The mission of the Department of Finance is to produce world-class research, deliver first-rate finance education, and contribute to the financial development of Hong Kong, Mainland China, and the Asia-Pacific region. The Department now has more than 20 full-time regular and visiting faculty members who are actively engaged in research and provide high-quality teaching. We also attract international renowned scholars and experienced industry practitioners to contribute to our research and teaching activities.
The Department has made remarkable achievements since its inception. It has been consistently ranked No. 1 in research in the Asia-Pacific region, and in the top 25 in the world by the FMA-ASU (Financial Management Association at Arizona State University) Finance research rankings. Because of the quality of its faculty, the Department has quickly gained an international reputation for its research, as well as a local reputation for its expertise in corporate finance, derivatives, and the local and regional financial markets.
The PhD programme in Finance strives to prepare students to make significant research contributions on topics such as corporate finance, financial contracts and institutions, asset pricing, market microstructure, derivatives, and international financial markets. The finance faculty works closely with students in helping them develop research topics and conduct academic research at a level that can be published in the top academic journals. The finance faculty also collaborates with students on joint research projects. The programme aims to place its graduates in academic positions at top research institutions.
The following is a list of institutions where recent graduates from the PhD programme are now working, or used to work:
University of Toronto (Canada), University of Manchester (UK), University of Warwick (UK), Lancaster University (UK), Erasmus University (Netherlands), Stavanger University (Norway), University of Melbourne (Australia), Massey University (New Zealand), Nanyang Technology University (Singapore), Hong Kong Polytechnic University, City University of Hong Kong, Hong Kong Baptist University, Tsinghua University, Shanghai University of Economics and Finance, and Tongji University.
The Department's main areas of research are corporate finance, financial contracts and institutions, asset pricing, behavioural finance, derivatives, and international financial markets.
Program information for 2020/21 is now ready at pg.ust.hk/programs.
i. General Admission Requirements
Applicants seeking admission to a doctoral degree program should have:
- obtained a bachelor’s degree with a proven record of outstanding performance from a recognized institution; or presented evidence of satisfactory work at the postgraduate level on a full-time basis for at least one year, or on a part-time basis for at least two years.
ii. English Language Admission Requirements
You have to fulfill English Language requirements with one of the following proficiency attainments*:
- TOEFL-iBT 80#
- TOEFL-pBT 550
- TOEFL-Revised Paper-Delivered Test 60 (total scores for Reading, Listening and Writing sections)
- IELTS (Academic Module) Overall score: 6.5 and All sub-scores: 5.5
*If your first language is English, and your bachelor’s degree or equivalent qualification was awarded by an institution where the medium of instruction was English, you will be waived from fulfilling the above English Language requirements.
#refers to the total score in one single attempt
Please refer to pg.ust.hk/programs ("Application") for details.