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MRes/PhD Finance

  • Graduate research
  • Department of Finance
  • Application code N4ZC
  • Starting 2024
  • Home full-time: Closed
  • Overseas full-time: Closed
  • Location: Houghton Street, London

This programme offers the chance to undertake a substantial piece of work that is worthy of publication and which makes an original contribution to the field of finance. You will begin on the MRes, and will need to meet certain requirements to progress to the PhD.

Our programme is unique in its integration of finance and economics. During the first year, you will take microeconomics, macroeconomics, and econometrics courses alongside PhD students in Economics. However, in the second year you will differentiate by taking advanced courses in asset pricing and corporate finance. You will leave with a broad understanding of finance and its relations to other fields in economics.

As one of the largest finance departments in the world, we are able to offer opportunities for research in virtually any field in finance. We have strengths in theory and empirics, asset pricing and corporate finance, as well as financial econometrics, behavioural finance, macro-finance, and microeconomic analysis of financial markets and institutions.

You are expected to participate in the regular departmental seminars (weekly), as well as occasional workshops and conferences given by internationally renowned speakers. This is viewed as an important part of the learning process on the MRes/PhD in Finance.

Programme details

For more information about tuition fees and entry requirements, see the fees and funding and assessing your application sections.

Entry requirements

Minimum entry requirements for mres/phd finance.

Merit in a taught master's degree in finance, economics or another subject with a strong quantitative component.

Competition for places at the School is high. This means that even if you meet our minimum entry requirement, this does not guarantee you an offer of admission. 

If you have studied or are studying outside of the UK then have a look at our  Information for International Students  to find out the entry requirements that apply to you.

GRE/GMAT requirement

GRE or GMAT is required from all applicants (GRE is preferred)

Find out more about GRE/GMAT

Assessing your application

We welcome applications for research programmes that complement the academic interests of members of staff at the School, and we recommend that you investigate  staff research interests  before applying. However, please do not get in touch with faculty at this stage, 

We carefully consider each application on an individual basis, taking into account all the information presented on your application form, including your:

  • academic achievement (including existing and pending qualifications)
  • statement of academic purpose 
  • outline research proposal
  • sample of written work.

See further information on supporting documents

You may also have to provide evidence of your English proficiency. You do not need to provide this at the time of your application to LSE, but we recommend that you do.  See our English language requirements .

When to apply

The application deadline for this programme is 25 April 2024 . However, to be considered for any LSE funding opportunity, you must have submitted your application and all supporting documents by the funding deadline. See the fees and funding section for more details.

Statement of Academic Purpose

Your Statement of Academic Purpose should clearly explain the below:

  • Why you want to do research in finance
  • How your studies and experience make you suitable to do research in finance

Research interests

Your Research Interests should be submitted in place of the Outline Research Proposal, along with your application form and other required supporting documents, via the LSE online application system.

  • Which aspect of the PhD do you think you will like the most? Which will you dislike the most? Why? (max. 200 words)
  • Tell us about your favourite paper in financial economics. What do you like about it? How would you improve it? (max. 400 words)
  • Write a comment for a general audience on a topic/question that interests you in finance: (max. 400 words).
  • Is CEO compensation excessive?
  • Markets function well as information is aggregated efficiently through prices.
  • What are the benefits of shareholder activism?

Fees and funding

Fees and funding.

Every research student is charged a fee in line with the fee structure for their programme.  The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

Tuition fees 2024/25 for MRes/PhD in Finance

Home students: £4,829 for the first year (provisional) Overseas students: £22,632 for the first year

The fee is likely to rise over subsequent years of the programme. The School charges home research students in line with the level of fee that the Research Councils recommend. The fees for overseas students are likely to rise in line with the assumed percentage increase in pay costs (ie, 4 per cent per annum).

The Table of Fees shows the latest tuition amounts for all programmes offered by the School.

The amount of tuition fees you will need to pay, and any financial support you are eligible for, will depend on whether you are classified as a home or overseas student, otherwise known as your fee status. LSE assesses your fee status based on guidelines provided by the Department of Education.

Further information about fee status classification.

Scholarships and other funding

The School recognises that the  cost of living in London  may be higher than in your home town or country, and we provide generous scholarships each year to home and overseas students.

This programme is eligible for  LSE PhD Studentships , and  Economic and Social Research Council (ESRC) funding . Selection for the PhD Studentships and ESRC funding is based on receipt of an application for a place – including all ancillary documents, before the funding deadline.  

Funding deadline for LSE PhD Studentships and ESRC funding: 15 January 2024 Second funding deadline for LSE PhD Studentships: 25 April 2024

The Finance Department may also offer departmental scholarships.

In addition to our needs-based awards, LSE also makes available scholarships for students from specific regions of the world and awards for students studying specific subject areas.  Find out more about financial support.

External funding 

There may be other funding opportunities available through other organisations or governments and we recommend you investigate these options as well.

Further information

Fees and funding opportunities

Information for international students

LSE is an international community, with over 140 nationalities represented amongst its student body. We celebrate this diversity through everything we do.  

If you are applying to LSE from outside of the UK then take a look at our Information for International students . 

