Faculty

Full-Time Faculty

Paul Asquith

Paul Asquith is the Gordon Y. Billard Professor of Finance and a Professor of Finance at the MIT Sloan School of Management.

Asquith is a specialist in corporate finance and a media source for the field of corporate finance and control, including mergers, dividend policy, financial distress, and market efficiency.  An empiricist, he investigates applied problems using real-world data … (read full bio)

Paul Asquith

Nittai Bergman

Nittai Bergman is an Associate Professor of Finance at the MIT Sloan School of Management.

Bergman’s research interests are in the fields of corporate governance, financial contracting, and behavioral corporate finance. His work focuses on the ways in which financial frictions driven by agency costs impede the ability of firms to raise capital, the methods firms use to alleviate these frictions, and the real effects implied by the residual frictions … (read full bio)

Nittai Bergman

Hui Chen

Hui Chen is the Jon D. Gruber Career Development Professor in Finance and an Assistant Professor of Finance at the MIT Sloan School of Management.

His research focuses on asset pricing and its connections with corporate finance. Chen is particularly interested in the interactions between the macro economy and term structure, credit risk, and corporate financing or investment decisions … (read full bio)

Hui Chen

John Cox

John Cox is the Nomura Professor of Finance and a Professor of Finance at the MIT Sloan School of Management.

A leading authority on corporate finance and finance theory, Cox has developed an inter-temporal financial model broad enough to include the fundamental underlying forces affecting financial markets. Using this framework, he has devised a theory of the term structure of interest rates … (read full bio)

John Cox

Xavier Giroud

Xavier Giroud is an Assistant Professor of Finance at the MIT Sloan School of Management.

Giroud teaches 15.402 Finance Theory II in the MIT Sloan MBA program.His research interests are in the area of corporate finance and corporate governance, and his current work examines how proximity between corporate headquarters and plants affects plant-level investment and productivity. Giroud’s recent work on the interaction between corporate governance and product market competition has been published in the Journal of Finance and the Journal of Financial Economics(read full bio)

Xavier Giroud

Rajkamal Iyer

Rajkamal Iyer is an Assistant Professor of Finance at the MIT Sloan School of Management.

Iyer’s research focuses on the area of banking and contract theory, with a particular interest in understanding the role of interbank markets in the provision of liquidity. Recent research projects include examining the factors that mitigate depositor incentive to run on banks and examining how market participants overcome frictions in contracting.

Iyer holds an MA in economics from Bombay University, an MSc in economics and finance from the London School of Economics, and a PhD in finance from INSEAD … (read full bio)

Rajkamal Iyer

Leonid Kogan

Leonid Kogan is the Nippon Telegraph and Telephone Professor of Management and a Professor of Finance at the MIT Sloan School of Management.

Prior to MIT Sloan, Kogan taught at the Wharton School of the University of Pennsylvania. During 2007–08, he was a senior researcher at Lehman Brothers … (read full bio)

Leonid Kogan

Andrew Lo

Andrew W. Lo is the Charles E. and Susan T. Harris Professor of Finance and the Director of the Laboratory for Financial Engineering at the MIT Sloan School of Management.

Prior to MIT Sloan, he taught at the University of Pennsylvania Wharton School as the W.P. Carey Assistant Professor of Finance from 1984 to 1987, and as the W.P … (read full bio)

Andrew Lo

Deborah Lucas

Deborah J. Lucas is the Sloan Distinguished Professor of Finance at MIT’s Sloan School of Management. Her recent research has focused on the problem of measuring and accounting for the risk of government financial obligations … (read full bio)

Deborah Lucas

Andrey Malenko

Andrey Malenko is an Assistant Professor of Finance at the MIT Sloan School of Management.

Malenko’s research focuses on corporate finance, applying option pricing to real investment analysis, and financial auctions. His recent work examines the differences between strategic and financial bidders in takeovers and the optimal design of capital budgeting practices in organizations … (read full bio)

Andrey Malenko

Robert Merton

Robert C. Merton is the School of Management Distinguished Professor of Finance at the MIT Sloan School of Management.

Merton is the University Professor Emeritus at Harvard University, and was the George Fisher Baker Professor of Business Administration (1988–98) and the John and Natty McArthur University Professor (1998–2010) at Harvard Business School. He previously served on the finance faculty of MIT Sloan from 1970 to 1988 … (read full bio)

Robert Merton

Konstantin Milbradt

Konstantin Milbradt is an Assistant Professor of Finance at the MIT Sloan School of Management.

His research interests are in financial economics, asset pricing, and financial intermediation. In particular, Milbradt is interested in the impact of liquidity frictions and institutional frictions on financial markets … (read full bio)

Konstantin Milbradt

Stewart Myers

Stewart C. Myers is the Robert C. Merton (1970) Professor of Finance at the MIT Sloan School of Management. 

