phd finance usa rankings

Doctor of Finance Programs in America

1-17 of 17 results

Wharton School

Philadelphia, PA •

University of Pennsylvania •

Graduate School

• • Rating 4.67 out of 5   15 reviews

Master's Student: Intensive but interesting. Great people, but professor quality varied. Lectures tend to be very interesting, but are high level in some cases. Coming from an engineering background, this felt "easy", but it is a different type of learning- more focused on the concepts than proving theories and underlying complexities. TAs are great and there is a lot of effort put towards making students understand the material. Since there isn't a sink or swim culture, I think it incentivizes learning for the sake of learning rather than curving to a "B". Professors are very friendly and actually enjoy getting to know their students. ... Read 15 reviews

University of Pennsylvania ,

Graduate School ,

PHILADELPHIA, PA ,

15 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says Intensive but interesting. Great people, but professor quality varied. Lectures tend to be very interesting, but are high level in some cases. Coming from an engineering background, this felt "easy",... Professors are very friendly and actually enjoy getting to know their students. .

Read 15 reviews.

Kellogg School of Management

Evanston, IL •

Northwestern University •

• • Rating 4.82 out of 5   17 reviews

Master's Student: Kellogg's MBA program at Northwestern University stands out for its collaborative environment, rigorous curriculum, and emphasis on experiential learning. With a focus on teamwork and diverse perspectives, students engage in group projects and case competitions to develop essential leadership skills. The curriculum offers customization options through electives and experiential opportunities, including internships and global immersion trips. Kellogg's strong alumni network and industry connections provide valuable career support, ensuring students are well-prepared for success in their chosen fields. Overall, Kellogg offers a dynamic and immersive MBA experience that equips students to excel as future business leaders. ... Read 17 reviews

Northwestern University ,

EVANSTON, IL ,

17 Niche users give it an average review of 4.8 stars.

Featured Review: Master's Student says Kellogg's MBA program at Northwestern University stands out for its collaborative environment, rigorous curriculum, and emphasis on experiential learning. With a focus on teamwork and diverse... .

Read 17 reviews.

Tepper School of Business

Pittsburgh, PA •

Carnegie Mellon University •

• • Rating 4.73 out of 5   11 reviews

Master's Student: Embarking on Carnegie Mellon's Master in Business Analytics promises unparalleled growth. Its esteemed reputation in academia assures an intellectually stimulating environment, fostering collaboration and innovation. The meticulously crafted curriculum equips students with advanced analytical skills and a deep understanding of business dynamics. Beyond coursework, experiential learning opportunities abound, from hackathons to industry partnerships. Moreover, the vibrant community fosters inclusivity and camaraderie, enriching the overall experience. With each lecture and interaction, I anticipate expanding my knowledge, honing my skills, and becoming a catalyst for positive change. Carnegie Mellon's program is not just an education; it's a transformative journey toward personal and professional excellence. ... Read 11 reviews

Blue checkmark.

Carnegie Mellon University ,

PITTSBURGH, PA ,

11 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says Embarking on Carnegie Mellon's Master in Business Analytics promises unparalleled growth. Its esteemed reputation in academia assures an intellectually stimulating environment, fostering... .

Read 11 reviews.

Leonard N. Stern School of Business

New York, NY •

New York University •

• • Rating 4.82 out of 5   28 reviews

Master's Student: As a part-time MBA candidate at NYU Stern, I'm deeply impressed by the program's blend of academic rigor and practical application. The faculty, industry leaders in their own right, provide invaluable insights, fostering a rich learning environment. The diversity among my peers enhances our discussions, offering varied perspectives on business challenges. Stern's location in NYC is ideal for networking and accessing career opportunities, which is crucial for a working professional like me. The flexibility of evening and weekend classes allows me to balance my professional and academic commitments effectively. Stern equips students with advanced business knowledge and fosters personal and professional growth, making it an exceptional choice for anyone aspiring to excel in the business world. ... Read 28 reviews

New York University ,

NEW YORK, NY ,

28 Niche users give it an average review of 4.8 stars.

Featured Review: Master's Student says As a part-time MBA candidate at NYU Stern, I'm deeply impressed by the program's blend of academic rigor and practical application. The faculty, industry leaders in their own right, provide... .

Read 28 reviews.

Carroll School of Management

Chestnut Hill, MA •

Boston College •

• • Rating 5 out of 5   2 reviews

Master's Student: I am currently enrolled in the part time, professional evening MBA program. So far it has brought me to communicate with like minded individuals and the professors truly want to see you succeed so they will go out of their way to connect with you and help you. ... Read 2 reviews

Boston College ,

CHESTNUT HILL, MA ,

2 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says I am currently enrolled in the part time, professional evening MBA program. So far it has brought me to communicate with like minded individuals and the professors truly want to see you succeed so... .

Read 2 reviews.

McCombs School of Business

Austin, TX •

University of Texas - Austin •

• • Rating 4.67 out of 5   12 reviews

Master's Student: Being in the accounting program at UT Austin has been a remarkable opportunity for me. The best part of being an accounting major at McCombs is the diverse set of classes that students can utilize to explore different interests within business and broaden their career opportunities. The worst part of being at McCombs is the competitive environment, although it incentivizes students to work harder, it can be mentally draining to constantly try to outperform one's peers. ... Read 12 reviews

University of Texas - Austin ,

AUSTIN, TX ,

12 Niche users give it an average review of 4.7 stars.

Featured Review: Master's Student says Being in the accounting program at UT Austin has been a remarkable opportunity for me. The best part of being an accounting major at McCombs is the diverse set of classes that students can utilize to... .

Read 12 reviews.

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Mays Business School

College Station, TX •

Texas A&M University •

• • Rating 2 out of 5   3 reviews

Graduate Student: Im starting in the summer and my experience has been great. I will be entering as an MD/MBA student starting with the MBA. ... Read 3 reviews

Texas A&M University ,

COLLEGE STATION, TX ,

3 Niche users give it an average review of 2 stars.

Featured Review: Graduate Student says Im starting in the summer and my experience has been great. I will be entering as an MD/MBA student starting with the MBA. .

Read 3 reviews.

Eli Broad College of Business

East Lansing, MI •

Michigan State University •

• • Rating 5 out of 5   1 review

Current Master's student: The program has exelcent professors and organization which is appreciated since I am attending the EMBA program and do not want to waste time. ... Read 1 review

Michigan State University ,

EAST LANSING, MI ,

1 Niche users give it an average review of 5 stars.

Featured Review: Current Master's student says The program has exelcent professors and organization which is appreciated since I am attending the EMBA program and do not want to waste time. .

Read 1 reviews.

Culverhouse College of Business

Tuscaloosa, AL •

The University of Alabama •

The University of Alabama ,

TUSCALOOSA, AL ,

University of Connecticut School of Business

Storrs, CT •

University of Connecticut •

• • Rating 4.75 out of 5   8 reviews

Master's Student: I like the diversity of students - ethnicities, work backgrounds, ages, and life experiences. I also love the strong reputation that UConn has. ... Read 8 reviews

University of Connecticut ,

STORRS, CT ,

8 Niche users give it an average review of 4.8 stars.

Featured Review: Master's Student says I like the diversity of students - ethnicities, work backgrounds, ages, and life experiences. I also love the strong reputation that UConn has. .

Read 8 reviews.

Charles H. Lundquist College of Business

Eugene, OR •

University of Oregon •

• • Rating 5 out of 5   6 reviews

Master's Student: This is my first year, but all the information I have received and the "pre classes" I have attended have been excellent. ... Read 6 reviews

University of Oregon ,

EUGENE, OR ,

6 Niche users give it an average review of 5 stars.

Featured Review: Master's Student says This is my first year, but all the information I have received and the "pre classes" I have attended have been excellent. .

Read 6 reviews.

Louisiana State University - College of Science

Baton Rouge, LA •

Louisiana State University •

Louisiana State University ,

BATON ROUGE, LA ,

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J. Mack Robinson College of Business

Atlanta, GA •

Georgia State University •

• • Rating 3.5 out of 5   6 reviews

Master's Student: I am a student at Robinson college of business at Georgia State University. The courses are excellent and provide you with a great opportunity to enhance your knowledge. Most of the professors at RCB are good, and they use multiple ways to evaluate students. ... Read 6 reviews

Georgia State University ,

ATLANTA, GA ,

6 Niche users give it an average review of 3.5 stars.

Featured Review: Master's Student says I am a student at Robinson college of business at Georgia State University. The courses are excellent and provide you with a great opportunity to enhance your knowledge. Most of the professors at RCB... .

