phd finance london business school

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MRes/PhD Finance

• Graduate research
• Department of Finance
• Application code N4ZC
• Starting 2024
• Home full-time: Closed
• Overseas full-time: Closed
• Location: Houghton Street, London

This programme offers the chance to undertake a substantial piece of work that is worthy of publication and which makes an original contribution to the field of finance. You will begin on the MRes, and will need to meet certain requirements to progress to the PhD.

Our programme is unique in its integration of finance and economics. During the first year, you will take microeconomics, macroeconomics, and econometrics courses alongside PhD students in Economics. However, in the second year you will differentiate by taking advanced courses in asset pricing and corporate finance. You will leave with a broad understanding of finance and its relations to other fields in economics.

As one of the largest finance departments in the world, we are able to offer opportunities for research in virtually any field in finance. We have strengths in theory and empirics, asset pricing and corporate finance, as well as financial econometrics, behavioural finance, macro-finance, and microeconomic analysis of financial markets and institutions.

You are expected to participate in the regular departmental seminars (weekly), as well as occasional workshops and conferences given by internationally renowned speakers. This is viewed as an important part of the learning process on the MRes/PhD in Finance.

Programme details

For more information about tuition fees and entry requirements, see the fees and funding and assessing your application sections.

Entry requirements

Minimum entry requirements for mres/phd finance.

Merit in a taught master's degree in finance, economics or another subject with a strong quantitative component.

Competition for places at the School is high. This means that even if you meet our minimum entry requirement, this does not guarantee you an offer of admission. 

If you have studied or are studying outside of the UK then have a look at our  Information for International Students  to find out the entry requirements that apply to you.

GRE/GMAT requirement

GRE or GMAT is required from all applicants (GRE is preferred)

Find out more about GRE/GMAT

Assessing your application

We welcome applications for research programmes that complement the academic interests of members of staff at the School, and we recommend that you investigate  staff research interests  before applying. However, please do not get in touch with faculty at this stage, 

We carefully consider each application on an individual basis, taking into account all the information presented on your application form, including your:

• academic achievement (including existing and pending qualifications)
• statement of academic purpose 
• outline research proposal
• sample of written work.

See further information on supporting documents

You may also have to provide evidence of your English proficiency. You do not need to provide this at the time of your application to LSE, but we recommend that you do.  See our English language requirements .

When to apply

The application deadline for this programme is 25 April 2024 . However, to be considered for any LSE funding opportunity, you must have submitted your application and all supporting documents by the funding deadline. See the fees and funding section for more details.

Statement of Academic Purpose

Your Statement of Academic Purpose should clearly explain the below:

• Why you want to do research in finance
• How your studies and experience make you suitable to do research in finance

Research interests

Your Research Interests should be submitted in place of the Outline Research Proposal, along with your application form and other required supporting documents, via the LSE online application system.

• Which aspect of the PhD do you think you will like the most? Which will you dislike the most? Why? (max. 200 words)
• Tell us about your favourite paper in financial economics. What do you like about it? How would you improve it? (max. 400 words)
• Write a comment for a general audience on a topic/question that interests you in finance: (max. 400 words).
• Is CEO compensation excessive?
• Markets function well as information is aggregated efficiently through prices.
• What are the benefits of shareholder activism?

Fees and funding

Fees and funding.

Every research student is charged a fee in line with the fee structure for their programme.  The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

Tuition fees 2024/25 for MRes/PhD in Finance

Home students: £4,829 for the first year (provisional) Overseas students: £22,632 for the first year

The fee is likely to rise over subsequent years of the programme. The School charges home research students in line with the level of fee that the Research Councils recommend. The fees for overseas students are likely to rise in line with the assumed percentage increase in pay costs (ie, 4 per cent per annum).

The Table of Fees shows the latest tuition amounts for all programmes offered by the School.

The amount of tuition fees you will need to pay, and any financial support you are eligible for, will depend on whether you are classified as a home or overseas student, otherwise known as your fee status. LSE assesses your fee status based on guidelines provided by the Department of Education.

Further information about fee status classification.

Scholarships and other funding

The School recognises that the  cost of living in London  may be higher than in your home town or country, and we provide generous scholarships each year to home and overseas students.

This programme is eligible for  LSE PhD Studentships , and  Economic and Social Research Council (ESRC) funding . Selection for the PhD Studentships and ESRC funding is based on receipt of an application for a place – including all ancillary documents, before the funding deadline.  

Funding deadline for LSE PhD Studentships and ESRC funding: 15 January 2024 Second funding deadline for LSE PhD Studentships: 25 April 2024

The Finance Department may also offer departmental scholarships.

In addition to our needs-based awards, LSE also makes available scholarships for students from specific regions of the world and awards for students studying specific subject areas.  Find out more about financial support.

External funding 

There may be other funding opportunities available through other organisations or governments and we recommend you investigate these options as well.

Further information

Fees and funding opportunities

Information for international students

LSE is an international community, with over 140 nationalities represented amongst its student body. We celebrate this diversity through everything we do.  

If you are applying to LSE from outside of the UK then take a look at our Information for International students . 

1) Take a note of the UK qualifications we require for your programme of interest (found in the ‘Entry requirements’ section of this page). 

2) Go to the International Students section of our website. 

3) Select your country. 

4) Select ‘Graduate entry requirements’ and scroll until you arrive at the information about your local/national qualification. Compare the stated UK entry requirements listed on this page with the local/national entry requirement listed on your country specific page.

Programme structure and courses

Programme structure and courses.

A PhD in Finance from LSE consists of six coursework units, completed over two years, followed by a thesis which is usually expected to take a further three or four years.

We encourage our research students to participate fully in the intellectual life of the Department, and in the research seminar and workshop programmes of the Department and related research centres such as the Financial Markets Group (FMG). The weekly Capital Markets Workshops provide exposure to the work of leading academics from the UK and overseas. In addition, the FMG hosts a number of conferences each year with leading researchers and practitioners.

Students will normally commence in late August, by attending an introductory course before the start of the academic year.

Introductory Course in Mathematics and Statistics Provides students with the essential mathematical, statistical, economic and econometric background for the core Economics courses of these programmes.

During their first year, students take courses in Advanced Microeconomics, Advanced Macroeconomics and Advanced Financial Econometrics to build their core knowledge in these areas. They will also take two transferable skills courses which are not examined.

There is also the option to attend non-examined research workshops or seminars in finance given by faculty and internationally renowned scholars. Students also attend a PhD seminar in Finance throughout their MRes/PhD studies.

Microeconomics for MRes Students Introduces the basic analytical tools that are necessary to conduct research in any field in economics.

Macroeconomics for MRes Students Covers topics in advanced macroeconomics with emphasis on fundamentals and applications to recent theoretical advances.

Econometrics for MRes students Covers probability, mathematical statistics, and asymptotic theory, and theory and application of regression analysis. Provides a survey of the theory and application of time series methods in econometrics.

Financial Economics This non-examined course provides an in-depth introduction to the theories of asset pricing and corporate finance.

Capital Markets Workshop   

Second year

Students take courses in Corporate Finance and Asset Pricing, in addition to completing a research paper. They are also expected to attend research workshops or seminars in finance given by faculty and internationally renowned scholars.

Corporate Finance for Research Students The first half of this course focuses on the theory of corporate finance. The second half of the course will consider empirical research in corporate finance.  

