Outstanding Chicago Booth Faculty

The University of Chicago Booth School of Business has one of the most highly regarded faculty of any business school in the world. Our faculty members are not only world-class researchers and among the best teachers in the world, but they are also active consultants. They offer a blend of academic excellence, rigorous scholarship, real-world relevance, and practical application that provides participants with unparalleled opportunities to expand their horizons.

Instructional Methods

Chicago's teaching approach is rigorous, interactive, and dynamic. Faculty members present topics in a variety of ways, including lectures, case studies, and small group discussions, using a range of media. Our programs feature a web-based learning tool that helps participants prepare for getting the most out of their course, as well as extend their learning beyond the classroom with post-program follow up.

Dan Adelman

Charles I. Clough, Jr. Professor of Operations Management and John E. Jeuck Faculty Fellow

Dan Adelman is a leading expert in business analytics, helping firms and institutions deploy data and decision analysis to build world-class strategic and tactical management capabilities. He conducts research on foundations of the operations research field, as well as studies the link between operational performance metrics and financial performance. Recent projects include work on the electricity smart grid, gasoline supply chains, software-release planning, and healthcare delivery.

He leads the Healthcare Analytics Laboratory at Chicago Booth, in which teams of students work on real-world projects with providers to improve healthcare delivery through the analysis of large datasets. The lab has conducted projects in population health, hospital readmissions, bundled payment reimbursement, case mix optimization, hospital scheduling, nurse benchmarking, and others. He also serves on the faculty advisory board of the Harry L. Davis Center for Leadership. He publishes regularly and holds editorial positions in leading academic journals, including Area Editor for Operations Research, the flagship journal of the field. He teaches regularly in Chicago Booth's Executive MBA Program.

Adelman received a PhD in Industrial Engineering and Operations Research in 1997 from the Georgia Institute of Technology, where he also received a bachelor's degree in industrial engineering and a Master of Science in Operations Research. He is a recipient of the George B. Dantzig Prize for the best dissertation in any area of operations research and the management sciences that is innovative and relevant to practice. Adelman joined the Chicago Booth faculty in 1997.

Dean Alderucci

Adjunct Professor of Strategic Management

Dean Alderucci is an Adjunct Professor of Strategic Management at the University of Chicago Booth School of Business, where he teaches the Innovation Strategy and Business Applications of Natural Language Processing courses, and is faculty advisor to the Innovation Group at Chicago Booth. Dean is an innovation consultant with over fifteen years of experience encompassing two areas - processes for innovating and patent protection for innovations.

Dean was previously Vice President of Cantor Fitzgerald, a global financial services firm, where he founded and was Chief Operating Officer of its Innovation Division. Before that he was Senior Vice President of IP Strategy at Walker Digital, an R & D laboratory and business incubator known for creating and spinning off Priceline.com and over a dozen other technology start-ups. Dean operates in all phases of innovation, including teaching how to create new products and services, patent strategy, and commercialization of innovations. He teaches design thinking, ownable innovations, and other popular innovation methodologies. He also developed the field of formal processes for generating innovations that both are patentable and have maximum licensing value.

Dean is an inventor on more than 200 granted U.S. patents, and has been elected a Fellow of the National Academy of Inventors. His innovations span a wide range of fields including financial services, gaming, e-commerce systems, microprocessor design, firearms, machine learning, operating systems, and computer networking. Dean's research involves two areas. The first focuses on relatively unexplored areas at the intersection of operations and innovation. His principal research interests include formal strategy frameworks for inventing, applying operations research tools to corporate patent processes, the gaps between design thinking and competitive responses, and protection processes designed for extremely high-value inventions. His second research area is machine learning, including natural language processing and document data mining for patents and other legal documents.

Dean is a frequent speaker at educational institutions, corporations, and organizations on business innovation and management of corporate innovation processes. He has been a faculty member of various organizations that provide continuing legal education to attorneys. Dean is a registered patent attorney, is admitted to practice before various state and federal courts in the U.S., and is a Solicitor of the Senior Courts of England and Wales.

Dean holds Master of Science degrees from Columbia University in Computer Science, Applied Mathematics, and Operations Research, and a Master of Laws in Innovation & Information Law from New York University School of Law. He also holds B.S. and M.S. degrees in Computer Engineering from Boston University, where he graduated Summa Cum Laude and was inducted into the Tau Beta Pi Engineering Honor Society.

Andreas Angelopoulos

Associate Fellow, Saïd Business School, University of Oxford
Andreas has more than 25 years’ professional and academic experience in the finance sector.

