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Business and Finance (Accounting, Finance, Management, Marketing), Doctorate

  • Application Deadline
  • 36 months
University rank #311 (QS) Madrid, Spain
The mission of the Business and Finance (Accounting, Finance, Management, Marketing) at the Carlos III University of Madrid is to train researchers in the areas of Management, Finance, Accounting, Marketing, and Statistics-Econometrics and enable them to develop their careers in prestigious universities and business schools.
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The Ph.D. in Business Economics and Quantitative Methods is jointly sponsored by the Department Business Administration and the Department of Statistics.

It is a full-time program, which begins in September. Students are expected to complete their Ph.D. thesis in two to three years.

There are two ways to enter the program. The main one is through the Master in Business and Finance at Universidad Carlos III. Students who complete the Master’s with a satisfactory GPA are accepted into the Ph.D. program. In addition, a very limited number of candidates who obtained a similar Master's degree in other academic institutions are also accepted into the program. In these cases, admission may be conditional on taking some courses and the submission of a thesis proposal.

The Business and Finance (Accounting, Finance, Management, Marketing) at the Carlos III University of Madrid aims to train new researchers within the strategic framework and lines of research of the university. Each Ph.D. program has been designed to provide adequate and specific training in its scientific or technological research area. The students will be expected to work independently under the supervision and guidance of experts in their fields in order to produce novel high-quality research in the form of a dissertation.

The duration of the Ph.D. studies will be limited to three years from enrollment (candidates may apply for an extension of up to two further years).

The outcome of the doctoral training is the doctoral thesis, which will reflect the research undertaken and the results obtained. The thesis must meet strict hich quality standards established by the doctoral program, must be defended publicly, and assessed by an independent expert scientific committee.

Once the thesis is successfully defended and positively assessed, the student will be able to request the official degree certificate and title of doctor in the relevant field, which is issued by the Spanish Ministry of Education.

Job Placement:

In the last years, our PhD graduates have been placed at Universities and Business Schools such as:

  • Aalto University School of Business, Finland
  • CUNEF, Spain
  • Durham University, UK
  • ESADE, Spain
  • ESCP Europe Business School, UK
  • IE Business School, Spain
  • IE University, Spain
  • IESE Business School, Spain
  • Lancaster University, UK
  • Rennes School of Management, France
  • Skema Business School, France
  • Tilburg University, The Netherlands
  • Universidad Alberto Hurtado, Chile
  • Universidad Autónoma de Barcelona, Spain
  • University College London, UK
  • Universidad de Navarra, Spain
  • Universidade Nova de Lisboa, Portugal
  • University of Antwerp, Belgium
  • University of Bristol, UK
  • University of Glasgow, UK
  • University of Wisconsin, USA

As well as in prestigious firms and institutions such as:

  • Analistas Financieros Internacionales
  • Arfima Trading
  • Banco Central do Brasil
  • Bank of China, London
  • BBVA Research
  • Honeywell
  • Orkestra - Instituto Vasco de Competitividad
  • Repsol

Detailed Programme Facts

  • More details:

    Upon enrollment, you will be asked to choose to start your doctoral program either in the first semester (November) or in the second semester (March).

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    • Full-time duration 36 months
    • Duration description

      In general, Ph.D. candidates will work full time towards their degree. Under certain circumstances, the academic committee may authorize a part-time basis upon making an offer to a candidate or during the course of the program due to unforseen circumstances. A reduction of tuition frees will also be applied in these cases.

  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Research Lines

1. Management and Marketing

  • International marketing research, modelling and firm competitiveness

  • Innovation, organizational behavior, and strategic management

2. Finance and accountability

  • Empirical accounting research and corporate governance

  • Financial Economics

3. Statistics

  • Statistical models and data analysis

  • Financial and macroeconomic prediction and analysis

  • Non-parametric methods and intensive computation in statistics

English Language Requirements

This programme may require students to demonstrate proficiency in English.

General Requirements

The admission requirements for the Ph.D. Program in Business Economics and Quantitative Methods are:

  • A Bachelor's degree or equivalent and a Master’s degree (with at least 60 ECTS credits) with quantitative training in the area of Business Economics.
  • Applicants with quantitative training in all areas of Business Economics will be considered for direct admission to the Ph.D.
  • Applicants with quantitative training in specific fields of finance, marketing, accounting or business organization may be admitted with the requirement of additional specific training of up to 25 ECTS credits.

Tuition Fee

Postgraduate per credit rates:€55.38 to 77.70 per credit depending on lab-based workload

Living costs for Madrid

  • 745 - 1260 EUR/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


We offer full funding to around 15 qualified candidates each year (tuition fees + a monthly stipend).

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.


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