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In business academics, a Online PhD Finance program is considered a terminal degree, which means it reflects one of the highest levels of expertise in the field. Students pursuing a Ph.D. in Finance acquire a comprehensive education and practical training in the areas of corporate finance, financial products and markets, investment banking, etc. A strong emphasis is placed on research in both DBAs and Ph.Ds. in Finance programs, which provides doctoral candidates with opportunities to learn about research procedures and conduct self-guided independent studies. Students enrolled in an online Ph.D. finance gain the knowledge and skills necessary to succeed in business and advance their careers in the finance industry. While a DBA (Doctor of Business Administration) is better suited for working professionals interested in furthering their career in senior positions in the industry, the Ph.D. in finance program is best suited for those interested in academia. Employment in finance occupations is projected to grow at 8% from 2020 to 2030, which is about as fast as the average rate for all occupations. The median annual wage for finance occupations was $72,250 in May 2020. While these figures are primarily applicable to master’s degree holders, Ph.D. holders can earn considerably more and land senior roles, indicating a bright future ahead of them. This page contains information about the doctorate in finance, including its curriculum, certifications, accreditation, funding, and the best Ph.D. in finance programs, among other things.
Best Online Phd Finance
Programs
A successful school should, of course, have outstanding infrastructure, well-structured programs, trained, qualified, and experienced teaching staff, excellent research facilities, and strong student support services, among other things. Accreditation is also what distinguishes a well-known school committed to providing high-quality education. Many universities in the United States offer notable Ph.D. in finance programs, and most of them are competitive, making finding the finest one challenging. Using a variety of essential components and factors, FBD’s numerous teams discovered and evaluated hundreds of schools to generate a finance Ph.D. ranking. The following is a list of some of the best online Ph.D. programs in finance: *
Universities and programs are ranked by various factors, such as affordability, curriculum and coursework, reputation and availability, program length, statistics, the potential of employment, and return on investment for the students. For a more in-depth analysis, please read about our rankings methodology page.
What to expect from the Online
Phd Finance?
Areas of Specialization for Online
Phd Finance
Most universities offer financial education through various concentration areas, which differ from each other. Specializations and concentrations allow students to delve deeper into their chosen fields of study. In a specific field of finance, they provide specialized knowledge and abilities that can be applied in a variety of business and industrial settings. They also have a substantial impact on one’s earning potential and future employment opportunities. Here are some examples of specializations available for students pursuing an online Ph.D. in finance:
Specialization | Description | Institutions | Careers |
---|---|---|---|
Ph.D. in Banking and Finance | The Ph.D. in Banking and Finance specialization studies the critical components of the domestic and international banking sector from a financial and economic standpoint. | Doctorate in Banking & Finance holders can find positions in banks, asset management firms, wealth management firms, non-banking financial corporations, etc. | |
Ph.D. in Quantitative Finance | The Ph.D. in Quantitative Finance specialization covers mathematical and quantitative approaches to financial innovation and disruption. It focuses on increasing returns and lowering the risks in the market. | Doctorate in Quantitative Finance holders can find positions in banks, asset management firms, wealth management firms, non-banking financial corporations, governmental agencies, trusts & foundations, multinational corporations, etc. | |
Ph.D. in International Finance | The Ph.D. in International Finance specialization focuses on international finance and matters related to it, such as currency, international business law, cross-border trade, international investments, etc. | Doctorate in International Finance holders can find positions in banks, multinational corporations, governmental agencies, wealth management companies, or work as independent consultants. | |
Ph.D. in Computational Finance | The Ph.D. in computational finance examines the use of computational intelligence in financial decision-making, as well as the modeling of financial markets, along with how to analyze and interpret data and create data-driven investment strategies using various software tools. | This specialization emphasizes analytical and quantitative approaches to analyze and interpret data and create data-driven investment strategies | Doctorate in Computational Finance holders can find positions in multinational corporations, wealth management companies, asset management companies, or governmental agencies. |
Ph.D. in Financial Economics | The Ph.D. in Financial Economics specialization studies the economic effects on finance and generates a unified curriculum that focuses on asset pricing, metrics, macroeconomics, and banking. | Doctorate in Financial Economics holders can find positions in multinational corporations, international funding agencies, asset management companies, or governmental agencies. | |
Ph.D. in Financial Engineering | The Ph.D. in financial engineering specialization is built on a solid base of financial science and incorporates the development of new quantitative responsibilities such as delivering risk models and trading directly, library control, model validation, risk management, and programming. | Doctorate in Financial Engineering holders can find positions in banks, asset management firms, wealth management firms, non-banking financial corporations, governmental agencies, trusts & foundations, multinational corporations, etc. | |
Ph.D. in Corporate Finance | This specialization focuses on the management of financial resources of non-financial firms and business houses. It involves the planning, acquisition, and financing of resources for businesses. | Doctorate in Corporate Finance holders can work in businesses, non-banking financial corporations, banks, or work as independent consultants. | |
Online Ph.D. in Accounting and Finance | The Ph.D. in Finance and Accounting specialization focuses on the fundamental principles of finance and accounting and financial markets. It emphasizes financial management and comprehending a country’s economic issues and monetary policies, among other things. | Doctorate in Accounting & Finance holders can find positions in banks, asset management firms, wealth management firms, non-banking financial corporations, governmental agencies, trusts & foundations, multinational corporations, etc. |
Some examples of other specialization areas with Ph.D. finance include:
Why should I do an Online
Phd Finance?
