PhD in Business Administration

Finance

The PhD. degree in Business is a research-oriented academic degree. Accordingly, the program for Finance majors features a strong research component.

The objectives of this program are to provide you with:

  • In-depth knowledge of the field of Finance, with emphasis on sub areas of corporate finance, investment, and financial institutions and markets
  • Exposure to theories and models relevant to the study of issues and problems in contemporary finance
  • The ability to integrate financial knowledge into a logical framework, including the skills to separate myths from research-backed facts and to communicate those results in a scholarly and practical fashion
  • Sound conceptual understanding of a set of research tools (e.g. econometrics, research designs and methodology, programming, simulation, etc.) and technical knowledge in their applications and limitations
  • Skills to conduct scholarly research and communicate results effectively to an academic and practitioner audience
  • Skills development in classroom instruction and teaching effectiveness

The PhD. degree in Business Administration at Florida International University is designed to admit individual candidates with bachelor degrees in any discipline. For those candidates not possessing a baccalaureate or master's degree in business, a tutorial program or certain course prerequisites may be required by the student's Area Coordinator.

All students are required to complete a minimum of 16 courses. Those concentrating in Finance must take six courses or seminars in Finance (as described below), a two-course sequence in advanced economic theory, and a two-course sequence in either advanced econometrics or an equivalent sequence of courses in advanced statistics. With the advice and consent of the departmental PhD. committee, students also select other supporting coursework. The first year of study is regarded as "Tier I" in the PhD. program, and successful completion of this year of study is a prerequisite for enrollment in some of the more advanced courses.

You are expected to maintain a GPA of 3.5 or better in the six departmental courses that comprise the Finance concentration. In addition, you are expected to maintain a GPA of 3.3 or better in all of you coursework.

The sample program of study below describes the schedule for a typical student. Variations may be allowed for some students, and, of course, the requirements may change at the discretion of the PhD. Committee.

Year Semester Credit Course
1 Fall 3 Financial Economics I**
3 Statistical Methods in Finance I***
3 Financial Theory I
1 Spring 3 Financial Economics II**
3 Statistical Methods in Finance II***
3 Financial Theory II
Summer Qualifying Examination
1 Summer 6 Empirical Project
Tier 2 Courses
2 Fall 3 Seminar in Futures Markets
3 Seminar in Investments
3 Foundations of Financial Models
2 Spring 3 Seminar in Options and Contingent Claims
3 Seminar in Portfolio Theory
3 International Corporate Finance
Summer Comprehensive Examination
2 Summer 6 Empirical Project
3 Fall 3 Dissertation Preparation
3 Dissertation Preparation
3 Dissertation Preparation
3 Spring 9 Dissertation
3 Summer 6 Dissertation
4 Fall 9 Dissertation
4 Spring 9 Dissertation

If need be, one or more courses will be offered in Fall of third year.

FIN 7536 - Seminar in Futures Markets
FIN 7527 - Seminar in Investments
FIN 7606 - International Corporate Finance
FIN 7807 - Seminar in Corporate Finance
FIN 7808 - Financial Theory I
FIN 7809 - Financial Theory II
FIN 7810 - Financial Theory III
FIN 7811 - Financial Markets and Institutions
FIN 7812 - Seminar in Options and Contingent Claims
FIN 7816 - Seminar in Portfolio Theory
FIN 7818 - Foundations of Financial Models
FIN 7845 - Statistical Methods in Finance I
FIN 7846 - Statistical Methods in Finance II
FIN 7855 - Financial Economics I 
FIN 7856 - Financial Economics II
FIN 7906 - Independent Study
FIN 7916 - Doctoral Research Project in Business 
FIN 7936 - Finance Doctoral Seminar
FIN 7980 - Doctoral Dissertation in Business Administration
FIN 7981 - Dissertation Preparation

*Many of the courses listed here are available only if there will be a sufficient number of doctoral students enrolled in the course.

You are required to complete research projects during the summer semesters following your first and second years in the program. One faculty member will serve as an advisor for all research projects in a given summer.

The primary objective of the first summer research project is to enhance your skills in using computer programs for research. You are expected to undertake a research project that will require you to use computers in order to complete it. To this end, you are expected to replicate some previously-tested hypothesis using new data or to engage in some other meaningful computer-based project.

The second summer research project, in contrast, requires you to develop an original research hypothesis. This hypothesis should be developed well in advance of the second summer semester so you will have enough time to execute the project during the summer semester.

For both summer projects, you must submit a written paper and make a presentation to the faculty. Ideally, these papers should be of sufficient quality to merit submission to a conference or a journal.

You must satisfy all university and college dissertation requirements.

For more information on the program, please contact:

Edward Lawrence

Dr. Edward Lawrence 
Coordinator of PhD in Finance

Department of Finance
11200 SW 8th Street
Ryder Business Building 208B
Florida International University
Miami, FL 33199-0001 
Phone (305) 348-0082
Email: elawrenc@fiu.edu

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