UIUC Finance PhD Program

The Finance PhD program at the University of Illinois at Urbana-Champaign (UIUC) is a rigorous and highly selective program designed to train exceptional scholars for careers in academic research and teaching at leading universities worldwide. The program, housed within the Gies College of Business, emphasizes a deep understanding of financial theory, econometrics, and empirical methods.

The curriculum is demanding, typically spanning five years. The first two years are primarily dedicated to coursework, covering core topics in finance such as asset pricing, corporate finance, and market microstructure. Students also receive extensive training in econometrics, statistics, and mathematical modeling. These foundational courses are crucial for developing the analytical skills necessary to conduct independent research.

After completing the coursework, students must pass comprehensive qualifying exams to demonstrate their mastery of the material. Successful completion of these exams allows students to focus on their dissertation research. The dissertation is the cornerstone of the PhD program, requiring students to make original and significant contributions to the field of finance. Students work closely with faculty advisors who are experts in their respective areas. The faculty at UIUC Finance are actively engaged in cutting-edge research and are committed to mentoring students throughout their doctoral journey.

UIUC Finance has strengths in several areas, including asset pricing, corporate finance, behavioral finance, and financial econometrics. Faculty members have published in top-tier finance journals such as the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. The program fosters a collaborative research environment, encouraging students to interact with faculty and fellow students from diverse backgrounds.

Admission to the UIUC Finance PhD program is highly competitive. Successful applicants typically possess a strong quantitative background, often with degrees in economics, finance, mathematics, statistics, or engineering. A high GPA, strong GRE scores, and compelling letters of recommendation are essential. Prior research experience is also highly valued.

Graduates of the UIUC Finance PhD program have been placed at prominent universities around the world. The program provides students with the tools and support needed to launch successful academic careers. The rigorous curriculum, dedicated faculty, and collaborative research environment make UIUC a compelling choice for aspiring finance scholars.