phd in finance cambridge

Smart. Open. Grounded. Inventive. Read our Ideas Made to Matter.

Which program is right for you?

Through intellectual rigor and experiential learning, this full-time, two-year MBA program develops leaders who make a difference in the world.

A rigorous, hands-on program that prepares adaptive problem solvers for premier finance careers.

A 12-month program focused on applying the tools of modern data science, optimization and machine learning to solve real-world business problems.

Earn your MBA and SM in engineering with this transformative two-year program.

Combine an international MBA with a deep dive into management science. A special opportunity for partner and affiliate schools only.

A doctoral program that produces outstanding scholars who are leading in their fields of research.

Bring a business perspective to your technical and quantitative expertise with a bachelor’s degree in management, business analytics, or finance.

A joint program for mid-career professionals that integrates engineering and systems thinking. Earn your master’s degree in engineering and management.

An interdisciplinary program that combines engineering, management, and design, leading to a master’s degree in engineering and management.

Executive Programs

A full-time MBA program for mid-career leaders eager to dedicate one year of discovery for a lifetime of impact.

This 20-month MBA program equips experienced executives to enhance their impact on their organizations and the world.

Non-degree programs for senior executives and high-potential managers.

A non-degree, customizable program for mid-career professionals.

PhD Program in Finance

2023-24 curriculum outline.

The MIT Sloan Finance Group offers a doctoral program specialization in Finance for students interested in research careers in academic finance. The requirements of the program may be loosely divided into five categories: coursework, the Finance Seminar, the general examination, the research paper, and the dissertation. Attendance at the weekly Finance Seminar is mandatory in the second year and beyond and is encouraged in the first year.  During the first two years, students are engaged primarily in coursework, taking both required and elective courses in preparation for their general examination at the end of the second year.  Students are required to complete a research paper by the end of their fifth semester, present it in front of the faculty committee and receive a passing grade.  After that, students are required to find a formal thesis advisor and form a thesis committee by the end of their eighth semester. The Thesis Committee should consist of at least one tenured faculty from the MIT Sloan Finance Group.

Required Courses

The following set of required courses is designed to furnish each student with a sound and well-rounded understanding of the theoretical and empirical foundations of finance, as well as the tools necessary to make original contributions in each of these areas. Finance PhD courses (15.470, 15.471, 15.472, 15.473, 15.474) in which the student does not receive a grade of B or higher must be retaken.

First Year - Summer

Math Camp begins on the second Monday in August. 

First Year - Fall Semester

14.121/14.122 Micro Theory I/II

14.451/14.452 Macro Theory I/II ( strongly recommended)

14.380/14.381 — Statistics/Applied Econometrics

15.470 — Asset Pricing

First Year - Spring Semester

14.123/14.124 Micro Theory III/IV

14.453/14.454 Macro Theory III/IV (strongly recommended)

14.382 – Econometrics

15.471 – Corporate Finance

Second Year - Fall Semester

15.472 — Advanced Asset Pricing

  14.384 — Time-Series Analysis or  14.385 — Nonlinear Econometric Analysis  (Enrolled students receive a one-semester waiver from attending the Finance Seminar due to a scheduling conflict)

15.475 — Current Research in Financial Economics

Second Year - Spring Semester

15.473 — Advanced Corporate Finance

 15.474 — Current Topics in Finance (strongly encouraged to take multiple times)

15.475 — Current Research in Financial Economics

Recommended Elective Courses

Beyond these required courses, students are expected to enroll in elective courses determined by their primary area of interest. There are two informal “tracks” in Financial Economics: Corporate Finance and Asset Pricing. Recommended electives are designed to deepen the student's grasp of material that will be central to the writing of his/her dissertation. Students also have the opportunity to take courses at Harvard University. There is no formal requirement to select one track or another, and students are free to take any of the electives.

DPhil Finance

Start date:

• 7 October 2024

Time commitment:

About the programme

Our doctoral training will immerse you in all aspects of academic life.

You will be both a student and a junior research colleague. We provide courses in a wide variety of research methods and you will work closely with your supervisors to define your research question and develop your thesis. You will also have opportunities to gain teaching and research assistant experience and become involved with the intellectual community within both Saïd Business School and the wider University. You will attend academic conferences, make presentations, organise lectures and seminars and contribute to management and academic decisions. Both of our doctoral programmes run in parallel, with only differences in taught courses and preparation for writing in relevant journals to your subject of choice. We have deliberately kept the programmes small which means that in the vast majority of cases, students are fully funded to allow them to devote their energies to research. The DPhil corresponds to a PhD degree offered at most other universities. Examples of previous research topics include asset-pricing and corporate finance, the design and regulation of securities markets, corporate financial policy, and the impact of financial markets on real economic activity.

Supervision

You will be assigned two initial supervisors who will guide you through your first year.

They will help you to identify your specialist area of interest and further suitable advisers in that field. You will work closely with them to define your research question and develop your thesis. It is an important relationship and also a very personal one: it is shaped by you, your supervisors and the ways you interact. You will have a minimum of nine meetings, or equivalent per year with your supervisor.

You do not need to contact any faculty in advance of making your application but you can review the  profiles of our faculty  to look for at the areas of research covered at the School. You can note within your application if you feel that you are interested in a particular research area and working with a specific faculty member. 

The allocation of a supervisor is the responsibility of Saïd Business School, it is not always possible to accommodate the preferences of incoming graduate students to work with a particular member of staff. Under exceptional circumstances a supervisor may be found outside the School.

Review some current research taking place around the school as well as from some of our alumni.

Review articles and podcasts written by our researchers at  Oxford Answers . 

Learn more about  becoming a researcher  from Andromachi Athanasopoulou, who graduated in 2007 and is now an Associate Professor in Organisational Behaviour at Queen Mary University London and an Associate Fellow at Oxford Saïd.

View Professor Renée Adams' discussion on  Women on boards: The superheroes of tomorrow?  

View Dr Amir Amel-Zadeh discussion on  (Mis-)information in financial markets .

Assessment and programme milestones

Our DPhil offers students the opportunity to engage with internationally renowned faculty who are here to help you become an academic scholar.

You will be initially admitted to the status of Probationer Research Student (PRS). During your first year, you will be required to attend taught causes where foundational economic and financial theory will be studied. Based on previous years, these may include, but are not limited to courses that cover topics such as:

• Asset pricing
• Corporate finance
• Financial econometrics

During second and third terms, you will select four elective courses offered for the second year of the MPhil in Economics, one of which must be either Financial Economics I or Financial Economics II. Following successful completion of all necessary courses and within a maximum of six terms as a PRS student (and normally by the fourth term) you will be expected to apply for transfer of status from Probationer Research Student to DPhil status. A successful transfer of status is required to give a clear indication of whether it would be reasonable to consider submission within the course of a further three terms, if work on the thesis continues to develop satisfactorily. Students who are successful at transfer will also be expected to apply for and gain confirmation of DPhil status within nine terms of admission, to show that your work continues to be on track. Both milestones normally involve an interview with two assessors (other than your supervisor). This provides important experience for the final oral examination. You will be expected to submit a thesis, which provides a significant and substantial contribution to the field of learning in finance, which should not exceed 100,000 words after four years from the date of admission. It should be good enough to be published in book form or as a series of academic articles. To be successfully awarded a DPhil in Finance you will need to defend your thesis orally (viva voce) in front of two appointed examiners.

Changes to this course and your supervision

We seek to deliver this course in accordance with this description. However, there may be situations in which it is desirable or necessary for the us to make changes in course provision, either before or after registration. The safety of students, staff and visitors is paramount and major changes to delivery or services may have to be made in circumstances of a pandemic, epidemic or local health emergency. Also in certain circumstances, for example due to visa difficulties or because the health needs of students cannot be met, it may be necessary to make adjustments to course requirements for international study.

Where possible your academic supervisor will not change for the duration of your course. However, it may be necessary to assign a new academic supervisor during the course of study or before registration for reasons which might include illness, sabbatical leave, parental leave or change in employment.

For further information please see our pages on changes to courses and the provisions of the student contract regarding changes to courses.

