World’s Best B-School Professors: Charles Calomiris

Star Finance Professor Charles Calomiris of Columbia Business School


Charles Calomiris
Columbia Business School

Claim to Fame: Finance Expert

Age: 53


Stanford University, PhD, Economics
Yale, Economics, BA

At Columbia Since: 1996

Before Columbia: University of Illinois, Urbana-Champaign, and others

Fun Fact: Chants in the Greek Orthodox Church

If I wasn’t teaching, my dream job would be: Musician

Best part of the job: The freedom to think for myself and express those thoughts as I please.

Worst part of the job: Attending faculty meetings

Known for both his intensity and energy, finance professor Charles Calomiris is one of the world’s foremost financial historians, a formidable thinkers of financial studies as shown by his distinguished appointments in governmental organizations and research centers. Calomiris serves or has served as a consultant or visiting scholar for the Federal Reserve Banks of New York, Chicago, Cleveland, St. Louis, and Philadelphia, the Federal Reserve Board, the World Bank, and the governments of Mexico, Argentina, Japan, China, El Salvador, Brazil, Colombia, Connecticut, and Massachusetts. He also has taught many PhD level courses at the World Bank and the IMF, including a course at the IMF on Emerging Financial Markets for several years. In the private sector, Calomiris’ list of clientele includes firms such as Bank of America and Goldman Sachs.

Professor Calomiris is a pioneer within Columbia Business School. He teaches a class on emerging market financial transactions, a course he designed and for which he was awarded a national innovation prize from the business school. He also co-designed the Columbia Business School partnership programs with the University of Dar Es Salaam and the US International University in Nairobi. Calomiris teaches in both programs.


  • BornxNative

    I think you are right and it starts with leadership. It’s a great school but it has been badly mismanaged. Administration is a full time job and I agree that dean Hubbard has been at best a part time administrator. Great school but going downhill under Hubbard. At a recent MBA event I was told that Columbia wants kids who don’t depend on career services for jobs..they want people who already have industry connections. What type of leadership is this? It’s time to look at schools like Cornell (with its new NYC campus) and Stern to take over the mantel of best b-school in New York. What Columbia needs is Warren Buffet to step in and set things Hubbard and hire some full time administrators with empathy and humility.

  • RR

    Columbia has a serious image problem in light of some of the recent comments and engagements of Dean Hubbard. Columbia needs a change in leadership and only this fundamental change can stop that 19.5% decline in applications last year. It’s hard for anyone to take a b-school seriously when it talks about ethics and leadership, when its own leader is found lacking in that department.