Professor/Head of Department of Economics and Finance

Durham, United Kingdom
01 Mar 2021
End of advertisement period
26 Mar 2021
Contract Type
Fixed Term, Permanent
Full Time

Durham University Business School

Grade 10: - Competitive salary based on our professorial Pay Scales by negotiation
Open-Ended/Permanent - Full Time
Contracted Hours per Week: 35
Closing Date: 
15-Mar-2021, 7:59:00 AM 

The role is full time but we will consider requests for flexible working arrangements including potential job shares.

Successful candidates will ideally be in post by 1st September 2021.

Durham University

A globally outstanding centre of teaching and research excellence, a collegiate community of extraordinary people, a unique and historic setting – Durham is a university like no other.

We believe that inspiring our people to do outstanding things at Durham enables Durham people to do outstanding things in the world.

As part of Durham University, you’ll be working with exceptional minds, all with the desire to ask, and answer, the big questions. Access to leading edge facilities and an active contributor to the global research and university community means you’ll be part of an international and diverse network of partners spanning the world’s best research institutions, organisations and businesses. And all this within the evocative and historic surroundings of the city, county and community that is Durham.

We find it easy to be proud of the extraordinary people we have at Durham. We offer the inspiration, they achieve the outstanding. We invite you to join them.

Applications are particularly welcome from women and black and minority ethnic candidates, who are under-represented in academic posts in the University.  We are committed to equality: if for any reason you have taken a career break or periods of leave that may have impacted on your career path, such as maternity, adoption or parental leave, you may wish to disclose this in your application.  The selection committee will recognise that this may have reduced the quantity of your research accordingly.

Durham University’s Athena Swan institutional award recognises and celebrates good practice in recruiting and supporting the development of women. We have also signed up to the Race Equality Charter, a national framework for improving the representation, progression and success of minority ethnic staff and students within higher education.

Durham University Business School

Dynamic and vibrant, Durham University Business School is one of Durham University’s four Faculties and is comprised of three research-intensive departments: Accounting, Economics and Finance, and Management and Marketing. Known for its global reputation, its impact on policy and practice and its strong focus on ethics, responsibility and sustainability, the School aims to be a leading European business school with a strong global presence by 2027, The School currently has 180 academic and teaching staff, with plans and resource commitments to grow to 230 by 2027. In addition, 11 funded research centres (https://www.dur.ac.uk/business/research/research-centres/) blend leading theoretical perspectives with a strong emphasis on impact and engagement with practice, noted in www.durham.ac.uk/business. The school’s student population is around 4000, across undergraduate, postgraduate and research programmes.  

Our vision is to lead business thought and practice to improve global wealth and well-being. Our associated mission is to create, share and use knowledge to deliver equitable and sustainable futures around the world. We pursue this mission by advancing world changing knowledge and securing global impact through increasingly collaborative research across disciplines and around the world. 

The Department of Economics & Finance

The department of Economics and Finance is home to over 80 members,  whose internationally renowned research spans specialism areas such as: Banking, Institutions and Development, Ethical Finance, Accountability and Governance, Economics Analysis and Mechanisms, Quantitative Research in Finance and Economics, Environmental and Energy Economics, and Experimental Methods in Business Research,

In line with the overall strategy, there are ambitious growth plans over the next three years, which will further strengthen the intellectual base and footprint of the research and teaching delivered by the Department of Economics and Finance.

The department is part of the triple-accredited Business School, home to academics whose research is internationally renowned both for intellectual rigour and for the benefits it brings to society.  The Head of Department will have the opportunity to work with others across the School and wider University and to teach and supervise our excellent undergraduate and postgraduate students and doctoral researchers.

Colleagues work closely with business partners around the world, sharing insights, supporting innovation, and educating tomorrow’s leaders making Durham an exceptional place in which to base an academic career. More details about our research, teaching, and business connections can be found on our website; https://www.dur.ac.uk/economics.finance/

For an introduction to the Department of Economics and Finance, please copy this URL into your browser: https://sway.office.com/62NaX2t8EGe0jk5Q?ref=Link

The Role

We seek to appoint a dynamic and ambitious Professor and Head of Department to lead the Department of Economics & Finance through an exciting phase of expansion and development. Applications are sought from candidates from within both domains of Economics and Finance.