College of Business - University of Texas - San Antonio

San Antonio, TX •

University of Texas - San Antonio •

Master's Student: I first attended UTSA in 2007 and graduated with my bachelors in 2009. My education opened up opportunities for me in the healthcare field. While at UTSA I felt the environment was conducive to learning and there were resources available to me to help me succeed. I've worked my way through school as an undergraduate and will do so as a graduate student. UTSA has classes available to fit my schedule and it is affordable. I hope attending graduate school will open up new opportunities for me and help me to fulfil my dreams of becoming a hospital executive. ... Read 1 review

University of Texas - San Antonio ,

SAN ANTONIO, TX ,

Featured Review: Master's Student says I first attended UTSA in 2007 and graduated with my bachelors in 2009. My education opened up opportunities for me in the healthcare field. While at UTSA I felt the environment was conducive to... .

Falls School of Business

Anderson, IN •

Anderson University - Indiana •

Anderson University - Indiana ,

ANDERSON, IN ,

Capella University

Minneapolis, MN •

• • Rating 4.61 out of 5   973 reviews

Doctoral Student: Capella University offers comprehensive online programs for adult learners, focusing on academic excellence and practical skills. The university's flexible learning environment enables students to juggle their studies with work and family obligations. Students are prepared by the university's emphasis on practical skills and real-world applications. The faculty is supportive and responsive, and Capella's innovative use of technology provides an interactive learning experience. As a leader in online education, I believe it's an excellent choice for those balancing education with their lifestyle. I started at Capella University when I decided to further my education and change my field from pharmacy technician to healthcare administrator. I finished my bachelor's and master's of healthcare administration from Capella University. I am so happy with my achievements and would like to pursue my doctoral degree in healthcare administration to advance in my job. ... Read 973 reviews

MINNEAPOLIS, MN ,

973 Niche users give it an average review of 4.6 stars.

Featured Review: Doctoral Student says Capella University offers comprehensive online programs for adult learners, focusing on academic excellence and practical skills. The university's flexible learning environment enables students to... .

Read 973 reviews.

Inter American University of Puerto Rico

San Juan, PR •

• • Rating 4.6 out of 5   5 reviews

Doctoral Student: I am grateful that I have professors working hard every day to make the experience of online classes, less tedious and more active and entertaining. Therefore, it helps me go through classes more smoothly and more openminded about the current situation we are all going through right now. I honestly cant be more grateful about my professors work and resilience. They are a very good example for us all. ... Read 5 reviews

SAN JUAN, PR ,

5 Niche users give it an average review of 4.6 stars.

Featured Review: Doctoral Student says I am grateful that I have professors working hard every day to make the experience of online classes, less tedious and more active and entertaining. Therefore, it helps me go through classes more... .

Read 5 reviews.

Showing results 1 through 17 of 17

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The 10 Best PhD Programs in Finance

In essence, finance is the study of economics and the claims on resources. The best PhD programs in finance help you develop professionally so you can make difficult decisions around fund allocation, financial planning, and corporate financial management. This qualification will also equip you for a career in teaching or research at top universities.

Which of the 10 best finance PhDs is best for you?

Read on to learn everything you need to know.

Table of Contents

Why Get a Doctorate in Finance?

According to the Bureau of Labor Statistics (BLS), finance managerial professionals have an average salary of $131,710  per year, and jobs are estimated to grow by 17%  from 2020 to 2030. This is much more than the average across all occupations. With a PhD in finance, you may work as a finance manager or even become a CEO of a large corporation.

Jobs and Salaries for Doctors of Finance

After earning a PhD in finance, you can find well-paid jobs as a professor or in various corporate finance roles.

Here are some of the most common finance professions with the average annual salaries for each:

• Financial Manager ( $96,255 )
• Financial Analyst ( $63,295 )
• Finance Professor ( $73,776 )
• Chief Financial Officer ( $140,694 )
• Investment Analyst ( $67,730 )

Read More:   The Highest Paying PhD Programs

What’s the average cost of a phd program in finance.

The tuition for a PhD in finance can vary depending on the university, with public institutions generally being much more affordable than private ones.

Across all schools, the average tuition is around $30,000 per year.

However, on top of this, you need to factor in other expenses, which could add up to another $30,000 a year. Some top universities offer full funding, including tuition and a stipend for all students who are successfully admitted to the program.

Read Next: The Average Cost of a Master’s Degree in Finance

Top finance phd programs and schools, stanford university, graduate school of business.

PhD in Finance

Stanford University is one of the most prestigious business schools in the world. Its PhD in finance programs has an emphasis on theoretical modeling and empirical testing of financial and economic principles.

• Courses include: Financial markets, empirical asset pricing, macroeconomics, and financial markets.
• Duration: 5 years
• Tuition : Full funding
• Financial aid: Research & teaching assistantship, grants, outside employment, and outside support.
• Delivery: On-campus
• Acceptance rate: 5%
• Location: Stanford, California

The University of Pennsylvania, The Wharton School

The University of Pennsylvania’s renowned Wharton School of Business is home to faculty who are well-known in the field of business research. The school boasts a low student-faculty ratio in an atmosphere that allows you to work with faculty members as peers. This doctor of finance program emphasizes subjects like asset pricing, corporate finance, and portfolio management. This helps students become experts in research and teaching in these areas.

• Courses include: Topics in asset pricing, financial economics, and international finance.
• Credits: 18 courses
• Financial aid: Fellowships, grants, student employment, health insurance, stipend, and loans.
• Acceptance rate: 9%
• Location: Philadelphia, Pennsylvania

The University of Chicago, Booth School of Business

Booth School of Business is a major center for finance education because its faculty includes Eugene F. Fama, Nobel laureate and the father of modern empirical finance. This finance doctoral degree has an option for a joint PhD in collaboration with the university’s economics department.

• Courses: Financial economics, financial markets in the macroeconomy, and behavioral finance.
• Tuition : Refer tuition page
• Financial aid: Grants, stipends, health insurance, scholarships, fellowships, teaching assistantships, research assistantships, and loans.
• Acceptance rate: 7%
• Location: Chicago, Illinois

The University of Illinois at Urbana-Champaign, Gies College of Business

The University of Illinois at Urbana Champaign is one of the best places for studying and conducting research in finance. Its finance research faculty was ranked #4  in the UTD Top 100 Business School Research Rankings between 2016-2019. In this PhD in finance program, students can take the qualifying examination at the end of the first year and, if successful. They’ll be able to start their research project earlier and complete the degree sooner.

• Courses include: Empirical analysis in finance, corporate finance, and statistics & probability.
• Duration: 4-5 years
• Financial aid: Full tuition waiver, stipends, scholarships, grants, student employment, and loans.
• Acceptance rate: 63%
• Location: Champaign, Illinois

Massachusetts Institute of Technology, Sloan School of Management

The Sloan School is one of the top research centers in the world, which aims to transform students into experts who can handle real-world problems in a wide range of spheres, from business and healthcare to climate change. This PhD program in finance gives students the flexibility to choose between a wide range of electives and even study some courses at Harvard.

• Courses include: Current research in financial economics, statistics/applied econometrics, and corporate finance.
• Duration: 6 years
• Financial aid: Full tuition, stipend, teaching assistantships, research assistantships, health insurance, fellowships, scholarships, and loans.
• Location: Cambridge, Massachusetts

Northwestern University, Kellogg School of Management

The Kellogg School of Management allows students to conduct independent research under the supervision of faculty who’ve made significant contributions to the field and have earned numerous prestigious awards. This doctorate of finance program’s admission process has a dual application option. You can also apply to the Economics PhD simultaneously, so if you are not selected for the finance program, you may be considered for economics.

• Courses include: Econometrics, corporate finance, and asset pricing.
• Duration: 5.5 years
• Financial aid: Tuition scholarship, stipends, health insurance, moving allowance, and subsidies.
• Location: Evanston, Illinois

The University of California Berkeley, Haas School of Business

The Haas School of Business in Berkeley is an innovative institution that questions the status quo, takes intelligent risks, and accepts sensible failures in its path to progress. This finance PhD program offers students opportunities to learn about cutting-edge research from faculty from around the world.

