The SSE PhD program in Finance is a North American-style program with around 25 doctoral students.
The course work part of the program is integrated in the Economics PhD Program: In the first one and a half semesters, finance PhD students take courses Mathematics, Econometrics, Micro- and Macroeconomics, all offered within the framework of the Stockholm Doctoral Program in Economics, Econometrics and Finance (SDPE). In the latter half of their second semester, students begin reading core finance courses. In their second year, students take further core finance courses and can choose among several shorter mini courses, covering more specialized area in finance. Alternatively, students may also take one or the other second-year PhD course in economics.
In the second year, students also begin with their dissertation research under the supervision of an SSE faculty member. To help students find a dissertation subject some courses include term papers. The finance seminar series, of high international standard, is another source for discovering interesting research ideas. Presenting and discussing research at (internal) workshops - and possible conferences - is also considered an integral part of writing a dissertation. Students are expected to complete their thesis during their fourth or fifth year.
To be eligible for admission, we require the following:
1) A university level degree
2) At least three semesters of economics or finance courses (90 ECTS) including a thesis worth at least 15 ECTS
3) One year of Master level studies or the equivalent.
We are looking for academic excellence and for students who are well prepared for a PhD program in financial economics. Therefore, you are welcome to apply if you are studying in the first year of a MSc program. We may also admit students who for instance have a Bachelor’s degree in economics or finance and in addition have one to two years of coursework in mathematics and statistics at the advanced Bachelor level. We will also consider students with a very strong record from a four-year university program.
For SSE MSc students, there is the possibility of a parallel intake. First year SSE MSc students can apply, and if accepted join the PhD program after their completed first year. All non SSE applicants to the Finance Program are required to take the general GRE test (Graduate Record Exam) (institution code 7016, department code 4102). The GMAT test may be taken instead, but the GRE is preferable. These test results have a validity of maximum 5 years.
It's also important to have a sufficient level of English to be able to participate. If you are a native English speaker or have undertaken a university study program in English, you do not need to take any language test. However, all other applicants will need to test their English proficiency. We prefer that you take the TOEFL test, but the IELTS test may also be taken. Please provide the score and a copy of the official test result attested (verified to be a copy of a true original and signed) by two people. Language test results have a validity of maximum 4 years.
There is no minimum score requirement for any of the tests.
The Stockholm School of Economics does not charge any tuition for its PhD programs and offers funding for graduate studies. All PhD students admitted receive a scholarship for their first year to cover living costs. The current scholarship amount is 13 000 SEK per month. A student who receives a scholarship for the first year of study may expect the scholarship to be renewed for the second year provided that the course requirements for the first year are fulfilled.
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