Further Applicant Information for Job ref: 30592
Assistant Professor of Finance
Finance Group
Professors:
Söhnke Bartram, Andrea Gamba, April Klein, Alok Kumar, Michael Moore,
Richard Taffler, John Thanassoulis and Mark Taylor
Associate Professors:
Constantinos Antoniou, Jana Fidrmuc, Xing Jin, Roman Kozhan, Elizabeth
Whalley, Chendi Zhang
Assistant Professors:
Daniele Bianchi, Arie Gozluklu, Gi Kim, Olga Klein, Tao Li, Kebin Ma, Lei Mao,
Vikas Raman, Onur Tosun, Sarah Qian Wang and Chen Yao
Professorial Teaching Fellow:
Peter Corvi
Professors of Practice:
Michael Sager and Duncan Shand
Principal Teaching Fellow:
Alex Stremme
Mark Taylor is Dean of Warwick Business School as well as Professor of International Finance. Andrea Gamba is the
Head of Group, a responsibility held by senior members of the Group.
Research
The Finance Group offers a well-resourced environment for research within which talented individuals can flourish.
Presentation of research at international conferences is actively encouraged. The current research of the Group
encompasses corporate finance, international finance, financial markets, and financial econometrics, at both
theoretical and applied levels. Current and recent work on corporate finance includes dividend policy, corporate
governance, real options, the equity premium puzzle, the econometrics of long-horizon event studies, and asset
pricing. Recent work on international finance includes modelling and forecasting of exchange rate movements,
analysis of currency and financial crises and international capital flows, asset management in international financial
markets, and work on foreign exchange market microstructure. Recent work on financial markets includes the termstructure of interest rates, the valuation of term-structure contingent claims, fixed-income risk management, and
the valuation and hedging of options in the presence of transaction costs. Recent work on financial econometrics
includes estimation of stochastic volatility models using Bayesian and other estimation methods with appropriate
hedging of assets.
The Group has access to a variety of databases which facilitate empirical work, both by staff and by students. Via the
Wharton Research Database Service there is access to many of the US databases, such as COMPUSTAT and CRSP.
We take the LBS Share Price database. General sets of information are available via Datastream and this is
supplemented by subscriptions to Ecowin, Reuters and Bloomberg. Access to databases is therefore better than in
most other business schools in Europe and compares favourably with facilities at US institutions.
Teaching
The Group is responsible for teaching at both undergraduate and postgraduate levels. Teaching loads are actively
managed to keep them consistent with a high level of research activity. PhD students provide teaching assistance
on many courses. There is also dedicated administrative support for each teaching programme.
The major undergraduate course for which the Group is responsible (jointly with the Accounting Group) is the BSc in
Accounting and Finance. This very successful degree has been accredited by a number of UK Professional
Accountancy bodies (ICAEW, ACCA and CIMA), and graduates are eligible for exemptions from a number of
examinations set by these bodies. The degree also enjoys Level 1 accreditation from the Chartered Financial Analyst
(CFA) Institute. Around 1,850 top-quality applications are received for some 200 places currently available annually.
The curriculum has recently been revised, in order to offer students distinct pathways to achieve their desired mix
of subjects. Several components are shared with other degrees within the Business School and some options are
also taken by undergraduates in Economics, MORSE (Mathematics, Operations Research, Statistics and Economics),
and those taking joint degrees with Science. Undergraduate commitments constitute about 40% of the Group’s
teaching load.
The Group has a portfolio of 4 degrees in the finance suite. The first is the long-established (and highly successful)
MSc in Finance and Economics, which is a joint course with the Economics Department. This course has around 60
students per year from a wide variety of countries, with about 10 well-qualified applicants for each place. The
second is the MSc in Financial Mathematics, which began in 1998/9 and has an annual intake of some 30 students.
This course aims to provide a thorough grounding in the mathematics underlying modern finance theory. Teaching
is shared between the Group and the Departments of Mathematics and Statistics. The third course is the MSc in
Finance, which has an intake of 120 students, with approximately 20 applicants per place. In September 2011 the
MSc in Accounting & Finance was introduced and has an annual intake of around 60 students. MSc commitments
are about 40% of the Group’s teaching load.
