Dr. Efraim Benmelech

Professor

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Biography

Efraim Benmelech is the Henry Bullock Professor of Finance and Real Estate at Kellogg School of Management, Northwestern University. He also serves as the Director of the Crown Family Israel Center and Co-Director of the Guthrie Center for Real Estate Research. Professor Benmelech's research encompasses various aspects of credit markets, including bond markets, financial crises, securitization, and bankruptcy. His work has garnered attention from notable media outlets such as Bloomberg, Bloomberg, Boston Globe, and The Wall Street Journal. He holds a Ph.D. in Finance from the University of Chicago. Benmelech's teaching interests include corporate finance, where he covers theoretical and empirical approaches to investment decisions, capital structure, and corporate governance. His extensive involvement with research has made significant contributions to the field of economics and public finance, focusing on the intersection of credit markets and economic history.

Research Interests

Experience

Real Estate Director

2014-01-01 — Present

Kellogg School of Management • Evanston, IL

Oversees real estate research and initiatives.

Professor

2014-01-01 — Present

Kellogg School of Management • Evanston, IL

Teaches advanced courses in finance.

Research Associate

2006-01-01 — Present

National Bureau of Economic Research • Cambridge, MA

Conducts research on economic issues.

Assistant Director

1998-01-01 — 2001-01-01

Israel Ministry of Finance • Israel

Managed financial operations.

Major, Commander Company Chief Operating Officer

1990-01-01 — 1996-01-01

Israeli Defense Forces • Israel

Provided leadership and operational command.

Awards

#1

Highly Cited Paper Award

2023-01-01
#

Charles River Associates Award

2020-01-01
#

CRA Award

2020-01-01
#1

Excellence Refereeing Award

2011-01-01
#1

National Science Foundation CAREER Award

2009-01-01

Requirements for Northwestern University

Doctorate Program
Requirements
GPA Requirement
Required:3
TOEFL
Total
Required:90
IELTS
Overall
Required:7
Prerequisites
U.S. Bachelor's degree or equivalent
Application Checklist
  • Online application
  • Transcripts
  • Letters of recommendation
  • Statement of purpose
  • Resume/CV
  • TOEFL/IELTS scores (if applicable)
Specialization Notes

Standard PhD requirements for TGS departments including Chemistry, Physics, and Sociology.