October 16, 2013
New York University’s Arthur L. Carter Journalism Institute has established a chaired professorship in financial journalism with a gift from the Marjorie Deane Financial Journalism Foundation.
However, unlike many chaired professorships, funding for the position will support Carter Journalism Institute students.
The Deane Foundation gift of £250,000 (approximately $400,000) will be used to help defray expenses associated with existing faculty, freeing up money to pay for a range of student-focused programs and fellowships for those enrolled in the institute’s Master’s program in Business and Economic Reporting (BER).
These include the creation of Marjorie Deane Fellows—students wishing to pursue careers in business journalism who will receive funding to help cover tuition and living costs—as well as an annual Marjorie Deane Lecture.
In addition, the Marjorie Deane Foundation gift will finance stipends for BER students involved in an annual summer London program run in conjunction with City University London’s Department of Journalism. Under this program, NYU’s BER students will spend a week each spring studying at City University London, where they will take intensive seminars on the financial systems of the United Kingdom and the European Union. Students from the City University London’s business journalism program, which also receives support from the Marjorie Deane Foundation, in turn will spend a week studying at NYU.
Stephen D. Solomon, founder and director of BER, will hold the inaugural Marjorie Deane Professorship in Financial Journalism at the Carter Journalism Institute.
“Marjorie Deane was passionately interested in journalism and American finance—and she loved New York,” said John Micklethwait, the editor-in-chief of The Economist and a Trustee of the Foundation. “She would have been thrilled that the foundation that she set up has now appointed Stephen Solomon as the first Marjorie Deane Professor of Financial Journalism at NYU. All the trustees are very confident that he will build on the success the foundation has already had in encouraging people to learn more about financial journalism in Britain.”
“This generous gift from the Deane Foundation will be a tremendous asset in helping to prepare our students for careers in business journalism,” added Michael Laver, NYU’s dean for the social sciences. “As our economy becomes increasingly globalized, developing an understanding of financial systems abroad is vital to any training in the journalism field.”
The London-based Marjorie Deane Financial Journalism Foundation aims to advance the education of the public in financial and monetary theory and institutions and financial journalism. It was established in honor of Marjorie Deane (1914-2008), who reported for the Economist for more than four decades. For more, click here.
NYU’s BER program was established in 1999 to educate students whose goal is to report and write about business, finance, and economics. Students take a curriculum split between business journalism courses at NYU’s Carter Journalism Institute and MBA courses at NYU’s Leonard N. Stern School of Business. After graduation, students have gone on to work at news organizations such as The Wall Street Journal, Dow Jones Newswires, Reuters, Bloomberg, Forbes, Barron’s, The Financial Times, CNN Money, and Business Insider. For more on the Arthur L. Carter Journalism Institute, click here.
Type: Press Release
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