Anggoro Budi Nugroho, MBA



Anggoro is a full-time lecturer in Bandung Institute of Technology (ITB) School of Business and Management. He finished his bachelor study in Finance, Gadjah Mada University (2003) with final project of state-owned enterprise corporate restructuring impact to financial performance in PT. Telekomunikasi Indonesia, Tbk, and MBA in business risk and finance with cum laude from ITB (2009). In 2003, he also received International Course on International Economics & Business Management from Fachohschule Schmalkalden, Thuringen, Germany.

His master thesis concerned with risk management in financial industry. His career stretched from junior economist in Penelitian dan Pengembangen Ekonomi (PPE) Gadjah Mada University (2004), Procurement Analyst in ConocoPhillips Indonesia (2009), expert staff of Indonesia President Unit for Development Monitoring and Oversight/UKP4 (2011) and ITB lecturer (2011-today). Today he is part of the Department of Finance in the faculty.

He has interest in corporate finance, economics and financial institutions such as capital market and banking issues. His papers such as “Modigliani-Miller Revisited: Capital Structure Impact on Indonesia’s Cigarette Companies Value” (2013), “Cointegration Analysis of Indonesian Money Market Term Structure: Testing for Expectation Hypothesis“ (2013) and "Advantages of Investing on Sharia Financial Instruments Using Modern Portfolio Theory Approach" (2014), accepted various Best Paper awards from international conferences he presented in.

He published a number of books, which are "History of Economic Thoughts" (2018), "Growth and Stability: A Collection of Essays in Public Media" (2016), both of which are in Indonesian language, and "Financial Intermediation and Market Discipline in Indonesian Banking Sector" (2014).


MB1101 - Introduction to Business
MB2108 - International Trade and Finance
MB3101 - Economics
MB4042 - Capital Market
MB4056 - Bank Management and Financial Services
MB5000 - Fundamentals of Corporate Finance
MB5002 - Fundamentals of Financial Knowledge
MM5006 - Business Economics
MM5007 - Financial Management
MM6023 - Capital Market Analysis