His research is primarily concerned with the valuation of real and financial assets, corporate financial policy, and the financial aspects of government regulation of business … (read full bio)

Stewart Myers

Jun Pan

Jun Pan is the School of Management Distinguished Professor of Finance and a Professor of Finance at the MIT Sloan School of Management.

Pan researches derivatives markets, credit risk modeling, risk management, and the term structure of interest rates. She studies the impact of rare events on financial markets, as well as their implications for asset allocation … (read full bio)

Jun Pan

Stephen Ross

Stephen A. Ross is the Franco Modigliani Professor of Financial Economics and a Professor of Finance at the MIT Sloan School of Management.

He was previously the Sterling Professor of Economics and Finance at Yale University and, before that, a professor of economics and finance at the Wharton School of the University of Pennsylvania. Ross is also the chairman of Compensation Valuation, Inc … (read full bio)

Stephen Ross

Antoinette Schoar

Antoinette Schoar is the Michael M. Koerner (1949) Professor of Entrepreneurship and a Professor of Finance at the MIT Sloan School of Management.

An expert in corporate finance, entrepreneurship, and organizational economics, Schoar researches venture capital, entrepreneurial finance, corporate diversification, governance, and capital budgeting decisions in firms. She has received the Fellowship of the George Stigler Center, 1997–1999, and the ERP Doctoral Scholarship of the German Ministry of Trade, 1995–1997.

Schoar holds a diploma in economics from the University of Cologne, Germany, and a PhD in economics from the University of Chicago.

Antoinette Schoar

Adrien Verdelhan

Adrien Verdelhan is an Assistant Professor of Finance at the MIT Sloan School of Management. 

Verdelhan’s research focuses on measures of systematic risk in financial markets, particularly in currency markets … (read full bio)

Adrien Verdelhan

Jiang Wang

Jiang Wang is the Mizuho Financial Group Professor and a Professor of Finance at the MIT Sloan School of Management.

Wang’s research focuses on the pricing of financial assets and investment and risk management. He is currently working on the characterization of financial risks, the impact of liquidity on asset prices, optimal trading execution, and optimal portfolio choices … (read full bio)

Jiang Wang

Visiting Faculty

Douglas Breeden

Douglas T. Breeden is the Fischer Black Visiting Professor of Financial Economics and a Visiting Professor of Finance at the MIT Sloan School of Management.

He is also the William W. Priest Professor of Finance and former Dean (2001–2007) of Duke University’s Fuqua School of Business. He previously served on faculties at the University of Chicago, Stanford University, North Carolina University, and Duke University … (read full bio)

Douglas Breeden

Clifford Holderness

Clifford Holderness is a Visiting Professor of Finance at the MIT Sloan School of Management.

His research focuses on corporate governance and corporate finance, with a special interest in the role of large-block shareholders in public corporations. The topics he has written on include the pricing of large blocks of stock, the role of large shareholders in public corporations around the world, and the protection of minority shareholders from oppression by large shareholders.

Holderness has consulted on a variety of management projects and lawsuits addressing corporate governance, nonprofit control of for-profit corporations, mergers, and the oppression of minority shareholders by large shareholders … (read full bio)

Clifford Holderness

Eric Jacquier

Eric Jacquier is a Visiting Associate Professor of Finance at the MIT Sloan School of Management.

His research focuses on empirical asset pricing and financial econometrics. Jacquier is specifically interested in the forecasting of risk parameters, such as betas and volatilities, which are crucial for derivative pricing, as well as risk and portfolio management … (read full bio)

Eric Jacquier

Jonathan Lewellen

Jonathan Lewellen is a Visiting Associate Professor at the MIT Sloan School of Management. 

He is currently an Associate Professor of Business Administration at the Tuck School of Business at Dartmouth and teaches Capital Markets in Tuck’s MBA program … (read full bio)

David McLean

David McLean is a Visiting Assistant Professor of Finance at the MIT Sloan School of Management.

McLean’s research interests include corporate finance, law and finance, and limited arbitrage. His research is broadly focused on how capital market imperfections affect asset prices and corporate investment … (read full bio)

David McLean

Other Academic Staff

Randolph Cohen

Randolph B. (Randy) Cohen is a Professor at the MIT Sloan School of Management.

Cohen currently teaches Investments, an elective course for MIT Sloan MBA students. From 1998 to 2009, Cohen taught at Harvard Business School, most recently as an associate professor of finance … (read full bio)

Randolph Cohen

Phil Cooper

Phil Cooper is a Senior Lecturer in Finance at the MIT Sloan School of Management. 

Cooper has 30 years of experience in alternative asset management as an entrepreneur, principal investor, fund investor, and secondary investor … (read full bio)

John DeTore

John DeTore is a Senior Lecturer in Finance at the MIT Sloan School of Management, where he teaches Institutional Portfolio Management.

DeTore’s investing career began in the quantitative investing operation of the Boston Company, where he conceived of and built Wellington Management Company’s quantitative research effort. For more than eight years, he developed this effort into a unit that has produced a 1,000 basis point spread per year in buy versus sell recommendations … (read full bio)

John DeTore

Charles Kane

Charles Kane is a Senior Lecturer in Finance at the MIT Sloan School of Management.

