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Finance – (Ph.D.)
WU (Vienna University of Economics and Business)
Department of Finance and Accounting
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| Annual Tuition Fee: | Free ≈ € 720 (non-EEA) | ||
| Location: | Vienna / Austria / View location on map ▾ Hide location on map ▴ | ||
| Start Date: | October | ||
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| Languages: | English | ||
Location of WU (Vienna University of Economics and Business)
The PhD program in Finance is a joint initiative of the Institute for Advanced Studies (IHS), the University of Vienna, and WU. It is financed by the Austrian Science Fund (FWF) and organized by the Vienna Graduate School of Finance (VGSF). WU Professor Josef Zechner is Director of the PhD program in Finance.
The program, taught entirely in English, covers all major topics in finance, as well as the analytical methods required for conducting independent research. Graduates of the PhD program in Finance are awarded the academic title Doctor of Philosophy (PhD). They have excellent academic qualifications and specialized knowledge in the core subjects of modern finance and finance-related methods, as well as a profound understanding of the theoretical and methodological foundations of the field, enabling them to understand scientific contributions of others and to conduct independent scientific work on their own.
To enroll in the PhD program, students must have completed a master or diploma degree program. Admission to the PhD program is by application only. Enrollments in the PhD program in Finance are accepted only for the fall semester. Note that the admission process usually starts 10 months before the start of the courses.
The defensio dissertationis at the end of the PhD program is held by an exam commission made up of three examiners appointed by the Vice Rector for Academic Programs and Student Affairs.
Contents
Mandatory courses
Quantitative Methods
Financial Econometrics
Corporate Finance
Asset Pricing
Continuous Time Finance
Finance Paper Reading A
Finance Paper Reading B
Paper Writing
Finance Research Seminar A
Finance Research Seminar B
Electives from the fields of Asset Pricing, Corporate Finance
or Quantitative Methods: 6 courses
Successful completion of all required courses and electives and a positive grade on the PhD thesis are prerequisites for admission to the defensio dissertationis.
After assessment of the doctoral thesis:
Defensio dissertationis
You are normally required to take an English Proficiency Test if you come from a non-English speaking country.
Most European Universities recognise the IELTS test.
More informationGRE® revised General Test
GRE Scores are accepted at business schools worldwide. Learn more and register.
Register Now!Requirements
The following requirements have to be met in order to be admitted to the PhD Program in Finance:
• Successful completion of a relevant Master's program or a relevant equivalent degree program at a recognized Austrian or foreign post-secondary institution of education (according to § 64 (4) of the Universities Act 2002)
• Proficiency in financial economics
• Proficiency in mathematics and/or statistics
• Adequate English proficiency
• Achievement potential
Application deadline: The online application for the academic year 2012/13 is over now. Admission process for the academic year 2013/14 will start in the winter of 2012. Please note that only complete applications with all the required documents can be considered.
Admission procedure: Complete applications which meet all formal admission requirements will be evaluated by the admission committee. Based on this evaluation the best applicants will be selected and will be invited for an interview. Interviews will take place during March. Exact dates will be announced in due time. Applicants will be given sufficient advance notice by email of the date, time and location of the interview.
Based on all available evidence the admission committee will determine a final ranking of applications. The applicants at the top of the ranking list will be given an admission offer, in terms of a written notice of the applicant’s acceptance into the program. To claim his/her place in the program, the applicant must confirm the admission offer in writing within 10 days of receipt.
If the applicant accepts the admission offer she/he will receive the admission confirmation. The admission confirmation has to be presented at the time of enrollment together with the required original documents.
Additional Requirements
| Minimal degree required: | Master's degree |
| Minimal amount of work experience | Not specified |
Language Proficiency
| IELTS Band: | 7.0 |
| Cambridge English: Advanced (CAE): | Score: 67 |
| TOEFL Paper-based: | 600 |
| TOEFL Computer-based: | 250 |
| TOEFL Internet-based: | 100 |
Accreditation
The EQUIS accreditation is without a doubt WU’s most important international quality assurance standard. The limited circle of EQUIS accredited business schools includes only 130 universities in 36 countries (as of December 2010). WU is the largest of the EQUIS accredited schools in Europe, and one of only five accredited universities in the German-speaking world.
A clear mission statement and a modern and comprehensive selection of degree programs in line with the Bologna reform process convinced the EFMD (European Foundation for Management Development), the agency that grants EQUIS accreditation, that WU is worthy of this distinction. Quality and practical relevance of teaching, as well as the international orientation of the academic programs, were further criteria. Graduates’ qualifications and research activities were also evaluated, and all of these aspects, together with WU’s continuing education program portfolio, formed the basis for the panel’s positive decision.
EQUIS accreditation and the quality control process preceding it have added to WU’s reputation both in Austria and abroad. To meet the quality regulations, WU is subject to continuous and comprehensive quality assurance procedures. Important criteria for these procedures include:
› The university’s strategic development
› Internationalization
› Connections to the business community
› Quality management
AMBA (Association of MBAs) is one of the world’s leading accreditation agencies, alongside renowned institutions such as EQUIS, AACSB and FIBAA. AMBA’s prestigious quality assurance goes only to MBA and DBA programs that fulfill AMBA’s high standards.
All of WU Executive Academy’s MBA programs are AMBA accredited:
- Executive MBA (Vienna)
- Executive MBA (Bucharest)
- Executive MBA (PGM Vienna)
- Professional MBA
Currently, only 161 business schools in 72 countries (as of October 2010) have received AMBA accreditation. WU is one of only three AMBA accredited universities in the German-speaking world.
Funding details
The VGSF offers up to five scholarships for the best PhD applicants. Decisions on financial support for the program are made during the admission process. For further information, please see: www.vgsf.ac.at/vgsf/application
Contact
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