The PhD concentration in finance emphasizes theoretical economics and provides a rigorous, analytically-grounded education. The Finance Department has a long and prominent intellectual history. Ideas that we now take as commonplace, such as moral hazard problems caused by deposit insurance and the Hansen-Jagannathan bounds in asset-pricing, have their origin at the Carlson School. Faculty members are also dedicated to producing top-flight scholars by offering both doctoral courses that focus on cutting edge research as well as collaborative research opportunities. Students who have strong interests and abilities in quantitative methods, mathematics, and economics will find this program both challenging and stimulating.
"I enjoyed each and every day of my five-year PhD study at the Carlson School of Management. Here, we have world-leading scholars who care and nurture PhD students. Faculty and students constantly discuss research ideas and collaborate on joint projects in a collegial atmosphere. The rigorous academic standard and the patient guidance from my advisory team prepared me for my future career in academia. PhD life in Minnesota is fun as well, camping, hiking, road trip, just to name a few. Even in the winter, life is never boring. I miss my time with my classmates to go ice fishing and skiing. The helpful staff in the school also made all administrative processes very straightforward. In short, Carlson offers everything I wished for as a PhD student and I wish you the opportunity to share my joy."
Placement: London School of Economics