David Milberg | New York Post Pandemic and Thriving

Financier David Milberg is a resourceful man who continues to shine when dealing with numbers. His professional success is apparent through his work in the finance sector at Milberg Factors but also by serving on the boards of many arts organizations in NYC both before and throughout the pandemic struggle. He has supported musical theater endeavors of all kinds since his undergraduate years at Princeton University,  including a few Broadway investor credits to his name.

David Milberg’s Finance Career

David Milberg began his financial career after finishing his studies at Princeton University in 1986. His career began in the spring of 1987, working with Bankers Trust Company as an analyst in loans sales and syndications.

David assisted Bankers Trust by marketing the bank’s loans to finance large leveraged buyouts of a variety of businesses, such as  Kohl’s Department Stores, Ralphs Supermarkets, and Northwest Airlines.  He was promoted to associate at Bankers Trust because of his exceptional work. Milberg left Bankers Trust after he was accepted to study and earn his master’s degree at Columbia Business School.

Columbia Business School

David Milberg received his undergraduate education at Princeton University, where he pursued a Bachelor of Arts in History. Although he had graduated from an Ivy League school and was working in New York City, Milberg felt that it was not enough. So in 1989, Milberg went back to school to earn a master’s degree in business administration at Columbia University. With an MBA, he knew that he could expand his professional opportunities in the finance industry. David Milberg therefore sought and earned an MBA in 1991.

David Milberg worked tirelessly while at Columbia, and he achieved notable success. David Milberg stood out from his classmates by receiving a spot on the Business School’s Dean’s list all four semesters that he attended Columbia. He was also asked to be a teaching assistant in the corporate finance department.

David Milberg Working with Lehman Brothers

David Milberg’s ascent in the financial services industry grew steadily through the summer of 1990. That summer, he began working as a summer associate at Lehman Brothers Holdings Inc. Lehman Brothers was a leading financial service firm in New York City.

David Milberg displayed notable talent, and he earned a permanent position at Lehman Brothers following his graduations from Columbia Business School. He graduated in 1991 and took his position at Lehman Brothers. He rose through the ranks and was promoted to vice president within less than five years.

Working at Lehman Brothers gave David Milberg the chance to work on several types of transactions, including follow-on stock offerings, initial public offerings, private placements, rights offerings. David Milberg initially focused on natural resources companies, but he later shifted to Media and Communications.

David Milberg Factoring With His Father

During David Milberg’s time at Lehman Brothers, his father began urging him to start a new career. Leonard Milberg, the father of David Milberg, strongly wanted his son to work at the family’s New York City factoring firm, Milberg Factors, Inc. The family business had been in place since the time of David Milberg’s grandfather. Leonard Milberg assured David Milberg that working with the family business was well-intentioned. David Milberg‘s stay and service at Milberg Factors was an unquestionable way of molding him for Milberg Factors’ presidency. David Milberg trusted the wisdom of the man that raised him. So he began a new career with Milberg Factors, Inc.

True to his word, Leonard Milberg promoted David Milberg to be the president of Milberg Factors, Inc. David Milberg brought significant change to the family firm.  He steered the modernization efforts, and the firm started evolving into a contemporary firm. He established a local area network and made access to the internet more accessible. David Milberg also adapted the use of email and developed online client reports for Milberg Factors, Inc. David Milberg supervised the improvement of Milberg Factors, Inc.’s 401K plan. David Milberg also made critical decisions that helped the company to acquire and maintain prominent clients.

David Milberg’s Passion in Broadway

David Milberg is a creative man that has grown to love the arts. David Milberg took a year’s leave from college to pursue theater professionally. David Milberg worked at Theater for the New City and Playwrights Horizons. He did not stop there, since college, he has invested in numerous Broadway productions.  He invested in Mel Brooks’s wildly hilarious hit musical comedy “The Producers”. The musical opened on April 19, 2001, at the St. James Theatre in Manhattan’s Theater District. The music, together with the lyrics were composed by Mel Brooks. The show was based on Brooks’ 1967 film with a similar name.  “The Producers” played for 2,502 performances and 33 previews.

David Milberg has been involved with other production teams of other shows, such as the Diana Paulus-directed revival of Pippin.

David Milberg’s Current Involvements

In addition to his work in finance, David Milberg serves on the Board of Directors of  Prospect Theater Company.  He is also involved in the activities of the Lincoln Center Business Council.

The Coronavirus pandemic affected people differently. Many relocated, but David Milberg still lives in New York City.   David Milberg continues to work for Milberg Factors Inc. David Milberg has never stopped loving the arts. He is excited to see Broadway reopen and hopefully flourish once again.

About David Milberg

David Milberg is an experienced financial analyst and entrepreneur from New York City. Milberg is a proud father of three kids. Milberg graduated from Princeton University with a BA in History and graduated from Columbia University with an MBA. David Milberg currently serves as a Senior Vice President at Milberg Factors, Inc.

 

Over his tenure at Milberg Factors, David has also been involved in numerous not-for-profit activities. In light of David’s charitable work, he was honored in 2000 by the accountants and bankers division of Big Brothers Big Sisters of New York and by the Metropolitan Jewish Geriatric Foundation. David Milberg has also been active in the Lincoln Center Business Council.

 

David Milberg has invested in such major Broadway productions as Mel Brook’s The Producers and the hit revival of Pippin directed by Diane Paulus and starring Tony Award Winner Patina Miller at the Leading Player. David sits on the Board of Trustees for The Prospect Theater Company and is a fervent supporter of the Lincoln Center Theater. David Milberg also presently serves on the Board of Trustees of the Princeton Triangle Club, where he was Vice-Chairman.

 

David Milberg has a rich, varied background in musical theater and live stage performance.

 

Follow David on Twitter, Instagram, or Pinterest @davidmilbergnyc.

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