I think the most important issues in the supervisor relationship are communication and trust. You need a supervisor who can tell you the things you need to hear even if you don’t want to hear them, and who can nudge you back on to the right track. Alexander Montag Current DPhil in Finance student

Benefits and opportunities

• Engage with internationally renowned faculty
• Conference and research funding
• Training in principal research methods at both at Saïd Business School and wider University.

Opportunities

• Paid teaching and research assistant opportunities
• Contribute to management and academic programme decisions through student representation on committees
• Postgraduate careers resources

You will become a member of an Oxford college. Your college is both an academic and social community that will enrich your time at Oxford. It offers everything from formal dinners and balls to sports and lecture series.

The Oxford college system enables you to interact with students and faculty from other disciplines. Some colleges provide accommodation for students. 

Who can apply

Our candidates are passionately intellectual people who have a superlative academic record and are committed to a career in academia.

DPhil in Finance

You will require:

• a good undergraduate degree: 2.1 (GPA 3.5 or its equivalent)
• GMAT or GRE test results
• TOEFL or IELTS test results (If you are not from an English speaking majority country)
• three pieces of written work, including a well-developed research proposal
• three academic references

Application process

Applications are now closed for October 2024 entry.

The deadline for applying was 13 December 2023 at 23:59 GMT. 

Complete applications received by the deadline will be considered. You will be informed by late January if you have been shortlisted for interview.

Final decisions will be communicated by the end of February.

There are nine shared places available for the DPhil Finance and DPhil Management. The average number of applications for entry between 2021 and 2023 was 70. 

Fees and funding

The course fee in 2024-25 is £23,580 for both home and overseas students.

The programme is four years in duration. Course fees are payable each year, for the duration of your fee liability (your fee liability is the length of time for which you are required to pay course fees). Please be aware that fees will usually increase annually. For details, please see our guidance on changes to fees and charges .

Course fees cover your teaching as well as other academic services and facilities provided to support your studies. Course fees do not cover your accommodation, residential costs or other living costs. 

Following the period of fee liability , you may also be required to pay a University continuation charge and a college continuation charge. The University and college continuation charges are shown on the Continuation charges page.

Additional cost information

There are no compulsory elements of this course that entail additional costs beyond fees (or, after fee liability ends, continuation charges) and living costs. However, depending on your choice of research topic and the research required to complete it, you may incur additional expenses, such as travel expenses, research expenses, and field trips. You will need to meet these additional costs, although you may be able to apply for small grants from your department and/or college to help you cover some of the expenses.

Scholarships and funding

Doctoral students admitted to our programme receive full funding over four years. This includes course fees and an annual living expenses stipend. To maximise the overall availability of funding for candidates, we will identify suitable alternative scholarships and may ask you to submit funding applications. We also ask that you identify and pursue any other funding opportunities, including external funding.   

For some scholarships you are required to submit a scholarship essay and/or tick the relevant box in the Funding section of the application form.

Cost of living

In addition to your course fees, you will need to ensure that you have adequate funds to support your living costs for the duration of your course. Please view the University's  living expenses page for information about likely living costs for 2024-25.

Further information about fees

The Fees and Funding section of The University of Oxford's website provides further information about course fees , including information about fee status and eligibility  and your length of fee liability .

Alumni placements

• University of Michigan Ross School of Business – Assistant Professor of Finance
• Vanderbilt University – Assistant Professor of Finance
• Ivey Business School - Assistant Professor in Finance
• University of Warwick - Assistant Professor of Entrepreneurship and Innovation
• International Monetary Fund - Economist (Economist Program), Research Department
• Harvard Business School - Post-Doctoral Fellow
• University of Hong Kong - Assistant Professor of Finance
• Vrije Universiteit Amsterdam and Tinbergen Institute - Assistant Professor of Finance
• Federal Reserve Bank of Cleveland – Research Economist
• Indiana University – Assistant Professor of Finance
• City University of Hong Kong - Assistant Professor
• Please contact us if you have any queries.
• [email protected]

• Today's news
• Reviews and deals
• Climate change
• 2024 election
• Fall allergies
• Health news
• Mental health
• Sexual health
• Family health
• So mini ways
• Unapologetically
• Buying guides

Entertainment

• How to Watch
• My watchlist
• Stock market
• Biden economy
• Personal finance
• Stocks: most active
• Stocks: gainers
• Stocks: losers
• Trending tickers
• World indices
• US Treasury bonds
• Top mutual funds
• Highest open interest
• Highest implied volatility
• Currency converter
• Basic materials
• Communication services
• Consumer cyclical
• Consumer defensive
• Financial services
• Industrials
• Real estate
• Mutual funds
• Credit cards
• Balance transfer cards
• Cash back cards
• Rewards cards
• Travel cards
• Online checking
• High-yield savings
• Money market
• Home equity loan
• Personal loans
• Student loans
• Options pit
• Fantasy football
• Pro Pick 'Em
• College Pick 'Em
• Fantasy baseball
• Fantasy hockey
• Fantasy basketball
• Download the app
• Daily fantasy
• Scores and schedules
• GameChannel
• World Baseball Classic
• Premier League
• CONCACAF League
• Champions League
• Motorsports
• Horse racing
• Newsletters

New on Yahoo

• Privacy Dashboard

Cambridge graduation ceremonies forced elsewhere by pro-Palestine camp

Students at the University of Cambridge have been forced to graduate in a less traditional venue because of pro-Palestine disruption.

Activists pitched tents outside Senate House , the grand venue where Cambridge graduations have been held since the 18th century, earlier this week in an attempt to force bosses to meet their demands on the Israel-Gaza war.

It led to Friday and Saturday’s ceremonies being moved by university chiefs to Downing College – which was announced to all students due to graduate but not publicly – with security patrols stepped up.

By Friday morning the protesters had ended their occupation of the lawn at Senate House, claiming that bosses had now agreed to start negotiations with them next week, but the graduations were not moved back in time.

In a statement, the camp organisers Cambridge for Palestine said: “The university has agreed to negotiate and met a number of our preconditions.

“Our goal from the Senate House yard occupation has been accomplished, in a step towards distancing our university from genocide.

“This small victory paves the way for our demands to be met in future negotiations.”

Camp remains standing

The Telegraph understands the university has agreed that students taking part in talks will not be disciplined and that faculty members will be used as observers and mediators rather than third parties.

Cambridge’s main pro-Palestine camp, outside King’s College, remains standing along with others at dozens of universities across Britain, as activists try to copy the occupations that swept US universities last month .

The demands of the main Cambridge camp, which still numbers at least 30 tents on King’s Parade, are similar to those on campuses nationwide.

They are for bosses to disclose financial investments, divest from companies with links to the war in Gaza, reinvest in Palestinian academia and become a “university of sanctuary” for “all forced migrants”.

The university did not answer questions about whether it would cave into the demands, but denied it was a negotiation.

Prof Bhaskar Vira, pro-vice-chancellor for education, said: “We were glad to meet our students as we have been willing to do from the first day of the protest. While we understand some will see it as a negotiation, we see it as a constructive dialogue with our students.”

On Friday, pictures showed lines of students in gowns processing from their individual colleges to the new venue. They were allowed to take photographs of each other in their robes outside Senate House afterwards with security officers patrolling the gates.

‘Alternative arrangements’

In an earlier statement on Tuesday, the university said: “We regret that due to the ongoing presence of protesters on Senate House lawn, we have taken the very difficult decision to make alternative arrangements for the degree congregations this weekend.

“All students who want to graduate this weekend will still be able to attend their degree congregation at an alternative location that is fitting of the occasion.

“We are confident that ceremonies will be a memorable and enjoyable experience for students and their guests.”

Former home secretary Suella Braverman paid a visit to the Cambridge King’s College camp on Thursday, where she was met with a wall of silence when she asked the protesters questions about Israel and the hostages seized by Hamas.

“I’m very concerned about this anti-Semitism on campus. We have a lot of Jewish students feeling very intimidated and harassed on campus,” the MP told the student newspaper Varsity.