He has worked in private equity (fund of funds and equity and debt co-investment), venture capital (growth equity), private equity (leveraged buyouts and growth capital), investment banking (leverage and principal finance) with Gestron Asset Management, Dresdner Kleinwort Benson, Englefield Capital (Bregal), and Commercial Capital. He has also worked in engineering (real estate and infrastructure) with Bechtel, Dames & Moore and Hochtief Group's companies in the USA and Europe.

In academia, Andreas served as an Executive Director of the Oxford Private Equity Institute and Programme Director of the Oxford Chicago Valuation Programme, Oxford Chicago Discussions and the Oxford Chicago Global Private Equity Challenge. He also founded the Oxford Saïd Finance Lab.

Andreas lectures at Saïd Business School and he taught as an Adjunct Professor in the University of Chicago's Booth School of Business and at Imperial College's Business School. Andreas has been a visiting lecturer at the University of Cambridge's Judge Business School and London School of Economics.

Andreas holds an MBA from The University of Chicago, an MSc in Engineering from Columbia University and a Diploma in Civil Engineering, from the University of Patras, Greece.

Susan Lucia Annunzio

President and CEO, The Center for High Performance

Susan Lucia Annunzio is President and Chief Executive Officer of The Center for High Performance (CfHP). She is a strategic advisor to CEOs of leading global companies on strategy attainment and business transformation. Susan partners with senior executives to increase their ability to simplify complex strategic decisions through enhanced collaboration and creativity. She is a globally recognized speaker and thought leader on shaping and maintaining high-performance business environments. She has a strong track record helping leaders maximize returns on strategic, financial and human-capital investments.

Previously, Susan ran the research-based high performance consulting subsidiary of Hudson Highland Group, Inc., a leading international professional staffing and talent management solutions firm.

Under her direction, Hudson Highland completed the most comprehensive global study of knowledge workers ever conducted regarding the factors that accelerate or stifle high performance. Susan has presented on this study at such prestigious venues as the World Economic Forum, The International Conference on Knowledge, Culture and Change at the University of Greenwich, and Vacature’s 2004 “Talent Economy” launch event in Belgium.

Susan has been an Adjunct Professor of Management at the University of Chicago Booth Graduate School of Business. She has been a guest lecturer at INSEAD business school in Fontainebleau, France, Kellogg Graduate School of Management and Instituto Empressa in Madrid. She also has taught at General Electric’s Crotonville Corporate Training Center.

She is the author of Contagious Success (Portfolio, 2004), a dynamic management book that revealed a global standard for high performance. Contagious Success was voted Fast Company’s Readers’ Choice selection in January 2005. Additionally, Susan authored two more prominent business books: Communicoding (Fine, 1990; Penguin USA, 1991) and Evolutionary Leadership (Simon & Schuster, 2001; Fireside, 2002).

She has been a guest on numerous local and national television and radio news programs and has been quoted extensively in the business press, including The Wall Street Journal, CNBC, BBC, USA Today and Bloomberg.

Susan is a member of the Economic Club of Chicago, the Executives’ Club of Chicago and the University of Chicago Women’s Business Group. She also works with the Metropolitan YWCA of Chicago and The United Way.


David Bach

Professor of Management Beyond the Market

The point where business and politics meet is the main focus of David Bach’s teaching and research activities. “Politics has always been important for business,” he says, “but owing to globalisation and new demands on companies, executives must more than ever engage in skillful political management.”

With considerable professional experience consulting for companies such as McKinsey, Bach watches with interest the way that globalisation and new technologies transform the business environment. The opening up of domestic industries and foreign markets has given companies tremendous new opportunities. However, new public scrutiny facilitated by the Internet and 24-hour news media combined with the need to simultaneously manage different social and political environments is posing fresh challenges. “As a result, the socalled ’non-market environment’ of business is becoming increasingly important for the formulation and implementation of strategy,” he adds.

His ability to join the dots between these interacting forces is also what comes through in his teaching, in courses such as business, government, and society, as well as in his work in leading academic journals, which have published his studies on industry self-regulation, the politics of Internet telephony, the transformation of the music industry, and China’s growing influence in the field of information technology. “There’s only a handful of people with a background in political science that make the transition to management education,” he says. “I’m fortunate to work at the intersection of two incredibly interesting fields.”

