Ph.D. On Campus


University of Illinois at Urbana Champaign

48 months
Tuition fee
Apply date
Start date


The research emphasis for our Finance PhD program at University of Illinois at Urbana Champaign is built on a close collaboration between faculty and students, stemming from the fact that we keep total enrollment around 15 students.


During a typical week, the Finance Department from University of Illinois at Urbana Champaign hosts three seminars: two when faculty from other universities present research and the other when the Department’s PhD students and faculty present their work in progress. 

Key Features 

  • This lively research environment leads to active, intellectual discussions and is a major factor behind the Department’s prolific research output. Not only do we excel at research, but our faculty and doctoral students win more than their share of teaching awards.
  • Your success will stem from an academic program that first immerses the student in rigorous financial training. Small class sizes equate to close collaboration in the classroom. This consistently produces opportunities to co-author on leading-edge research published in the top finance and economics journals.


Illinois has tremendous breadth and depth in academics, with more than 150 undergraduate and more than 100 graduate and professional programs. A preeminent faculty propels many academic programs to be ranked among the best in the world. This emphasis on campuswide academic excellence has built Illinois' reputation as one of the nation's premier public universities.

Programme Structure

  • The coursework typically requires up to two years, consisting of economics, econometrics, and finance. Students interested in insurance or real estate also take courses in these areas. 
  • Depending upon their interests, some students take courses in other fields (e.g., mathematics). Students with excellent preparation may be able to complete the course requirements in less than two years.

Key information


  • Full-time
    • 48 months

Start dates & application deadlines




On Campus

Academic requirements

GPA admission requirements GPA
GRE admission requirements GRE®
160 (quantitative)
GMAT admission requirements GMAT
700 (recommended)

English requirements

We are not aware of any English requirements for this programme.

Other requirements

General requirements

  • Completion of a baccalaureate degree from an accredited U.S. institution or its equivalent from a university in another country.
  • The minimum acceptable grade point average for admission is a 3.0 average (A = 4.0) in the last 60 hours of undergraduate coursework and in all graduate coursework.
  • Acceptable scores on the verbal and quantitative sections of the Graduate Management Admission Test (GMAT). While there is no required minimum score, the average score of students admitted in recent years is over 700. The Graduate Record Examination (GRE), with an average quantitative score being 160, is accepted as a substitute for the GMAT. GRE scores are reported electronically by the Electronic Testing Service (ETS).  
  • Certain international applicants are exempt from the TOEFL requirement. Please see English Proficiency Requirements for details.

Tuition Fee

Living costs for Urbana

1100 - 1500 USD /month
Living costs

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.

Fresh content

Updated in the last year

Check the official programme website for potential updates.

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University of Illinois at Urbana Champaign


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