Donna Hitscherich
- Senior Lecturer in Discipline in Business
- Finance Division
- Co-director
- Private Equity Program
- Bernstein Faculty Leader
- Bernstein Center for Leadership and Ethics
- Private Equity Program Co-Director
- Private Equity Program Co-Director

- Areas of Expertise
- Corporate Finance
- Contact
- Office: 1154 Kravis
- Phone: (212) 8540763
- E-mail: [email protected]
- Links
- Curriculum Vitae
Professor Donna M. Hitscherich currently serves as a senior lecturer of Finance, director of the Private Equity Program, and a Bernstein Faculty Leader at the Sanford C. Bernstein & Co. Center for Leadership and Ethics at Columbia Business School. Professor Hitscherich’s courses include Corporate Finance as well as the elective courses Business Law, Mergers and Acquisitions, and Advanced Corporate Finance. In 2002, she was nominated for the Dean’s Award for Innovation in the MBA Curriculum for her presentation of the Advanced Corporate Finance course. She also received the Executive MBA Commitment to Excellence Award from the Berkeley-Columbia EMBA program graduating classes in 2010, 2011, 2012, and 2013 and the Commitment to Excellence Award for EMBA-Americas graduating classes in 2014 and 2017. She was also a BRIDGE Fellow for academic year 2014–2015—Building Relationships with Industry and Defining Graduate Education in Business (BRIDGE)—at Columbia Business School based on an endowed gift which the School allocates each year for faculty members who are working on new initiatives aimed at building relationships with industry practitioners.
Professor Hitscherich has also served as a lecturer in law and accounting at Columbia Law School. From 1988–1990, she was an assistant professor of law at St. John’s University School of Law, where she taught Federal Securities Regulation and Legal Ethics.
Prior to her present position as a senior lecturer at Columbia, Professor Hitscherich had a career in investment banking, holding positions at CS First Boston, J.P. Morgan & Co. Inc., and Banc of America Securities. At J.P. Morgan, she helped found the takeover defense team and served as a senior member of the advisory review committee, which was responsible for all of the M&A fairness opinions issued by the company. As a managing director in the mergers and acquisitions group of Banc of America Securities, she was secretary of the firm’s fairness-opinion review committee and a major contributor to the firm’s training programs for managing directors and associates. Prior to her investment banking career, Professor Hitscherich was a corporate lawyer at Skadden, Arps, Slate, Meagher & Flom.
In addition to an MBA from Columbia Business School, Professor Hitscherich received a BS and JD from St. John’s University and is a NYS certified paramedic.
- Education
-
BS, St. Johns, 1981; JD, 1984; MBA, Columbia, 1990
- Joined CBS
- 1992
All Activities
October 2022 Report: Private Equity Talent
Private Equity Curriculum Pathway
Private Equity Program in Columbia Business Magazine Summer/Fall 2024
Closing the Deal in the Classroom– and Beyond
October 2022 Report: Private Equity Talent
Donna Hitscherich Named Director of Private Equity Program
- Case ID
- 210302
The Battle for Skullcandy — It's Not Over 'Til It's Over
Should the chief investment officer of an event-driven merger arbitrage fund take a position in Skullcandy in the midst of a takeover battle?
- Case ID
- 210301
Material Adverse Effects: Victoria's Secret
Is Victoria's Secret a prudent investment for a female-lead private equity firm in the wake of an attempted quick exit by another PE firm during the COVID-19 pandemic?
- Case ID
- 200310
The Golden Ticket: MediPacket and the Drive to Exit
What option—an IPO, a sale to a financial buyer, or a sale to an industry acquirer—would allow the pharmaceutical manufacturer MediPacket to realize the best outcome for a value-maximizing exit?
- Case ID
- 190306
The Foster-SmartServices Merger-LBO: A Perfect Deal or the Perfect Storm?
What should the 100 day plan be for two outsourced facilities management companies merging who were radically different in style and substance and longtime rivals?
- Case ID
- 110313
J.Crew Group, Inc. The Second Time Around or Another Holiday Shopper?
Should an event-driven merger arbitrage fund act on the early positive outcome of a recently announced buy-out deal for J.Crew?
- Case ID
- 100311
Under Armour Protect this IPO or Sale to Strategic Bidder?
Should Nike make a strategic bid for Under Armour in an effort to derail a planned IPO?
- Case ID
- 90312
Bright Horizons Family Solutions, Inc.: A Great Deal, or Room for Improvement in a Bid by a Strategic Acquiror
As an investment bank prepares to advise a client on a competing bid for a child-care services company, how should the target and potential buyer be valued?