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Professor John Asker and PhD candidate in economics Sandy Yu
A Transformational Experience
A number of business schools can boast of excellent PhD programs. However, none has the collaborative culture that the Stern School’s has. Through the cultivation of individual student-faculty and student-student relationships, the School nurtures students’ innate curiosities while teaching them to use the research tools required to solve the problems they address. By the end of the program, students of the faculty have become colleagues of the faculty, transformed into fully trained scholars capable of doing research on the same level as that of the people who taught them.
“I learned an incredible amount in my five years at Stern. I worked with the most amazing and supportive professors and colleagues, and I am so grateful for my academic family at Stern—my wonderful mentors and friends who continue to challenge, teach, and inspire me.” E E S H A S H A R M A Assistant Professor Marketing
Dartmouth University Tuck School of Business
Vibrant and Collaborative Environment
NYU Stern’s doctoral students enter a highly select and motivated community of scholars, who thrive in an atmosphere of intellectual rigor and creative collaboration. The PhD student body consists of approximately 100 full-time students across all departments and stages in the program. With nearly 200 full-time research faculty, the Stern PhD program has one of the lowest student-to-faculty ratios among top business schools. This results in a learning environment that is highly collaborative and collegial and in which close, one-on-one mentoring is the norm. Stern students are intellectually integrated within their academic departments. With offices next to faculty, and doors always open, students and faculty daily engage in informal conversations that foster research ideas as well as close, often life-changing, relationships. The supportive environment at NYU is an ideal setting for the acquisition of the knowledge, skills, experience, and networks students need to achieve their fullest potential. Other resources, such as the numerous research centers and labs at Stern and the Faculty of Arts of Sciences of NYU, provide students fertile ground to learn about new areas and apply their skills to challenging problems of real-world relevance.
EESHA SHARMA
PhD 2013
ROBERT ENGLE
MICHAEL SPENCE
THOMAS SARGENT
2003 Nobel Prize Professor of Finance
2001 Nobel Prize Professor of Economics & Business
2011 Nobel Prize Professor of Economics
NYU Stern is the only business school currently with 3 Nobel laureates on its active faculty.
Prized Faculty
The strength of Stern’s PhD program starts with the excellence and dedication of its faculty. Stern doctoral students begin the program learning the tools and state-of-theart literature of their field from the very faculty who are defining the forefront of their disciplines. Stern’s more than 200 person full-time faculty includes current and past presidents of academic associations, editors of leading research journals, members of the National Academy of Arts and Sciences, award-winning authors, and three Nobel Prize winners. In addition, a number of Stern professors maintain contacts to key industry practitioners and influential policymakers, many here in New York City, and ground their work in practical issues and concerns.
B RYA N K E L LY
PhD 2010
“Ultimately, the quality of a PhD education is determined by the faculty. Stern has assembled one of the top faculties in the world, and they are committed to developing their students into the next generation of top researchers.� B R Y A N K E L L Y Assistant Professor of Finance
The University of Chicago Booth School of Business
Dedicated Mentorship
From day one, Stern doctoral students actively engage in the research process. They participate in one-on-one research apprenticeships with multiple faculty members early on, thereby gaining wide exposure to different areas of research. Over the course of the program, students deepen their interests and engage in joint research projects with a smaller number of professors, becoming equal partners in the research process. Many will have published articles in top-tier journals or have articles under review by the time they have completed the program. By the time students reach the dissertation stage and on through graduation, they are prepared to do individual and original work enabling them to leave their own marks on the intellectual landscape. Through the individualized training provided by dedicated mentors, each student is guaranteed a unique and personal experience in the program. The size and wide-ranging interests of the Stern faculty mean that no matter what a student’s own research interest may be, or what it may become, there will likely be distinguished professors on the faculty who share that interest and can provide training and guidance in its pursuit.
“We cultivate colleagues—top rate scholars who will advance the state of the art of research in their fields as career-long peers and often as collaborators” J O E L S T E C K E L Professor of Marketing
Vice Dean for Doctoral Education, Stern School of Business
Placement Success
The quality of Stern’s PhD program is evidenced by one of the most successful academic job placement records of any business doctoral program in the nation. With more than 1,000 alumni working in top research institutions in 30 countries, NYU Stern’s doctoral program is consistently ranked among the world’s best in terms of the quality and number of its PhD placements. Graduates equipped with a Stern PhD include distinguished alumni such as Alan Greenspan, the former chairman of the U.S. Federal Reserve Board, and faculty members at top universities throughout the United States and around the world. Recent graduates have been placed at Carnegie Mellon, Columbia, Dartmouth, Harvard, MIT, Stanford, University of Chicago, Wharton, Yale, and London Business School. Other graduates are making their mark in research at institutions such as the Federal Reserve. For a full list of recent graduates, please visit our website: www.stern.nyu.edu/phd.