Asset Pricing for Research Students Covers asset pricing theory, empirical asset pricing, as well as empirical evaluation of asset-pricing models.

Research Paper in Finance A research paper of between 6,000 and 8,000 words, related to your designated major field, to be submitted at the end of August of the second year.

PhD Seminar in Finance A seminar course for PhD students in the early stages of their research to present their work in progress.

Capital Markets Workshop

PhD programme

After meeting the progression requirements, students progress to PhD registration and begin to work on their thesis

For the most up-to-date list of optional courses please visit the relevant   School Calendar page. 

You must note, however, that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises. 

You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s  Calendar , or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the  updated graduate course and programme information  page.

Supervision, progression and assessment

Supervision.

You will be assigned a lead supervisor (and a second supervisor/adviser) who is a specialist in your chosen research field, though not necessarily in your topic. Lead supervisors guide you through your studies.

Progression and assessment

To progress at the end of each year, students must pass their examined courses at grades specified by the Department and make satisfactory progress in their research. Progress is regularly monitored by the Department's Postgraduate Assessment Review Panel.

You will also need to meet certain criteria to progress to PhD registration, such as achieving certain grades in your coursework, and earning a minimum mark on your research paper.

Your final award will be determined by the completion of an original research thesis and a viva oral examination.

More about progression requirements.  

Student support and resources

We’re here to help and support you throughout your time at LSE, whether you need help with your academic studies, support with your welfare and wellbeing or simply to develop on a personal and professional level.

Whatever your query, big or small, there are a range of people you can speak to who will be happy to help.  

Department librarians   – they will be able to help you navigate the library and maximise its resources during your studies. 

Accommodation service  – they can offer advice on living in halls and offer guidance on private accommodation related queries.

Class teachers and seminar leaders  – they will be able to assist with queries relating to specific courses. 

Disability and Wellbeing Service  – they are experts in long-term health conditions, sensory impairments, mental health and specific learning difficulties. They offer confidential and free services such as  student counselling,  a  peer support scheme  and arranging  exam adjustments.  They run groups and workshops.  

IT help  – support is available 24 hours a day to assist with all your technology queries.   

LSE Faith Centre  – this is home to LSE's diverse religious activities and transformational interfaith leadership programmes, as well as a space for worship, prayer and quiet reflection. It includes Islamic prayer rooms and a main space for worship. It is also a space for wellbeing classes on campus and is open to all students and staff from all faiths and none.   

Language Centre  – the Centre specialises in offering language courses targeted to the needs of students and practitioners in the social sciences. We offer pre-course English for Academic Purposes programmes; English language support during your studies; modern language courses in nine languages; proofreading, translation and document authentication; and language learning community activities.

LSE Careers  ­ – with the help of LSE Careers, you can make the most of the opportunities that London has to offer. Whatever your career plans, LSE Careers will work with you, connecting you to opportunities and experiences from internships and volunteering to networking events and employer and alumni insights. 

LSE Library   –   founded in 1896, the British Library of Political and Economic Science is the major international library of the social sciences. It stays open late, has lots of excellent resources and is a great place to study. As an LSE student, you’ll have access to a number of other academic libraries in Greater London and nationwide. 

LSE LIFE  – this is where you should go to develop skills you’ll use as a student and beyond. The centre runs talks and workshops on skills you’ll find useful in the classroom; offers one-to-one sessions with study advisers who can help you with reading, making notes, writing, research and exam revision; and provides drop-in sessions for academic and personal support. (See ‘Teaching and assessment’). 

LSE Students’ Union (LSESU)  – they offer academic, personal and financial advice and funding.  

PhD Academy   – this is available for PhD students, wherever they are, to take part in interdisciplinary events and other professional development activities and access all the services related to their registration. 

Sardinia House Dental Practice   – this   offers discounted private dental services to LSE students.  

St Philips Medical Centre  – based in Pethwick-Lawrence House, the Centre provides NHS Primary Care services to registered patients.

Student Services Centre  – our staff here can answer general queries and can point you in the direction of other LSE services.  

Student advisers   – we have a  Deputy Head of Student Services (Advice and Policy)  and an  Adviser to Women Students  who can help with academic and pastoral matters.

Student life

As a student at LSE you’ll be based at our central London campus. Find out what our campus and London have to offer you on academic, social and career perspective. 

Student societies and activities

Your time at LSE is not just about studying, there are plenty of ways to get involved in  extracurricular activities . From joining one of over 200 societies, or starting your own society, to volunteering for a local charity, or attending a public lecture by a world-leading figure, there is a lot to choose from. 

The campus 

LSE is based on one  campus  in the centre of London. Despite the busy feel of the surrounding area, many of the streets around campus are pedestrianised, meaning the campus feels like a real community. 

Life in London 

London is an exciting, vibrant and colourful city. It's also an academic city, with more than 400,000 university students. Whatever your interests or appetite you will find something to suit your palate and pocket in this truly international capital. Make the most of career opportunities and social activities, theatre, museums, music and more. 

Want to find out more? Read why we think  London is a fantastic student city , find out about  key sights, places and experiences for new Londoners . Don't fear, London doesn't have to be super expensive: hear about  London on a budget . 

The programme is aimed at training students to become an academic. Students who successfully complete the programme often embark on a career in academic institutions, or international organisations such as central banks or the IMF. See a list of past placements.

Further information on graduate destinations for this programme

Support for your career

LSE Careers has a wide range of resources available to assist students in their job search. Find out more about the  support available to students through LSE Careers .

Find out more about LSE

Discover more about being an LSE student - meet us in a city near you, visit our campus or experience LSE from home. 

Experience LSE from home

Webinars, videos, student blogs and student video diaries will help you gain an insight into what it's like to study at LSE for those that aren't able to make it to our campus.  Experience LSE from home . 

Come on a guided campus tour, attend an undergraduate open day, drop into our office or go on a self-guided tour.  Find out about opportunities to visit LSE . 

LSE visits you

Student Marketing, Recruitment and Study Abroad travels throughout the UK and around the world to meet with prospective students. We visit schools, attend education fairs and also hold Destination LSE events: pre-departure events for offer holders.  Find details on LSE's upcoming visits . 

How to apply

Virtual Graduate Open Day

Register your interest

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Finance at LBS

There’s no better place in the world for you to study Finance than at London Business School. We have an outstanding global reputation for teaching this specialist subject and strong links with financial institutions, recruiters and practitioners.

London has long-held its position as the international financial capital of the world, and with our campus located at its heart, you’ll find yourself at the thriving epicenter – able to build connections in the City while learning alongside some of the world’s finest financial minds.

post-experience Masters in Finance

Financial Times 2022

£ 10 trn+

in assets managed in the UK 

the largest asset management centre in Europe.

raised via London IPOs over the last three years

approx. one-quarter of all European IPOs by value.

£ 32 .3bn

PE & VC funding 

was secured by UK financial services firms in 2022.

A finance education suited to your experience level

We see finance professionals gain successful admission to programmes across our Masters portfolio. However, for those with a concentrated interest in finance, there are two programmes that have been created specifically for those at a pre- or post-experience stage in their careers.

Masters in Financial Analysis (MFA)

Our MFA is for recent graduates with up to 2 years’ experience. It gives you a solid base in finance, accounting, data analysis, financial modelling and world economy. You also gain knowledge of the very latest financial software and exposure to financial markets and institutions. It’s an applied programme that will ensure you complete your studies equipped with exceptional analyst-level skills that are in demand.

