Faculty Directory
Yuri Balasanov

Professor of Instruction

Deputy Director of the Master of Science in Machine Learning and Data Science Program


2311 N Campus Dr
Suite 1400
Evanston, IL 60208

Email Yuri Balasanov


Master of Science in Machine Learning and Data Science Program

Master of Science in Information Technology Program


PhD in Probability Theory and Mathematical Statistics, Lomonosov Moscow State University, Russia

MS in Applied Mathematics, Lomonosov Moscow State University, Russia


Dr. Balasanov has been a financial industry practitioner for more than 20 years, working at leading financial institutions as data scientist, leading quantitative researcher, risk manager and quantitative trader. Professor Balasanov has been a member of Advisory Committee for project “Developing a Deep Learning-Computer Vision Framework to Monitor Avian Interactions with Solar Energy Facility Infrastructure,” for the U.S. Department of Energy. He also advised other significant industrial projects.

Professor Balasanov earned his Master of Science degree in Applied Mathematics and Ph.D. in Probability Theory and Mathematical Statistics from the Lomonosov Moscow State University, Russia, where he studied under Andrey Kolmogorov and leading members of his school. His primary expertise and research interests are in the areas of stochastic modeling, advanced data analysis and AI, digital transformation, risk evaluation and decision making under uncertainty.

Yuri Balasanov taught at Graduate Program on Financial Mathematics (MSFM) and Graduate Program on Applied Data Science at the University of Chicago from 1997 until 2023. The list of courses on his curriculum includes Fixed Income Derivatives, Mathematical Market Microstructure, Linear and Nonlinear Statistical Analysis, Machine Learning, Bayesian Methods, Advanced Machine Learning and AI, Real Time Analysis, Robotics, Financial Analytics, Text Analytics. Dr. Balasanov has provided training for the industry, including FRB Chicago, FRB Philadelphia, PwC, Chicago Trading Company, and other organizations.