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$11K

$195.5K

How much do professor of finance jobs pay per year?

As of Aug 29, 2026, the average yearly pay for professor of finance in the United States is $195,000.00, according to ZipRecruiter salary data. Most workers in this role earn between $195,000.00 and $195,000.00 per year, depending on experience, location, and employer.

What does a professor of finance do?

A professor of finance works in a college or university setting to educate students about financial fields while also completing and publishing research in peer-reviewed journals. Some finance professors work in business schools while others work in liberal arts institutions, although finance programs are less available in the latter. As a professor of finance, you are responsible for educating students on money and how it affects those students personally and as members of society. Typically, your duties include teaching two to four graduate or undergraduate classes each semester, usually on subjects such as accounting, macro and microeconomics, and financial planning. Outside of the classroom, additional responsibilities include researching varying areas of finance, advising students, sitting on dissertation committees, and more.

What are the key skills and qualifications needed to thrive as a professor of finance, and why are they important?

To thrive as a Professor of Finance, you need an advanced degree in finance or a related field, a strong track record of research, and teaching experience at the university level. Proficiency with statistical analysis software (such as Stata or R), financial modeling tools, and familiarity with learning management systems is often required. Exceptional communication, mentorship, and critical thinking skills help you engage students and collaborate with academic peers. These skills ensure high-quality instruction, impactful research, and effective contribution to the academic community.

What are some common challenges faced by a professor of finance when balancing research, teaching, and administrative duties?

As a Professor of Finance, one of the main challenges is effectively managing time between research projects, course preparation and delivery, and various departmental or university service responsibilities. Research often requires deep focus and extended periods of uninterrupted work, while teaching demands consistent student engagement and timely feedback. Additionally, professors are frequently involved in committees, curriculum development, and mentoring students, which can add to the workload. Developing strong organizational skills and setting clear priorities is essential to balance these diverse responsibilities successfully.

What is the difference between Professor Of Finance vs Financial Analyst?

AspectProfessor Of FinanceFinancial Analyst
Required CredentialsDoctorate (Ph.D.) in Finance or related field, academic credentialsBachelor's or Master's degree in Finance, Economics, or related field
Work EnvironmentUniversities, colleges, academic institutionsFinancial firms, banks, investment companies, corporate finance departments
Employer & Industry UsageHigher education, research institutionsFinancial services, corporate finance, investment analysis
Common Search & ComparisonYesNo

While a Professor Of Finance primarily works in academia, conducting research and teaching students, a Financial Analyst applies financial knowledge in practical settings, analyzing data to guide investment decisions. Both roles require strong finance credentials, but their work environments and career paths differ significantly.

Do you need a PhD to be a professor of finance?

Yes, most university-level finance professors, including those in tenure-track positions, typically hold a PhD in finance or a related field. A doctoral degree is often required to conduct research, publish scholarly work, and teach at the university level.

How much do finance professors get paid?

Finance professors' salaries vary based on experience, education, and institution type, but they typically earn between $70,000 and $200,000 annually. Salaries tend to be higher at research universities and for those with tenure, advanced degrees, and published research. Compensation may also include benefits such as research funding and sabbaticals.
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Professor Of Finance jobs near you
Infographic showing various Professor Of Finance job openings in the United States as of August 2026, with employment types broken down into 94% Full Time, 4% Part Time, and 2% Contract. Highlights an 81% Physical, 7% Hybrid, and 12% Remote job distribution, with an average salary of $195,000 per year, or $93.8 per hour.

Professor of Finance

The University of Chicago

Chicago, IL • On-site

Full-time

Medical, Retirement, PTO

Re-posted 8 hours ago

University Of Chicago rating

8.1

Company rating: 8.1 out of 10

Based on 47 frontline employees who took The Breakroom Quiz

170th of 625 rated colleges and universities

Job description

Description
The University of Chicago Booth School of Business at the University of Chicago is seeking to appoint outstanding scholars to tenured positions in Finance, beginning in the 2026-27 academic year.
Qualifications
We invite applications from those who hold a PhD (or equivalent) in the relevant field(s) (we require all tenure track faculty to have a PhD or equivalent). Members of our faculty are expected to conduct original research of exceptionally high quality, to teach effectively, and to participate in and contribute to the academic environment.
Application Instructions
Each candidate should submit a curriculum vitae, course evaluations from prior teaching, at least two samples of written work, a research statement, and the names of five scholars willing to evaluate the candidate's ability, research, and teaching.
This position is benefits-eligible. The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. Information about the benefit offerings can be found in the Benefits Guidebook.

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