Professor Musumeci’s interest in finance piqued at a young age – “during a statewide high school math contest in Dallas,” said Musumeci. “Most of the participants were private school kids, and they pretty much ignored us public-school students. Well, as you can imagine, it felt pretty good to beat them.  My Dad sent the newspaper clipping to my grandfather who said he was going to carry it in his wallet until he died, so that had a pretty big impact on me.”

Originally from Texas, Musumeci earned his bachelor’s, master’s and doctoral degrees from the University of Texas at Austin. He joined the SIU College of Business faculty in 1993 and teaches corporate finance, investments and risk management. His research focuses on methodology issues and asset allocation for retirement purposes.

A celebrated instructor, Musumeci earned honors as the College of Business and Administration Undergraduate Teacher of the Year in 2000 and Graduate Teacher of the Year in 1999.

Among other things, Musumeci credits the “good work environment” for his achievements. “All of us here in the finance department pretty much share the same values and respect each other, and as long as we do our jobs well, no one really cares much about the way in which we got there,” he said.

Despite his individual accomplishments, Musumeci is quick to tout accolades received by to his department. “It is very productive in research, being ranked in the top 5.6 percent according to the Financial Management Association Journal.  This is above all of our peer institutions.”

Success is nothing new for the Musumeci family.  Musumeci’s father coached a bridge team that won four world championships and he ghost-wrote the most popular nationally syndicated bridge column.

RESEARCH INTERESTS

• Methodology issues
• Asset allocation for retirement purposes

PUBLICATIONS

“Test Power and Confidence in Results,” Financial Practice and Education, 2000, vol 10(2), (with Marcia Cornett and Kim Gleason).

“Another Look at Mutually Exclusive Projects with Unequal Lives and Required Returns,” Journal of Financial Education, 1999 vol 25(1).

“How Legislation Affects Value: The Failure of Credit Card Cap Legislation," Financial Management , 1999 vol 28(3), (with Marcia Cornett).

“A Dynamic Programming Approach to Multi-Period Asset Allocation,” Journal of Financial Services Research, 1999 vol 15(1), (with Joe Musumeci).

“Rationales for the Existence of Real Estate Leasing,” Journal of Real Estate Research, 1998 vol 15(3), (with John Benjamin and Cris de la Torre).

AWARDS

Southern Illinois University College of Business and Administration Undergraduate Teacher of the Year, 2000.

Southern Illinois University College of Business and Administration Graduate Teacher of the Year, 1999.

Southern Illinois University College of Business and Administration Graduate Teaching Honor Roll, 1997—1999.

Southern Illinois University College of Business and Administration Undergraduate Teaching Honor Roll, 1996—1997, 1999—2000, 2003.