Howard Kaufold

Howard Kaufold
  • Adjunct Professor of Finance
  • Vice Dean, MBA Program

Contact Information

  • office Address:

    G23 JMHH
    Philadelphia, PA 19104

Overview

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.

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Teaching

Past Courses

  • 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.

  • FNCE621 - CORPORATE FNCE (HALF CU)

    (Formerly FNCE 614) This half-semester course serves as an introduction to corporate investments for non-majors. The primary objective is to provide a framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory. Topics covered include discounted cash flow techniques, corporate capital budgeting and valuation, investment decisions under uncertainty, and capital asset pricing. The approach is rigorous and analytical but the course will not cover several topics included in the full semester Corporate Finance course, including: market efficiency, corporate financial policy (including capital structure, cost of capital, dividend policy, and related issues), and options.

  • FNCE899 - INDEPENDENT STUDY

    Independent Study Projects require extensive independent work and a considerable amount of writing. ISP in Finance are intended to give students the opportunity to study a particular topic in Finance in greater depth than is covered in the curriculum. The application for ISP's should outline a plan of study that requires at least as much work as a typical course in the Finance Department that meets twice a week. Applications for FNCE 899 ISP's will not be accepted after the THIRD WEEK OF THE SEMESTER. ISP's must be supervised by a Standing Faculty member of the Finance Department.

Knowledge@Wharton

Investing in ‘Rockstars’: How One Fund Is Building Businesses with Women of Color

Wharton’s Katherine Klein speaks with Gayle Jennings-O’Byrne and Pialy Aditya, who are using their early-stage investment fund to boost tech startups owned by women of color.

Knowledge @ Wharton - 2020/07/28
Leading Diversity: Why Listening and Learning Come Before Strategy

As part of a new series called “Leading Diversity at Work,” Wharton’s Stephanie Creary and global diversity expert Rohini Anand discuss what it takes to create an inclusive culture.

Knowledge @ Wharton - 2020/07/28
Taiwan’s Tech-savvy Citizens Helped Flatten Its COVID-19 Curve

Taiwan’s government cannot take sole credit for flattening the curve during the early days of the coronavirus pandemic. A case study by Wharton’s Steven O. Kimbrough and Christine Chou of National Dong Hwa University explains how citizens banded together to help.

Knowledge @ Wharton - 2020/07/27