Meanwhile, at the University of Oxford, where another pro-Palestinian camp has been erected , a letter from staff and students this week claimed that when when some had raised concerns about anti-Semitism to their heads of programmes, they were “simply advised to leave Oxford”.

Oxford said it was “unequivocal in its position that there is no place for anti-Semitism, Islamophobia, or unlawful discrimination of any kind”.

Demonstrators at the London School of Economics became the latest to occupy part of a campus this week, joining peers in Manchester, Newcastle, Sheffield, Leeds, Warwick and Bristol.

Broaden your horizons with award-winning British journalism. Try The Telegraph free for 3 months with unlimited access to our award-winning website, exclusive app, money-saving offers and more.

Recommended Stories

64 arrested at uc san diego, ole miss launches investigation into racist video: all the updates you need to know about college campus protests.

Columbia canceled its main commencement ceremony, the University of Mississippi launched a student conduct investigation and Princeton students announced a hunger strike.

Expedia says two execs dismissed after ‘violation of company policy’

Expedia says Rathi Murthy and Sreenivas Rachamadugu, respectively its CTO and senior vice president of core services product & engineering, are no longer employed at the travel booking company. In a statement shared with TechCrunch and other publications, Expedia said Murthy and Rachamadugu are “no longer employed at Expedia Group” due to an unspecified “violation of company policy.” Murthy spoke to TechCrunch about the new AI-powered features announced earlier this week, and she reportedly gave a presentation on those features at an Expedia conference with business partners.

Trading stocks all day and all night might be an 'inevitability' for investors

Around-the-clock stock trading is likely the future, executives at several trading platforms say, thanks to increased demand from international markets and a new generation of investors who expect constant online access.

Markets brace for Nvidia earnings: What to know this week

A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.

Price drop! This top-rated tunic is stylish but 'very forgiving' — and it's a steal starting at just $15

Grab this versatile, lightweight Amazon favorite with 18,000+ fans for nearly 40% off.

Score big savings on Hoka hiking boots during REI's Anniversary Sale

If you’re in the market for new hiking boots, now is the perfect time to take advantage of the incredible deals at REI's Anniversary Sale.

Housing experts revise mortgage rate forecasts for remainder of 2024

Experts are revising their forecasts about mortgage rates and home prices for the rest of the year.

Under Armour is collapsing — And Kevin Plank has to take the blame

The Under Armour meltdown continues.

Mortgage rates today, May 19, 2024: Rates inch down but remain high overall

These are today's mortgage rates. Rates are ticking down, but it could be months before we see drastic decreases. Lock in your rate today.

Report: Fanatics files lawsuit against Cardinals rookie WR Marvin Harrison Jr. for breach of contract

Marvin Harrison Jr., Fanatics said, “rejected or ignored every request” from the company while refusing to fulfill obligations of their contract that was signed last May.

Cubs' Shota Imanaga shrinks ERA to 0.84, the lowest mark through first 9 career starts in MLB history

Shota Imanaga already looks like an ace, and the bargain of the offseason.

The 27 best Walmart deals to shop this weekend — save up to 75% on early Memorial Day sales, summer essentials and more

Ready for your pre-summer perusal: A massive patio umbrella for over half off, a 65-inch Hisense smart TV for under $500 and a Keurig hot/iced coffeemaker for nearly $70 off.

Oleksandr Usyk defeats Tyson Fury by split decision to become first undisputed heavyweight champion in 24 years

Boxing hadn't had an undisputed heavyweight king since 2000.

PGA Championship: Logjam atop the leaderboard sets up fantastic Sunday

Collin Morikawa and Xander Schauffele are tied for the lead in the 2024 PGA Championship heading into Sunday's final round.

Preakness Stakes 2024: Seize the Grey wins in Baltimore, ending Mystik Dan's Triple Crown hopes

The Triple Crown is no longer in play.

Indy 500 qualifying: Kyle Larson locks into the field; Rinus Veekay recovers from early crash to get into top 12

Kyle Larson not only qualified for the 1008th running of the Indianapolis 500, he’ll start in one of the first four rows.

The coming Social Security fight could be 1983 all over again

To figure out how Social Security's insolvency debate may play out in the years ahead, it helps to consider what transpired in 1983.

PGA Championship: Shane Lowry ties the lowest score in major history

Ireland's Lowry was simply magnificent on a day when low scores at Valhalla were there to be taken.

Trevor Lawrence hasn't lived up to the hype. The Jaguars still need to pay him big

Ignore the noise whenever this contract comes through. Lawrence has earned it and the Jaguars would be foolish to go in an alternate path.

A breastfeeding ad in Times Square was replaced, enraging women and mothers. Now it's back. Here's what happened.

This Times Square ad for lactation cookies was taken down. Here's what to know.

About Cambridge Judge

• Overview of the Business School
• History and today
• External recognition
• Diversity and inclusion
• Virtual tours
• Jobs at Cambridge Judge
• Giving overview
• Fundraising priorities
• How to give
• Impact and recognition
• Recruiters and organisations overview
• Recruit from Cambridge Judge
• Student consultancy projects
• Develop your talent
• Corporate speaker opportunities
• Special interest groups and societies
• News overview
• Announcements
• Programme news
• Student and alumni news
• Faculty news
• Research centre news
• Fundraising news
• Media coverage
• News room (for journalists)

FT Responsible Business Education Awards: 2 wins for Cambridge Judge

Purpose of Finance course wins top Teaching award and a study on paedophile hunters wins Academic Research award, while Cambridge Judge is Highly Commended for School-wide activities in the Financial Times awards for business education responsibility and impact.

Degree programmes

• Masters degrees overview
• Executive MBA
• Executive Master of Accounting
• Master of Finance (MFin)
• MSt in Entrepreneurship
• MSt in Social Innovation
• MPhil in Management
• MPhil in Technology Policy
• PhD and research masters overview
• PhD pathways
• Business Doctorate
• Master of Research in Management
• MPhil in Finance
• MPhil in Innovation, Strategy and Organisation
• MPhil in Strategy, Marketing and Operations
• Management Studies (Tripos)
• Virtual tours of the Business School

Cambridge life

• Entrepreneurship at Cambridge Judge
• Financial aid
• Admission events

Non-degree programmes

• Entrepreneurship programmes overview
• Accelerate Cambridge
• Enterprise Tuesday
• Venture Creation
• EnterpriseTECH
• EnterpriseWOMEN
• Social Venture Weekend
• First Certificate in Business overview
• For learners
• For organisations
• Executive Education overview
• Online ExecEd programmes
• Open programmes for individuals
• Custom programmes for organisations

Need help funding your degree programme studies at Cambridge Judge?

Explore our scholarship and loan opportunities.

Executive Education

• Open programmes for individuals overview
• Programme finder
• New programmes
• Online programmes
• Managing People
• Managing Organisations
• Environmental, Social and Governance (ESG)
• Strategy and Growth
• Innovation and Technology
• Professional Service Firms
• Custom programmes for organisations overview
• Open programmes for organisations
• Clients and case studies
• Psychometric services
• Professional service firms
• Certificate of Achievement
• B Corp certification
• Digital certificates
• Visa information
• Meet the team

Not sure which programme is for you?

Search our portfolio of over 40 well-crafted programmes that will expand your skills and understanding in service of your organisational, personal development and career objectives.

• Research and teaching staff
• Honorary appointments
• Subject groups overview
• Economics and Policy
• Operations and Technology Management
• Organisational Behaviour
• Organisational Theory and Information Systems
• Strategy and International Business
• Research centre finder
• Alternative Finance
• Behavioural Economics and Policy
• Business Research
• Chinese Management
• Circular Economy
• Digital Innovation
• Endowment Asset Management
• Energy Policy Research Group
• Entrepreneurship
• Experimental & Behavioural Economics Group
• Finance, Technology and Regulation
• Financial Reporting and Accountability
• Health Leadership and Enterprise
• India and Global Business
• International Human Resource Management
• Process Excellence and Innovation
• Psychometrics
• Regulatory Genome Project
• Risk Studies
• Social Innovation
• Wo+Men’s Leadership
• Impact and practitioner engagement overview
• Collaborate with our faculty
• Publications overview
• The Cadbury Archive
• Information and Library Services overview
• Research seminars

Faculty and research

• AI and technology
• Behavioural economics
• Career and personal development
• Entrepreneurship and innovation
• ESG and sustainability
• Equality, diversity and inclusion
• Finance and accounting
• Future of work
• Global strategy and international business
• Governance, economics, and policy
• Leadership and organisational behaviour
• Operations management
• Philanthropy
• Social impact

Exploring the rise of the global B Corp movement

The B Corp movement is helping to shift the focus of capitalism from shareholders to all stakeholders: find out how Cambridge fits in.

