Thursday, April 7, 2022

What Is an Executive-in-Residence?


A resident of Louisiana, Kirk Fisher is a senior vice president and chief financial officer with Plexos Group. In 2005, Kirk Fisher founded Fisher Real Estate, where he serves as CEO. Mr. Fisher is also an MBA instructor and executive-in-residence at Louisiana State University.

An executive-in-residence, also commonly referred to as an entrepreneur-in-residence, is a position created in business schools, private equity firms, startup accelerators, or venture capital firms for successful entrepreneurs or senior executives such as CEOs and CFOs. In business schools, the person who holds the executive-in-residence position has often started or led a company that has experienced exceptional growth in terms of annual revenues, market share, employee numbers, etc.

These individuals are expected to share with MBA students and university faculty members how they achieved their enviable track record of success. For example, they may give lectures where they share practical examples regarding business topics that students learn about, like shareholder activism, company restructuring, initial public offerings, and mergers and acquisitions.

The executive could also be tasked with meeting MBA students to advise them on how they can get the most from their program, give career direction, or help them develop disruptive business ideas. The executive-in-residence also helps build a stronger relationship between the university and the local business community, something that could lead to job opportunities for students.

For successful executives and entrepreneurs, the executive-in-residence position offers them an excellent opportunity to give back to their communities by sharing their business knowledge with students on university campuses.

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