Here's what Joe Biden will do after 8 years as vice president

AP

Joe Biden.

Joe Biden has a new job.

The University of Pennsylvania announced on Tuesday that the former vice president has been named the Benjamin Franklin Preisdential Practice professor, where he'll be leading the brand-new Penn Biden Center for Diplomacy and Global Engagement, focusing on foreign policy, diplomacy, and national security.

"Joe Biden is one of the greatest statesmen of our times," University of Pennsylvania president Amy Gutmann said on Tuesday. "In his distinguished career of service to our nation, he has demonstrated a unique capacity to bring people together across divides and to craft constructive responses to some of the toughest and most important policy challenges of our day."

The Penn Biden Center will be based in Washington D.C., though Biden himself will also have an office on the University of Pennsylvania's campus in Philadelphia.

Apart from his role at the University of Pennsylvania, Biden will also be the founding chairman of the Biden Institute - which will focus on public policy - at his alma mater, the University of Delaware.