Programme Structure

The Finance PhD is usually a four year programme.  You are registered on the MPhil degree for the first two years during which you will follow a programme of taught courses and prepare your first research paper.

First year

In the first year you will attend a comprehensive set of courses designed to train you in the theory and methods necessary to conduct high quality finance research.  These courses are academically rigorous and you will be examined in each of them.  Upon successful completion of all first year courses you will progress to year two.

Second year

Your research training continues in this second year with workshops focused on developing specific skills such as academic writing, advanced level reading groups where we delve deeply into key current research papers, and courses introducing you to the practice of learning, teaching and assessment.  Alongside this, you will commence research in your chosen topics and the year culminates with the defence of your first research paper before a transfer panel committee.  After the successful defence of your transfer panel paper you will move onto the final two years of the PhD programme.

Third and fourth year

You complete your remaining research papers in years three and four, and will defend your work in the viva voce exam soon after completion of your thesis.  Training continues in the final two years but the focus shifts towards preparing you for an academic career.  You will attend workshops designed to help you to publish your work and to introduce you to the academic job market.

In the final year we devote a lot of time to both viva and job market preparation with the aim of you successfully defending your thesis and taking up academic positions in leading business schools or universities, or research jobs in policy institutions.

Year 1 Theory and Methods

  • First term:

Courses
Introduction to Statistics
Financial Economics
Corporate Finance Theory

  • Second term:

Courses
Asset Pricing
Research Design and Methodology
Empirical Corporate Finance
Topics in Finance

  • Third term:

Research Project
Faculty Workshop & Seminars

Year 2 Research and Teaching Skills

  • First term:

Workshops
Literature reviews
Reading groups
Learning, teaching and assessment

  • Second term:

Workshops
Academic writing 
Reading groups
Advanced seminars

  • Third term:

Faculty Workshop & Seminars

Year 3 Professional and Career Skills

  • First term:

Worskshops
Reviewing and publishing 
Advanced seminars

  • Second term:

Workshops
The job market
Advanced seminars

  • Third term:

Faculty Workshop & Seminars

Year 4

  • First term:

Career talks

  • Second term:

Job market preparation

  • Third term:

Viva preparation