Carlson School

Finance Department Faculty

The Carlson School Finance Department focuses on understanding financial decisions, markets, and institutions. Faculty research in these areas is internationally known and has been published in the best finance and economics journals. The department is committed to quality teaching at the undergraduate, MBA, and PhD levels.

Jacelly Cespedes
Assistant Professor
Murray Z Frank
Professor

Murray Frank was the President of the Midwest Finance Association (2017-2018). In recent years much of his work has focused on corporate capital structure. He is a co-founder of the Virtual Corporate Finance Wednesdays an international scholarly seminar series.

Robert Goldstein earned a PhD in finance from the University of California, Berkeley in 1996 and a PhD in physics from the University of Illinois, Urbana Champaign in 1992. Prior to the Carlson School, he served as an associate professor at Washington University, St.

Pinar Karaca Mandic
Distinguished McKnight University Professor, and C. Arthur Williams Jr. Professor in Healthcare Risk Management

Professor Pinar Karaca-Mandic (she/her/hers) teaches healthcare marketplace and medical technology evaluation. She is a University of Minnesota Distinguished McKnight University Professor. She is also the C. Arthur Williams Jr.

Xiaoji Lin
US Bancorp Professor in Financial Markets and Institutions Professor of Finance

Dr. Xiaoji Lin is the US Bancorp Professor in Financial Markets and Institutions and a Professor of Finance at the University of Minnesota, Carlson School of Management. Before joining Minnesota in 2018, Dr. Lin taught at London School of Economics and Political Science and the Ohio State University (tenured in 2018).

Erik Loualiche
Assistant Professor

Assistant Professor Erik Loualiche’s research focuses on asset pricing and macroeconomics, particularly the interaction
between industrial organization and asset pricing. He also studies the interaction between sources of macroeconomic
risk and corporate finance activity. Loualiche has taught applied econometrics, macroeconomics, microeconomics,

Stephen T Parente
Professor, Minnesota Insurance Industry Chair of Health Finance

STEPHEN T. PARENTE, Ph.D., MPH, MS is a Professor in the Department of Finance and the Minnesota Insurance Industry Chair of Health Finance in Carlson School of Management at the University of Minnesota and Associate Dean of the Global Institute. From 2014-2017, he served as Associate Dean of MBA and MS programs. Dr.

Juliana Salomao
Assistant Professor
Raj Singh
Associate Dean (With Faculty Rank)

Raj Singh's research interests include corporate finance, auction theory, agency theory, and market-microstructure.

Martin Szydlowski
Assistant Professor

Martin Szydlowski is an Assistant Professor of Finance at the Carlson School of Management, University of Minnesota. His research examines how agency conflicts influence firm investment, capital structure, and the optimal mix of managerial incentives. He also studies the impact of ambiguity aversion on incentive contracts.

Richard T. Thakor
Assistant Professor

Richard T. Thakor is an Assistant Professor of Finance at University of Minnesota, Carlson School of Management. He is a Research Affiliate at the MIT Laboratory for Financial Engineering (LFE), and is a Research Affiliate at the WFA Center for Finance and Accounting Research (WFA-CFAR) at Washington University in St. Louis.

Tracy Yue Wang
Professor

Tracy Wang is the John Spooner Professor of Finance. Her expertise lies in the fields of corporate governance, law and economics, and behavioral finance.

Colin Ward
Assistant Professor
Andrew Winton
Professor and Minnesota Banking Industry Endowed Chair

Andrew Winton has been at the Finance Department of the University of Minnesota’s Carlson School of Management since 1998. He was at Northwestern University’s Kellogg Graduate School of Management from 1991 to 1998. He received an A.B. in Mathematics from Princeton University in 1980, an M.B.A. in Finance from the University of Pennsylvania (Wharton) in 1982, and a Ph.D.

Adam Zhang
Assistant Professor
Adam’s research lies at the intersection of macroeconomics and finance, with two overarching objectives. The first is to analyze mechanisms of asset price movements. The second is to characterize how asset price movements affect the daily lives of people. His past projects have examined retirement savings, housing, income and wealth inequality, using tools across a multitude of fields and disciplines: empirical inference, mathematical modeling, machine learning techniques for structural estimation, etc. Prior to joining the Carlson School of Management, he studied economics at Stanford University and at the University of California, Los Angeles.
Lisa Kline
Lecturer
Felisa (Lisa) Kline is a Senior Lecturer in Finance at the University of Minnesota’s Carlson School of Management. Prior to coming to the Carlson School, Lisa worked in multiple areas of Corporate Finance for General Mills, including development of their Finance Learning and Development Program.
John Molloy
Senior Lecturer
Helen Moser
Senior Lecturer

Helen found a passion for finance during her 5-year stint with the U.S. Army.  Post-Army, she earned her undergraduate and graduate degrees in Finance.  She spent several years in the banking industry, working her way up from credit analyst to CFO.

Nick Seeman
Senior Teaching Specialist

Nick joined the faculty here after holding roles at a broker dealer, asset manager, and law firm.  In his previous role, Nick managed a mortgage-backed security and fixed-income portfolio at AgriBank.  Nick is also CFA Charterholder.

Jason Turkiela
Senior Lecturer

Jason Turkiela is a Senior Lecturer in Finance at the University of Minnesota’s Carlson School of Management. He earned his Ph.D. in Finance from the University of Oregon, an M.A. in Economics from Central Michigan University, and a B.A. in Economics from Michigan State University.

Stuart Webb
Senior Lecturer
Learn more about Stuart Webb, a senior lecturer at the Carlson School of Management at the University of Minnesota.
Eric White
Lecturer

Prior to joining the Carlson School of Management in 2022, Eric was Director of Financial Planning and Analysis at Bluestem Brands. Prior to this, he held various roles including Financial Analyst and Senior Financial Analyst at Target Corporation and Senior Financial Analyst and Manager of Financial Planning and Analysis at Bluestem Brands.

Thanh Le
Senior Lecturer
Timothy Nantell
Professor

Timothy Nantell has held the following positions with the Carlson School: Acting Dean, Associate Dean of Faculty, Finance Department Chairperson, and Faculty Director of the MBA Program.  He also initiated the Carlson Funds Enterprise. His current research and teaching interests concern valuation models and their application.

Alan R Thometz
Senior Lecturer
Alan is a senior corporate finance executive with over 40 years of experience in commercial banking, investment banking, private equity, and mergers and acquisitions.
Richard Vogel
Senior Lecturer
Gordon Alexander
Emeritus Professor

Gordon Alexander received his PhD in finance in 1975 from The University of Michigan, where he also received a Master of Science in mathematics in 1973 and an MBA in finance in 1970. Previously he received a Bachelor of Science in business administration from the State University of New York-Buffalo in 1969.

Timothy Nantell
Professor

Timothy Nantell has held the following positions with the Carlson School: Acting Dean, Associate Dean of Faculty, Finance Department Chairperson, and Faculty Director of the MBA Program.  He also initiated the Carlson Funds Enterprise. His current research and teaching interests concern valuation models and their application.