Vice Dean, MBA Program
Adjunct Professor of Finance
Address: G23 JMHH, Philadelphia, PA 19104
Office: (215) 898-1439
Howard Kaufold is Vice Dean of the MBA Program, and Adjunct Professor of Finance at the Wharton School, University of Pennsylvania. Before becoming Vice Dean, he served as Deputy Vice Dean of the MBA Program for Executives, and earlier as an Associate Director of Wharton’s full-time MBA program.
He earned his BS in Economics from the Wharton School, and completed his PhD in Economics at Princeton University. His published papers have dealt with valuing leveraged buyouts and re-capitalizations, hedging interest and exchange rate risk of foreign bonds, and the interest rate risk of floating rate notes.
Dr. Kaufold has taught in executive education programs for such corporations as DuPont, General Electric, Merck, and Nomura. He has taught Corporate Finance in the MBA core since 1983, and has twice been awarded Wharton’s Anvil Award for Distinguished Teaching.
FNCE611 - Corporate Finance
This course serves as an introduction to business finance (corporate financial management and investments) for both non-majors and majors preparing for upper-level course work. The primary objective is to provide the framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory. The approach is rigorous and analytical. Topics covered include discounted cash flow techniques; corporate capital budgeting and valuation; investment decisions under uncertainty; capital asset pricing; options; and market efficiency. The course will also analyze corporate financial policy, including capital structure, cost of capital, dividend policy, and related issues. Additional topics will differ according to individual instructors.