Factors Explaining the Results of Job Search by the 2002 FMA Job Applicants - A Survey

Journal of Financial Education, Vol. 32, pp. 1-22, Spring, 2006

1 Pages Posted: 24 Oct 2009

See all articles by Tarun K. Mukherjee

Tarun K. Mukherjee

University of New Orleans

Joseph B. Farhat

Central Connecticut State University - Department of Finance

Carmen Cotei

University of Hartford - Department of Economics, Finance & Insurance

Date Written: October 24, 2004

Abstract

We perform an online survey of candidates, who listed their resume on the 2002 FMA website, seeking finance faculty positions. The response rate is approximately 50 percent. Consistent with Bertin, Prather, and Zivney (1999), we find that the new hire market for finance professors continues to shrink and salary range continues to widen. The factors significantly affecting the success rate in the job market are: having Ph.D./DBA in Finance/Financial Economics, having dissertation defended, having worked as a GA, being a female, and being a US citizen/permanent resident. Being a female candidate or an appointment at an accredited college are associated with higher salaries. The number of FMA interviews and the number of campus visits too have positive relation with salaries. It appears that the market condition has changed since the Bertin, Prather, and Zivney (1999) study, as we find that US citizens and permanent residents have more success (than non-US citizens) in obtaining jobs and a female candidate has greater chances in securing a job with higher salary than her male counterpart.

Keywords: Academic, Finance, Job

JEL Classification: G00, I20, I22

Suggested Citation

Mukherjee, Tarun K. and Farhat, Joseph and Cotei, Carmen, Factors Explaining the Results of Job Search by the 2002 FMA Job Applicants - A Survey (October 24, 2004). Journal of Financial Education, Vol. 32, pp. 1-22, Spring, 2006, Available at SSRN: https://ssrn.com/abstract=1493682

Tarun K. Mukherjee

University of New Orleans ( email )

2000 Lakeshore Drive
New Orleans, LA 70148
United States

Joseph Farhat (Contact Author)

Central Connecticut State University - Department of Finance ( email )

1615 Stanley Street
New Britian, CT 06050
United States

Carmen Cotei

University of Hartford - Department of Economics, Finance & Insurance ( email )

United States

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