The Group also teaches important segments on the MBA programme. Warwick has made a major expansion in MBA
teaching in recent years and is committed to the ‘one MBA’ concept - in essence three different delivery modes for
the same degree programme. MBA teaching is some 20% of the Finance Group’s teaching load and includes full
time, modular and distance-learning modes.
There is an annual intake of around 10 PhD students who are supervised by staff in the Finance Group. Students for
PhD in Finance take a full set of preparatory courses in their first year of study. Scholarships are available for wellqualified candidates. The aim is to ensure that the quality, both of the students and of the programme, is
competitive with the best available at any other university, worldwide.
Salary Information
Grade
Salary range
FA7
£38,896 - £46,414 (In exceptional circumstances, it may be possible to offer a supplement to the
salary range stated for this role of up to £31,600 on an annual basis. Any such supplement would
be awarded on the basis of a demonstrable history of exceptional achievement and is entirely at 2
the discretion of the University)
The School
For further information about Warwick Business School, please see our website at
http://www.wbs.ac.uk/.
Warwick Business School is one of the largest and most respected business schools in the world; we’re firmly in the
top 1%. Our Dean, Professor Mark Taylor, has high ambitions for us to be:
 A world leader in business education, research and engagement, helping to create a better global society.
Our Mission:
 To produce and world-class, cutting edge research that shapes the way organisations operate and businesses are
led and managed
 To produce world-class, socially responsible, creative leaders and managers who think on a global scale,
regardless of the size of their organisation
 To engage meaningfully with business and government to create a better society
 To provide a lifelong return on investment for students and alumni
Producing World-Class Business Leaders
As the largest department of the University of Warwick we offer excellent facilities and a prestigious reputation. We
are consistently top-rated for our teaching quality and were the first UK school to be endorsed by all 3 international
business school accreditation schemes.
We attract students from all over the world, currently 64% from outside the UK, who trust us to teach them at
undergraduate, masters, MBA, and PhD level, in both full-time and part-time education. We regularly consult and
collaborate with industry to keep our programmes fresh, relevant, and accessible and have something to offer
individuals at every stage of their career. We offer an extensive executive education programme and work with
clients around the world to develop their in-house talent.
 The performance of our degree programmes excels as our course portfolio continues to refresh, expand, and
diversify. We currently offer 31 courses to more than 7,000 students.
 Our undergraduate courses are top-ranked in the 2016 Guardian University Guide and we're number 1 for
Accounting & Finance in both the 2016 editions of the Complete University Guide and the Times Good University
Guide.
 Our masters courses provide highly specialised learning in areas of business that are increasingly important in the
search for sustainable competitive advantage.
 More than 30 years of combined learning experience enable us to deliver the Warwick MBA to nearly 2,600
experienced managers each year, wherever they are in the world.
Publishing Leading-Edge Research
We have achieved a global reputation for research excellence, offering a broad subject base and highly regarded
faculty. The most recent UK government Research Excellence Framework (December 2014) rated more than 80% of
our research as ‘world leading’ or ‘internationally excellent’, raking WBS as 5th in the UK for research output. Over
half of our academics come from outside the UK and many have taught or worked overseas. They produce world
leading research in most fields of management including:
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 accounting, markets and organisations
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behavioural science
business strategy
consumer behaviour
corporate governance
customer service
enterprise
finance
industrial relations
innovation strategy
knowledge management
lean management
marketing
operational research
Providing a Return on Investment
Learning by sharing experience and insight is key to the student experience at WBS. Our 30,000 alumni have cited
the combination of a highly intelligent and internationally diverse cohort as being a major benefit of their learning
experience as well as their future careers.
The fact that many graduates return for further study here later in their career demonstrates our effective blend of
academic research with the practicalities of the workplace. Our graduates are highly sought after by business and
can be found in senior positions in global bluechips around the world. Many also set up their own business with the
entrepreneurial business skills they have learned with us.
For our sponsoring organisations, both public and private, who support their employees through our programmes,
the benefits are clear: more motivated and higher skilled staff leads to increased productivity and a stronger
business.
More information www.wbs.ac.uk.
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