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Faculty development is a process by which faculty are provided with learning opportunities to systematically improve their skills. Faculty development programs offer learning activities which target the development of (a) clinical skills, (b) educational skills, (c) research skills, (d) mentoring/strategic career planning, (e) leadership skills, and (f) personal and professional wellness. Psychologists possess a diverse range of skills that effectively prepare them for faculty development roles as speakers/facilitators, program directors, and program evaluators. This article reviews these diverse skills as well as key steps psychologists can take that highlight the value in faculty development programming and the skill set psychologists possess which fosters career development in this area.