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Business Administration - Finance, Ph.D.

  • Application Deadline
  • 60 months
University rank #28 (QS) , CA,
In the last decade, the academic study of finance has experienced an infusion of new concepts and quantitative methodologies that places it among the most sophisticated and dynamic areas of business and economics.


  • New developments in the traditional areas of finance-theory of rational investor portfolio choice, interpretation and determination of security prices, efficient corporate decision-making-have been approached from the perspective of a single integrating paradigm derived from economic theory. 
  • This has led to extensive joint teaching and research between the finance, applied economics, and accounting faculties at Berkeley. Academic contributions are having profound effects on financial practice.
  • A Haas PhD student interested in finance needs a strong course background in mathematics and statistics.
  • Students also attend frequent seminars to gain exposure to ongoing research, with speakers featured from other universities throughout the world. These seminars provide a forum for doctoral students to assess the relevance of academic research in their fields.

Detailed Programme Facts

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

Programme Structure

Courses include:

  • Mathematical Tools for Economics
  • Economic Theory 
  • Econometrics
  • Asset Pricing Theory 
  • Macroeconomics
  • Corporate Finance 
  •  Empirical Asset Pricing
  • Empirical Corporate Finance

English Language Requirements

  • Minimum required score:


    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:


    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®
  • Minimum required score:


    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

    Schedule TOEFL®

General Requirements

    A complete application includes the following fields:
    • Academic History/ Transcripts 
    • Grades 
    • Three Letters of Recommendation 
    • Test Scores 
    • Evidence of English Language Proficiency 
    • Statement of Purpose 
    • Personal History Statement

              Tuition Fee

              • International

                33958 USD/year
                Tuition Fee
                Based on the original amount of 16979 USD per semester and a duration of 60 months.
              • National

                33958 USD/year
                Tuition Fee
                Based on the original amount of 16979 USD per semester and a duration of 60 months.
              • In-State

                18856 USD/year
                Tuition Fee
                Based on the original amount of 9428 USD 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 Berkeley

              • 1750 - 2820 USD/month
                Living Costs

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


              In conjunction with the regular financial aid programs of the university, the Haas School of Business does its best to provide financial assistance to deserving PhD students. This usually takes the form of a financial aid package over four years of study at Berkeley and includes stipends, grants, fellowships, and other awards, plus tuition and fees. All financial aid is based on the satisfactory academic progress of the student. Students are automatically considered for departmental aid when they submit their application for admission and are notified about their award when they are accepted into the program.

              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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