PhD In Finance | Doctorate in Finance (DBA) Programs

What May You Do With a PhD in Finance?

As the highest achievement in business education, earning a PhD in Finance provides students with a strong foundation in the ...

theoretical and empirical aspects of modern and global finance and economics. Graduates in PhD finance programs receive in depth education in statistics, financial mathematics, investments. Students also learn extensively about corporate finance, financial markets and products. Are you drawn to academic research? Or, do you have a management oriented career in mind? There are different types of doctoral level degrees in finance to select from.

PhD In Finance

Typically a doctorate level finance program requires students to have a comprehensive background in college level mathematics and economics. Earning a Phd in Finance may take 4-5 years to complete. Some of this time will be spent on original research and writing a dissertation.

How To Choose a PhD In Finance Program: Campus, Hybrid or Online?

GradSchools.com has search tools to help you review your options. You might begin looking into where you can earn a PhD in Finance by performing a location search. There you will be able to obtain a list of accredited colleges and universities with the type of doctorate program you are looking for.

Then you want to spend some time reflecting on whether you are looking for a campus or online phd finance program. Campus based finance programs certainly offer face-to-face interactions with other students and your professors. Campus programs may also provide an opportunity to enrich your networks. This may be a good option for graduates with academic teaching or research aspirations.

Distance learning has the potential benefit of being flexible. You typically can log into your courses when it is convenient, and it tends to be more self paced. This might work for busy working professionals who cannot quit their jobs to advance their studies. Online PhD Finance programs may have a component that involves taking some courses on campus. This blended learning approach might work for someone who lived near enough to a campus but could not afford the time to be there full time. These are Hybrid programs

Some of the listings might include:

  • Doctor of Philosophy in Business Administration – Financial Management
  • PhD in Finance
  • Doctor of Business Administration (DBA) in Finance

To compare curriculum, admissions requirements, faculty, tuition and other details, request info from each school and keep the details on a list.

PhD in Finance or DBA in Finance?

There are two main doctoral level degrees to choose from: the PhD in Finance and the Doctor of Business Administration (DBA). PhD and DBA in Finance degree programs have some similarities. As doctorates they both require similar coursework, an exam, and a doctoral dissertation. The distinction between the two degrees becomes more apparent at the dissertation and job search phase.

PhD in Finance

While PhD research focuses on advancing business knowledge, The PhD in Finance is a generally considered the route into an academic career as a professor and university researcher, or, in the public sector it may also lead into advanced consulting or research roles in business or administration

DBA in Finance

Earning a Doctor of Business Administration in Finance may lead to a faculty position in a business school. However the emphasis of the coursework is more immediately applicable in corporate leadership and management. Typical DBA programs emphasize vocational training and applying existing theory to practical business problems

Potential Curriculum in PhD in Finance Programs

Current Phd Finance programs emphasize applying a variety of disciplines such as economics, sociology, psychology, systems engineering, and mathematics. These disciplines are designed to advance scholarly research in business and finance. Generally, doctorate degrees in finance focus on empirical research, scholarly writing and financial theories since they affect global business, investment and capital markets. Some of the topics students might explore at this level of education might include:

  • Ethics
  • Financial risks
  • Financial mathematics
  • Corporate finance
  • Advanced macro and micro economics
  • Financial models
  • Financial institutions, banking and monetary systems
  • Financial markets
  • International (Global) finance
  • Portfolio management
  • Financial asset prices

Potential Career Paths For Graduates With DBA or PhD in Finance Degrees

Finance PhD graduates are prepared for a variety of potentially high-level positions in workplaces that range from colleges and universities, to government, consulting firms, corporations and nonprofit organizations.

Is your goal is to become a postsecondary educator? The PhD in Finance may prepare you to teach finance in Business schools and colleges. These business schools are where work experience and a doctoral degree in the field you intend to teach are typically requisites for employment.

For leadership minded management graduates, earning a doctorate in finance may prepare you to take on a top executive role such as Chief Financial Officer. As a CFO, you might oversee the investment of funds or prepare budgets and direct administer an organization’s financial reporting.

Is finance, accounting, economics or business administration  where your talents lie? IIf so, you might choose to pursue a career as a Financial Manager. As a Financial Manager, you may take on a role as a Controller for a business or government agency. You might also become a Financial Analyst if you are someone who enjoys helping others make investment decisions.

Always look into certifications, licenses and regulations as some securities related industries are regulated.

Ready To Pursue Doctorate In Finance?

Whether you are hoping to work in consulting, research or academia, a clear sense of direction will help you select a doctorate degree in finance. Why not start your search on GradSchools.com today?


Sources: bls.gov/ooh/education-training-and-library/postsecondary-teachers | bls.gov/ooh/management/top-executives.htm | bls.gov/ooh/management/financial-managers.htm | bls.gov/ooh/business-and-financial/financial-analysts