From the Finance Ph.D. Liaison

Welcome to the Anderson finance area. We offer a collaborative experience intended to help you think like a scholar in finance. The program is selective and highly rigorous. We expect our students to develop a passion and tenacity for excellent research in finance, and prepare them for a lifetime of research and teaching in finance. You will find the field exciting and stimulating. We offer a diverse array of faculty interests in corporate finance, macroeconomics and asset pricing, as well as behavioral finance, and can assure you that no matter what your interests, there will faculty that represent those fields. We expect our graduates to do us proud by doing high quality research and teaching, and by making us proud, wherever they go."

Avanidhar Subrahmanyam, Ph.D.
Distinguished Professor of Finance,
Goldyne and Irwin Hearsh Chair in Money and Banking

Milestone Publications


Alumni Success


Joshua D. Coval (’97)

Jay O. Light Professor of Business Administration, Harvard Business School

First academic placement: University of Michigan Business School

Joshua Coval's current research investigates the structured finance market and how investor reliance on ratings and unsound pricing models led to the spectacular rise and collapse thereof. His research awards include the 2000 and 2005 Smith-Breeden Prize for the best paper in the Journal of Finance. His research has been featured in The Economist, the Wall Street Journal, the New York Times, the Chicago Tribune, Time, Money Magazine and Financial Times.

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Tobias J. Moskowitz (’98)

Dean Takahashi Professor of Finance, Yale School of Management

First academic placement: University of Chicago Booth School of Business

Recipient of numerous honors and awards, Tobias "Toby" Moskowitz is one of UCLA Anderson's Inspirational 100 alumni. Moskowitz was named the inaugural Dean Takahashi '80 B.A., '83 M.P.P.M. Professor of Finance at Yale School of Management in 2016. He was previously the Fama Family Professor of Finance at the University of Chicago Booth School of Business, where he had taught since 1998. In 2011, he co-authored the best-selling book Scorecasting, which uses economic principles to explain the hidden side of sports.

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Robert Richmond (’16)

Assistant Professor of Finance, NYU Stern School of Business

Dissertation: Essays on the Fundamental Determinants of International Asset Prices

In 2016, Robert Richmond earned the Conference on International Finance Best Paper Award (2016), the Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research and the Xavier Drèze award for most outstanding Ph.D. research paper. His current research uncovers an economic source of exposure to global risk that drives international asset prices.

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William F. Sharpe (’61)

STANCO 25 Professor of Finance, Emeritus, Stanford University

Winner of the 1990 Nobel Prize in Economic Science, William Sharpe was mentored at UCLA by the late Professor J. Fred Weston. Sharpe was one of the originators of the Capital Asset Pricing Model and developed the Sharpe Ratio for investment performance analysis. He co-founded the independent investment advisory firm Financial Engines.

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Mindy Xiaolan Zhang (’14)

Assistant Professor of Finance, McCombs School of Business, University of Texas, Austin

Dissertation: Human Capital Investment, Cash Flow Risk and Capital Structure Dynamics

Mindy Zhang is recipient of the 2014 Trefftzs Award for Best Student Paper, WFA; and the 2014 Yihong Xia Best Paper Award, CICF. She conducts research on macro finance, equilibrium asset pricing, dynamic contracting, dynamic corporate theory, labor and finance.

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