1) Take a note of the UK qualifications we require for your programme of interest (found in the ‘Entry requirements’ section of this page). 

2) Go to the International Students section of our website. 

3) Select your country. 

4) Select ‘Graduate entry requirements’ and scroll until you arrive at the information about your local/national qualification. Compare the stated UK entry requirements listed on this page with the local/national entry requirement listed on your country specific page.

Programme structure and courses

Programme structure and courses.

A PhD in Finance from LSE consists of six coursework units, completed over two years, followed by a thesis which is usually expected to take a further three or four years.

We encourage our research students to participate fully in the intellectual life of the Department, and in the research seminar and workshop programmes of the Department and related research centres such as the Financial Markets Group (FMG). The weekly Capital Markets Workshops provide exposure to the work of leading academics from the UK and overseas. In addition, the FMG hosts a number of conferences each year with leading researchers and practitioners.

Students will normally commence in late August, by attending an introductory course before the start of the academic year.

Introductory Course in Mathematics and Statistics Provides students with the essential mathematical, statistical, economic and econometric background for the core Economics courses of these programmes.

During their first year, students take courses in Advanced Microeconomics, Advanced Macroeconomics and Advanced Financial Econometrics to build their core knowledge in these areas. They will also take two transferable skills courses which are not examined.

There is also the option to attend non-examined research workshops or seminars in finance given by faculty and internationally renowned scholars. Students also attend a PhD seminar in Finance throughout their MRes/PhD studies.

Microeconomics for MRes Students Introduces the basic analytical tools that are necessary to conduct research in any field in economics.

Macroeconomics for MRes Students Covers topics in advanced macroeconomics with emphasis on fundamentals and applications to recent theoretical advances.

Econometrics for MRes students Covers probability, mathematical statistics, and asymptotic theory, and theory and application of regression analysis. Provides a survey of the theory and application of time series methods in econometrics.

Financial Economics This non-examined course provides an in-depth introduction to the theories of asset pricing and corporate finance.

Capital Markets Workshop   

Second year

Students take courses in Corporate Finance and Asset Pricing, in addition to completing a research paper. They are also expected to attend research workshops or seminars in finance given by faculty and internationally renowned scholars.

Corporate Finance for Research Students The first half of this course focuses on the theory of corporate finance. The second half of the course will consider empirical research in corporate finance.  

Asset Pricing for Research Students Covers asset pricing theory, empirical asset pricing, as well as empirical evaluation of asset-pricing models.

Research Paper in Finance A research paper of between 6,000 and 8,000 words, related to your designated major field, to be submitted at the end of August of the second year.

PhD Seminar in Finance A seminar course for PhD students in the early stages of their research to present their work in progress.

Capital Markets Workshop

PhD programme

After meeting the progression requirements, students progress to PhD registration and begin to work on their thesis

For the most up-to-date list of optional courses please visit the relevant   School Calendar page. 

You must note, however, that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options. Note that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises. 

You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place. These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s  Calendar , or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the  updated graduate course and programme information  page.

Supervision, progression and assessment

Supervision.

You will be assigned a lead supervisor (and a second supervisor/adviser) who is a specialist in your chosen research field, though not necessarily in your topic. Lead supervisors guide you through your studies.

Progression and assessment

To progress at the end of each year, students must pass their examined courses at grades specified by the Department and make satisfactory progress in their research. Progress is regularly monitored by the Department's Postgraduate Assessment Review Panel.

You will also need to meet certain criteria to progress to PhD registration, such as achieving certain grades in your coursework, and earning a minimum mark on your research paper.

Your final award will be determined by the completion of an original research thesis and a viva oral examination.

More about progression requirements.  

Student support and resources

We’re here to help and support you throughout your time at LSE, whether you need help with your academic studies, support with your welfare and wellbeing or simply to develop on a personal and professional level.

Whatever your query, big or small, there are a range of people you can speak to who will be happy to help.  

Department librarians   – they will be able to help you navigate the library and maximise its resources during your studies. 

Accommodation service  – they can offer advice on living in halls and offer guidance on private accommodation related queries.

Class teachers and seminar leaders  – they will be able to assist with queries relating to specific courses. 

Disability and Wellbeing Service  – they are experts in long-term health conditions, sensory impairments, mental health and specific learning difficulties. They offer confidential and free services such as  student counselling,  a  peer support scheme  and arranging  exam adjustments.  They run groups and workshops.  

IT help  – support is available 24 hours a day to assist with all your technology queries.   

LSE Faith Centre  – this is home to LSE's diverse religious activities and transformational interfaith leadership programmes, as well as a space for worship, prayer and quiet reflection. It includes Islamic prayer rooms and a main space for worship. It is also a space for wellbeing classes on campus and is open to all students and staff from all faiths and none.   

Language Centre  – the Centre specialises in offering language courses targeted to the needs of students and practitioners in the social sciences. We offer pre-course English for Academic Purposes programmes; English language support during your studies; modern language courses in nine languages; proofreading, translation and document authentication; and language learning community activities.

LSE Careers  ­ – with the help of LSE Careers, you can make the most of the opportunities that London has to offer. Whatever your career plans, LSE Careers will work with you, connecting you to opportunities and experiences from internships and volunteering to networking events and employer and alumni insights. 

