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Posts published in “Issue 4: December 2021”

B-School Newspaper Coalition: December Roundup

Last semester, The Oppy wanted to reach out to other business school newspapers around the country to get a sense of how they’re running their papers. After countless emails and Zoom meetings, we have discovered that out of the top 20 MBA programs in the U.S., there are only three schools with still-active graduate business newspapers: HBS, Booth, and of course, yours truly, Stern. The three editors-in-chief from these newspapers decided to form a coalition and have been having monthly meetings to share ideas and content. The Oppy is going to share with you some of the best articles from their monthly issues.…

The Rise of Business Development Companies

Lately, there has been a lot of buzz surrounding business development companies and people’s preference toward them as opposed to investment banks. Business development companies are essentially publicly traded closed-end funds that provide capital appreciation and income. BDCs give smaller companies the capital they need for growth. They are independent and answer to their own board of directors. BDCs are a combination of an investment company and an operating company that provide financing to small- and mid-sized businesses.

Small to mid-sized businesses prefer BDCs to investment banks because investment banks are highly regulated by the Federal Reserve. BDCs represent a transparent portfolio of loans that can be traded publicly with little to no regulation.…

Chameleon Lifestyle

By Erin Pace

In the animal world, adaptation is key to survival and chameleons are king. Similarly, Adaptation is an aim on the Intercultural Development Continuum. The below continuum portrays the spectrum on which one’s intercultural competence may fall.  Most humans must consciously work to achieve Adaptation, the highest form of intercultural competence. 

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Source: Intercultural Development Inventory Report

The Intercultural Development Inventory (IDI) is the assessment that many of us took when we first arrived at Stern.* This test revealed where we fell on the above Intercultural Development Continuum. For the most part, we learned that we are not great at interacting with other cultures and we need to do better in order to thrive in our increasingly multicultural business and personal worlds.…

Sternies Abroad: Thanksgiving Mexico Edition

“Ocean fire,” as described by my partner (pictured)

Every year around October I can expect a massive group text from my family inviting me to the annual thanksgiving dinner at Aunt Amany’s house. Though my generation is the first born in America, our Thanksgiving is mostly similar to a conventional one – lots of family, lots of food, football on TV, kids on their cellphones and mother-in-laws critiquing their son’s wives, discussing how the season feels uncharacteristically warm again (trend anyone?).

This year, my partner and I decided to do something different – go to Mexico and avoid the whole thing.…

Stern Faculty Spotlight Presents: Professor Marc DeBevoise

“You want to be engaged in what you do. Passion can be a hobby, but engagement ensures you’ll be excited about it, so you’ll work harder and network better.” 

This month’s Stern Faculty Spotlight is Marc DeBevoise, who has had an illustrious career in digital media and technology. He received his MBA from Stern, where he specialized in Entertainment, Media and Technology. He then went on to build a career in digital media, first as an executive at CBS and ViacomCBS through the digital revolution and into the current age of direct-to-consumer streaming, and more recently as the CEO of CBS Interactive and Chief Digital Officer of ViacomCBS.…

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