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Finance, Ph.D.

  • Application Deadline
  • 24 months
    Duration
University rank #8 (WUR) , CT,
The PhD specialization in finance is designed to give the student a strong background for study and research in both theoretical and empirical work in finance and related areas. 

About

  • Financial economics encompasses a broad area of topics and issues, including corporate investments and financing policy, security valuation, portfolio management, the behavior of prices in speculative markets, financial institutions, and intermediation.
  • The program offers two courses specifically in financial theory and its applications. In addition, the faculty and doctoral students attend a seminar that features speakers from around the country. However, the specialization is built primarily around individual study and research under the guidance of the faculty.
Examples of potential areas of research for the financial economics dissertation:
  • Principal-agent relationships
  • Financial intermediation
  • Efficiency of markets
  • Portfolio selection

Accreditation

Every ten years Yale undertakes a comprehensive and wide–ranging self–study as part of our reaccreditation by the New England Association of Schools and Colleges (NEASC) Commission on Institutions of Higher Education (CIHE). This process culminates in evaluation by a visiting team of faculty and administrators from peer institutions. After their visit, the visiting team chair prepares a report for the University and the NEASC CIHE, and the Commission meets with the Yale president and a representative of the team to discuss the report and Yale’s response to it. The decennial process concludes with a letter of reaccreditation from the CIHE. The most recent self–study and related information can be found on the 2009 Yale NEASC Reaccreditation site. The purpose of this process is to assure quality and to foster improvement. See FAQs for more details about the process. The next comprehensive review will be in 2019 and Yale will submit a fifth–year interim report in 2014.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Courses include:

  • Financial Economics I
  • Financial Economics II
  • Corporate Finance & Market Microstructure
  • Empirical Workshop in Accounting & Financial Economics
  • Topics in Empirical Asset Pricing
  • Stochastic Processes

English Language Requirements

  • Minimum required score:

    7

    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

  • Applications are considered only once per year, and all new students begin their doctoral studies in the fall term. 
  • Classes are not offered on evenings or weekends, nor is it possible to be a student in the program while holding a full-time job. 
  • Applicants are required to take either the GRE or GMAT test.

Tuition Fee

  • International

    93756 USD/year
    Tuition Fee
    Based on the original amount of 187500 USD for the full programme and a duration of 24 months.
  • National

    93756 USD/year
    Tuition Fee
    Based on the original amount of 187500 USD for the full programme and a duration of 24 months.
  • In-State

    93756 USD/year
    Tuition Fee
    Based on the original amount of 187500 USD for the full programme and a duration of 24 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 New Haven

  • 1380 - 2110 USD/month
    Living Costs

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

Funding

All students admitted to the program are given full financial aid for five years as long as they continue to satisfy the program's academic requirements. The aid consists of a tuition waiver and a stipend that is comparable to stipends offered by other leading Schools of Management.

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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