Patrick Cusatis, Ph.D.

Associate Professor of Finance, School of Business Administration
Business Administration Graduate Faculty
Office Phone: +1 717 948 6162
Office Location: Olmsted Building, E356
Mailing Address:

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Dr. Cusatis joined Penn State Harrisburg in 2002. He has been an instructor for Penn State continuously since 1993. He is a principal at Municipal Capital Investments Group, LLC. Prior to joining Penn State, Dr. Cusatis was a senior vice president in charge of municipal derivatives and municipal remarketing at Tucker-Anthony. Before joining Tucker-Anthony, Dr. Cusatis was a director at CoreStates Bank and First Union National Bank. Prior to joining First Union, Dr. Cusatis specialized in municipal new product development for Lehman Brothers in New York City.

Dr. Cusatis has published numerous articles in books and journals including the Journal of Financial Economics, the Journal of Applied Corporate Finance, the Journal of Futures Markets, and the Municipal Finance Journal. His research has been highlighted extensively in the financial press, including The New York Times, The Wall Street Journal, Barron's,Fortune, Forbes, and Business Week. He is co-author of Municipal Derivative Securities: Uses and Valuation (1994, Irwin) and The Streetsmart Guide to Valuing a Stock (1999, 2004 McGraw-Hill) and Hedging Instruments and Risk Management (2005, McGraw-Hill). Dr. Cusatis received a B.S. in finance and a Ph.D. in finance and statistics from The Pennsylvania State University. Dr. Cusatis is also a CFA charterholder.

Research Interests
Corporate restructuring
Derivative securities
Portfolio management
Fixed income capital markets
Municipal finance