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New York University
Stern School of Business
RECRUITMENT AND SCHOLARSHIPS/FELLOWSHIPS
What programs and initiatives has your school found successful in the recruitment of minority and/or female students?
New York University's Stern School of Business consistently admits one of the highest percentages of women MBA students among top-tier business
schools: 41 percent in the full-time MBA program in 2008. Women at Stern are a unique mix of individuals from across the globe and from a variety
of industries. Representing almost 20 percent of the Stern faculty, female professors also play a critical role in the school's success and teach some
of the most popular, well-respected classes. Stern also enrolls one of the highest percentages of underrepresented minorities of top business schools:
15 percent in 2008. NYU Stern hosts special events for prospective women and minority students each year, including the following:
A Night with NYU Stern
Hosted in the late summer, A Night with NYU Stern offers prospective students the opportunity to participate in an admissions workshop and
hear from a panel of current Stern students. Attendees learn about NYU Stern's application process and timeline, how to compete for a two-
year, full-tuition fellowship through the Consortium for Graduate Study in Management and how to complete a competitive application. They
also receive general advice from current students.
Discover Stern Fall Diversity Weekend
Discover Stern Fall Diversity Weekend offers prospective students the opportunity to meet current students, faculty, alumni and
administrators; learn more about Stern's unique program offerings, student life, community and career resources; receive valuable
information about the admissions process from members of the admissions committee; and attend the Annual Association of Hispanic and
Black Business Students Conference.
Stern Perspectives Diversity Interview Day
NYU Stern MBA admissions invites select applicants to participate in Stern Perspectives Diversity Interview Day, a unique opportunity to
complete the Stern admissions interview, attend a Stern class and engage with Stern students and alumni.
Opening Doors for Women
Held in the fall, Opening Doors for Women is NYU Stern's signature women's recruiting event. It includes breakfast with current students
and alumnae, a keynote address by Professor Sheila Wellington, a nationally recognized speaker on organizational change and women's
advancement and a student panel.
Spotlight on Stern Women's Interview Day
Each winter, NYU Stern MBA admissions and student organization Stern Women in Business (SWIB) host Spotlight on Stern Women's
Interview Day for select women applicants. This two-day event includes attendance at the annual SWIB Conference.
In addition, NYU Stern works with student clubs to host special events for prospective women and minority students. These student groups include:
Stern Women in Business (SWIB)
One of the key resources for women at Stern is the Stern Women in Business Club (SWIB), an organization that promotes female students'
personal and professional development. SWIB provides networking and social opportunities among students, faculty, administrators and
alumni, as well as with the outside business community. SWIB is committed to creating a supportive community by addressing the topics
significant to women in business and providing a forum where diverse experiences, perspectives and resources can be shared.
SWIB hosts many events, including:
? Career-focused events, such as interview preparatory workshops; industry panels; company-sponsored recruiting events; and lunches
with faculty and outside professionals to discuss career experiences, job expectations and current events
? Alumni events, in which distinguished alumnae give valuable career advice, discuss lifestyle issues and offer networking opportunities
? Community service activities such as Dress for Success and Race for the Cure
? The annual SWIB conference, a Stern tradition that attracts alumnae, professional women from all fields and student leaders from
other business schools to discuss pertinent issues affecting women in the work force
Association of Hispanic and Black Business Students (AHBBS)
Among Stern's most active clubs is the Association of Hispanic and Black Business Students, which provides a solid social and professional
support structure for Stern's African-American and Hispanic students. AHBBS recruits diverse students to Stern, creates career networks
and organizes corporate presentations, alumni receptions, career development workshops and business exploration trips.
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OutClass
OutClass, a club founded to bring Stern's gay, lesbian, bisexual and transgender students and alumni together as a network, creates an open
and supportive forum for the discussion of issues relevant to the GLBT community. Throughout the year, OutClass hosts and organizes a
wide range of professional and social events. The organization's agenda includes corporate dinners and networking receptions with GLBT
representatives from pre-eminent firms, alumni career panels and networking events, workshops on timely issues of concern to GLBT
students and cocktail socials with other top business schools. OutClass membership includes full- and part-time students, PhD candidates,
faculty and alumni.
