Finance

Finance Ph.D. track

The Wayne State finance Ph.D. track prepares students to become faculty members at major research universities.

Our finance doctoral program has a 100 percent success rate in placing our graduates in tenure-track positions. We are also proud that our finance doctoral graduates have papers accepted for publication in top journals, such as The Accounting Review, Financial Management and The Journal of Banking and Finance, within the first year of graduation.

The finance track focuses heavily on corporate finance and asset pricing with a special emphasis on empirical research in the investigation of topics in these areas.

Below are the curriculum and graduation requirements for the finance track of the Ph.D. program. If you need more information, please contact the program advisor.

Finance track class profile

Our finance students began the program with a 691 average GMAT score.

Program advisor

Mbodja Mougoue
Professor of Finance
313-577-4539
ad4906@wayne.edu

Curriculum requirements

The Ph.D. in Business Administration requires a minimum of 90 credit hours beyond the baccalaureate degree. The division of these credits is as follows:

Master's level courses (7000 level)

These courses form the business core of the program and provide a cross-section of business operations, ethics and strategy.

All courses are three credits. Details are available by clicking each course link. At least 15 credits are required.

Students can transfer 15 master's level credits to their doctoral academic plan.

BA 7000 Managerial Accounting (3 credits)
BA 7020 Corporate Financial Management (3 credits)
ECO 7020 Fundamentals of Economic Analysis (3 credits)
FIN 7220 Advanced Managerial Finance (3 credits)
FIN 7230 Investment Policies (4 credits)

Finance courses

The courses below form the doctoral core for the finance track. These courses establish the high-level knowledge base required of Ph.D. students.

Each course is three credits unless noted. Course details are available by clicking each course link. At least 13 credits are required.

BA 8777 Professional Development (1-3 credits)
BA 8120 Theory of Finance
BA 8121 Seminar in Corporate Finance
BA 8122 Empirical Methods in Finance
BA 8123 Seminar in Corporate Governance
BA 8124 Seminar in Asset Pricing

Quantitative methods

The courses below form the quantitative emphasis of the finance track. These courses establish the high-level quantitative base required of Ph.D. students.

Each course is four credits unless noted. Course details are available by clicking each course link. At least 11 credits are required.

ECO 6100 Introduction to Econometrics
ECO 7020 Fundamentals of Economic Analysis
ECO 7100 Econometrics I
ECO 7110 Econometrics II

Minor and elective courses

To satisfy the minor requirement, students must enroll in the following courses outside the Mike Ilitch School of Business that support their Ph.D. track and area of interest.

ECO 7000 Microeconomics Theory I
ECO 7050 Macroeconomic Theory I

Dissertation research and preparation

The Ph.D. program requires the submission and defense of a dissertation, based on the student's original research.

During its preparation, the student registers for BA 9991 - BA 9994 Dissertation Research and Direction I IV (7.5 credits each semester, 30 credits total).