Klapper received her B.S. in Economics and Math (with Honors) at the State University of New York at Binghamton in 1990. Klapper then earned her Ph.D. in Financial Economics from the Stern School of Business at New York University in 1998 where she specialized in Corporate Finance, Financial institutions, and wrote her final dissertation "Essays on Collateralization". While at the Stern School of Business, Klapper earned the Dean's "Outstanding Teaching Award" for a graduate instructor (1997), the Berkley Center for Entrepreneurial Studies Fellowship (1996-1998), and the University Doctoral Fellowship at New York University (1993-1996).
