Steven J. Shapiro oversees the School of Management's Center for Risk Management, which prepares students for decision-making processes involving elements of uncertainty, and helps them identify risks and manage them effectively. He has been leading efforts to incorporate Bloomberg terminals and other technologies in New York Tech's curricula. Outside of class, as an economic and financial consultant, Shapiro serves as an expert witness in court, prepares external reports, and provides litigation support to attorneys.

Prior to New York Tech, Shapiro taught for more than 20 years at the University of New Haven. He was a senior economist at the New York Telephone Company and research analyst for the U.S. Department of Justice, Antitrust Division in the Economic Policy Office. Shapiro earned his Ph.D. in financial economics and master's degree in economics from Georgetown University. He received his bachelor's degree in economics and mathematics from the University of Virginia.


  • Shapiro, S.J., Kinkela, K. and Harris P. "Churning and Suitability of Investments: A Financial Industry Regulatory Authority Arbitration Case Study," Review of Business and Case Studies 3:1 2012.
  • Shapiro, S.J. "More Pitfalls in Determining the Reasonable Royalty in Patent Cases," Journal of Legal Economics, October 2011.
  • Harris P., Kinkela, K., Kutasovic, P., Malindretos, J., Shapiro, S.J. and Yun, J.K. "A Critical Evaluation of LIFO and a Review of Its Shortcomings," Academy of Taiwan Business Management Review, April 2011.
  • Shapiro, S.J. "Pitfalls in Determining the Reasonable Royalty in Patent Cases,, Journal of Legal Economics, October 2010.
  • Rodriguez, A.E. and Shapiro, S.J. "Risk-Adjusted Performance as a Rigorous Approach to Removing Subjectivity from Expert Assessments of Suitability," Journal of Business Valuation and Economic Loss Analysis, Volume 2(2) 2007.

Courses Taught at New York Tech

  • FINC 320 Advanced Financial Management
  • FINC 405 Modern Portfolio Theory
  • FINC 734 Analysis and Valuation of Equity Investments
  • FINC 740 Derivatives Analysis
  • FINC 765 Portfolio Management

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