Fall Admissions OutClass Reception
Students, alumni and members of the administration give prospective students an opportunity to engage with the GLBT community at
Stern and learn more about the Stern MBA programs and admissions process.
NYU Stern also partners with nonprofit organizations that promote women and minorities in business and business education:
Consortium for Graduate Study in Management (CGSM)
NYU Stern is a member of the Consortium for Graduate Study in Management, an alliance of American business schools and top corporations
dedicated to reducing the serious underrepresentation of African-Americans, Hispanic Americans and Native Americans in both the member
schools' enrollment and the ranks of management. CGSM achieves this mission by recruiting for graduate business education, qualified U.S.
citizens and U.S. permanent residents from these underrepresented groups, as well as other persons who can demonstrate a commitment
to CGSM's mission and can best assist CGSM in pursuing this mission. NYU Stern encourages all eligible candidates to apply for admission
to Stern and for Consortium Fellowship consideration by using the CGSM application rather than the Stern application. Applicants who apply
using the CGSM application follow the same evaluation process as applicants who apply directly to Stern.
Fort? Foundation
The Fort? Foundation is a consortium of major corporations and top business schools dedicated to directing talented women toward
leadership roles in business. Each fall, NYU Stern participates in Fort? Forums across the United States. Each June, Stern Fort? Fellows
participate in the annual Fort? Conference.
Management Leadership for Tomorrow (MLT)
NYU Stern partners with Management Leadership for Tomorrow (MLT), a nine- to 12-month program that helps young professionals apply
successfully to leading graduate business schools.
National Black MBA Association (NBMBAA)
NYU Stern participates in the annual conferences of the National Black MBA Association. Established in 1970, the National Black MBA
Association is dedicated to the growth of intellectual and economic wealth in the Black community.
National Society of Hispanic MBAs (NSHMBA)
NYU Stern participates in the annual conferences of the National Society of Hispanic MBAs, an organization that seeks to foster Hispanic
leadership through graduate management education and professional development.
The Robert Toigo Foundation
The Toigo Foundation inspires minorities to research and investigate career opportunities within finance. The Toigo Foundation offers the
only MBA graduate-level fellowship for individuals committed to a career in finance. The Stern school partners with the Toigo Foundation to
market and communicate the program to interested candidates.
Riordan Programs
The Riordan Programs utilize a pioneering career-based outreach model that motivates college students and recent college graduates from
diverse backgrounds and underserved communities to consider and prepare for careers in management through education, mentorship, job
development and leadership training. Stern partners with the Riordan Programs by attending MBA preparation workshops and seminars.
Please describe any scholarship and/or fellowship opportunities for minority and/or female students attending your school.
Fort? Fellowship
Consortium Fellowship
Citi Diversity Scholarship
Citi Women's Scholarship
Booz Allen Scholarship
Deutsche Bank Fellows Program
Toigo Fellowship
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American Association of University Women
Financial Women's Association Scholarship
BPW/NYS Grace LeGendre Endowment Fund
Hispanic Scholarship Fund College Scholarship Program
National Black MBA Association
National Society of Hispanic MBAs
American Women's Society of Certified Public Accountants
American Indian Graduate Center
AICPA Scholarship for Minority Accounting Students
The Ronald Blaylock Scholarship
Dorcas Campbell Memorial Scholarship
Bernstein Family Scholarship
The Anne Hudson & Frank H. Berlin Scholarship
Mary C. Farrell Scholarship
PROMINENT ALUMNI/FACULTY
Please provide information about prominent minority faculty members at your school.
Aswath Damodaran, Kerschner Family Professor of Finance Education, David Margolis Teaching Fellow
Aswath Damodaran is a professor of finance at NYU Stern. Before coming to Stern, he also lectured in finance at the University of California, Berkeley.
