Scott Taitel

Scott Taitel
Clinical Associate Professor of Public Service

Scott Taitel is Clinical Associate Professor of Public Service and Director of Social Finance at NYU Wagner.  

As the former Chief Operating Officer for the Clinton  Foundation’s Enterprise Partnership, Professor Taitel was responsible for establishing Impact Investment funds and the creation and oversight of a portfolio of social enterprises throughout the developing world.  At the Clinton Foundation, he also had responsibility for the financial, operational and project management of economic development, health and nutrition projects in multiple countries.  Prior to joining the Clinton Foundation,  Professor Taitel was a Managing Partner of Waypoint Investments, a venture capital firm, where he developed an international investment portfolio and served in interim management roles in portfolio companies.  

His prior experience also includes roles as Chief Operating Officer for TASKING B.V., a Netherlands based software company with operations in six countries; CFO and Vice President of Active Control eXperts, an Inc. 500 OEM manufacturer of piezoelectric motion control devices and as Vice President of Intermetrics Microsystems Software, Inc. a software developer with operations in the US, Europe and Asia.  His earlier career was as an economic development planner with both City and Community Action Agencies.

Professor Taitel has a Bachelor's degree in Policy Studies from Syracuse University and an MBA from Northeastern University where he taught various Financial Management courses for 15 years as an adjunct faculty member.

Semester Course
Fall 2016 PADM-GP.2147.001 Corporate Finance and Public Policy

This course introduces students to the main areas of corporate finance and how they relate to policy issues and discussions. The course covers topics in the three main areas of corporate finance: 1) capital structure (financing choices), 2) valuation (project and firm valuation) and 3) corporate governance (optimal governance structures). We will analyze how public policy, through taxes, public expenditures and regulation, affect these aspects of corporate finance. The course will additionally explore how key economic events have shaped public policy and influenced corporate financial practices. Case analysis will be used to enable students to understand practical application of the corporate finance theory introduced in the course and will also incorporate discussion of corporate finance in the context of social enterprises. 


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Fall 2016 PADM-GP.2311.001 Social Impact Investment

This course provides an introduction to the impact investment landscape, the evolution of impact investment as an asset class and the opportunities and challenges for investors seeking meaningful impact investment vehicles. The course will also teach the process by which an investor performs financial due diligence on a social enterprise to render a responsible investment decision. Students will learn the entire impact investment process from deal sourcing to investment structuring to monitoring financial and social returns.  Through a combination of readings, case studies, class discussion and projects, students will gain deep insight into the perspective of the venture philanthropist and the impact investor (including NGO managers). The course will explore the impact investment financial environment including pioneering concepts such as Social Impact Bonds, successes and failures to date, mobilization of investors, allocation of capital, and the prospects for the future of impact investing. The course will explore impact investment both domestically and in the developing world.


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Spring 2016 PADM-GP.2312.001 Managing Financial and Social Returns of the Social Enterprise

This course will explore best and evolving practices in the financial management and impact measurement of social enterprises.  The class will be taught from the perspective of the social entrepreneur and social enterprise manager and introduce cases to assess financial challenges, fiscal performance and financing strategy of pioneering firms with a social mission.  We will explore trends, successes and failures in managing enterprises to achieve both financial and social returns.  Measuring social impact in tandem with financial performance will be a core component of the course with topics including triple bottom line accounting, impact measurement, impact reporting and correlation between operating performance and impact sustainability.  Students will be introduced to accounting and reporting methods necessary to responsibly calculate and communicate financial and social returns to investors and stakeholders. This course will delve into the financial, operational and strategic management of social enterprises in domestic and international settings including developing nations. 


Download Syllabus
Spring 2016 PADM-GP.2311.001 Social Impact Investment

This course provides an introduction to the impact investment landscape, the evolution of impact investment as an asset class and the opportunities and challenges for investors seeking meaningful impact investment vehicles. The course will also teach the process by which an investor performs financial due diligence on a social enterprise to render a responsible investment decision. Students will learn the entire impact investment process from deal sourcing to investment structuring to monitoring financial and social returns.  Through a combination of readings, case studies, class discussion and projects, students will gain deep insight into the perspective of the venture philanthropist and the impact investor (including NGO managers). The course will explore the impact investment financial environment including pioneering concepts such as Social Impact Bonds, successes and failures to date, mobilization of investors, allocation of capital, and the prospects for the future of impact investing. The course will explore impact investment both domestically and in the developing world.


Download Syllabus
Spring 2016 HPAM-GP.2855.001 Budgeting for Health Professionals

The focus of this course is on the budget process for health care organizations. Participants are exposed to specific techniques of health care budgeting and variance analysis. The objectives for this course are for participants to improve their understanding of the budget process as it applies to health care organizations and to learn valuable specific techniques of budgeting and variance analysis. This course accomplishes its objectives by covering a wide range of budgeting topics from introductory through advanced. The course is provided in an online format.

The course has six weeks of lessons. Each week there are approximately 3 hours of Lessons using video imaging, audio, and power point slides. Students watch and listen to these Lessons online at their convenience via a Blackboard website. During each week students participate in online discussions focusing on not only the Lessons, but also readings and homework problem sets that are assigned for that week. Students taking the course for Graduate credit are required to email homework assignments each week.

