Dr. Parrino is the founding director of the Hicks, Muse, Tate & Furst Center for Private Equity Finance. A member of the faculty at University of Texas since 1992, Dr. Parrino has taught courses in regular degree and executive education programs at the University of Texas, as well as in customized executive education courses for industrial, financial, and professional firms. He has also taught at the University of Chicago, University of Rochester, and IMADEC University in Vienna. Dr. Parrino has received numerous awards for teaching excellence at University of Texas from students, faculty, and the Texas Ex’s (alumni association).
Dr. Parrino has been involved in advancing financial education outside of the classroom in a variety of ways. As a Chartered Financial Analyst (CFA) charterholder he has been very active with the CFA Institute, having been a member of the candidate curriculum committee, served as a regular speaker at the annual Financial Analysts Seminar, spoken at over 20 Financial Analyst Society meetings, and as a past member of the planning committee for the CFA Institute’s Annual Meeting. Dr. Parrino was Vice President for Financial Education of the Financial Management Association (FMA) from 2008 to 2010 and has been elected to serve as an academic director of the FMA from 2011 to 2013.
Dr. Parrino is also co-founder of the Financial Research Association and is Associate Editor of the Journal of Corporate Finance and the Journal of Financial Research. Dr. Parrino’s research includes work on corporate governance, financial policies, restructuring, and mergers and acquisitions, as well as research on private equity markets. He has published his research in a number of journals, including the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Law and Economics, Journal of Portfolio Management, and Financial Management. Dr. Parrino has won a number of awards for his research.
Dr. Parrino is currently on the advisory council of Virgo capital, a private equity firm, and was previously President of Sprigg Lane Financial, Inc., a financial consulting firm with offices in Charlottesville, Virginia and New York City. While at Sprigg Lane, he was on the executive, banking, and portfolio committees of the holding company that owns Sprigg Lane. Before joining Sprigg Lane, Dr. Parrino was on the Corporate Business Planning and Development staff at Marriott Corporation. At Marriott, he conducted fundamental business analyses and preliminary financial valuations of new business development opportunities and potential acquisitions. Dr. Parrino holds a B.S. in chemical engineering from Lehigh University, an MBA degree from The College of William and Mary, and M.S. and Ph.D. degrees in applied economics and finance, respectively, from University of Rochester.