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Mastering finance isn’t just a matter of analyzing numbers and data.

The Department of Finance in the Broad College of Business prepares students to look beyond quantitative reasoning in order to discover innovative solutions to the most prominent issues confronting today’s (and tomorrow’s) businesses. Our flexible programs and curriculum specializations in corporate finance and financial markets allow students to focus on their specific areas of interest within finance.

Department Information Sheet

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Andrei Simonov

A community of experiential learning and financial leadership

Welcome to the Department of Finance in the Eli Broad College of Business. We invite you as prospective or current Broad College students to learn about the dynamic world of finance. While you will become grounded in finance fundamentals, you will also grapple with the underlying causes of economic problems and the many risks businesses face in today’s complex global world. You will learn from our innovative faculty who foster a collaborative learning environment with their dedication to student success. Insights and findings from faculty’s cutting-edge research will inform your discussions.

The department encourages our students to participate in co-curricular opportunities offered by the Financial Markets Institute, the Center for Venture Capital, Private Equity and Entrepreneurial Finance, and the Student Investment Fund. Further explore your interests through one of our student organizations: Finance Association, Spartan Global Development Fund, Student Investment Association and the Wealth Management Association. In addition to engaging with peers who share similar interests, these organizations provide wonderful opportunities for leadership development.

The department welcomes contact from employers interested in learning about our student talent. If you would like to learn more, please contact Russell Palmer Career Management Center.

We invite you to learn more about how the Department of Finance is helping Eli Broad College realize its vision of becoming a top-of-mind business school and transform students into the leaders of tomorrow.

Finance @ Broad


Broad alumnus recognized as one of Michigan’s best in wealth management 
Christopher Letts (B.A. Finance ’06) has recently been honored by Forbes, Hour Detroit and DBusiness.
Discovering a financial anomaly: Low risk and high return  
Dmitriy Muravyev, associate professor of finance, has published a paper illustrating a financial pricing hiccup.
What it’s like to be a woman in finance 
The Financial Markets Institute hosted the Women in Finance Panel Discussion on Sept. 26.
MSU Finance professor Paulette Stenzel poses with a finance student on their Spartan Global Development Fund trip to Guatemala.

We offer a full portfolio of programs in finance.

The Department of Finance offers bachelor’s, master’s and doctoral degree programs, all designed to account for curriculum specialization to a student’s particular interests in finance. Our programs also prepare students for roles in the related fields of marketing, production, supply chain and human resources. This tailored approach empowers students to achieve their unique career goals in finance and across all areas of business.

Research areas cover all major areas of finance including corporate and behavioral finance, contracting and asset pricing.

Explore Program  

Emerge with a breadth of financial knowledge, from fundamental analysis to asset management, and hone skills in corporate strategies and leadership.

Explore Program  

The discipline of finance comprises corporate financial management, management of financial institutions, and investments. An understanding of financial concepts, financial instruments and financial management decision-making are vital to each. Employment opportunities exist in industrial and brokerage firms, public utilities, banks, insurance companies, credit unions and agencies of government.

Explore Program  

Ideal for students pursuing careers as underwriters, claim adjusters, agents or brokers in the insurance industry, or careers in risk management within financial institutions.

Explore Minor  

The Financial Planning and Wealth Management program is designed to provide students with a solid understanding of the concepts and techniques used by wealth management advisors to help individual and institutional clients. As the industry continues to evolve, students will gain the necessary skills to help firms meet the expanding needs of their client base.

Explore Program  

Financial Markets Institute

The Financial Markets Institute (FMI) provides comprehensive training to a select group of highly motivated finance and accounting students at Broad. Scholars are offered invaluable professional opportunities, such as co-managing a multi-million dollar investment fund and visiting financial services firms across the United States. Based on student preparation, the institute provides employers with the confidence that FMI scholars have the technical and soft skills necessary to make immediate contributions to their firms.

Explore the FMI

MSU Finance faculty member Hayong Yun poses for a portrait, leaned against a wall filled with a financial term word cloud inside Eppley Center.

Our Faculty

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Charles Hadlock

  • Frederick S. Addy Distinguished Chair in Finance
    Finance
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Zoran Ivkovich

  • MSUFCU Endowed Chair in Financial Institutions and Investments, Professor
    Finance
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Mark Schroder

  • A.J. Pasant Endowed Professor of Insurance
    Finance

Faculty Publications

Advisory Board

Members of the Finance Advisory Board contribute to the activities of the Department of Finance in many different ways, such as providing job opportunities (full-time positions and internships), getting involved with the team of students who manage the Student Investment Fund (SIF) and advising the department chair. There are also opportunities to mentor students and to interact with the Financial Markets Institute (FMI).

