Ph.D. in Finance

The Ph.D. program in Finance at Boston College is internationally known for a rigorous curriculum that combines theory with applied research and pedagogy.

Finance faculty at Boston College are experts in their disciplines and globally acclaimed for their scholarship, research, and mentorship. In our collegial environment, students typically collaborate with one another and with faculty to produce groundbreaking research.

The academic program begins with systematic, rigorous training in quantitative methods, economics, and finance. In addition, students complete a major research project, serve as research and teaching assistants, and write a doctoral dissertation.

Graduates of the program are leaders in the field of finance who have the knowledge and analytical skills they need to conduct research and teach at the highest level.

We invite you to learn more about earning your Ph.D. in Finance at Boston College. Request informationschedule a visit to campus, or apply today. If you have questions, please contact the Office of Graduate Admissions.

Doctoral students in finance at Boston College complete a program of study that leads to competency in three areas: quantitative methods, economics, and finance. The program begins with course work in quantitative methods, economics, and finance. In the third year, students complete a major research project designed to develop their ability to do original research. Through hands-on experience as teaching assistants, students gain important pedagogical experience. Finally, each student completes a doctoral dissertation that contributes substantial, original work to the field of finance.

COURSEWORK

Students must complete a program of study that leads to competency in three areas: quantitative methods, economics and finance. The requirements of the program of study are typically satisfied by completing 14 courses in the first two years in the program. In some cases, course work prior to entering the program or successful performance on waiver examinations may be substituted for required courses. However, each student must complete a minimum of 12 courses while in the Program.

COMPREHENSIVE EXAMINATION

Satisfactory performance on a comprehensive examination marks the student’s transition from course work to full-time thesis research. The examination is intended to allow the student to demonstrate substantial knowledge of the literature and theory of finance and economics and competence in the area of quantitative methods. The examination is typically administered by the end of June of the first year in the program.

RESEARCH

Doctoral students are expected to engage early in research; by the end of the third year, students submit an independent research paper. The culmination of the program is the doctoral dissertation, a substantial, significant, and original contribution to the field that is prepared under the guidance of a thesis committee of three or more faculty members. When the research is complete, students present a thesis-defense seminar that is open to the Boston College community.

RESEARCH AND TEACHING ASSISTANT REQUIREMENT

Doctoral students at the Carroll School are expected to serve as research or teaching assistants throughout their studies. Typically, a student works as a research assistant for 16 hours a week during the first two years of the program, then acts as a research assistant in the third and following years. In exchange, the Carroll School provides financial support for doctoral students in the form of a stipend and tuition remission.

Sample Course Sequence

YEAR 1 - FALL
 Microeconomic Theory I
 Investments
 Statistics
 YEAR 1 - SPRING
 Microeconomic Theory II
 Econometrics
 Corporate Finance Theory
 Ph.D. Seminar in Corporate Finance Theory
 Ph.D. Seminar in Asset Pricing Theory
 Comprehensive Exam
 YEAR 2 - FALL
 Ph.D. Seminar in Empirical Corporate Finance
 Ph.D. Seminar in Empirical Asset Pricing
 Derivatives and Risk Management
 YEAR 2 - SPRING

 Ph.D. Seminar in Advanced Topics in Asset Pricing 
 Research Seminar in Empirical Accounting
 Applied Econometrics

 YEAR 3 - FALL

 Research Paper
 Research Paper Defense
 TA Work

 YEAR 3 - SPRING
 Dissertation Research
 TA Work
 YEAR 4 - FALL
 Dissertation
 TA Work
 YEAR 4 - SPRING

 Dissertation
 Dissertation Proposal Defense
 TA Work

 YEAR 5 - FALL
 Dissertation Research and Writing
 YEAR 5 - SPRING

 Dissertation Research and Writing
 Dissertation Defense

The Ph.D. Program in Finance at the Carroll School attracts applicants from all over the world and from a wide array of backgrounds. While notable for the diversity of their individual achievements, our students typically share a track record of leadership, a strong commitment to research and teaching, and a desire to make a difference in the world.

The following information is for the classes of 2015—2017.

CLASS SIZE

2015 Class Size
5
2016 Class Size 4
2017 Class Size 4
Overall Selectivity 4%


ACADEMIC AND PROFESSIONAL PROFILE

 Average GMAT Score
 728
 GMAT 80th Percentile Range
 710-744
 Average GRE Score  329
 GRE 80th Percentile Range
 304-332
 Average Undergraduate GPA  3.57
 Average Full-Time Work Experience
 1.5 years
 Students Holding Master's Degree
 85%

Diversity

Average Age  28
Age Range  25-36
Women  38%
International Students
 70%

International Enrollments

Chile India
India P.R. of China
Iran Switzerland
Italy Vietnam

When it comes to career advancement, doctoral students in finance at the Carroll School have several distinct advantages. Not only does the Ph.D. program have an international reputation for academic excellence, Boston College’s Finance Department takes an active role in connecting students with exceptional career opportunities. Recent graduates are researching and teaching at such prestigious institutions.

Our students and recent graduates are also prolific scholars and writers, publishing regularly in top economic and finance journals such as the American Economic ReviewJournal of FinanceJournal of Financial EconomicsReview of Financial Studies, and the Journal of Financial and Quantitative Analysis.

Where do our graduates work?


Arizona State University

Texas A&M University

Baruch College (City University of New York)

University of Alberta (Canada)

The College of William & Mary

University of Arizona

DePaul University

University of Georgia

Fordham University

University of Minnesota

George Washington University

University of Pennsylvania

 

Indiana University

University of Virginia

INSEAD

Villanova University

Michigan State University

Virginia Tech

 

Finance Faculty