Month: July 2023

Posted on

A Day in the Life of a Sternie

Brittany Fidalgo is a recent MBA graduate, specializing in Strategy and Global Business. Prior to Stern, Brittany led HR at small and mid-size businesses. Post-MBA, she is going into Consulting at PWC. At Stern, she was involved in AHBBS, SWIB, and Adventures club.

A day in the life of an MBA student can vary depending on what time in the program you find them. In my last semester of school, I had most early mornings free, which allowed me to start my day with breakfast- typically granola, kiefer and berries. I would often go for a quick run along the East River before getting ready to head to school.

 At school, I would stop in to the cafe, Matto, to pick up my favorite chai latte and catch up with friends. Matto is amazing because every drink is under 3 dollars- an absolute deal in New York City! I would then head to the 4th floor reading room to do focused work for my classes.

Club meetings and events often happen during lunch time. Some days I may have a board meeting for AHBBS, or attend another club event. SWIB, for example, hosted a great Stern Speaks event where fellow Sternies volunteered to present personal stories with us over lunch.

After this, it is time to meet with one of my group project teams and attend my classes. A course I took this semester, Marketing Planning and Strategy, focused on group work with a final deliverable of a business strategy proposal. After meeting with my project team, I head to my weekly seminar class, Developing Managerial Skills with Professor Dolly Chugh. This was one of my favorite classes at Stern, and I highly recommend everyone taking the course!

After class, I meet up with a classmate for dinner at a nearby restaurant in the West Village before heading to our 6pm weekly seminar class, Digital Innovation and Crowdsourcing with Professor Natalia Levina. She always had the best Ukrainian snacks for us! After a full day at Stern, I jump on the subway and head home to Brooklyn. 

The days are long and busy in business school, but the years fly by quick! By being thoughtful and intentional about your time, you will be able to make the most of the academics, extracurriculars, social life, and the incredible opportunities in NYC!

Posted on

DBi Spain: Immersing in the Metaverse, Exploring Global business, Embracing Spanish Culture and Building Connections

Jenny Ng is a current Langone MBA student, specializing in Finance, Management in Technology and Operations and Strategy. Prior to Stern, Jenny worked in various industries, including retail bank, aviation, real estate and information technology; currently, Jenny holds a position at Business Operations in the Energy Management department at Con Edison of NY. At Stern, she is involved in Langone Student Government as Vice President of First Years and Asian Business Society as Vice President of Langone.

This past semester, I had the incredible opportunity to participate in Doing Business in (DBi) Spain with a diverse group of ambitious and like-minded classmates from both the full-time and part-time programs. It was an enriching experience that allowed us to immerse ourselves in an international landscape of an increasingly interconnected world to explore the opportunities and challenges associated with conducting business in other countries, considering economic, legal, political and cultural aspects. I had the pleasure to embark on an academic odyssey to Madrid, Spain, where our focus was on the European startup ecosystem, tech entrepreneurship, digital innovations in artificial intelligence and the metaverse, as well as trends, future prospects and leadership within the industry. DBi Spain delivered a truly immersive experience that extended beyond the normal classroom and that allowed me to enrich my understanding of global dynamics and international business while fostering lifelong friendships and connections.

Inside the classroom, we were privileged to learn from esteemed professors at IE Business School and engage in insightful guest lectures delivered by entrepreneurs and industry leaders in the technology, consulting and digital banking sectors. Having the opportunity to learn from industry practitioners and leaders firsthand equipped us with profound insights and knowledge about the opportunities and challenges in the European startup ecosystem and tech industry. We explored the advantages and disadvantages of developing a tech startup in Europe, all of which are very different from the U.S. entrepreneurial ecosystem. We also delved deep into the potentials and business value of the metaverse, a concept of an immersive virtual world that aims to disrupt the way we do things in respect to learning, working, entertaining, socializing, shopping and forming connections. Lastly, we also had the opportunity to do corporate treks at global innovation hubs where we gained first hand exposure to a startup accelerator and learned how companies are embracing digital innovation to unlock business opportunities. 

Outside the classroom, the program agenda included cultural and social activities that submerged us in Spanish traditions and customs; we enjoyed a captivating Flamenco show, engaged in an outdoor paella cooking competition with local IE students and networked with Stern Alumnus and at a picturesque atop of Irreverent Restaurant. The highlight of the activities for me was the outdoor paella cooking competition—a team-building challenge where we had to first earn gold through winning games to acquire ingredients, and then compete to cook the most enjoyable paella. Although we had no prior experience in cooking paella, because of leadership, collaboration, communication, shared vision and ambition, my team and I won third place, instilling a newfound confidence in my culinary skills in Spanish cuisine. 

Alongside the academic itinerary, my classmates and I had the privilege of further immersing ourselves in the vibrant city of Madrid. We indulged in delectable Spanish cuisine and scrumptious churros with chocolate, watched a memorable Real Madrid vs Rayo Vallecano game (2-1) organized by our classmate, admired the grandeur of The Royal Palace, and reveled in the exhilaration of Madrid’s bustling nightlife and retail adventures at stores ranging from fast fashion to luxury fashion. 

