Finance (Ph.D.)

Integrated Masters with deeper specialization and research focus
Taught in English
Duration 4 Years
Mode On Campus
Level Postgraduate
Degree PhD
Closing soon January 2027

Course Overview

The Ph.D. in Finance at the Illinois Institute of Technology is designed for aspiring scholars and researchers aiming to push the boundaries of financial theory and practice. You will delve into advanced topics in financial economics, quantitative finance, and econometrics, preparing you to address complex challenges in investment, corporate finance, and risk management. This program is ideal for students seeking a rigorous academic foundation and the research skills necessary for high-level positions in academia or industry, fostering a deep understanding of financial markets and their intricacies.

This full-time, on-campus Ph.D. program typically spans four years, immersing you in core requirements covering mathematical economics, econometrics, and the theory and application of finance, including derivatives and investment strategies. You will engage with cutting-edge FinTech and research methods, potentially utilizing machine learning for finance. The curriculum culminates in a significant research and thesis component, where you will conduct original scholarly work. You will graduate prepared for careers as financial analysts, researchers, academics, or leaders in the financial services sector, equipped with advanced analytical and quantitative skills.

Course Curriculum & Details

Detailed information for serious evaluators

Program Overview

This Ph.D. program in Finance provides a rigorous foundation in economic and econometric theory, covering microeconomics, macroeconomics, and advanced statistical methods. Students will delve into core finance topics, including derivatives, financial statement analysis, and portfolio management, alongside specialized areas like FinTech, machine learning, and high-frequency trading. The curriculum is designed to equip doctoral candidates with the analytical tools and research methodologies necessary for advanced study and contribution to the field of finance.

1 Economics and Econometrics Core Requirements

Mathematical Economics I - Microeconomics
Econometrics and Statistics I
Mathematical Economics II - Microeconomics and Macroeconomics
Econometrics and Statistics II
Free Elective subject to advisor approval

2 Finance Core Requirements

Futures, Options, and OTC Derivatives
Financial Statement Analysis
Theory of Finance I
Theory of Finance II
Structured Fixed Income Portfolios
Quantitative Investment Strategies

3 FinTech and Research Methods Core Requirements

Corporate Finance
Machine Learning for Finance and Business
High Frequency Finance and Technology

Cost & Affordability

A clear picture of what this course will cost you

Program Costs

First Year Fee Tuition fee
USD 33,318.00
Second Year Fee Tuition fee
USD 33,318.00
Third Year Fee Tuition fee
USD 33,318.00
Fourth Year Fee Tuition fee
USD 33,318.00
Total Program Cost Estimated total tuition
USD 133,272.00

Currency note: Program costs shown in USD based on the available tuition breakdown.

Living Costs

Accommodation
USD 1,080.00 - USD 2,995.00
Food & Groceries USD 3,600.00 - USD 5,400.00
Transport USD 840.00 - USD 1,440.00
Utilities & Bills USD 1,200.00 - USD 2,040.00
Estimated Total USD 5,640.00 - USD 8,880.00

Living cost estimates are based on Eureka Campus.

Outcomes & Employability

What happens after you graduate

68%
Graduate Employment Rate Within 6 to 12 months of graduation

Common Graduate Roles

Aviation & Air TransportBanking & Financial ServicesBlockchain & Emerging TechnologiesCloud Computing & InfrastructureCustoms, Trade & ComplianceCybersecurityFinancial Technology (Fintech)Hardware & Semiconductor EngineeringInsurance & Risk ManagementProduct Management & UX

Top Employers Hiring for this course

Amazon

Bank of America

Capital one

Deloitte

Why Study Finance (Ph.D.) at Illinois Institute of Technology

What makes this program stand out

January 2027 Closing soon

Next intake is in January 2027

Moderate Application response time

Illinois Institute of Technology typically responds to applications within 1 - 2 weeks, giving you clarity on your options quickly.

Life at Illinois Institute of Technology in United States

What daily life looks like for international students

Language

English

Primary language everywhere

Climate

Mild & Rainy

10-20°C average, pack layers

Safety (Numbeo Safety Index)

Very Safe

Exeter is one of UK's safest cities

Frequently Asked Questions

Common questions about Finance (Ph.D.) at Illinois Institute of Technology

Can I work while studying?

International students can work up to 20 hours per week during terms and full-time during breaks. On-campus work requires no special permits, while off-campus work requires university approval after the first year.

What English language score do I need for this course?

For English proficiency, you can take Duolingo (overall score: 115), TOEFL (overall score: 80), or IELTS (overall score: 6.5). Specific sub-score requirements apply, so check the details for each test.

What jobs can I get after studying this course?

Graduates can pursue roles such as financial analyst, risk manager, academic researcher, investment consultant, and data analyst.

What will I actually study in this course?

Program Overview

The Ph.D. in Finance program at Stuart School of Business is both practice and research oriented, preparing you to initiate advanced techniques and research to solve problems in investment and corporate finance, to address regulatory issues in risk management and market functions, and to take on roles in finance in both industry and academia.

You will be immersed in industry-leading techniques and applications of financial

When can I start — what are the intake months?

The Ph.D. in Finance program has two intake months: January and September. Be sure to prepare your application accordingly for these periods.
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