How to get into the Online Phd
Finance program?
Can you get a PhD in finance? The Ph.D. program is rigorous and comprehensive, and it is only natural for the acceptance procedure to be equally rigorous. During enrollment, admissions officers or committee members check to see if the applicant has what it takes to pursue the program and will put in the effort necessary to complete the program effectively and successfully. Colleges look for competent applicants with experience in their subject and vital academic records, with a keen interest in research and delivery. Apart from rudimentary admissions requirements, it is not uncommon for an interview with a member of the admissions committee to be called for during the final stages of the application process. It is worth noting that each school has its own admissions process and set of standards distinct from the others. Here are some of the essential and generic admissions requirements for an online Ph.D. in finance program:
- Application for Admission
- Application Fee
- Official Academic Transcripts
- An Undergraduate degree from an accredited college or university
- Acceptable undergraduate coursework and Grade Point Average (GPA)
- A Master’s degree in finance or a closely related field from an accredited institution. (Preference is generally given to applicants with a master’s in finance)
- A Grade Point Average (GPA) of at least 3.0 on a scale of 4.0 in graduate-level studies
- Acceptable Graduate Management Admission Test (GMAT) or Graduate Record Exam (GRE) score (no more than five years old)
- Personal Statement or Statement of Purpose
- Professional Resume
- At least 3 to 4 Letters of Recommendation
Apart from this Ph.D. in finance requirements, some schools may require students to submit an Admission Essay or Scholarly Writing Sample and complete prerequisites courses such as mathematics, statistics, financial analysis, micro, and macroeconomics, etc., especially if they do not have a background in finance.
How long does it take to complete the
Online Phd Finance?
Accreditation for Online
Phd Finance
Online PhD in Finance no
GRE Programs
Fully Funded Online PhD
Finance Programs
Accelerated Online PhD
in Finance
How to Pay for Online Phd
Finance Programs?
Free Courses for Online
Phd Finance
Students can seldom find quality free online courses in finance that are relevant and applicable to Ph.D.-level studies. Nevertheless, a few study portals offer free courses that may be of us to Ph.D. finance students. Most such offerings, however, serve as guide rails for a thesis, at best. One must also remember that free courses do not lead to a certificate; they provide additional knowledge and information to widen one’s horizons and study beyond the textbook. Here are some resources where free courses and classes can be found:
Course | Description | Offered by |
---|---|---|
Finance and Finance-related Topics | EdX, a leading study portal, offers a host of finance and finance-related topics across different learning levels. Topics include ‘Electronic Trading in Financial Markets’, ‘Public Financial Management’, ‘Deep Learning & Neural Networks for Financial Engineering’, ‘Fintech: AI & Machine Learning in the Financial Industry’, ‘Financial Development and Financial Inclusion’, ‘Managing Personal Cash & Credit’, and more. | EdX |
Finance and Finance-related Topics | OpenLearn (The Open University) offers 4 free finance courses in collaboration with other institutions – ‘Equity Finance’, ‘Introducing Corporate Finance’, ‘Quantitative and Qualitative Research in Finance’, and ‘Stakeholders in Marketing and Finance’. While these are better suited for master-level studies, they may be of use to Ph.D. students as well. | OpenLearn |
Finance and Finance-related Topics | MIT Open Courseware has several free graduate-level courses on various finance topics, which could potentially serve as refresher courses for Ph.D. students. Topics include ‘Behavioral Economics and Finance’, ‘Consumer Finance: Markets, Product Design, and FinTech’, ‘The Law of Corporate Finance and Financial Markets’, ‘Financing Economic Development’, and more. | MIT Open Courseware – Massachusetts Institute of Technology |
FAQs about Online Phd
Finance Programs
How to get a doctorate in Finance?
