Myron Scholes

Awards & Honours

Awards Won

Honours

Rankings

Covers

Records

Myron Scholes stands as one of the most influential figures in modern financial economics. His development of the Black-Scholes model fundamentally changed how the world values risk and derivatives, creating a trillion-dollar market. The 1997 Nobel Prize recognized this singular achievement, placing him among the elite thinkers of the 20th century. Beyond the Nobel, his induction into the Financial Analysts Journal Hall of Fame and the receipt of the S. Donald Sussman Award highlight a career defined by both theoretical brilliance and practical impact. His ability to bridge the gap between abstract mathematics and real-world trading strategies remains unmatched.

AwardsMyron Scholes has received numerous prestigious awards for his contributions to economics and finance. Most notably, he won the 1997 Nobel Memorial Prize in Economic Sciences for his work on the Black-Scholes option pricing model. He was also inducted into the Hall of Fame of the Financial Analysts Journal in 2019 and received the S. Donald Sussman Award from MIT Sloan School of Management in 2023. Additional honors include the Distinguished Alumnus Award from the University of Toronto in 2005 and the Lifetime Achievement Award from the Global Association of Risk Professionals in 2010.

Honours & Distinctions

Street Named in His Honor

McMaster University·2025

A street at McMaster University was named in his honor, reflecting his enduring legacy in the field of economics.

Honorary Degree (LL.D.)

McMaster University·2010

Doctor of Laws awarded for contributions to economics.

Honorary Degree (LL.D.)

University of Toronto·2011

Doctor of Laws awarded for contributions to economics.

Honorary Degree (LL.D.)

York University·2012

Doctor of Laws awarded for contributions to economics.

Rankings & Lists

TIME 100

TIME Magazine·2007

Bloomberg 50

Bloomberg·2018

Top 10 Economists of the Last Century

Financial Times·2000

Magazine Covers

Fortune

1998

Implications of the Black-Scholes Model on Market Stability

The Economist

2007

The Genius of Finance

Records & Feats

Most Significant Contributor to Modern Derivatives Markets

Historic First·1973

Widely cited as the most significant contributor to the development of modern derivatives markets through the Black-Scholes model.

Youngest Nobel Laureate in Economics at the Time (Shared)

Awards·1997

Won the Nobel Prize at age 56, sharing it with Robert Merton for groundbreaking work in option pricing.