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Oxford DPhil Programme in Management Studies

Oxford DPhil Programme in Management Studies

Financial economics pathway

Financial Economics embraces subjects such as asset-pricing and corporate finance, the design and regulation of securities markets, corporate financial policy and the impact of financial markets on real economic activity.

Students may also conduct research and projects with academics in research centres, such as: Oxford University Centre for Business Taxation, Oxford University for Corporate Reputation, and Private Equity Institute

Year one

Financial Economics students take core courses from the MSc in Financial Economics (MFE) and MPhil Economics. Students that do not already have the MSc in Financial Economics (MFE) are required to take four core courses from the MFE. In special circumstances, where a student has taken a substantially similar course prior to enrolment, they may substitute MPhil economics courses (listed below*) for the required MFE core courses. Both the pathway convenor and the student's supervisor must agree any substitution.

The MFE core courses are:

Asset Pricing
Corporate Finance
Economics
Financial Econometrics

All students are then required to take four courses from the list of first and second year MPhil Economics modules, one of which must be Financial Economics I or Financial Economics II. 

*The first and second year MPhil Economics modules are:

Econometrics 1, Advanced Econometrics 2, Advanced
Macroeconomics 1, Advanced Macroeconomics 2, Advanced
Microeconomics 1, Advanced Microeconomics 2
Behavioural Economics Theory Based Empirical Analysis
Development Economics 1 Development Economics 2
Economic History 1 Economic History 2
Financial Economics 1 Financial Economics 2
Industrial Organisation 1 Industrial Organisation 2
International Trade 1 International Trade 2
Labour Economics Public Economics

In addition to completing the relevant courses, at the end of year one students will have completed a satisfactory thesis proposal or a draft of one chapter from their thesis. 

Entry following an MPhil in Economics programme

Students may be exempted from these courses if they have completed an MPhil at University of Oxford or an equivalent institution, but you should contact us for further information. 

Years two, three and four

Students in years two, three and four, are expected to attend a Finance Doctoral Research Workshop. These workshops will be organised around student presentations and subject-based discussions. 

At the end of year two, students will have successfully submitted a satisfactory initial chapter from their thesis and by year three will submit two thesis chapters (one of which should be their job market paper). Students also need to apply for confirmation of status at the end of their third year. 

Training in job applications, interviewing and presentations will be provided at the end of year three and DPhil students will be able to enter the job market and complete their doctoral thesis during year four.

Contact us

Ask us any questions on admissions, fees or funding.