Eller College of Management PhD in Finance

The Eller College of Management at the University of Arizona offers a rigorous and highly regarded PhD program in Finance, designed to prepare students for successful careers in academia and research-oriented institutions. The program is characterized by its small size, ensuring close interaction between faculty and students, and its emphasis on developing a strong theoretical foundation coupled with advanced empirical methods.

Curriculum and Focus

The curriculum is structured to provide students with a comprehensive understanding of the core areas of finance, including:

• Corporate Finance: Covering topics such as capital structure, dividend policy, mergers and acquisitions, and corporate governance.
• Asset Pricing: Exploring asset valuation models, market efficiency, behavioral finance, and derivative pricing.
• Financial Institutions: Analyzing the role and behavior of banks, insurance companies, and other financial intermediaries.
• Investments: Studying portfolio management, security analysis, and trading strategies.

Beyond these core areas, students are encouraged to develop specialized expertise in specific research areas based on their interests and faculty expertise. The program emphasizes a strong foundation in econometrics and quantitative methods. Students receive extensive training in statistical analysis, programming (e.g., R, Python, MATLAB), and data analysis techniques.

Faculty and Research

The Eller College’s Finance faculty are active researchers with publications in leading academic journals. Their research interests span a wide range of topics, creating a diverse and stimulating intellectual environment. Students work closely with faculty members on research projects, often co-authoring publications and presenting their work at academic conferences. This collaborative approach fosters intellectual growth and prepares students for independent research careers.

Admissions and Requirements

Admission to the Eller PhD in Finance program is highly competitive. Applicants are typically evaluated based on their academic record, GRE or GMAT scores, letters of recommendation, and a statement of purpose outlining their research interests and career goals. A strong background in mathematics, statistics, and economics is highly recommended. Previous research experience is also a significant advantage.

The program typically takes four to five years to complete. Students must pass comprehensive examinations in their chosen areas of specialization and successfully defend a dissertation that makes a significant contribution to the field of finance.

Career Prospects

Graduates of the Eller PhD in Finance program have secured tenure-track positions at respected universities both nationally and internationally. The program’s emphasis on rigorous research training and close faculty mentorship ensures that graduates are well-prepared to excel in their academic careers. The program also provides resources to help students navigate the job market, including workshops on resume writing, interviewing skills, and research presentations.

Overall

The Eller College of Management PhD in Finance offers a demanding yet rewarding experience for aspiring finance scholars. Its rigorous curriculum, dedicated faculty, and supportive environment provide students with the tools and resources they need to succeed in the competitive world of academic finance.