LSE Library   –   founded in 1896, the British Library of Political and Economic Science is the major international library of the social sciences. It stays open late, has lots of excellent resources and is a great place to study. As an LSE student, you’ll have access to a number of other academic libraries in Greater London and nationwide. 

LSE LIFE  – this is where you should go to develop skills you’ll use as a student and beyond. The centre runs talks and workshops on skills you’ll find useful in the classroom; offers one-to-one sessions with study advisers who can help you with reading, making notes, writing, research and exam revision; and provides drop-in sessions for academic and personal support. (See ‘Teaching and assessment’). 

LSE Students’ Union (LSESU)  – they offer academic, personal and financial advice and funding.  

PhD Academy   – this is available for PhD students, wherever they are, to take part in interdisciplinary events and other professional development activities and access all the services related to their registration. 

Sardinia House Dental Practice   – this   offers discounted private dental services to LSE students.  

St Philips Medical Centre  – based in Pethwick-Lawrence House, the Centre provides NHS Primary Care services to registered patients.

Student Services Centre  – our staff here can answer general queries and can point you in the direction of other LSE services.  

Student advisers   – we have a  Deputy Head of Student Services (Advice and Policy)  and an  Adviser to Women Students  who can help with academic and pastoral matters.

Student life

As a student at LSE you’ll be based at our central London campus. Find out what our campus and London have to offer you on academic, social and career perspective. 

Student societies and activities

Your time at LSE is not just about studying, there are plenty of ways to get involved in  extracurricular activities . From joining one of over 200 societies, or starting your own society, to volunteering for a local charity, or attending a public lecture by a world-leading figure, there is a lot to choose from. 

The campus 

LSE is based on one  campus  in the centre of London. Despite the busy feel of the surrounding area, many of the streets around campus are pedestrianised, meaning the campus feels like a real community. 

Life in London 

London is an exciting, vibrant and colourful city. It's also an academic city, with more than 400,000 university students. Whatever your interests or appetite you will find something to suit your palate and pocket in this truly international capital. Make the most of career opportunities and social activities, theatre, museums, music and more. 

Want to find out more? Read why we think  London is a fantastic student city , find out about  key sights, places and experiences for new Londoners . Don't fear, London doesn't have to be super expensive: hear about  London on a budget . 

The programme is aimed at training students to become an academic. Students who successfully complete the programme often embark on a career in academic institutions, or international organisations such as central banks or the IMF. See a list of past placements.

Further information on graduate destinations for this programme

Support for your career

LSE Careers has a wide range of resources available to assist students in their job search. Find out more about the  support available to students through LSE Careers .

Find out more about LSE

Discover more about being an LSE student - meet us in a city near you, visit our campus or experience LSE from home. 

Experience LSE from home

Webinars, videos, student blogs and student video diaries will help you gain an insight into what it's like to study at LSE for those that aren't able to make it to our campus.  Experience LSE from home . 

Come on a guided campus tour, attend an undergraduate open day, drop into our office or go on a self-guided tour.  Find out about opportunities to visit LSE . 

LSE visits you

Student Marketing, Recruitment and Study Abroad travels throughout the UK and around the world to meet with prospective students. We visit schools, attend education fairs and also hold Destination LSE events: pre-departure events for offer holders.  Find details on LSE's upcoming visits . 

How to apply

Virtual Graduate Open Day

Register your interest

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There’s no better place in the world for you to study Finance than at London Business School. We have an outstanding global reputation for teaching this specialist subject and strong links with financial institutions, recruiters and practitioners.

London has long-held its position as the international financial capital of the world, and with our campus located at its heart, you’ll find yourself at the thriving epicenter – able to build connections in the City while learning alongside some of the world’s finest financial minds.

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Depending on the programme you choose to study there are opportunities to take your experience global via a Global Experience or a Global Immersion Elective.

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Students on our Masters in Finance programme can pursue the Global Immersion elective, an exciting week-long trip specifically focusing on the asset management and banking industries. Deepen your understanding of the financial sector on this faculty-led trip built around guest speakers and organisational visits. Recent locations include Boston/New York, and Paris/Frankfurt.

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Electives are a key part of the learning experience across all of our Masters programmes. They allow you to tailor your learning across subject areas such as Economics, Management Science and Operations, Marketing, Organisational Behaviour and Strategy and Entrepreneurship. We have an extensive elective offering, recent courses on offer have included: 

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Student-led learning

There are over 80+ clubs to be found at LBS, and between them over 1000+ events and initiatives are hosted annually. Our strong links to the sector make it easy for the brightest and best in the finance world to share their insights and experience. LBS’s finance clubs serve one of the largest professional communities on campus and cater to a wide variety of finance-related interests including:

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Each club offers students a platform to connect with those with similar interests and cement a network outside your immediate cohort. Key student-led initiatives include:

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  • Competitions: including Stock Pitch, Private Equity Case and Venture Capital Investment competitions.

With such a breadth of events on offer, there’s no shortage of opportunities to engage with new insights, improve your skills and strengthen your network.

