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Current Student
Joined: 31 Aug 2007
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general question about faculty titles [#permalink]
 06 Dec 2008, 16:03
what exactly does it mean when, for example, a professor is "the john smith professor of finance"...who is that person in the title of the professorship, and what exactly do they signify/represent? do those people carry a lot of weight w/ the school?
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CEO
Joined: 15 Aug 2003
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Re: general question about faculty titles [#permalink]
06 Dec 2008, 16:29
these are what are called endowed professorships awarded to big name professors. a google search is all you need to know more. you are right - they are very well respected and working for them is a full time nightmare.  assistant prof -- new professors have six years to make tenure. requires publications in leading journals, good teaching evaluations and service. associate prof-- after you make tenure.. big bump in salary. job for life unless you are really slacking off or do something immoral or illegal. full professor -- another 4-6 year clock. big bump in salary. lot of power. lot of recognition.
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Director
Joined: 25 Dec 2007
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Schools: Harvard '11
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Re: general question about faculty titles [#permalink]
06 Dec 2008, 16:31
when some rich alumnus donates a lot of money to a school, one of the options is to "endow a professorship". So, if a person donates $5 million, that can pay for a professor's salary and a certain amount for research, etc. The perk is that the person who donates gets to associate his/her name with the professor.
In your case, John Smith is the rich alumnus, and made a large donation...which is why he gets his name in there. Professors who have names in their titles aren't any more influential than others...it does mean that they have tenure however.
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Current Student
Joined: 31 Aug 2007
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Re: general question about faculty titles [#permalink]
06 Dec 2008, 21:41
thanks Praet and MS...the 2nd half of my question was actually the weight of John Smith (ie, the person who donated the money) at School XYZ, not the professor...so what say you?
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GMAT Club Legend
Joined: 10 Apr 2007
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Location: Back in Chicago, IL
Schools: Kellogg Alum: Class of 2010
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Re: general question about faculty titles [#permalink]
06 Dec 2008, 21:54
They are big donors who endow that professor position. To be able to fund that big of a donation they most likely are either extremely successful or come from a very well to do family.
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Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.
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CEO
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Re: general question about faculty titles [#permalink]
06 Dec 2008, 22:04
a lot of influence. money talks very loudly in academia. and people listen.
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Re: general question about faculty titles
[#permalink]
06 Dec 2008, 22:04
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