Thomas Korankye, Ph.D., CFP®

Assistant Professor, Personal & Family Financial Planning

Thomas Korankye, Ph.D., CFP®

Assistant Professor, Personal & Family Financial Planning


  • Doctor of Philosophy in Personal Financial Planning, Texas Tech University, Texas.
  • Master of Science in Finance, Texas Tech University, Rawls College of Business, Texas.
  • Master of Science in Personal Financial Planning, Texas Tech University, Texas.
  • Master of Science in International Fisheries Management, University of Tromsø, Norway.
  • Degree of Master in Finance, University of Skӧvde, Sweden.
  • Bachelor of Science in Administration (Banking and Finance option), First Class Honors, University of Ghana, Accra.

Accepting New Students for Fall 2023

Thomas Korankye, Ph.D., CFP® will be accepting new graduate students, beginning in Fall 2023

Contact Thomas Korankye, Ph.D., CFP® for more information

Subjects Taught
  • Retail Financial Services.
  • Applied Family Investment Planning and Savings Strategies.
Select Publications

Korankye, T., Pearson, B., Salehi, H. (forthcoming). Financial advice use and saving for children’s college education: A propensity score matching approach. Journal of Financial Counseling and Planning.

Korankye, T., Pearson, B. (2022). The nexus between investor sophistication and annuity insurance ownership: Evidence from FINRA’s National Financial Capability Study. Managerial Finance.   

Pearson, B. & Korankye, T. (2022). The association between financial literacy confidence and financial satisfaction. Review of Behavioral Finance.

Korankye, T., & Lartey J. K. S. (2022). The subjective well-being of self-employed persons: National survey evidence from Ghana. Journal of Economic and Administrative Sciences.  

Pearson, B., Qing, D., & Korankye, T. (2022). The role of financial relativity in loss aversion sensitivity. Empirical Economics Letters. 21(8).

Korankye, T. (2021). Taking out a student loan for your child can hurt your own financial well-being. The Conversation, December 17, 2021.

Pearson, B., Korankye, T. & Salehi, H. (2021). Comparative advantage in the household: Should one person specialize in a household’s financial matters? Journal of Family and Economic Issues. 1-11.

Korankye, T. & Kalenkoski, M. C. (2021). Student debt and financial well-being of the borrower: Does it matter whom the debt is for? Journal of Personal Finance, 20(2), 75-89. Available at SSRN:

Kalenkoski, C. M., Anuarbe, M. L. & Korankye, T. (2021). Differences in the experiential well-being of Hispanics and non-Hispanics engaged in elder care. Journal of Family and Economic Issues, 1-10.

Korankye, T. & Kalenkoski, M. C. (2021). Determinants of parents’ college education saving decisions. Journal of Personal Finance, 20(1), 8-25. Available at SSRN:

Korankye, T. & Kalenkoski, C. M. (2021). The effect of households’ student debt on life satisfaction. Journal of Family and Economic Issues, 42(4), 757-772.

Kalenkoski, M. C. & Korankye, T. (2021). Enriching lives: How spending time with pets is related to the experiential well-being of older Americans. Applied Research in Quality of Life, 1-22.

Korankye, T., & Guillemette, M. (2020). Student debt and stock-ownership decisions of U.S. households. Applied Economics Letters.      

Kalenkoski, C. M, Lyford, C., Korankye, T., Gavin, M., and Peiris, A. N. (2020). Vitamin D, cognitive function and gait speed in older adults - A NHANES Study. Journal of Population Ageing.

Recent Accomplishments

National Endowment for Financial Education/Knology Financial Education Database Training Fellowship. May 2022 – September 2022.

Recipient of the 2021 Academy of Financial Counseling and Planning Education (AFCPE®) Outstanding Symposium Research Award, with co-authors Blain Pearson and Hossein Salehi.

Faculty Personal & Family Financial Planning
Thomas K

McClelland Park Room 301G
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