Find an expert

We have faculty, who can speak on many current UK and global issues, and are happy to be contacted by journalists.

• All insights
• Alumni council
• Regional Alumni groups
• Alumni Special Interest Groups (ASIGs)
• Alumni toolkit
• Alumni profiles
• Get involved
• CJBS network
• CJBS Connects: Worldwide

Leave your mark in LT1

The iconic Lecture Theatre 1 (LT1) is due for a refurbishment, and with it comes the opportunity for alumni, friends and other supporters of Cambridge Judge Business School to claim their seat in LT1.

• Masters degrees

Master of Finan…

Master of Finance

Engage with the world’s best financial minds and skilled professionals. Open doors to exciting new career possibilities with a Cambridge Master of Finance.

• Curriculum overview
• Core courses
• Fintech, AI and sustainable finance
• City Speaker Series
• Career impact overview
• Employment report
• Class profile overview
• Student and alumni profiles

Student experience

• Fees and funding overview
• Scholarships and loans
• Scholarship recipients

Programme details

September 2024

Gain insight into tomorrow’s finance careers today

Surround yourself with the best financial minds. Your class colleagues will all be finance professionals with an average of 4 years of industry experience.

Our finance faculty have strong links with global experts in the finance sector who work with us to deliver teaching and networking events throughout the year.

The Master of Finance will accelerate your development and prepare you for a range of exciting career paths as an experienced finance professional.  

• Sharpen your financial skills toolkit. 
• Find out more about new innovations in finance. 
• Discover in-demand skills for today’s finance world. 

What a lot of students really like about Cambridge is the fact that it is an old University. It has a lot of old buildings, a lot of tremendous architecture, and great character. But it’s also a very up-to-date high-tech place in the sense that we have one of the biggest technology hubs in Europe here in Cambridge. And that combination of the old and the new I think is what makes this a really interesting place to have a Business School.rnrnCambridge, itself, and you know, the history surrounding everything that is Cambridge– it’s almost surreal. You walk down the streets. Newton was here. Alan Turing was here. That’s not something you can get elsewhere.rnrnI knew Cambridge had a very good reputation. So I was pretty sure it would draw good people here that I would be able to meet. But the breadth, the seniority of people I developed and sort of remain connected to all these years later is fantastic. I couldn’t ask for more.rnrnOur challenge is not to live off the past, but to keep contributing to what makes Cambridge interesting, successful, and famous. Because if we only lived off the past, eventually, we’d just be a museum. And although there are aspects of Cambridge that look a bit like a museum, there is a real modern and lively University that’s still going on and still generating new knowledge and new ideas.rnrnHaving had the chance to reflect on my time, some of the things that I find most valuable are the networking that they stressed in us throughout that year. And the communication and presenting skills– I definitely didn’t know these things well enough coming into the course. And I probably still don’t like networking, but I know how to do it now. And definitely, I can present a bit more confidently and comfortably than I used to before.rnrnIt’s a very important part of a course, like the MFin, that it is both academically credible and rigorous, but also, it’s practical. It’s connected to the real world of finance. One of the ways that we do that is that we have a number of projects, and the projects get students involved with external organisation’s actual clients if you like. They have real problems, and the students help solve them.rnrnYou don’t just come to the MFin to do the more hard skills. You learn a lot when it comes to the core financial and banking skill sets. But you do have a lot of opportunity to develop your leadership skills, your team skills, both within the MFin cohort, but also by then collaborating with other students here in Judge, but then also in the broader community.rnrnIn your College, rowing is a classic team sport. So, you develop really strong soft skills. It also comes from interacting with people from different backgrounds and different perspectives. Those skills that you developed through these experiences are really helpful when you go into workplace.rnrnOur course of 82 people had people from over 30 different geographic and cultural backgrounds. And it’s not just where they came from. It’s also the diversity in age brackets. You get to bond with people who have been working in finance for two decades, almost which you probably wouldn’t get to do in an office.rnrnThe MFin, it gave me a massive leap forward. And I think my career’s developed and advanced in ways I didn’t expect if I hadn’t done the MFin. So I think I’ve been able to progress much faster. It’s allowed me to move into a much more senior role, but this also prepared me for some of the challenges in the workplace that I probably wouldn’t be prepared for if I hadn’t done the MFin.rnrnThe first time I met my colleague with whom I set this business up with was in one of the projects on the course. We realised we worked well together, and we bonded over the fact that we were sell side analysts from before. Then, we went on to do this as a summer project, and now we’ve set it up as our business.rnrnI’m surprised, but pleasantly surprised how often people said to me at the end of their year on the MFin, that was the best year of my life. That’s not something we promise. It’s not something that we even expected, but the fact that people do often say that suggests that they’re getting something really valuable out of the programme. It’s not just a degree. It’s a wider experience, it’s very sociable, and I think that’s something they take into the future with them.

Video with transcript

Cambridge has excellent faculty in financial mathematics and the Master of Finance will bring their expertise together with that of leading practitioners to create a very powerful combination for students.

Nationalities

Average years’ work experience, switched country, function or sector*.

*Class of 2022/23

Why Cambridge Judge?  

Learn through a powerful combination of finance theory and practice that draws on the University of Cambridge’s long heritage of excellence in teaching and research and the expertise and connections here at Cambridge Judge.

• Engage with the highest calibre Finance faculty. 
• Interact with seasoned guest speakers from industry. 
• Gain a global perspective on finance career opportunities. 
• Access outstanding career coaching and advice. 
• Apply your knowledge to a range of hands-on industry projects.
• Hone your networking and negotiation skills. 
• Leverage your Cambridge alumni connections.

Broaden your finance knowledge and develop your professional skills. Enhance your current practice and build your confidence.

Designed in consultation with the banking and finance industry, our Master of Finance combines finance theory with workshops and practical projects to support your career development.

Tailor your course with elective courses, and boost your industry networking with a range of programme projects, summer activities, and guest speakers.

Explore the MFin curriculum

Who we’re looking for

If you have a strong academic record combined with professional finance experience and a passion to thrive in the competitive finance world, our Master of Finance is for you. You’ll join a high-quality peer group of finance professionals, with international experience, and form small classes with engaging faculty that encourage discussion and idea-sharing.

The Master of Finance is for you if you

• have a narrow finance specialisation currently and want to broaden your experience
• went straight into the finance industry from university and now want to rethink your career trajectory
• want to consolidate your finance experience and gain a masters degree to support your professional development
• studied a subject other than finance at undergraduate level and would benefit from studying a finance master’s degree
• want to benefit from studying alongside experienced peers in an intellectually stimulating environment.

Class profile

Learn more about our current Master of Finance class.

I had a clear vision of the type of postgraduate degree I was looking for; a top-tier university with ample resources and a diverse student body, a post-experience programme that would enable me to learn from experienced classmates, and a programme that would specifically enhance my finance knowledge and buy-side skills to facilitate my career transition. After researching several options, I was convinced that the Cambridge MFin met all my expectations.

Applying for the Master of Finance 

You are embarking on a transformative step in your finance career. You’ll join a global network of elite finance graduates and gain the latest insight into the ever-evolving world of international finance.

Applications and deadlines

Set the wheels in motion – search the calendar for your Masters deadlines and find out how to make a start.

Fees and funding

Discover more about the mix of student loans and scholarships available to help support your study goals.

Latest updates

Sign up to be the first to hear about Master of Finance programme updates, events, research projects, your peers’ achievements – and stay inspired.

