Isil Erel

Isil Erel, associate professor of finance at the OSU Fisher College of Business, holds a PhD in financial economics from MIT Sloan School of Management. She received her Bachelor of Arts in economics and business administration from Koc University, Turkey. Her research spans a variety of areas within corporate finance, with particular emphasis on mergers and acquisitions, corporate governance, and banking. This research has been published in top finance journals such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. Erel teaches Financial Institutions in both MBA and undergraduate programs at Fisher.

Dr. Erel was the 2010 recipient of the Fisher College of Business Pace Setters Faculty Research Award. She also received the Distinguished Referee Award from the Review of Financial Studies in 2012. She has been a Fisher Research Fellow (since 2011) and also a National Center for the Middle Market Research Fellow (since 2012).

Areas of Expertise

  • Corporate Finance
  • Mergers and Acquisitions
  • Corporate Governance
  • Banking


  • PhD in finance from the MIT Sloan School of Management
  • Bachelor of Arts in economics and business administration from Koc University, Turkey
FIN 4260 - Financial Institutions

Basic financial institutions that play a role in corporate finance and investments including commercial banks, investment banks, and insurance companies.

FIN 4262 / 7260 - Management of Financial Institutions

This course is concerned with key problems that managers of financial institutions face. We will begin with an overview of financial institutions – how major types of institutions are structured, how this structure relates to their functions, and some industry trends. Next we will focus on managing different types of risks: interest-rate risk, credit risk, and off-balance-sheet risk; emphasizing basic ideas, tools, and business applications. Then we will have a case discussion on bank mergers. We will also discuss the evolution of the financial services industry, causes and consequences of the 2008 credit crisis, and the response of the regulators. The course is essential to anyone planning a career in financial services or in an area such as consulting or corporate treasury that works closely with financial institutions.


  • E-mail


    (614) 292-5174

    (614) 292-7062

    Department of Finance
    Fisher College of Business
    The Ohio State University
    832 Fisher Hall
    2100 Neil Avenue
    Columbus, OH 43210