"I was looking for a solid foundation in finance and knew from living in London that LBS would be a great option. The campus is near my office in Marble Arch, in the heart of the city, and was the perfect place to bui "I was looking for a solid foundation in finance and knew from living in London that LBS would be a great option. The campus is near my office in Marble Arch, in the heart of the city, and was the perfect place to build my network. It was also important that I could study part-time; I wanted to continue moving forward with my career rather than taking time out. " ...
"I was looking for a solid foundation in finance and knew from living in London that LBS would be a great option. The campus is near my office in Marble Arch, in the heart of the city, and was the perfect place to build my network. "

Martha Mends, MiFPT2022 

Job title:  Investment Associate at EMK Nationality:  British

"What amazed me the most at LBS was the help I got from the career team and the career coaches even before the start of term. The CV reviews, multiple workshops and peer leader sessions offered me great opportunities "What amazed me the most at LBS was the help I got from the career team and the career coaches even before the start of term. The CV reviews, multiple workshops and peer leader sessions offered me great opportunities to learn from industry leaders and experienced alumni. The people at LBS are also exceptional; I not only met great classmates, but also future colleagues and lifelong friends. " ...
"What amazed me the most at LBS was the help I got from the career team and the career coaches even before the start of term. The CV reviews, multiple workshops and peer leader sessions offered me great opportunities to learn from industry leaders and experienced alumni. "

Chenghong Sun, MFA2021

Job title:  Graduate Analyst - Securities Services, J.P. Morgan Nationality:  Chinese

"As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset "As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles. As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles. " ...
"As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles. "

Santiago Frontini Gerlach, MiFFT2021

Job title:   Impact Investor, International Finance Corporation Nationality:  Argentinian/German 

"The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and intervie "The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. The MBA programme fully furnished me with a deep understanding of finance, strategy and management, all of which I am using to thrive in my current role. " ...
"The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. "

Chidi Amadi, MBA2021

Job title: Investment Banking Associate, Citi Nationality:  British

"I was looking for a solid foundation in finance and knew from living in London that LBS would be a great option. The campus is near my office in Marble Arch, in the heart of the city, and was the perfect place to build my network. It was also important that I could study part-time; I wanted to continue moving forward with my career rather than taking time out." Martha Mends, MiFPT2022  , Job title:  Investment Associate at EMK Nationality:  British

"What amazed me the most at LBS was the help I got from the career team and the career coaches even before the start of term. The CV reviews, multiple workshops and peer leader sessions offered me great opportunities to learn from industry leaders and experienced alumni. The people at LBS are also exceptional; I not only met great classmates, but also future colleagues and lifelong friends." Chenghong Sun, MFA2021 , Job title:  Graduate Analyst - Securities Services, J.P. Morgan Nationality:  Chinese

"As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles. As a banker looking to transition to sustainable finance, my expertise in the area was very limited. Leveraging LBS’ network and connecting with alumni working in the space helped me understand the industry, skillset and best practices to thrive in these roles." Santiago Frontini Gerlach, MiFFT2021 , Job title:   Impact Investor, International Finance Corporation Nationality:  Argentinian/German 

"The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. The LBS Career Centre ensured that I (as a career switcher) was fully equipped with the know-how on getting into banking, from general guidance, to sector experts, to former senior bankers, to CV reviews and interview practice. The MBA programme fully furnished me with a deep understanding of finance, strategy and management, all of which I am using to thrive in my current role." Chidi Amadi, MBA2021 , Job title: Investment Banking Associate, Citi Nationality:  British

Career Centre

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Richard Bland

Head of Finance Careers at London Business School

Finance is a core strand of our School and we are fortunate to have one of the most respected finance faculties in the world. With two pre-eminent finance programmes and more than a quarter of our MBA class, in total, more than 40% of all London Business School’s full-time students go on to pursue a career in finance post-graduation. We work closely with companies, offering a suite of options to connect to students, whether that is coming on campus to present, attending a careers fair, hosting office events or simply posting a job to the appropriate community.

Since the global financial crisis, we have seen a significant growth in Buy Side careers for students, with a tripling of the number of students entering private equity annually over the last decade. Our annual Buy Side Networking Evening, held each spring, brings together alumni from asset management, hedge funds and private equity to network with each other and to meet current students. The Finance Careers team also facilitate upwards of 20 treks a year, focusing on different sectors or geographies, which are regularly supported by our alumni community. These are a great chance to hear from investment professionals about recent investments and develop a network.

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Employment reports

Download our employment reports to explore the industries, salaries, destinations and much more of our most recent graduates.

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Institute of Entrepreneurship and Private Capital

The IEPC is an unparalleled centre for education, policy shaping and events covering all aspects of entrepreneurship, from idea generation to financing, and private markets investing. The IEPC helps create and finance the companies of the future and shape the people who will lead them.

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AQR Asset Management Institute

The AQR Asset Management Institute harnesses the School’s academic excellence, global perspective and London experience. A pioneer in research-driven investment management, our approach to research is interdisciplinary, encompassing strategy, organisation and management as well as finance, economics and accounting.

Community, faculty and research spotlight

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Think at London Business School

Flexibility brings greater opportunity for women in finance

Radmila Delivron explains how perseverance, hard work, and the skills she learnt at LBS have propelled her to career heights.