• Courses include: Corporate finance theory, stochastic calculus, and applications of psychology & economics.
• Tuition : Refer cost page
• Financial aid: Fellowships, grants, tuition allowance, stipends, teaching assistantships, and research assistantships.
• Acceptance rate: 17%
• Location: Berkeley, California

The University of Texas at San Antonio, Alvarez College of Business

The Alvarez College of Business is one of the forty largest business schools in the USA. It follows a comprehensive and practical approach to education that allows students to apply the knowledge they gain directly in the workplace. This PhD in finance encourages students to do collaborative research with the faculty, which helps them publish their own academic papers before they even complete the program.

• Courses include: Corporate finance, international financial markets, and microeconomic theory.
• Credits: 84 (post-bachelors)
• Financial aid: Scholarships, grants, work-study, teaching assistantships, research assistantships, research fellowships, and loans.
• Acceptance rate: 84%
• Location: San Antonio, Texas

Liberty University, School of Business

Doctor of Business Administration (DBA) in Finance

Liberty University is a non-profit institution among the top five online schools in the USA and has been offering fixed tuition fees for the past seven years. This is one of the best PhD in Finance programs you can do completely online. It aims to prepare students to address issues in business finance through research, best practices, and relevant literature.

• Courses: Managerial Finance, Investments & Derivatives, Business Valuation, etc.
• Credits: 60
• Duration: 3 years average
• Tuition : $595 per credit
• Financial aid: Grants, scholarships, work-study, veteran benefits, and loans.
• Delivery: Online
• Acceptance rate: 50%
• Location: Lynchburg, Virginia

Northcentral University

PhD in Business Administration (PhD-BA) – Finance Management

Northcentral University was founded with the objective of offering flexible, fully-online programs to working professionals around the world. This doctorate degree in finance online is flexible and allows you to design your own schedule. You will also get one-on-one personal mentoring from qualified faculty.

• Courses include: Business financial systems, business statistics, and business leadership & strategy.
• Duration: 84 months average
• Tuition: $1,105 per credit
• Financial aid: Grants, scholarships, and military scholarships.
• Acceptance rate: NA
• Location: Scottsdale, Arizona

Things To Consider When Choosing a Finance PhD Program

The right PhD program for you is a very personal decision and will depend on several individual factors.

However, these general questions will help you to make the right choice:

• Is the university properly accredited?
• Does the university conduct innovative and cutting-edge research?
• Are there renowned faculty members who you’ll want to work with?
• Do they offer subjects or specializations that match your career goals?
• What is the school’s placement history?
• What are the tuition fees, costs, and options for scholarships and financial aid?
• Does the program offer online study options?

It’s also important to consider if you want to pursue a career in academia or work in organizations as a senior finance professional. A PhD degree will generally set you up for a career in research or academia, while a DBA is more suited to a career in business or government.

Preparing for a Finance Doctorate Program

It’s important to start preparing early if you want to be selected for one of the best finance PhD programs.

These handy tips can help you put your best foot forward:

• Research the requirements of the best universities offering PhD in finance degrees, including pre-requisite subjects and qualifying grades. Keep these in mind when completing your bachelor’s or master’s degree.
• Understand your strengths and weaknesses in relation to the program’s requirements. Work on your weaknesses and continue to hone relevant skills.
• Read extensively in the field and keep up-to-date on regional and global developments.
• Join communities of finance professionals to build your network and be exposed to the latest knowledge in the discipline.

Skills You Gain from Earning a PhD in Finance

The most important skills you learn as a doctor of finance include:

• Communication skills, including writing and presentation skills
• Data analytical skills
• Economics and accounting skills
• Critical thinking skills
• Mathematical skills
• Analytical software skills
• Management and leadership skills
• Problem-solving skills

PhD Programs in Finance FAQs

How long does a phd in finance take.

PhD programs in finance usually take between three and eight years to complete.

Is It Worth Getting a PhD in Finance?

A PhD in Finance is a qualification that’s in high demand today. It is a terminal degree and can help you get top-level jobs with lucrative salaries in corporate or large organizations.

How Much Can You Make With a PhD in Finance?

With a finance doctorate, you can expect to earn a salary anywhere from around $45,000 to $150,000, depending on your experience, role, and the organization you work for. According to the BLS, the average salary for finance PhD holders is $131,710 .

What Do You Need To Get a PhD in Finance?

The admissions requirements vary depending on the program, but you’ll typically need a bachelor’s or master’s degree in finance. The programs can take three to eight years of coursework and research.

To apply, you’ll usually need to submit:

• Application
• Academic resume
• Academic transcripts
• Recommendation letters
• GRE or GMAT score
• Personal essay

Final Thoughts

With a doctorate in finance, you can build a rewarding career in academia, research, or the business sector. Like any doctorate, these programs ask for dedication and hard work. By planning early, you’ll set yourself up to pursue one of the best PhD programs in finance.

For more on how to build your career in the field, take a look at our guides to the best master’s degree in finance , the highest paying PhDs , and fully-funded PhD programs .

Lisa Marlin

Lisa is a full-time writer specializing in career advice, further education, and personal development. She works from all over the world, and when not writing you'll find her hiking, practicing yoga, or enjoying a glass of Malbec.

• Lisa Marlin https://blog.thegradcafe.com/author/lisa-marlin/ ACBSP Vs AACSB: Which Business Program Accreditations is Better?
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About / Departments

Finance Department | PhD Program

Phd program.

Our faculty, ranked #1 worldwide based on publications in top finance journals (ASU Finance Rankings), consists of more than 30 researchers who study all major areas of finance, making it one of the largest finance faculty in the country. Stern’s finance faculty is highly rated in terms of research output, and faculty members sit on the editorial boards of all major finance journals.

The finance department offers an exceptionally large range of courses devoted exclusively to PhD students. Apart from core PhD courses in asset pricing and corporate finance, students can choose from a range of electives such as household finance, macro-finance, and financial intermediation. PhD students also enjoy the benefits of Stern’s economics department, NYU’s economics department in the Graduate School of Arts and Science (GSAS), and the Courant Institute of Mathematics.

Graduates of Stern’s Finance PhD program have been placed at leading research institutions such as Harvard, MIT, Chicago, Stanford, Wharton, Yale, and UCLA.

Holger Mueller , Finance PhD coordinator

More information on the Finance PhD

Download the Finance PhD poster (PDF)

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PhD Program

• Program of Study

Wharton’s PhD program in Finance provides students with a solid foundation in the theoretical and empirical tools of modern finance, drawing heavily on the discipline of economics.

The department prepares students for careers in research and teaching at the world’s leading academic institutions, focusing on Asset Pricing and Portfolio Management, Corporate Finance, International Finance, Financial Institutions and Macroeconomics.

Wharton’s Finance faculty, widely recognized as the finest in the world, has been at the forefront of several areas of research. For example, members of the faculty have led modern innovations in theories of portfolio choice and savings behavior, which have significantly impacted the asset pricing techniques used by researchers, practitioners, and policymakers. Another example is the contribution by faculty members to the analysis of financial institutions and markets, which is fundamental to our understanding of the trade-offs between economic systems and their implications for financial fragility and crises.

Faculty research, both empirical and theoretical, includes such areas as:

• Structure of financial markets
• Formation and behavior of financial asset prices
• Banking and monetary systems
• Corporate control and capital structure
• Saving and capital formation
• International financial markets

Candidates with undergraduate training in economics, mathematics, engineering, statistics, and other quantitative disciplines have an ideal background for doctoral studies in this field.

Effective 2023, The Wharton Finance PhD Program is now STEM certified.

• Course Descriptions
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• Meet our PhD Students
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Ph.D. in Finance

Program information.

At the University of Kansas, finance doctoral students are trained to teach at the university level, to do research that is publishable in top academic journals, and to analyze questions that are important to government agencies and the private sector. Successful students develop close working relationships with the KU finance faculty, both in the classroom and on co-authored research. Many of our students publish their first research study before finishing the program, and most students accept jobs at universities rated “high” or “very high” in research activity by the Carnegie Foundation.

We emphasize rigorous training and hands-on experience. Five semesters of coursework include a firm grounding in economic theory, thorough training in statistics and econometrics, and an immersion in the most important research studies in corporate finance, investments and financial institutions.

Application deadlines

Priority: December 15, 2023

Final: January 10, 2024

• Application requirements

Students begin their own research during the first year of the program and present their first research seminar early in the second year of the program. Many of our students publish their first research study before finishing the program, and most students accept jobs at universities rated “high” or “very high” in research activity by the Carnegie Foundation.