As I reflect upon these unbelievable experiences and unforgettable memories, DBi Spain was truly a rewarding experience that went beyond expanding my knowledge and broadening my perspective of business on a global scale; the program allowed me to embrace new cultures, expand my horizons, nurture my growth, while also build new connections and forge lifelong friendships beyond the confines of a classroom. Traveling with classmates from both full-time and part-time programs provided me an opportunity to expand my network beyond my immediate program, fostering a diverse and inclusive academic environment and promoting a sense of unity within the community. In sum, DBi Spain was an extraordinary endeavor in my MBA journey at Stern, leaving an indelible impact on my personal and professional growth—one that I would do over and over again.

Posted on

My Experience in the NYU Impact Investing Fund

Isabella Felipa Schumann is a recent graduate who specialized in Corporate Finance and Strategy. Prior to Stern, Isabella spent three years in development at The Metropolitan Museum of Art, followed by two years as an investigative consultant at K2 Integrity. During her time at Stern, Isabella was a summer associate at Partner’s Group, a private equity firm, and during the academic year, she served as an MBA associate at Connectivity Venture Funds, a venture capital firm based in New York. Additionally, Isabella participated in a variety of experiential opportunities offered at Stern, and was AVP of Sponsorship of Stern’s PEVC Club. Isabella now works at Global Atlantic Partners as VP of Strategy and Business Development in NYC.

When I started my MBA journey in 2021, I was interested in exploring opportunities in the investment space, but as someone with a non-traditional background, I was unsure where to start. I knew that NYU Stern would provide me with endless opportunities to explore investing, develop relevant skills to succeed in the space, and take career risks that I may not have taken otherwise. One of the defining experiences of my time at NYU Stern that allowed me to do all three things was the NYU Impact Investing Fund (“NIIF”). 

Why NIIF

I have always had a passion for social impact which has manifested itself through community service work, pro-bono consulting with a focus on social enterprises and female-founded startups, and working in nonprofit organizations earlier in my career. NIIF was the perfect way for me to explore the intersection of a personal passion of mine and my professional ambitions. Additionally, I had the incredible opportunity to work with peers from Stern, NYU Wagner Graduate School of Public Service, and NYU Law School. Being part of a group of dedicated and ambitious individuals from different backgrounds was a huge part of what made NIIF such a great experience. 

Getting Involved

NIIF is the only MBA student-run venture organization in the country, which means that NIIF invests real money into real startups that we as participating students are sourcing, completing investment diligence on, and pitching to the investment committee. The program is structured as a one-year course through Stern and participation starts with an application the Spring before the Fall semester start date. Once you begin with NIIF, you are split into teams representing six different verticals – financial inclusion, environment, healthcare, aging, education, and food systems. I was a member of the education deal team along with five other peers. 

Phase I: Investment Thesis

We began our semester by developing an investment thesis highlighting the areas of education that we would like to invest in and other non-negotiables for NIIF, including a founding team representative of the community the company serves, and demonstrated impact in lockstep with revenue. From here, our team tapped into our networks to identify impact-driven early-stage startups that were actively raising a new round of fundraising. Once potential targets were identified, the team interviewed the founders and identified the companies that were most aligned with the team’s understanding of impact and the expectations of NIIF’s investment committee. 

Phase II: Due Diligence

The second stage of the process is defined by a funneling process where each deal team presents their chosen company to the other teams and to the investment committee. From there, two deal teams are chosen to continue with the NIIF investment process while the other teams are split between competing in the MBA Impact Investing Network & Training (“MIINT”) and managing previous investments made by NIIF. As a member of a deal team chosen to move forward in the NIIF process, this third phase was followed by a longer due diligence process where my team and I spent the coming months working with the NYU Law School clinic and the founder of our target company on the complex due diligence process. This included legal, financial, impact, and competitor diligence and identifying relevant investment risks in each of these areas. This was where we were challenged the most as a team, and pushed outside of our comfort zones to understand and evaluate different areas of the business. 

Phase III: Presentations

Finally, our team was one of two that pitched a target company to the NIIF Investment Committee in an in-person meeting with the three committee members and the support of our peers. The presentation featured information on our company, deep dives into the diligence that we completed, an emphasis on the demonstrated impact of the company, and a complete risk analysis with insights on how to minimize risks. By the end of the week, we were notified of the investment committee’s decision on which of the two deal teams had received NIIF’s investment. 

The entire process closely resembled the various investment processes that I have seen in both the private equity and venture capital spaces. I was able to see many parallels between my work at NIIF and what I have seen in various internship opportunities across investment firms. I can confidently say that my NIIF experience will not only be a highlight of my time at Stern, but will also be instrumental in my career development.