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PhD in Business (Finance)

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phd-business-finance-research

Assistant Professor, Nankai University, China

ZHANG HANYU

Intake Year: 2018
Research Area: Corporate Finance
Highest Qualification: Master of Science in Finance, Southwestern University of Finance and Economics, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Peter Joos (INSEAD)

Assistant Professor, Southwestern University of Finance and Economics, China

JIN ZUBEN

Intake Year: 2017
Research Area: Asset Pricing​​​​​​​
Highest Qualification: Master of Science in Statistics (Financial Statistics), London School of Economics and Political Science, United Kingdom

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Assistant Professor Sungjune Pyun (National University of Singapore)

Assistant Professor, University of Bristol, England

SANG BO

Intake Year: 2017
Research Area: Asset Pricing​​​​​​​
Highest Qualification: Master of Science in Finance, Washington University in St. Louis, United States of America

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Assistant Professor Lin Tong (Fordham University)

Assistant Professor, Southwestern University of Finance and Economics, China

CHEN ZILIN

Intake Year: 2016
Research Area: Finance
Highest Qualification: Master of Science in Statistics, National University of Singapore, Singapore

Dissertation Committee

Assistant Professor, CUNEF Universidad de Estudios Financieros, Spain

ANTONIA KIRILOVA

Intake Year: 2016
Research Area: Finance
Highest Qualification: Bachelor of Science in International Economics, Management and Finance (Major in Finance), Bocconi University, Italy

Dissertation Committee

Assistant Professor, University of International Business and Economics, China

LI HAOYUAN

Intake Year: 2015
Research Area: Corporate Finance, Behaviour Finance, PE/VC Investment​​​​​​​
Highest Qualification: Master of Arts in Economics, Central University of Finance and Economics, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Gennaro Bernile (University of Miami)

Economist/Operational Research Scientist, Kwai (Kuaishou), China

LI JIANGYUAN

Intake Year: 2015
Research Area: Corporate Finance
Highest Qualification: Bachelor of Finance, Shanghai University of Finance and Economics, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Professor Junye Li (ESSEC Business School)

Assistant Professor of Finance, Southwestern University of Finance and Economics, China

XUE SHUYU

Intake Year: 2015
Research Area: Corporate Finance, Corporate Governance
Highest Qualification: Master of Science in Finance, Washington University in St. Louis, United States

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

Research Engineer (Associate), GIC Private Limited, Singapore

CHENG HAO

Intake Year: 2014
Research Area: Asset Pricing and Risk Management
Highest Qualification: Master of Science in Applied Finance, Singapore Management University, Singapore

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Chen Ying (National University of Singapore)

Assistant Professor of Finance, Shenzhen Audencia Business School - Shenzhen University, China

DUAN XINRUI

Intake Year: 2014
Research Area: Finance​​​​​​​
Highest Qualification: Master of Science (Statistics), National University of Singapore, Singapore

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Huang Sheng (China Europe International Business Schoo

Assistant Professor of Finance, Shenzhen Audencia Business School - Shenzhen University, China

GUO LI

Intake Year: 2014
Research Area: Asset Pricing, Portfolio Management, Risk Analysis​​​​​​​​​​​​​​
Highest Qualification: Master of Science (Applied Economics), Nanyang Technological University, Singapore

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Visiting Professor Hai Lu (SMU - School of Accountancy)

Research Fellow, Auckland University of Technology, New Zealand

HA JINGI

Intake Year: 2014
Research Area: Market Microstructure, Mutual and Hedge Funds
Highest Qualification: Master of Science in Management Engineering, Korea Advanced Institute of Science and Technology, Republic of Korea

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Gennaro Bernile (University of Miami)

Assistant Professor of Finance, Shanghai University of Finance and Economics, China

SONG WANSHAN

Intake Year: 2014
Research Area: Finance​​​​​​​
Highest Qualification: Bachelor of Science in Finance, Southwestern University of Finance and Economics, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Professor Ashish Tiwari (University of Iowa)

Lecturer, Singapore Institute of Technology, Singapore

GAO FEI

Intake Year: 2013
Research Area: Finance​​​​​​​
Highest Qualification: Master of Philosophy in Risk Management Science, The Chinese University of Hong Kong, Hong Kong

