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Finance, Ph.D.

  • Application Deadline
  • 60 months
    Duration
University rank #511 (QS) ,
The PhD in Finance program at York University focuses on developing ground-breaking research in the field of Finance.

About

Through exposure to world-renowned faculty, strong preparatory coursework, and access to comprehensive data sources, the Finance program at York University prepares its graduates to discover and publish new research that can alter how financial markets, individuals, and corporations raise money and invest for the future.

The PhD in Finance program will prepare you for an academic career at a top research university in Canada, the US, or the rest of the world. The program will help you build a strong theoretical and empirical foundation in finance. Combined with our faculty’s wide-ranging research expertise, our program will position you for a strong career in finance research.

Research Requirements

Students must work as research assistants for the first three years of the program in order to receive financial support and be prepared for their dissertation.

When they are at the dissertation stage, Ph.D. candidates are expected to actively dialogue – both formally in seminars and informally – with other area members within the confines of their dissertation. In addition, students should plan to attend or present their research at well-known academic conferences such as the Northern Finance Association, the Financial Management Association, the American Finance Association and the Western Finance Association. They may also be asked to help review manuscripts and journal articles by editors and associate editors.

Students are required to teach one finance course before they go on the job market. This will help students to accumulate teaching experience which is an important ability to acquire in order to have a successful academic career.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 60 months
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Doctoral students must complete the following components of the PhD program:

  • Core Courses (finance seminars, microeconomic and macroeconomic theories and econometrics)
  • Summer Research Papers
  • Comprehensive Examination
  • Dissertation
  • Courses:

    Year 1

    • Seminar In Asset Pricing 
    • Seminar In Corporate Finance 
    • Topics In Finance 
    •  Microeconomics Theory 
    • Advanced Econometric Theory I 
    • Advanced Econometric Theory 

    Year 2

    • Topics in Macroeconomic Theory

    English Language Requirements

    • Minimum required score:

      7.5

      The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

      Schedule IELTS
    • Minimum required score:

      100

      The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

      Schedule TOEFL®

    General Requirements

    • A master’s degree from a recognized university with a minimum B average in the last two full years (or equivalent) of academic work.
    • Proof of English language proficiency if studies were not completed in English.
    • GMAT or GRE
    • Research Experience
    • Completion of the online application

    Tuition Fee

    • International

      12520 CAD/year
      Tuition Fee
      Based on the original amount of 6260 CAD per semester and a duration of 60 months.
    • National

      3708 CAD/year
      Tuition Fee
      Based on the original amount of 1854 CAD per semester and a duration of 60 months.
    We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

    Living costs for Toronto

    • 1502 - 2570 CAD/month
      Living Costs

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

    Funding

    Students entering Schulich's PhD program may expect to receive $25,000 in the first year. This amount is renewable in years two through five, provided that the student maintains full-time status and demonstrates satisfactory progress in the program. If a student defends his/her dissertation proposal before September 15 in his/her fourth year, he/she is eligible to receive an additional $2000 in year four. Funding in years one through three is tied to a research assistantship. Details are available from the PhD program.In addition, a limited number of International Student Fellowships for international students may be available in years one through five. This funding will be applied directly to tuition fees. Schulich PhD students who are Canadian citizens or landed immigrants may apply for the Royal Bank’s Student Line-of-Credit Program. If you are interested in the RBC loan program, please contact the financial aid office for more details.If you come to Canada as an international student you will need a “student permit” please visit the International Relations website for information on study permit, VISA and options for working on and off campus.

    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.

    The Global Study Awards: get funded with up to £10,000 to study abroad

    Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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