2023 Innovation in Teaching Award


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The Financial Management Association International's (FMA) Innovation in Teaching Award is designed to recognize inspiring educators, enhance the quality and relevance of education in finance, disseminate successful innovative practices, and elevate teaching as a craft to the next level.


This competition is open to any educator who teaches undergraduate or graduate students in finance.

Selection of the finalists and winner will be determined by a committee based on the following criteria:

  1. Innovation
  2. Broad transferability of the teaching technique in terms of resources and instructor skills/connections
  3. Measurable impact on students, institutions of higher education, and the finance profession

Applicants must submit (1) a letter of support from a dean or department chair (2) a 500-1,000 word description of their teaching techniques. The description should detail:

  1. The teaching procedure
  2. The knowledge or skills that this technique introduces or reinforces
  3. Materials, if any, that are required
  4. The impact that the technique has had on students, the applicant's institution, and/or the finance profession
  5. Summary of student feedback, comments, and/or evaluations
  6. The ease of transferability to another instructor

The 2023 application period has closed.



The award winners will receive award plaques, recognition on FMA's website, and the following prizes:

  • First prize (1): $1,000
  • Runners-up (2): $500 each

The finalists' teaching technique submissions and a video recording of the conference session will be posted on the FMA website.

2022 Innovation in Teaching Award Winners

1st Place Winner

Deal or No Deal: Teaching the Concepts of Risk and Decision Making through an Experience Learning Activity (link to YouTube video and PowerPoint slides)
   Bo Han, Seattle University


Replica Game: A Creative Pedagogy for Option Strategies (link to YouTube video and PowerPoint slides)
   Chien-Ling Lo, Yuan Ze University 

Inspire Finance Students of Machine Learning - The Visual Way (link to YouTube video and PowerPoint slides)
   Xinde (Cinder) Zhang, University of Arkansas

2021 Innovation in Teaching Award Winners

1st Place Winner

Teaching Finance through Short Humorous Videos Made in Collaboration with a ComedianDavid Stolin, TBS Education 


Engaging Students with Classroom Currency in the Remote SettingRobert R Chatt, Westfield State University

Creating Authentic Assessments with Algorithms, Patrick A Lach, Indiana University Southeast


2020 Innovation In Teaching Award Winners

1st Place Winner

Teaching Algorithmic Trading as a Hands-On Robotics ClassPeter Bossaerts, University of Melbourne & Nitin Yadav, University of Melbourne. 


Teaching Advanced Excel Skills and Analytical Techniques in an Introductory Finance CourseWilliam O'Brien, University of Illinois at Chicago. 

The Alumni Project: Fostering Student-Alumni Engagement in the ClassroomCarl Larsson, James Madison University. .



If you have any questions, please contact FMA at +1.83.946.4512 or [email protected].