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Kellogg Finance Department

The Finance Department is engaged in award-winning research and teaching on financial markets and institutions, as well as the financial decisions of firms, individuals, and governments.

The faculty is renowned for their theoretical and empirical work in a broad range of specialties, including asset pricing, corporate finance, capital market dynamics, household finance, macroeconomics, and econometrics. By declaring a Finance major, students build a strong base in these principles of finance to help launch successful careers. Kellogg’s innovative suite of experiential learning courses and labs offer students opportunities to apply their course work to real-world business processes with the guidance of faculty experts.

For more details on the finance major go the Finance Department’s Academic page here. For more details on the Finance Department’s experiential learning see the links on this page. Please reference the Kellogg Course Catalog for a complete listing of Finance and experiential courses.

Poised at the leading edge of finance theory and practice, our faculty members produce research that is consistently recognized in flagship journals.

Faculty research is consistently recognized in flagship journals. Faculty members also serve as editors of leading professional publications, setting the standards for new ideas in the field.

Finance PhD students on the job market
are listed here.
Finance Major

Learn more about classes in investments, corporate finance and private wealth management.
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Upcoming Events

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Featured Faculty Members

Nicolas Crouzet

New research looks at effects of policies proposed to address “short-termism” in financial markets.

Torben Andersen

Current work uses large sets of high-frequency data for volatility forecasting, portfolio choice, and risk management.

Janice C Eberly

Professor Eberly was recently elected Vice President of the American Economic Association.

Recent Finance Research

On the effects of restricting short-term investment
Nicolas Crouzet, Ian Dew-Becker, Charles Nathanson, Review of Financial Studies, 2020
Spatial Dependence in Option Observation Errors
Torben Andersen, Nicola Fusari, Viktor Todorov, Rasmus Varneskov, Econometric Theory, 2020
Capital Accumulation and Structural Transformation
Paula Bustos, Gabriel Garber, Jacopo Ponticelli, The Quarterly Journal of Economics, 2020
No Job, No Money, No Refi: Frictions to Refinancing in a Recession
John Mondragon, Anthony DeFusco, Journal of Finance, 2020
Technological Innovation, Intangible Capital, and Asset Prices
Dimitris Papanikolaou, Leonid Kogan, Annual Review of Financial Economics, 2020
The Cost of Being too Patient
Paola Giuliano, Paola Sapienza, American Economic Review, 2020
What is the Optimal Immigration Policy? Migration, Jobs and Welfare
Sergio Rebelo, Joao Guerreiro, Pedro Teles, Journal of Monetary Economics, 2020

Finance News

How Green Are Green Bonds?
Efraim Benmelech, Kellogg Insight, June 09, 2021
How Green Are Green Bonds?
Efraim Benmelech, Forbes, June 02, 2021
U.S. Firms Are Investing Heavily in Innovation, Yet Economic Productivity Has Slowed. Why?
Efraim Benmelech, Janice C Eberly, Dimitris Papanikolaou, Kellogg Insight, June 01, 2021
Is the Protestant Work Ethic Real?
Dean Karlan, Freakonomics, May 27, 2021
Why Employers Can’t Find Enough Workers —and 4 Things They Can Do
Phillip Braun, Forbes, May 26, 2021
Three Ways The American Rescue Plan May Help Struggling Americans
Scott R. Baker, Forbes, May 21, 2021

Find Your Fit

Our innovative portfolio of MBA programs helps our students find the ideal balance among professional, educational and personal goals. Wherever you are in your career – and your life – there’s a Kellogg MBA program that will help you grow professionally and personally.

Full-Time MBA Program

Evening & Weekend MBA Program

Executive MBA Program

Executive Education

MS in Management Studies

Doctoral Program

Certificate Program for Undergraduates


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