The goal of our Ph.D. program is to prepare students for research-oriented academic careers. The Ph.D. program is full time and usually takes four or five years to complete. The program emphasizes the use of knowledge from economics, finance, decision theory and statistics in order to examine issues in financial and managerial accounting research.
Throughout their experience, students work closely with faculty and the other Ph.D. students. Small class sizes and a low student-to-faculty ratio ensure that all students benefit from the attention and expertise of respected experts in their fields. Each student’s program of study is tailored to the student’s needs and interests. Students work with their department PhD Committee or Supervisory Committee Chair to design their program of study. Below is an illustrative list of classes that might be used to compose a program of study.
A minimum of 15 major field, 9 allied field, and 15 research competency credit hours are required. Three credit hours in research must be a Philosophy of Science course. Students are also required to take an effective teaching course, which is held the week between spring and summer semesters of their first year. Once students have completed all the necessary requirements to advance to candidacy, they are then required to complete a minimum of 14 hours of thesis research.
To learn more about each course, read the course descriptions in the General Catalog and Class Schedules.
Typical Program of Study
- ACCTG 7110: Seminal Works in Capital Markets Research
- ACCTG 7120: Advanced Capital Markets Research
- ACCTG 7130: Information Economics Seminar
- ACCTG 7140: Corporate Governance Seminar
- FINAN 7800: Financial Economics
- FINAN 7835: Asset Pricing
- FINAN 7830: Empirical Asset Pricing
- FINAN 7850: Empirical Research in Financial Management
- FINAN 7815: Foundations of Financial Economics
- FINAN 7890: Market Microstructure
- MATH 6805: Introduction to Probability
- MGT 7100: Research Design
- FINAN 7870: Empirical Methods in Financial Economics
- FINAN 7820: Econometrics I
- FINAN 7825: Econometrics II
There are no formal education requirements other than a bachelor’s degree. Specifically, an MBA or Master of Accountancy is not required.
We seek applicants who have strong interests in pursuing academic careers and have the skills necessary to successfully complete the program and conduct accounting research. Ideal candidates are motivated, are naturally curious, understand accounting and its role in business and the economy, and have strong quantitative skills (e.g., mathematics and statistics), data analysis skills (e.g., computer programming or statistical programming), and written and verbal communication skills. Additional coursework can be provided to compensate for a lack of quantitative background in cases where the faculty believe an applicant’s other qualifications are exceptional.
We admit students once per year, and applications are due by December 1.