Spring 2011 MBA Course

B8930-001: The Future of Financial Services

Block Week Jan. 10-14 - 09:00AM to 05:00PM

Location: URI 142

Instructor: Paul Glasserman; R. Glenn Hubbard; Eric Johnson; Bruce Kogut; Christopher Mayer

Prerequisite(s): B6302

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This course investigates the future of the financial services industry in the wake of the financial crisis.  The crisis has seen the collapse of prominent institutions and markets, but failures of the past create lessons and opportunities for the future.  This course will challenge students to discover new opportunities for products and businesses by building on an analysis of the crisis and the changing landscape of the industry.


The course has three key objectives: 1) Understanding the web of interconnected developments contributing to the crisis; 2) Recognizing the implications of public policy and regulation for the crisis and for the future; 3) Capturing business opportunities and identifying winners in the wake of the crisis.


The course will take an interdisciplinary perspective, drawing on finance, economics, management, behavioral economics, decision making, and risk management to examine real estate, securitization, derivatives, governance, regulation, and other aspects of the industry.  Class sessions will include lectures and case discussions.  Students will undertake a forward-looking group project with the guidance of one of the course instructors.  Projects should focus on a new opportunity emerging anywhere in the broad universe of financial services, including banking, asset management, consumer finance, real estate, sales and trading, regulation, infrastructure and support services.






Paul Glasserman

Jack R. Anderson Professor of Business

Professor Glasserman's research and teaching address risk management, the pricing of derivative securities, Monte Carlo simulation, statistics and operations. Prior to joining Columbia, Glasserman was with Bell Laboratories; he has also held visiting positions at Princeton University, NYU, and the Federal Reserve Bank of New York. In 2011-2012, he was on leave from Columbia and working at the Office of Financial Research in...

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R. Glenn Hubbard

DeanProfessor Hubbard is a specialist in public finance, managerial information and incentive problems in corporate finance, and financial markets and institutions. He has written more than 90 articles and books on corporate finance, investment decisions, banking, energy economics and public policy, including two textbooks, and has co-authored Healthy, Wealthy, & Wise: Five Steps to a Better Health Care System. In a recent book, Tax...

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Eric Johnson

Norman Eig Professor of BusinessEric Johnson is a faculty member at the Columbia Business School at Columbia University where he is the inaugural holder of the Norman Eig Chair of Business, and Director of the Center for Decision Sciences. His research examines the interface between Behavioral Decision Research, Economics and the decisions made by consumers, managers, and their implications for public policy, markets and marketing. Among other topics, Johnson...

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Bruce Kogut

Sanford C. Bernstein & Co. Professor of Leadership and EthicsBruce Kogut is the Sanford C. Bernstein & Co. Professor of Leadership and Ethics and Director of the Sanford C. Bernstein Center for Leadership and Ethics at Columbia Business School. He teaches the core courses in strategy and in governance and an elective on "The Future of Finance" for the MBAs and EMBA and has taught in executive programs in the US, Europe, and China. His...

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Christopher Mayer

Paul Milstein Professor of Real EstateProfessor Mayer is Paul Milstein Professor of Real Estate and Finance and Economics at Columbia Business School. His research explores a variety of topics in real estate and financial markets, including housing cycles, mortgage markets, debt securitization, and commercial real estate valuation. Dr. Mayer is also a principal at Longbridge Financial, a new and innovative company focused on developing and delivering reverse mortgage products to...

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