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Spring 2021 Advisory

Find the latest information SPS's plans for the Spring and University resources. Message from the Dean.
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Steven G. Mandis

Lecturer; Chairman and Senior Partner, Kalamata Capital

Steven G. Mandis is an adjunct professor at Columbia Business School, where he teaches M.B.A. and executive M.B.A. students about strategic issues facing investment banks and the European financial crisis. Mandis focuses on economic sociology as well as organizational culture and innovation. His book, What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and its Unintended Consequences published by Harvard Business Review Press, is based on work for his Ph.D. dissertation.

Currently, he is working on CBS Case Studies and a book about Real Madrid Football Club that analyzes aligning strategy and culture both on and off the field. Mandis worked at Goldman Sachs in the investment banking, private equity, and proprietary trading areas. He assisted Hank Paulson and other senior executives on special projects and was a portfolio manager in one of the largest and most successful proprietary trading areas at Goldman. After leaving Goldman, he co-founded a multibillion-dollar global alternative asset management firm that was a trading and investment banking client of Goldman's. During the financial crisis, Mandis was a senior adviser to McKinsey & Company before becoming chief of staff to the president and COO of Citigroup and serving on executive, management, and risk committees at the firm.

Mandis is Chairman and Senior Partner of Kalamata Capital, a provider of online small business financing. He was awarded the Ellis Island Medal of Honor, given to children of immigrants who exemplify a life dedicated to community service. Mandis was a two-sport varsity athlete in college and currently competes in triathlons, including having competed in the Ironman World Championships in Kailua-Kona, Hawaii; Ironman 70.3 World Championships in Zell Am See-Kaprun, Austria; and Escape from Alcatraz in San Francisco, California.


  • Ph.D., Columbia University (honorary Paul F. Lazarsfeld Fellow)
  • M.Phil., Columbia University
  • M.A., Columbia University
  • A.B., The University of Chicago


  • What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and its Unintended Consequences (Harvard Business Review Press, 2013)