Career impact

Broaden your career prospects with the Cambridge MFin. Our careers service, which is ranked first in the world by the Financial Times*, helps you map out your career path while leveraging your new skills and networks.

*Masters in Finance post-experience 2022 rankings

The Cambridge experience

Be inspired by the historic and dynamic city of Cambridge, while gaining international insight into the latest finance thinking.

The Cambridge community and your collegiate experience will add an extra dimension of discovery to your MFin as well as broaden your network and outlook.

Admissions events

Attend our admissions events to meet our staff, faculty, engage with fellow students and alumni, and learn more about your programme.

EMBA, MFin and Executive Master of Accounting information session Zurich, Switzerland

Join Associate Professor Kamiar Mohaddes as he provides insights on economic implications on climate change.

Follow the Master of Finance on social media:

Introduce yourself

Attend an event

Request a visit

Start your application

When does the programme start?

The Master of Finance programme starts in mid-September each year and runs for 12 months. You cannot start at any other point in the year.

Do I need to live in Cambridge during the MFin year?

Yes, you must be ‘in residence’ at the University for all three terms of the programme and it is not possible to commute from elsewhere. Formally, this means that you must live within 10 miles of the University Church of Great St Mary in Central Cambridge for at least 59 days of the Michaelmas (first) and Lent (second) terms, and 56 days for the Easter (third) term.

Do you offer a part time or distance learning MFin?

No, the MFin is a full-time programme. There is no part-time or online option.

Can I visit the School?

Find upcoming events and campus open days on our MFin Events page .

Do you hold events outside of Cambridge?

Yes. We are delighted to be attending overseas events again, and hosting in-person events at the Business School. We look forward to meeting you!

Find upcoming events on our MFin Events page .

Can I visit Cambridge Judge Business School/talk to faculty or someone from Admissions in person?

We would be delighted to meet you at our Visit days and are also able to answer any queries you have via the online query form . Find upcoming events on our MFin events page .

If there are no current events listed and you would like to visit the School. Please contact our Admissions Team.

Do you hold “open days” for MFin programmes?

Please see our events page  for the latest information.

Earth, Atmospheric, and Planetary Sciences

77 Massachusetts Avenue Building 54-912 Cambridge MA, 02139

617-253-3381 [email protected]

Website: Earth, Atmospheric, and Planetary Sciences

Application Opens: September 1

Deadline: December 1 at 11:59 PM Eastern Time

Fee: $75.00

Terms of Enrollment

Interdisciplinary programs, areas of research.

• Atmospheric Science
• Climate Science
• Geochemistry
• Planetary Sciences

Financial Support

All students admitted to our doctoral programs are provided with full funding that includes a stipend, tuition, and health insurance. This may be in the form of a fellowship or research assistantship. At some time in your graduate career, you will be asked to serve as a teaching assistant so that you gain that experience. Research assistantships are the primary support for students beyond the first year.

Funding may vary by program, and newly admitted students are encouraged to apply to outside government and private agencies for fellowship support. Please see the  EAPS website  for more information.

Standardized Tests

Graduate Record Examination (GRE)

• General test not required for Fall 2024 admissions cycle
• Subject test in Chemistry or Physics not required for Fall 2024 admissions cycle*

International English Language Testing System (IELTS)

• Minimum score required: 7
• Electronic scores send to: MIT Graduate Admissions

Test of English as a Foreign Language (TOEFL)

• 600 (paper-based)
• 100 (internet-based)

IELTS is preferred, though both IELTS and TOEFL will be accepted. A waiver of the TOEFL/IELTS requirement may be available for those who have completed a four-year bachelor’s program taught exclusively in English.

Application Requirements

• Online application
• Statement of objectives
• Three letters of recommendation
• Transcripts
• English proficiency exam scores

Special Instructions

Deadline for September admission is December 1st.

Do not try to convert your university grading scale or GPA to MIT’s scale. Enter the grades/GPA as granted by your school.

An original copy of your transcript from each college or university, translated into English, should be uploaded as an attachment in PDF format to your application. No other attachments will be accepted. Hard copies sent via post by an applicant will not be accepted. Only those applicants who are accepted for admission will be required to submit a hard copy of their transcripts. Any discrepancy between the scanned transcripts and official transcripts may result in a rejection or withdrawal of our admission offer.

This site uses cookies to give you the best possible experience. By browsing our website, you agree to our use of cookies.

If you require further information, please visit the Privacy Policy page.

Study at Cambridge

About the university, research at cambridge.

• Undergraduate courses
• Events and open days
• Fees and finance
• Postgraduate courses
• How to apply
• Postgraduate events
• Fees and funding
• International students
• Continuing education
• Executive and professional education
• Courses in education
• How the University and Colleges work
• Term dates and calendars
• Visiting the University
• Annual reports
• Equality and diversity
• A global university
• Public engagement
• Give to Cambridge
• For Cambridge students
• For our researchers
• Business and enterprise
• Colleges & departments
• Email & phone search
• Museums & collections

Cambridge Endowment for Research in Finance (CERF)

• CERF People overview
• CERF Management Board overview
• Members of the CERF Management

What is CERF?

• CERF Fellowship overview
• About CERF Fellowship Scheme
• CERF Fellows 2024 - 2026
• CERF Fellows 2022 - 2024
• CERF Fellows 2020-2022
• CERF Fellows 2018-2020
• CERF Fellows 2016-2018 overview
• Dr Bang Dang Nguyen
• Dr Chryssi Giannitsarou
• Dr Edoardo Gallo
• Dr Elisa Faraglia
• Dr Flavio Toxvaerd
• Dr Matt Elliott
• Dr Mike Tehranchi
• Dr Pedro Saffi
• Dr Thies Lindenthal
• Dr Xin (Simba) Chang
• CERF Fellows 2014-2016 overview
• Dr Eva Steiner
• Dr Farzad Saidi
• Dr Amir Amel-Zadeh
• Dr David Chambers
• Previous Fellowship
• CERF Researchers and Associates overview
• CERF Postdoctoral Research Associates
• Current CERF Postdoctoral Research Associates overview
• Previous CERF Postdoctoral Research Associates overview
• Previous Postdoctoral Researchers
• Hormoz Ramian
• Sunwoo Hwang
• CERF Honorary Senior Research Associates
• CERF Visiting Researchers overview
• Amil Dasgupta
• Professor Lucio Sarno
• Alejandro Reynoso
• Past Visiting Researchers 2012-2014
• Short term CERF Researchers overview
• Short term CERF Researchers
• Current Short term CERF Research Associates
• Previous Short term CERF Research Associate overview
• Walter Jansson
• Pre-Doc scheme
• CERF Alumni Society overview
• CERFAS Best Paper Award
• Best CERF Alumni Society Research Paper Award 2024
• CERF Phd Scholars overview
• Lennart Niermann
• Kilian Kamkar
• Antonia Tsang
• Project Reports overview
• ProjectUpdateShiqiChen.pdf
• Projectupdate2017EmileMarin.pdf
• ShiqiChenAugust2017forweb.pdf
• ProjectupdateEmileMarinAugust2017forweb.pdf
• CERFreportApril20182.pdf
• cerf1styrrepCindy.pdf
• EmilemarinreportApril2018.pdf
• ProjectUpdateAugust2018003.pdf
• EmileMarinCurrentprojectsAugust2018.pdf
• ShiqiChenProgressReportApril2019.pdf
• CindyZhengreportApril2019.pdf
• ProgressReportAug2019.pdf
• projectupdateCindyZhengAugust2019.pdf
• Outputs1.docx
• ResearchStatementCindyZheng.pdf
• ProjectupdateTingYu.pdf
• projectupdate.pdf
• Funding Opportunities overview
• Apply for CERF Grants overview
• CERF Research Grants for Projects Under £20,000
• CERF Research Grants for Projects Over £20,000
• CERF Conference Grants
• CERF Fellows Travel Grant
• CERF PhD Scholarship overview
• Previous Competitions overview
• CERF Scholarship competition 2020 - now closed overview
• CERF PhD Scholarship competition 2017 - now closed
• CERF Scholarship competition 2021 - closed
• CERF PhD Studentship - Competition 2016 - now closed
• CERF PhD Studentship - Competition 2015
• CERF PhD Studentship Competition 2014
• Best Student Paper Award Registration Form
• Previous CERF Scholars overview
• Jeroen Dalderop
• Rasheed Saleuddin
• Emile-Alexandre Marin
• Cindy Zheng
• CERF Pre-doc Scheme
• Best Student Paper Award overview
• Winners of the Best Student Paper Award
• About CERF PhD Scholarship overview
• Events overview
• CERF and F&A Monday Lunchtime Talks