PhD in political science, University of California, Berkeley.
MA in political science, University of California, Berkeley.
BA in political science and international studies, magna cum laude, Yale University.
Professor of Strategy and Economic Environment, IE Business School, 2004 to present.
Academic Director of the International MBA Programme, IE Business School, 2004 to present.
Research Associate, Berkeley Roundtable on the International Economy, Berkeley, 1999 to 2004.
Teaching Assistant, University of California, Berkeley, 1999 to 2003.
Consultancy work with McKinsey, the Global Business Network and Political Intelligence, an international lobbying consulting firm.

Ray Ball

Sidney Davidson Distinguished Service Professor of Accounting

Over five decades since the genesis of modern Financial Economics, Ray Ball has pioneered its development in the area of Accounting. His 1968 Journal of Accounting Research paper, co-authored with Philip Brown, "An Empirical Evaluation of Accounting Income Numbers," revolutionized our understanding of the how firms’ earnings are related to their share prices, and is credited with laying the foundation for much of the subsequent accounting literature. In 1986 the paper received the American Accounting Association's inaugural award for Seminal Contributions to the Accounting Literature. The award stated: "No other paper has been cited as often or has played so important a role in the development of accounting research during the past thirty years.” In 2019 the paper received the Wharton-Jacobs Levy Prize for Quantitative Financial Innovation, “given biennially to recognize excellence in quantitative research that has contributed to a particular innovation in the practice of finance.”

Ball also is the author of "Anomalies in Relationships between Securities' Yields and Yield Surrogates," published in Journal of Financial Economics in 1978. This paper introduced Thomas Kuhn’s concept of an anomaly to the financial economics literature. It was the first documentation of systematic anomalies in the theory of efficient markets, which subsequently has burgeoned into a substantial literature. More recently, in 2015-20, together with Joseph Gerakos, Juhani T. Linnainmaa and Valeri Nikolaev, he published three papers in the Journal of Financial Economics extending this work.

Other foundational research includes "The Effect of International Institutional Factors on Properties of Accounting Earnings," co-authored with S.P. Kothari and Ashok Robin and published in Journal of Accounting and Economics in 2000, that has influenced much international accounting research. “Earnings Quality in U.K. Private Firms,” co-authored with Lakshmanan Shivakumar and published in Journal of Accounting and Economics in 2005, was influential in opening the accounting literature to researching firms that are not publicly traded. During 1972-85, working with his colleague Philip Brown, Ball oversaw construction of the first Australian financial databases and conducted foundational research on the Australian capital market. For his research, Ball was awarded honorary degrees by the Helsinki School of Economics, the Katholieke Universiteit Leuven, the University of Queensland, the University of London, and the University of New South Wales. He was elected to the Accounting Hall of Fame in 2009 and to the Australian Accounting Hall of Fame in 2018. In 2015, the Institute of Chartered Accountants in England and Wales made him its eighth Honorary Member. He was a Fulbright Scholar.

Ball serves on the Advisory Group for the Financial Reporting Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW). He has served on the Financial Accounting Standards Advisory Council (FASAC) of the Financial Accounting Standards Board (FASB), on the Shadow Financial Regulation Committee, and as a Trustee of Harbor Funds. Ball taught at the University of Queensland, Australian Graduate School of Management, London Business School and University of Rochester prior to rejoining Chicago Booth in 2000. He has served as a professor at the European Institute for Advanced Studies in Management.

He received a bachelor's degree in accounting from the University of New South Wales in Australia, and an MBA in 1968 and a PhD in economics in 1972 from Chicago Booth. His interests include reading, cooking, wine, clocks, cricket and rugby. Ball has been a Chicago Bulls fan for over 50 years.

Brian Barry

Clinical Professor of Economics

Brian Barry is Clinical Professor of Economics and Executive Director of Chicago Booth's Initiative on Global Markets. The IGM looks broadly at global movements of capital, products and talent in the modern economy, by examining how these markets work, their effects, and the way they interact with policies and institutions.

Barry was a journalist for The Economist from 1994 to 2007, acting as a US correspondent, Tokyo bureau chief, Southeast Asia correspondent, management correspondent in London, and finance-and-economics correspondent in Washington. As a US correspondent, he traveled broadly across the American interior, writing about politics, business, and economic and social trends.

Barry attended Swarthmore College, where he earned a bachelor's degree in economics with a minor in political science and graduated with honors in 1989. He earned a master of science degree from the University of Rochester's Simon School of Business in 1994, where he also received a National Doctoral Fellowship.