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Cao Jie (The Chinese University of Hong Kong)
  • Associate Professor Gennaro Bernile (University of Miami)

Assistant Professor of Finance, University of International Business and Economics, China

GAO MENG

Intake Year: 2013
Research Area: Empirical Corporate Finance, Corporate Governance, Board of Directors, Insider Trading, Credit Rating​​​​​​​​​​​​​​
Highest Qualification: Master of Social Sciences, University of Macau, Macau

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Huang Sheng (China Europe International Business School)

Associate of Technology Group Business Partnership and Solutions (Real Estate), GIC Private Limited, Singapore

YAP KIAN LEONG NELSON

Intake Year: 2013
Research Area: Option Pricing, High Frequency Trading​​​​​​​
Highest Qualification: Bachelor of Science (Applied Mathematics), National University of Singapore, Singapore

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Chen Ying (National University of Singapore)

Assistant Professor of Finance, Fudan-Oceanwide International School of Finance, China

ZHOU SILI

Intake Year: 2013
Research Area: Private Equity, Corporate Finance, Entrepreneurship, Political Finance​​​​​​​
Highest Qualification: Master of Arts in Economics, Shanghai University of Finance and Economics, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Huang Sheng (China Europe International Business School)

Assistant Professor of Finance, University of International Business and Economics, China

ZHUANG YUAN

Intake Year: 2013
Research Area: Corporate Finance​​​​​​​
Highest Qualification: Master's Degree in Finance, Sun Yat-sen University, China

Dissertation Committee

Assistant Professor of Finance, East China University of Science and Technology, China

CHU LIYA

Intake Year: 2012
Research Area: Finance​​​​​​​
Highest Qualification: Master in Economics (Finance), Xiamen University, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

Assistant Professor of Finance, Capital University of Economics and Business, China

KANG MENGYAO

Intake Year: 2012
Research Area: Corporate Finance​​​​​​​
Highest Qualification: Bachelor of Management, Beijing Jiaotong University, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Huang Sheng (China Europe International Business School)

Assistant Professor, Nanjing Audit University, China

LIU CHENXI

Intake Year: 2012
Research Area: Corporate Finance​​​​​​​
Highest Qualification: Master's Degree (Accounting), Nanjing University of Aeronautics and Astronautics, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Wang Jiwei (SMU - School of Accountancy)

Chief Investment Officer, Aijian Group, Shanghai

YU YIWEI

Intake Year: 2012
Research Area: Corporate Finance, PE/VC Investment, Corporate Innovation, IPO​​​​​​​
Highest Qualification: Master of Arts (Major in Mathematics of Finance), Columbia University, USA

Dissertation Committee

Research Advisor:

  • Assistant Professor Cao Xiaping Jerry

Dissertation Committee Members:

External Member:

  • Professor Deng Yongheng (National University of Singapore)

Co-founder, Research Room Pte Ltd, Singapore

JONATHAN KHOO

Intake Year: 2011
Research Area: Corporate Finance, Real Estate Finance​​​​​​​
Highest Qualification: Master of Science in Engineering, University of Michigan (Ann Arbor), USA

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Gary Caton (Montana State University)

Assistant Professor of Finance, Lingnan College, Sun Yat-Sen University, Guangzhou, China

LENG TIECHENG

Intake Year: 2011
Research Area: Corporate Finance
Highest Qualification: Master of Science in Operations Management, Singapore Management University, Singapore

Dissertation Committee

Research Advisor:

  • Assistant Professor Cao Xiaping Jerry

Dissertation Committee Members:

External Member:

  • Assistant Professor Qian Meijun (NUS Business School)

Lecturer, Singapore Institute of Technology, Singapore

LI BINGQIAO

Intake Year: 2011
Research Area: Corporate Finance
Highest Qualification: Bachelor's Degree in Economics, Beijing International Studies University, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

Assistant Professor of Finance, Fudan-Oceanwide International School of Finance, China