We emphasize rigorous training and hands-on experience. Successful students develop close working relationships with the KU finance faculty, both in the classroom and on co-authored research. Students typically teach three undergraduate finance classes before graduating.

Program details

Core courses, statistical methods.

BSAN 920: Probability for Business Research OR MATH 727: Probability Theory

BSAN 921: Statistics for Business Research OR MATH 728: Statistical Theory

BSAN 922: Advanced Regression

ECON 800: Optimization Techniques I

ECON 801: Microeconomics I

ECON 802: Microeconomics II

BE 917: Advanced Managerial Economics

Concentration courses

FIN 901: Current Research in Finance

FIN 937: Seminar in Business Finance

FIN 938: Seminar in Investments

FIN 939: Seminar in Financial Institutions

Supporting courses

ECON 817: Econometrics I

ECON 818: Econometrics II

One of the three sequences below

Sequence 1: Minor in Research Methods

ECON 715: Elementary Econometrics

Advanced elective research methods course

Sequence 2: Minor in Research Methods and Financial Accounting

ACCT 928: Introduction to Accounting Research

ACCT 932: Seminar in Financial Accounting Research I

Sequence 3: Minor in Research Methods and Applied Economics

ECON 770: Economics of the Labor Market

ECON 870: Applied Microeconomics

For more information, view a detailed list of courses in the academic catalog.

A course that is not being offered within a reasonable timeframe, or a course in which a student can demonstrate competence my be, with the approval of the area group and the Ph.D. Team, replaced with another course.

Area-specific core requirements may by changed subject to the approval of the area group and the Ph.D. Team.

A minimum of 15 courses, plus BUS 902 and BUS 903 are required for completion of the degree.

Courses recommended for preparation for the qualifier assessment may not be included in the concentration or minor areas.

• Summer research
• Pass the Finance Qualifier Assessment
• Present first-year research paper
• Teach an undergraduate finance class
• Pass the Finance Comprehensive Exam
• Present second-year research paper
• Present your dissertation proposal
• Defend your dissertation proposal

Program faculty

• Associate Dean, Undergraduate Programs
• Anderson Chandler Professor
• School of Business Administration
• Dean's Office
• Finance Academic Area

• Assistant Professor
• Finance academic area

• Koch Professor in Business Economics

• Koch Distinguished Professor in Business Economics
• Harold Otto Chair of Economics

• Area Director, Finance
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Chicago Booth has long been recognized for its PhD in finance. Our finance faculty—which includes Nobel laureates Douglas W. Diamond, Eugene F. Fama, and Lars P. Hansen—sets the course for research in all areas of the field.

As a finance PhD student at Chicago Booth, you’ll join a community that encourages you to think independently.

Taking courses at Booth and in the university’s Kenneth C. Griffin Department of Economics, you will gain a solid foundation in all aspects of economics and finance--from the factors that determine asset prices to how firms and individuals make financial decisions. Following your coursework, you will develop your research in close collaboration with faculty and your fellow students. Reading groups and workshops with faculty, student-led brown-bag seminars, and conferences provide many opportunities to learn from others.

The Finance PhD Program also offers the Joint Program in Financial Economics , which is run by Chicago Booth and the Department of Economics in the Division of the Social Sciences at the University of Chicago.

Our Distinguished Finance Faculty

Chicago Booth finance faculty are leading researchers who also build strong relationships with doctoral students, collaborate on new ideas, and connect students with powerful career opportunities.

Francesca Bastianello

Assistant Professor of Finance and Liew Family Junior Faculty Fellow, Fama Faculty Fellow

Emanuele Colonnelli

Associate Professor of Finance and MV Advisors Faculty Fellow

George M. Constantinides

Leo Melamed Professor of Finance

Douglas W. Diamond

Merton H. Miller Distinguished Service Professor of Finance

Eugene F. Fama

Robert R. McCormick Distinguished Service Professor of Finance

Niels Gormsen

Neubauer Family Associate Professor of Finance and Fama Faculty Fellow

Lars Hansen

David Rockefeller Distinguished Service Professor The University of Chicago Departments of Economics, Statistics and the Booth School of Business

John C. Heaton

Joseph L. Gidwitz Professor of Finance

Steven Neil Kaplan

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance and Kessenich E.P. Faculty Director at the Polsky Center for Entrepreneurship and Innovation

Anil Kashyap

Stevens Distinguished Service Professor of Economics and Finance

Ralph S.J. Koijen

AQR Capital Management Distinguished Service Professor of Finance and Fama Faculty Fellow

Associate Professor of Finance and Fama Faculty Fellow

Stefan Nagel

Fama Family Distinguished Service Professor of Finance

Scott Nelson

Assistant Professor of Finance and Cohen and Keenoy Faculty Scholar

Pascal Noel

Neubauer Family Associate Professor of Finance and Kathryn and Grant Swick Faculty Scholar

Lubos Pastor

Charles P. McQuaid Distinguished Service Professor of Finance and Robert King Steel Faculty Fellow

Raghuram G. Rajan

Katherine Dusak Miller Distinguished Service Professor of Finance

Bruce Lindsay Distinguished Service Professor of Economics and Public Policy

Quentin Vandeweyer

Assistant Professor of Finance and Fama Faculty Fellow

Pietro Veronesi

Deputy Dean for Faculty and Chicago Board of Trade Professor of Finance

Robert W. Vishny

Myron S. Scholes Distinguished Service Professor of Finance and Neubauer Faculty Director of the Davis Center

Michael Weber

Associate Professor of Finance

Constantine Yannelis

Associate Professor of Finance and FMC Faculty Scholar

Anthony Lee Zhang

Assistant Professor of Finance

Luigi Zingales

Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance

Alumni Success

Graduates of the Stevens Doctoral Program go on to successful careers in prominent institutions of higher learning, leading financial institutions, government, and beyond.

Shohini Kundu, MBA '20, PhD '21

Assistant Professor of Finance UCLA Anderson School of Management, University of California, Los Angeles Shohini Kundu's research lies in financial intermediation and macroeconomics, security design and externalities of financial contracts, and emerging market finance. Her dissertation area is in finance.

Jane (Jian) Li, PhD '21

Assistant Professor of Business, Finance Division Columbia Business School, Columbia University Jane's research lies at the intersection of macroeconomics and finance. She is particularly interested in how financial intermediaries affect the real economy and how different types of financial institutions can contribute to financial instability. Her dissertation area is in financial economics.

Spotlight on Research

The pages of Chicago Booth Review regularly highlight the research findings of finance faculty and PhD students.

A Brief History of Finance and My Life at Chicago

Chicago Booth’s Eugene F. Fama describes the serendipitous events that led him to Chicago, and into his monumental career in academic finance.

Climate-Policy Pronouncements Boost 'Brown' Stocks

It was a dramatic example of how White House communications on climate policy can affect asset prices, according to Washington University in St. Louis’s William Cassidy, a recent graduate of Booth’s PhD Program.

With Business Loans Harder to Get, Private Debt Funds Are Stepping In

It’s become harder for many prospective borrowers to access capital. But private debt funds have stepped in to fill the gap, according to Joern Block (Trier University), Booth PhD candidate Young Soo Jang, Booth’s Steve Kaplan, and Trier’s Anna Schulze.

Too Many 'Shadow Banks' Can Limit Overall Access to Credit

While go-betweens can benefit the broader economy by smoothing the flow of credit, there are now probably too many links in the credit chain, argue Zhiguo He and Jian Li (Booth PhD graduate).

A Network of Support

Chicago Booth is home to several interdisciplinary research centers that offer funding for student work, host workshops and conferences, and foster a strong research community.

Fama-Miller Center for Research in Finance Tasked with pushing the boundaries of research in finance, the Fama-Miller Center provides institutional structure and support for researchers in the field.

Becker Friedman Institute for Economics Bringing together researchers from the entire Chicago economics community, the Becker Friedman Institute fosters novel insights on the world’s most difficult economic problems.

Center for Research in Security Prices CRSP maintains one of the world’s largest and most comprehensive stock market databases. Since 1963, it has been a valued resource for businesses, government, and scholars.

Initiative on Global Markets Enhancing the understanding of business and financial market globalization, the IGM positions Chicago Booth as a thought leader in the understanding of ever-changing markets and improves financial and economic decision-making around the world.