Professor Damodaran received a BA in accounting from Madras University and an MS in management from the Indian Institute of Management. He
earned an MBA (1981) and then PhD (1985), both in finance, from the University of California, Los Angeles.
Professor Damodaran's contributions to the field of finance have been recognized many times over. He has been the recipient of Giblin, Glucksman
and Heyman Fellowships, a David Margolis Teaching Excellence Fellowship and the Richard L. Rosenthal Award for Innovation in Investment
Management and Corporate Finance.
His skill and enthusiasm in the classroom garnered him the School of Business Excellence in Teaching Award in 1988 and the Distinguished Teaching
Award from NYU in 1990. His student accolades are no less impressive: He has been voted Professor of the Year by the graduating MBA class five
times during his career at NYU.
In addition to myriad publications in academic journals, Professor Damodaran is the author of several highly regarded and widely used academic texts
on valuation, corporate finance and investment management.
Professor Damodaran currently teaches Corporate Finance and Equity Instruments and Markets. His research interests include information and prices,
real estate and valuation.
Nouriel Roubini, professor of economics and international business
Nouriel Roubini is a professor of economics and international business at NYU Stern. He received his undergraduate degree from Bocconi University
in Milan, Italy, and his PhD in economics from Harvard University in 1988.
Before joining NYU Stern, Professor Roubini was a faculty member of the economics department at Yale University from 1988 to 1995. He was also
the senior economist for international affairs at the White House Council of Economic Advisers from 1998 to 1999; then, the senior adviser to the Under
Secretary for International Affairs and the director of the Office of Policy Development and Review at the U.S. Treasury Department from 1999 to 2000.
He worked on the resolution of the Asian and global financial crises of 1997 to 1998 and the reform of the international financial architecture after
these crises, among other issues. He is also chairman of Roubini Global Economics, an economic information and consultancy service. His views are
cited regularly in the media.
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Professor Roubini has been a longtime consultant to the World Bank, the International Monetary Fund and other private and public institutions. He
has published theoretical and empirical and policy papers on international macroeconomics issues, the Asian and global financial crisis, emerging
markets and the reform of the international financial system.
He is the co-author of the books Political Cycles: Theory and Evidence and Bailouts or Bail-ins? Responding to Financial Crises in Emerging Economies.
Adam M. Brandenburger, J.P. Valles Professor of Business Economics and Strategy
Adam Brandenburger is the J.P. Valles Professor at NYU Stern. Prior to joining Stern, he held the MBA Class of 1958 Professorship at Harvard
Business School.
Adam is an authority on game theory and its application to business strategy and teaches an MBA course on this subject. He was voted NYU Stern
MBA Professor of the Year in 2006. His book Co-opetition (with Barry Nalebuff, Doubleday, 1996) is used by businesses as a guide to strategy in the
information economy and has been translated into more than a dozen languages.
Born in London, England, Adam received his BA, MPhil and PhD degrees from the University of Cambridge. He was a Harkness Fellow from 1983 to
1985.
Please provide information about prominent minority alumni from your school.
David Hernandez, MBA 1999, chairman and chief executive officer, Liberty Power
David Hernandez is chairman and CEO of Liberty Power--the only Hispanic-owned retailer of electricity with a national presence. In 2001, in the midst
of an economic downturn nationally, Mr. Hernandez teamed with other professionals from the energy, telecommunications and the financial services
sectors to create Liberty Power. Headquartered in Fort Lauderdale, Fla., Liberty Power supplies power to businesses and government agencies,
including the U.S. Department of Defense, Department of Homeland Security and Social Security Administration. Some of their business customers
include New York Life, J.C. Penney, Linen's `n Things, Circuit City, Eckerd Drugs, Auto Zone and Lowe's.
