Lakshmi Balasubramanyan | Weatherhead School at Case Western Reserve University
Lakshmi Balasubramanyan - Assistant Professor, Banking and Finance

Faculty – Lakshmi Balasubramanyan

Assistant Professor, Banking and Finance
Peter B. Lewis Building 322
Office Hours: By appointment

Lakshmi Bala, PhD, assistant professor of Banking and Finance joined Weatherhead School of Management in 2017. She earned her PhD and MS from Penn State University. She teaches graduate-level courses in Credit Risk Analytics, Capital Markets and Banking. Her undergraduate teaching areas include Financial Modeling, Advanced Analytics and Corporate Finance.

Prior to joining Case, Lakshmi was a Research Economist and Senior Quantitative Specialist in Banking Supervision and Regulation of the Federal Reserve Bank of Cleveland.

Lakshmi is a co-founder of FinTechnova, LLC. She is an ardent supporter of female entrepreneurship and representation of women in the field of Finance and Financial Analytics. Currently, she is a faculty advisor for Weatherhead Women in Business. She believes all women should strive to INSPIRE fellow women by Innovating, Networking, Supporting, Promoting, Informing, Reaching out and encouraging Entrepreneurship among women. She is a frequent media contributor to Cleveland Channel News 5 on topics of financial literacy, access and inclusivity of finance through better education and technology.


PhD, Penn State University, 2008
MS, Penn State University, 2005
MA, The National University of Singapore, 2003
BA, The National University of Singapore, 1999

Initially Appointed: 2011

Interests and Courses

Recent Courses and Syllabi

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Selected Publications

  • Balasubramanyan, L., Berger, A. N., Koepke, M. (2017).
    How do lead banks use their Private Information in the Syndicated Loan Market?   Journal of Financial Stability.


  • Balasubramanyan, L. (Panelist/Discussant)  AIRA- Annual Conference on Credit Risk and Loan Portfolio Quality Issues, "State of Banking Industry: where are we post-COVID?", Association of Insolvency and Restructuring Advisors (AIRA), Cleveland OH . (2022).
  • Balasubramanyan, L. (Presenter & Author)  NBER Summer Institute : Risks of Financial Institutions, "Causal Impact of Risk Oversight Functions on Bank Risk: Evidence from a Natural Experiment", National Bureau of Economic Research, Boston, MA. (2019).

Academic and Professional Activities

  • Faculty Advisor, Women in Finance, 2021 - 2031
  • Faculty Advisor, Weatherhead Women in Business, 2020
  • Committee Member, UGIS: Undergraduate Curriculum Committee, 2019 - 2023


  • Intramural Grant, Weatherhead School of Management. (2021).
  • 2020 Carl F. Wittke Award Nomination for Excellence in Undergraduate Teaching, (2020).
  • NORD Grant , UCITE. (2019).