The objective of the Ph.D. program in Finance is to prepare students for faculty positions at academic institutions or for professional careers in private industry and government.
During their course of study, students receive specialized instruction in the areas of corporate finance, investments, and financial institutions. The conceptual knowledge and methodological skills necessary to conduct independent research are acquired through individual apprenticeships with faculty.
Faculty Research Interests and Highlights
The faculty are actively engaged in research across a broad array of topics that include: corporate finance issues such as dividend and capital structure policy, acquisitions and mergers, distress and financial restructuring; regulation and rate of return setting process; investments and financial market issues such as stock market efficiency, credit risk and corporate bond ratings, portfolio diversification and derivative hedging strategies, exchange rate risk exposure, and mutual fund performance; as well as institutional issues such as corporate governance, executive compensation, corporate ownership, and shareholder voting rights.
The program develops proficiency in classroom instruction by providing opportunities to teach, to design curriculum, and to attend regularly scheduled teaching workshops and seminars. The Ph.D. program in Finance requires 42 credit hours of coursework. Five seminars in financial theory and research correspond to 15 credit hours. The remaining credit hours, distributed across two supporting areas, economics and research tools, are determined in consultation with the departmental doctoral program advisor. In addition, students must complete a research paper requirement, pass a written comprehensive exam, and successfully defend and conclude an approved doctoral thesis.
|Research Tools(Choose 2 of the following courses.)|
Students may take up to one research tool course approved by the Finance Department doctoral student advisor if the research tool course is not listed above.
Applicants who wish to apply for the doctoral program in Finance must submit their application to the Graduate School of Business by December 15th.
The Finance Department typically has ten to twelve Ph.D. students, at differing stages of their program, at any one time.
The Finance department will accept late applications, but only on a space-available basis. However, please note that late applicants are not eligible for Distinguished Doctoral Fellowship (DDF) funding. We encourage you to apply as early as possible to ensure you are considered for all available funding. Application deadline is December 15th.
The Finance Department requires that all applicants complete the master’s degree prior to entry into the Ph.D. program.
Students admitted to Walton College Ph.D. programs may receive graduate assistantship funding, please visit our Ph.D. Assistantships page to see specific forms of funding.