Masters in Finance (MiF)

Consistently ranked as the world’s best post-experience programme by the Financial Times, the MiF is ideal for experienced finance professionals who are striving to expand their network and secure long-term success. The MiF is available in full- or part-time format, to fit around your personal and professional commitments.

Tailor your learning experience

Gain global exposure

Depending on the programme you choose to study there are opportunities to take your experience global via a Global Experience or a Global Immersion Elective.

Led by expert faculty, Global Experiences follow one of the following themes: Finance, Technology, Innovation, Entrepreneurship, Strategy, Luxury or Sustainability & Social Impact. You will spend an intensive, immersive week, gaining an in-depth view of a country’s business culture via company visits, expert panels, workshops and guest speakers. You’ll interact meaningfully with major corporations, micro-entrepreneurs, faculty, alumni and others in the LBS global community. Debate the risks of doing business in a frontier market, support a micro-entrepreneur with a business plan or help a tech start-up tackle a pressing business issue.

Students on our Masters in Finance programme can pursue the Global Immersion elective, an exciting week-long trip specifically focusing on the asset management and banking industries. Deepen your understanding of the financial sector on this faculty-led trip built around guest speakers and organisational visits. Recent locations include Boston/New York, and Paris/Frankfurt.

Customise your classes

Electives are a key part of the learning experience across all of our Masters programmes. They allow you to tailor your learning across subject areas such as Economics, Management Science and Operations, Marketing, Organisational Behaviour and Strategy and Entrepreneurship. We have an extensive elective offering, recent courses on offer have included: 

• Value Investing
• Private Equity and Venture Capital
• Real Estate Finance
• The Economics of a Crisis
• Equity Investment Management
• Financial Analysis of Mergers

Students on our Masters in Finance can also choose one of the following concentrations which support specific interest areas and career goals: 

• Corporate Finance
• Investment Management and Analysis
• Risk Management and Derivatives

Student-led learning

There are over 80+ clubs to be found at LBS, and between them over 1000+ events and initiatives are hosted annually. Our strong links to the sector make it easy for the brightest and best in the finance world to share their insights and experience. LBS’s finance clubs serve one of the largest professional communities on campus and cater to a wide variety of finance-related interests including:

• Investment Banking (Finance Club)
• Investment Management
• Real Estate
• Infrastructure

Each club offers students a platform to connect with those with similar interests and cement a network outside your immediate cohort. Key student-led initiatives include:

• Treks: 20+ finance treks around the world run annually.
• Conferences: several exclusive club run conferences covering Investment Management, PEVC, Women in Business, Real Estate and more.
• Competitions: including Stock Pitch, Private Equity Case and Venture Capital Investment competitions.

With such a breadth of events on offer, there’s no shortage of opportunities to engage with new insights, improve your skills and strengthen your network.

"I was looking for a solid foundation in finance and knew from living in London that LBS would be a great option. The campus is near my office in Marble Arch, in the heart of the city, and was the perfect place to bui "I was looking for a solid foundation in finance and knew from living in London that LBS would be a great option. The campus is near my office in Marble Arch, in the heart of the city, and was the perfect place to build my network. It was also important that I could study part-time; I wanted to continue moving forward with my career rather than taking time out. " ...

"I was looking for a solid foundation in finance and knew from living in London that LBS would be a great option. The campus is near my office in Marble Arch, in the heart of the city, and was the perfect place to build my network. "

Martha Mends, MiFPT2022 

Job title:  Investment Associate at EMK Nationality:  British

"What amazed me the most at LBS was the help I got from the career team and the career coaches even before the start of term. The CV reviews, multiple workshops and peer leader sessions offered me great opportunities "What amazed me the most at LBS was the help I got from the career team and the career coaches even before the start of term. The CV reviews, multiple workshops and peer leader sessions offered me great opportunities to learn from industry leaders and experienced alumni. The people at LBS are also exceptional; I not only met great classmates, but also future colleagues and lifelong friends. " ...

"What amazed me the most at LBS was the help I got from the career team and the career coaches even before the start of term. The CV reviews, multiple workshops and peer leader sessions offered me great opportunities to learn from industry leaders and experienced alumni. "

Chenghong Sun, MFA2021

Job title:  Graduate Analyst - Securities Services, J.P. Morgan Nationality:  Chinese

"As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset "As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles. As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles. " ...

"As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles. "

Santiago Frontini Gerlach, MiFFT2021

Job title:   Impact Investor, International Finance Corporation Nationality:  Argentinian/German 

"The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and intervie "The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. The MBA programme fully furnished me with a deep understanding of finance, strategy and management, all of which I am using to thrive in my current role. " ...

"The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. "

Chidi Amadi, MBA2021

Job title: Investment Banking Associate, Citi Nationality:  British

"I was looking for a solid foundation in finance and knew from living in London that LBS would be a great option. The campus is near my office in Marble Arch, in the heart of the city, and was the perfect place to build my network. It was also important that I could study part-time; I wanted to continue moving forward with my career rather than taking time out." Martha Mends, MiFPT2022  , Job title:  Investment Associate at EMK Nationality:  British

"What amazed me the most at LBS was the help I got from the career team and the career coaches even before the start of term. The CV reviews, multiple workshops and peer leader sessions offered me great opportunities to learn from industry leaders and experienced alumni. The people at LBS are also exceptional; I not only met great classmates, but also future colleagues and lifelong friends." Chenghong Sun, MFA2021 , Job title:  Graduate Analyst - Securities Services, J.P. Morgan Nationality:  Chinese

"As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles. As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles." Santiago Frontini Gerlach, MiFFT2021 , Job title:   Impact Investor, International Finance Corporation Nationality:  Argentinian/German 

"The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. The MBA programme fully furnished me with a deep understanding of finance, strategy and management, all of which I am using to thrive in my current role." Chidi Amadi, MBA2021 , Job title: Investment Banking Associate, Citi Nationality:  British

Career Centre

Richard Bland

Head of Finance Careers at London Business School

Finance is a core strand of our School and we are fortunate to have one of the most respected finance faculties in the world. With two pre-eminent finance programmes and more than a quarter of our MBA class, in total, more than 40% of all London Business School’s full-time students go on to pursue a career in finance post-graduation. We work closely with companies, offering a suite of options to connect to students, whether that is coming on campus to present, attending a careers fair, hosting office events or simply posting a job to the appropriate community.

Since the global financial crisis, we have seen a significant growth in Buy Side careers for students, with a tripling of the number of students entering private equity annually over the last decade. Our annual Buy Side Networking Evening, held each spring, brings together alumni from asset management, hedge funds and private equity to network with each other and to meet current students. The Finance Careers team also facilitate upwards of 20 treks a year, focusing on different sectors or geographies, which are regularly supported by our alumni community. These are a great chance to hear from investment professionals about recent investments and develop a network.

Employment reports

Download our employment reports to explore the industries, salaries, destinations and much more of our most recent graduates.

Institute of Entrepreneurship and Private Capital

The IEPC is an unparalleled centre for education, policy shaping and events covering all aspects of entrepreneurship, from idea generation to financing, and private markets investing. The IEPC helps create and finance the companies of the future and shape the people who will lead them.