By Marianne Curphey

Find out more

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Fix the financing of supply chains

Nitish Jain and Alex Yang explore how market-led technology-enabled innovations could strengthen supply chain delivery

By Nitish Jain, S. Alex Yang, Christopher Chen

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Building my own company is fascinating

Megha Jose gave up a high-powered corporate role to set up an investment firm – winning a £100K grant along the way. Here’s how she did it.

By Mel Bradman

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Bankruptcy: Not the end of the story?

LBS’s Julian Franks is questioning a 20-year consensus central to how businesses die or can be reborn

By Julian Franks

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Being an openly bisexual woman CEO at Lloyd's of London

Equality pioneer, Dame Inga Beale shares her story and her insights for leaders today

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Scott Richardson shows how a systematic fixed income investment approach can provide asset owners with attractive diversifying returns

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Explore other career options

Our graduates accept job offers across a broad range of sectors. Discover endless opportunities to propel your career to new heights and find out how our Career Centre experts can help you achieve your goals

  • Diversified Sectors
  • Entrepreneurship

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Related Programmes

Finding the right programme for your experience level

Ready to take the next step in your finance career? Take a look at our recommended programmes or explore our full range of Masters degrees to help you determine which could be right for you. Explore our full programme portfolio

Masters in Financial Analysis

Stand out from the competition with the Masters in Financial Analysis (MFA) for new graduates. Developed in consultation with the world’s leading financial organisations, this highly practical programme will equip you with the skills, knowledge and networks essential for a successful career in finance. Study full-time over 12 months in London – the capital of global finance – and learn from the world’s top academics and practitioners.

Masters in Finance Full-time

This full-time, highly specialised programme is designed for ambitious and experienced finance professionals. Strengthen your global view of finance with a programme that can be tailored to suit your career goals. There’s an extensive range of specialist electives to choose from, as well as practitioner courses, industry-focused events and international experiences.

Join the London Business School MBA and be rewarded with a life-changing learning experience and untold career options. Develop an international mindset, build a global network and take yourself to a market eager for your skills and outlook. Leave this transformational programme as a well-rounded global leader ready to thrive and succeed in today’s business environment. Your ability to achieve and act – both independently and as a member of a multicultural team anywhere in the world – is what will make you stand out.

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PhD Admission Guide

This application guide provides information on the key stages in making an application to study for a PhD at King’s Business School and on the admission and funding deadlines. Please read this information carefully as failure to meet the requirements outlined below may jeopardise your application. 

Application and funding deadlines

  • How to apply: A step-by-step guide
  • After you Apply

Receiving an offer

* Be sure to speak with a supervisor before submitting your application.

For entry to the King’s Business School PhD Programme for October 2024/25, the following application and funding deadlines apply:

1. Check that you meet our entry requirements

Academic standards.

You should hold, or be completing, a Master's degree with a Merit or higher (or overseas equivalent) and  have achieved a 2:1 Bachelor's degree (or overseas equivalent) in a relevant subject.

International applicants can check the equivalence of their degrees . If you can't find your country or qualification in the list or would like to check the status of your institution with us, please contact the Admissions Office for further advice.

King’s does not require standardised tests such as the GRE or GMAT, but some supervisors may request these scores for information.

English language requirements

If you are a native English speaker or have been awarded a degree within the last five years from one of the countries listed here , you may not be required to take an English language test. English language competency is assessed on a case-by-case basis.

If your first language is not English you must be able to provide recent evidence that your spoken and written command of the English language is adequate for the programmes for which you have applied. Check our English language requirements here (Band B) . You can use our pre-sessional English calculator to check if your language scores meet our requirements.

Please note, we cannot review individual eligibility before you apply and are only able to consider complete applications which include all supporting documents.

2. Contact potential supervisor(s)

Support from a supervisor with the right expertise for your project is essential to success in your doctoral studies. For your application to be considered you must identify a lead supervisor who shares an interest in your proposed area of research.

You sould contact potential supervisors to discuss your research proposal before applying. If they are interested, they will invite you for an interview. 

You will work closely with your lead supervisor for several years, so it is essential to ensure that you have similar research interests and aims for the project. Before approaching a potential supervisor, read some of their publications on their Research Profiles to see if they undertake work in an area relevant to you. This will help you to decide whether they are the right fit for you and your project. When approaching a potential supervisor, it is important to show an appreciation of their research expertise and interests.

Details of research undertaken within the School can be found by exploring our departments and academic staff pages. All of our faculty members are research active and the majority of them are available to supervise doctoral students.

When you have identified a supervisor you would like to work with, please email them, and include the following information in your message:

  • A short message explaining your background, research interests and why you are interested in undertaking a PhD
  • An explanation of why you think they are the right supervisor for your project, demonstrating your familiarity with their research work
  • A copy of your CV
  • An early draft of your research proposal (usually about one page). Have a look at Section 3 for details on what to include in your proposal

If you do not send this information you may not get a response to your email, as without these details it will not be possible for a supervisor to assess whether they will be able to supervise your project.

It is fine to send queries to more than one supervisor, but please do not send blanket email requests to more than four academics at a time. These are unlikely to receive a response.

