Dr. Eugene Fama

Professor

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Biography

Eugene F. Fama is a Nobel laureate in economic sciences, widely recognized as the 'father of modern finance.' His research is well-known in academic investment communities, particularly regarding the efficient markets hypothesis. Fama's work has focused on the relationship between risk and expected returns and its implications for portfolio management, fundamentally altering the view and execution of finance. He is a prolific author, having written numerous influential books and published over 100 articles in academic journals, making him one of the most cited researchers in economics. In addition to his Nobel Prize in Economic Sciences, Fama has received several prestigious awards, including the Deutsche Bank Prize in Financial Economics (2005) and the Morgan Stanley American Finance Association Award for Excellence in Finance (2007). His academic accolades include fellowships in the American Finance Association and the Econometric Society, as well as honorary doctorates from various institutions, reflecting his impact on the field of finance. He holds a bachelor's degree from Tufts University and an MBA and PhD from the University of Chicago, where he has been a faculty member since 1963.

Research Interests

Requirements for University of Chicago Booth School of Business

Doctorate Program
Requirements
GMAT
GRE General
TOEFL
Total
Required:100
IELTS
Listening
Required:7
Reading
Required:7
Writing
Required:7
Speaking
Required:7
Overall
Required:7
Prerequisites
Undergraduate degree or equivalent
Application Checklist
  • Online application
  • Application fee ($80)
  • Transcripts from all post-secondary institutions
  • Two to four letters of recommendation
  • Resume/CV
  • Statement of Purpose (2-4 pages)
  • Optional writing sample (up to 30 pages)
  • Standardized test scores (GMAT or GRE)
Specialization Notes

The doctoral program at Booth is organized into 'dissertation areas' which include Accounting, Behavioral Science, Econometrics and Statistics, Finance, Marketing, and Operations Management.