YALE
H A RVA R D
CARNEGIE MELLON
Alina Lerman Accounting PhD, 2011
Hong Luo Economics PhD, 2011
Beibei Li Info. Systems PhD, 2012
WHARTON
WHARTON
MIT
DARTMOUTH
Natalya Vinokurova Management PhD, 2012
Matthew Grennan Economics PhD, 2010
Xavier Giroud Finance PhD, 2011
Eesha Sharma Marketing PhD, 2013
Accounting Stern’s accounting department is exceptional in its balance between research in empirical financial accounting and theoretical financial and managerial accounting. It is also unusual in the breadth of the research conducted (e.g., capital markets, earnings management, voluntary disclosure/management guidance, corporate governance, and financial institutions and instruments). These attributes result in part from its size, but also from the individual and collective wide-ranging interests of the faculty. The curriculum is designed to provide a thorough understanding of current accounting theory, practice, and research, taught within the framework of modern economic and finance theories as applied to the behavior of today’s corporations and financial markets.
Economics Stern’s PhD program in economics is known for its world-class faculty that includes two Nobel-prize-winning economists and an extremely low student-faculty ratio. Students receive personalized attention while also having access to a broad range of courses through the economics department of the Graduate School of Arts and Sciences. The research interests of Stern economics faculty span many areas, with particular strengths in industrial organization and applied micro theory, including applications to strategy, and macroeconomics, including applications to finance and international economics.
Fields of Study
Rob Salomon, Stern management professor and Stern PhD alumnus
Finance Stern’s PhD program in finance trains scholars to conduct research at the leading edge of financial economics. The faculty represents one of the largest finance research groups in the world that has been ranked consistently as the leading publisher of academic research in top finance journals. The faculty comprises more than 40 researchers, including a Nobel-prize-winning economist, who are active in all areas of finance—asset pricing, corporate finance, derivatives, market microstructure, and behavioral finance—with both theoretical and empirical focus, and with emerging specialization in the areas of financial intermediation, crises, and macro-finance. As a result of this unusual breadth, students have access to expertise in almost any topic that they might wish to explore.
Information Systems Information Systems (IS) is a multidisciplinary field that is growing in importance as the information technology revolution transforms the scale of data, the nature of products, the organization of work, and the way people interact. The Stern IS department has played an active leadership role in defining the fields of data science and business analytics, engaging in cross-disciplinary scholarship in computer science, economics, machine learning, marketing, management science and urban science. PhD students at Stern have the advantage of working with IS faculty who also maintain close research ties with the digital, banking, advertising and media industries, which gives our students access to unique “big data” for research as well as opportunities for experiential learning.
Management Stern’s PhD program in management prepares students to understand how organizations need to compete in challenging and volatile business environments and how managers must manage in complex and changing workplaces. The training is broad based and interdisciplinary, drawing on the fields of economics, psychology, and sociology. Areas of focus within the management doctoral program at Stern include strategy, the study of the competitive dynamics of firm performance; organizational behavior, the study of the behavior of individual employees and managers within organizations; and organization theory, the study of organizational structures and processes.
Marketing Stern’s PhD program in marketing trains students to perform research in a broad array of behavioral areas such as consumer psychology, information processing, and judgment and decision making. The program also teaches students how to conduct research that develops econometric and statistical models to investigate consumer, firm, and market phenomena. The behavioral work in the department emphasizes experimental methodologies while the marketing science research focuses on structural models and Bayesian analyses. Applications of theory focus on current topics such as branding, social networks and media, word of mouth, and the use of digital media. The department is proud of a long tradition of close collaboration between doctoral students and faculty members.
Operations Management Stern's Operations Management (OM) group works on problems in managing op-
practices in retailing; revenue management applications; health care operations; call center management; task and workforce scheduling; Internet business models and strategies; and how to forecast new product sales. Research topics are drawn from several disciplines, including operations research, management and organizational behavior, economics and information systems, and banking and finance.
Statistics Doctoral work in statistics combines theory and methodology to deal with the large quantity of statistical data. Stern, one of the few top business schools that offers a PhD in statistics, combines the theoretical and methodological orientation of a traditional statistics department with a focus on the applications that are central to the concerns of a business school. The PhD thesis work at Stern is a mathematically sophisticated enterprise that never loses sight of the real and practical problems of business. In addition to the department’s growing strength in the area of statistical learning, it has maintained strength in time series and econometrics, two areas not always found in other statistics departments.
Principal Photography ©NYU Photo Bureau: Asselin
tracts and quality systems for the management of decentralized supply chains; best
Design by Drive Communications, NY
empirical, and theory-building methodologies to understand how to design con-
Nobel medal photo: Jonathunder
erations in today’s economy. OM research at Stern uses a combination of analytical,
www.stern.nyu.edu/faculty
www.stern.nyu.edu/phd
NYU Stern School of Business Doctoral Programs Office 40 West 4th Street Room 826 New York, NY 10012 www.stern.nyu.edu/phd 212-998-0740 phd@stern.nyu.edu