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Factors explaining the results of job search by the 2002 FMA job applicants--a survey

Tarun Mukherjee, Joseph Farhat and Carmen Cotei
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Tarun Mukherjee: University of New Orleans
Joseph Farhat: Social Security Investment Commission, Amman, Jordan
Carmen Cotei: University of Hartford

No 2004-08, Working Papers from University of New Orleans, Department of Economics and Finance

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: Finance professors; New hires; Academic job market (search for similar items in EconPapers)
JEL-codes: E24 G00 J62 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin
Date: 2004
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Handle: RePEc:uno:wpaper:2004-08