If you do not receive a response from your preferred supervisor after a week, then feel free to send them a reminder. If you still do not receive a response, you can still submit your application and include the name your preferred supervisor in your application. Your application may be considered.

If a supervisor is interested they will invite you for an interview and all applications are reviewed at School level. Please note that a supervisor’s agreement to supervise you does not guarantee entry to the programme. You must submit an online application with all of the required documents before the School is able to make a full assessment of your suitability.

3. Develop your proposal

A PhD proposal is an outline of your proposed project. It is arguably the most important part of your PhD application. The admissions committee will be assessing your expertise in your chosen research area, your knowledge of the literature, the quality and originality of your ideas, whether your project is a good fit with your proposed supervisor and the research strengths of the School, and the feasibility of your project.

The proposal should be approximately 1,500 words in length plus references, and should be structured using the following headings:

  • Introduction: To set up a clear research problem/question and its wider significance
  • Background: To provide a short literature review that analyses the state-of-the-art in the field and explains how the project will add to and/or challenge existing literature
  • Objectives: To state the main objectives of the project
  • Methods: To explain the methods you plan to use, including sources of, or means of collecting, data
  • Implications: To highlight the anticipated academic and applied contributions of the project

You are advised to contact prospective supervisors before finalising your proposal in case they have any advice about how to refine it and so you can ensure your research fits well with the expertise of your supervisor.

It is understood that your project will evolve during the course of your PhD, so the proposal is necessarily speculative. We do not expect you to be able to answer your research question(s) at the application stage. Likewise, some of the methods you may want to use will work, and some of them may not. Nonetheless it is important to try and be as specific as you can about the project’s objectives, methods and anticipated outcomes.

4. Write your Personal Statement

We ask that you also write a short supporting statement (c. 500 words) explaining:

  • Your motivation for applying for a PhD
  • Why you are well suited to undertaking a PhD (appropriate expertise, personal skills, etc.)
  • What you are hoping to do after you complete your PhD
  • Why you have selected your preferred supervisor(s)
  • Why King’s Business School is the best place for you to undertake your project

5. Apply online

Submit your application via King’s Apply , our online application portal. Select either Management Studies Research MPhil/PhD (Full Time) or Management Studies Research MPhil/PhD (Part Time) depending on your preferred mode of study. Please note that only applicants for Full Time study are eligible for a King’s Business School studentship.

Your application requires the following:

  • Research proposal of 1,500 words, to be uploaded on the portal
  • The name of your preferred supervisor
  • Personal statement of 500 words, to be pasted in the ‘Supporting Statement’ box
  • One academic reference which is recent and valid. You can invite your referee to upload their reference directly or you can upload copies of the reference letter to the online application form
  • A sample of your previous written work (typically, your Master’s dissertation)
  • English language test certificate, unless you meet the criteria for an exemption.Valid degree transcripts for both undergraduate and master’s degrees, which include marksheets showing all modules taken and marks received. If your transcripts are not in English, please provide an official translation
  • Details on how you will fund your studies. If you are applying for a King’s College London studentship you must enter the scholarship code details in the online form

6. Apply for funding

Most PhD students require funding to support their studies. To increase your chances of securing funding, we strongly encourage you to apply to all studentship competitions for which you are eligible.

A variety of competitions are open to students accepted to the King’s Business School PhD Programme and a comprehensive database of studentships is available through the Centre for Doctoral Studies . Some of the key competitions include:

King’s Business School Studentships

Open to all full-time applicants to the PhD Programme, regardless of fee status, King’s Business School studentships pay fees in full and an annual stipend. Applicants to the King’s Business School studentships are expected to also apply to any other King’s studentships for which they are eligible. The competition opens in early October each year.

Please let your supervisor know if you are interested in applying to the King's Business School Studentships and ensure you submit your online application via King’s Apply by 15 December 2023 at 17.00 (5pm) .

Please contact The PhD Team at [email protected] if you have any questions.

London Interdisciplinary Social Science Doctoral Training Partnership (LISS-DTP) Studentships

These studentships, funded by the Economic and Social Sciences Research Council, are available to Home and International students (including EU students). The deadline is TBC, but usually late January 2024.

King’s China Council Scholarships

Open to citizens and permanent residents of the People’s Republic of China, these scholarships provide international fees, an annual living allowance and visa application fees. To apply mention the relevant scholarship code when you submit your online application to King’s Apply, and fill out the CSC application form (available online). The deadline is usually in early January.

After you apply

Use King’s Apply you can track the status of your application, view your offer details and upload supporting documents such as English language test results.

The application process can take four to eight weeks depending on the time of year. Please note that an incomplete application will delay the decision-making process.

If you have any queries about your application, you can contact Admissions directly through your King’s Apply Account using the messaging service (admissions does not communicate through email about applications)

All shortlisted applications are reviewed at School level and if your application is successful, you will either receive an unconditional or conditional offer at the end of March 2024 for Round 1 and end of June for Round 2. A conditional offer will outline certain requirements which you must fulfil before you can be admitted to the programme.

If you decide to accept the offer, you will need make the offer ‘firm’ on your King’s Apply Account. You can still do this if your offer is conditional and when all conditions are met the status of your application will change to unconditional.

