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.

PhD Coordinator

Robert Goldstein







Professor Robert Goldstein

Contact Professor Goldstein for program questions.
Professor Goldstein


Department Chair

Andrew Winton







Professor Andrew Winton

Professor Winton


Alumni Perspective

Yue Qiu

"I feel extremely lucky to have spent my PhD years in Carlson. The Finance faculty are very supportive and approachable. They care a lot for the PhD students' progress and offer insightful advice whenever needed. I have learned so much on how to do research from the discussions with the faculty and by working with my advisors. The department invites speakers from various top institutions around the world for seminars. I benefitted a lot from learning their cutting-edge research and receiving their feedback on my own papers. The staff at Carlson are very supportive and helped me a lot during the last five years. I strongly believe that Carlson is an excellent choice for anyone who wants to pursue a doctorate degree in finance."

Yue Qiu
PhD '17
Placement: Temple University