Born in Bratislava, Slovak Republic, she earned her PhD degree from the School of Economics in Bratislava. Further professional training included the Comenius University, Bratislava; the University of Athens and Georgetown University in Washington, D.C. Ms. Schmögnerová worked as a researcher in the Institute of Economics, Slovak Academy of Sciences, and as a lecturer at the University of Economics, Bratislava.
Ms. Schmögnerová served as an economic adviser to the President of the Slovak Republic (1993), Deputy Prime Minister (1994), Member of Parliament (1995-1998) and Finance Minister (1998-2002). After leaving domestic politics Ms. Schmögnerová served as an Executive Secretary of the United Nations Economic Commission for Europe (UNECE), at the Under-Secretary-General level (2002 – 2005) and as a Vice President of the EBRD for Human Resources, Procurement and Administration, later for Environment, Procurement and Administration (2005 – 2010).
After relinquishing the post in the EBRD she read lectures at the Faculty of Management, Comenius University in Sustainable Management of Business and at the Bratislava Institute of Liberal Arts in Economics & Politics. Currently she is an independent researcher in financial capitalism and money management, political economy of corporation, regulation and corporate welfare.
She is a professional advisor of the Czech and Slovak Academy of Social Democracy and a President of the non-governmental organisation PROFORUM.
In 2000 Ms. Schmögnerová was awarded the World Finance Minister of the Year Award by Euro money Institutional Investor PLC. She is an author of more than fifty academic papers, author of three books and co-author of number of academic books in economics.