SUN LIN

Intake Year: 2011
Research Area: Hedge Funds, Mutual Funds, Private Equity
Highest Qualification: Bachelor of Science in Quantitative Finance (Hons), National University of Singapore, Singapore

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

  • Assistant Professor Tang Yuehua
  • Assistant Professor Cao Xiaping Jerry

External Member:

Postdoctoral Researcher,
School of Management, University of Science and Technology of China

WANG YUCHEN

Intake Year: 2011
Research Area: Institutional Investment, Asset Pricing​​​​​​​
Highest Qualification: Bachelor's Degree in Economics, Wuhan University (Donghu), China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

Co-founder, TrioJent Group, Singapore

JACK HONG JIAJUN

Intake Year: 2010
Research Area: Information Asymmetry, Information Disclosure, Incentive Design, Text Analytics
Highest Qualification: Bachelor of Business Management, Singapore Management University, Singapore

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Professor Paul Malatesta (University of Washington)

Professor of Finance
School of Finance
Central University of Finance and Economics Beijing, China

JIANG FUWEI

Intake Year: 2010
Research Area: Asset Pricing, Return Predictability, Innovation, Behavioural Finance​​​​​​​
Highest Qualification: Master of Science in Finance, Singapore Management University, Singapore, Master in Economics (Finance), Xiamen University, Wang Yanan Institute for Studies in Economics (WISE), Xiamen, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

Co-founder, TrioJent Group, Singapore

KE JINGHAO

Intake Year: 2010
Research Area: Corporate Finance​​​​​​​
Highest Qualification: Bachelor of Business Management, Singapore Management University, Singapore

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Gary Caton (Montana State University)

Senior Lecturer, National University of Singapore, Singapore

LEE YEN TEIK

Intake Year: 2009
Research Area: Corporate Finance, Corporate Goverance, Social Networks, Credit Rating Agencies​​​​​​​
Highest Qualification: PhD in Business (Finance), Singapore Management University, Singapore

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Quoc-Anh Do (Department of Economics & LIEPP, Sciences Po)

Senior Lecturer, Department of Mathematics, National University of Singapore, Singapore

NG WEE SENG

Intake Year: 2009
Research Area: Mutual Fund Performance Persistence, Mutual Fund Ratings, Corporate Goverance​​​​​​​
Highest Qualification: PhD in Business (Finance), Singapore Management University, Singapore

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Quoc-Anh Do (Department of Economics & LIEPP, Sciences Po)

WANG LUYING

Intake Year: 2019
Research Area: Asset Pricing​​​​​​​
Highest Qualification: Master of Arts in Finance, Zhongnan University of Economics and Law, China

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Sterling Huang (Singapore Management University, School of Accountancy)

LO YI-HSIN

Intake Year: 2019
Research Area: Corporate Finance
Highest Qualification: Master of Science in Finance, The University of Manchester, United Kingdom

Dissertation Committee

Research Advisor:

Dissertation Committee Members:

External Member:

  • Associate Professor Wei Chishen (Hong Kong Polytechnic University)

YUN SUHEE

Intake Year: 2019
Research Area: Corporate Finance​​​​​​​
Highest Qualification: Master of Science in Finance, University of Seoul, Republic of Korea

Dissertation Committee

FAN QI (ALFRED)

Intake Year: 2020
Research Area: Asset Pricing, Financial Modeling
Highest Qualification: Master of Science in Quantitative Financial Economics, Duke University, United States of America

Dissertation Committee

GONG RUXUE

Intake Year: 2020
Research Area: Asset Pricing
Highest Qualification: Master of Science in Finance, Johns Hopkins University, United States of America

Dissertation Committee

GENG XUEQING

Intake Year: 2021
Research Area: Corporate Finance​​​​​​​
Highest Qualification: Master of Finance, University of Chinese Academy of Science, China

Dissertation Committee

TBA

ZHAI YONGHAO (ARCHAELAKE)

Intake Year: 2021
Research Area: Asset Pricing
Highest Qualification: Bachelor of Science in Mathematics and Applied Mathematics & Bachelor of Economics in Finance, Zhejiang University, China

