Bhagwan Chowdhry

Professor, Finance
Executive Director - DIRI




Professor of Finance Bhagwan Chowdhry began his teaching career at UCLA Anderson in 1988. Here he found “an opportunity to work with and learn from outstanding faculty colleagues and an ability to work with students on projects that will make a difference in the world.” During his tenure he has also been a visiting professor and lecturer at a variety of institutions, including the University of Chicago, University of Illinois at Chicago, the Hong Kong University of Science and Technology, and the Indian School of Business. He is a current visiting scholar at the Stellar Development Foundation.

His research interests are in international finance and corporate finance and strategy, topics on which he has published several papers in economic and finance journals. He has served on the editorial boards of a number of finance and economic journals, including Journal of Finance, Review of Financial Studies, American Economic Review and Journal of Political Economy, and has organized and taught executive education programs on financial derivatives, corporate risk management and valuation in Los Angeles, Singapore, Hong Kong, Mumbai and Hyderabad.

Microfinance, financial technology and impact investing are his recent teaching, research and applied interests. He has supervised several MBA student projects in microfinance and FinTech in the last several years and has taught undergraduate seminar classes and an MBA elective on the subjects. “One of my greatest joys comes from working with smart people who strive to make this world a better place, especially for people with limited resources and opportunities. I am constantly thinking about, doing research on and getting involved in projects that will make a difference in the world.”

That commitment may be best illustrated with his proposed Financial Access at Birth (FAB) initiative in which every child born in the world is given an initial deposit of $100 in an online bank account, guaranteeing that everyone in the world will have access to financial services in a few decades.

Professor Chowdhry is a frequent contributor to the Huffington Post and is the co-founder (with Professor Ivo Welch) and executive editor of a new publication, Finance & Accounting Memos (FAMe), that makes academic research more accessible for MBA and Ph.D. students, journalists, policy makers and other academics.



  • 2021 - Present: Faculty Director, I-Venture @ ISB, Indian School of Business
  • 2019 - Present: Professor, Indian School of Business
  • 2019 - Present: Research Professor, UCLA Anderson School
  • 2002 - Present: Professor of Finance, The Anderson School at UCLA
  • 2019 - 2021: Area Leader of Finance, Indian School of Business
  • 2001 - 2019: Visiting Professor, Indian School of Business
  • 2015 - 2018: Faculty Director, Impact@Anderson
  • 2001 - 2017: Director, Center for International Business Education and Research (CIBER)
  • 2013 - 2014: Visiting Professor, Fudan University, School of Management
  • 2009 - 2012: Faculty Director, UCLA Anderson Master of Financial Engineering (MFE) program
  • 1997 - 2002: Associate Professor of Finance, UCLA Anderson School
  • 1995 - 1997: Associate Professor and Area Head of Finance, UCLA Anderson School
  • 1988 - 1995: Assistant Professor of Finance, UCLA Anderson School
  • 1988 - 1995: Assistant Professor of Finance, The Anderson School at UCLA
  • 1992 - 1993: Visiting Lecturer, The Hong Kong University of Science and Technology
  • 1987 - 1988: Lecturer in Finance, Graduate School of Business, The University of chicago
  • 1986 - 1987: Visiting Lecturer, University of Illinois
  • 1986 - 1986: Lecturer in Management Science, Graduate School of Business, The University of chicago
  • 1986 - 1986: Visiting Lecturer, University of illinois


In the Media

June 1, 2021: Do a "Good Buy before you Waive" a Patent, The Economic Times.

May 6, 2021: Save lives, and jobs: Vaccinate the young, mobile, wage-earners first. Focus on the worst-hit states and districts, The Times of India.

April 14, 2021: Exponential truth trumps linear lies, The New Indian Express.

January 19, 2021: Bank on postmen and bank mitras for vaccine delivery, because health inclusion intersects financial inclusion, The Times of India.

, 2021: Atrium talks with Prof. Deepa Mani, ISB Talks.

April 13, 2021: For high quality Universities: Academics value academic freedom. They must have a central role in university governance, The Times of India.

April 3, 2021: An Infectious Model of Learning, Times of India- Hyderabad Times.

December 10, 2020: Lend an Ear about Cut-throat Lending, The Economic Times.

November 21, 2020: Lending, More than just a Hand, The Economic Times.

November 20, 2020: Sharing risks: Local institutions like SHGs and temples should buy formal insurance for the communities they serve, The Times of India.

September 11, 2020: Digital Didis, The Indian Express.

August 25, 2020: How to Reform The IAS, Op-ED.

August 17, 2020: Embrace the national digital health mission, but with care and safeguards, Hindustan Times.

March 31, 2020: As the world goes into battle against Covid-19, there are reasons for optimism that we will win, The Times of India.

March , 2020: Bhagwan Ke Liye, Video Series.

September , 2020: Doing Good by Being Profitable, The Economic Times.

May 21, 2020: Power of Now in privatisations: Attempts to time the market to realise best price create more welfare loss than gain, The Times of India.

September 6, 2019: If it's simple, it will be fair, The Economic Times.

July , 2019: "Big Mandate For BJP Should Mean Bold Budget," What Young India Wants,, NDTV.

July 25, 2019: How borrowing substantial amounts in foreign currency can keep inflation low and create a stable investment climate, The Times of India.

July 12, 2018: Investing for Impact, The Harvard Law School Forum on Corporate Governance.

Research & Publications