Monday 9 June 2008

Mathematician’s move to finance yields place at prestigious Duke University


More news of our doctoral graduates achieving the critical first rung on the finance faculty ladder as Lukas Schmid joins the Fuqua School of Business, Duke University.

With a background in pure mathematics from ETH Zurich, Lukas made the move to finance with a desire to apply quantitative methods to real-world problems. His research aims to integrate corporate finance and asset pricing literatures with a focus on quantitative aspects.

Lukas entered the job market at this year’s American Finance Association meeting in January following a similar path to Sébastien Michenaud, whom I mentioned in a previous posting.

At the Meeting, Lukas was invited for a staggering 38 interviews, which he managed to translate into 19 so-called “flyout offers”: invitations for on-campus interviews at top tier universities in Europe and North America.

I first met Lukas at the 2006 Doctoral Workshop just before he set off for a visiting scholarship at the Wharton School. He went on to win the 2007 Grandchamp prize for best PhD thesis.

Lukas completed his PhD at the University of Lausanne supervised by Professor Jean-Pierre Danthine.

He will take up his position at Duke on July 1.