John C. Heaton studies asset pricing, portfolio allocation, and time-series econometrics. He first became drawn to this area because he was "intrigued by the idea of understanding economic phenomena both to guide policy and to help people make better decisions." His research in these areas has earned him numerous fellowships, including an Alfred P. Sloan Research Fellowship from 1993 to 1995, and a National Science Foundation Fellowship from 1993 to 1998.

Prior to joining the Chicago Booth faculty in 2000, Heaton was the Nathan S. and Mary P. Sharp Distinguished Professor of Finance at Northwestern University's Kellogg School of Management. He also has held positions at MIT's Sloan School of Management and at the Hoover Institution. Heaton is a research associate of the National Bureau of Economic Research. The practical problems investors and institutions face are a key component of his teaching.

Originally from Canada, Heaton earned a bachelor's degree in commerce at the University of Windsor in 1982, a master's degree in economics from the University of Western Ontario in 1984, and a PhD in economics from the University of Chicago in 1989. He joined the Chicago Booth faculty in 2000. Outside of academia, Heaton enjoys music, skiing, and sailing.

Research Interests

Asset pricing; portfolio allocation; time series econometrics.

Academic Areas

  • Finance

Selected Publications

Working Papers

2021 - 2022 Course Schedule

Number Course Title Quarter
34901 Asset Pricing I 2021 (Autumn)
35130 Fixed Income Asset Pricing 2022 (Spring)
35000 Investments 2021 (Autumn)
35800 Investments 2022 (Summer)

2022 Executive Education Schedule

  Program Title  
  Certified Private Wealth Advisor® (CPWA®) Certification Learn More
  Chicago Booth CIMA Education Program Learn More
  Private Wealth Management Learn More