Headshot of Richard T. Thakor, a man with short brown hair, and a friendly smile.

Richard T. Thakor

Associate Professor


  • Ph.D. 2016
    Financial Economics, Massachusetts Institute of Technology (MIT)
  • M.S. 2015
    Management Research, Massachusetts Institute of Technology (MIT)
  • MSc 2008
    Finance and Economics, London School of Economics
  • B.A. 2007
    Economics and Psychology, Washington University in St. Louis


  • Financial Institutions
  • Healthcare Finance
  • R&D Investments
  • Corporate Finance


Richard T. Thakor is an Associate 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. He joined the finance department at University of Minnesota in June 2016 after earning his PhD in Financial Economics from MIT. He also holds an M.S. in Management Research from MIT, an MSc in Finance and Economics from the London School of Economics (LSE), and a B.A. (summa cum laude) in Economics and Psychology from Washington University in St. Louis. Prior to earning his PhD, he worked in investment management as a Derivatives Trading Analyst. His research interests are in empirical and theoretical corporate finance, in the areas of R&D and innovation, healthcare finance, financial institutions, and the effects of access to financing on small firms.

Selected Works & Activities

  • Teaching:

    • MSF 6223 Corporate and Entrepreneurial Finance (MSF)
    • FINA 6511 Options for Corporate Finance (MBA)
    • FINA 6111 Financing over a Firm's Lifecycle (MBA)
    • FINA 4221 Principles of Corporate Finance (Undergraduate)

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