Michael Schill headshot
MS

Michael J. Schill

Professor
Unit: Darden School of Business
Department: Darden Graduate School of Business
Office location and address
FOB 255
90 Darden Blvd
Charlottesville, Virginia 22903
Education
B.Sc., Brigham Young University
MBA, INSEAD
Ph.D., University of Washington
Biography

Michael J. Schill is a professor in Darden's Finance area. His research spans empirical questions in corporate finance, investments and international finance, and he has been published in such major finance journals as the Journal of FinanceReview of Financial Studies and the Journal of Financial Economics.

Recent research investigates the post-deal returns of acquiring firms, asset-growth effects in stock returns, and gains to foreign stock exchange listing and foreign currency borrowing. He is the author of over 30 case studies and technical notes and co-authored the case textbook Case Studies in Finance: Managing for Corporate Value Creation, published by McGraw-Hill/Irwin.

Schill teaches the core finance course in the full-time MBA program at Darden and the Financial Trading elective. He has also taught at the University of California-Riverside, the University of Cambridge, and the University of Melbourne. Prior to teaching, he worked as a management consultant with Marakon Associates in Stamford, CT, and London. He holds a bachelor's degree from Brigham Young University, an MBA from INSEAD and a Ph.D. from the University of Washington.

GBUS 7251: Financial Management and Policies
Credits: 2
This corporate-finance course focuses on corporate policy and the tactics that increase the value of the corporation. The course starts by stressing how managers interface with the capital markets to learn the return required by the firm's different investors. This required return, or cost of capital, is used later as the key variable to assess whether capital-investment proposals can create value for stakeholders. Prerequisites: Restricted to Darden students.
GBUS 7252: Financial Management and Policies
Credits: 3
This corporate-finance course focuses on corporate policy and the tactics that increase the value of the corporation. The course starts by stressing how managers interface with the capital markets to learn the return required by the firm's different investors. This required return, or cost of capital, is used later as the key variable to assess whether capital-investment proposals can create value for stakeholders. Prerequisites: Restricted to Darden students.
GBUS 8170: Managerial Finance
Credits: 2
Managerial Finance reinforces and builds on the material covered in the core finance course, Financial Management and Policies, and is considered a capstone finance course for those seeking careers in fields outside of finance, such as general management, consulting, marketing, operations, or entrepreneurship. The course is designed to solidify core concepts and skills in financial management and maintains a tone that makes it approachable to all.
GBUS 8500: Special Topics Seminar
Credits: 2–3
Each seminar is a course of study for students with special interests in business administration topics not currently included in the normal course offerings of the MBA Program. The seminar topics should be consistent with the objectives of the Second Year Program.
GBUS 8514: NOLS Experiential Leadership - Patagonia
Credits: 2
The course is structured around an 8-day NOLS expedition in the beautiful and rugged mountains of Patagonia during Early Q4. Students will spend this time honing practical leadership strategies and technical outdoor skills. On a daily basis, students will be challenged to exercise individual decisiveness while simultaneously facilitating excellent teamwork, skills relevant to both life at Darden and future business success.
GBUS 8530: Global Immersion
Credits: 2
This Darden Worldwide Course aims to develop a deeper understanding of a particular global business environment, what it takes to successfully enter and understand new business contexts, and how to develop a mindset as a leader across different cultures and institutions. The course accomplishes this by immersing students on-site in a new context to study these issues through engagement with local executives, global and local companies and organizations, meeting with government and community leaders, exploring activities of cultural and historical significance, and meeting with peers.
GBUS 8623: Financial Trading
Credits: 2
This course examines the nature and influence of trading in financial markets. Trading is a repeated-play game that usually entails making numerous decisions under conditions of uncertainty. In the course, particular attention is directed to the role of noise in financial markets; cognitive illusions and pitfalls in decision making by market participants; the identification of potentially profitable trades; the development of sound money management skills, arbitrage and quasi-arbitrage transactions; positive feedback trading, back office processing of trades; the management of the trading function; and the development of various expert trading systems. Two mock pit-trading sessions will give students firsthand experience in simulated pit-trading environments and illustrate necessary trading skills. A simulated trading game runs for most of the course. Guest lectures in class from top traders as well as the interviews of top traders in the texts provide diverse perspectives on trading by successful traders.
GBUS 8999: Darden Independent Study
Credits: 2–3
A Darden Independent Study elective includes either case development or a research project to be conducted by an individual student under the direction of a faculty member. Students should secure the agreement of a resident faculty member to supervise their independent study and assign the final grade that is to be based to a significant degree on written evidence of the individual student's accomplishment.