City in the Big Apple
The purpose is to encourage students to develop international perspectives on economic and business reporting, reflecting the increasingly globalised nature of business and finance.
It is a new departure for the Financial Journalism programme, which is collaborating with some of the world's leading universities in other world financial centres, in order to develop a deeper understanding of how to cover the dramatic changes taking place in the world economy.
Hosted by NYU Carter School of Journalism's Business and Economic Reporting faculty, the students will attend classes covering the US economy, the debate over growing inequality, financial regulation and the mortgage crisis. In addition, they will meet the CEO of the New York Times, the Editor-in-Chief of the Wall Street Journal and visit the Federal Reserve Bank of New York.
The summer school programme is the second to take place this year, with students having already visited Beijing and Shanghai in April. In China the students began their trip in Beijing based at Tsinghua University's Global Business Journalism department before joining up with Fudan University in Shanghai.
Meanwhile City University's Journalism Department hosted NYU students in London in May who studied the euro-crisis, the austerity plan in the UK, and visited the Bank of England, the Economist, Thomson Reuters and the BBC.
The programme was established through a generous grant from the Marjorie Deane Financial Journalism Foundation. The Marjorie Deane Foundation is also supporting the NYU student trip to London.
In addition to funding the establishment of the programme, the Marjorie Deane Foundation made available travel subsidies for all students wishing to participate in either programme.
The programme is led by Professor Steve Schifferes, who will be joining the students in New York and Linda Lewis, who accompanied the class to China. Professor Schifferes is Marjorie Deane Professor of Financial Journalism and the Course Director for the MA in Financial Journalism, whilst Linda Lewis, the summer school director, has been Acting Director of Broadcasting, and is the Programme Director, MA Broadcast and Television Journalism.
Professor Schifferes says: 'This new programme demonstrates the attractiveness of City's financial journalism programme to leading journalism departments around the world. It is a vital component in our educational approach which stresses the global nature of business and economic coverage, and provides valuable insights into the two key financial world financial centres to supplement our own close ties with London as a leading financial and media centre."
Linda Lewis added, "This has been an exciting opportunity to expose students to other cultures, with different approaches to the media and business affairs. The fantastic collaboration we have established with leading journalism schools in China and New York has enabled students to combine the best of academic teaching with practical experience in both these centres."
Steve Solomon, NYU's Marjorie Deane professor and the director of the Business and Economic Reporting programme, commenting on the experience of NYU students at City, said: Many thanks for all your meticulous planning and for your warm hospitality. It was indeed a great week of learning (and fun) for the students. I know from talking with them that the visit was very successful.
Feedback from the students that visited China was extremely positive with comments such as:
A great experience that gave me a huge insight into China that I didn't have before."
"The trip to China was really good. I was glad it lasted two weeks and that we went to two different cities, as it gave us a lot of understanding about the differences between them in their approach to markets and political coverage."
"It was a complete educational, cultural and social adventure. I am grateful that we got the opportunity this year to attend the summer school in two different places - it has been an invaluable learning experience."
"I loved every minute of it."
For more information on the MA Financial Journalism please visit the webpages.