Location of Program
Why apply for the PhD programme in Queen Mary's School of Economics and Finance?
- The School of Economics and Finance is one of the UK's leading departments, ranked jointly sixth in the UK for overall research quality.
- The breadth and depth of our expertise enables us to offer courses and supervision in virtually all major areas of economics and finance.
- The School has more than 30 research-active staff working in a wide range of research areas, including macroeconomics, microeconomic theory and game theory, applied microeconomics, econometric theory, time series analysis, theoretical and empirical finance, and financial econometrics.
- Staff members typically publish in the leading economics and finance journals, with publications over the 2014 Research Excellence Framework period in journals including Econometrica, the American Economic Review, the Review of Economic Studies, the Journal of Political Economy, the Journal of Econometrics, the Journal of Finance, and many others. Individual members of staff also have active collaborations with various governmental and non-governmental agencies, including the UK Treasury, the Bank of England, the World Bank, the Inter-American Development Bank, OECD, and ILO.
- The School hosts two weekly seminar series with external speakers from institutions in North America and Europe, as well as two internal workshops.
- We have a vibrant community of doctoral students conducting research in economics and finance.
- Our PhD programme has held Economic and Social Research council (ESRC) recognition since 2008 and is affiliated with the QMUL-Goldsmiths Doctoral Training Centre (DTC), which awards ESRC-funded 1+3 year studentships and offers social science training beyond the areas covered by the School.
- PhD students are entitled to a £1,000 yearly research allowance.
- Excellent career opportunities are open to our PhD graduates. Recent placements include lectureships or postdoctoral research positions at universities and research institutions worldwide such as Cambridge, Warwick, York, Leicester, Aarhus, Vienna and IZA. Our graduates are also typically hired by central banking institutions: recent placements include the Bank of England and the Bank of France.
- PhD students also have access to extensive computing resources. In addition to personal computers and computer labs with mathematical, statistical and real-time trading software (Eviews, Stata, Matlab, Gauss, Reuters, Bloomberg, TWS, FXCM), and a full range of economic and financial data services (DataStream, Macrobond, Bankscope, CRSP), PhD students also have access to macro computing Unix-based resources.
We supervise all related topics. Examples of recent PhD supervision include:
- Applied economics
- Economic theory
- Financial econometrics
- Financial derivatives
- Asset pricing
- International finance
Students must complete the MRes Programme before they can progress on to the PhD.
The Master of Research in Finance is considered the first year of the PhD programme. For admission to the MRes programme, applicants should have, or expect to obtain before entry, a suitable Master’s degree in Finance or a related subject. On application to the MRes programme, when appropriate, a conditional offer of admission to the PhD programme will be made.
Applicants who already hold an MRes in Finance can apply directly to the PhD programme.
Structure of the PhD Programme
The MRes is first year of the PhD programme. Students build on their core postgraduate training by completing two advanced modules, one in financial economics and the other in macroeconomics, microeconomics, or econometrics; and can choose from a selection of option modules that cover a range of theoretical and applied topics. Students also conduct original research to fulfil the substantial dissertation component of the degree, which can form the basis of later doctoral work.
Students work on their thesis and undertake research work.
The School hosts two weekly Economics and Finance Seminar series with external speakers from institutions in North America and Europe, as well as two internal workshops which PhD/MRes students are encouraged to attend.
The School organises an annual PhD students' conference, where research students present their current research output. The evaluation of the research work presented at this annual conference is one of the elements employed in the assessment of research students' performance.
The School is pleased to be able to offer generous Teaching Assistantships to incoming PhD students. A Teaching Assistantship covers the tuition fees and provides maintenance per annum that includes:
- £16000 as the research grant
- £4000 for compulsory teaching of 60 hours per annum
- up to 3 optional 20-hour teaching packages with rate £100/hour that are available on competitive basis (thus, each 20-hour package provides £2000, with total Teaching Assistantship stipend reaching £24000 when all three additional packages are taken).
There is no separate application form for Teaching Assistantship. Applicants for the PhD programme who wish to be considered for the award should indicate this in the PhD application form.
PhD students are also entitled to an additional £1,000 yearly research allowance.
The School also offers ESRC research scholarships funded by the ESRC through the Queen Mary - Goldsmiths joint doctoral training centre. To be considered for the ESRC research scholarship, the application must be received by 31 January and an additional ESCR application form must be attached. More details are available here: http://www.londonsocialscience.org.uk/studentship.html
Completion of an MRes in Finance.