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Doctor of Philosophy (Finance)

Offered by:  School of Finance and Applied Statistics

  • 3 years full time, 6 years part time (maximum)
  • Commencement at any time subject to coursework and supervision requirements
  • CRICOS 008855K
  • Research-based program - 100,000 word thesis and preparatory coursework.

International Equivalents for Consideration of Admission
 

Overview

The Phd is the pinnacle of academic study.  Entry to the ANU PhD in Finance is only open to students who are able to demonstrate superior achievement in their prior studies.  The program includes some preparatory coursework, however the essential element of the degree is a 100,000 word thesis on an approved topic.

The PhD Program in Finance draws upon the expertise of international researchers and instructors located in the Australian National University.  

Admission

  1. Applicants are required to hold a Bachelors degree with Honours of at least 2A level in finance.
  2. Applicants who do not satisfy the minimum entry standard may enter through satisfactory completion of a preparatory course such as the Master of Finance or Master of Philosophy (Finance).
  3. Entry to the program is not automatic.
  4. English language proficiency requirements must be met.

Application information including forms.  Note it is not necessary to contact staff (other than the Convenor of the Graduate Program in Finance) before submitting an application.  A supervisory panel will be appointed upon acceptance into the PhD program.

Program Structure

Year 1 - Coursework and Thesis Proposal

  • Candidates develop a detailed thesis proposal in consultation with their supervisory committee.
     
  • Candidates undertake coursework which provides the foundation for the research component.  Candidates usually take up to six semester length courses as detailed below:

Compulsory courses:

Additional courses (up to 4) may be required depending on the students background and research area.  Possible courses include:

Each candidate's background and research area is considered individually and the coursework requirements are discussed with the candidate prior to enrolment. Students may be able to obtain exemption for prior equivalent studies.

  • To progress to the thesis component, the coursework must be completed at a satisfactory level (marks of at least 70%).

Years 2 and 3 - Thesis

  • PhD Thesis of up to 100,000 words of original research.  Students are assigned a supervisory committee.  Advisers may also be appointed.  Students are expected to consult widely with their supervisory committee, particularly the chair.  The role of the committee is to provide students with regular access to a panel who can assist, advise and provide support for a timely and successful completion.
     
  • Report:  Students must submit an annual report on their progress.
     
  • Annual Presentation:  Students are expected to make an annual presentation to the Faculty and other PhD candidates on the outcome of research undertaken during the year.  These presentations are typically held in the latter part of November.
     
  • Mid-Term Review:  Midway through the program, students are required to present a mid-term review comprising a seminar presentation and written paper.

Resources

In addition to University wide resources such as the extensive library collection and world class IT infrastructure, there are specific resources at the program level. Each student is provided with shared access to a room with a telephone and office equipment, a computer and access to fax, printing and copying facilities.

Research infrastructure includes a large number of financial databases for empirical work, such as DataStream, annual reports, derivatives data, IPO data, fund data and economic data.  Moreover, the program has excellent relations with exchanges such as the Australian Stock Exchange and the Sydney Futures Exchange and is a member of the Australian Capital Markets Foundation.

Seminar Series

Students are expected to attend and participate in the seminar programs conducted within the Graduate Program of Commerce and more generally in the Faculty. PhD students are expected to present at least one seminar on their thesis topic.