Professor Rai is a Professor of Finance at the Frank G. Zarb School of Business at Hofstra University in New York.  He has been teaching corporate finance, financial institutions and international finance courses for over 25 years. Before joining the faculty at Hofstra, Dr. Rai taught as an assistant professor at the University of Vermont and as a graduate instructor at Indiana University.

He is an Associate of the Center for International Financial Services and Markets where he served as its Director from 2008-13. As Director, he organized several major conferences featuring government leaders, senior executives from corporations, and leading academics.

His current research interest centers on international banking and financial markets. His articles have been published in the Journal of Banking and Finance, Journal of International Money and Finance, Journal of Economics and Business, Journal of Futures Markets, Journal of Financial Research Services, Journal of International Financial Markets, Institutions and Money, Financial Management and Journal of Risk and Insurance. He has presented papers at several national and international finance conferences.

Professor Rai serves as an Associate Editor of the Journal of Multinational Financial Management and on the Advisory Board of the SSRN’s History of Finance eJournal. He is the author of the textbook “Basic of International Business” (2nd edition), 2014, and the Instructor’s Manual to Financial Institutions Management (2nd Edition, by Anthony Saunders), 1996.

He has taught at several other institutions as a visiting or adjunct professor, including at the Rotterdam School of Management (The Netherlands), New York University (New York), University of Catania (in Sicily), Indian institute of Management Calcutta, University of Curacao and Rutgers University (Singapore). He has conducted several seminars on risk management to bankers from Russia and its newly independent states, China and the Netherlands Antilles.

On the consulting side, he is the President of Worldwide Capital Advisory Partners, a global research advisory firm.He is also a member of the team that develops and markets the ProBanker Simulation software used as a supplemental tool in teaching banking courses around the world.

Professor Rai received his B.A. (Honours) and M.A. in Economics from Delhi University, India, in 1977 and his M.B.A. from the University of Notre Dame in 1980. He earned his Ph.D. in International Business with minors in Finance and Economics from the Kelly School at Indiana University in 1987.