove inflationary or deflationary. Fifth, the course explores the intersection of AI with the broader electrification revolution and the global competition to lead in semiconductors, clean energy, and AI infrastructure. Finally, it examines the political and regulatory responses that technological revolutions inevitably provoke, from historical antitrust movements to contemporary debates over autonomous vehicles and AI governance. Students engage with academic research, policy analysis, and journalism, and develop their analytical skills through memo assignments, a group presentation, class discussion, and a final paper.
Finance
Wealth Management and Family Offices (1.5 credits)
FINC-GB.2170
Prof. Stacy Dick
Wednesdays, 6:00pm-9:00pm
Specializations: Finance
It is estimated that there is over $80 trillion of global private wealth principally owned by individuals and generations of families and over $5.5 trillion is now housed within organizational structures called family offices (with over 8,000 family offices created in the last two decades). By 2030, it is estimated the assets under management (AUM) of family offices may grow to be bigger than the capital managed by hedge funds (HF) and/or venture capital (VC) today (Deloitte, Family Office Study 2025). The course will try to answer the question: What are the unique objectives & motivations, risk-return opportunities and challenges for managing private wealth by individuals and their families? This is from both a principal and advisor perspective.
Fall 2026 By-Permission Only Courses
Experiential Learning
CPRL Education Practicum (12-credit opportunity)
CONS-GB.3012
Through the CPRL Education Practicum, Stern MBA students have the opportunity to work with a consortium of business, policy, education, and law students from top tier upper-level graduate programs. This is an intensive, full-semester seminar and practicum in the theory and methods of managing, governing, and transforming public- and social-sector organizations in P-12 education. This study-away experiential offering is structured with three components: Seminar: Theoretical seminar in the design, governance, transformation and democratic accountability of public sector organizations.
Skills Training: Professional skills training in the competencies required for success as managers and leaders of modern public- and social- sector organizations. Consulting Engagement: Students support education organizations in thinking through some of their challenging issues and provide actionable solutions. CPRL offers a limited number of CPRL Scholar Awards of up to $20,000 granted to exceptional students to apply to their NYU tuition in return for a commitment to spending time after graduation in a public or nonprofit job in the education sector. To apply, please email experiential@stern.nyu.edu to provide notice. The application can be found on CPRL’s website. If you have any questions about the course, please send your request to experiential@stern.nyu.edu.
NYU Impact Investment Fund (NIIF) (3.0 credits)
Independent Study
Prof. Andrea Armeni
Year long, Wednesdays 12:00-1:20pm
To apply, visit the Experiential Education website
The NYU Impact Investment Fund (NIIF) is a unique inter-disciplinary, experiential learning course which is offered in tandem with a student-led and operated Impact Investing Fund of the same name. Students participating in NIIF are expected to enroll in the NIIF course for the full academic year (fall and spring) and will receive 1.5 credits for each semester of participation. The class will be divided into five Deal Teams. The Deal Teams will have a sectoral focus (e.g., Financial Inclusion, Environment, Healthcare/Aging, Education and Food Systems) for sourcing prospective investment clients.
Golub Capital Board Fellows (3.0 credits)
Independent Study
Prof. Nicole Sebastian and Prof. Maureen Trantham
Year-long, Two sections, Fall 2025 to Spring 2026, *Meeting time varies
To apply, visit the Experiential Education website
The NYU Stern Golub Capital Board Fellows Program provides MBA students with the opportunity to learn more about nonprofit board work from governance to strategy. By leveraging your MBA skills and experience coupled with your enthusiastic commitment and ambition, this project- based partnership will help students not only learn more about nonprofits, but the important and vital role boards and leadership play within these organizations.
With the assistance of the Experiential Learning team, as well as a program advisor who is skilled in board service and nonprofit leadership, Fellows will be matched with a New York City-based nonprofit organization to complete a board governance or board-level strategy project. Students will have the opportunity to attend board meetings and work directly with an assigned board and organizational liaison.
Our student selection and team matching process reflects each student’s strengths, as well as each organization’s needs. Facilitated peer-learning sessions will ensure that Fellows are also able to hear about other students’ unique board and project experiences. There will be separate two sections: Board Fellows: Governance and Board Fellows: Strategy. Students can apply to both, but can only participate in one section.
Stern Signature Projects (3.0 credits)
Independent Study
Faculty: TBD
Day/Time: TBD
To apply, visit the Experiential Education website
Stern Signature Projects (SSPs) are semester-long, independent consulting engagements where MBA teams collaborate with research centers or external partners to solve complex business, research, or policy challenges. SSPs allow students to customize their MBA experience through hands-on, interdisciplinary problem-solving that extends well beyond the traditional classroom.
Finance
Global Real Estate Immersion: London (3.0 credits)
FINC-GB.2344
Prof. Sam Chandan
Trip and Pre-trip meetings (see syllabus)
See syllabus for application
While commercial real estate development, asset management, and the legal and tax framework of investment and lending remain inherently local features of a worldwide sector valued at more than $300 trillion, institutional real estate equity and debt capital flows have become increasingly global over the last several decades.
For students seeking careers in the institutional real estate industry and related sectors, whether in New York and other global cities, interaction with cross-border investors, private equity platforms, lenders, property technology entrepreneurs, and others will be the norm rather than the exception. This course introduces students to real estate finance and investment analysis in non-US settings, special issues when deploying equity and debt capital internationally, and approaches to analyzing global portfolios. The skills and experiences acquired in this course are broadly applicable and not limited to real estate.
The highly experiential course is structured around direct interaction with global real estate developers, investors, lenders, and policymakers in a major non-US market, supplemented by pre-departure meetings, an intensive schedule of visits in London, and case-based deliverables.
