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Leonid Kogan
Professor of Finance at Massachusetts Institute of Technology
Leonid Kogan is the Nippon Telegraph and Telephone Professor of Management and a Professor of Finance at the MIT Sloan School of Management.1 He is also the faculty leader for the MFin degree program at MIT Sloan.1
Academic Background and Research
Kogan holds an MSc in mechanics and applied mathematics from Moscow State University, a PhD in mechanics from Cornell University, and a PhD in finance from MIT.1 His research interests include asset pricing theory, macro-finance, empirical asset pricing, and financial engineering.1 Recently, he has focused on:
- Links between economic activity of firms and stock price behavior
- Effects of investor heterogeneity on aggregate asset prices
- Computational aspects of option pricing and portfolio choice
- Impact of technological progress on labor income risk, inequality, stock prices, and inflation
- Quantitative analysis of patent information using large language models
- Simulation of stock market dynamics using generative AI
- Development of new statistical methods for measuring asset pricing model robustness
- Valuation of crypto assets and analysis of automated market-making1
Achievements and Recognition
Kogan has received numerous professional awards, including:
- 1998 Lehman Brothers Fellowship for Research Excellence in Finance
- 2004 FAME Research Prize
- 2006 Smith-Breeden Prize
- 2007 Crowell Memorial Prize
- 2014 Amundi Smith Breeden Prize (first prize) for the best paper in The Journal of Finance
- NASDAQ Award from the Western Finance Association for the best paper on asset pricing1
He is currently a Research Associate at the National Bureau of Economic Research.1
Teaching and Industry Experience
Prior to joining MIT Sloan, Kogan taught at the Wharton School of the University of Pennsylvania.1 He also served as a senior researcher at Lehman Brothers during 2007-2008.1 At MIT, Kogan emphasizes the close connection between theory and practice in finance, reflecting MIT's philosophy of linking learning with doing.2
Kogan's expertise and research contribute significantly to MIT Sloan's finance program, which has seen record enrollment in its MicroMasters® Program in Finance, with over 50,000 participants from 175 countries.1


