Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-61
New York, NY 10012
Personal WebsiteAbout Edward I. Altman
Edward Altman is the Max L. Heine Professor of Finance Emeritus at New York University, Stern School of Business and Director of the Credit and Fixed Income Research Program at the NYU Salomon Center. He is a graduate of CCNY (1963), and UCLA (MBA & Ph.D in 1967).
Dr. Altman has an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis. He is the creator of the world famous Altman-Z-Score model for bankruptcy prediction of firms globally. He was named Laureate 1984 by the Hautes Etudes Commerciales Foundation in Paris for his accumulated works on corporate distress prediction models and procedures for firm financial rehabilitation and awarded the Graham & Dodd Scroll for 1985 by the Financial Analysts Federation for his work on Default Rates on High Yield Corporate Debt. He was a Founding Executive Editor of the Journal of Banking & Finance and serves on the Editorial Board of several other Finance scholarly journals.
In 2005, Prof. Altman was named one of the “100 Most Influential People in Finance” by the Treasury & Risk Management magazine and is frequently quoted in the popular press and on network TV. In 2026, Dr. Altman was inducted into the American College of Bankruptcy as an Honorary Fellow.
He received a Profesor Honorario from the University of Buenos Aires (Argentina) in 1996, Honorary Doctorates from Lund University (Sweden) in 2011 and the Warsaw School of Economics (Poland) in 2015. His research citations ranked #1 in the world related to Corporate Bankruptcy.
Dr. Altman has been an advisor to many financial institutions including Merrill Lynch, Salomon Brothers, Citigroup, Concordia Advisors, Investcorp, Paulson & Co., S&P Global Market Intelligence and the RiskMetrics Group (MSCI, Inc). He is currently (2018) Advisor to Golub Capital, Classis Capital (Italy), Wiserfunding Ltd. (London), and Clearing Bid. He served on the Board of Franklin Mutual Series and Alternative Investment Funds.
He is also Chairman of the Academic Advisory Council of the Turnaround Management Association. Professor Altman was a Founding Trustee of the Museum of American Finance and was Chairman of the Board of the InterSchool Orchestras of New York (now part of the Third Street School of Music), now Emeritus.
- Finance
- Salomon Center for the Study of Financial Institutions
- Glucksman Institute for Research in Securities Markets
- Bankruptcy Analysis and Prediction
- Credit and Lending Policies
- Risk Management in Banking, Corporate Finance
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Finance
- Bankruptcy
- Corporate Finance
- Credit/Debt Markets
- Hedge Funds
- Leveraged Buyouts
- Private Equity Funds
- Risk Management
- Bankruptcy and Reorganization
- Corporate Finance
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Ph.D., Finance, 1967
University of California, Los Angeles
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M.B.A., Business Finance, 1965
University of California, Los Angeles
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B.A., Economics, 1963
City College of New York
Related News and Research
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- Co-authored research from Professor Emeritus Edward Altman is featured: “Distressed Debt Pioneer Altman Shows More Firms Fail After Swaps.”
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