Mr. Hernandez currently serves on the NYU Stern Alumni Council and as chair of the Underrepresented Minority Alumni Engagement Committee. In
2004, he was awarded NYU's Distinguished Alumni Award. He was named Entrepreneur of the Year in 2005, by Hispanic Business magazine and
was awarded the 2004 Hispanic Business magazine Entrepreneur of the Year Award. He has also been featured in both print and television articles,
such as NBC's Hispanic Today.
Debra Sandler, MBA 1988, worldwide president, McNeil Nutritionals LLC
Debra Sandler is currently the worldwide president for McNeil Nutritionals, a Johnson & Johnson company. McNeil Nutritionals is responsible for
developing J&J's Nutritional Health platform with a portfolio of growth brands designed to provide consumers with nutrition-based health care products
that are scientifically proven and medically endorsed. Their major brand franchises include SPLENDA?, VIACTIV?, BENECOL? and LACTAID?. Prior
to this position, Ms. Sandler was general manager for the company's North American business and was responsible for all aspects of marketing, sales,
operations, communications and quality assurance in the United States, Canada, Puerto Rico and the Caribbean. She was responsible for the highly
successful consumer launch of SPLENDA? in the United States. She also developed the ingredient marketing strategies, working with existing and
potential new customers for the ingredient brand, and developed the global business strategies to drive both the consumer and ingredient product lines
in core markets. Today, SPLENDA? is the number-one selling sugar substitute in the United States.
Ms. Sandler has been recognized by Advertising Age as part of the Power 50 Marketers Award for Excellence in Marketing (2004); by Ebony magazine
as one of the Top 15 African-American Female Executives in Corporate America; by The Network Journal as one of the Top 25 Influential Black Women
in Business; and by Black Enterprise as one of the Most Powerful African-Americans in Corporate America. She has also been named one of the
Outstanding Women in Marketing and Communications. Ms. Sandler is the recipient of the 2005 Distinguished Alumna Award from the Association
of Hispanic and Black Business Students, an NYU Stern MBA student organization.
Vivek Wadhwa, MBA 1986, executive in residence/adjunct professor, master of engineering management program, Pratt School of Engineering, Duke
University
Vivek Wadhwa is a technology entrepreneur on sabbatical. He is currently executive in residence/adjunct professor for the Pratt School of Engineering
at Duke University. He is an active mentor and adviser to various startup companies and recently helped to produce a Hollywood film in India's
Bollywood. He is a regular columnist for BusinessWeek online.
Mr. Wadhwa has long been a pioneer of change and innovation in the technology industry, and has cofounded two software companies. At Credit
Suisse First Boston, he spearheaded the development of Seer*HPS, a revolutionary technology for building large-scale client/server systems, which
became its own company, Seer Technologies. Mr. Wadhwa was tapped to head Seer's technology efforts as executive vice president and chief
technology officer and helped grow the nascent startup into a $118 million publicly traded company.
Mr. Wadhwa also founded Relativity Technologies. As a result of his vision, he was named a Leader of Tomorrow by . Relativity was named
as one of the 25 "coolest" companies in the world by Fortune magazine for its vision in helping businesses "recycle" legacy systems.
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Mr. Wadhwa now shares his experience with other entrepreneurs looking to build companies from the ground up. He serves as an adviser to several
local startups and is founding president of the Carolinas chapter of The IndUS Entrepreneurs (TIE), a nonprofit global network intended to foster
entrepreneurship.
Please provide information about prominent female faculty members at your school.
T?lin Erdem, Leonard N. Stern School Professor of Marketing, codirector of the Center for Digital Economy Research
T?lin Erdem joined NYU Stern as professor of business and professor of marketing in July 2006. She is also currently serving as research director of
the Center for Digital Economy Research at NYU Stern.
Before joining Stern, Professor Erdem was the E.T. Grether Professor of Business Administration and Marketing at the Haas School of Business at the
University of California, Berkeley. There, she served as the associate dean for academic affairs, the Marketing Group Chair and the PhD program
director; she also chaired the campuswide committee on research at the University of California, Berkeley. She joined Berkeley in 1993 as an assistant
professor, was promoted to associate professor with tenure in 1998 and to a chaired full professorship in 2003.