AQR Asset Management Institute

The AQR Asset Management Institute harnesses the School’s academic excellence, global perspective and London experience. A pioneer in research-driven investment management, our approach to research is interdisciplinary, encompassing strategy, organisation and management as well as finance, economics and accounting.

Community, faculty and research spotlight

Think at London Business School

Flexibility brings greater opportunity for women in finance

Radmila Delivron explains how perseverance, hard work, and the skills she learnt at LBS have propelled her to career heights.

By Marianne Curphey

Find out more

Fix the financing of supply chains

Nitish Jain and Alex Yang explore how market-led technology-enabled innovations could strengthen supply chain delivery

By Nitish Jain, S. Alex Yang, Christopher Chen

Building my own company is fascinating

Megha Jose gave up a high-powered corporate role to set up an investment firm – winning a £100K grant along the way. Here’s how she did it.

By Mel Bradman

Bankruptcy: Not the end of the story?

LBS’s Julian Franks is questioning a 20-year consensus central to how businesses die or can be reborn

By Julian Franks

Being an openly bisexual woman CEO at Lloyd's of London

Equality pioneer, Dame Inga Beale shares her story and her insights for leaders today

By Rosie Parry

New approaches to systematic investing

Scott Richardson shows how a systematic fixed income investment approach can provide asset owners with attractive diversifying returns

By Scott Richardson, Dan Atkinson

Explore other career options

Our graduates accept job offers across a broad range of sectors. Discover endless opportunities to propel your career to new heights and find out how our Career Centre experts can help you achieve your goals

• Diversified Sectors
• Entrepreneurship

Related Programmes

Finding the right programme for your experience level

Ready to take the next step in your finance career? Take a look at our recommended programmes or explore our full range of Masters degrees to help you determine which could be right for you. Explore our full programme portfolio

Masters in Financial Analysis

Stand out from the competition with the Masters in Financial Analysis (MFA) for new graduates. Developed in consultation with the world’s leading financial organisations, this highly practical programme will equip you with the skills, knowledge and networks essential for a successful career in finance. Study full-time over 12 months in London – the capital of global finance – and learn from the world’s top academics and practitioners.

Masters in Finance Full-time

This full-time, highly specialised programme is designed for ambitious and experienced finance professionals. Strengthen your global view of finance with a programme that can be tailored to suit your career goals. There’s an extensive range of specialist electives to choose from, as well as practitioner courses, industry-focused events and international experiences.

Join the London Business School MBA and be rewarded with a life-changing learning experience and untold career options. Develop an international mindset, build a global network and take yourself to a market eager for your skills and outlook. Leave this transformational programme as a well-rounded global leader ready to thrive and succeed in today’s business environment. Your ability to achieve and act – both independently and as a member of a multicultural team anywhere in the world – is what will make you stand out.

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UCL School of Management

University college london, phd programme in financial economics.

Start date:  September 2024 Duration: 5 years (1 year MRes + 4 years PhD) Fees:  We offer fully-funded scholarships to all admitted students who have applied by the 31 January 2024 (see details below)  Application deadline:  31 January 2024, 17:00 UK time (late applications submited by the 05 April 2024 may still be considered, see details below) Entry:  Applicants must hold a distinction in a master’s degree in Economics or a closely related subject. Applicants must demonstrate a high level of analytical and quantitative skills (such as in mathematics and statistics), evidenced by strong performance in relevant modules taken on previous degree programmes and/or through relevant standardised test performance (such as GRE Quantitative of at least 160). International students, please note that UCL’s English language requirement for this programme is a ‘ Level 2 ’ (IELTS and TOEFL are the preferred test, however others on the UCL recognised test list will be accepted if required) - further details regarding this can be found on the  UCL English Language Requirements  page.

The MRes and PhD in Financial Economics is a joint programme between the UCL Department of Economics and the UCL School of Management.

The MRes programme is the first year of the five-year integrated MRes/PhD programme in Financial Economics. The MRes programme will provide you with training in research methods together with an advanced understanding of financial economics, to enable you to conduct insightful and original PhD level research in financial economics. 

The MRes will firstly provide quantitative training in microeconomics, macroeconomics, econometrics, and finance. These will be taught in the context of cutting-edge research and relevant applications. Secondly, it will provide you with analytic frameworks and transferable skills that will allow you to identify relevant and promising research topics, present ideas in order to obtain feedback, and provide feedback yourself. 

The subsequent years (for students who progress from the MRes to MPhil) will focus on the skills you will need to run research projects to completion and to present completed research projects to various kinds of specialised audiences. Likewise, teaching skills will also be developed.

PhD Structure

• The MRes programme consists of taught modules (Microeconomics, Macroeconomics, Econometrics. Real Analysis and Probability with Economic Application), a hybrid module (Financial Economics) with taught components and research based components, and a research project in the final part of the year. For the MRes project, you work under supervision to design and carry out a substantial piece of original research. This enables you to gain a deep understanding of the entire research process.
• Superior performance is required for automatic progression from MRes to MPhil. In particular, students should achieve an average mark of not less than 60% in the independent, original research components of the programme, and not less than 50% in the taught element.
• Our highly selective and small-sized PhD programme ensures that each student receives personal attention and guidance from our faculty members throughout their doctoral study. The close mentorship process forms the foundations of a successful academic career. At the same time, you will be part of both the School of Management PhD cohort and the Economics PhD cohort, with which you will share most of the taught modules.
• We expect our PhD graduates to have as their goal an academic career as a faculty member in a top business school or Economics department or in the research group of an international institution or a central bank.

Students take a total of 180 credits in the MRes year. This is made up of the MRes Research Project (MSIN0135) and 75 credits of compulsory taught modules. 

All modules in the MRes year are core modules, there are no optional modules. 

• ECON0107 - Macroeconomics, 15 credits  
• ECON0106 - Microeconomics, 15 credits  
• ECON0108 - Econometrics, 15 credits  
• ECON0118 - Real Analysis and Probability with Economic Applications, 15 credits
• MSIN0234 - Topics in Financial Economics, 30 credits  
• MSIN0135 - MRes Financial Economics Research Project, 105 credits  

The programme is delivered through a combination of lectures, seminars, and class discussion. Student performance is assessed through presentations, coursework, projects, and examinations. 

Students will study 4 compulsory taught modules. A typical taught module is taught over two terms (2 x 10 weeks) with 4 hours of contact hours per week (3 hours of lecture + 1 hour of review session). In addition, students spend approximately 6-8 hours a week for each module on assessment and independent study to further develop the skills and knowledge covered in lectures and seminars.  

Students will also undertake a substantial research project, which would usually start in Term 2 and be completed over the Summer. The total number of weekly hours will vary according to the weekly activities being undertaken.

Why choose us

What makes us different:.

Unlike many PhD Programmes in finance, our programme has a full anchor in economics and econometrics. Hence, we offer a unique world-class environment that combines the best of a leading business school, located in Canary Wharf, the heart of London’s modern financial district, and the tradition of economic research and teaching of the Department of Economics, which is located in Bloomsbury, London’s historical intellectual centre.

If you want to become an academic economist conducting research in finance, this programme is for you.  

UCL School of Management and the Department of Economics  

Founded in 2007, UCL School of Management has forged a reputation for world-leading research in management studies with 95% of the School’s research deemed to be world-leading or internationally excellent, the second highest percentage of any business school in the UK, according to the 2021 REF . The PhD programme is an integral part of our School’s active and ambitious research environment where students receive rigorous academic training and personalised research mentorship. 

