Paola Sapienza is the Donald C. Clark/HSBC Chair in Consumer Finance Professor at the Kellogg School of Management. She also serves as a faculty research fellow in the National Bureau of Economic Research's program on corporate finance and political economy and a research affiliate of the Center for Economic Policy Research.
Sapienza's areas of expertise include banking and financial institutions, behavioral economics, behavioral finance, corporate finance, emerging markets and regulation of financial markets, private equity and venture capital. Her work has been published in such journals as the American Economic Review, the Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, and Science. She has been featured in the Thompson Reuter/Clarivate list of most influential scientific minds in 2014, 2015, 2016, and 2018. Professor Sapienza has been an Associate Editor at the Journal of Economic Perspectives, Management Science, and the Journal of Finance. She is a Fellow of the European Corporate Governance Institute (ECGI) and she was elected director of the American Finance Association in 2011 for a three year term. She served on the board of the Academic Female Finance Committee (AFFECT) of the American Finance Association for four years, from 2015 to 2019
She received a bachelor's degree in economics from Bocconi University, and an MA and PhD in Economics from Harvard University.
Professor Sapienza was an independent board member of Assicurazioni Generali SpA, a publicly listed insurer, from April 2010 to May 2019. During this period, she was also a member of the investment and strategic committee, the audit and risk committee. Since April 2021, she is an independent director in TIM Group.
This course offers an experiential learning opportunity in private equity. Following an interviewing process with host firms, if accepted, students will be placed as an intern with a PE firm, where they will work for two days each week for 10 weeks. All students commit to complete at least 150 hours of work during the quarter. Many host firms are in the Chicago area, where students are expected to work on-site two days/week, and other firms are remote, with most work completed remotely, and on-site work is usually limited few days during the quarter. Work is not compensated, but out-of-pocket expense reimbursements may be requested. Students meet in class only twice: during the morning of the first and last Wednesdays of the quarter. There are required readings and a project report that summarizes work completed for the PE firm, which is due at the end of the quarter. Course registration is by application only, which must be submitted directly to the application site approximately eight weeks before the quarter starts. Students do not need to bid for this course, but admittance to PE Lab is determined based on interviews with host firms and acceptance by the Professor.
For other recommended courses consult the Private Equity Pathway.
More information can be found on the Heizer Center webpage.Registration for this course is by application only
This course offers students an experiential learning opportunity in the venture capital industry with a focus on all aspects of the venture space, including venture capital funds, corporate venture, seed, incubators, and social venture. A separate program within Venture Lab provides opportunities for students to intern at Venture Capital portfolio companies, where the work focus is on operational functions and product management. Following an interviewing process with host firms, if accepted, most students will be placed as an intern with a venture-related firm or portfolio company in the Chicago area, where they will work for two days each week for 10 weeks. Some students will be placed at a remote firm in another state, with limited on-site work. All students commit to complete at least 150 hours of work during the quarter, which is not compensated (but out-of-pocket expense reimbursements may be requested). A project report based on work for the firm is due at the end of the quarter. Students will meet in class only twice: during the first and last Wednesday mornings of the quarter. Course registration is by application only, which must be submitted directly to the application site approximately eight weeks before the quarter starts. Students do not need to bid for this course, but admittance to Venture Lab is determined based on interviews with host firms and acceptance by the Professor.
For other recommended courses consult the Venture Capital Pathway
More information can be found on the Heizer Center webpage Registration for this course is by application only.
Note: This course may not be dropped once the student has been matched with a host firm.