NYU Stern’s Finance PhD program is highly regarded, consistently ranking among the top programs globally. It’s known for its rigorous curriculum, world-class faculty, and successful placement record.
The program emphasizes a deep understanding of core finance principles and equips students with the advanced analytical and quantitative skills necessary to conduct cutting-edge research. Students are expected to develop a strong foundation in areas like asset pricing, corporate finance, financial econometrics, and behavioral finance.
The curriculum is structured to provide a blend of theoretical coursework and practical research experience. In the first two years, students primarily focus on coursework, covering topics such as stochastic calculus, econometrics, microeconomic theory, and corporate finance theory. Comprehensive exams are typically administered at the end of the second year to assess mastery of the core material.
After passing the qualifying exams, students begin to dedicate their time to research, working closely with faculty members on independent projects. Stern’s finance faculty are leaders in their respective fields, publishing in top-tier academic journals. The program actively promotes collaboration between students and faculty, fostering a vibrant and supportive research environment.
NYU Stern provides a stimulating environment for doctoral research with access to extensive datasets, computational resources, and research seminars. Students also have opportunities to present their work at internal workshops and external conferences, gaining valuable feedback and exposure to the broader academic community.
The program’s placement record is exceptionally strong, with graduates securing positions at leading universities and research institutions worldwide. Recent graduates have been placed at institutions such as Harvard Business School, University of Chicago Booth School of Business, Stanford Graduate School of Business, and MIT Sloan School of Management. The program also prepares students for careers in the financial industry, particularly in quantitative research roles.
Admission to the NYU Stern Finance PhD program is highly competitive. Successful applicants typically possess a strong academic background in economics, finance, mathematics, statistics, or related fields. Strong quantitative skills, excellent GRE scores (though some programs are now test-optional), and a demonstrated aptitude for research are crucial for admission. A clear statement of purpose outlining research interests and goals is also essential. Recommendation letters from professors who can attest to the applicant’s research potential are highly valued.
Overall, the NYU Stern Finance PhD program offers a challenging and rewarding experience for aspiring finance scholars. Its rigorous curriculum, world-class faculty, and emphasis on research provide students with the tools and support necessary to launch successful academic careers.