This course will count towards the Real Estate specialization. For questions, please contact the realestate@stern.nyu.edu and intl@stern.nyu.edu.
Managing Investment Funds (3.0 credits)
FINC-GB.3320
Prof. Jeffrey Meli
Tuesdays & Thursdays, 12:00-1:20pm
To apply: visit here.
Managing Investment Funds is a two-semester class in which students will gain hands-on experience with all aspects of portfolio management. The class is collectively responsible for managing the Michael Price Student Investment Fund (MPSIF), an endowment fund with AUM close to $3mm. This course is practitioner-based, demanding, and rigorous. Students will make asset allocation, security selection, and risk management decisions, and will be responsible for monitoring and reporting on fund performance. Class time will be comprised of a mix of lectures delivered by the instructor and by outside speakers from industry, student-led deep dives into specific portfolio management topics, and Investment Committee meetings, in which students will present investment ideas and make (and implement) investment recommendations Each student will be part of two groups. The first is the Investment Committee of one of four sub-funds of the endowment; each has a specific investment style (e.g., fixed income, thematic equities, etc...) and benchmark. These committees are responsible for making and monitoring the fund investments. The second is a working group dedicated to a specific aspect of portfolio management. These groups will be responsible for developing and/or advancing the building blocks for portfolio management that the underlying funds will use.
Interarea
Leadership Fellows
INTA-GB.3130
Imagine practicing the toughest leadership moments before you face them. In the Leadership Fellows course, you’ll tackle challenging leadership scenarios with professional actors alongside a small, tight-knit cohort. You’ll practice giving and receiving constructive feedback, engage in immersive leadership simulations, and grow alongside peers committed to your development. Full attendance and active participation are required. Further course inquiries can be directed to the Leadership Accelerator team at leadershipaccelerator@stern.nyu.edu.
Management
Endless Frontier Labs (3.0 credits X 2 semesters)
MGMT-GB.3339
Prof. Deepak Hegde
Thursdays, 9:00am-11:50am
To apply, see here. Application deadline: Friday, June 19, 2026
The Endless Frontier Labs course is a capstone course in entrepreneurship. It will introduce you to the challenges of building, financing, and scaling science and technology based startups. You will learn about these challenges by interacting with founders of startups admitted to the Endless Frontier Labs (EFL) program, as well as business leaders and elite investors who mentor the startups admitted to the program. In the seven years since its founding, the EFL has established itself as one of the most impactful programs in the world for science- and tech-based startups. Since 2019, 209 seed-stage program graduates have raised over $2.8 Billion in funding. EFL program graduates include Immunai (Life Sciences, 19-20 Cohort), C2i Genomics (Life Sciences, 19-20 Cohort), PhagoMed (Life Sciences, 20-21 Cohort), Databento (Deep Tech, 20-21 Cohort), Jetpack Aviation (Deep Tech, 20-21 Cohort), Kintsugi (Deep Tech, 20-21 Cohort), and Shiru (Deep Tech, 20-21 Cohort), among others. By interacting with the founders of such companies, you will develop a deep appreciation for how cutting-edge scientific ideas are commercialized and disrupt markets.
This unique nine-month course is a “big picture” course. The emphasis of the course is not on understanding conceptually difficult material, but on applying simple ideas systematically to resolve the tremendous uncertainty faced by early-stage startups attempting to disrupt existing markets and industries. Accordingly, classroom discussions will focus on applying basic analytical tools, drawn from strategy, economics, and finance to develop business models, evaluate the size of markets, assess financing options of early-stage ventures, and the risks and potential of ideas. Due to the course’s special circumstances, which involve working with new companies seeking capital: 1) students sign a non-disclosure agreement, 2) penalty is imposed for missed classes, 3) interested students must apply to the course to be considered. The course will run over the Fall and Spring with students being paired with startups through a mutual-interest match process.
Operations Management
Ops in Entertainment: Las Vegas (3.0 credits)
OPMG-GB.2313
Prof. Harry Chernoff
Trip and Pre-/Post-trip meetings (see syllabus)
See syllabus for application
When we think of entertainment, perhaps the most popular location that comes to mind is Las Vegas. Behind the glitter and excitement in Las Vegas are industries dedicated to supplying entertainment to customers. Operations addresses the supply side of business, including how products are produced and how services are supplied.
This course goes behind the scenes in Las Vegas to observe and analyze the operations involved in performing this supply function. This course presents an opportunity to study the entertainment industry including strategy formation and decision-making that are quite unique. The entertainment comes in various forms. The underlying driver is certainly gaming, but the industries surrounding the various forms of gambling have become major profit centers separate from the millions made on the casino floors.
During a one-week visit to Las Vegas, students will observe and study some of the major operating industries that comprise the broad scope of entertainment in this city. Although the Operations Management models, techniques and strategies in this field are applicable anywhere, Las Vegas is the epicenter of the industry.
Summer 2026 Course Announcements
DBi
DBi Austria (1.5 credits)
DBIN-GB.3125
Pre-depature class: July 22, 2026
Class Travel Dates: August 23 - 29
Specializations: Global Business
By-Application
In this program, students will explore the landscape of Austrian startups, gaining insights from lecturer and guest speakers who are actively involved in the entrepreneurial ecosystem. Austria is also home to many multinational companies operating in the CEE region. In a second step, the program will focus on Austria’s role as a stepping stone for eastward internationalization and will present some of Austria’s flagship MNCs. Finally, the program will delve into the geopolitical significance of Vienna, home to important international organizations such as the OECD, OPEC, and the United Nations. This multifaceted approach will provide students with a comprehensive understanding of both the business environment and the geopolitical context in Austria.