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
Anand Jha
Associate Professor of Finance
313-577-4539
ge3433@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).
Graduation requirements
All coursework must be completed in accordance with the regulations of the Graduate School and the Mike Ilitch School of Business.
Students enroll on a full-time basis and must complete the program within seven years of admission.
Learn more
Our Ph.D. program is a member of DocNet-Consortium of Business Doctoral Programs and the Ph.D. Project.