Kane is the president of One Laptop per Child (OLPC), a nonprofit organization that provides technology to enhance education in less developed countries. Prior to OLPC, Kane was chief financial officer (CFO) of RSA Security (acquired by EMC); CFO of Aspen Technology; president and chief executive officer of Corechange Inc … (read full bio)

Charles Kane

Mark Kritzman

Mark P. Kritzman is a Senior Lecturer in Finance at the MIT Sloan School of Management.

Kritzman is also the president and chief executive officer of Windham Capital Management, LLC, and also serves as a senior partner of State Street Associates. He serves on the boards of the Institute for Quantitative Research in Finance and the Investment Fund for Foundations, and on the editorial boards of the Emerging Markets Review,the Financial Analysts Journal, the Journal of Alternative Investments, the Journal of Asset Management, the Journal of Derivatives, and the Journal of Investment Management(read full bio)

Mark Kritzman

Saman Majd

Saman Majd was Vice Chairman of Deutsche Asset Management when he retired from Deutsche Bank at the end of 2001. Prior to that, he was Global Head of Derivatives & Fixed Income Government Bond Trading in the Global Markets Division … (read full bio)

Saman Majd

Paul Mende

Paul Mende is a Lecturer in the Finance Group at the MIT Sloan School of Management.

Mende co-founded, co-owned, and served as director of research from 2002 to 2010 for Fort Hill Capital Management, LLC, a hedge fund specializing in equity derivatives and dedicated to quantitative research, trading, and risk management. Fort Hill actively participated in the launch and success of Bay Hill Fund LP and Bay Hill Capital Management LLC in 2007 as a multi-strategy volatility hedge fund … (read full bio)

John Minahan

John Minahan is Head of the Finance Track of the MBA Program, Acting Associate Director of the Master of Finance Program, and a Senior Lecturer in Finance at the MIT Sloan School of Management.  

His current research interests include pension liability valuation, investment decision making in group settings, the role of culture in shaping investment practices and beliefs, the integration of behavioral and quantitative approaches to risk management, and the role of professionalism in investment management and financial analysis.

Prior to MIT Sloan, Minahan was a senior investment strategist and director of research at NEPC, LLC, an institutional investment consulting firm … (read full bio)

John Minahan

John Parsons

John Parsons is a Senior Lecturer in Finance, the Executive Director of the Center for Energy and Environmental Policy Research, and the Executive Director of the Joint Program on the Science and Policy of Global Change at the MIT Sloan School of Management.

Before returning to MIT Sloan, Parsons was a vice president in the finance practice at the consulting firm of CRA, where for 10 years he worked with major international oil companies, mining companies, commodity processors, electric utilities, and international pharmaceutical companies, among others, on a wide variety of risk management and valuation matters. His research includes publications on theoretical and applied hedging and risk management problems as well as on specialized financial structures and security designs for large investments … (read full bio)

John Parsons

Eric Rosenfeld

Eric R. Rosenfeld is a retired hedge fund manager and was formerly the founding partner of The Quantitative Alternatives, LLC.; and before that the President of Paloma Partners Management Company (“Paloma”).  Prior to Paloma, he was a Principal and co-founder of JWM Partners, LLC (“JWMP”), an investment management firm based in Greenwich, CT … (read full bio)

Eric Rosenfeld

Jeffrey Shames

Jeffrey L. Shames is a Senior Lecturer in Finance and an Executive in Residence at the MIT Sloan School of Management.

He is the retired chief executive officer and chairman of MFS Investment Management and of the boards of trustees of the MFS Funds. Shames joined MFS in 1983 as an industry analyst, and was named a portfolio manager in 1985, chief equity officer in 1987, president and a member of the board in 1993, and chairman and chief executive officer (CEO) in 1998 … (read full bio)

Jeffrey Shames

Craig Stephenson

Craig Stephenson is a Senior Lecturer in Finance at the MIT Sloan School of Management.

Stephenson’s areas of interest and expertise include corporate finance, corporate governance, and corporate financial strategy. He has industry experience in the CFO organizations of Phillips Petroleum Company, Texas Instruments, and Dell Computer Corporation … (read full bio)

Craig Stephenson

Carl Stjernfeldt

General Partner, Castile Ventures

Carl Stjernfeldt has an investment focus on wired and wireless communications technologies and services, on advanced mobility solutions that provide secure high quality access to content and applications, and on next generation video delivery capabilities.

Prior to joining Castile, Mr. Stjernfeldt was a partner at Battery Ventures where he spent seven years investing in leading IT companies.  He currently participates on the board of Funambol … (read full bio)

Carl Stjernfeldt

MIT Sloan's reputation for strong academics combined with faculty who are dynamic thinkers and world leaders in their respective fields gives students a powerful and transformational academic experience.