Program Experience

In Wharton on the Markets, you will:

  • Understand the latest COVID-19 news in terms of the impact on your financial portfolio
  • Better interpret economic data on unemployment, retail, and disease conditions, and extract actionable insights
  • Get expert pandemic projections based on the Penn Wharton Budget Model
  • Learn about the current state of key sectors including private equity, real estate, energy, and pensions
  • Explore macro-trends such as the anticipated multi-trillion-dollar deficit and its long-run consequences for the economy
  • Benefit from the invaluable perspectives of Wharton’s world-class finance experts

Wharton On Series: Real-time return you can use right away

This Wharton LIVE series will feature a rotating lineup of Wharton Finance faculty who will discuss different investment and economic topics each week and answer questions throughout the one-hour session. Join us for powerful new knowledge and up-to-the-minute insights that you can use right now and to help you make better investment decisions for the future.

Program Duration:

  • January 11 – March 29, 2021
    A high-octane hour of content offered on Mondays for 12 consecutive weeks.

With the global pandemic and today’s swiftly changing financial conditions, “investing as usual” is no longer an option. Professional investors need to find a new path forward. This is a time to look to experts and researchers with decades of experience studying financial catastrophes and downturns, who can help interpret the ever-growing stream of data with model-based insights.

Wharton on the Markets invites you to spend time virtually with some of the world’s top financial and economic experts so you can make more strategic, confident investment decisions in the midst of this crisis. After this program, when you read the latest financial news, disease statistics, or economic data, you will more fully understand the implications for the various pieces of the portfolio you supervise or for the investors you serve.

The series will be conducted by a group of award-winning Wharton scholars led by Professor Nikolai Roussanov and will feature conversations with distinguished speakers Mohamed El-Erian and Jeremy Siegel.

Each week a rotating lineup of faculty speakers will discuss a different topic, addressing key questions on the minds of investors. For example, as factor investing in equity markets has become democratized, did it serve to protect investors from outsize losses at the onset of the COVID-19 pandemic, and does it have a viable future? With the gap between the valuations of the leading tech names and much of the rest of the stock market widening even further, is value investing dead? As the U.S. government action to contain the economic damage from the pandemic results in a projected four-trillion-dollar deficit, what does this unprecedented fiscal expansion mean for the U.S. government debt going forward? How does the ongoing crisis impact the continuing transformation in fixed income markets due to the fact that LIBOR, the most popular benchmark interest rate, is likely to disappear by 2021–2022? How have retirement systems fared in the wake of the COVID shock, and how can they be made more resilient going forward?

You will delve into the Penn Wharton Budget Model, a nonpartisan, research-based initiative that provides accurate, accessible, and transparent economic analysis of public policy’s fiscal impact and consider an extensive simulation of how the pandemic might develop in the near future. The faculty will also bring you a close-in view of what’s happening in specific segments of the economy, both those most visibly affected, such as energy markets, and those that are more opaque, such as private equity. Finally, the experts will bring you the big picture, tying it all together: the pandemic’s path, the markets, and the macro-economy. They will answer audience questions as well.

In this unprecedented time, conventional investing wisdom is no longer sufficient. Look to Wharton on the Markets for unparalleled, cutting-edge insights and perspectives you need now.

Session topics include:

  • Dynamics of the pandemic, and simulating the consequences of re-opening the economy
  • Factor investing in the current environment: Is value investing dead?
  • The end of LIBOR: fixed income markets in transition
  • Macro news and monetary policy
  • The current state of affairs in:
    • Private equity
    • Real estate
    • Energy
    • Pensions
    • Other key sectors

Who Should Attend

Job titles or roles may include:

  • Professional investors
  • Financial advisors
  • Wealth and high-net-worth advisors
  • Pension and bond plan managers
  • Financial analysts
  • Financial consultants

Group Enrollment

To further leverage the value and impact of this program, we encourage companies to send cross-functional teams of executives to Wharton. We offer group enrollment benefits to companies sending four or more participants.


Nikolai Roussanov

Nikolai Roussanov, PhDSee Faculty Bio

Academic Director

Moise Y. Safra Professor of Finance, The Wharton School

Research Interests: Interaction between asset pricing and macroeconomics

Joao Gomes

Joao Gomes, PhDSee Faculty Bio

Howard Butcher III Professor of Finance; Professor of Economics; Chairperson, Finance Department, The Wharton School

Research Interests: Macroeconomics and financial markets, quantitative corporate finance, corporate investment and financing

Itamar Drechsler

Itamar Drechsler, PhDSee Faculty Bio

Associate Professor of Finance, The Wharton School

Mohamed El Erian

Mohamed El-Erian, PhD See Faculty Bio

Senior Global Fellow, The Lauder Institute Professor of Practice, Wharton Management Department, The Wharton School

Christopher Geczy

Christopher Geczy, PhDSee Faculty Bio

Adjunct Professor of Finance; Academic Director, Wharton Wealth Management Initiative; Academic Director, Jacobs Levy Equity Management Center for Quantitative Financial Research, The Wharton School

Erik Gilje

Erik Gilje, PhDSee Faculty Bio

Assistant Professor of Finance, The Wharton School

Urban Jermann

Urban Jermann, PhDSee Faculty Bio

Safra Professor of International Finance and Capital Markets, The Wharton School

Olivia Mitchell

Olivia Mitchell, PhDSee Faculty Bio

International Foundation of Employee Benefit Plans Professor, Professor of Business Economics and Public Policy, Professor of Insurance and Risk Management; Executive Director, Pension Research Council, The Wharton School

Research Interests: Economics of public and private pensions, employee benefits and compensation, risk and crisis management

Jeremy Siegel

Jeremy Siegel, PhDSee Faculty Bio

Russell E. Palmer Professor of Finance, The Wharton School

Research Interests: Demographics, financial markets, long-run asset returns, macroeconomics

Todd Sinai

Todd Sinai, PhDSee Faculty Bio

David B. Ford Professor; Professor of Real Estate; Professor of Business Economics and Public Policy; Chairperson, Real Estate Department, The Wharton School

Research Interests: Commercial real estate and real estate investment trusts, real estate and public economics, risk and pricing in housing markets, taxation of real estate and capital gains

Kent Smetters

Kent Smetters, PhDSee Faculty Bio

Boettner Professor; Professor of Business Economics and Public Policy, The Wharton School

Research Interests: Annuity markets, social insurance programs, tax reform

Bilge Yilmaz

Bilge Yilmaz, PhDSee Faculty Bio

Wharton Private Equity Professor; Professor of Finance; Academic Director, Joshua J. Harris Alternative Investments Program, The Wharton School

Research Interests: Corporate finance, alternative investments, game theory, political economy

Date, Location, & Fees

January 11 – March 29, 2021LIVE Virtual$1,575Offered 12 consecutive Mondays

Because this speaker series does not require any academic work on the part of participants, no certificate of attendance is provided.

Prices are subject to change.

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