Finance  

PhD Program

The Robert H. Smith School of Business offers advanced graduate education for students seeking academic positions in leading universities and research-oriented opportunities in business and government. The program is designed for individuals who have the intellectual capacity for advanced study, who enjoy independent research and analytical thinking, who wish to master a business management discipline and those who hope to contribute to the Smith School's future development and reputation.

Smith offers the dynamic combination of a cutting-edge curriculum and technologically advanced facilities in an area with great resources. At the heart of these resources are the faculty and the coursework. Our faculty is distinguished by outstanding research, excellent teaching, and availability to students. The curriculum reflects New Economy issues and is flexible, enabling you to tailor the program to meet your career development needs.

Please follow the links below for additional information on the doctoral program at the Smith School of Business.

ALL ADMISSIONS QUESTIONS about the PhD program should be directed to the PhD Office at the Robert H. Smith School of Business:

Smith School PhD Faculty and Staff

Professor Gordon Phillips
Advisor, Finance Ph.D. Program
Smith School of Business
301-405-0347
4425 Van Munching Hall
gphillips@rhsmith.umd.edu

Ms. Mary Slye
Coordinator, Ph.D. Program
Smith School of Business
301-405-2214
2416 Van Munching Hall
mslye@rhsmith.umd.edu

PhD Finance Courses

Program Requirements
Major Specification
The major field requirement of 18 credits is usually completed by taking five core courses and by taking or waiving one course from a list of MBA electives. See Doctoral Program in Finance Handbook for MBA courses.

BMGT 840 Theory of Finance
BMGT 841 Seminar in Corporate Finance
BMGT 843 Seminar in Asset Pricing
BMGT 828A&B Special Topics I and II
BMGT 828C Research Seminar

Minor Specification (Usually Economics)
The requirements for an economics minor are usually fulfilled by taking four of the following courses:

ECON 603 Microeconomics (required)
ECON 604 General Equilibrium Theory (required)
ECON 601 Macroeconomic Analysis I
ECON 602 Macroeconomic Analysis II
ECON 661 The Corporate Firm
ECON 662 Industry Structure, Conduct, and Performance
ECON 664 Empirical Studies in Industrial Organization
ECON 681 Comparative Institutional Economics I
ECON 682 Comparative Institutional Economics II
ECON 741 Advanced International Economics I
ECON 742 Advanced International Economics II
ECON 743 Topics in International Finance

MBA Core Requirement
Two courses required from the MBA core, with waiver of requirement for students with an MBA degree, a Bachelor's degree in Business, or a minor in the core.

Economics Requirement
Waived in view of minor in Economics.

Qualifying Exam
Students in the Finance concentration need to pass a qualifying examination at the end of the first year. For more details, please refer to Ph.D. Finance Doctoral Handbook.

Contact
For academic issues, contact:
Dr. Gordon Phillips
Professor of Finance
Tel: 301-405-0347
Email: gphillips@rhsmith.umd.edu

For admission issues, application status, or other questions, please email bphd@rhsmith.umd.edu or call 301-405-2214.