The role of the Head of Department is to provide strong academic leadership, oversee and develop the department operations whilst leading on the strategic development of research curricula across the Department’s programmes in order to foster an innovative, transformative and enabling education for students. 

The successful candidate will be a key member of the School’s Executive Team contributing to the development of the School’s and University Strategy. Embracing the Business School and Faculties strategies, they will empower others to engage in innovative research, develop and deliver exceptional teaching and enhance the overall student experience.

With intellectual authority and strategic vision, the Head of Department will lead the further strengthening and development of the Department’s research and the quality, range and effectiveness of its already excellent teaching. This is a key strategic role within Durham University Business School, helping to drive forward its strategy to be a leading and Top European Business School by 2027.

The post-holder will have the vision to lead and the ambition to advance world changing knowledge and secure global impact through increasingly collaborative research across disciplines with colleagues in Durham University and beyond. Seeking to contribute perspectives that enhance the utility and impact of research in other disciplines with scholarship and methods that promote a more equitable and sustainable future for all.

As part of their senior management role, they will represent the Department of Economics & Finance at University level meetings, including being a member of Senate and University Research and Teaching committees.  Reporting directly to the Executive Dean, they will work in close consultation with the Deputy Executive Deans and other Heads of Department to create a truly interdisciplinary and interconnected teaching and research environment.

The Head of Department will be supported by a senior management team including a Director of Education, overseeing programmes and the student learning experience, and a Director of Research, overseeing research, publications, impact and external funding.

The successful candidate will demonstrate leadership qualities being responsible for both academic and professional services colleagues, leading and overseeing Faculty recruitment, retention, and advancement, to promote excellence in scholarship and of early career colleagues.   Having the ability and willingness to consult and collaborate with all colleagues, providing an open and supportive style to help engender and encourage a spirit of scholarly ambition within the Department and engage with the wider University.

This post offers an exciting opportunity to make a major contribution to the development of internationally excellent research and teaching while allowing you unrivalled opportunities to progress and embed your career in an exciting and progressive institution.

With this in mind, we seek to appoint a Head of Department who is a leading scholar in their field and has a keen understanding across the domains of research and teaching, significant leadership experience, including fiscal and resource management skills.

The position as Professor is a continuing post, with appointment as Head of Department initially for 3 years, which can be extended.

Head of Department of Economics & Finance

Applicants must demonstrate research excellence in the field of Economics and/or Finance with the ability to take a leading role as Head of Department in the development of the Department’s research and teaching, and to fully engage in the services, citizenship and values of the University.

Key responsibilities: 

To provide academic leadership to the department of Economics & Finance and to contribute to the leadership of Durham University Business School as part of the senior management team. Specifically:

  • To lead and implement an ambitious Department Strategy aligned to the University Strategy, Vision and Mission of the Business School. This will significantly contribute to the future design and implementation of Business School strategy encompassing the core areas of world-class research, education and the overall student experience.
  • To provide strategic leadership in all matters relating to the Department and play a key role in the development and implementation of overall business School strategic goals.
  • To be responsible to the relevant Executive Dean for managing an agreed Department budget that ensures that the Department/School operates in a financially sustainable manner.
  • To co-ordinate department-level activities relating to recruitment, probation, development, progression (including succession planning) and performance management, of all departmental staff.
  • To foster diversity, equality and inclusion amongst the Department’s staff and students, to eliminate discrimination and promote an effective work-life balance for all.
  • Pursue research that is world-leading, and world-changing in terms of originality, significance and rigour that is commensurate with the Department’s continuing emphasis on international excellence.
  • Lead the development of successful research project/fellowship proposals in pursuit of suitable national and international funding opportunities to support research and end-user engagement.
  • Deliver excellent teaching, offering lectures, seminars and tutorials at undergraduate and taught postgraduate levels.
  • Attract and provide excellent supervision to research students, and contribute significantly to the development of PhD programmes. 
  • To be responsible for ensuring that processes and systems are in place to ensure their Department’s/School’s compliance with the University Health and Safety Policies.
  • To ensure compliance by all staff in the Department with University policies, procedures and codes of practice.

