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Cambridge Endowment for Research in Finance (CERF)


CERF Fellowship scheme 2022 - 2024 is now closed.

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.

The CERF Fellowship comprises of up to 12 Fellows from across the University of Cambridge. The current cohort includes Fellows from various faculties including CJBS, Economics, Land Economy, and Law. The CERF fellows meet once a term with the CERF director and Centre manager, where they discuss CERF initiatives; these meetings are chaired by CERF fellows on a rotating basis. CERF fellows are expected to participate in CERF events, including seminars, and contribute short articles or blogs for the CERF website. CERF fellows are asked to present their work at various CERF events throughout the year. CERF fellows will be expected to report on their research activities to the board of CERF managers twice a year. Collaboration within the CERF community is encouraged, and fellows are invited to apply for financial support for their research activities. The scheme advertised will run from Easter term 2022 until Lent term 2024.

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 application to CERF and supporting recruitment of CERF post-doctoral Research Associates.

Further to the general remit of CERF, the selection criteria, in addition to already being employed by the University of Cambridge as an Assistant Professor or Associate Professor 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.

CERF fellows are appointed for two years and the annual remuneration is up to £9300 per annum. Remuneration is calculated and paid termly, depending on the Fellow’s participation that term. The fellowship is expected to be undertaken in addition to the individual’s existing University role. Fellows who relinquish their position within the University of Cambridge will relinquish the Fellowship. With respect to the scheme’s remit to support junior faculty, Fellows who are promoted to a University post higher than Associate Professor will relinquish the Fellowship at the end of their term, and cannot apply for a new tenure.

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.

Further questions about the positions can be directed to . A short application form is available from the CERF website: Application Form. A CV and completed application form with the details of two referees should be sent to Please ask you referees to email reference letters to by the closing date. NB it is the applicant’s responsibility to ensure their references reach us on time. Closing date: 8 February 2022.