Michael Faulkender

Michael Faulkender
United States Deputy Secretary of the Treasury Nominee
Assuming office TBD
President	Donald Trump
Succeeding	Wally Adeyemo
Assistant Secretary of the Treasury for Economic Policy
In office August 6, 2019 – January 20, 2021
President	Donald Trump
Preceded by	Karen Dynan
Succeeded by	Ben Harris
Personal details
Education	University of California, Davis (BS) Northwestern University (PhD)

Michael Faulkender is the Dean's Professor of Finance and former associate dean of master's programs and professor of finance at the Robert H. Smith School of Business at the University of Maryland.[1] He is known for his research on executive compensation and the corporate tax practices of multinational firms.

On December 4, 2024, U.S. president-elect Donald Trump nominated Faulkender as deputy U.S. treasury secretary. In Trump's first term, Faulkender served as the assistant secretary of the treasury for economic policy.[2]

As associate dean at Maryland Smith, he helped create the business school’s online master of science degree in business analytics.[3]

Research

Faulkender was awarded the Barclays Global Investors' Michael J. Brennan Best Paper Award in the Review of Financial Studies in 2013, for "Investment and Capital Constraints: Repatriations Under the American Jobs Creation Act," co-authored with Mitchell Petersen. Faulkender was a runner-up for that prize in 2006.[4][5]

Education

Professor Faulkender received B.S. in Managerial Economics from the University of California, Davis in 1994 and his PhD in finance from Northwestern University in June 2002.[6]

References

1. "Michael Faulkender". Robert H. Smith School of Business, University of Maryland.
2. "President Donald J. Trump Announces Intent to Nominate Personnel to Key Administration Post". The White House.
3. GmbH, finanzen net. "Maryland Smith to Offer Online Master of Science in Business Analytics Degree | Markets Insider". markets.businessinsider.com.
4. "Awards – The Review of Financial Studies". 20 August 2012.
5. Faulkender, Michael; Petersen, Mitchell (1 August 2009). "Investment and Capital Constraints: Repatriations Under the American Jobs Creation Act". Review of Financial Studies. Working Paper Series. doi:10.3386/w15248 – via National Bureau of Economic Research.
6. "Michael Faulkender CV" (PDF). University of Maryland.