Dissertation Committee

TBA

BAO YANLIN

Intake Year: 2022
Research Area: Behavioural Finance, Climate Finance, FinTech, Information in Financial Markets
Highest Qualification: Master of Science in Financial Technology, Hong Kong University of Science and Technology, Hong Kong SAR, China

Dissertation Committee

TBA

QIAN YARU

Intake Year: 2022
Research Area: Asset Pricing​​​​​​​
Highest Qualification: Master of Science in Financial Mathematics, The London School of Economics and Political Science, United Kingdom

Dissertation Committee

TBA

SOMPASSORN RUKSOMBOONDE

Intake Year: 2022
Research Area: Corporate Finance​​​​​​​
Highest Qualification: Master of Science in Asset and Wealth Management, Nanyang Technological University, Singapore

Dissertation Committee

TBA

MEI HAONAN

Intake Year: 2023
Research Area: Asset Pricing
Highest Qualification: Bachelor of Economics in Finance, Zhejiang University, China

Dissertation Committee

TBA

SUN YONGHENG

Intake Year: 2023
Research Area: Corporate Finance
Highest Qualification: Master of Finance, Xiamen University, China

Dissertation Committee

TBA

Enquiries may be directed to:-

Graduate Research Programmes Office
Lee Kong Chian School of Business
Singapore Management University
50 Stamford Road, #05-01
Singapore 178899

Tel: 65-6828 9585 / 65-6828 0896
Email : msc_phd_lkcsb@smu.edu.sg​​​​​​​

Programme Structure and Curriculum

The programme may only be taken on a full-time basis.

No, there is only one admission each year. It begins in August.

The first year of the PhD in Business (Finance) programme shares the same courses as the MSc in Finance programme. Students will proceed to Year 2 subject to fulfilling minimum GPA requirement and satisfactory completion of qualifying examination and oral presentation of thesis proposal. Candidates are to form Thesis Committee by the end of Year 1. Works on the thesis start in Year 2. Prior to the submission of the thesis, the student must complete 4 credit units of Advanced Research Topics (ARTs). Each ART can be a 1/2 or 1 credit unit course.

For more details, please refer to Programme Structure and Curriculum.

The duration of the PhD in Business (Finance) programme is usually 4 years.

These programmes are designed to have a predominant research component. Because of the tight academic schedule and work on thesis preparation, it will be extremely useful for students to have a good idea of their specific research topic at the point of admission.

Exemptions and waivers are considered on a case-by-case basis.

The programme is not offered by distance learning. The courses are conducted at SMU campus and candidates are expected to attend all the courses physically.

Admissions and Eligibility

The minimum requirements for admission to the programme are:

  • Undergraduate Bachelor's degree
  • Satisfactory GRE or GMAT results

Applicants must show proficiency in the English language. Applicants, whose undergraduate medium of instruction was not in English, are to sit for either TOEFL or IELTS.

    Work experience is not a compulsory requirement.

    More information can be obtained from the GMAT website and GRE website. The websites provide information about preparing and registering for the GMAT and GRE tests.

    SMU's GMAT institution code is as follows:

    • PhD in Business (Finance): F8D-7V-78
    • PhD in Business (OBHR): F8D-7V-29
    • PhD in Business (Marketing): F8D-7V-60
    • PhD in Business (Strategic Management & Organisation): F8D-7V-28
    • PhD in Business (Operations Management): F8D-7V-22

    SMU's GRE institution code is 2861.

      We do not have a minimum GMAT/GRE score as each applicant is evaluated on all the credentials.

      You can send the rest of the application to us, even if you have not taken the GMAT/GRE. However we will not process your application without your GMAT/GRE score. You should fax us your unofficial scores as soon as you receive them and arrange with the test centre for the official score report to be sent to SMU.

      No, GMAT/GRE is a compulsory requirement for every applicant regardless of the academic background and qualifications.

      Applicants must show proficiency in the English language. Applicants, whose Undergraduate medium of instruction was not in English, are to sit for either TOEFL or IELTS. More information can be obtained from the TOEFL website and IELTS website. SMU's institution code for TOEFL is 9014.

      We do not have a minimum TOEFL/IELTS score as each applicant is evaluated on all the credentials.

