How To Become A Finance Professor: What It Is and Career Path

What is a finance professor and how to become one

Updated January 8, 2025

2 min read

Quoted expert

Fabio Lanza

There is more than meets the eye when it comes to being a finance professor. For example, did you know that they make an average of $47.57 an hour? That's $98,942 a year! Between 2018 and 2028, the career is expected to grow 12% and produce 159,400 job opportunities across the U.S.

What general advice would you give to a finance professor?

Fabio Lanza

Professor, Ashford University

I tell them not to expect that they can achieve the same, old-style academic career (like mine, for example). A tenure-track job in a research university to be clear. Those jobs exist but they are becoming rarer and rarer. I also tell them that if they forecast incurring in serious (or even non-serious) debt in order to get a PhD, they should not do it. They should not pursue that path at all. In the program, they should take all the chances they have to learn new skills, including skills that don't seem directly related to an academic career.

ScoreFinance ProfessorUS Average

Salary

7.6

Avg. Salary $98,942

Avg. Salary $59,228

Stability level

5.7

Growth rate 12%

Growth rate 0.3%

Diversity

5.2

Race

American Indian and Alaska Native 0.28%

Asian 12.39%

Black or African American 7.13%

Hispanic or Latino 10.16%

Unknown 4.93%

White 65.11%

Gender

female 18.75%

male 81.25%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress level

5.7

Stress level is manageable

7.1 - high

Complexity level

10.0

Complexity level is advanced

7 - challenging

Work life balance

5.5

Work life balance is fair

6.4 - fair

Key steps to become a finance professor

Explore finance professor education requirements

Most common finance professor degrees

Bachelor's

43.3 %

Master's

40.4 %

Doctorate

11.5 %

Start to develop specific finance professor skills

Skills	Percentages
Economics	47.12%
Portfolio Management	25.47%
Graduate Courses	12.86%
Business Finance	11.77%
Syllabus	2.79%

Research finance professor duties and responsibilities

Lead outreach to community and statewide stakeholders in the PPCC entrepreneurship program.
Offer lectures in economics and financial management.
Develop the learning objectives, syllabus, outcomes, and course outline.
Develop contextually sensitive evidence aggregation methods from patient records that consider whole patients over time, rather than just linguistic correctness.

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