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New York University
Leonard N. Stern School of Business

44 West 4th Street
New York, New York 10012
United States

In the school's own words...

At NYU Stern, our philosophy as a management education institution is to instill a sense of social responsibility into our MBA students who will be required to make ethical business decisions, effectively lead people and manage their company’s relationship with the larger community.

Stern was one of the first business schools to require an ethics course more than 30 years ago as part of its curricular requirements. Faculty across disciplines teach it and author the textbook for which the course is named, "Professional Responsibility."

NYU Stern offers a specialization in Social Innovation and Impact and gives students access to the Social Impact Internship Fund, which provides funding to Stern MBA students who pursue summer internship opportunities in the social sector. NYU Stern has also officially "gone green," with the creation of a cross-functional task force, the Stern Campus Greening Initiative, which works to devise and implement sustainability initiatives throughout the School at both the graduate and undergraduate levels.

We launched a comprehensive initiative in 2003 under our Markets, Ethics and Law Program called The Citi Leadership and Ethics Program, made possible through the generous support of the Citi Foundation. A hallmark is the annual appointment of a distinguished fellow, recognized for his or her activism in business ethics. Students interact frequently with the fellow throughout the year. Fred Krupp, head of the Environmental Defense Fund, is serving as the program’s sixth distinguished fellow, following in the footsteps of five previous fellows: Arthur Levitt, John Biggs, Harvey Goldschmidt, Charles D. Ellis and Alice Tepper Marlin.

At Stern, we don’t believe that learning begins and ends in the classroom. Our students express their social consciousness while putting into practice the business knowledge they’re gaining through their MBA program experience. Through our Stern Consulting Corps program, Stern MBAs provide pro-bono management and consulting services to small minority-owned businesses and not-for-profit groups serving the New York City community. Students also take on leadership roles in the social impact arena through numerous student clubs, including the Social Enterprise Association, a chapter of Net Impact.

To help shape the future of the dynamic field of social entrepreneurship, Stern launched the Student Social Venture Fund in 2004. The Student Social Venture Fund is a grant-making entity managed by NYU graduate students from the business, law and public policy schools, and is the first student-managed fund-of-its-kind at a U.S. business school. The Fund serves as a catalyst for social change by supporting organizations that are committed to improving the social and economic position of underserved communities in New York City. In addition to providing financial support, the Fund is highly engaged with its grantees through strategic, technical and managerial assistance to help maximize its social return.

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