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Faculty of the MSF Program

Faculty of the online Master of Science in Finance have long-standing professional finance careers, hold terminal degrees in their discipline, and continually work on research to advance their field and humanity.

Aram Balagyozyan, PhD
Master of Science in Finance Program Director
Dr. Aram Balagyozyan is an assistant professor in Economics/Finance Department at The University of Scranton. He earned his Bachelor of Science from Yerevan State University in Armenia and his Ph.D. from the Graduate Center of the City University of New York, where he has been teaching as an assistant professor of Economics. Previously he served as an adjunct professor at University of New Haven, a visiting professor at Trinity College, a Research Associate at New York State Banking Department and an adjunct professor for the Baruch and Queens Colleges of the City University of New York.

Murli Rajan, PhD
Associate Dean & Associate Professor, Finance 
Dr. Murli Rajan received his Ph.D. from Temple University, specializing in Finance. He joined The University of Scranton in 1989 and is currently the Associate Dean of the Kania School of Management and is an associate professor of Finance. He specialized in Finance, Investments, Portfolio Management, Fixed Income Securities. His accolades include: Finance Teacher of the Year Award (Spring 2008, Spring 2006), Student Choice Award for Excellence in Teaching (Fall 2000). He has also published numerous academic journals and has published research. Dr. Murli Rajan is a member of the CFA Institute, the CFA Society of Philadelphia and the National Association of Forensic Economics. He serves as a consultant to the CFA Institute and as an expert witness testifying on matters related to economic damages.

Jinghan Cai, PhD
Assistant Professor, Finance
Dr. Jinghan Cai holds two PhDs: One in economics from Boston College and another in finance from City University of Hong Kong. His bachelor’s degree in finance was earned at Renmin University of China. Dr. Cai’s teaching interests include investment, corporate finance, financial markets, statistics and econometrics. His professional work history the Shenzhen Stock Exchange and the Bank of China.

Dr. Satyajit Ghosh, PhD
Professor, Economics
Dr. Satyajit Ghosh, Professor of Economics has been teaching at the Kania School of Management, University of Scranton, since 1986. Until summer 2010 he was the Chair of the Economics and Finance department at the University -a position that he held for more than fifteen years. He has a Ph. D. in Economics from the State University of New York at Buffalo. An expert in the areas of Economic Development, Economic Theory and Policy, Dr. Ghosh has written numerous scholarly articles in economics. He has presented his scholarly work in academic and professional conferences all over the world. At the University he received the award for the best teacher in economics. He regularly provides expert's analysis on local and national economic issues for newspaper articles and T.V. and radio broadcasts. Since 2001, Dr. Ghosh has been a member of the Economic Forum of the Community Leaders of North Eastern Pennsylvania. The forum organized by the Scranton Times, the largest newspaper in northeastern Pennsylvania, discusses economic outlook for the region in an effort to shape its developmental efforts. He is a consultant for leading publishing companies including Prentice Hall, Addison Wesley and Worth Publishers. He advises these companies on various issues on higher education and develops on-line interactive teaching materials for them. He serves on the Board of Directors of the PCM Foundation - a foundation that provides scholarships to graduate students.

Riaz Hussain, PhD CFA
Associate Professor, Finance
Dr. Riaz Hussain holds two PhDs: one in Physics from Johns Hopkins University, and one in finance from Lehigh University. He joined The University of Scranton as a faculty member in 1967, teaching physics for 18 years before switching to finance.

Dr. Hussain is a former director of the MBA Program (2002-2005) and was an Alperin Teaching Fellow (2001-2004) — he’s currently an associate professor of finance at the University. He regularly teaches courses in investments, portfolio theory, derivative securities, and financial management to MBA and undergraduate students. Since 1999, he has been the faculty moderator of PRISM Group, a group of undergraduate students who have the responsibility of investing a part of the University’s endowment fund.

Dr. John Kallianiotis, PhD
Professor of Finance
Dr. John Kallianiotis earned his PhD from City University of New York Graduate Center (Baruch College) in 1990 and then joined The University of Scranton. He is a current professor of finance, and has taught courses in international finance, financial institutions, money and banking, capital investment and structures, managerial finance, international financial markets and institutions, European financial markets, macroeconomics and monetary policy and more. His research interests include international finance, the exchange rate, public policy, and the European Union. Professor Kallianiotis has edited, co-authored, and contributed to a dozen of books and has published 160 articles in journals, proceedings, and papers.

