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Core economics training is critical for students doing research in financial economics, and advances in financial economics have important implications for other areas of economics.

As a student in our Joint Program in Financial Economics, you’ll work with thought leaders in both economics and finance and follow your research interests wherever they lead. Leveraging courses and resources in the Finance dissertation area at Chicago Booth and the university’s Kenneth C. Griffin Department of Economics, you’ll build a foundation for research at the intersection of finance and economics.

Our Distinguished Finance and Economics Faculty

As a student in the joint program, you’ll work with professors and classmates in both the  Department of Economics and the PhD Program in Finance at Chicago Booth. Faculty bring research expertise in a wide range of fields and serve as mentors to PhD students.

Department of Economics Faculty

See the Full List of Economics Faculty

Finance Faculty

Emanuele Colonnelli

Assistant Professor of Finance; Liew Family Junior Faculty Fellow and Fama Faculty Fellow

Wenxin Du

Associate Professor of Finance and Fama Faculty Fellow

Niels Gormsen

Neubauer Family Assistant Professor of Finance and Asness Junior Faculty Fellow

Lars Peter Hansen

David Rockefeller Distinguished Service Professor The University of Chicago Departments of Economics, Statistics and the Booth School of Business

Zhiguo He

Fuji Bank and Heller Professor of Finance and Jeuck Faculty Fellow

Steven Neil Kaplan

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance and Kessenich E.P. Faculty Director at the Polsky Center for Entrepreneurship and Innovation

Anil Kashyap

Stevens Distinguished Service Professor of Economics and Finance

Yueran Ma

Assistant Professor of Finance and Liew Family Junior Faculty Fellow

Pascal Noel

Neubauer Family Assistant Professor of Finance and Kathryn and Grant Swick Faculty Scholar

Lubos Pastor

Charles P. McQuaid Professor of Finance and Robert King Steel Faculty Fellow

Amir Sufi

Bruce Lindsay Professor of Economics and Public Policy

Quentin Vandeweyer

Assistant Professor of Finance

Pietro Veronesi

Deputy Dean for Faculty and Chicago Board of Trade Professor of Finance

Robert W. Vishny

Myron S. Scholes Distinguished Service Professor of Finance and Neubauer Faculty Director of the Davis Center

Luigi Zingales

Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance, and Charles M. Harper Faculty Fellow

Eric Zwick

Associate Professor of Finance and Fama Faculty Fellow

A Network of Support

Doctoral students at Booth have access to the resources of several interdisciplinary research centers that offer funding for student work, host workshops and conferences, and foster a strong research community.

Becker Friedman Institute for Economics
Bringing together researchers from the entire Chicago economics community, the Becker Friedman Institute fosters novel insights on the world’s most difficult economic problems.

Center for Research in Security Prices
CRSP maintains one of the world’s largest and most comprehensive stock market databases. Since 1963, it has been a valued resource for businesses, government, and scholars.

Fama-Miller Center for Research in Finance
Tasked with pushing the boundaries of research in finance, the Fama-Miller Center provides institutional structure and support for researchers in the field.

George J. Stigler Center for the Study of the Economy and the State
Dedicated to examining issues at the intersection of politics and the economy, the Stigler Center supports research by PhD students and others who are interested in the political, economic, and cultural obstacles to better working markets.

Initiative on Global Markets
Enhancing the understanding of business and financial market globalization, IGM positions Chicago Booth as a thought leader in the understanding of ever-changing markets and improves financial and economic decision-making around the world.

Rustandy Center for Social Sector Innovation
Committed to making the world more equitable and sustainable, the Rustandy Center works to solve complex social and environmental problems. The center’s student support includes fellowships, research funding, and networking opportunities.

Alumni Success

Our PhD graduates lead successful careers in prestigious academic settings, such as the Stanford Graduate School of Business and London Business School, as well as in leading financial institutions, including the International Monetary Fund.

Valentin Haddad, PhD ’12

Assistant Professor of Finance
UCLA Anderson School of Management

Valentin Haddad's research focuses on how the decisions of people and financial institutions interact to shape the prices we observe in financial markets. He graduated from the Joint Program in Financial Economics.

The PhD Experience at Booth

Maryam Farboodi, PhD ’14, talks about how the Booth faculty challenged her to focus her research on issues that are applicable to the current financial sector.

Current Financial Economics Students

Students in Chicago Booth’s Joint Program in Financial Economics focus their PhD research on a vast array of issues, from state-government borrowing costs to wealth inequality to climate policy. They go on to positions at leading academic institutions and global financial organizations.

Spotlight on Research

Chicago Booth Review regularly highlights the research findings of Booth faculty and PhD students in financial economics.

What Makes Economic Downturns so Long and Painful?

Research by Chicago Booth’s Douglas W. Diamond and Raghuram G. Rajan and University of North Carolina’s Yunzhi Hu, a recent Booth PhD graduate, suggests that what banks demand from corporate borrowers may help explain the length and severity of economic busts.

How to Apply

To join the Joint Program in Financial Economics, you will need to be admitted to both the doctoral program in the Department of Economics and the PhD Program in Finance at Chicago Booth. However, you need only apply to one or the other program. Learn more about applying to Chicago Booth or to the Department of Economics.

Program Requirements

Learn more about the Joint Program in Financial Economics at Chicago Booth.
See Program Requirements