Tenure Track Assistant Professor in Real Estate Economics

Tenure Track Assistant Professor in Real Estate Economics

Aalto University School of Engineering invites applications for Assistant Professor in Real Estate Economics (tenure track)

The Real Estate Research Group is part of the Department of Built Environment, in the School of Engineering. We are nine professors and around 20 researchers (PhD candidates and postdocs) from all topic areas of Real Estate, including i.a. economics, finance, management, law, land management, business models and future studies. We provide real estate -related education in the Bachelor’s, Master’s, and Doctoral levels. 

Background

The commercial property markets are facing dramatical changes as almost all major property types (offices, retail, logistics, residential) are in the state of transformation due to the urbanization, sustainable transition, new ways of working, and digitalization. These transformations have profound effects for the owners of the assets through impacts on e.g.  the dynamics of demand and supply, as well as the contract structures and business models between actors, which there forth have consequences on the risks and values of these assets. As commercial real estate provides the physical locations for firms, individuals and public services to operate, and form a notable share of institutional (e.g., pension fund) portfolios and loan portfolios of banks, the need for theoretically justified and evidence-based research to support the transitions and protect the society from broader systemic risks is evident.

Job description

We are seeking for an ambitious and enthusiastic Assistant Professor (tenure track) to strengthen the profile of Real Estate Economics Research Group in the area of commercial real estate. The focus on commercial real estate is defined broadly, and you can be specialized in e.g., investments, dynamics of commercial real estate markets (broadly or within a segment), real estate valuation, development and management of assets, or emerging digital management and business models. We seek for candidates focusing on the commercial and financial aspects of real estate, and not e.g. on the technical or project management aspects.

Requirements and evaluation process

You have a doctoral degree in a relevant field (e.g., Real Estate, Economics, Finance, Management), or will be finishing one by the post start date. Candidates who have completed their doctoral studies some time prior to the time of application should be able to demonstrate that they have started to develop a novel and independent research agenda.

You have a track record, or potential to publish your research in high-ranking refereed international journals, and a well expressed and viable strategy for future research that has potential to lead to high impact research and top publications. You show potential to be able to acquire external research funding from Finnish and international sources, and regarding societal impact of research and education.

You will be expected to work as part of a team in delivering the teaching programmes offered by our unit, particularly the Master’s Programme in Real Estate Economics (taught in English), and in different tasks in our Bachelor's and Doctoral programmes. You are expected to have the ability to teach particularly commercial real estate related topics, but also to be prepared to gain expertise in the topics more broadly, when necessary.

The position is a tenure track position and will be filled to the assistant professor levels. Evaluation at the assistant professor level is mainly based on research merits, as well as the applicant’s potential to develop into a world-class academic. In all levels of the tenure track system, a professor is expected to perform high-quality research and teaching at doctoral, master’s and bachelor levels, to be an active member of the international scientific community, and to exhibit academic leadership. Advancements in the tenure track are based on scheduled performance assessments, which take into account the candidate’s merits in all these areas. For more information on the tenure track system of Aalto University and details about the evaluation criteria, please see https://www.aalto.fi/en/tenure-track.   

What we offer

We offer the opportunity to work within a well-resourced academic community where faculty and students are rigorously selected and highly motivated. According to our strategy, Aalto University aims to shape a sustainable future through research-based knowledge, creativity, and an entrepreneurial mindset. Our values are responsibility, courage, and collaboration.

Salary will be defined according to Aalto University's salary system, taking into account the applicant's experience and qualifications, but a salary request can be provided. In addition to the salary, Aalto University provides its employees access to occupational health care. For new professors we also offer a start-up funding and grant writing support to help you establish your own team.

Finland offers a safe and healthy environment for living, with excellent state-subsidized services including affordable day care, healthcare, and free schools that are ranked among the best in the world. Finland has consistently been ranked as the happiest country in the world for the past five years according to the UN study in 2022. We are one of the world's most reliable and stable nations, with a high level of safety. With significant investments in R&D, a strong innovation culture, open data, and advanced digitalization, we are a nation of innovation and entrepreneurship.

The Nordic values of equality and cooperation are deeply rooted in our society. Gender equality, flexibility, and low hierarchy form the core of our Nordic working environment. For more information about living and working in Finland, please visit: https://www.aalto.fi/en/careers-at-aalto/for-international-staff.  

More information

If you wish to hear more about the position or us, please contact the chair of the departmental recruitment committee, and research group leader Associate Professor Heidi Falkenbach, [email protected]. For questions related to the recruitment process, please contact HR Partner Sanni Mero, [email protected]. 

Ready to apply?

If you are interested in joining our community, please submit your application through our recruitment system (“Apply now!” link below) by January 8th, 2024. (If you are already working at Aalto, please apply via our internal system Workday -> Find Jobs.)

Please include the following pdf documents in English:

  • Motivation letter – including a summary of merits, most important achievements, and motivation for this position (max 2 pages).
  • Curriculum vitae – following the structure given by Finnish Advisory Board on Research Integrity (TENK), template can be found here.
  • Complete list of publications 
  • Research work portfolio – including a plan for future research in the position (max 5 pages)
  • Teaching portfolio – Please see guidelines for a candidate here and find out more about our Master’s Programme in Real Estate Economics here.
  • Up to five most important publications as full text pdf, authored or co-authored by the applicant, or a job-market paper.
  • Reference letters from at least three referees.

The general instructions and evaluation criteria for applicants, including language requirements and guidelines for compiling the application material, are given here.

Based on the application materials, the Departmental Committee will choose the most suitable applicants to visit the Department of Built Environment and deliver teaching demonstrations.

Aalto University reserves the right for justified reasons to leave the position open or to extend the application period.

About Aalto

Aalto University is where science and art meet technology and business. We shape a sustainable future by making research breakthroughs in and across our disciplines, sparking the game changers of tomorrow and creating novel solutions to major global challenges. We work in a hybrid way, and the primary workplace is Otaniemi, Espoo. The Otaniemi campus is a thriving and connected community of 100 nationalities, 13,000 students and 4,500 employees. Diversity is part of who we are, and we actively work to ensure our community’s diversity and inclusiveness. This is why we warmly encourage qualified candidates from all backgrounds to join our community. Life at the transformed campus is vibrant and filled with amazing architecture, calming nature, and a variety of cafes, restaurants, services and good connections along the recently opened metro line.

Read more about working at Aalto: https://www.aalto.fi/en/careers-at-aalto  

Check out our new virtual campus experience: https://virtualtour.aalto.fi/

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