THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS - Key Persons
Job Titles:
- Stevens Distinguished Service Professor of Economics and Finance
Anil Kashyap is the Stevens Distinguished Service Professor of Economics and Finance at the University of Chicago's Booth School of Business. His research focuses on financial intermediation and regulation, the Japanese economy, macroeconomics and monetary policy. He co-founded the U.S. Monetary Policy Forum (the leading private sector conference on US Monetary policy) and is a research associate for the National Bureau of Economic Research, and a research fellow for the Centre for Economic Policy Research. He is a co-director of the Chicago Booth Kent A. Clark Center on Global Markets.
He has advised numerous government and international organizations, including the Cabinet Office of the Japanese Prime Minister, the European Central Bank, the Swedish Riksbank, the International Monetary Fund, the United States Congressional Budget Office and the Federal Reserve Banks of Chicago and New York. He has testified before the U.S. Congress and the U.K. Parliament. From 2016 to 2022, he was an external member of the Bank of England's Financial Policy Committee.
He has taught courses on Corporation Finance, Advanced Macroeconomics, Understanding Central Banks, Analyzing Financial Crises and Anti-Money Laundering Laws. He won the Emory Williams Award for Teaching Excellence at Chicago Booth in 2014.
Among the various awards he has received is the "The Order of the Rising Sun, Gold Rays with Neck Ribbon" from the Emperor of Japan, and appointment as an honorary Commander of the Most Excellent Order of the British Empire (CBE) from the King of England. He received his Bachelor's degree from the University of California at Davis and his PhD in economics from the Massachusetts Institute of Technology. He is a first-generation Indian American.
Job Titles:
- Senior Global Director, Global Career and Leadership Development Executive MBA Program
Job Titles:
- Independent Trustee
- Deputy Dean for Faculty and Sidney Davidson Distinguished Service Professor of Accounting
- Deputy Dean for Faculty at the University
Douglas J. Skinner is Deputy Dean for Faculty at the University of Chicago Booth School of Business and Sidney Davidson Distinguished Service Professor of Accounting. He is a leading expert in corporate disclosure practices, corporate financial reporting, and corporate payout policy.
Skinner joined the Booth faculty in 2005. He has served as Deputy Dean for Faculty since 2015 and served as Interim Dean in 2016-17. He was responsible for the construction and financing of the University's Hong Kong campus, the home of Booth's EMBA program in Asia, completed in 2018. Prior to joining Chicago Booth, Skinner served on the faculty of the Ross School of Business, University of Michigan.
Skinner is an independent trustee and chairs the audit committee for Harbor Funds and ETF Trust, a mutual fund and ETF complex that offers a variety of actively-managed mutual fund and ETF products. From time to time he serves as an expert financial economist in litigation involving complex accounting, anti-trust, securities, and tax matters.
Skinner holds a bachelor's degree in Economics with first class honors in Accounting and Finance from Macquarie University in Sydney and a master's degree and PhD in Applied Economics from the University of Rochester.
Skinner's research addresses a variety of topics in financial accounting, auditing, and corporate finance, focusing on the capital markets/valuation effects of firms' financial policies. His research is published in leading academic journals including the Journal of Accounting and Economics, the Journal of Accounting Research, The Accounting Review, the Journal of Finance, and the Journal of Financial Economics.
Skinner previously served as editor of the Journal of Accounting Research and the Journal of Accounting and Economics, both top tier academic accounting journals.
Skinner has extensive experience teaching in Booth's MBA, EMBA, Executive Education, and PhD programs. He currently teaches Managerial Accounting in Booth's EMBA program and Empirical Research Methods in Booth's PhD program. He has previously taught Corporate Finance and Valuation, Financial Accounting, and Financial Statement Analysis. He has advised PhD students who have taken faculty positions at Cornell, Harvard, Michigan, MIT, Wharton, Stanford, London Business School, among other top schools around the world.
Job Titles:
- Distinguished Service Professor of Accounting
Fama received the Nobel Prize in Economic Sciences for his groundbreaking research on efficient markets. He shared the prize with Lars Peter Hansen and Robert J. Shiller.
Becker's analysis would extend the reach of economics, and completely reshape the field-and social-science research in general, but it took decades to do so.
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- Current Hong Kong Student
Current Hong Kong student Gopi Krishna Saladi shares how he prepares for a week of Executive MBA class from his home in India.
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- Distinguished Service Professor of Marketing and Charles E. Merrill Faculty Scholar
Jean-Pierre Dubé is the James M. Kilts Distinguished Service Professor of Marketing at the University of Chicago Booth School of Business. Professor Dubé is also director of the Kilts Center for Marketing at Booth, a Research Associate at the National Bureau of Economic Research and a faculty fellow at the Marketing Science Institute. From 2008-2010, he was a research consultant for the Yahoo! Microeconomics Research group. He has been working as a research consultant with Amazon since 2018.
