Graduate Bulletin

Business Administration/Finance, Ph.D.


Admission Requirements and Deadlines
Application Deadline:

Fall: December 15 for Fellowship consideration, rolling after that date.

All Ph.D. applications received after February 15 are processed together after the deadline date.

APPLY ONLINE to this graduate program.

Letters of Reference:

Number Required: 2

From Whom: Letters of recommendation should be obtained from evaluators, typically college/university faculty or an immediate work supervisor, who can provide insight into your abilities and talents, as well as comment on your aptitude for graduate study.

Coursework Required for Admission Consideration:

A year of college-level calculus is a prerequisite for the Ph.D. program in Finance.

Master's Degree in Discipline/Related Discipline:

A degree in business, economics, or a related area is expected.  An alternative is an equivalent research and teaching background.

Bachelor's Degree in Discipline/Related Discipline:

All applicants must present credentials that are the equivalent of the appropriate baccalaureate degree at Temple University.

Statement of Goals:

The Statement of Goals should be approximately 500-1,000 words in length and should include the following elements: your specific interest in Temple's program; your research goals; your future career goals; and your academic and research achievements.

Standardized Test Scores:

The GMAT/GRE is required. Applicants should submit their scores on the Graduate Management Admission Test (GMAT). In some cases, scores on the Graduate Record Examination (GRE) may be substituted. In general, scores above the 90th percentile are expected on each portion of the exam.

Minimum TOEFL score needed to be accepted: 100 iBT.


A resume is required.

Program Requirements
General Program Requirements:

Course Requirements
The PhD curriculum consists of a total of 16 PhD-level courses (48 credit hours), which include:
• 1 Concentration pro-seminar (FIN 9090 Special Topics in Finance)
• 3 Concentration seminars
- FIN 9001 - Corporate Finance Theory
- FIN 9002 - Empirical Research in Corporate Finance
- FIN 9005 - Empirical Asset Pricing
• 9 Theory and Research Methods courses
- BA 9101b – Statistical Methods for Business Research I (Theoretical)
- BA 9103 – Economic Theory of Choice
- BA 9104 – Game Theory
- BA 9205 – Information Economics
- BA 9203 – Financial Economics
- BA 9108 – Capital Markets Research
- BA 9105 – Business Econometrics I
- BA 9106 – Business Econometrics II
- BA 9209 – Business Econometrics III
• 3 Additional courses with the approval of the Finance Ph.D. advisor

Additional Requirements:

Statistics Competency Examination:

An assessment of proficiency in statistical theory and methodology will be made at the end of the first year in the program. Students who fail the statistics competency exam on the first attempt must sit for reexamination prior to the fall semester of their second year. A second failure will result in dismissal from the university. No third attempt is permitted.

Culminating Events:

Research Paper and Presentation Requirements:
PhD students in Finance are required to complete a 1st year research proposal by the end of September in the 2nd year. They are also required to complete a 2nd year research paper. The deadline for presentation of paper in the finance department internal seminar is fall of the 3rd year. After each presentation, a committee of finance faculty will evaluate whether the student has completed the paper and presentation requirement with satisfaction.

Comprehensive (Preliminary) Exam
PhD students in Finance are required to pass a Comprehensive (Preliminary) Exam in February of the 3rd year. The exam is designed to test whether the student has a comprehensive and integrated understanding of the theories, methodologies, and empirical findings in finance. It primarily focuses on the knowledge gained in the
concentration seminars and theory courses, albeit other pertinent materials may also be included in the comprehensive exam.


Program Contact Information:

Administrative Director
Stephen Boro
Alter Hall 337
Tel: 215.204.7043

Department Contacts:

Concentration Advisor:
Dr. Connie Mao
Alter Hall 416
Tel : 215.204.4895

About the Program

The Finance Ph.D. program is a specialization within the Ph.D. program in Business Administration. The Finance program prepares students for careers in teaching and research.

Time Limit for Degree Completion: 7 years


Research is supported by the Fox School of Business and Management's Advanta Center for Financial Services Studies, the Center for e-Marketing, the Center for Healthcare Research and Management, the Ethics Resource Center, the Irwin L. Gross eBusiness Institute, the Innovation and Entrepreneurship Institute, the Institute of Global Management Studies, the Safeguard Scientific Center for Economics Education, and the Small Business Development Center. Research interests of the Fox School faculty are also supported by numerous centers and institutes throughout Temple University.

Job Placement:

The program is primarily dedicated to producing well-trained researchers who will work in academic positions.



Non-Matriculated Student Policy:

Non-matriculated students are not permitted to take doctoral courses.

Financing Opportunities

Typically all PhD students receive financial assistantship in the form of full tuition remission and a stipend in return for offering services as a Research Assistant (RA) or Teaching Assistant (TA). Level of support is based on the concentration, the applicant’s qualifications, and competitive considerations.

Students can also receive remuneration for Conference travel, publications, and academic achievement.


Updated 10.10.13