You will start to receive specific programme Information from the Research Officer in the summer before the programme starts in October.

Do you have a question?

If you have a query which is not answered on this page, or to find out more about supervisors currently taking on PhD students, please contact [email protected]

Finance PhD students

  • Finance PhD Students
  • Advisory Finance Board
  • Finance job market placement candidates
  • Past Finance Placements

Artur-Anschukov

Artur Anschukov

PhD Student at Imperial College London

Louiza Bartzoka

Louiza Bartzoka

Nicolo Ceneda

Nicolo Ceneda

Massimo-Dello-Preite

Massimo Dello Preite

Matilde Faralli

Matilde Faralli

Xuelai Li

Zhengming Zoe Li

Mingyang Liu

Mingyang Liu

Lyren Lu

Lyren Ye Lu

Win Monroe

PhD Student at Imperail College Lonodn

Vitaliy Ryabinin

Vitaliy Ryabinin

Moritz Wiedemann

Moritz Wiedemann

Yifan-Yang

Eduard Seyde

David licher, giulio carlo venturi, jiarui wang, paige weisman, faculty contact for student placements.

Savitar Sundaresan

Savitar Sundaresan

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PhD Finance and Management

Soas university of london.

Graduate students in the PhD programme of the School of Finance and Management study towards the University of London PhD. To be Read more...

  • 3 years Full time degree: £4,860 per year (UK)
  • 6 years Part time degree: £2,430 per year (UK)

Accounting and Finance, MPhil/PhD

The greenwich business school, university of greenwich.

Our higher research degree (MPhil/PhD) allows you to undertake rigorous and critical exploration of a specific area in accounting or Read more...

  • 1.5 years Full time degree
  • 2.5 years Part time degree

PhD in Finance

Bayes business school (formerly cass business school), city, university of london.

About the PhD in Finance programme On the PhD in Finance programme, you have the opportunity to join a thriving and international Read more...

  • 4 years Full time degree: £4,880 per year (UK)

Economics and Finance PhD

Brunel university london.

Research profile Our research is broadly focused in our five research groups Economic Development and Institutions, Empirical Finance, Read more...

  • 3 years Full time degree: £4,712 per year (UK)
  • 6 years Part time degree: £2,356 per year (UK)

PhD Accounting and Finance

London south bank university.

During this PhD course, students work with research supervisors to develop research projects to shape theory, policy and practice in the Read more...

  • 6 years Distance without attendance degree: £4,820 per year (UK)
  • 3 years Full time degree: £4,820 per year (UK)
  • 5 years Part time degree: £2,892 per year (UK)

MRes/PhD Finance

London school of economics and political science, university of london.

This programme offers the chance to undertake a substantial piece of work that is worthy of publication and which makes an original Read more...

  • 5 years Full time degree: £4,829 per year (UK)

Doctoral programme: Finance

Imperial college business school.

Finance Our world-class researchers engage with and disseminate research to practitioners, policy-makers and academic colleagues to Read more...

  • 5 years Full time degree

Finance and Accounting PhD (London campus)

Newcastle university london.

Our Finance and Accounting PhD programme in London aims to develop rigorous scholars who can advance both academic knowledge and business Read more...

  • 36 months Full time degree
  • 72 months Part time degree

EDHEC Phd in Finance

Edhec business school, london.

EDHEC Business School believes that academic research has a vital role to play in promoting innovation and constantly raising professional Read more...

  • 3 years Part time degree: €35,000 per year (UK)

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COMMENTS

  1. PhD programme

    Gain the freedom to think creatively. A global reputation. Outstanding connections to world-leading financial institutions. 22 full-time finance faculty members. Just three of the reasons why exceptional scholars choose to study for a PhD at London Business School.

  2. PhD

    A PhD at London Business School sets you on the path to an excellent academic career and a faculty position at a world-class business school or university. ... Finance PhD Programme . Our global reputation and connections to world-leading financial institutions: just two reasons why exceptional scholars study at London Business School. ...

  3. Finance

    Want to know more about Finance at London Business School? We'd love to hear from you. [email protected]. Select up to 4 programmes to compare. Our expertise and rigorous research combine with our location in one of the world's financial capitals to give your career the best possible start.

  4. Finance

    Our expertise and rigorous research combine with our location in one of the world's financial capitals to give your career the best possible start.

  5. PhD programme

    Enjoy a structure similar to top US accounting PhD programmes and benefit from rigorous training in the first two years. Subjects include: microeconomics. information economics. corporate finance. asset pricing. game theory. econometric methods. Experience weekly research workshops and accounting doctoral courses, including:

  6. MRes/PhD Finance

    It does not cover living costs or travel or fieldwork. Tuition fees 2024/25 for MRes/PhD in Finance. Home students: £4,829 for the first year (provisional) Overseas students: £22,632 for the first year. The fee is likely to rise over subsequent years of the programme.

  7. Finance, Ph.D.

    About. A global reputation. Outstanding connections to world-leading financial institutions. 22 full-time Finance faculty members. Just three of the reasons why exceptional scholars choose to study for a PhD at London Business School. London Business School. London , England , United Kingdom. Top 7% worldwide. Studyportals University Meta Ranking.

