PhD in Banking & Finance 2024: Admission Process, Eligibility, Syllabus

GaganDeep

Senior Content Specialist | Updated On - Dec 3, 2023

The PhD in Banking & Finance is a 3-year-long doctoral program that deals with research-oriented advanced topics in banking, finance, and the financial services sector. The curriculum offers integrated and various modules of financial and monetary economics, investment analysis, risk management, financial modeling, banking regulations, corporate finance.

At the beginning of the program, students take the basic courses that include topics like quantitative methods, microeconomics, macroeconomics, econometrics, and research methodology. Consequently, they build logical theoretical and analytical skills. Hence comes the presentation of the research courses coupled with in-depth research culminating in a thesis. Sectors of specialization are covered in the course, they range from corporate finance, investment banking, financial markets, bank management, financial engineering, financial risk modeling and so forth.

PhD Banking & Finance Highlights 2024

Ph.D. Banking & Finance Admission Process

1. Look at the list of PhD programs and find the professors and research areas that are suited to your liking. Find programs by searching for those that have their students assist the employees.

2. Evaluate the standardized tests like GRE, GMAT or relevant subject test and make it sure that you are ready for them. Try for high test scores for the programs where you are in the race.  

3. Discount your choice to the minimum of 3-4 programs or maximize it up to 6 programs if it is needed. Visit the professors before the deadlines set aside and inform them about your interests, and also, build a good network with them.

4. Solid appraisal letters from your school advisors or supervisors should reflect your scholastic and research abilities.  

5. Relate your interests, talents and future objectives in your PhD research within a focused and clearly written statement of purpose.

6. You may have the chance to interview at an admission committee for an invited position. Ensure you have well-prepared answers to talk about your research interests and why you are the best choice for the program. 

Ph.D. Banking & Finance Eligibility

1. The graduation degree after the first cycle in suitable fields as banking, finance, economics, and commerce with not less than 55% of the total marks average. Bachelor's degree (60% and more) is the minimal requirement. Some cases are also taken into account without the degree.  

2. In order to secure a seat in the desired inter-university or institute ( e.g. UGC/CSIR NET, IIT JAM and GATE) you need to pass the entrance exams- such as university-specific entrance tests. Certain universities grant students who possess an MPhil title exemption on the entrance examinations.

3. Previous work experience in the banking or finance sector is a plus, as long as you demonstrate your keen interest in the domain in your dissertation or in the publications you wrote for. In majority of the case minimum of 2-3 years of work experience is the need.  

4. You should have a clear and appropriate research field as your research interest and an aligned and research proposal that you will work with for the doctorate studies, which shows your readiness to do advanced research at the doctoral level.

5. The power of academic competence is recognized through performance running from the grades or percentages obtained in previous degree, the standards of educational institution attended, and so forth. The assessment of having the overall academic look and the good ability in analytical thinking come out.  

6. The performance in the personality interview as well as recommendation from credible referees also make up the selection process at this stage. The students who are good at presenting start getting assessed at this level. Also, their research ability is tested.

Ph.D. Banking & Finance Entrance Exams

Graduate Management Admission Test (GMAT): Evaluates analysis, quantitative, verbal, and integrated operations skills. Mostly relied by PhD programs especially in Economics & Finance.

Graduate Record Examination (GRE): It measures verbal, quantitative reasoning as well as analytical writing skills. By most universities providing Ph.D. degrees in this specialty.

Test of English as a Foreign Language (TOEFL): Examines English mastery of non-native English speakers. For instance, the recruitment of international students to the Ph.D. programs in Banking & Finance.

International English Language Testing System (IELTS): Focuses on academic, professional and immigration English language proficiency testing purposes. Given for some universities including PhD. programs in Banking & Finance.

Ph.D. Banking & Finance Syllabus

Top 10 Government Ph.D. Banking & Finance Colleges

Top 10 Private Ph.D. Banking & Finance Colleges

Ph.D. Banking & Finance Course Placements

Graduates of the Ph.D. Banking & Finance program are highly sought-after by academic institutions, research organizations, and financial institutions due to their expertise in advanced financial theories.

Ph.D. Banking & Finance Course Jobs and Salary

A Ph.D. in Banking & Finance equips individuals with in-depth knowledge and advanced skills in the intricacies of banking, finance, and financial markets.