He received his Ph.D. in Economics from the University of Virginia, and has taught at the University of Virginia, Virginia Tech, and Babson College. Orlov holds a visiting associate professor position at the American University in Bulgaria, where he teaches in the executive MBA program. He has taught a variety of courses, ranging from undergraduate money and banking, macroeconomics, econometrics and international economics, to graduate-level managerial economics and entrepreneurship in the global economy.