His research interests lie at the intersection of industrial organization and quantitative marketing. He has conducted empirical studies on the formation of consumer preferences for branded goods, price discrimination, advertising, food deserts and nutrition policy, and the role of misinformation in consumer demand. This empirical focus is also reflected in his MBA course on pricing strategies, which is designed to teach students how to apply marketing models and analytics to develop pricing strategies in practice. Several of his recent research projects are in collaboration with companies in the US and in China.
Dubé's work has been published in the American Economic Review, Econometrica, The Journal of Marketing Research, The Journal of Political Economy, Management Science, Marketing Science, Quantitative Marketing and Economics, the Quarterly Journal of Economics and The Rand Journal of Economics. He is currently Department Editor at Management Science, and has previously served as an area/associate editor for The Journal of Marketing Research, Management Science, Marketing Science, and Quantitative Marketing and Economics. He was the recipient of the 2023 Hillel J. Einhorn Excellence in Teaching Award, the Chicago Booth Class of 2016 Phoenix Award for service to the extracurricular and community activities of the graduating class, the 2008 Paul E. Green Award for Best paper in the Journal of Marketing Research and of the 2005 Faculty Teaching Excellence Award for Evening MBA and Weekend MBA Programs at the Chicago Booth. He was also the recipient of several MSI Research Grants, a Kauffman grant, and a Yahoo! Faculty Research Grant.
Dubé earned a bachelor's degree from the University of Toronto in quantitative methods in economics in 1995, a master's degree in economics in 1996, and a PhD in 2000 from Northwestern University. He joined the Chicago Booth faculty in 2000.
Job Titles:
- Director of the Macro Finance Research Program at the Becker Friedman Institute for Economics
- Expert
- Professor
Lars Peter Hansen is a leading expert in economic dynamics who has made fundamental advances in our understanding of how economic agents cope with changing and risky environments.
But Hansen wasn't always academically inclined. Born in Urbana, Illinois, he attended high school in Utah, where he struggled in school and brought home report cards with double check marks for "does not respect authority." It was only when he enrolled as an undergraduate at Utah State University that he discovered an affinity for scholarly work.
"I met some great teachers who took a genuine interest in me and encouraged my talents and my thinking," he later recalled. "They had a big influence on me."
Inspired by his professors, he combined his undergraduate studies in political science and mathematics with an accelerated curriculum in economics. Later, at the University of Minnesota, he supplemented his PhD in economics with math courses in analysis, probability theory, and statistics.
As a researcher, he has drawn on his background in math and statistics to add to our understanding of the macroeconomy. For example, he has contributed to the development of statistical methods designed to explore the interconnections between macroeconomic indicators and assets in financial markets-methods that are widely used in empirical research in financial economics today. It was those contributions that earned him the Nobel Prize in 2013.
Hansen's most recent work focuses on uncertainty and its relationship to long-term risks in the macroeconomy. He is part of a team that has designed methods for modeling economic decision-making in environments in which uncertainty is hard to quantify. "While uncertainty is unavoidable and pervasive in our lives, in many discussions of economic analysis and policy, it unfortunately takes a back seat," he said. "We should instead push uncertainty to the forefront of our thinking."
Professor Hansen is the faculty director of the Macro Finance Research Program at the Becker Friedman Institute for Economics at the University of Chicago.
To learn more about Professor Hansen and engage with him on social media, visit his website and follow him on Twitter.
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- Dean
- Dean and George Pratt Shultz Professor of Accounting
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- Director of Public Relations and Communications
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- Director, Corporate Relations
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- Director, Employer Relations
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- Chief Investment Strategist at Janus Henderson Investors
Scholes shared the Nobel Prize in Economic Sciences in 1997 with Robert C. Merton for a new method of determining the value of derivatives.
Myron S. Scholes developed a method of determining the value of derivatives, the Black-Scholes formula, with Fischer Black, who died two years before Scholes was recognized with the Nobel Prize. This methodology paved the way for economic valuations in many areas. It also generated new financial instruments and facilitated more-effective risk management in society.
Scholes is widely known for his seminal work in options pricing, capital markets, tax policy, and the financial services industry. He is the Frank E. Buck Professor of Finance Emeritus at the Stanford University Graduate School of Business.
Scholes is also the chief investment strategist at Janus Henderson Investors, and is chairman of the board of economic advisors of Stamos Capital Management. He previously served as chairman of Platinum Grove Asset Management, which he cofounded in 1999, as well as on the Dimensional Fund Advisors board of directors.
Scholes was born in 1941 in Timmins, Ontario. He became interested in economics through his parents and relatives. As a young man, he developed an eyesight impairment. In his Nobel Prize autobiography, Scholes recalled that as a result of his limited ability to read for extended periods of time, "I learned to think abstractly and to conceptualize the solution to problems. Out of necessity, I became a good listener-a quality appreciated by subsequent associates and students." Luckily, an operation when he was 26 years old improved his eyesight.
