Finance Professor

Industry:
Education
Last Updated:
September 19, 2023

Job Description Overview

A Finance Professor job description involves teaching courses in finance and economics to students at the college or university level. They typically cover topics ranging from investment banking to corporate finance, and often specialize in particular areas such as risk management or financial analysis. Finance Professors also conduct research, write papers, and present their findings at academic conferences.

In addition to teaching and research, Finance Professors may also serve as academic advisors for students pursuing finance degrees. They provide guidance on coursework, career opportunities, and post-graduate studies. They may also be involved in departmental committees, administrative tasks, and community outreach programs.

Successful candidates for a Finance Professor job description typically hold a Ph.D. in finance or a related field and have experience teaching at the college or university level. They must possess excellent communication skills, a passion for teaching, and a commitment to ongoing research and scholarship.

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Job Duties and Responsibilities

  • Teach college students about financial concepts and theories
  • Develop educational materials such as syllabi, instructional papers, and exams
  • Provide grading and feedback to students on assignments and exams
  • Conduct research on various areas of finance and publish articles in academic journals
  • Attend conferences and workshops to stay up-to-date with the latest practices and research findings
  • Advise and mentor students on career development and job opportunities in the finance industry
  • Collaborate with other faculty members in the department to create interdisciplinary coursework and research projects
  • Serve as a member of academic committees and participate in departmental decision-making processes
  • Provide consulting services to corporations and organizations seeking financial advice
  • Provide expert testimony in legal cases involving financial matters.

Experience and Education Requirements

In order to become a Finance Professor, you need to have a lot of education and experience. First, you need to have a Ph.D. in finance or a related field. This means you have to go to college for a really long time and get a degree in something like economics or accounting. Then, you have to go to graduate school and get a Ph.D. This can take even longer than getting your undergraduate degree.

Once you have your Ph.D., you need to have experience in the finance industry. You should have worked in finance for several years, as a financial analyst, accountant, or something similar. This will give you the real-world experience you need to teach others about finance.

Overall, being a Finance Professor is a job that requires a lot of hard work, but it can be very rewarding if you love finance and want to teach others about it.

Salary Range

Finance professors in the US earn an average salary range of $90,000 to $180,000 per year. However, this can vary based on factors such as experience, education level, institution type, and location. Top-ranked universities may offer higher salaries than smaller colleges or regional universities. In other countries, such as Canada and the UK, finance professors can expect a similar salary range to that of the US. For example, in Canada, the average salary for finance professors is around $100,000 to $200,000 per year. In the UK, the salary range is between £40,000 to £125,000 per year. 

Sources: 

  • Glassdoor 
  • PayScale 
  • Indeed

Career Outlook

If you love finance and enjoy teaching, then a career as a finance professor could be an excellent option for you. According to the Bureau of Labor Statistics, the employment of postsecondary teachers, including finance professors, is projected to grow 9% from 2019 to 2029, which is faster than the average for all occupations. This growth is due to the increasing student enrollment in colleges and universities, which directly results in the need for more professors. Additionally, the BLS notes that there is a high demand for business and financial education, which further supports the career outlook for finance professors. Overall, the career outlook for finance professors looks very promising.

Frequently Asked Questions (FAQ)

Q: What is a finance professor?

A: A finance professor is a teacher who specializes in teaching finance to students in colleges and universities.

Q: What qualifications do I need to become a finance professor?

A: To become a finance professor, you typically need a PhD in finance or a related field, as well as relevant work experience in finance or academia.

Q: What does a finance professor teach?

A: A finance professor teaches a range of topics, including corporate finance, investment analysis, risk management, financial markets, and financial modeling.

Q: What skills do I need to be a successful finance professor?

A: To be a successful finance professor, you need strong teaching and research skills, as well as expertise in finance and the ability to communicate complex financial concepts to students.

Q: What is the career outlook for finance professors?

A: The career outlook for finance professors is positive, with growing demand for finance education and research in both academia and industry. Salaries and job opportunities vary depending on the institution and level of experience.


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