Should NYU faculty and their dependent children receive full tuition remission?
The Polytechnic Institute of NYU has been actively trying to improve the economic situation, notably through its participation in a business incubator designed to stimulate innovation and entrepreneurship in New York City.
Recently NYU-Poly announced the dedication of the Gerstein Fisher Research Center for Finance and Risk Engineering, an initiative that focuses on pioneering research that addresses important, real-world financial issues and risks.
"This center, unlike other centers, is special because it focuses on personal finance; not only financial markets and issues for banks and financial institutions, but includes the individual," said Charles Tapiero, head of the finance and risk engineering department .
Although Tapiero was originally named director of the center, he said he resigned from the position Sept. 15 for "personal reasons" and the new director has not been named yet.
Tapiero said NYU Poly was a good fit to house the center.
"Technology is a bridge between science and reality," he said. "Financial engineering is what we do at Poly; this is not what other people do. We are much more embedded."
According to Tapiero, both faculty and students will be able to participate in research at the center.
However, Tapiero said the program is short on faculty and lacks certain resources. He said the program hopes to accomplish a lot this semester, but much depends on their resources.
"If we have money, we will be able to do more," Tapiero said. "We have almost no faculty, so we need faculty and resources."
Qi Wang, an NYU-Poly graduate student in the class of 2011, said he is excited about the center and believes its location outside of Manhattan can prove to be an advantage.
"Different financial surroundings may be needed by the finance and risk engineering research," Wang said.
Although Wang said the premise of the new research center does not align with his area of study at NYU Poly, he looks forward to the center's impact on the school.
"Something new may be generated after this expansion because Poly has a new voice," Wang said.
A little confused
Sep 18, 2009
11:09 a.m.
I'm a little confused about the location of this center. Professor Tapiero is first quoted saying "Financial engineering is what we do at Poly; this is not what other people do. We are much more embedded," but then is quoted saying "We have almost no faculty, so we need faculty and resources." Aren't these two statements completely contradictory? If financial engineering is what they do, how can there be almost no faculty? How can something like this be started without any apparent participation by faculty and students from Stern? Is this going to be yet another example of wasteful and inefficient duplication of programs across the different NYU schools?
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