Manuel Becerra

Professor in Strategy and International Management, IE Business School

Metaphorically speaking, Manuel Becerra puts on a different hat for each of his three activities - teaching, research and consulting - for he believes that they should all be approached differently.
"There is certainly some overlap," he says. "But a researcher needs to think through assumptions and hypotheses. A teacher must convey ideas in clear ways. And a consultant must help solve problems for business. So we have three audiences. We should be proficient in communicating with all three and they require different approaches."

An important audience for the business school professor consists of the readers of academic journals, and Prof Becerra has contributed to publications such as the Academy of Management Review, Management International Review and Organization Science.

However, material developed through writing, research, consulting and teaching can be applied elsewhere, and Prof Becerra's knowledge of corporate strategy, internationalization and organisational processes means that he is now highly valued by leading companies as a professor for their executive programmes.

But again, he says that dealing with top executives is very different from the MBA classroom experience. "In the MBA, like most of the faculty here, I teach a lot of theory through cases," he explains. "But top executives don't want theory - they want you to help solve their specific problems."

Academic Background

PhD in Strategic Management, University of Maryland, College Park, USA.
MSc in Management, University of Southern California, Los Angeles, USA.
Degree in Economics and Business Administration, Universidad Complutense de Madrid, Spain.

Academic Experience

Head of School, Marketing and Management, Adelaide Business School The University of Adelaide, since September 2014
Professor of Strategic Management and International Management, Instituto de Empresa, Spain, 1999 to present
Visiting Professor, Fudan University, Shanghai, China, 1999 to 2002
Associate Professor of Strategy and International Management, Norwegian School of Management, Norway, 1998 to 1999

Phil Berger

Wallman Family Professor of Accounting

Phil Berger served on the faculty of the Wharton School from 1991 – 2002 (including as a tenured Associate Professor from 1998 – 2002) before joining Booth as a tenured Full Professor on July 1, 2002. His research focuses on financial reporting and corporate finance, he has published in all the top peer reviewed accounting and finance journals, and he has been an editor of Journal of Accounting Research for over 15 years. Berger has chaired or served on the dissertation committees of many top accounting students from Booth who currently work at such top schools as Harvard, MIT, Wharton, Stanford, Columbia, Ohio State, Washington University, UCSD, and others. Having recently completed a three-year term as Deputy Dean for Booth’s part-time MBA programs (evening, weekend, and EMBA), he continues serving as the Director of Booth’s Accounting Research Center.

His teaching interests are mainly in financial accounting, financial statement analysis, and empirical accounting research. His teaching experience covers undergraduate, MBA, executive, and Ph.D. courses. While at Wharton, he won every MBA teaching award that the Wharton School offers. At Chicago Booth, he has been awarded the 2011 Phoenix Prize.

Berger holds Ph.D. and MBA degrees from the University of Chicago as well as undergraduate and graduate degrees from the University of Saskatchewan, Canada.

Marianne Bertrand

Chris P. Dialynas Distinguished Service Professor of Economics and Willard Graham Faculty Scholar

Marianne Bertrand is the Chris P. Dialynas Distinguished Service Professor of Economics at the University of Chicago Booth School of Business. She is a Research Fellow at the National Bureau of Economic Research, the Center for Economic Policy Research, and the Institute for the Study of Labor.

Professor Bertrand is an applied micro-economist whose research covers the fields of labor economics, corporate finance, and development economics. Her research in these areas has been published widely, including numerous research articles in the Quarterly Journal of Economics, the Journal of Political Economy, the American Economic Review, and the Journal of Finance.

Professor Bertrand is Faculty Director of Chicago Booth’s Rustandy Center for Social Sector Innovation and the Faculty Director of the Poverty Lab at the University of Chicago Urban Labs. Professor Bertrand also serves as co-editor of the American Economic Review.

She has received several awards and honors, including the 2004 Elaine Bennett Research Prize, awarded by the American Economic Association to recognize and honor outstanding research in any field of economics by a woman at the beginning of her career, and the 2012 Society of Labor Economists’ Rosen Prize for Outstanding Contributions to Labor Economics. She is a Fellow of the American Academy of Arts and Sciences.

Born in Belgium, Professor Bertrand received a Bachelor's Degree in economics from Belgium's Universite Libre de Bruxelles in 1991, followed by a Master's Degree in econometrics from the same institution the next year. She moved to the United States in 1993 and earned a Ph.D. in economics from Harvard University in 1998. She was a faculty member in the Department of Economics at Princeton University for two years before joining Chicago Booth in 2000.