Her research interests include advertising, brand management and equity, consumer choice, customer relationship management, decision making
under uncertainty, econometric modeling and pricing. She has published several papers in top field journals. She has received best paper awards,
as well major research grants, including two major National Science Foundation grants. She holds editorial posts at several journals.
Professor Erdem earned a BA in economics from Boazi?i University, Istanbul, Turkey, in 1986, and an MA in economics in 1987 and a PhD in
business administration in 1993, both from the University of Alberta.
Sheila W. Wellington, clinical professor of management and organizations
Sheila Wellington was appointed clinical professor of management and organizations at NYU Stern in September 2003. A leader and advocate on
behalf of women in business, Ms. Wellington currently teaches a course she developed, Women in Business Leadership. For 10 years she was
president of Catalyst, the pre-eminent nonprofit organization on women's private sector leadership.
Ms. Wellington is the author of Be Your Own Mentor, a highly successful book focusing on issues of organizational change and women's advancement.
A nationally recognized speaker on these and related topics, she is a board member of the Institute for Women's Policy Research and The Transitions
Network and serves as a commissioner of the New York City Commission on Women's Issues. Ms. Wellington received the Distinguished Alumnus
Award from the Yale School of Public Health in 2002 and was inducted as a fellow of the National Academy of Human Resources.
Please provide information about prominent alumnae from your school.
Mary Ellen Georgas, MBA 1993, principal and owner, Georgas Consulting
Mary Ellen Georgas is the principal and owner of Georgas Consulting, founded following more than 15 years of experience in the financial services and
consulting industries. She specializes in internet strategy, management and operations as well as product management. She also has a background
in business planning, product development, marketing and market research.
Ms. Georgas served most recently as head of product management for Chase Online (including Chase Online for Small Business and Personal Financial
Services Online) and JPMorgan Access during her three years at J.P. Morgan Chase. Prior to joining Chase, she was a managing director and strategist
in the financial services practice at Scient, where she worked with clients such as Nasdaq, Hambrecht & Quist, State Street, Credit Agricole and Wells
Fargo. She began her consulting career at Furash & Company in Washington, D.C., after working for MasterCard and Chemical Banking Corporation
in New York. Ms. Georgas graduated from the University of Richmond with a dual major in economics and political science and received an MBA in
marketing from the Stern School of Business at NYU. She currently serves as the chair of the NYU Stern Alumni Council.
Bernadine Coles Gines, MBA 1947, former administrative accountant, City of New York
In 1954, Bernadine Coles Gines became the first African-American female CPA in the State of New York and the 34th African-American CPA in the
United States. A native of Charlottesville, Va., Mrs. Gines completed high school with valedictory honors. In 1946, she received a BSBA from Virginia
State College (now Virginia State University), ranking No. 1 in her graduating class. Mrs. Gines received her MBA with a major in accounting from New
York University in 1947. She met her experience requirement working for a small accounting firm in New York, and spent most of her career in the
employ of the comptroller for the City of New York, where she held various titles in the accounting service and in the computer programming service.
During the fiscal crisis of the 1970s, she worked closely with outside vendors to restructure the city's accounting records.
Since her retirement in 1991, Ms. Gines has been an active volunteer with Marble Vision, the media arm of Marble Collegiate Church, and as a tax
counselor with AARP. Mrs. Gines and her sister, Ruth Harris, the first African-American female CPA in Virginia, MBA 1949, were featured in a recently
published book, A White Collar Profession: African-American Certified Public Accountants Since 1921. In 2007, the Association of Hispanic and Black
Business Students (AHBBS), an MBA student organization, presented Mrs. Gines with its Distinguished Alumnus Award at its annual conference.
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CURRICULUM AND RESEARCH
Please provide information on any classes and concentrations that focus on issues related to women or minorities.