The UCL Department of Economics has an outstanding international reputation in key areas of current research. The Department ranked top in the UK for research environment and outputs in the field of Economics and Econometrics in the 2021 REF . 

Our research programme offers a unique education and research experience with the intent of preparing you for scholarly careers at the highest level. Our highly selective and small-sized programme ensures that you receive personal attention and an opportunity for guidance from our world-leading scholars. The close mentorship process forms the foundations of a successful academic career. 

As a research student you will join a highly active research environment which involves frequent research seminars and visits by leading scholars worldwide, reading groups, brown bag seminars and panels in which PhD students and faculty members present and discuss their ongoing work. Such forums provide an excellent opportunity to receive critical constructive feedback on your research and to develop academic, generic and transferable skills.

Applications

Applying for our mres/phd programme.

Entry requirements and admissions criteria:

Applicants to the MRes+PhD programme must hold a distinction in a master’s degree in Economics or a closely related subject. Applicants must demonstrate a high level of analytical and quantitative skills (such as in mathematics and statistics), evidenced by strong performance in relevant modules taken on previous degree programmes and/or through relevant standardised test performance (such as GRE Quantitative of at least 160). Submitting a GRE test result is encouraged but not compulsory and is only one of the components used to assess the strength of applications. 

We only have a single intake in September. We accept applications throughout the year. Successful candidates who have submitted their MRes application by 31 January 2024 will receive a scholarship (full fee waiver plus a stipend). Successful candidates who have submitted their application after this date may receive a scholarship subject to availability, or will come with their own funding.

In your personal statement you are expected to suggest one or more faculty members as potential supervisors. On the application form you may see that it states that it is preferred that you contact potential supervisors beforehand. However, we strongly discourage applicants from contacting individual faculty members or potential supervisors when applying to our programme. All applications are first evaluated by a joint admissions committee, so contacting potential supervisors separately will not increase your chances.

We also require you to submit IELTS or TOEFL scores if English is not your first language. Our School requires a “Level 2” English language qualification which corresponds to:

IELTS: Overall grade of 7.0 with a minimum of 6.5 in each of the sub-tests.

TOEFL: Score of 96 overall, plus 24/30 in the reading and writing subtests and 22/30 in the listening and speaking subtests. 

Application Deadline

The application window closes 31 January 2024 (17:00 UK time) and a late submission window closes on 05 April 2024 (17:00 UK time). We advise those interested in the programme to apply before 31 January 2024, as those applying in the late submission window will only be considered if there are still places remaining.

Application Procedure

Apply via UCL Postgraduate Admissions System here . When starting the application, you must select the MRes Financial Economics option. In addition to filling out the online application form, please upload a copy of the following documents:

• Official Transcripts of Grades / Course marks
• A 1 page personal statement that clearly indicates: (i) your research interests and preliminary research ideas, (ii) potential faculty member(s) you may want to work with (this is a suggested list, you don’t need to contact potential supervisors beforehand), and (iii) your motivation to do a PhD.
• Your  GRE  score report, if you took the test.
• Your IELTS/TOEFL score report, if English is not your first language.

Funding/Scholarships

We offer fully funded five year scholarships to all admitted students who apply before the 31 January 2024. The scholarship is open to all nationalities. It covers all tuition fees, and includes an annual stipend of £25,000 which is tax-free. 

Successful candidates who have submitted their application after 31 January 2024 may receive a scholarship subject to availability or will come with their own funding.

Additional Costs

This programme does not have any compulsory additional costs outside of purchasing books or stationery, printing, thesis binding or photocopying.  Students may have the opportunity to participate in conferences in the UK and internationally. The UCL School of Management provides MRes/PhD students with an annual budget for conferences, which students will use to cover the travel, accommodation, food and other costs whilst at conferences, in line with UCL’s expenses policy. 

Further Information and Contact Details

The full-time MRes/PhD programme runs from September each academic year. Entrance is therefore every September. While we may accept applications until 05 April 2024 we encourage candidates to apply as early as possible. Our programme is very selective and we only admit a limited number of students, so applying before 31 January 2024 increases your chances.

How to Apply

For queries about the MRes/PhD Programme that are not addressed on our web pages, please contact [email protected] .

Video Library

Frequently Asked Questions about the UCL School of Management MRes/PhD Programme

Programme Information

Application process, admissions requirements.

Students are required to possess a “Level 2” English language qualification if it is not their first language. This means: TOEFL: Score of 96, plus 24/30 in the reading and writing, and 22/30 in the listening and speaking subtests. IELTS: Overall grade of 7.0 with a minimum of 6.5 in each of the subtests.

Further Information

If you have any other questions regarding the programme that are not addressed on our web pages please email the programme team ( [email protected] )

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PhD Admission Guide

This application guide provides information on the key stages in making an application to study for a PhD at King’s Business School and on the admission and funding deadlines. Please read this information carefully as failure to meet the requirements outlined below may jeopardise your application. 

Application and funding deadlines

• How to apply: A step-by-step guide
• After you Apply

Receiving an offer

* Be sure to speak with a supervisor before submitting your application.

For entry to the King’s Business School PhD Programme for October 2024/25, the following application and funding deadlines apply:

1. Check that you meet our entry requirements

Academic standards.

You should hold, or be completing, a Master's degree with a Merit or higher (or overseas equivalent) and  have achieved a 2:1 Bachelor's degree (or overseas equivalent) in a relevant subject.

International applicants can check the equivalence of their degrees . If you can't find your country or qualification in the list or would like to check the status of your institution with us, please contact the Admissions Office for further advice.

King’s does not require standardised tests such as the GRE or GMAT, but some supervisors may request these scores for information.

English language requirements

If you are a native English speaker or have been awarded a degree within the last five years from one of the countries listed here , you may not be required to take an English language test. English language competency is assessed on a case-by-case basis.

If your first language is not English you must be able to provide recent evidence that your spoken and written command of the English language is adequate for the programmes for which you have applied. Check our English language requirements here (Band B) . You can use our pre-sessional English calculator to check if your language scores meet our requirements.

Please note, we cannot review individual eligibility before you apply and are only able to consider complete applications which include all supporting documents.

2. Contact potential supervisor(s)

Support from a supervisor with the right expertise for your project is essential to success in your doctoral studies. For your application to be considered you must identify a lead supervisor who shares an interest in your proposed area of research.

You sould contact potential supervisors to discuss your research proposal before applying. If they are interested, they will invite you for an interview. 

You will work closely with your lead supervisor for several years, so it is essential to ensure that you have similar research interests and aims for the project. Before approaching a potential supervisor, read some of their publications on their Research Profiles to see if they undertake work in an area relevant to you. This will help you to decide whether they are the right fit for you and your project. When approaching a potential supervisor, it is important to show an appreciation of their research expertise and interests.

Details of research undertaken within the School can be found by exploring our departments and academic staff pages. All of our faculty members are research active and the majority of them are available to supervise doctoral students.

When you have identified a supervisor you would like to work with, please email them, and include the following information in your message:

• A short message explaining your background, research interests and why you are interested in undertaking a PhD
• An explanation of why you think they are the right supervisor for your project, demonstrating your familiarity with their research work
• A copy of your CV
• An early draft of your research proposal (usually about one page). Have a look at Section 3 for details on what to include in your proposal

If you do not send this information you may not get a response to your email, as without these details it will not be possible for a supervisor to assess whether they will be able to supervise your project.

