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Aswath Damodaran

Aswath Damodaran

Joined Stern 1986

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-94
New York, NY 10012

E-mail adamodar@stern.nyu.edu
Personal website
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Aswath Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern School of Business. Before coming to Stern, he also lectured in Finance at the University of California, Berkeley.

Professor Damodaran received a B.A. in Accounting from Madras University and a M.S. in Management from the Indian Institute of Management. He earned an M.B.A. (1981) and then Ph.D. (1985), both in Finance, from the University of California, Los Angeles.

Professor Damodaran's contributions to the field of Finance have been recognized many times over. He has been the recipient of Giblin, Glucksman, and Heyman Fellowships, a David Margolis Teaching Excellence Fellowship, and the Richard L. Rosenthal Award for Innovation in Investment Management and Corporate Finance.

His skill and enthusiasm in the classroom garnered him the Schools of Business Excellence in Teaching Award in 1988, and the Distinguished Teaching award from NYU in 1990. His student accolades are no less impressive: he has been voted "Professor of the Year" by the graduating M.B.A. class five times during his career at NYU.

In addition to myriad publications in academic journals, Professor Damodaran is the author of several highly-regarded and widely-used academic texts on Valuation, Corporate Finance, and Investment Management.

Professor Damodaran currently teaches Corporate Finance and Equity Instruments & Markets. His research interests include Information and Prices, Real Estate, and Valuation.

Research Interests

  • Information and Prices
  • Real Estate
  • Valuation

Courses Taught

  • Corporate Finance
  • Equity Instruments & Markets

Academic Background

Ph.D., Finance, 1985

M.B.A., Finance, 1981

M.S., Management, 1979
Indian Institute of Management

B.Com., Accounting, 1977
Madras University

Related News & Research

Professor Aswath Damodaran weighs in on LendingClub's relationship to Cirrix Capital

Professor Aswath Damodaran explains the decreasing relevance of AAA credit ratings; Professor Holger Mueller's research on the financial crisis is cited

Professor Aswath Damodaran discusses return on invested capital (ROIC) as a financial metric

Professor Aswath Damodaran discusses Valeant as an investment

Professor Aswath Damodaran discusses Valeant as an investment

Professor Aswath Damodaran discusses Yahoo's value

Professor Aswath Damodaran discusses India's economic outlook

Professor Aswath Damodaran examines the recent controversies surrounding pharmaceutical company Valeant

Professor Aswath Damodaran weighs in on the controversy at Valeant Pharmaceuticals

Professor Aswath Damodaran's blog post on Lyft is highlighted

Professor Aswath Damodaran weighs in on Alphabet's valuation

Professor Aswath Damodaran shares his views on investing

Professor Aswath Damodaran comments on the shift in focus from raising money to earning money among Indian start-up companies

Professor Aswath Damodaran's research on corporate earnings and investments is referenced

Professor Aswath Damodaran's blog post on Uber's market share is cited

Professor Aswath Damodaran explains why he doesn't see Apple as a growth company now

Professor Aswath Damodaran discusses the impact of Uber and Lyft on the transportation industry

Professor Aswath Damodaran's research on stock market returns is cited

Professor Aswath Damodaran's forecasts for financial markets are highlighted

Professor Aswath Damodaran identifies myths surrounding activist investing

Areas of Expertise


  • Earnings Management
  • Shareholder Issues/Activism
  • Valuation


  • Berkshire Hathaway


  • Asset Management
  • Corporate Finance
  • Corporate Governance
  • Portfolio Management
  • Valuation


  • Housing/Real Estate


  • Restructuring & Layoffs