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How did Wharton get such a strong rep in Finance? [#permalink]
23 Jul 2007, 08:16
Just finished reading Peter Bernstein's Capital Idea's*, which is an account of the academics who shaped modern finance. Basically, it covers the backgrounds of guys like Markowitz, Roy, Fama, Samuelson, Tobin, Black, Scholes, Merton, Miller, Modigliani, Sharpe, Treynor, Williams and how their ideas changed the way we think about finance.
A few observations:
- Throughout the book, the two dominant schools of these academics were MIT and Chicago
- Secondary schools were Harvard, Berkeley, UCLA, and the U of Washington
- Wharton is only mentioned once, near the end of the book. This surprised me, since I assumed that it would have had a larger academic presence.
This got me thinking: How did Wharton get such a strong rep in Finance? It's often considered to have the best finance program around, so what professors, programs, etc helped it obtain this reputation?
I didn't apply to Wharton, and honestly don't know much about the program, so there's probably something obvious that I'm missing. Just curious, that's all.
*if you read this book, skip Part 1--it's unbelievably dry. The rest of was pretty interesting, for me at least.