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Cambridge Endowment for Research in Finance (CERF)



CERF was founded in 2001 as an independent research centre in the University of Cambridge. The formal objective of CERF is to promote research within the University of Cambridge in all aspects of finance, financial institutions and financial markets, and their relationship with economic behaviour and performance. 

The CERF fellowship scheme aims to create a bridge between CERF and faculty in the University of Cambridge, with a view to make them aware of the opportunities that CERF can offer and to get them more involved with the activities organized by CERF. 

 What does the CERF fellowship scheme involve? 

The CERF fellows meet termly with the CERF director where they discuss CERF initiatives or Cambridge Finance activities. Further, the CERF fellows are expected to give a short presentation of their work in the annual CERF Cavalcade. 

The CERF fellows commit, when called upon, to support CERF initiatives at relevant conferences and to attend the Cambridge Finance seminars as well as occasionally reviewing grant applications to CERF. 

The CERF Fellows are expected to write a report for the CERF managers meetings (twice a year) as well as an end of fellowship report. 


The CERF fellowship scheme is open to assistant professors or associate professors of the University of Cambridge who do research into some aspect of finance, financial institutions, financial markets, and their relationship with the performance of the economy. The selection criteria, in addition to already being employed by the University of Cambridge are: 

  • excellence in research, 

  • proven commitment to future research in some aspect of finance, and 

  • a willingness to engage with the activities of CERF and Cambridge Finance. 

Application procedure 

Further questions about the positions can be directed CERF administration: Application process for the next cohort will be advertised in due course. Once the application is open, a completed applications with the names, email, postal addresses and telephone numbers of two referees who may be contacted before the interview should be sent to The applications will be ranked by a committee who will be chosen to reflect a wide range of expertise. 

Tenure and Financial remuneration 

CERF fellows are appointed for two years and receive an annual remuneration. The fellowship is expected to be undertaken in addition to the individual’s existing University role. (People who relinquish their position with the University of Cambridge will need to also relinquish the Fellowship).