Students will draw on experimental methods and conceptual principles to deliver solutions to key research questions relating to decision-making, risk and financial sciences.
The Doctoral program in Decision, Risk and Financial Sciences at the University of Melbourne is made up of a 2-year Master of Commerce coursework program followed by a 3-year PhD.
Generous scholarships (full fee waivers and a stipend of AUD$30,000 per year) are available for high-performing applicants through the University of Melbourne.
Top-up funding of AUD $10,000 available for research, experiments and conferences during the research phase of the program.
Training is provided by leading researchers from the Faculty of Business and Economics, the Faculty of Medicine, Dentistry and Health Sciences, the Florey Institute of Neuroscience and Mental Health, and the Melbourne School of Engineering. It includes two lab rotations in labs at the University of Melbourne or elsewhere.
Where will this take me?
The Melbourne Business School Doctoral program prepares graduates for research and teaching careers at top-ranked educational institutions and for careers where world-class research and advanced analytical skills are necessary.
Key areas of study include:
- Individual decision-making: Experimental investigation of the neurobiology of decision-making and learning (decision neuroscience), with a focus on decisions in the presence of risk (e.g., extreme events) and complexity (e.g., combinatorial problems); human-robot interaction in financial decision-making (e.g., robo-advisors).
- Group decision-making: Experimental investigation of decision-making and learning in small groups.
- Financial markets: Experimental investigation of decision-making in financial markets (experimental finance), e.g.: emerging intelligence through markets; dark markets; algorithmic trading; human-robot interaction in markets; combinatorial double-sided markets.
- Development of software: online double-sided markets platform; app development with interactive games/tools needed to overcome cognitive biases.
- 60 months
Start dates & application deadlines
- Apply before
DisciplinesFinance Risk Management Actuarial Science View 3 other PhDs in Actuarial Science in Australia
We are not aware of any academic requirements for this programme.
In order to be considered for entry, you must have completed:
- a four-year bachelor degree in a relevant discipline which includes a substantial research component equivalent to at least 25% of one year of full-time study and have achieved a minimum weighted average of 75% (80% for Economics) in the final year subjects or (University of Melbourne) equivalent, or
- a masters degree in a relevant discipline which includes a substantial research component equivalent to at least 25% of one year of full-time study and achieved a minimum weighted average of 75% or (University of Melbourne) equivalent, or
- a qualification and professional experience considered to be equivalent.
- CRICOS Code: 056955G
International45824 AUD/yearTuition FeeBased on the tuition of 45824 AUD per year during 60 months.
NationalFreeTuition FeeBased on the tuition of 0 AUD per year during 60 months.
Living costs for Melbourne
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
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.
Apply and win up to €10000 to cover your tuition fees.