The Department has a formally structured PhD Finance programme which has received research training recognition from the ESRC. The programme aims to produce students whose research is of the highest international quality, and is designed to provide a broad based training in theoretical and empirical research methods in finance.
The PhD in Finance programme has two routes – Route 1 is for students coming from relevant master's degree programmes (such as the MSc Accounting and Finance or MSc Management and Regulation of Risk programmes at LSE, or equivalent elsewhere) and Route 2 is for those students who have already completed the Department's MSc Finance and Economics or MSc Finance and Economics (Research) programmes or equivalent elsewhere. During their first year, Route 1 students will take courses in Theories of Finance, Advanced Microeconomics, Financial Econometrics and Forecasting Financial Time Series to build their core knowledge in these areas. In their second year, Route 1 students will take a course in Empirical Finance together with an optional course. Route 2 students will take Theories of Finance, Empirical Finance and an optional course. Route 1 and Route 2 students attend a PhD Seminar in Finance throughout their PhD studies.
To progress to the end of each year, students in both programmes must pass their examined courses at grades specified by the Department and make satisfactory progress in their research. Progress is regularly monitored by the Department's Postgraduate Assessment Review Panel.