Opportunities for Finance Faculty to Obtain Experience for Teaching and Research Enrichment

Abstract

Firsthand practical business experience is an important element of teaching. The demands of a teaching post, however, make it difficult to devote an extended period of time to obtaining practical experience. Shortterm opportunities such as consulting, outside teaching, and corporate internships may bridge the gap, but there is no database to assist faculty in locating such opportunities. Reported here is a survey that collected data from a sample of finance faculty regarding the ways in which finance academics have obtained experience in these three areas and their evaluation of the contribution these experiences have made to their roles as educators.