Stephen C. Figlewski

Stephen C. Figlewski

Joined Stern 1976

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-64
New York, NY 10012

Personal website


Stephen Figlewski is Emeritus Professor of Finance at New York University Stern School of Business. Professor Figlewski taught courses in Futures and Options at the Undergraduate, M.B.A., and Ph.D. levels

Professor Figlewski has been a member of the NYU - Stern faculty since 1976. As director of the NYU Stern Derivatives Research Project, he organized numerous high profile conferences on derivatives. Over twenty years, the DRP brought in several million dollars to support the research activities of the Finance Department. His primary research interests include Derivatives, Risk Management, and Financial Markets.

Professor Figlewski has published several books, including Risk Management: The State of the Art, Financial Options: From Theory to Practice, and Hedging with Financial Futures for Institutional Investors: From Theory to Practice. He is the founding editor of Journal of Derivatives, and has been published in many others, including the Journal of Finance and the Journal of Financial Economics.

In addition to working at NYU - Stern, Professor Figlewski was a Vice President at the First Boston Corporation, responsible for research on equity derivatives products, and has been a market maker in stock index options at the New York Stock Exchange. He was also a Visiting Associate Professor at the University of California at Berkley.

Professor Figlewski received his Bachelor of Arts in Economics, summa cum laude, from Princeton University and his Doctor of Philosophy in Economics from the Massachusetts Institute of Technology.

Research Interests

  • Options, Futures, and All Other Derivatives
  • Information and Financial Markets

Courses Taught

  • Futures and Options

Academic Background

Ph.D., Economics, 1976
Massachusetts Institute of Technology

B.A., Economics, 1969
Princeton University

Areas of Expertise


  • Derivatives
  • Risk Management