      You can send the rest of the application to us, even if you have not taken the TOEFL/IELTS. However we will not process your application without your TOEFL/IELTS score. You should fax us your unofficial scores as soon as you receive them and arrange with the test centre for the official score report to be sent to SMU.

      Applications

      To apply for the PhD in Business (Finance), please submit an online application via our website at
      /phd-business-finance-research/admissions-fees-scholarships

      Yes, there is a non-refundable application fee of S$15.

      Scholarships will be available to outstanding candidates for the full-time programme by research.

      Scholarship

      CitizenshipPhD
      Before Qualifying ExamAfter Qualifying Exam
      Singapore Citizen S$2,700S$3,200
      Singapore PR S$2,200S$2,700
      Foreign Students S$2,000S$2,500

      Scholarship recipients are expected to be teaching/research assistants during the term of the scholarship. There will not be additional pay for the teaching/research assistantships.

      The award of scholarship is at the discretion of the Admissions Committee.

      Teaching

      The programmes are taught by a team of dedicated SMU faculty who have extensive research experience in their respective area of specialty

      Insurance

      Please refer to Postgraduate Insurance website here.

      For enquiries on Insurance Coverage, Claims Status and Procedures, please contact

      Ms Loh May Yee of MYCG & Partners Pte Ltd
      Representing NTUC Income Insurance Co-operative Limited

      Mobile: +65 9762 2062
      Office: +65 8118 6924
      Email : smu@mycg.com.sg

      Please visit this page again for updates on information session dates.


      The tenure-track faculty are actively involved in teaching in the PhD programme and mentoring PhD students. 

      See full list of finance faculty.

      PROGRAMME COORDINATOR

      Professor Hao LIANG

      Admission Requirements

      • Undergraduate Bachelor's degree
      • GRE or GMAT
      • Cover letter
      • Curriculum Vitae
      • Statement of Purpose
      • 2 referee reports (A link will be sent to your referees' email directly; Please ensure that you have entered the official organisational email address of your referees accurately.)

      TOEFL/ IELTS

      Applicants must show proficiency in the English language. Applicants, whose medium of instruction at the Bachelor's/Master's level was not in English, are to sit for either TOEFL or IELTS.

      PhD Programme Fees

      Please refer to SMU PhD Programme Fees page for detailed and latest breakdown of fees.

      Subsidised Tuition Rates

      The scholarship provides fully subsidised tuition for all students admitted into the programme from August 2016 intake.

      SMU Scholarship

      The University awards scholarship and research/teaching assistantships to full-time PhD students on a competitive basis.

      The scholarships provide waiver of the registration fee, as well as subsidised tuition. Subject to satisfactory progress1, scholars also receive a monthly living stipend. The maximum scholarship duration is 4 years for PhD programmes. Beyond the scholarship duration, students may receive continued support through research assistantship (RA) or teaching assistantship (TA).

      1 At the end of each year, the School will assess the student's academic performance and recommend whether to renew the scholarship.

      Monthly Living Stipend 

      CitizenshipPhD

      Before Qualifying Exam *wef 1 Jan 2024After Qualifying Exam *wef 1 Jan 2024
      Singapore CitizenS$3,200S$3,700
      Singapore Permanent ResidentS$2,800S$3,300
      Foreign StudentS$2,500S$3,000
      • From August 2015, Singapore Citizens will be provided with 17% CPF contribution

      SMU PGR Scholars are not allowed to take up any other gainful employment during the period of their scholarship without prior approval from the University. 

      As part of their Post-Graduate by Research training, SMU PGR Scholars are expected to work, without extra remuneration, as part-time Research Assistant/Teaching Assistant for up to seven hours per week.

      Conference Funding

      Students are encouraged to attend academic conferences, and to present research papers at conferences. PhD students with papers accepted for presentation at reputable conferences may apply for funding up to a maximum of S$3,500.

      Presidential Doctoral Fellowship

      Presidential Doctoral Fellowships are awarded to outstanding PhD students. Students awarded the fellowship received a higher monthly stipend for one year, and additional conference support of up to S$3,500 during the award period.

