Edward Altman
Edward Altman is the Max L. Heine Professor of Finance Emeritus at NYU’s Stern School of Business and serves as Director of the Credit and Fixed Income Research Program at the NYU Salomon Center. Widely regarded as one of the world’s leading authorities on corporate bankruptcy, distressed debt, high-yield bonds, and credit risk analysis, Altman has shaped modern credit research for more than five decades. He is best known as the creator of the Altman Z-Score, the influential quantitative model used globally to assess bankruptcy risk and evaluate corporate financial health. His groundbreaking work has made the Z-Score a standard tool in financial analysis, investment management, and risk assessment. A pioneer in academic finance, Altman co-founded and serves as Executive Editor of the Journal of Banking and Finance. He has authored or edited more than twenty books and published over one hundred articles in leading finance, accounting, and economics journals. Beyond academia, he has consulted for government agencies, major financial institutions, and corporations worldwide, and has delivered executive lectures across North America, Europe, Asia, and Latin America.
Edward Altman Professional Experience / Academic History
Professional Experience
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Professor Emeritus of Finance
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Max L. Heine Professor of Finance
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Professor of Finance
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Profesor Honorario
Academic History
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Ph.D.,Finance
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M.B.A., Business Finance
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B.A., Economics
Term
CURRENT AFFILIATIONS
Founding Member, Museum of American Finance
Chairman, Academic Advisory Council of the Turnaround Management Association
Co-Founder and Coordinator, International Risk Management Conference
Member, Academic Advisory Board
Patron, Pershing Square Signature Theatre Group
RESEARCH & EXPERTISE
Edward Altman’s research has had a profound impact on modern credit risk analysis and bankruptcy forecasting.
His expertise is sought by government agencies, global financial institutions, and major corporations seeking guidance on distressed debt, high-yield markets, and credit modeling.
Altman has served as a consultant to numerous U.S. and international regulatory bodies and has provided expert testimony before the U.S. Congress, the New York State Senate, and other governmental organizations.
His advisory work spans leading financial firms including Merrill Lynch, Salomon Brothers, Citigroup, Concordia Advisors, Investcorp, Paulson & Co., S&P Global Market Intelligence, and RiskMetrics Group.
In addition to his academic and consulting work, Altman has delivered executive lectures across every major region of the world, including North America, South America, Europe, Asia, Africa, and Australia–New Zealand.
RECOGNITIONS
2008 Turnaround Management Association’s Hall of Fame
2005 Treasury & Risk Management's 100 Most Influential People in Finance
2001 Fixed Income Analysts Society Hall of Fame
1985 Graham & Dodd Scroll Award, Financial Analysts Federation
1984 Lauréate Hautes Etudes Commerciales Foundation in Paris