George J. Stigler Center for the Study of the Economy and the State Dedicated to examining issues at the intersection of politics and the economy, the Stigler Center supports research by PhD students and others who are interested in the political, economic, and cultural obstacles to better working markets.

Rustandy Center for Social Sector Innovation Committed to making the world more equitable and sustainable, the Rustandy Center works to solve complex social and environmental problems. The center’s student support includes fellowships, research funding, and networking opportunities.

The PhD Experience at Booth

For Itzhak Ben-David, PhD ’08, the PhD Program in Finance was an exploratory journey.

Video Transcript

Itzhak Ben-David, ’08: 00:03 For me, the PhD Program was an exploratory journey. It was about discovering what was interesting for me, what will be interesting for other economists. It was about discovering something new about the world. Much of the PhD Program experience is to explore and to wonder a bit and to just think and expose yourself to new ideas and new disciplines. Back then, this was 2006, I found a billboard that said, "If you buy this house, we're going to give you a free car or $20,000 in cash." And this seemed really odd to me. What I realized that was going on, that this was part of a borrower fraud and the idea was that seller and the buyer will agree on a higher price on a house and the lender would be under the impression that the collateral worth more than it really is.

Itzhak Ben-David, ’08: 00:58 So I started to investigate other parts of the real estate food chain. What I saw is that in many parts of this chain, there were incentives in place pushing the intermediaries or the different economic agents to inflate prices. It's not always a bubble, but oftentimes it points out behavior that is not consistent with our textbook behavior. I had the dream team of advisors, Toby Moskowitz, Dick Taylor, Steve Levitt, and Erik Hurst. Each one of them contributed in different way to my dissertation and brought different ideas, brought different aspects. There is no better place of doing research than in Booth. It's really a hub of academic activity. There is no important work that doesn't pass at Chicago before being published. It's really an intellectual home. When you meet people and you know that they are from Booth, you can see the difference in their thinking.

Current Finance Students

PhD students in finance study a wide range of topics, including the behavior and determinants of security prices, the financing and investment decisions of firms, corporate governance, and the management and regulation of financial institutions. They go on to careers at prestigious institutions, from Yale University to the International Monetary Fund.

Current Students

Rahul Chauhan Ching-Tse Chen Aditya Dhar Mihir Gandhi  Huan (Bianca) He Agustin Hurtado Young Soo Jang Piotr Langer Jessica Li Edoardo Marchesi Rayhan Momin Lauren Mostrom Meichen Qian Francisco Ruela Sixun Tang Hui (Judy) Yue

Booth also offers joint degrees. Learn more about the current students in our Joint Program in Financial Economics .

Program Expectations and Requirements

The Stevens Program at Booth is a full-time program. Students generally complete the majority of coursework and examination requirements within the first two years of studies and begin work on their dissertation during the third year. For details, see General Examination Requirements by Area in the Stevens Program Guidebook below.

Download the 2023-2024 Guidebook!

PhD Handbook

PhD in Finance ...

PhD in Finance in USA: Best Universities for PhD in Finance in USA

USA happens to be one of the most sought after destinations for a PhD. The program structure here allows you to get a lot of training alongside research which is not common in the European countries or UK is what makes it desirable. Usually, master of finance graduates plan to get a PhD but it is also a good option for MBA in USA graduates to advance their careers. After a PhD in finance in USA, you can either go on the path to become a professor or take the road to work with global companies.

We have prepared a guide including best universities for PhD in finance in USA, eligibility criteria, admission process, cost of studying, scholarships, future opportunities and a lot more to help you grab the best opportunities to pursue PhD in finance from USA.

Why Study PhD in Finance in USA?

• US universities dominate almost all major rankings. If we talk about the QS World University Rankings by Subject for Accounting and Finance, 73 universities are included in the list of top universities.
• USA spends enormous amounts on research and development and is said to be ahead of several other countries in terms of innovation.
• The rigor of curriculum offered at US universities is much higher in standard than research programs at other institutions.
• US universities offer state-of-art research infrastructure which attracts aspirants from all around the world.

Best Universities for PhD in Finance in USA

A PhD is a long duration course so be assured that you choose your university wisely considering accreditation, co-curricular factors, facilities, faculty, location, etc. Here is a list of the 5 best universities for PhD in finance in USA:

• Massachusetts Institute of Technology
• University of Chicago
• Stanford University
• University of California, Berkeley
• University of Pennsylvania

Discussed below are the insights of these 5 universities including ranking, specializations and tuition fees can be seen below:

1.  Massachusetts Institute of Technology

PhD in finance at Massachusetts Institute of Technology is offered under the MIT finance group. The program duration can be categorized into coursework, seminar, general examination, research paper and dissertation.

2.  University of Chicago

For pursuing PhD in finance at University of Chicago , you will get full tuition support for 5-6 years of your full-time study. Additionally, the university gives you the opportunity to work as a teaching assistant in the third and fourth year.

3.  Stanford University

At Stanford University , your PhD program will come with a five year funding guarantee which includes tuition, assistantship salary and fellowship stipend. Phd programs have been a constant preference for most international students to pursue here.

4.  University of California, Berkeley

The Haas School of Business at University of California, Berkeley offers a five year, fully funded PhD in finance program that aims to integrate modern developments in the field of finance. The course expects the student to have a strong background in mathematics and statistics.

5.  University of Pennsylvania

The finance faculty at the Wharton School of Business is one of the most renowned faculties of University of Pennsylvania . The ideal candidate for a PhD at Wharton should have a background in economics, mathematics, statistics, engineering and other quantitative disciplines.

Course Curriculum for PhD in Finance in USA

Although a US PhD degree is longer than a UK degree, it has its own benefits and gives candidates the time to get a better hold and develop expertise in the subject area. Discuss in the table below the course curriculum for PhD in finance in USA:

Eligibility Criteria for PhD in Finance from USA

The PhD in finance in USA requirements may vary from one university to another. Before looking at the cost of studying PhD in USA, let us understand the basic eligibility criteria for the same:

• Completed master’s degree
• English language proficiency requirements
• Entrance test scores

Take a look at the detailed discussion on eligibility criteria to study PhD in finance in US:

1.  Completed master’s degree

To pursue PhD in finance in USA, you must have a master’s degree in finance from a recognized institution equivalent to a US master’s degree. A minimum GPA of 3.0 or above is required.

Suggested: MS in finance in USA

2.  English language proficiency requirements

As international students, you will have to provide proof of English language proficiency if your native language is not English. IELTS and TOEFL are among the most widely accepted test scores. A minimum IELTS score of 6.5 or a TOEFL-iBT score of 90 or above is recommended.

3.  Entrance test scores

Before enrolling for a PhD in finance in USA, you may be asked for your GMAT or GRE scores. You may not have to take the test again as you must have already taken it before applying for your master’s degree.

Suggested: MS in USA

Documents Required to Study PhD in Finance from USA

It is crucial to understand the PhD in finance in USA requirements to complete the application process hassle-free. Listed below are the documents that most institutions will ask you to submit:

• Transcripts of academic records from all previous post-secondary institutions
• Test scores of GMAT/ GRE
• English language proficiency test scores
• Research proposal
• Writing sample
• Letters of recommendation
• Personal statement
• Copy of passport
• Proof of finances

Admission Process for PhD in Finance in USA

Here is the step-by-step process to apply for PhD in finance in US:

• Check the eligibility criteria for your chosen institution before applying.
• Visit the official university website and look for the upcoming intake and application deadlines.
• Complete the online application for admission and pay the necessary application fee, which usually ranges between 100 USD-150 USD.
• Gather all documents to be submitted along with the application.
• Once you complete the application and submit all relevant documents, keep an eye on the university website to get updates on your application.
• You may be called for an interview and be asked about your research proposal before getting the acceptance letter.
• If you are accepted, fulfill the enrollment requirements and apply for a visa to study in USA.

Suggested: USA student visa guide

How Much Does it Cost to Study for a PhD in Finance in USA?

Getting a PhD in USA requires a huge sum of investment. The cost of studying for a PhD in finance in USA can be categorized into tuition fees and cost of living. Let us consider the costs for each of these components.

Tuition Fees

The tuition fees for PhD in finance in USA ranges between 35,000 USD - 70,000 USD per year. You can find programs with lower tuition fees at public universities.

Suggested: Phd in USA cost for Indian students

Cost of Living

An international student’s cost of living in USA is estimated at around 12,000 USD-18,000 USD per year i.e. 1000 USD-1,500 USD per month, varying according to the student’s budget. It is true that the living expenses in USA are higher compared to many other study abroad destinations. However, affordable options are available to choose from, such as various accommodation options, public transport, personal expenses, etc.

