Professor Whyman was educated at the University of Bradford and he has worked in both public and private sectors, including a period spent as researcher for the trade union USDAW. Initially appointed as research assistant and Lecturer in Economics at the University of Bradford, he spent a year as Swedish Institute Research Fellow at the Statsvetenskapliga Institutionen of Stockholm University.
Philip joined the University of Central Lancashire's School of Business in 1999 as Senior Lecturer in Economics, was appointed Reader in 2002 and was awarded a personal Chair in 2006. He is currently Director of the Lancashire Institute for Economic and Business Research (LIEBR), which aims to encourage and facilitate research into the interaction between economic, business and public policy, broadly defined.
He is currently active in various professional bodies and undertakes research and consultancy for government, corporations and charitable bodies, advising on various aspects of economic policy and European integration. He is a member of Economists for Britain and Labour for Britain.