What are the best PhD programs in Finance?
What can you do with a doctorate in Finance?
What is the average fee charged by the colleges?
How long is a PhD in finance?
Can you get a PhD in finance online?
What is the difference between a PhD and DBA?
Career Opportunities and Salaries after
Online Phd Finance
Although a Ph.D. in finance is better suited to enter senior positions in academia, it is not uncommon for individuals to seek careers in business and industry as well. Some potential Ph.D. careers are in investment banking, financial research & analysis, and private equity, higher up in the hierarchy.
What can you do with a PhD in finance? A Ph.D. degree in finance qualifies professionals for a variety of challenging executive positions, including controllers, financial managers, and chief financial officers (CFOs). When it comes to teaching at colleges and universities, a Ph.D. is often necessary, and many graduates go on to become professors, take up research, or become consultants.
Some finance Ph.D. careers and job titles include but are not limited to:
The PhD in finance salary varies according to seniority, industry type, geographic location, and company size, among other things. But as an indicator, according to the U.S Bureau of Labor Statistics (BLS), the median annual wage for finance occupations was $72,250 in May 2020, which was higher than the median annual wage for all occupations, and employment in finance occupations is projected to grow 8% from 2020 to 2030, about as fast as the average for all occupations.
Here is a list of a few examples of occupations that Ph.D. holders in finance can qualify for (with additional experience and training), and their salaries as reported by salary.com:
Occupation | Job Description | Job Growth (up to 2030) |
---|---|---|
Finance Professor | A Finance Professor is primarily involved in teaching excellence, including traditional and online classes, in the fields of financial and managerial accounting, at universities, colleges, and other educational institutions. | $77,802 – $104,156 |
Quantitative Finance | A Quantitative Finance demonstrates a strong knowledge of ratings criteria and cash flow analysis by helping to resolve clients’ analytical questions. They also review third-party model output and reconcile it with cash flow results from internal models. | $71,086 – $75,499 |
Chief Financial Analysis Officer | A Chief Financial Analysis Officer evaluates organizational projects or plans to determine financial impact, plans and directs all aspects of an organization’s financial analysis projects and statistical studies, and identifies short-term and long-term business plans in accordance with standard financial policies and regulated procedures. | $241,799 – $269,324 |
Chief Financial Officer | A Chief Financial Officer develops an organization’s overall financial policies, provides strategic direction of all financial functions, including accounting, budget, credit, insurance, tax, and treasury. | $374,879 – $431,351 |
Finance Director | A Finance Director directs an organization’s financial policies, planning, reporting, and controls while overseeing all financial functions, including accounting, budgeting, credit, risk, tax, and treasury. | $173,747 – $192,393 |
Manager – Budgeting and Financial Control | A Budgeting and Financial Control Manager monitors actual performance against estimates, prepares annual and intermediate budgets, directs and coordinates budgeting activities and the implementation of the organization’s budget policies, and reviews operating budgets periodically to analyze trends affecting budget needs. | $119,984 – $128,805 |
Certifications and Licensing for
Online Phd Finance
Additional Resources for Online
Phd Finance Degree
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Disclaimer:
The average tuition (based on degree type for in-state students), average graduation rates, and rankings are based on data from various sources, including the Integrated Postsecondary Education Data System (IPEDS), and are variable over time. All rankings and statistics are subject to change. The rankings are solely the opinion of Find Best Degrees (FBD) and are based on our proprietary methodology. They do not represent the views of the institutions or organizations mentioned, nor do they represent any official government census or survey. Furthermore, any views or opinions expressed on this page are of FBD’s researchers and teams. Unless otherwise specified, they do not represent the thoughts and opinions of the individuals, institutions, or organizations mentioned. This page’s content is provided solely for informational purposes, with data drawn from various sources, including IPEDS. FBD and its employees make no guarantees regarding the accuracy or completeness of any information found on this page or by following any link. FBD will not be held liable for any errors or omissions in this material nor any losses, injuries, or damages resulting from the exposure or use of this information. Although the information on this page is/was correct at the time of publication, readers should exercise caution because some or all of the provided information may have changed over time, potentially resulting in inaccuracies. For more information, please read our Terms of Service. Trademarks and logos are the property of their registered owners. | Page last updated: Dec 2023.