Cambridge Finance Seminars

• Corporate Finance Theory Symposium
• Previous Corporate Finance Theory Symposia

CERF Cavalcade

• CERF in the (virtual) City
• Past Events overview
• Corporate Finance Theory Symposium 2022 overview
• Paper Submission Form
• Registration Page
• Tripartite Symposium
• Cambridge-Princeton Exchange
• Cambridge-Lausanne overview
• Call for Papers - Lausanne-Cambridge workshop 2019
• Cambridge Finance Seminar Archive
• Previous CERF Cavalcades
• Cambridge - Nova Workshop
• Research Projects overview
• Current Research Projects
• Completed Projects overview
• Completed Projects 2022 overview
• The Impact of Price Regulation on Prices and Variety in the Italian Book Market
• Completed Projects 2021 overview
• Securities Lending and Information Acquisition
• Completed Projects 2019
• Completed Projects 2020 overview
• Cambridge-INET
• Completed Projects 2018
• Completed Projects 2017
• Completed Projects 2016
• Completed Projects 2015
• Completed Projects 2014
• Completed Projects 2001-2013
• Research Centres
• Publications overview
• Publications 2024
• Publications 2023
• Publications 2022
• Publications 2021
• Publications 2020
• Publications 2019
• Publications 2018
• Publications 2017
• Publications 2016
• Publications 2015
• Publications 2014
• Publications 2013
• Working Papers overview
• Working Papers 2024
• Working Papers 2023
• Working Papers 2022
• Working Papers 2021
• Working Papers 2020
• Working Papers 2019
• Working Papers 2018
• Working Papers 2017
• Working Papers 2016
• Working Papers 2015
• Working Papers 2014
• Working papers 2013
• CERF Blog overview

CERF Events

• Please click here for a list of all CERF Events

CERF promotes research in the University into all aspects of the practice and history of finance, financial institutions, and financial markets, and their relationship with economic behaviour and performance.

CERF Management Board

Composition of the CERF Management Board

The annual CERF Cavalcade took place on 15 May 2024.

CERF supports a series of discussions in all areas of finance at Cambridge University. Details of the next seminar are found here...

Upcoming events

• 13 Sep Corporate Finance Theory Symposium 2024

View all events

Cambridge Finance Seminar Series

Financial Frictions and Pollution Abatement Over the Life Cycle of Firms

Estimating the Private Value of Financial Statement Statistics; the abstract is below. I hope to have a revised version ready closer to the actual presentation date.

2024 Corporate Finance Theory Symposium Day 1

2024 Corporate Finance Theory Symposium Day 2

• Information provided by:     [email protected]
• Site Privacy & Cookie Policies
• Subscribe to CERF and CF Events and Talks

© 2024 University of Cambridge

• Contact the University
• Accessibility
• Freedom of information
• Privacy policy and cookies
• Statement on Modern Slavery
• Terms and conditions
• University A-Z
• Undergraduate
• Postgraduate
• Research news
• About research at Cambridge
• Spotlight on...

Erin Bahm, Steven Parks named 2024–25 UPS Fellows

Annual awards from the mit center for transportation and logistics provide financial support to graduate students in logistics, supply chain management, and freight transportation areas..

By Benjy Kantor

The MIT Center for Transportation and Logistics (CTL) has announced Erin Bahm and Steven Parks as recipients of the UPS Fellowship for the 2024–25 academic year.

Made possible by a grant from the UPS Foundation, the UPS Fellowship awards financial support to two outstanding students each year, one incoming MIT master’s student and one MIT doctoral student pursuing study relating to logistics, freight transportation, supply chain management, or a related topic.

The UPS Fellowship aims to recognize and reward excellence in these fields, and selections are awarded solely on the basis of merit. Fellows receive full tuition plus a monthly stipend.

“The UPS Fellowships exemplify MIT CTL’s dedication to infusing innovation into real-world applications, upholding the highest standards of academic inquiry,” says Chris Caplice, executive director of MIT CTL. “These fellowships, with the generous backing of the UPS Foundation, stand as indispensable assets in nurturing talents such as Erin and Steven. Their contributions will help to shape the future landscape of the supply chain industry.”

Erin Bahm is an incoming student in the MIT Supply Chain Management master’s program who comes to CTL as a senior inventory operations analyst for Target in Minneapolis, Minnesota, where she stepped into a role managing the end-to-end purchasing and positioning of multiple perishable food categories. Her strength in process improvement led to a promotion to inventory operations, where she was responsible for leading a cross-functional initiative to implement ordering optimization changes to over 300 vendors. In her role, she consulted with global supply chain partners on new process initiatives to ensure order volume accuracy and replenishment agility across networks.

Bahm earned her BS in applied engineering sciences from Michigan State University in 2020, where she also received an MIT Supply Chain Excellence Award . Since graduating, she has continued her studies with the completion of a women’s leadership course through the Yale School of Management’s Executive Education program, and she has earned a certificate through MITx MicroMasters Program in Supply Chain Management . As a leader, Bahm has moderated a career development panel series, and has expanded Target’s new hire mentorship program.

Steven Parks is a PhD candidate in transportation engineering at MIT, and he is also a research assistant in the MIT Megacity Logistics Lab at CTL. In the latter role, he led a 16-month research project with Amazon World-Wide Real Estate Operations, working to quantify the net traffic congestion effects of last-mile e-commerce activities at city scale. The project, for which Parks built a macroscopic traffic simulation model to estimate congestion caused by e-commerce for three major U.S. cities, led to recommendations to reduce congestion footprints published in a white paper in 2024.

“Steven’s work was of critical importance for the success of the project and the reach and academic impact of the research challenge for us and our counterparts at Amazon,” says Matthias Winkenbach, Parks’s advisor and director of the MIT Megacity Logistics Lab. “Steven’s research is answering the question how we can best plan recurring vehicle routes for given demand patterns, road network properties, and other environmental or operational factors related to urban form. This is a highly relevant and timely question with many real-world implications for both freight logistics and passenger transportation systems.”

Parks is a graduate of Santa Clara University, where he was recognized as a Johnson Scholar and earned his BS in mechanical engineering, and received his MS in transportation engineering at the University of California at Berkeley. He has been awarded the Dwight D. Eisenhower Transportation Fellowship from the U.S. Department of Transportation, the Professor Joseph M. Sussman Best Paper Prize from the journal Frontiers in the Built Environment, and first place in the Santa Clara University Mechanical Engineering Senior Design Conference for his work on disaster relief communications.

Originally published at https://news.mit.edu .

Erin Bahm, Steven Parks named 2024–25 UPS Fellows was originally published in MIT Open Learning on Medium, where people are continuing the conversation by highlighting and responding to this story.

Open Learning newsletter

Study at Cambridge

About the university, research at cambridge.