It is fine to send queries to more than one supervisor, but please do not send blanket email requests to more than four academics at a time. These are unlikely to receive a response.

If you do not receive a response from your preferred supervisor after a week, then feel free to send them a reminder. If you still do not receive a response, you can still submit your application and include the name your preferred supervisor in your application. Your application may be considered.

If a supervisor is interested they will invite you for an interview and all applications are reviewed at School level. Please note that a supervisor’s agreement to supervise you does not guarantee entry to the programme. You must submit an online application with all of the required documents before the School is able to make a full assessment of your suitability.

3. Develop your proposal

A PhD proposal is an outline of your proposed project. It is arguably the most important part of your PhD application. The admissions committee will be assessing your expertise in your chosen research area, your knowledge of the literature, the quality and originality of your ideas, whether your project is a good fit with your proposed supervisor and the research strengths of the School, and the feasibility of your project.

The proposal should be approximately 1,500 words in length plus references, and should be structured using the following headings:

• Introduction: To set up a clear research problem/question and its wider significance
• Background: To provide a short literature review that analyses the state-of-the-art in the field and explains how the project will add to and/or challenge existing literature
• Objectives: To state the main objectives of the project
• Methods: To explain the methods you plan to use, including sources of, or means of collecting, data
• Implications: To highlight the anticipated academic and applied contributions of the project

You are advised to contact prospective supervisors before finalising your proposal in case they have any advice about how to refine it and so you can ensure your research fits well with the expertise of your supervisor.

It is understood that your project will evolve during the course of your PhD, so the proposal is necessarily speculative. We do not expect you to be able to answer your research question(s) at the application stage. Likewise, some of the methods you may want to use will work, and some of them may not. Nonetheless it is important to try and be as specific as you can about the project’s objectives, methods and anticipated outcomes.

4. Write your Personal Statement

We ask that you also write a short supporting statement (c. 500 words) explaining:

• Your motivation for applying for a PhD
• Why you are well suited to undertaking a PhD (appropriate expertise, personal skills, etc.)
• What you are hoping to do after you complete your PhD
• Why you have selected your preferred supervisor(s)
• Why King’s Business School is the best place for you to undertake your project

5. Apply online

Submit your application via King’s Apply , our online application portal. Select either Management Studies Research MPhil/PhD (Full Time) or Management Studies Research MPhil/PhD (Part Time) depending on your preferred mode of study. Please note that only applicants for Full Time study are eligible for a King’s Business School studentship.

Your application requires the following:

• Research proposal of 1,500 words, to be uploaded on the portal
• The name of your preferred supervisor
• Personal statement of 500 words, to be pasted in the ‘Supporting Statement’ box
• One academic reference which is recent and valid. You can invite your referee to upload their reference directly or you can upload copies of the reference letter to the online application form
• A sample of your previous written work (typically, your Master’s dissertation)
• English language test certificate, unless you meet the criteria for an exemption.Valid degree transcripts for both undergraduate and master’s degrees, which include marksheets showing all modules taken and marks received. If your transcripts are not in English, please provide an official translation
• Details on how you will fund your studies. If you are applying for a King’s College London studentship you must enter the scholarship code details in the online form

6. Apply for funding

Most PhD students require funding to support their studies. To increase your chances of securing funding, we strongly encourage you to apply to all studentship competitions for which you are eligible.

A variety of competitions are open to students accepted to the King’s Business School PhD Programme and a comprehensive database of studentships is available through the Centre for Doctoral Studies . Some of the key competitions include:

King’s Business School Studentships

Open to all full-time applicants to the PhD Programme, regardless of fee status, King’s Business School studentships pay fees in full and an annual stipend. Applicants to the King’s Business School studentships are expected to also apply to any other King’s studentships for which they are eligible. The competition opens in early October each year.

Please let your supervisor know if you are interested in applying to the King's Business School Studentships and ensure you submit your online application via King’s Apply by 15 December 2023 at 17.00 (5pm) .

Please contact The PhD Team at [email protected] if you have any questions.

London Interdisciplinary Social Science Doctoral Training Partnership (LISS-DTP) Studentships

These studentships, funded by the Economic and Social Sciences Research Council, are available to Home and International students (including EU students). The deadline is TBC, but usually late January 2024.

King’s China Council Scholarships

Open to citizens and permanent residents of the People’s Republic of China, these scholarships provide international fees, an annual living allowance and visa application fees. To apply mention the relevant scholarship code when you submit your online application to King’s Apply, and fill out the CSC application form (available online). The deadline is usually in early January.

After you apply

Use King’s Apply you can track the status of your application, view your offer details and upload supporting documents such as English language test results.

The application process can take four to eight weeks depending on the time of year. Please note that an incomplete application will delay the decision-making process.

If you have any queries about your application, you can contact Admissions directly through your King’s Apply Account using the messaging service (admissions does not communicate through email about applications)

All shortlisted applications are reviewed at School level and if your application is successful, you will either receive an unconditional or conditional offer at the end of March 2024 for Round 1 and end of June for Round 2. A conditional offer will outline certain requirements which you must fulfil before you can be admitted to the programme.

If you decide to accept the offer, you will need make the offer ‘firm’ on your King’s Apply Account. You can still do this if your offer is conditional and when all conditions are met the status of your application will change to unconditional.

You will start to receive specific programme Information from the Research Officer in the summer before the programme starts in October.

Do you have a question?

If you have a query which is not answered on this page, or to find out more about supervisors currently taking on PhD students, please contact [email protected] . 

Choose start date: Start date: September 2024 Duration: Five to six years Deadline: Applications are now closed Fee: Fully funded Location: London, UK

Conduct research to develop a more robust financial system

Within the Department of Finance, our world-class researchers engage with and disseminate research to practitioners, policy-makers and academic colleagues to develop a more robust financial system.  

The research interests of faculty span four core themes – Innovation and Asset Pricing, Corporate Finance, Finance and Risk Management, and Financial Analysis. They hold expertise within derivative pricing and hedging, quantitative risk management and asset allocation, financial econometrics, stochastic volatility modelling, credit risk modelling, catastrophe risk analysis, M&A and private equity. 

You may also be co-supervised by faculty in other departments in the School, depending on your research interests. 

Research centres and partnerships

The Business School is home to several research centres and institutes, offering a diverse range of activities that bring together academics and specialists

The Brevan Howard Centre for Financial Analysis

Where Imperial College London finance faculty collaborate with external academics and industry professionals to develop cutting-edge research, influencing global industry practice and public policy.  

Grantham Institute for Climate Change

Focussing on research relating to a sustainable, resilient, zero-carbon future. 

Financial Technology

Acting as a hub for the interdisciplinary research that is needed to develop innovations, reveal insights and answer questions; bringing together the activities of academics, startup companies, established industry and governmental organisations. 

Climate Finance and Investment

Works to unlock solutions within capital markets to address the challenges posed by global climate change. 

Teaching experience

PhD students on the Graduate Teaching Assistant (GTA) scholarship will undertake 150 hours of teaching assistant duties from year three of the programme. There will be opportunities for PhD students to engage in teaching activities within the Business School’s Finance Masters’. 

Doctoral Theses in Finance

Meet your faculty.

