PhD in Finance

Washington State University Carson College of Business

Program Description

PhD in Finance

Washington State University Carson College of Business

PhD in Finance

The doctorate in business administration with an emphasis in finance at Washington State University is designed to prepare graduates for careers in research and teaching. The primary goal of the finance doctoral program is to train academics for placements at AACSB-accredited universities throughout the United States and abroad. The program encompasses a variety of formal and informal interactions and projects with faculty and others, as well as course work, comprehensive exams, teaching experience and dissertation research. It enables students to develop substantial competencies in the theory, practice, and research methodology essential to the advancement of finance knowledge, while accommodating individual backgrounds, experiences, and objectives. Course work covers topics associated with the scholarly pursuit of marketing as well as topics from supporting fields of inquiry such as psychology, sociology, and management. Extensive coverage of research methods and statistics associated with the social sciences also is a large component of the program. In addition to specific coursework, the marketing doctoral program also provides an environment in which students can develop research competencies in close association with the marketing faculty and other graduate students.

Admission Requirements

Candidates must reach a minimum admissions index score of 1250 to be considered for admission. The index is based on the formula GPA x 200 + GMAT. There is not a minimum GMAT score. However, sucessful candidates typically exceed 650. GMAT score report code 09D-TL-81 Pearson Test of English score report code: 8Z2-GT-38 Desired pre-requisite courses: 3 semesters college level calculus, 1 semester mathematics for economists, 1 semester of linear algebra, 2 semesters of probability and statistics, 1 semester of intermediate microeconomics, 1 semester of intermediate corporate finance, 1 semester of investments, 1 semester of financial markets and institutions.

Desired Prerequisites to Enter the Ph.D. Program
    •    3 semesters of college calculus

    •    1 semester of mathematics for economists

    •    1 semester of linear algebra

    •    2 semesters of probability and statistics

    •    1 semester of intermediate microeconomics

    •    1 semester of intermediate corporate finance

    •    1 semester of investments

    •    1 semester of financial markets and institutions

Research Tool Requirements (20 credit hours)
    •    EconS/Fin 510 Statistics for Economists

    •    EconS/Fin 511 Econometrics I

    •    EconS/Fin 512 Econometrics II

    •    BA 598 Research and Professional Development Seminar (1 credit)

    •    Three of the following:

    •    Stat 530 Applied Linear Models

    •    MgtOp 516 Time Series Analysis

    •    Math 548  Numerical Analysis

    •    Stat 556  Introduction to Statistical Theory

    •    Stat 536 Statistical Computing

    •    MgtOp 519 Applied Multivariate Analysis

    •    Stat 522 Biostatistics and Epidemiology

    •    MgtOps 596 Advanced Topics in Operations and Statistics

    •    MKTG 593 Behavioral Research Methods Seminar

    •    Course approved by the Finance Ph.D. Program director

Major Field Requirements (15 credit hours)
    •    EconS/Fin 596 (I)  Advanced Topics in Financial Economics

    •    EconS/Fin 596 (II) Advanced Topics in Financial Economics

    •    EconS/Fin 596 (III) Advanced Topics in Financial Economics

    •    Two additional courses to be defined and approved the Finance Ph.D. Program director. Possibilities are MBA level finance courses, FIN 600 Independent Study (up to 6 credits), FIN 400 level course (up to 6 credits), MgtOps 596, statistics courses, or other.

Supporting Field Requirements (12 credit hours)

    •    EconS/Fin 500 Economic Theory I    (Static Optimization)

    •    EconS/Fin 501 Economic Theory II   (Introduction to Dynamics)

    •    EconS/Fin 502 Economic Theory III  (General Equilibrium)

    •    EconS/Fin 503 Economic Theory IV  (Short-run fluctuations and nominal rigidities

Suggested Study Program for the First Year
Fall Semester

    •    EconS/Fin 500 Economic Theory I

    •    EconS/Fin 501 Economic Theory II

    •    EconS/Fin 510 Statistics for Economists (4 credit hours)

    •    BA 598 Research and Professional Development Seminar (1 credit)

Spring Semester

    •    EconS/Fin 502 Economic Theory III

    •    EconS/Fin 503 Economic Theory IV

    •    EconS/Fin 511 Econometrics

Qualifying Exam

Students are required to take the Micro, Macro, and Econometrics qualifying exams after taking the EconS 500 to 503 sequences. However, this requirement will be waived for any of the three exams when the student receives no lower than an A- in that two-course sequence.

Written Field Examination
The examination is given to students after they complete their Ph.D. seminars in Advanced Topics in Financial Economics.

The research work must be original and relevant to the finance field and the finance literature.

This school offers programs in:
  • English

Last updated May 11, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2017
Full time
Start date Sept. 2017
USA District of Columbia, District of Columbia
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