Person Specification

Applicants must demonstrate leadership and research and teaching excellence in the field of Economics and / or Finance, and to fully engage in the services citizenship and values of the University.


Candidates will demonstrate world-leading and world-changing research, and leadership in a research field within and / or beyond their institution(s), with research outputs consistently recognised as internationally excellent. 

Essential Research Criteria – Grade 10 

  1. Qualifications - a good first degree and a Doctoral Qualification or PhD in Economics or Finance, or a related subject.
  2. Outputs - evidence of research outputs which are consistently recognised as internationally excellent with some output being evaluated as world class. Candidates are asked to submit two research papers with their application (as outlined in the How to Apply section below).  Candidates may additionally choose to submit evidence such as external peer review of their outputs.
  3. Personal Research Plan - evidence of a personal research plan which supports and enhances the Department’s research strategy.
  4. Research Leadership - leadership of national / international research groups and networks, with an internationally recognised contribution to the development of research fields with appropriate involvement in the leadership of funding bids Mentoring of early career researchers and support for departmental level research and the development of external collaborative teams or partnerships. Candidates may choose to include information about research group leadership, mentoring of research colleagues, invitations to and engagement with significant external events, engagement with international networks or projects. 
  5. PhD Supervision - a significant contribution to the development of PhD programmes and / or groups, including successful recruitment and excellent supervision of PhD students.
  6. Research Impact - leadership of research that has demonstrable impact beyond the Candidate’s institution(s).
  7. Income Generation -   evidence of leadership of successful research projects and / or fellowship proposals.


Candidates will be able to evidence excellence in the development and delivery of teaching. They will demonstrate leadership, distinction and innovation in the design and delivery of high quality learning environments and curricula that enables student to achieve their potential.   

Essential Teaching Criteria – Grade 10 

  1. Qualification - candidates must be or have the ability to attain the rank of Fellow of the Higher Education Academy (https://www.heacademy.ac.uk/individuals/fellowship/fellow), which is the national body that champions teaching excellence.
  2. Quality - evidence of excellence in the development and delivery of high-quality and distinctive teaching, at least at a nationally competitive level. Candidates may choose to provide MEQ scores and / or peer reviews of teaching.
  3. Innovation – leadership in the development of innovative teaching and the design of learning environments / curricula that provide high quality teaching and student experience at an internationally competitive level including lectures, small group learning and/or using technology or other techniques to enhance learning and/or assessment.    
  4. Strategic - demonstrating leadership in the design and delivery of internationally-excellent teaching programmes and the creation of learning environments that enable students to achieve their potential.  

Services, Citizenship and Values

Candidates will demonstrate sustained excellence of leadership in the provision of the administrative and collegial requirements of their Department, Faculty, institution or discipline as well as demonstrating their commitment to equality, diversity and inclusion.

Essential Services, Citizenship and Values criteria – Grade 10 

  1. Collegial contribution – evidence of a significant contribution to the collegial work and environment of the Candidate’s Department, Faculty, institution and / or discipline.  Candidates may choose to evidence involvement in equality and diversity initiatives, Faculty or University roles, mentoring activity, engagement with widening participation and membership or engagement with external bodies.
  2. Leadership - evidence of sustained excellence in leadership activities that support the administrative functioning of the candidate’s Department, Faculty or University and / or which support the development of their discipline.  (Candidates may choose to detail any leadership roles which they have undertaken, preferably in an academic context).
  3. Communication - candidates must have excellent oral and written communication skills with the ability to engage with a range of students and colleagues across a variety of forums. 

Contact Information

Department contact for academic-related enquiries 

Nejat Anbarci 
Professor in Economics 
Head of Dept of Economics and Finance  

Professor Jacky Zhang 
Professor in Finance  

Professor Susan Hart  
Executive Dean 
Durham University Business School  

Contact information for technical difficulties when submitting your application

If you encounter technical difficulties when using the online application form, we prefer you send enquiries by email.  Please send your name along with a brief description of the problem you’re experiencing to e.recruitment@durham.ac.uk

Alternatively, you may call 0191 334 6801 from the UK, or +44 191 334 6801 from outside the UK. This number operates during the hours of 09.00 and 17.00 Monday to Friday, UK time.  We will normally respond within one working day (Monday to Friday, excluding UK public holidays).