Topics covered include an introduction and overview of health care budgeting covering basic definitions, purposes, and uses of budgets in health care, the long range plan, programming, operating budgets, capital budgets, and fixed and variable costs. A nursing unit operating budget is examined in detail. Additional topics covered include zero based budgeting, cost estimation and forecasting, break-even analysis, performance budgeting, flexible budget variance analysis and capital budgeting. Health care examples and applications are used throughout all parts of the organization.

Another objective of the course is to provide a working knowledge of the Excel computer software program to class participants who are not already conversant in Excel. Tutorial lessons in Excel are provided covering the basic mechanics of Excel, Excel graphs (charts), and budgeting applications of Excel.


Download Syllabus
Spring 2016 HPAM-GP.2855.001 Budgeting for Health Professionals

The focus of this course is on the budget process for health care organizations. Participants are exposed to specific techniques of health care budgeting and variance analysis. The objectives for this course are for participants to improve their understanding of the budget process as it applies to health care organizations and to learn valuable specific techniques of budgeting and variance analysis. This course accomplishes its objectives by covering a wide range of budgeting topics from introductory through advanced. The course is provided in an online format.

The course has six weeks of lessons. Each week there are approximately 3 hours of Lessons using video imaging, audio, and power point slides. Students watch and listen to these Lessons online at their convenience via a Blackboard website. During each week students participate in online discussions focusing on not only the Lessons, but also readings and homework problem sets that are assigned for that week. Students taking the course for Graduate credit are required to email homework assignments each week.

Topics covered include an introduction and overview of health care budgeting covering basic definitions, purposes, and uses of budgets in health care, the long range plan, programming, operating budgets, capital budgets, and fixed and variable costs. A nursing unit operating budget is examined in detail. Additional topics covered include zero based budgeting, cost estimation and forecasting, break-even analysis, performance budgeting, flexible budget variance analysis and capital budgeting. Health care examples and applications are used throughout all parts of the organization.

Another objective of the course is to provide a working knowledge of the Excel computer software program to class participants who are not already conversant in Excel. Tutorial lessons in Excel are provided covering the basic mechanics of Excel, Excel graphs (charts), and budgeting applications of Excel.


Download Syllabus
Fall 2015 PADM-GP.2147.001 Corporate Finance and Public Policy

This course introduces students to the main areas of corporate finance and how they relate to policy issues and discussions. The course covers topics in the three main areas of corporate finance: 1) capital structure (financing choices), 2) valuation (project and firm valuation) and 3) corporate governance (optimal governance structures). We will analyze how public policy, through taxes, public expenditures and regulation, affect these aspects of corporate finance. The course will additionally explore how key economic events have shaped public policy and influenced corporate financial practices. Case analysis will be used to enable students to understand practical application of the corporate finance theory introduced in the course and will also incorporate discussion of corporate finance in the context of social enterprises. 


Download Syllabus
Fall 2015 PADM-GP.2242.001 Financial Management for International Organizations

This course builds on the themes, concepts and theories covered in the Core Financial Management course and provides students the opportunity to apply that knowledge to an international context. Case methodology will be utilized to examine financial management practices of NGOs and Non-Profit entities throughout the world. Through these cases, we will look at international NGOs and Non-Profit organizations' approach to cash flow management, capital budgeting, cost analysis and allocation, investment management, the analysis of new programmatic investments, project finance, currency management and strategic financial analysis.


Download Syllabus
Fall 2014 PADM-GP.2242.001 Financial Management for International Organizations

This course builds on the themes, concepts and theories covered in the Core Financial Management course and provides students the opportunity to apply that knowledge to an international context. Case methodology will be utilized to examine financial management practices of NGOs and Non-Profit entities throughout the world. Through these cases, we will look at international NGOs and Non-Profit organizations' approach to cash flow management, capital budgeting, cost analysis and allocation, investment management, the analysis of new programmatic investments, project finance, currency management and strategic financial analysis.


Download Syllabus
Fall 2013 PADM-GP.2242.001 Financial Management for International Organizations

This course builds on the themes, concepts and theories covered in the Core Financial Management course and provides students the opportunity to apply that knowledge to an international context. Case methodology will be utilized to examine financial management practices of NGOs and Non-Profit entities throughout the world. Through these cases, we will look at international NGOs and Non-Profit organizations' approach to cash flow management, capital budgeting, cost analysis and allocation, investment management, the analysis of new programmatic investments, project finance, currency management and strategic financial analysis.


Download Syllabus
Fall 2012 PADM-GP.2242.001 Financial Management for International Organizations

This course builds on the themes, concepts and theories covered in the Core Financial Management course and provides students the opportunity to apply that knowledge to an international context. Case methodology will be utilized to examine financial management practices of NGOs and Non-Profit entities throughout the world. Through these cases, we will look at international NGOs and Non-Profit organizations' approach to cash flow management, capital budgeting, cost analysis and allocation, investment management, the analysis of new programmatic investments, project finance, currency management and strategic financial analysis.


Download Syllabus