Scholarships for PhD in Finance in USA

You will find multiple funding options for pursuing research in USA. Most US universities offer fully funded PhD programs , so you do not have to fret about the huge tuition fees. Take a look at the table below to learn about the various university-provided scholarships for international students:

Career Opportunities After PhD in Finance in US

Accounting and finance professionals in USA earn 97,600 USD per year on average. With a PhD in finance from USA, you can expect 23% higher salaries than a master’s degree. New York, Houston, Los Angeles, Philadelphia are some of the states offering the highest salaries compared to other cities in USA.

Take a look at the popular job titles and average salaries for PhD in finance from USA:

Suggested: How to find jobs in USA?

A PhD in finance in USA is worth considering to advance your career and boost your earning potential. Get in touch with our Yocket counsellors today and get answers to all your questions related to PhD in finance in USA and a roadmap to secure a seat in one of the best universities for a PhD in finance in USA.

Frequently Asked Questions about PhD in Finance in USA

How many years is a PhD in finance in USA?

A PhD in finance in USA takes 4 to 6 years depending on the candidate’s knowledge level. Generally, an individual spends around 2-4 years in the coursework and another 2-4 years on the dissertation.

How much does it cost to do a PhD in finance in USA?

The annual fees for PhD in finance in USA is somewhere between 30,000 USD-55,000 USD per year which may vary across universities.

Can Indian students get a scholarship to pursue PhD in finance in USA?

Yes, there are several scholarships for Indian students to pursue PhD in finance in USA, such as Fulbright Scholarship, Knight-Hennessy Scholars program, Aga Khan Foundation International Scholarship program and several other university-specific scholarships.

Can I apply for PhD in finance with an MBA in finance?

Yes, you can apply for a PhD in finance with an MBA in finance.

Is it better to do PhD in finance in USA from a private or public university?

Both types of universities have equally good options to pursue PhD in finance in USA. If you wish to apply to public universities in USA some of the best options are University of California - Berkeley, Georgia Institute of Technology, University of Illinois - Urbana, etc. Top private universities include Stanford University, Massachusetts Institute of Technology, Yale University, among others.

Sumeet Jain

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Department of Finance PhD Program

The primary objective of the Finance PhD Program is to educate students of exceptional promise to become outstanding researchers and university-level teachers in the field of finance. Graduates of the Program must have a thorough knowledge of the fundamental concepts and theories in finance, an understanding of financial instruments and markets, and an ability to use financial data to analyze models and evaluate financial decisions.

Program Structure

A student admitted to the Ph.D. Program in Finance is expected to have excellent aptitude, motivation, and preparation for rigorous post-masters-level study in finance. Students entering the program without a master's level degree or related coursework may have to take additional courses.

During the first year in the program, the student takes the graduate level course sequence in macroeconomic theory, econometric research tool courses and PhD level courses in asset pricing and corporate finance.

At the end of the first year, the student also must take and pass the Microeconomics Qualifying Examination (the second field exam) administered by the Economics department. During July of the first year, the student must take and pass the Asset Pricing Qualifying and Corporate Finance Qualifying Examinations administered by the Finance Department.

During the first year, the student works on a research paper that much be completed by November 15 of the second year in the program.

In the second year of the program, the student takes advanced PhD-level courses in asset pricing and corporate finance, the finance research reading course as well as macroeconomic theory courses, and additional research tools courses in econometrics and statistics.

After the completion of the second year, the student will take and pass the Candidacy Examination. The Candidacy Examination contains written and oral portions and must be scheduled before the start of the third academic year. The written portion of the candidacy exam is given in July between the second and third year of the program and the oral portion of the candidacy exam is given within 30 days of the written portion of the exam as required by the Graduate school of the Ohio State University.

During the third year of the program, the student takes the Finance Research Seminar course, and must complete the Thesis Proposal requirement. To complete the Thesis Proposal requirement, the student has to submit a scientific paper to the Coordinator of the Ph.D. Program by April 15 of the third year of the program. The Coordinator of the Ph.D. Program then evaluates whether the paper is good enough to be presented to the Thesis Proposal Committee consisting of three faculty members before the end of April. If the paper is deemed good enough at the oral presentation that it can develop into a job market paper for the student to participate in the job market in the fifth year, the student had completed the Thesis Proposal requirement. If the paper does not meet that standard, the student has to complete such a paper and defend it in front of a Thesis Proposal Committee by November 15th of the fourth year.

During the fourth year of the program, the student works on their paper to develop it into a job market paper. The student will get teaching experience. Once they have completed a paper that the major advisor believes is suitable for the job market, the student will present it in a seminar.

During the fifth year of the program, the student will go on the job market, complete the dissertation, defend, and graduate.  The student is responsible for meeting Gradation deadlines.

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Your Guide to a PhD in Finance in USA

• Universities in USA

Updated on 04 March, 2024

Shivangi Mishra

Sr. content editor.

A PhD in Finance is a doctoral-level degree that signifies the highest level of expertise in the field. It involves rigorous research and advanced coursework, culminating in a dissertation that makes a significant contribution to the existing body of knowledge in the field. The USA is one of the top places for this degree. A PhD in Finance in the USA typically takes around 5 years to complete. This article will discuss everything you must know about pursuing PhD in finance in the USA.

Table of Contents

Why study phd in finance in usa, best universities for phd in finance in usa, eligibility criteria for phd in finance from usa, documents required to study phd in finance from usa, admission process for phd in finance in usa, scholarships for phd in finance in usa.

• Career Opportunities After PhD in Finance in US

Some of the the reasons to pursue a PhD in finance in the USA are:

•  It prepares candidates for careers in academia & research, consulting, and policy-making in finance.
• Some of the top financial colleges in the world, including Stanford, Kellogg, Tepper, and Wharton, are located in the United States.
• With access to top financial markets, institutions, specialists, and centres, the USA provides a broad financial environment.
• The United States of America offers a top-notch, demanding education that places a major focus on analytical and mathematical abilities as well as multidisciplinary and cooperative research.
• For PhD students and graduates, the USA provides a plethora of financing, networking, career development, and professional advancement options. 

Some of the recent statistics that support these reasons are:

• According to the QS World University Rankings by subject in 2023, 16 out of the top 50 universities for accounting and finance are located in the USA.
• According to the Global   Financial Centers Index, 30 and 7 out of the top 20 financial centers in the world are located in the USA, including New York, San Francisco, Chicago, Boston, Los Angeles, Washington, DC, and Dallas.

Many universities offer  fully-funded PhD in finance in USA.  Some of the best universities for a PhD in finance in USA based on their subject ranking, reputation, research output, and faculty are:

 The eligibility criteria for finance PhD programs in USA   may vary depending on the university program, but some of the common requirements are:

• A bachelor's degree or its equivalent with first-class GPA.
• A strong background in quantitative methods such as calculus and exposure to micro and macroeconomics. 

 The documents required to study PhD   Programs in finance USA may vary depending on the university program, but some of the common documents are:

• A satisfactory score on the Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT) depending on the university in the program.
• A statement of purpose that outlines the research interests, goals, and motivations for pursuing a PhD in finance.
• A resume no longer than two pages that highlights academic achievements, research experience, publications, awards, and extracurricular activities.
• A maximum of 4 letters of recommendation from professors or mentors who can attest to the academic potential of the research skills and the applicant's personal qualities.
• A writing sample that demonstrates the ability to conduct original and rigorous research in finance such as a master's thesis, a published paper, and a research proposal.
• Proof of English language proficiency, such as a minimum score on TOEFL or the IELTS for international applicants whose native language is not English.
• A short video essay for the accounting research group (optional for marketing and system dynamics research groups). The video should explain why you selected this research group.

 The admission process for a PhD in Finance in USA may vary depending on the university and program, but some of the common steps are:

• Check the eligibility criteria, application deadlines, and required documents for each university program and prepare them accordingly.
• Take the GRE or GMAT and TOEFL or IELTS (if required), and request the test scores be sent to the chosen universities.
• Fill out and submit the online application form along with the application fee for each university and program
• Upload or mail the supporting documents, such as the statement of purpose , curriculum vitae, writing sample, and letters of recommendation .
• Wait for the admission decision, which may take varied amounts of time based on the university program. Some universities may also conduct interviews or request additional information from the applicants before making the final decision.
• Accept the admission offer if received, and confirm enrollment by paying the deposit fee and completing the necessary paperwork.
• Apply for a student visa and arrange the travel & accommodation for studying in the USA.