      Postgraduate Insurance 

      For more information on Postgraduate Insurance, please click here

      Application

      Applicants should indicate in their applications which programme they are applying for. Admission will be subject to the consideration by the Admission Committee.

      How to Apply

      Please click here on General Instructions for completing your Application.
      For Applicant's Self Service Guide, click here .
      For Applicant's Guide to Admissions, click here .

      Online Application:

      Online Application opens from 1 Aug 2023 - 31 Dec 2023 for AY2024 Aug Intake. 

      *If your application is received early, we may be able to interview you earlier and make you an early offer. 

      For New User

      You need to first register for an account with SMU before you can submit an online application form. Click on Create New Account below to proceed.

      For Existing User

      If you have already created an account with SMU, please go directly to the Login page to continue with your application.
      ​​​​​​​

      Kindly note that applications without supporting documents will not be reviewed.

      Students are encouraged to complete the programme in 4 years.

      The minimum duration of the programme is three years. Most students, however, are expected to take about four years to complete the programme. The maximum registration duration of the programme is five years, unless special approval for a longer duration is given by SMU.

      The curriculum consists of

      • 6 Foundation courses (6 course units)
      • 2 Electives (2 course units)
      • 4 Advanced Research Topics (ART) courses (4 course units)

      The programme also requires the preparation and completion of a PhD Dissertation (28 course units).

      Programme Schedule (Sample)

      YearTerm 1 (Aug - Nov)Term 2 (Jan - Apr)Term 3 (May - Aug)
      1Foundation courses

      Elective courses
      Foundation courses

      Elective courses
      Research
      2ART courses

      Research

      Prepare Dissertation Proposal
      ART courses

      Research

      Pass PhD Qualifying Exam

      Form Dissertation Committee
      Research
      3Submit Written Dissertation Proposal

      Oral Defence of Dissertation Proposal

      Dissertation Research
      Dissertation ResearchDissertation Research
      4Dissertation ResearchDissertation Research

      (i) Submit written report of completed Dissertation Research

      (ii) Oral defence of completed Dissertation
      (i) Revise and/or re-submit Dissertation Report

      (ii) Submit Approved Dissertation Report to LKCSB PGR Office

      (iii) Dissertation Report from LKCSB PGR Office to GSO for approval

      Year 1 & 2

      Years 3-4


      Six research foundation courses including:

      Foundations of Business Research
      Research Methods in Finance
      Empirical Finance
      Corporate Finance
      Microeconomics I
      Econometrics I

      Two electives:

      PhD level seminars in disciplines outside Finance, eg.

      Microeconomics II
      Econometrics II
      Mathematical Economics

      Four Advanced Research Topics (ART) courses:

      Corporate Governance: Financial Perspective
      Theory of Finance
      Research Seminar in Finance
      Analysis of Derivative Securities
      Advanced Corporate Finance
      Advanced Investments
      Independent Study

      Each course meets three hours per week during the Term.


      Completion of PhD Dissertation

      Students are expected to form the PhD Committee in Year 2, including selection of a PhD Supervisor. Then, under the supervision of the PhD Supervisor, students will prepare and defend their dissertation proposal, conduct dissertation research, and conduct a final defence of the dissertation.

      Graduation Requirements

      PhD in Business (Finance)

      • Research Foundation Courses (6 course units)
      • Electives (2 course units)
      • Advanced Research Topics (ART) courses (4 course units)
      • PhD Qualifying Examination
      • Oral Defence of Dissertation Proposal
      • PhD Dissertation (28 course units)
      • Oral Defence of completed Dissertation

      *As a matter of practice, however, the Programme would plan 2 electives and 2 ART courses for any incoming new batch of students to complete. Students who have taken the assigned electives and ARTs courses may, at the approval of the programme director, register to take additional elective(s) and/or ART courses. Two ART units are set aside as Independent Study to be completed with the supervisor or potential supervisor. These are also graded. All 6 foundation courses, 2 electives, and 4 ART units are to be completed before the Qualifying Examinations that will take place during the second year of study.Students who fail courses or the Qualifying Examinations may be asked to leave the programme without a chance to retake.

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