Tufts Alum Eugene Fama Wins Nobel Prize

Here at DCA, we receive a number of reference requests relating to Tufts graduates who have gone on to do amazing things. For some of these graduates, their career trajectories must have been easy to predict from the time they came to the hill. Oliver Platt and Hank Azaria, both noted actors, performed in a number of plays as undergraduates in the Drama department. Gregory Maguire, author of many books, including Wicked, completed his Ph.D. in English and American Literature at Tufts. Gordon S. Wood, the Pulitzer Prize winner who was perhaps immortalized by a certain bar scene in Good Will Hunting, graduated summa cum laude from Tufts, where he began his academic studies in history.

Sometimes, however, Tufts graduates go on to make their mark in unexpected ways. Eugene Fama, one of this year’s recipients of the Nobel Memorial Prize in Economic Science, is one such example. Fama, the Robert R. McCormick Distinguished Professor of Finance at the University of Chicago’s Booth School of Business, spent his time at Tufts studying not economics but French.

However, while Fama’s eventual chosen field might have come as a surprise to some of those who knew him here at Tufts, his level of success likely has not. As an undergraduate, Eugene Fama was a busy, well-rounded, and high-achieving student. In addition to playing both football and baseball, Fama was a member of Phi Beta Kappa, Sword & Shield, and the Society of Scholars. He won a number of awards, including the Cotter Prize for excellence in French, and was selected for Who’s Who in American Colleges and Universities. In his senior year, Fama received a fellowship for graduate study at the University of Chicago, where he earned an MBA and Ph.D. in economics and finance and then remained to teach.

Eugene Fama (left) winning Morgan Stanley-American Finance Association Award, 2008

Congratulations to Eugene Fama – yet another Jumbo making us all proud.

To see Tufts materials related to Eugene Fama and other notable Jumbos, stop by DCA Monday-Friday, 9am-4pm, send us an email, or give us a call at (617)627-3737.