Some of the scholarships for fully-funded PhD in finance in USA, based on their eligibility and benefits, are:

Career Opportunities After PhD in Finance  in US

Some of the career opportunities after PhD in finance in USA, based on their job roles and average salaries, are:

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What is a PhD?

A PhD is a postgraduate doctorate often earned following a bachelor's or master's degree in undergraduate studies. PhD candidates conduct independent study for an original thesis in their field, and after completing their degree, they are awarded the title "Doctor."

What does a PhD entail?

A PhD is a doctorate in philosophy. Philosophiae Doctor is the Latin root of the term PhD. Another way to write it is as DPhil.

How long is a PhD thesis?

A PhD thesis will typically be longer than 60,000 words but cannot be longer than 80,000 words. Footnotes and endnotes are allowed within this word limit; appendices and a reference list or bibliography are not. The amount of space occupied by figures, tables, images, and other content should be measured in words per page or a fraction of a page.

Does obtaining a PhD require a TOEFL or IELTS score?

If English is not your first language and you have not previously attended a university in an English-speaking nation, you could be required to submit TOEFL or IELTS exam results as evidence of your language proficiency. You can find out if you need to take an English language test at your desired university.

She is an experienced writer and journalist who has extensively covered the education sector in India and Abroad. Now helping Indian aspirants realise their foreign education dream by providing them with relevant content and information through upGrad Abroad. Amateur traveller, loves to read Architectural Digest!

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2024 U.S. News Graduate School Rankings

• April 16, 2024
• vol 70 issue 30

Each year, U.S. News & World Report ranks graduate and professional schools in business, medicine, education, law, engineering and nursing. 

Seven of Penn’s schools are in the top 10 list. Specialty rankings in the top 10 are listed below; for more, see U.S. News’ website: www.usnews.com .

(-) Indicates not ranked.

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Education , Graduate & Professional Studies , Health Sciences , Law , Marquette Business , Nursing

U.S. News releases 2024-25 Best Graduate Schools rankings 

• April 9, 2024
• < 1 min. read

U.S. News and World Report today released its 2024-25 Best Graduate Schools rankings, and many Marquette programs held relatively steady over last year’s rankings. 

Several graduate programs moved up in the rankings. Highlights include the master’s program in the College of Nursing, which moved up from 66 to 58. The Marquette University Law School additionally moved into the top 70, improving from 71 to 68. 

The Graduate School of Management’s MBA specialty in accounting moved up several places from 44 to 35. The College of Health Sciences’ occupational therapy program is ranked for the first time.

Following is Marquette’s full list of graduate program rankings for 2024-25. (Figures in parentheses represent the program’s previous ranking.) 

Business 

• Part-time MBA — 73 (53) 
• Accounting — 35 (44) 
• Finance — 31 (21) 

Education 

• Overall — 192 (192) 

Engineering — U.S. News has delayed the release of its Best Engineering Schools rankings. We will share those rankings in Marquette Today as soon as they are available. 

Health Sciences

• Occupational therapy — 65 (NR)
• Physical therapy — 20 (13)
• Speech language pathology — 59 (55)
• Overall — 68 (71) 

Nursing 

• Master’s overall — 58 (66) 
• Doctorate (DNP) — 85 (78) 
• Anesthesia — 51

Not all graduate programs are ranked every year by U.S. News. Some health sciences and science and humanities disciplines are ranked approximately every three years. 

Visit Marquette’s Rankings and Recognition page for a complete list of U.S. News and other rankings. 

Methodology information by the program is available via U.S. News’ website . 

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US News & World Report Releases 2024 Rankings Of America’s Best Grad Schools

Texas A&M University is one of the nation’s leaders in graduate education, according to the latest rankings from U.S. News & World Report.

The university has 33 programs in the Top 50 spanning across agriculture, business, computer science, education, health, law, political science, public affairs, psychology, science, and veterinary medicine. U.S. News announced this week that the release of rankings for engineering, medical and clinical psychology will be delayed.

In its Best Graduate Schools ranking, the publication placed 10 of Texas A&M’s graduate programs in the Top 20; among those, six are Top 10:

College of Arts and Sciences

• Industrial and organizational psychology, No. 7 (No. 6 public)
• Inorganic chemistry, No. 5 (No. 2 public, No. 1 in Texas)
• Nuclear physics, No. 7 (No. 6 public, No. 1 in Texas)

School of Law, overall No. 26

• Dispute resolution, No. 5 (No. 3 public, No. 1 in Texas)
• Intellectual property, No. 6 (No. 2 public, No. 1 in Texas)

School of Veterinary Medicine and Biomedical Sciences, overall No. 10 (No. 9 public, No. 1 in Texas)

According to U.S. News , the rankings are based on expert opinion on program excellence and statistical indicators that measure the quality of a school’s faculty, research and students. Texas A&M currently enrolls 16,762 graduate and professional students (fall 2023), in more than 170 master’s, 94 doctoral and five professional degree programs.

“I’m so proud of our graduate students, the world-class faculty who mentor them and the outstanding programs that set them on a path to success in their chosen fields,” said Gen. (Ret.) Mark A. Welsh III, president of Texas A&M University. “Post-graduate education at Texas A&M contributes immeasurably to our research enterprise and our teaching and service missions. Congratulations to the students, faculty and staff whose work is reflected not just in rankings, but each and every day on our campuses and in the world at large.”

Texas A&M School of Law in Fort Worth, which has seen a remarkable rise in the U.S. News rankings, this year rose three spots overall, an increase of 57 spots in five years.

The Bush School of Government and Public Service, which ranks No. 26 overall in public affairs, has seen gains this round in non-profit management, up six places to No. 21. “The Bush School continues to make strides as a world-class Public Affairs school,” said Frank B. Ashley III, interim dean. “Employers know that graduates of our Public Service and Administration program are career-ready leaders with a passion for public service.”

Other notable rankings include:

• Analytical chemistry, No. 11 (No. 10 public)
• Applied mathematics, No. 13 (No. 6 public)
• Legal writing, No. 11 (No. 7 public, No. 1 in Texas)
• Marketing, No. 29 (No. 9 public)
• Management, No. 27 (No. 11 public)
• Statistics, No. 13 (No. 7 public, No. 1 in Texas)

View the full rankings for Texas A&M here and review the U.S. News methodology here .

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Johns Hopkins graduate programs again ranked among nation's best

'u.s. news & world report' includes 38 jhu programs among the top 10 in the u.s. in its annual rankings, including no. 1 ranked programs in nursing and public health.

By Hub staff report

Johns Hopkins University has 38 graduate schools, academic programs, and specialties ranked among the top 10 in the nation, including nine with No. 1 rankings, according to the latest edition of "Best Graduate Schools" from U.S. News & World Report , published earlier today.

Two schools at Hopkins—the Bloomberg School of Public Health and the School of Nursing —earned No. 1 rankings overall, and the School of Education entered the top 10, according to U.S. News & World Report .

Portions of the publication's annual list were released today but rankings for schools of medicine and engineering were delayed and will be released at a later date.

Among the new rankings released today:

The School of Nursing's DNP program ranked No. 1 for the third year in a row. Its master's degree programs tied at No. 1, up from No. 2 last year. In gerontology, the school moved up two spots to No. 1 for primary care, and up one spot to No. 2 for acute care. In other specialty areas, the School of Nursing's doctoral programs ranked:

• Psychiatric/mental health: No. 1
• Family: No. 3 (tied)
• Leadership: No. 4 (tied)
• Nursing Anesthesia: No. 36 (tie)

Public Health

The Bloomberg School retained its longtime No. 1 overall ranking among public health programs—it has held the top spot since 1994, the year the rankings began. In specialty areas, the Bloomberg School ranked:

• Environmental Health Sciences: No. 1
• Epidemiology: No. 1
• Health Policy and Management (Public Health): No. 1
• Social and Behavioral Sciences: No. 1
• Biostatistics: No. 2

Johns Hopkins tied at No. 8 in the Education category, up from No. 13 last year. The school also tied at No. 23 in higher education administration programs.

Public Affairs

Overall, Johns Hopkins programs in public affairs tied at No. 39. In subcategories, Johns Hopkins tied at No. 6 in Health Policy and Management (Public Affairs), No. 11 in International/Global Policy and Administration, and tied at No. 35 in Public Policy Analysis.

