In this contemporary world, more and more people are recognizing the integral role that implementing sound economic principles can play in generating success for businesses, financial institutions, educational systems, and government structures. Individuals who pursue a degree in finance often open themselves up to a wide variety of career opportunities in the financial sector. If you are interested in getting a Ph.D. in Finance, you may want to consider the different types of jobs you could attain after completing your coursework. Here are several:
Teaching
Individuals who attain a Ph.D. in Finance are qualified to work as a professor. In general, a finance professor will be expected to be a productive researcher in addition to an effective and creative instructor. The finance professor will need to demonstrate strong research skills and submit papers to reputable academic journals. A finance professor can teach within a wide range of areas including Real Estate Finance, Real Estate Development, and Real Estate Economics. The finance professor can contribute to the school through teaching at the undergraduate, MBA, and/or Ph.D. level.
Economic Consulting
In addition to working as a professor, an individual with a Ph.D. in Finance can work as an economic consultant. Although broadly defined, economic consulting is basically work that involves providing public and private sector organizations with information that can improve their policies and performance. The mechanisms implemented to generate greater efficacy include the application of principles pertaining to mathematical economics, applied economics, and economic impact analysis. Economic consulting is applicable across a broad range of societal sectors, including the worlds of finance, business, government, health care, crime, law, politics, education, religion, war, and science.
Transfer Pricing Senior Manager
Individuals who attain a Ph.D. in Finance can work as a Transfer Pricing Senior Manager. Individuals within this career field are responsible for researching transfer opportunities and pricing issues, consulting with international groups on matters pertaining to prices, and developing a team of experts who can make advantageous transfer pricing decisions. Some other responsibilities of a Transfer Pricing Senior Manager might include selling and marketing transfer pricing studies to prospective customers and overseeing the transfer pricing services of specific geographical regions. Transfer Pricing Senior Managers might also perform financial modeling and value intangible assets.
Other Opportunities Within The Finance Sector
In addition to attaining the aforementioned jobs, individuals who have attained a Ph.D. in Finance can work with governmental organizations. They can also work within the corporate sector. Indeed, both large and small corporations are perpetually looking for innovative minds who can help them get their finances in order.
Should You Get The Ph.D.?
If you are considering pursuing a Ph.D. in Finance, you may find yourself wondering whether the additional schooling will really be advantageous for you. In discussing the advantages of getting a Ph.D. in Finance, Aaron Brask notes that one of its benefits is proving that you can do independent research. Additionally, he notes that attaining a Ph.D. in Finance affects the perception that others have of you. In short, Brask notes that many people perceive those who hold a Ph.D. to be smarter.
