How can I become a Finance professor?
I do not find joy or happiness working in the industry and do not see myself staying in the fin services industry for the long term. I have always liked teaching and writing research papers so naturally I'd like to be a professor or college teacher. I might even work with TTS or WSP with the Finance and Accounting training.
My entire college experience was being a T.A, tutor, and research assistant for business classes and I loved every single second of it.
I always valued the few professors that made learning awesome and I want to be one of those professors that truly had passiom for teaching and learning.
How can I use my industry experience (tentatively 5 years across IB and REPE) to become a professor or university lecturer?
Fall in love with the efficient markets hypothesis, make love with every page of the textbook that mentions it. Use the phrases, "keeping all factors the same", and "ignoring transaction costs" as often as possible.
Young dingo, I feel you've earned a SB. I'm not giving you one, but at least you know you've earned it.
More seriously, you’d have to probably get a PhD. It might be easier to get a PhD from a Business School program given your experience but I don’t think there is an easy path unless you have another 15 plus years of interesting experience that makes you worthy as an opinion provider in the classroom.
I was planning on getting an MBA and then going to teach. Would getting an MSF then a PHD a better option?
You could become a lecturer without a PhD but that doesn’t pay very much and offers little job security. You’d probably have to do a PhD at a good business school to be able to land a good tenure-track job and do a fair amount of research.
Honestly, I thought being a strategy prof would be more fun than a finance prof
I'd like to be a lecturer at a top university in the U.S or U.K but have no idea how to get there. My plan is to keep working, get an MBA, become somewhat recognizable, then become a lecturer, and then get a full teaching position
To become a finance professor, you must first work in finance and suck at it.
Finance prof at my target has net worth > $20 million, He earned it with his fund. You can definitely be successful and be a finance professor after
No shit
I know a professor at my ivy who was a BB banker for ~10 years and now teaches at my school. Know another professor that does PE and teaches a seminar once a week. Both are alumni so that’s a huge aspect I think, but neither have advanced degrees or anything. I’d focus especially on your school and just reach out to an alumni contact expressing interest in teaching. I’m sure they’d love for someone with industry experience to teach one class, and from there you can probably spin it into a full time job
How much do instructors at WSP or TTS get paid
No clue, but all the instructors I had seemed to be former bankers/PE professionals (often from very impressive shops) who got burned out and left the industry. They were doing things like startups or nonprofits and I’m guessing WSP just helped pay the bills, but I’ve always been impressed by the caliber of their teachers.
if you'd like to be an academic rather than clinical professor of finance, a PhD in finance from a business school (or possibly just economics) would be required. you'd need a bit of a math background to get in, considering graduate level finance is really economics and that's a heavily quantitative field, but if you already have some research experience that's a plus. a master's or MBA wouldn't be required for that path, although many applicants have master's degrees.
Yeah you need a pretty legit math background for a PhD in finance or econ or even accounting I think at a reputable place. You need the PhD if you want to be in a tenure track position doing research. Honestly that path doesn't sound like you from what you wrote.
If you want to focus more on teaching, you can be like a clinical faculty member or lecturer and I think you could become better compensated if you create some sort of new successful program for students. That path isn't bad if you're at a reputable school and you're really involved in a lot of stuff but I know for a fact the comp isn't likely to become more than 150k from what I looked at. You can check the comps for any public uni if you're curious.
You'd most likely need enter a PhD program at a top program and publish research papers that attract attention from the academia.
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