U.S. News & World Report updates some of its rankings each year and republishes the most recent rankings in other areas. Among the republished rankings for Hopkins, which are still current:

Biological Sciences

Hopkins is tied for No. 6 overall with six top 10 specialty rankings:

• Molecular biology: No. 3 (tie)
• Cell biology: No. 4
• Neuroscience: No. 4 (tie)
• Immunology: No. 5
• Genetics, genomics, and bioinformatics: No. 6 (tie)
• Biochemistry, biophysics, and structural biology: No. 8

Biostatistics

Hopkins is ranked No. 1 (tie) for Biostatistics at the doctoral level. (Note: U.S. News & World Report also ranks biostatistics as a sub-category of public health, where Hopkins is No. 2.)

The university is tied at No. 20 in Chemistry and ranks No. 9 in the Biochemistry subcategory.

Computer Science

The university is tied for No. 24 overall and tied at No. 21 in the specialty of Artificial Intelligence.

Earth Sciences

The university is tied at No. 30 in Earth Sciences.

Johns Hopkins' program in economics is tied at No. 22.

English tied at No. 13 overall with the following specialty rankings:

• Literary criticism and theory: No. 3
• British literature: No. 10 (tie)
• American literature after 1865: No. 17

Health Care Management

The university is No. 7.

Johns Hopkins ranks No. 10 overall, with the following specialty rankings:

• African-American history: No. 3 (tie)
• Cultural history: No. 4 (tie)
• U.S. Colonial history: No. 5 (tie)
• Women's history: No. 6 (tie)
• African history: No. 7 (tie)
• European history: No. 7 (tie)
• Modern U.S. history: No. 16 (tie)

Mathematics

Johns Hopkins is tied at No. 20 in Mathematics with the following specialty rankings: + Analysis: No. 18 (tie) + Algebra: No. 23 (tie) + Applied Math: No. 25

Overall, the university is tied at No. 13 with the following specialty rankings: + Living Systems: No. 5 (tie) + Cosmology: No. 7 + Condensed Matter: No. 13 (tie)

Political science

Overall, political science is tied at No. 41. In sub-categories, Johns Hopkins ranked: + Political theory: No. 8 (tie) + International politics: No. 24 (tie)

The university's graduate program in psychology is tied at No. 12 overall and tied at No. 5 in the subcategory of behavioral neuroscience.

Overall, sociology is tied at No. 29. The sub-category of sociology of population is tied at No. 17.

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Tagged u.s. news and world report , university rankings

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2025 Best Graduate Schools

Article by UDaily Staff Photo by Evan Krape April 09, 2024

UD programs remain among the best in the nation, according to U.S. News and World Report

In the 2025 edition of Best Graduate Schools , U.S. News and World Report ranked the University of Delaware's graduate programs among the best in the nation.

“As we continue to enhance and expand our excellent graduate programs to meet the needs of our students and society, it is gratifying to see the expertise and hard work of our faculty and staff nationally recognized,” said UD President Dennis Assanis. “We are proud of the positive impact that our graduate students are making on the world, and we look forward to even greater successes ahead empowered by their UD education.”     

UD’s consistently top-ranked physical therapy program remained in the top three nationwide. This is the first year U.S. News and World Report ranked speech-language pathology programs with UD’s inaugural ranking at #32.

“Excellent graduate preparation is central to the University of Delaware's mission as a world-class research institution," said Louis Rossi, dean of UD’s Graduate College and vice provost for graduate and professional education. "Our graduate programs are producing the thinkers, leaders and innovators who are tackling the world's greatest challenges. We are excited about these rankings, which indicate their excellence."

Physical Therapy, 2

Non-profit Management, 16 (up from 23)

Public Management and Leadership, 18 (up from 23)

Public Finance and Budgeting, 21

Speech-Language Pathology, 32

Education Schools, 34

Public Affairs Schools, 34

Computer Science, 70 (up from 77)

Nursing: Master's, 79 (up from 82)

Nursing: Doctor of Nursing Practice, 110

Part-Time MBA, 150

The preceding list only includes subject areas evaluated in this year's edition published to date. U.S. News and World Report has delayed the announcement of two programs that were slated to be included in the rankings: Best Engineering Schools and Programs, and Best Clinical Psychology Programs. The lists will be updated as soon as the data are available.

Other UD graduate programs have been ranked in previous years. The full listing of UD graduate programs ranked by U.S. News and World Report is available on the Institutional Research and Effectiveness Rankings  webpage . Please note the programs and specialties used by U.S. News might vary slightly from the names of degree programs used by UD.

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Us news mba ranking places stanford & wharton on top for 2024.

Stanford Graduate School of Business has risen to the top of this year's US News MBA Ranking ©Stanford GSB / Facebook

The 2024 US News MBA Ranking lists Stanford and Wharton as the best business schools in the US, ahead of last year’s ranking leader

By  Matt Kefford

Tue Apr 9 2024

Both schools leapfrogged last year’s number-one ranked school, University of Chicago Booth School of Business, and Northwestern University’s Kellogg School of Management which placed joint-third. 

Stanford in particular performed well, jumping from sixth place in 2023 to share the top spot. Wharton meanwhile rose to the top after losing the crown in 2023. 

Stanford, Wharton: US News MBA Ranking Analysis

The performance of schools in the US News MBA Ranking is based on a number of factors, which can be split by categories of placement success, quality assessment, and student selectivity. 

Placement success metrics include students’ earning potential after graduation and schools’ employment rates. Student selectivity includes admission rates, average GMAT scores, and average GPAs. Quality assessment includes how corporate recruiters and other business school deans assess a program. 

Placement Success

Stanford boasts the highest average pay—consisting of both salaries and bonuses and worth 20% of a school’s overall position—of all schools in this year's ranking, amounting to $209,680. 

Wharton also performs well for pay, however its figure of $201,296 is exceeded (narrowly) by a number of schools including Chicago Booth, Dartmouth Tuck School of Business, University of Virginia Darden School of Business, and NYU Stern School of Business. 

Stanford is outperformed by several schools when it comes to the employment rate of graduates three months after leaving the program. This metric is worth 13% of a school’s ranking, while 7% is also attributed to the placement rate at the point of graduation. 

In this year’s ranking, Stanford’s placement of 82.8% is beaten by all of the other schools in the top 10, with only Harvard Business School sharing a rate below 90%. 

Wharton meanwhile achieves a placement rate that ranks among the top five. The school helped 94.2% of students land a role within three months of graduation, as per the US News data. 

A new metric for 2024 ranks schools according to their salary performance broken down by profession. This metric delves deeper into how the average salaries of grads entering several key industries compare between schools. These industries are: consulting, finance and accounting, general management, human resources, marketing and sales, information technology, and operations and logistics. 

Worth 10% of a school's overall weighting, Stanford tops the salary by profession ranking, followed by Wharton in second place and Harvard in third. 

Student Selectivity

Within the student selectivity metrics, Stanford is revealed to be the most competitive school with an admission rate of 8.4%. The next closest scores among the top 10 are achieved by Harvard (13.2%) and MIT Sloan (17.7%). Wharton’s admission rate of 24.8% places it among the top five most competitive schools. 

At just 2%, a school’s admission rate has the least weighting among the student selectivity metrics. Median GMAT scores (13%) and median GPAs (10%) contribute significantly more to a school’s performance. 

Both Stanford and Wharton achieve the highest median GMAT scores, at 740. This is shared with other top 10 schools including Harvard and Kellogg. 

At 3.8 Stanford also has the highest median GPA among all schools, alongside Harvard which also has 3.8. Wharton is marginally below this at 3.7. This places the Pennsylvania-based school level with the likes of Kellogg, MIT Sloan, and Yale for this metric. 

Quality Assessment

Demonstrating the high esteem within which the Stanford MBA is held, it is the only program to achieve a score of 4.7 out of five for both the peer assessment and recruiter assessment surveys. These metrics are each worth 12.5% of a school’s overall weighting. 

Harvard places second, with a 4.7 for peer assessment and a 4.6 for the recruiter score. Wharton’s score of 4.6 for peer assessment and 4.5 for recruiter assessment places it below Stanford, Harvard, Kellogg, and MIT Sloan.  

2024 US News MBA Ranking

*Placement rate three months after graduation 

READ:  The Best Business Schools In The USA | US News MBA Ranking

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