Walking Away from Wall Street to Teach Future Finance Leaders
“I find great satisfaction in teaching the future leaders of the world. Nothing compares to the feeling I get when I hear how my students are making a difference in the world.”
Walayet Khan, PhD
Professor of Finance
Teaching is More Rewarding than Wall Street
Walayet Khan, PhD, teaches finance at University of Evansville in the Schroeder Family School of Business Administration. Khan was born and raised in Pakistan where he earned his first bachelor’s degree. He moved to Iran for his second bachelor’s degree, and at the start of the Iranian Revolution, he moved to the United States. He earned his PhD in finance from the University of Arkansas, Fayetteville. Khan is an active research scholar, and he maintains a consistent record of scholarly work. He has published papers in numerous finance journals, including the Journal of Financial Research and the Financial Review. He also severed as consultant to the Philadelphia and Chicago stock exchanges.
Khan jokes, “Once I graduated, I was left with two options. Option one, buy a fancy computer and start a career on Wall Street making lots of money analyzing and managing portfolios. Option two, move to Evansville, Indiana, and begin my teaching career. The choice was obvious.” Khan finds teaching far more rewarding than a day on Wall Street as he is changing the lives of his students. He emphasizes that there is no parallel between the satisfaction of teaching and working for the industry. Khan imparts knowledge about the globalization of the present and future. He feels that the world is a small global village, and he aspires to train future leaders about the growth of information technology, mobility, and advancements made in science that will inevitably increase the level of globalization.
School of Business Students Are Intelligent, Kind, and Attentive
Khan says, “My students have a strong desire to learn. They are interested in the curriculum, are motivated to try new things, and set high expectations for themselves.” His students truly love his classes. Many have written to Khan to thank him for taking an interest in their lives and for helping them follow their dreams. He is devoted to making time for his students all day every day. He even sends out e-mails several times a week to check in on them and to make sure everyone is up to speed on course work.
Developing Investment Background as an Undergraduate
Khan’s students have recently participated in the CFA Investment Challenge Competition. This is a local, regional, and global competition during which students gain hands-on experience in investment by working with mentors from major corporations in the finance industry. These students act as real-world investment analysts, and then they produce reports based on their research. Khan’s students also have the opportunity to complete undergraduate research. Several of his advisees have been mentioned as coauthors in his published research. Students also complete an experiential learning project by managing the Purple Aces Student Managed Investment Portfolio. The class is divided into teams, and each team is assigned a stock. The team must research the stock and develop a report for the portfolio based on the trends. The experience students get through these types of projects help them stand and find great success as professionals. Khan’s students have gone on to work for companies such as Microsoft, Old National Bank, Morgan Stanley, and Goldman Sachs.