Women in Business Leadership
This course explores the issues of women in management with a focus on the barriers and success factors that enable women to achieve their
maximum potential as business leaders. It also explores the strategies that organizations can undertake to develop a more diverse and creative pool
of leadership talent. It analyzes the historical, ethical and legal implications inherent in the exclusion of women from power positions; reviews empirical
and anecdotal data involving women in corporate leadership and uses "real-life" experiences of successful women executives to create a broader
appreciation of the benefits of advancing women in business.
Please describe any faculty and/or student research projects that focus on diversity, multiculturalism and minority issues.
Professor Frances Milliken has conducted research in the areas of organizational learning, the dynamics of upward communication in organizations
and the effects of power on how people think and communicate. She has also researched the dynamics of teams and the management of diversity
and work/life issues. Professor Milliken's published research includes:
Martins, L., Milliken, F. J., Wiesenfeld, B. and Salgado, S. (2003). "Context matters: The effects of diversity on group functioning and
outcomes in two different organizational contexts." Group and Organization Studies, 28: 1 to 32.
Milliken, F. J., Bartel, C., and Kurtzberg, T. (2003). "Diversity and creativity in work groups: A dynamic perspective on the affective and
cognitive processes that link diversity and performance." Chapter in Group Creativity (Paul B. Paulus and Bernard Nijstad, editors), Oxford
University Press.
Professor Batia Mishan Wiesenfeld's teaching and research interests focus on the management of organizational change. Professor Weisenfeld's
published research includes:
Martins, L., Milliken, F. J., Wiesenfeld, B. and Salgado, S. (2003). "Context matters: The effects of diversity on group functioning and
outcomes in two different organizational contexts." Group and Organization Studies, 28: 1 to 32.
Professor Dolly Chugh teaches negotiations, ethics, organizational behavior, social psychology, diversity and decision making. Her research interests
include bounded ethnicality, bounded awareness, implicit bias, negotiations and race and gender. Her presentations include:
Chugh, D. and Banaji, M.R. (2005). Advice from Black, Hispanic, and Female Advice-Givers is Discounted.
Professor Jill Kickul's primary research areas of interest include innovation and strategic processes within new ventures, micro-financing practices and
wealth creation in transitioning economies and social entrepreneurship. She is the author of Entrepreneurship Strategy: Changing Patterns in New
Venture Creation, Growth, and Reinvention and has published more than 50 publications in entrepreneurship and management journals. Her two most
recently published works are:
Wilson, F., Kickul, J., and Marlino, D. (2007). "Gender, Entrepreneurial Self-Efficacy, and Entrepreneurial Career Intentions: Implications
for Entrepreneurship Education." Entrepreneurship Theory and Practice. 3:31 387 to 406.
Kickul, J. Gundry, L. and Sampson, S. (2007). "Women Entrepreneurs Preparing for Growth: The Influence of Social Capital and Training
on Resource Acquisition." Journal of Small Business and Entrepreneurship. 2:20 169 to 181.
Please describe any symposiums or special lectures that focus on diversity and minority issues organized and/or sponsored by your school.
Stern Women in Business (SWIB) Annual Conference
For the past 17 years, the annual SWIB Conference has brought together students, alumni, faculty and business leaders to celebrate the
accomplishments of women. The SWIB Conference addresses relevant issues that women face both in their personal lives and as future business
leaders.
Topics discussed at the 2009 SWIB conference included taking control of one's career, creating effective female mentoring networks, navigating non-
typical female roles and women reaching out to improve the lives of other women.
Annual Association of Hispanic and Black Business Students Conference
The Annual AHBBS Conference is one of the first conferences of the year and is consistently one of the largest student conferences. The one-day
event is designed to provide MBA professionals with the tools necessary to develop and promote their professional value. The 23rd annual conference
in 2008 featured keynote speakers Carla Harris, managing director of Global Capital Markets at Morgan Stanley and Edward Bullock, vice president of
diversity and inclusion at L'Or?al USA. Other features included panels of dynamic business leaders sponsored in collaboration with other NYU Stern
student organizations, corporate networking opportunities and a cocktail reception.
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