Our PhD programme fosters close collaboration between leading Finance faculty and doctoral students, developing their research interests and providing continuous support and guidance throughout the programme.  

Franklin Allen

Patrick Bolton

Ramana Nanda

Lara Cathcart

Enrico Biffis

Christopher Hansman

Clara Martinez-Toledano

Explore more, doctoral programme.

Study your doctoral programme at a global top 10 university offering world-class faculty, leadership coaching, global business experience, industry connections, specialist careers support and an exciting London location. 

Request a brochure

Downloading a brochure is a great way to find out more about our programmes and discover which is right for you. 

Stay up to date

Keep up to date about news, events, and application deadlines for the Doctoral programme by joining our mailing list. 

Partner Sites

Inspiring and informing your business school journey

The 10 best schools for finance in the world.

Stanford Graduate School of Business is among the best schools for finance worldwide ©Stanford GSB / iStock

What are the best schools for finance across the globe? Find out the top destinations to study finance including the likes of Oxford Saïd and Harvard

By  Fay Nyberg

Fri May 10 2024

For those seeking the competitive advantage of attending a business school that’s highly-acclaimed for finance education, the annual QS MBA by Career Specialization Rankings places nine out of the top 10 best finance schools in the world in the US.

Read on to find out which business schools rank at the top of this year's list, and explore some of the unique characteristics that make the top business schools for finance stand out.

The 10  Best Schools For Finance

10. university of michigan ross school of business.

The University of Michigan’s Ross School of Business is a top 10 ranking b-school when it comes to finance. With a fast-track finance MBA program, the accelerated course prepares ambitious students for summer internship positions at the end of the first year. 

The curriculum includes valuation, corporate financial policy, and financial modeling. There’s also a student-run MBA Investment Banking Club to support applications for internships and help Michigan Ross financiers’ careers progress. Ross MBA graduates are hired by the likes of Goldman Sachs, Barclays and BlackRock. 

9. Cornell University Johnson Graduate School of Management

The Johnson School is part of the University of Cornell, one of the largest universities in the US Ivy League. It ranks among the 10 best finance schools at number nine in this year's list. 

The two-year MBA course incorporates a summer internship and students can focus on finance by choosing a semester-long corporate finance immersion, which includes a mix of theory and practice.

Leading S&P 500 companies across a wide range of industries including finance hire Johnson’s MBA students for internships, including the likes of American Express and Bank of America.

Check out the  Cornell Johnson MBA Class Profile

8. Northwestern University Kellogg School of Management

The Kellogg School of Management at Northwestern University offers a full-time MBA with a finance major. All MBA students begin their studies by looking at the basic tools and skills needed for a finance career. 

They can then hone their finance skills further by selecting electives such as value investing, or experiential learning courses with simulation elements such as impact investing and sustainable finance.

Faculty members here serve as editors of leading professional publications. Some like Professor Dean Karlan are founders of nonprofits dedicated to finding and promoting solutions to global poverty issues.

Check out the  Northwestern Kellogg MBA Class Profile

7. University of Oxford Saïd Business School

If you’re looking to study a top finance MBA outside of the US, the University of Oxford’s Saïd Business School is a top 10 ranking school that's based in England. The MBA curriculum includes core courses examining the foundations of business, plus elective options like corporate valuation and financial management for banks and insurers. 

MBA students at Oxford Saïd can apply to the MBA Finance Lab for the opportunity to work through case studies. The school also offers a DPhil in Finance and MSc in Financial Economics, with an option to combine a master’s degree with a one-year MBA. 

Find out how to successfully  apply to the Oxford Saïd MBA

6. University of Chicago Booth School of Business

Just missing out on the top five in this ranking of the best finance schools, the University of Chicago Booth School of Business offers both an MBA in Analytic Finance and a  Master in Finance Program. Following up on the MBA with a concentration in finance means you select four finance-focused courses from options such as portfolio management and financial markets and institutions.

Esteemed faculty members here include Nobel Prize winners like Professor Eugene F. Fama , who is widely considered the ‘father of modern finance' and fellow Nobel Laureate,  Professor Lars Hansen . 

Find out how to successfully  apply to the Chicago Booth MBA

5. NYU Stern School of Business

The NYU Stern School of Business is number 5 in the QS MBA’s rankings of the best finance schools for 2023. The school takes a ‘flexible first’ approach to its MBA program, which is highly customizable. 

MBA students following the finance curriculum can select up to three specializations in related fields like financial systems and analytics, accounting, or supply chain management. There are also opportunities for real-world learning through participation in programs like the Michael Price Student Investment Fund, which offers hands-on asset management experience. 

Read the  NYU Stern MBA  Jobs & Salary Review

4. Columbia Business School

New York’s Columbia Business School has the lure of being located in the city that’s the center of global financial markets. Beyond the nearby bustle of Wall Street, this Ivy League school has more guest lectures and speaker visits to its campus than any other top business school. 

The MBA’s core finance elements focus on the foundational topics of value, financial accounting, and corporate finance. There are over 300 electives to choose from, with recommended courses to follow for a finance career path. The school also offers an MS in Financial Economics and a Finance PhD.  

Read the  Columbia MBA  Jobs & Salary Review

3. Stanford Graduate School of Business

Studying a finance MBA can give you a broad range of opportunities both within finance and beyond. For those who aspire to work with the biggest names in tech, Stanford's Graduate School of Business campus is located in the heart of Silicon Valley in California.

The first-year MBA curriculum includes the foundations of finance, financial accounting, and microeconomics. Those following a finance pathway can select year two electives including economics of the private equity industry, money and banking, and angel and venture capital financing for entrepreneurs and investors. 

Check out the  Stanford GSB MBA Class Profile

2. Harvard Business School 

Boston-based Harvard Business School has a dedicated finance MBA curriculum and boasts a busy calendar of seminars delivered by top global names in finance.

The MBA program’s core modules in finance develop student’s ability to make financial and managerial decisions. Year two electives include investment management and field courses such as value creation in small and medium firms.

Among the key factors that make this Ivy League school standout are its award-winning faculty members. For example, professor Lauren J.Cohen was invited to brief US congress on policy matters and delivered a keynote address at the launch of Nigeria’s Central Bank digital currency.

Dive into the  Harvard MBA Notable Alumni

1. The Wharton School of the University of Pennsylvania

Wharton is the leading school for an MBA for finance in the QS list, coming out on top against the other best finance schools in the US.

The b-school has been a leading name in finance education and research for over 120 years. Global names in finance hire Wharton MBA students as staff and interns, including the Bank of America, Barclays, and Goldman Sachs & Company.

The Wharton MBA curriculum includes core modules such as corporate finance and macroeconomics, and the global economic environment. 

The wide variety of electives means you can customize the program to support a financial career pathway. Examples of options include international financial markets and cryptocurrencies or data science for finance. 

Read the  Wharton  MBA  Jobs & Salary Review

• Best Business Schools

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Stockholm Business School

Doctoral programme in finance.

Are you curious about how financial markets operate, how corporations make financial decisions, or how to manage risks in a portfolio? Are you interested in how financial markets can be made sustainable, or how societies can promote financial stability? Then you should consider the PhD in Finance.

What we offer:

• a world-class course program;
• a fully funded doctoral studentship with a competitive salary;
• a brand new campus close to the city centre as well as nature and recreation.