University contact for general queries about the recruitment process

Cherith Smith, Recruitment Manager

How to Apply

We prefer to receive applications online.   

As a University we foster a collegiate community of extraordinary people aligned to the University’s values.  Equality, Diversity, and Inclusion (EDI) are a key part of the University’s Strategy and a central part of everything we do.  At Durham we actively work towards providing an environment where our staff and students can study, work and live in a community which is supportive and inclusive, and in doing so, recruit the world’s best candidates from all backgrounds and identities. It’s important to us that all of our colleagues are aligned to both our values and commitment to EDI. We therefore ask that as part of your application you provide a statement (of no more than 1 side of A4) which outlines work which you have been involved in which demonstrates your commitment to EDI and our values.

Please note that in submitting your application, we will be processing your data.  We would ask you to consider the relevant University Privacy Statement https://www.dur.ac.uk/ig/dp/privacy/pnjobapplicants/ which provides information on the collation, storing and use of data. 

Information if you have a disability

The University welcomes applications from disabled people. We are committed to ensuring fair treatment throughout the recruitment process. We will make adjustments to support the interview process wherever it is reasonable to do so and, where successful, adjustments will be made to support people within their role.

If you are unable to complete your application via our recruitment system, please get in touch with us on e.recruitment@durham.ac.uk.

What to Submit

All applicants are asked to submit: 

  1. A CV
  2. A covering letter which details your experience, strengths and potential in the requirements set out above;
  3. Your vision of the strategic development of the Economics & Finance Department at Durham University;
  4. An ambitious personal research plan for the next 5 years providing a clear indication of the four written pieces planned for submission to the next Research Excellence Framework submission;
  5. An EDI & values statement
  6. Two of your most significant pieces of written work, all of which published or submitted since 2014. Please note that your work may be read by colleagues from across the Department and evaluated against the current REF criteria; 

Where possible we request that you provide web links to these which the hiring Department will access to read your work. The application form contains fields in which to enter each of the web links.

In the event you are unable to provide accessible links to online hosting of your work, your work should be uploaded as PDFs as part of your application in our recruitment system. Please ensure that your PDFs are not larger than 1mb. Please note that your work may be read by colleagues from across the Department and evaluated against the current REF criteria;

Please save all application documents with your name and document type as PDF files.

We will notify you on the status of your application at various points throughout the selection process, via automated emails from our e-recruitment system. Please check your spam/junk folder periodically to ensure you receive all emails.


You should provide details of 3 academic referees and the details of your current line manager so that we may seek an employment reference (if they are not listed as an academic referee).  Please note:

  • We shall seek the academic references during the application process.  Academic referees should not (if possible) include your PhD supervisor(s) and a majority should be from a University other than your own (save for early career applicants applying for their first post). We would ask that you alert your academic referees to this application as soon as possible, and provide them with a copy of the CV you submit with your application, so that we can quickly obtain references should you be progressed to the interview stage. As part of your application you will be asked whether you give your consent to your academic references being sought should you be invited to attend interview.
  • Academic references sought for short-listed candidates may be made available to the panel during the interview process.
  • We will seek a reference from your current line-manager if we make you an offer of employment (albeit you may have also nominated your line manager as an academic referee).  Please clearly indicate which referee is your current line-manager and please let us know if we should only approach them once an offer has been made. 

Next Steps

All applications will be considered; our usual practice is for colleagues across the Department to read the submitted work of long-listed candidates. 

Short-listed candidates will be invited to interview and will have the opportunity to meet key members of the Department.  The assessment for the post will normally include a presentation to staff and students in the Department followed by an interview and we anticipate that the assessments and interviews will take place over two days in or around the end of March 2021.

In the event that you are unable to attend on the date offered, it may not be possible to offer you an interview on an alternative date.