Dr. David Durr
The Arthur J. Bauernfeind Endowed Chair in Investment Management is currently occupied by Dr. David Durr. Dr. Durr joined the faculty of Murray State University in August, 2003. Dr. Durr has an excellent record in teaching, research, and service and brings significant expertise in the area of financial planning. He holds a Ph.D. in finance from the University of North Texas and earned a Master of Business Administration degree from Stephen F. Austin State University and a Bachelor of Business Administration from the University of Texas at Austin. Dr. Durr holds two professional certifications; the Certified Financial Planner (CFP®) designation and the Chartered Financial Analyst (CFA) designation. Until recently, Durr worked as a consultant with Institutional Capital Management, a Houston, Texas-based broker/dealer firm. In that capacity, Durr was required to hold the NASD Series 7 (General Securities Registered Representative) and NASD Series 66 (Registered Agent and Investment Advisor) licenses. In addition to his teaching responsibilities, Dr. Durr supports the mission of the university through his direct involvement in financial planning education and support, in developing corporate relationships, and in creating job opportunities for MSU students.
Student Development - Financial Planning Education and Support
Dr. Durr serves as MSU Director of the CFP Board registered program in personal financial planning. Successful completion of the program qualifies MSU students to sit for the CFP Certification Examination. Several Murray State University students met the eligibility requirement in 2011-2012.
Dr. Durr continues to coordinate the financial planning website called Cash Course that is linked with Murray State University. The site is dedicated to providing college students with valuable information about college student life, including financial planning issues.
Student Development-Financial Analyst
Each year Dr. Durr sponsors students who are interested in pursuing the Chartered Financial Analyst (CFA) designation. Because he holds the designation, Dr. Durr is able to assist the students in obtaining a CFA Institute Student Scholarship. The scholarship allows the students to pursue the CFA certification at a greatly reduced cost. Dr. Durr is also instrumental in obtaining study material for the students. He works with them throughout the year, mentoring them, and monitoring their progress. Dr. Durr sponsored five students for the 2011-2012 academic year for the CFA Level One Examinations. He also worked with two students who took the CFA Level Two Examination. He is thoroughly familiar with the CFP Curriculum as co-author of Dalton CFA Review – Study Notes, Volumes I and II, published by Dalton Publications, 2001 (Revised in 2002).
TVA Investment Challenge
Dr. Durr serves as faculty advisor for the student TVA (Tennessee Valley Authority) Investment Challenge Team. Murray State University has been a participating institution since the inception of the program in 1999. MSU students actively manage TVA funds by designing long-term investment strategies, placing trades, and providing performance reports to TVA. The students learn how to manage real money as portfolio managers and are subject to the same standards and guidelines as TVA’s professional financial managers. Participating students are required to perform comprehensive, professional security analyses that result in asset valuation. The objective is to find undervalued securities to add to the portfolio.
Murray State University students compete with students from twenty-four other academic institutions in the TVA service region. Schools that outperform their benchmark are awarded prize money. To date, Murray State University has earned approximately $130,000 in prize money which is managed by the MSU Foundation and is used is to benefit MSU finance students primarily as student scholarships and provision of other resources.
State Farm Financial Services Resource Center
Dr. Durr continues to oversee the activities in the “student-centered” financial services resource center in the College of Business. The creation of the State Farm Financial Services Research Center is largely credited to the vision and efforts of Dr. Durr and Dean Tim Todd. The Center is a key feature of the Bauernfeind College of Business. The focus of the center is on career development and education for students interested in banking, financial planning, financial analysis, and economic education. Students gain hands-on experience working with commercial-grade financial planning software. At multiple work stations students have access to the same live-feed and historic information on bonds, equities, commodities, and currencies used by financial professionals around the world. The suite also has a library/conference room for student use.
Teaching Excellence/Community Involvement
Dr. Durr has served as a Teaching Scholar in Residence for the Center for Teaching and Learning Technology (CTLT). Since that time he has continued to help plan and implement forums/activities designed to promote student learning and teaching development. He participates in forums and in the annual “12 Gadgets of Christmas” hosted by the CTLT staff.
Dr. Durr continues to develop on-line tutorials using tablet PC technology and screen capture software. The tutorials relate primarily to investment topics with a focus on financial planning. Investment professionals throughout the United States utilize these tutorials as they prepare for the Certified Financial Planner (CFP®) Examination. The tutorials are available worldwide on YouTube. To review simply search the term “CFP tools.” To date the tutorials have been viewed more than eighty thousand (80,000) times.
In active support of university initiatives to strengthen community and regional outreach, Dr. Durr continues to work to develop sustained, cooperative relationships with financial services companies in the region. He does this by creating a visibility with such firms through speaking engagements, seminars, and meetings.
Dr. Durr personally serves the local community as well. Dr. Durr serves as a Trustee for the Murray State University Foundation. He has served as a member of the Board of Directors for the MSU Federal Credit Union and as an active member of the Murray High School Band Boosters. Dr. Durr also chaired the St. Leo Catholic Church’s Parish Pastoral Council.