Factors explaining the results of job search by the 2002 FMA job applicants--a survey
AbstractWe 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.
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Bibliographic InfoPaper provided by University of New Orleans, Department of Economics and Finance in its series Working Papers with number 2004-08.
Length: 34 pages
Date of creation: 2004
Date of revision:
Finance professors; New hires; Academic job market;
Find related papers by JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- G00 - Financial Economics - - General - - - General
- J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
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