• Undergraduate courses
• Events and open days
• Fees and finance
• Postgraduate courses
• How to apply
• Postgraduate events
• Fees and funding
• International students
• Continuing education
• Executive and professional education
• Courses in education
• How the University and Colleges work
• Term dates and calendars
• Visiting the University
• Annual reports
• Equality and diversity
• A global university
• Public engagement
• Give to Cambridge
• For Cambridge students
• For our researchers
• Business and enterprise
• Colleges & departments
• Email & phone search
• Museums & collections
• Course Directory

PhD in Management Studies

Postgraduate Study

• Why Cambridge overview
• Chat with our students
• Cambridge explained overview
• The supervision system
• Student life overview
• In and around Cambridge
• Leisure activities
• Student unions
• Music awards
• Student support overview
• Mental health and wellbeing
• Disabled students
• Accommodation
• Language tuition
• Skills training
• Support for refugees
• Courses overview
• Department directory
• Qualification types
• Funded studentships
• Part-time study
• Research degrees
• Visiting students
• Finance overview
• Fees overview
• What is my fee status?
• Part-time fees
• Application fee
• Living costs
• Funding overview
• Funding search
• How to apply for funding
• University funding overview
• Research Councils (UKRI)
• External funding and loans overview
• Funding searches
• External scholarships
• Charities and the voluntary sector
• Funding for disabled students
• Widening participation in funding
• Colleges overview
• What is a College?
• Choosing a College
• Terms of Residence
• Applying overview
• Before you apply
• Entry requirements
• Application deadlines
• How do I apply? overview
• Application fee overview
• Application fee waiver
• Life Science courses
• Terms and conditions
• Continuing students
• Disabled applicants
• Supporting documents overview
• Academic documents
• Finance documents
• Evidence of competence in English
• AI and postgraduate applications
• Terms and Conditions
• Applicant portal and self-service
• After you apply overview
• Confirmation of admission
• Student registry
• Previous criminal convictions
• Deferring an application
• Updating your personal details
• Appeals and Complaints
• Widening participation
• Postgraduate admissions fraud
• International overview
• Immigration overview
• ATAS overview
• Applying for an ATAS certificate
• Current Cambridge students
• International qualifications
• Competence in English overview
• What tests are accepted?
• International events
• International student views overview
• Akhila’s story
• Alex’s story
• Huijie’s story
• Kelsey’s story
• Nilesh’s story
• Get in touch!
• Events overview
• Upcoming events
• Postgraduate Open Days overview
• Discover Cambridge: Master’s and PhD Study webinars
• Virtual tour
• Research Internships
• How we use participant data
• Postgraduate Newsletter

Primary tabs

• Overview (active tab)
• Requirements
• How To Apply

Course closed:

Management Studies is no longer accepting new applications.

Note: Applications directly to the PhD are only accepted from students who are completing (or have completed) a CJBS research MPhil, or from students completing the MPhil Economics Research at Cambridge  (please see departmental website for the specific MPhil needed for each PhD pathway).

The PhD Programme at Cambridge Judge Business School is designed to prepare students for an academic career in a business school. It develops PhD students who challenge conventional wisdom and advance knowledge through innovative theory and empirical research leading to publications in top-tier academic journals.

The educational aim is to teach students to undertake research and produce papers for publication in top-tier journals in one of the management disciplines:

• Operations & Technology Management
• Business Economics
• Organisational Behaviour
• Organisational Theory & Information Systems
• Strategic Management

The first year of the PhD course is probationary. Students are assessed on the basis of a first-year report or comprehensive examination, and a series of coursework modules.

Learning Outcomes

Publications or invitations to revise and resubmit research papers in leading academic management journals. One of the papers with the student as the lead author will serve as the student's "job market paper" to secure placement in a junior faculty position in a business school.

Students only continue to the PhD in Management Studies from the MRes at CJBS, from a research MPhil programme at CJBS or occasionally from the Cambridge MPhil Economics Research. For full details please see the departmental website .

For MRes students, continuation on to the PhD is immediate upon obtaining 70% or higher overall average and 70% or higher in the dissertation  (where the overall average includes the dissertation).

For CJBS MPhil students, following their application for PhD, applicants will be interviewed by a panel of faculty members. The PhD admissions committee will then make a decision on the basis of the interview report, the strength of the overall application (with particular weight on academic reference letters) and the performance in the Michaelmas term courses. Admissions offers are conditional on the overall performance on the MPhil. The minimum condition is 70% or higher overall mark and 70% or higher in any dissertation or project.

The Postgraduate Virtual Open Day usually takes place at the end of October. It’s a great opportunity to ask questions to admissions staff and academics, explore the Colleges virtually, and to find out more about courses, the application process and funding opportunities. Visit the  Postgraduate Open Day  page for more details.

Cambridge Judge Business School also hosts Experience Days throughout the year. Please see Cambridge Judge Business School wide-events page for further information.

Key Information

3-4 years full-time, 4-7 years part-time, study mode : research, doctor of philosophy, judge business school, course - related enquiries, application - related enquiries, course on department website, dates and deadlines:, michaelmas 2024 (closed).

Some courses can close early. See the Deadlines page for guidance on when to apply.

Funding Deadlines

These deadlines apply to applications for courses starting in Michaelmas 2024, Lent 2025 and Easter 2025.

Similar Courses

• Management Studies PhD
• Strategy, Marketing and Operations MPhil
• MSt in Entrepreneurship MSt
• Real Estate MSt
• Master of Accounting MAcc

Postgraduate Admissions Office

• Admissions Statistics
• Start an Application
• Applicant Self-Service

At a glance

• Bringing a family
• Current Postgraduates
• Cambridge Students' Union (SU)

University Policy and Guidelines

Privacy Policy

Information compliance

Equality and Diversity

Terms of Study

About this site

About our website

Privacy policy

© 2024 University of Cambridge

• Contact the University
• Accessibility
• Freedom of information
• Privacy policy and cookies
• Statement on Modern Slavery
• University A-Z
• Undergraduate
• Postgraduate
• Research news
• About research at Cambridge
• Spotlight on...

Study at Cambridge

About the university, research at cambridge.

