PhD specialisation in Finance

PhD specialisation in Finance

Faculty at the Department of Finance are dedicated to training and guiding PhD students to become leading researchers.

The PhD specialisation is designed for candidates with proven academic capabilities and the potential for cutting-edge research in finance.

Available PhD positions - apply here

  • PhD course portfolio in 2018

    PhD course portfolio in 2018

    PhD Course portfolio in Finance will be announced in March 2019  
  • Research environment

    Research environment

    The Department of Finance offers an active and dynamic research environment, with faculty members committed to training and guiding students throughout their PhD program.

    Once students have found a research topic, they are assigned to a faculty member doing related research.

    Students benefit from the seminar activity in the department, ranging from research presentations by internationally leading scholars to internal brown-bag discussions of current research projects.

    Students are encouraged to submit their research for presentation at seminars and conferences.

  • Course Component

    Course Component

    During the first year of required coursework, students are exposed to topics on the research frontier and start develop a research question for their thesis.

    Students must complete the following courses. 

    CORE COURSES Fall-2017

    CORE COURSES Spring-2018

    To specialise in their desired research field, students must complete a number of additional courses and workshops. Additional courses and workshops are offered by, for example, the Nordic Finance Network.


    The following elective courses are regularly offered at NHH:

    Students are encouraged to take more courses than the minimum number required by the NHH guidelines. 

    All PhD Courses

  • Structure and milestones

    Structure and milestones

    The PhD Finance specialization is challenging, and student initiative and motivation are key to succeeding in the program.

    PhD students are assigned to faculty members with an expertise suitable for the students' research interests. The intensity of the mentoring and supervision varies across faculty members, and students are responsible for seeking the advice and assistance that they need. 

    See also general milestones in your PhD required by NHH.

    Year 1

    • Finance course work
    • Formulation of research topic for thesis

    The first year ends with writing a summer paper. This paper should expand on existing reserarch and is aimed to help train the PhD students in doing research.

    Year 2

    • Submission of first summer paper (September)
    • Presentation of first summer paper (September)

    In the second year, students can take elective courses within their area of specialization. More importantly, students should develop and refine their research ideas to result in a second-year summer paper and a thesis proposal.

    Year 3

    • Submission of second summer paper (September)
    • Presentation of second summer paper (September
    • Submission of dissertation proposal (February)

    End of program

    • Submission of thesis
    • PhD Defense


    Towards the end of the first and second year, student are expected to write a summer research paper and to present this paper to the faculty. The two summer research papers are milestones for continuation in the PhD program and could potentially be included in the dissertation.

    Doctoral Thesis

    In the last two or three years of the PhD program, students focus on their dissertation. A thesis typically contains three research articles, some of which may be coauthored with faculty members or other PhD students. The last year of the PhD program allows the students to fully focus on their dissertaton work.

    Throughout the PhD program, students are expected to attend the Finance group's seminar series.