Develop expertise in accounting principles, quantitative methods, economics, and finance on your way to becoming a successful teacher and scholars. You will collaborate with both peers and faculty mentors, and be encouraged to present your work at conferences, as well as submit articles for publication in top research journals.
Accounting Ph.D. students complete a program of study that begins with coursework in accounting, quantitative methods, economics, and finance. Through seminar courses, you will become fluent on the existing state of research literature, appropriate research methods, and proper management of the publication process.
Course requirements are typically satisfied in the first two years of the program. In addition to doctoral seminars, Ph.D. students will take courses in the departments of finance and economics, and are encouraged to explore inter-disciplinary pursuits.
A comprehensive examination will be administered at the conclusion of the second year in the program. Satisfactory performance on the exam marks your transition from course-work to full-time thesis research.
Doctoral students begin engaging in the research process as early in the program as possible. A first-year summer paper, which can be a replication or an extension of an existing study, provides early hands-on experience in research design, programming, data management, and statistical analysis.
Students must then complete a second-year paper based on an original research idea and present this research in early December of their third year to qualify as a Ph.D. candidate.
In the spring of their fourth year, students submit and present their dissertation proposal, which should make a substantial, significant, and original contribution to the field. Input from faculty during the proposal process outlines the work that students need to complete over the summer for their dissertation proposals to become their job market papers for the fall of their fifth year.
Doctoral students at the Carroll School are expected to serve as research assistants, teaching assistants, and/or instructors throughout their studies. Students work for a set number of hours per week, throughout the duration of their Ph.D. programs. In exchange, the Carroll School provides financial support for doctoral students in the form of a stipend and tuition remission.
|Mathematics for Economists|
|Microeconomic Theory I|
|PhD Seminar in Asset Pricing Theory|
|Financial Accounting Practice I*|
|Microeconomic Theory II|
| PhD Seminar in Accounting Research Part I|
|PhD Seminar in Corporate Finance Theory|
| Financial Accounting Practice II*|
|PhD Seminar in Empirical Asset Pricing|
|PhD Seminar on Empirical Topics in Accounting|
|PhD Seminar in Accounting Research Part II|
|PhD Seminar in Accounting Research Part III|
|PhD Seminar in Empirical Corporate Finance|
The following information reflects data for the entering classes of 2019–2023. Updated September 25, 2023.
| Average GMAT Score||725|
| GMAT 80th Percentile Range||723-727|
|Average GRE Score||327|
|GRE 80th Percentile Range||326-328|
|Average Undergraduate GPA||3.85|
| Average Full-Time Work Experience||4 years|
| Students Holding Master's Degree||67%|
|Average Age||25 years old|
|Age Range||24-47 years old|
“Our faculty is on a mission to build an outstanding Ph.D. program, one that successfully places its candidates at top-tier institutions.”
Application Deadline: The deadline to apply for Fall 2024 is January 9, 2024.
Application Fee: All applicants are required to pay a nonrefundable application fee of $100 USD.
Interviews: If selected, applicants will be invited to interview in early spring.
Admission Decisions: Applications are generally reviewed after the final deadline has passed. There is no specific decision notification date for Ph.D. programs. Final decisions are typically available by mid-spring.
Your current curriculum vitae should include your education, research, and professional information.
We also require a separate Employment History, using the form provided within the online application.
Recommendations from two individuals who can provide an objective appraisal of your capacity for intensive graduate study and potential for professional success.
All applicants must possess a four-year bachelor’s degree from an accredited college or university. You must submit transcripts from every institution where you were enrolled in a degree-granting program. At the time of application, only a self-reported transcript is required but if you are admitted, we will require an official transcript sent directly from your degree-granting institution. Transcripts should include:
All grades received (including transfer credits and study abroad programs)
Degree conferral information
Graduates of non-U.S. institutions must possess a college or university degree equivalent to a four-year U.S. bachelor’s degree. If admitted, international students are required to submit an official English translation of all academic credentials, along with a third-party degree verification from an agency such as SpanTran or World Education Services (WES).
Applicants must submit GMAT or GRE scores from within the past five years. Our test codes are:
While Graduate Admissions does not have a preference between the GMAT or GRE, we encourage you to consult class profile data for average test scores in order to gauge where you stand.
If you are not a U.S. citizen or permanent resident, you are required to submit an English language proficiency exam score with your application. We accept TOEFL, IELTS, or PTE scores. We do not accept the Duolingo English Test.
Scores must be from within the past two years, and applicants must meet the following minimum scores:
TOEFL, iBT, and TOEFL iBT Home Edition: 100
You are eligible to waive the language test requirement if you meet either of the following criteria:
You have completed a four-year bachelor’s degree or a two-year master’s degree (or higher) at an institution where the medium language of instruction is English. You must have completed your degree in its entirety at the English-medium institution. The medium language of instruction must be indicated on your transcript or verified in an official letter from the institution.
You have worked in a full-time, post-degree position for at least two years in the United States or a country where English is an official language. NOTE: Working for a company that conducts its business in English in a country where English is not an official language will not qualify you for a language test waiver.
If you are eligible to waive the language test requirement, you do not need to submit a waiver request beforehand and can simply move forward with your application.
Applicants must submit a required essay discussing their research interests and career objectives. You may also submit an optional essay that addresses aspects of your candidacy that have not already been covered in other parts of the application.