As a doctoral student you will undergo rigorous training in theory, method and analysis – through individual supervision, coursework, seminars and workshops. No doubt, you will also benefit from being part of an academic community where scholarly dialogue continues outside of the seminar room. Doctoral students are expected to complete their PhD in four years, with possible extension up to five years.

Research environment and research topic

SBS Finance is a highly international group of about twenty faculty members, post-docs, PhD students, and teaching assistants. The group hosts a weekly seminar series, where external as well as internal speakers present their academic research. There are also ad hoc academic events in the form of workshops and conferences.

Research topic

Financial economists study how scarce resources are allocated over time. Financial decisions differ from other allocation decisions in that their costs and revenues are spread over time and not known in advance. To implement their decisions, individuals, companies or other agents use the financial system. The system includes markets for stocks, bonds and other financial instruments, as well as financial intermediaries (such as banks and insurance companies), financial service companies (such as financial advisers) and the bodies that oversee and regulate the financial markets and institutions. The programme is open for thesis proposals on any topic related to Finance.

Current research that our faculty members work on are presented under Research projects in Finance.

Students interested in monetary policy and financial stability can choose to do a specialization in "Money and Finance". The specialization is provided by the Centre for Monetary Policy and Financial Stability (CeMoF), which is a joint venture between the Department of Economics, the Institute for International Economic Studies, and Stockholm Business School.

Read more about Centre for Monetary Policy and Financial Stability (CeMoF)

Programme structure, coursework and thesis

The doctoral programme in Finance comprises 240 higher education credits, or four years of full-time study. This consists of courses worth 105 credits and a dissertation worth 135 credits. The two parts can be followed simultaneously, but most of the course work is typically done during the first half of the study period. Many doctoral students also choose to teach during their studies, thereby extending their funding to up to five years.

The coursework includes mandatory courses in quantitative methods (15 credits) and finance (30 credits), as well as elective courses in fields closely related to finance (60 credits).

As a doctoral student in finance you can follow the course program offered by Stockholm Doctoral Program in Economics, Econometrics, and Finance (SDPE), which is a collaboration between Stockholm university and Stockholm School of Economics. Prior to the first semester, you are encouraged to participate in a Computational Bootcamp.

Read more about the course program offered by Stockholm Doctoral Program in Economics, Econometrics, and Finance (SDPE)

Read more about the Computational Bootcamp

For the electives, doctoral students in finance often take courses offered at the Swedish House of Finance and at partner universities in the Nordic Finance Network. Students choosing the "Money and Finance" specialization are required to take a course in Monetary Economics at Stockholm university.

Read more about courses offered at the Swedish House of Finance

Read more about courses at partner universities in the Nordic Finance Network

Read more about the course in Monetary Economics

The thesis is developed under the guidance of the supervisors. As a doctoral student at SBS you are assigned one or more supervisors from day one. As you progress with the thesis work you also get feedback at three “milestone seminars”: the thesis proposal seminar, the midway seminar, and the final script seminar. In addition, you are encouraged to present your work at conferences in Sweden and abroad. You are allocated a research budget to cover conference expenses.

At the end of the program, the thesis is assessed at the public dissertation defence. Doctoral theses in finance typically consist of three or more academic articles, of which at least one is solo-authored.

Employment / funding

When you are admitted to the PhD program, you typically also become employed by Stockholm university. The position takes the form of a temporary employment for a maximum of four years of full-time study, conditional on that the studies proceed according to plan. There is no tuition fee and you are paid a monthly salary . The entry level salary currently amounts to SEK 29 700 per month before taxes, increasing up to SEK 34 000 during the course of the program. The program requires you to be based in Sweden, with the main workplace being Stockholm Business School.

Each doctoral student is offered a research budget to cover expenses for courses, conferences, fieldwork, databases, and software. All employees at Stockholm university are also entitled to an annual sum of SEK 3 000 to cover expenses related to health and fitness activities.

Department duty

Many students also choose to teach during their PhD studies, but this is optional. You may take on departmental duty of up to 20% of full time each year, thereby extending your funding for the doctoral programme up to five years. In addition to teaching, the departmental duty may include research assistance and administrative tasks, such as assisting in the organization of academic events.

Application and admission

Eligibility.

Candidates for the doctoral programme in Finance at SBS must fulfil at least one of the following criteria:

• Completed an advanced level degree (master’s degree).
• Completed courses equivalent to at least 240 credits, of which at least 60 credits must be at master’s level.
• Acquired equivalent knowledge in another way, in Sweden or elsewhere.

In addition, the applicant must have successfully completed at least 90 credits in Finance, or equivalent, including a thesis comprising at least 15 credits. Admission to PhD positions is limited and competition for positions is usually tough.

Application

The general period of opening for PhD positions is in the month of January.

Apply for PhD position here, closing date Feb 1st 2024.

Selection criteria

Selection of applicants is made with respect to their ability to benefit from studies at doctoral level. This is assessed on basis of:

• performance in previous higher education studies
• performance in independent written reports and theses
• performance in standardized general knowledge examinations
• letters of recommendation

Short-listed candidates are called to an interview.

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Private student loan interest rates fall for 5-year loans

The latest private student loan interest rates from the Credible marketplace, updated weekly. ( iStock )

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Private student loan rates (graduate and undergraduate)

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Elektrostal

City in moscow oblast, russia / from wikipedia, the free encyclopedia, dear wikiwand ai, let's keep it short by simply answering these key questions:.

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Geographic coordinates of Elektrostal, Moscow Oblast, Russia

City coordinates

Coordinates of Elektrostal in decimal degrees

Coordinates of elektrostal in degrees and decimal minutes, utm coordinates of elektrostal, geographic coordinate systems.

WGS 84 coordinate reference system is the latest revision of the World Geodetic System, which is used in mapping and navigation, including GPS satellite navigation system (the Global Positioning System).

Geographic coordinates (latitude and longitude) define a position on the Earth’s surface. Coordinates are angular units. The canonical form of latitude and longitude representation uses degrees (°), minutes (′), and seconds (″). GPS systems widely use coordinates in degrees and decimal minutes, or in decimal degrees.

Latitude varies from −90° to 90°. The latitude of the Equator is 0°; the latitude of the South Pole is −90°; the latitude of the North Pole is 90°. Positive latitude values correspond to the geographic locations north of the Equator (abbrev. N). Negative latitude values correspond to the geographic locations south of the Equator (abbrev. S).

Longitude is counted from the prime meridian ( IERS Reference Meridian for WGS 84) and varies from −180° to 180°. Positive longitude values correspond to the geographic locations east of the prime meridian (abbrev. E). Negative longitude values correspond to the geographic locations west of the prime meridian (abbrev. W).

UTM or Universal Transverse Mercator coordinate system divides the Earth’s surface into 60 longitudinal zones. The coordinates of a location within each zone are defined as a planar coordinate pair related to the intersection of the equator and the zone’s central meridian, and measured in meters.

Elevation above sea level is a measure of a geographic location’s height. We are using the global digital elevation model GTOPO30 .

Elektrostal , Moscow Oblast, Russia

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Elektrostal

Elektrostal Localisation : Country Russia , Oblast Moscow Oblast . Available Information : Geographical coordinates , Population, Area, Altitude, Weather and Hotel . Nearby cities and villages : Noginsk , Pavlovsky Posad and Staraya Kupavna .

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