While at McMaster University, where he majored in economics, Scholes became acquainted with the work of George Stigler and Milton Friedman. Scholes enrolled at the University of Chicago and studied with Eugene F. Fama and Merton Miller, while earning his MBA at Booth in 1964 and his PhD in 1970.
In 1968, as he was wrapping up work on his PhD, Scholes accepted a job as an assistant professor of finance at MIT's Sloan School of Management. At Sloan, he met Fischer Black, at the time a consultant working for management consultant firm Arthur D. Little, and the two embarked on a productive research partnership.
After a visiting stint at the University of Chicago during 1973-74, Scholes returned to his graduate institution as the Edward Eagle Brown Professor of Finance at Booth from 1974 until 1983. During that time, he also became involved with the Center for Research in Security Prices (CRSP), where he served as director.
In 1983, Scholes moved to the Stanford Graduate School of Business.
"My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And there was no doubt in my mind that if he were still alive, he would have been a corecipient of the Nobel Prize."
Job Titles:
- Faculty Group Finance, Accounting
Job Titles:
- Deputy Dean for Faculty
- Deputy Dean for Faculty and Chicago Board of Trade Professor of Finance
- Professor
Pietro Veronesi is the Chicago Board of Trade Professor of Finance at the University of Chicago, Booth School of Business. He is also a research associate of the National Bureau of Economic Research and a research fellow of the Center for Economic and Policy Research. Additionally, he is a former director of the American Finance Association and co-editor of the Review of Financial Studies.
Veronesi conducts research that focuses on asset pricing, stock and bond valuation under uncertainty, bubbles and crashes, return predictability and stochastic volatility. Most recently, he has been interested in studying, both theoretically and empirically, the interaction between government interventions and the behavior of asset prices. His work has appeared in numerous publications, including the Journal of Political Economy, American Economic Review, Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He is the recipient of several awards, including the 2015 AQR Insight award, the 2012 and 2003 Smith Breeden prizes from the Journal of Finance; the 2008 WFA award; the 2006 Barclays Global Investors Prize from the EFA; the 2006 Fama/DFA prizes from the Journal of Financial Economics; and the 1999 Barclays Global Investors/Michael Brennan First Prize from the Review of Financial Studies.
In summer 2020, Professor Veronesi co-founded PREDOC (Pathways to Research and Doctoral Careers, https://predoc.org), a consortium of universities and research institutions that aims to foster a talented and diverse pipeline of students in doctoral programs. PREDOC members work together to expand the talent pool, and to inform, engage, mentor, and educate undergraduates from any background to help them be competitive in the market of pre-doctoral research assistants ("pre-docs"), and in doctoral programs.
Professor Veronesi teaches both masters- and PhD-level courses. He is the recipient of the 2009 McKinsey Award for Excellence in Teaching.
His undergraduate work was in economics at Bocconi University where he received a laurea magna cum laude with honor in 1992. He earned a master's degree with distinction in 1993 from the London School of Economics. He joined the Chicago Booth faculty upon obtaining his PhD in Economics from Harvard University in 1997.
Job Titles:
- Katherine Dusak Miller Distinguished Service Professor of Finance
Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School. Prior to that, he was the 23rd Governor of the Reserve Bank of India from 2013 to 2016, as well as the Vice Chairman of the Board of the Bank for International Settlements from 2015 to 2016. Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund from 2003 to 2006.
Dr. Rajan's research interests range from banking and monetary policy to corporate finance, political economy, communities, and economic development. He co-authored Saving Capitalism from the Capitalists with Luigi Zingales in 2003. He then wrote Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010. In 2019, his book, The Third Pillar: How Markets and the State Leave the Community Behind was a finalist for the Financial Times/McKinsey Business Book of the Year Award. His most recent book, with Rohit Lamba, is Breaking the Mold on reimagining India's economic future.
Dr. Rajan was awarded the inaugural Fischer Black award for the best financial economist under the age of 40 in 2003, the Deutsche Bank prize for financial economics in 2013, the Euromoney Central Bank Governor of the Year in 2014, and Banker magazine's Global Central Bank Governor of the Year in 2016.
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- Deputy Dean for Executive Programs and Norman R. Bobins Professor
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- Deputy Dean for MBA Programs
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- Associate Dean of Career Services
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- Faculty Group Machine Learning
Job Titles:
- Senior Associate Director, Global Career and Leadership Development Executive MBA Program
Merton H. Miller liked to tell a joke about Yogi Berra, the famous baseball catcher. Berra once told his trainer that he was particularly hungry, and he instructed him to cut his pizza into 12 pieces instead of six.
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- Research Staff Alumni - Download Here