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Yankees Draft Stevens Finance Student, and More – New York News

Yankees Draft

Let’s explore some of the most interesting stories that have emerged from New York business schools this week.


From Ducks to a Dynasty: Yankees Draft Stevens Ace, a Star on Field and in Business ClassesStevens Institute of Technology News

For the first time in nearly half a century, a student from the Stevens Institute of Technology was selected in the MLB Draft.

Charlie Ruegger, a junior in the school’s Quantitative Finance program, was drafted by the New York Yankees in the latter rounds of the 2018 draft, going in the 33rd round, 997th overall. In the midst of a demanding QF course load, Ruegger managed to earn Pitcher of the Year honors in the Empire 8 Conference with an 8-2 record. Stevens Ducks coach Kristaps Aldins prepared Ruegger “for the professional scouts who traveled to Dobbleaar Field to watch the Ducks and their star pitcher in action.”

Ruegger notes, “I learned to not overthink or try to do something I wouldn’t ordinarily do just because scouts are watching. You have to stay within yourself and keep your focus.”

While Ruegger’s focus turns to the Yankees, he is still very much interested in pursuing a QF career down the line.

“The professional minor-league life can be long and taxing. It’s important to me that, when the time is right, I can walk away from playing baseball and be able to move right into the business world.”

You can read the full article here.

Putting a Business Idea to the TestRutgers Business School Blog

The Rutgers Business School‘s Sulis team, whose innovative solar-powered water purification system recently swept the Hult Prize regional competition, is now crowdfunding to “pilot the business in India this summer.”

Team member Anurag Modak was the catalyst for the idea, which he hoped would “address the global issue of water scarcity through technology.”

The article notes that the Sulis team hopes to “market the technology to parts of the world plagued by inadequate water supplies or lacking adequate water purification.”

You can read the full article here and learn more about Sulis and the team’s crowdfunding campaign here.

Professor Anindya Ghose Comments on Facebook’s Effectiveness as a Crowdfunding PlatformNYU Stern News

The Wall Street Journal recently interviewed NYU Stern Professor of Marketing and IOMS Anindya Ghose about value of Facebook as a platform to get the word out about crowdfunding initiatives.

“An average Facebook user logs in multiple times a day… and if [the campaign] is right up in your face every time you log in, the probability you see it is high. So, I give a lot of credit to a platform like Facebook for amplifying content like this.'”

You can read the full Wall Street Journal article here (paywall).

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