Andrew Carver, Ph.D.

Andrew Carver, Ph.D., CFA brings to Wharton Valuation professional experience in equity research and derivative risk management as well as academic experience as a finance professor and researcher. Dr. Carver has worked on a number of projects at Wharton Valuation, many involving the application of option pricing methods. He has significant experience applying numerical techniques such as Monte Carlo simulation and binomial lattices to value warrants and other investments with embedded options. Previously, he worked as an Equity Research Analyst at Morningstar Inc., covering the banking sector. There he analyzed and valued dozens of regional banking firms. Earlier in his career, he served as an associate on the currency options desk at NationsBanc-CRT, where he provided pricing and risk management for currency options. Dr. Carver was a faculty member at the Department of Finance and International Business at The College of New Jersey’s School of Business. He graduated from Duke University with a BS in mechanical engineering and economics, and earned his Ph.D. and MS from the Department of Management Science and Engineering at Stanford University.