Dean Michael Mensah, PhD
Dean, Kania School of Management at The University of Scranton
Dr. Michael O. Mensah earned his PhD degree in Business Administration (Accounting and Quantitative Management Science) from the University of Houston in 1989. He graduated with honors from the University of Ghana with the BS degree in 1975.

He was professor and chair of accounting at The University of Scranton until his appointment as dean of the Kania School of Management in 2005. Dr. Mensah's research investigates financial instruments in corporate financial reporting. He has made presentations at academic meetings and authored articles in several journals, including Journal of Business Finance and Accounting, Business Insights, International Journal of Business and Economic Research, Journal of Applied Business and Economics, and Information and Management.

John A. Ruddy, DPS, CFA, CPA
Assistant Professor in Economics and Finance
Dr. John A. Ruddy holds a DPS with a focus in Finance from Pace University in NYC. He is also a Certified Public Accountant and Chartered Financial Analyst. Dr. Ruddy holds an MBA in Finance and Investments from The George Washington University, Washington, DC and a BS in Accounting from The University of Scranton, Scranton, PA. He is currently an assistant professor in the Economics and Finance Department of The Arthur J. Kania School of Business.

Dr. Ruddy began his career as an auditor for the federal government and has worked for a Big Four accounting firm and several money-center financial institutions. Most recently, he worked as a structured products specialist with the Black Swan Consulting Group. He previously served as the Finance Committee Chairman of the Scranton Preparatory School's Board of Trustees and currently serves on the Howard Gardner School Board. He joined The University of Scranton as an adjunct professor in 2004.

The University of Scranton has thrice recognized Mr. Ruddy for his teaching efforts: twice by the Kania School of Management for the 2013-2014 and the 2016-2017 Outstanding Professor of the Year awards, and in May of 2014, he was the recipient of The University of Scranton’s Teacher of the Year award, as selected by the 2014 Graduating class.

Dr. Iordanis Petsas, PhD
Associate Professor of Economics
Iordanis Petsas earned his PhD in Economics from the University of Florida, and his BA and MA in Economics from Aristotle University of Thessaloniki, Greece. He is an associate professor of economics and the Chair of the Department of Economics and Finance. He previously served as a visiting associate professor of economics at the Bert W. Wasserman Department of Economics and Finance at Baruch College, City University of New York and as a visiting scholar at the Chazen Institute of International Business at the Graduate School of Business at Columbia University. Dr. Petsas teaches international economics and international business.

Dr. Petsas has an active research agenda and has published over 14 journal articles and conference proceedings and made over 30 presentations at international, national and regional conferences. His current research examines the effects of general purpose technologies on economic growth and international trade and his research has been published, among others, in the Journal of Evolutionary Economics, Review of Development Economics, and International Journal of Business and Economics. He serves on the Editorial Board of Journal of Modern Economy. He has been a Research Associate for the Public Utility Research Center and for the Center for International Business Association & Research at the University of Florida.

Dr. Petsas maintains membership in the Academy of International Business, the American Economic Association, and the Eastern Economic Association. He currently serves as the Chapter President for Beta Gamma Sigma (the international honor society serving business programs accredited by AACSB International) at The University of Scranton.

Dr. David Salerno, Ph.D., CPA.
Associate Professor, Accounting
Dr. Salerno is an Associate Professor of Accounting at the University of Scranton. He teaches financial accounting and financial reporting & research at the graduate level. He also teaches undergraduate courses in financial accounting, cost accounting, and financial statement analysis. Dr. Salerno earned his PhD at Kent State University in Kent, OH, concentrating in accounting and minoring in finance and statistics. While at Kent State, he taught graduate and undergraduate courses in financial and managerial accounting and was granted Kent State University’s Teaching Fellow Award. Dr. Salerno’s research interests include earnings quality, financial analyst forecasts, and executive compensation. He has done extensive research in earnings quality and has published his work in both academic and professional accounting and finance journals. Before his academic career, Dr. Salerno worked as a cost and pricing specialist for various manufacturing firms. He subsequently obtained his CPA license and worked for several years in public accounting performing audits and tax preparation for both for-profit and not-for profit organizations. After earning his PhD, Dr. Salerno joined the accounting faculty at the University of Scranton’s Kania School of Management in the fall of 2011.