Innovation in Teaching Award

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 submission period has now 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.

2021 Innovation in Teaching Award Winners

1st Place Winner

Teaching Finance through Short Humorous Videos Made in Collaboration with a Comedian
    David Stolin, TBS Education (Video Presentation)


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

Creating Authentic Assessments with Algorithms
    Patrick A Lach, Indiana University Southeast (Video Presentation)


The Innovation in Teaching Award is sponsored by the Association of International Certified Professional Accountants and the Chartered Institute of Management Accountants.



If you have any questions, please contact FMA at +1.813.974.2084 or [email protected].