Virginia Tech Pamplin Departments

Randall Billingsley


Associate Professor of Finance

Department of Finance
Pamplin College of Business
Virginia Tech
Blacksburg, VA 24061

Office: Pamplin 1025
Phone: 540-231-7374
Fax: 540-231-3155

Curriculum Vitae

Fall 2017 Teaching Schedule:

88967 FIN 4274 Equity Securities M W 2:30p 3:45p PAM 3004 Billingsley R
84153 FIN 4275 Analytics Equity Port. Mgt. (SEED Only) M W 4:00p 5:15p PAM 1010 Billingsley R
90186 FIN 4276 Analytics Equity Port. Mgt. (SEED Only) M W 4:00p 5:15p PAM 1010 Billingsley R

Fall 2017 Office Hours:

MW 1:00-2:00 PAM 1025

Education and Certification

Ph.D., Texas A&M University, 1982
C.F.A., Institute of Chartered Financial Analysts, 1986
Financial Risk Manger (FRM),
Certified Rate of Return Analyst (CRRA)


Dr. Billingsley's primary teaching area is in Investments and Derivatives. He has taught Executive Development courses on Investment Analysis in the U.S., Europe, and Asia.
He has participated in the development and teaching of the Finance Track of a continuing education program at Pamplin. He has taught CFA review courses in the U.S., Europe, and Asia. His valuation case study has been broadly read and was assigned in Level II of the CFA Curriculum.


Dr. Billingsley's research interests include investments, derivatives and risk management generally, with a special emphasis on valuation, public utility rate issues, and regulatory finance. He has published articles in many Finance journals. His recent focus is on several investment projects that overlap with his consulting experience. This includes case studies and investigative research on the telecommunications industry.

Business Experience:

Dr. Billingsley has acted as a consultant to the Association for Investment Management and Research (now the CFA Institute) and many large firms. He acts as an expert witness on public utility cost of equity determination and investment-related litigation matters. He has also provided testimony sponsored by the United States Telecommunications Association (USTA), a telecommunications industry association. He has acted as a consultant for BellSouth Telecommunications, Sprint, UBS, and numerous other firms.

Service-Related Contributions:

Dr. Billingsley is a Faculty Advisor for SEED and has developed a new course on equity valuation and portfolio management for that group.

Professional Achievements:

Dr. Billingsley has served on the Board of Directors of the Society of Utility and Regulatory Financial Analysts. He has worked on an AIMR (now the CFA Institute) committee on Equity Valuation Methodologies. He has reviewed the Equity Valuation and Portfolio Analysis sections of the CFA Global Body of Knowledge, has served as a member of the CFA Candidate Curriculum Committee, and formerly was Vice President at the Association for Investment Management and Research.