• Events and open days
• Fees and finance
• Student blogs and videos
• Why Cambridge
• Qualifications directory
• How to apply
• Fees and funding
• Frequently asked questions
• International students
• Continuing education
• Executive and professional education
• Courses in education
• How the University and Colleges work
• Visiting the University
• Term dates and calendars
• Video and audio
• Find an expert
• Publications
• International Cambridge
• Public engagement
• Giving to Cambridge
• For current students
• For business
• Colleges & departments
• Libraries & facilities
• Museums & collections
• Email & phone search
• Postgraduate Studies
• Faculty of Economics
• Research overview
• Econometrics Research Group - Papers
• Econometrics Research Group - Cambridge Working Papers in Economics
• Microeconomic Theory Research Group - Papers
• Microeconomic Theory Research Group - Cambridge Working Papers in Economics
• Macroeconomics Research Group - Papers
• Macroeconomics Research Group - Cambridge Working Papers in Economics
• Empirical Microeconomics Research Group
• Empirical Microeconomics Research Group - Cambridge Working Papers in Economics
• History Research Group - Cambridge Working Papers in Economics
• Papers and Publications
• Cambridge Working Papers in Economics (CWPE)
• Research Intranet (Raven Login Required)
• The Janeway Institute
• The Keynes Fund
• Research Contact
• People overview
• Noriko Amano-Patiño
• Debopam Bhattacharya
• Florin Bilbiie
• Peter Bossaerts
• Charles Brendon
• Vasco Carvalho
• Tiago Cavalcanti
• Meredith Crowley
• Matthew Elliott
• Aytek Erdil
• Robert Evans
• Elisa Faraglia
• Leonardo Felli
• Eric French
• Edoardo Gallo
• Tripos supervisions
• Chryssi Giannitsarou
• Selected Articles
• Working Papers
• Popular Press
• Past PhD Students
• Invited Lectures
• Christopher Harris
• Economics of Religion in India Book
• Demography Book
• Oliver Linton
• An old link to some of my papers
• A poem by Robert Graves
• Christopher Rauh
• Alexander Rodnyansky
• Mikhail Safronov
• Gabriella Santangelo
• Flavio Toxvaerd
• Julius Vainora
• Some Recent Articles
• Research Projects
• Efficiency Assessment
• Supervisions
• Weilong Zhang
• Ivano Cardinale
• Giancarlo Corsetti
• William H Janeway
• Pierre Mella-Barral
• Theofanis Papamichalis
• Simona Paravani
• Mark Salmon
• Patrick Allmis
• Nazanin Babolmorad
• Seda Basihos
• Leonard Bocquet
• Daniele Cassese
• George Charlson
• Chuan-Han Cheng
• Joris Hoste
• Konstantinos Ioannidis
• Caroline Liqui Lung
• Antonis Ragkousis
• Jason Schoeters
• Jerome Simons
• Robert Woods
• Michael Ashby
• Victoria Bateman
• Francisco Beltran
• Collin Constantine
• Yujiang River Chen
• Rupert Gatti
• Emanuele Giovannetti
• Pauline Goyal-Rutsaert
• Myungun Kim
• Nigel Knight
• Vasileios Kotsidis
• Domique Lauga
• Kamiar Mohaddes
• Mary Murphy
• Dario Palumbo
• Cristina Peñasco
• Cristiano Ristuccia
• Isabelle Roland
• Julia Shvets
• Oleh Stupak
• Simon Taylor
• Anna Watson
• Publications - Since 2001
• Interviews and Lectures
• Jeremy Edwards
• Refereed Papers
• Other Publications
• Work in Progress
• Selected Publications
• Downloadable Publications
• Economics as Social Theory
• Sir James Mirrlees
• Downloadable Conference Presentations
• Regulation, Privatisation, Energy, Electricity
• Transport: Road and Rail
• Risk, Industrial Organisation, Optimal Growth, Dynamic Inconsistency
• Taxation, Public finance, Cost-benefit analysis
• Transition Economies and Development
• Recent Conference Presentations
• Jose Gabriel Palma
• Published Articles
• Forthcoming Papers
• Newspaper, Magazine and Online Articles
• Forewords/Prefaces
• Book Reviews
• Unpublished Papers
• Lecture Audio, Video and Podcast Recordings
• Archive Working Papers
• Biographical
• Biographical (long version)
• William Peterson
• Bob Rowthorn
• Honours and Awards
• Geoff Whittington
• Selection Committee
• Academic Staff - A to E
• Academic Staff - F to H
• Academic Staff - I to M
• Academic Staff - N to Q
• Academic Staff - R to V
• Academic Staff - W to Z
• Academic Staff - Office Hours
• Past Visitors
• Prospective Academic Visitors Information
• Application Form
• Rules and Categories of Visitors
• Visiting Doctoral Students
• Visiting Students Application Form
• Razan Amine
• Laura Araújo De Freitas
• Marium Ashfaq
• Deniz Atalar
• Kilian Bachmair
• Gerardo Baldo
• Balduin Bippus
• Saru Chaudhary
• Adrian Chung
• Radu Cristea
• Zixuan Deng
• Mar Domenech-Palacios
• Lukas Freund
• Luigi Dante Gaviano
• Guillem Gordo-I-Bach
• Darija Halatova
• Andrew Hannon
• Lea Havemeister
• Shengjuan He
• Rebecca Heath
• Christian Höhne
• Darren Hoover
• Benedikt Kagerer
• Kilian Kamkar
• Ganesh Karapakula
• Alastair Langtry
• Sean Lavender
• Weiguang Liu
• Ana Lleo-Bono
• Fred Seunghyun Maeng
• Shane Mahen
• Fergus McCormack
• Manuel Montesinos
• Mathis Momm
• Jamie Moore
• James Morris
• Shania Mustika
• Felix Mylius
• Cheuk Fai Ng
• Lennart Niermann
• Tianyu Pang
• Charles Parry
• Dmitrii Petrukhin
• Benjapon Prommawin
• Vivek Roy-Chowdhury
• Diogo Salgado Baptista
• Niklas Schmitz
• Kishen Shastry
• Sarah Rose Taylor
• Christian Tien
• Ho-Yung Antonia Tsang
• Carles Vila Martínez
• Nicholas Waltz
• Yi (Amanda) Wang
• Shu Feng Wei
• Alessa Widmaier
• Mingmei Xiao
• Yinfeng Zeng
• Mingxi Zhang
• Xiaoxiao Zhang
• Yiyang Zhang
• Yuting (Tina) Zhang
• Zhaocheng Zhang
• Henning Zschietzschmann
• Professional Services Staff
• Job Market Candidates
• Teaching overview
• University's Blended Learning Site
• Apply overview
• Economics Open Days 2023
• Economics Prospectus
• A Guide for Prospective Students
• Preliminary Part I Reading List
• Why Choose Economics
• Course Description
• Course Structure
• Course Requirements
• How to Apply
• Students Finance
• Frequently Asked Questions (FAQs)
• Entry Requirements
• How and When to Apply
• Finance Overview and Funding

Core Modules

Optional modules.

• Applicant Mentoring Programme
• Doctoral Training Partnership
• ESRC Studentships
• Example Course Structure
• PhD Modules
• Careers / Placements
• EDGE (European Doctoral Group in Economics)
• Social Events
• Postgraduate Open Day
• Postgraduate Life
• Postgraduate Guide 2023
• Cambridge University Graduate Economics Society
• Economics Postgraduate Fund
• Postgraduate Admissions - Contacts
• The Cambridge Environment
• Introduction to the Faculty
• Student Life
• Alumni overview
• Alumni Newsletter
• Alumni Webinars
• Online Giving
• Faculty Info overview
• Information for Staff (Intranet)
• Find the Faculty
• Provision for Students with Disabilities
• History of the Faculty
• Sheilagh Ogilvie
• Caroline Hoxby
• Joan Robinson
• Women in Economics Events
• Student & Staff Behaviour
• Women in Economics
• Faculty IT Support

MPhil in Economics and Data Science

• Course Modules
• Advanced Diploma in Economics
• MPhil in Economics
• MPhil in Economic Research
• MPhil in Finance and Economics
• PhD in Economics

Apply for this course

This master’s degree is intended to equip you with the skills and knowledge necessary to apply advanced data science techniques to economic analysis and decision-making. The degree will give the technical training required to pursue a career in a variety of fields such as consulting, government, academia, and the private sector.

The course will provide a deep understanding of economic theory and principles and applied economic research. You will develop enhanced analytical skills and be exposed to a variety of cutting-edge tools and technologies used in data analysis and modelling, such as machine learning algorithms, data visualisation tools, and cloud computing platforms.

To obtain the degree of MPhil in Economics and Data Science, students need to:

• Ideally attend the preparatory course in mathematics and statistics . The prep course runs from early-September to early October. Its aim is to review and develop the required technical methods for the compulsory core modules in macroeconomics, microeconomics, and econometrics. The topics covered are: linear algebra; statistics; static optimisation; dynamic optimisation; differential and difference equations. Students are expected to pass a two hour examination at the end of this preparatory course.

• Candidates are required to attend and be assessed on seven compulsory modules and two optional modules. Compulsory modules consist of both lectures and classes.
• Write a  dissertation  of up to 10,000 words. During the second term, each student is allocated a supervisor for the dissertation. The topic of the dissertation is associated with either a core subject or a specialist subject, and must be formally approved by the Faculty. During the second and third terms the student will meet the supervisor to discuss an outline of the topic, a bibliography, the use of appropriate data and methods of analysis, and a draft of the dissertation. Dissertations are submitted by mid-June.

Assessment of the core modules will be conducted via project reports (2,000-3,000 words) and a case study (1,000 words), and will take place throughout the programme.  Some optional modules will be examined by written two or three hour exams; examinations take place between late April and early June.

Continuation to PhD

The MPhil in Economics and Data Science is designed for students who wish to obtain a one-year (or two-year part-time) master's qualification before leaving academic economics.

Faculty of Economics Austin Robinson Building Sidgwick Avenue Cambridge CB3 9DD UNITED KINGDOM

Telephone: +44 1223 335200

Fax: +44 1223 335475

Site Privacy & Cookie Policies

Find Us (details and maps)

with University of Cambridge Maps

with Google Maps

Associated Websites

Janeway Institute

COVID-19 Economic Research

Keynes Fund

Application Emails

Undergraduate Admissions: (for enquiries about the BA in Economics) [email protected]

Graduate Admissions: (for enquiries about the Diploma, MPhil and PhD courses) [email protected]

General Emails

Faculty Office: (for all other enquiries) [email protected]

Webmaster: (for enquiries about the website) [email protected]

Marshall Library: [email protected]

© 2024 University of Cambridge

• University A-Z
• Contact the University
• Accessibility
• Freedom of information
• Terms and conditions
• Undergraduate
• Spotlight on...
• About research at Cambridge