The Finance Advisory Board meets twice annually (typically October and February), and part of each meeting is devoted to discussing the Student Investment Fund’s performance with the student managers and the rationale behind their buys and sells. The Finance Advisory Board’s job is to ask challenging questions and provide advice and insights to advance the student managers’ knowledge.

Current Finance Advisory Board Members

Carl Anderson

  • Chief Financial Officer
  • Meritor

Lisa Beck

  • Finance Executive, U.S. Sales and Marketing
  • General Motors

William Berry Jr.

  • Vice President, Corporate Controller
  • Stryker

Stephen Calso

  • Assistant Treasurer, Corporate Finance and Capital Markets
  • Sprint

Ralph Carmichael

  • Managing Director
  • Carmichael & Co., LLC

Mary Champagne, CFA

  • Partner
  • NorthPointe Capital, Inc.

David Crimmins

  • Executive Director, Middle Market Banking
  • JP Morgan Chase

Timothy Dykstra

  • Vice President and Corporate Treasurer
  • Smithfield Foods, Inc.

Edward Eberle, CFA

  • Partner / Portfolio Manager
  • Seizert Capital Partners

Dena Elliott

  • Senior Manager, Corporate Group Accounting
  • Fiat Chrysler Automobiles

Michael Finn

  • President
  • Foxen Advisors, LLC

Joseph Gatz, CFA

  • Vice President and Portfolio Manager
  • Loomis Sayles & Company

W. Michael George

  • Managing Director (Retired)
  • Credit Agricole Securities, Inc.

Kurt Hallead

  • Managing Director
  • RBC Capital Markets

James Hering, CFA

  • Chief Executive Officer
  • Union Square Investment Company

Jay Keranen

  • Executive Director
  • Morgan Stanley Wealth Management

John Koczara, CFA

  • Senior Portfolio Manager
  • LaFleur & Godfrey LLC

Peter Kurrie

  • Partner
  • Aileron LTD

Stephen Latreille

  • Vice President, Corporate Controller
  • Ingredion

Chrisopher Letts

  • Financial Advisor/Vice President
  • Morgan Stanley Wealth Management

Todd McClain, CFP

  • Partner
  • Plante Moran Financial Advisors, LLC

Jeff McConnell

  • Chief Investment Officer
  • Graystone Consulting

Todd Penegor

  • Chief Executive Officer
  • The Wendy’s Company

Jason Phillips

  • Finance Director, Global Financial Planning and Analysis
  • Lear

Michael Schrauben, CFA

  • Investment Officer and Portfolio Manager
  • MERS of Michigan

John Steffen

  • Managing Partner
  • Sutter Mill Capital Management

The Center for Venture Capital, Private Equity and Entrepreneurial Finance

The Center for Venture Capital, Private Equity and Entrepreneurial Finance (CVCPEEF) integrates financial thinking and strategic decision-making with innovation and entrepreneurship via research and education across the university, and in the venture capital (VC) and private equity (PE) community around the world.

Explore CVCPEEF

The Financial Analysis Lab provides the opportunity for hands-on training in financial modeling and valuation. The lab’s hardware and software not only emulate a real trading room, but also enable a dynamic instructional setting. The lab is equipped with dual-screen computers and a number of Bloomberg terminals.

Lab Hours and Contact  

The Broad College of Business is a CFA University Affiliation Program Partner of the CFA Institute, a global membership organization that awards the Chartered Financial Analyst® (CFA®) designation.

The CFA Program sets a standard for developing the skills, standards, competence, and integrity of financial analysts, portfolio managers, investment advisors, and other investment professionals worldwide. It is widely considered the investment profession’s most rigorous credentialing program.

See Program Benefits  

Full-Time MBA students and undergraduates manage the Student Investment Fund (SIF) as members of the college’s Security Analysis class (FI 457/FI 857). Under the instruction of Stephen Schiestel and using the tools of the Financial Analysis Laboratory, the students master the essentials of portfolio management, stock selection and stock performance evaluation. They continuously monitor the fund and ensure that its stated security selection discipline is maintained.

Learn about the SIF  

Contact Information

  • Department of Finance
  • Eppley Center
  • 667 N Shaw Ln Rm 315
  • East Lansing, MI 48824
  • Phone: (517) 353-1745