  8. Faculty profiles

    Meet our world-renowned Finance faculty. Work with and learn from our inspirational faculty of leading academics. International, diverse academics - offering a wealth of global finance knowledge. Renowned for academic expertise, exceptional and innovative teaching. Authors of field-leading research - with papers and results published in leading ...

  9. Finance

    Master the financing of infrastructure and industrial projects from start to finish. Join LBS's unique and specialised Project and Infrastructure Finance programme. Next 10-14 June 2024. Duration 5 days. Location. In person - London. Fees. £8500. Find out more.

  10. Finance

    London has long-held its position as the international financial capital of the world, and with our campus located at its heart, you'll find yourself at the thriving epicenter - able to build connections in the City while learning alongside some of the world's finest financial minds.

  11. London Business School : Rankings, Fees & Courses Details

    With an average starting salary of $60,688 (£47,054), London Business School's Master's in Management 2022 cohort typically moved into consulting (48%), financial services (26%) or technology (16%). A further 10% of recent graduates diversified. Join an international community. Over 90% of Graduate Masters students at London Business ...

  12. PhD programme

    However, we know that PhD research will be right for you if you are motivated to interrogate academic puzzles; committed to developing high-level analytical skills; and dedicated to advancing knowledge in your research area. Upcoming deadlines October 2024 entry. Round 1 - Now closed. Round 2 - Application deadline for all applicants: 1 June 2024.

  13. Finance PhD Profiles

    Research. Publications. Research lab. Phd. PhD Student profiles. Faculty recruitment. Loading. Select up to 4 programmes to compare. Select one more to compare.

  14. PhD Programme

    In recent years, our PhD students have joined leading universities, research centres and institutions such as Tsinghua University, University College London, Copenhagen Business School, the Bank of England, the University of Bath, King's College London, National Chengchi University, the University of Sussex and Renmin University in China.

  15. PhD admissions

    We offer a fully funded Doctoral programme at Imperial College Business School - this includes a tuition fee waiver and a stipend for up to five years. The 2022-23 rate of the Graduate Teaching Assistant scholarship stipend is £20,000 in year one, rising to £20,500 in subsequent years.

  16. PhD Admission Guide

    For entry to the King's Business School PhD Programme for October 2024/25, the following application and funding deadlines apply: 15 December 2023. Round 1: Applications for King's Business School Studentships and applicants who don't require funding. 2 January 2024. If you are eligible to apply for King's-China Scholarship Council.

  17. PhD in Finance UK

    About the PhD in Finance programme. On the PhD in Finance programme, you have the opportunity to join a thriving and international faculty. Benefits. The faculty comprises over 50 scholars conducting state-of-the-art research in all key areas of finance and it is located within the City of London, the world's most prominent financial centre.

  18. Masters in Finance

    Admissions team. +44 (0)20 7000 7505. [email protected]. Select up to 4 programmes to compare. Select one more to compare. Advance your career in the finance industry with our MSc Masters in Finance. Ranked #1 globally by the Financial Times.

  19. Executive PhD in Finance

    The Executive PhD is a four-year, part-time degree programme, culminating in a dissertation that passes formal examination. It comprises of ten, forty-hour residential weeks, and independent research guided by faculty supervisors. "The courses are excellent and highly tailored to our specific needs. The flexible design helps us to move quickly ...

  20. PhD Doctoral Degree in London

    About the PhD programme at Bayes Business School. Benefit from comprehensive research training, including intensive courses in the core topics of your discipline, advanced courses and development workshops, and training designed to prepare you for the academic workplace throughout the programme. Bayes Business School's faculty comprises over ...

  21. Finance research area

    PhD students on the Graduate Teaching Assistant (GTA) scholarship will undertake 150 hours of teaching assistant duties from year three of the programme. There will be opportunities for PhD students to engage in teaching activities within the Business School's Finance Masters'.

  22. PhD programme

    Our faculty are world-renowned for their research and teaching expertise. Innovative business thinking. Globally recognised research. Representing many different nationalities, our faculty influence business leaders, managers and policy makers across the world. Learn more about our world-leading faculty.

  23. PhD programme

    Advance operations and analytics for business and social impact. Data. Models. Decisions. In the MSO area PhD program, you will undertake cutting-edge quantitative research (both fundamental and applied) to advance the understanding of processes and decision-making in organisations such as digital platforms, supply chains, healthcare delivery ...

  24. Finance PhD students

    Imperial College Business School Imperial College London, South Kensington Campus, London, SW7 2AZ, United Kingdom

  25. Oksana Smirnova

    Skilled in Econometrics, Data Analysis, Quantitative Research, Programming in R, Stata and Julia. Strong research professional with a Master of Science (M.Sc.) focused in Financial Economics from Higher School of Economics. Currently, studying at PhD Programme in Finance in LBS. | Learn more about Oksana Smirnova's work experience, education ...

  26. PhD Degrees in Finance, London UK

    SOAS University of London. (4.1) Graduate students in the PhD programme of the School of Finance and Management study towards the University of London PhD. To be Read more... 3 years Full time degree: £4,860 per year (UK) 6 years Part time degree: £2,430 per year (UK) Apply now Visit website Request info. View 8 additional courses.