Admission: PhD Program in Finance
Some 25 new PhD students in total are admitted every year at SSE. The Department of Finance admits up to 5 PhD students every year. If you are admitted to a PhD Program, you will be offered a comprehensive course curriculum, supervision by an academic supervisor, and a shared office at the department of your specialization.
To be eligible for admission, we require the following:
- A university level degree
- At least three semesters of economics or finance courses (90 ECTS) including a thesis worth at least 15 ECTS
- One year of Master level studies or the equivalent.
We are looking for academic excellence and for students who are well prepared for a PhD program in financial economics. You are welcome to apply if you are studying in the first year of a MSc program. We may also admit students who for instance have a Bachelor’s degree in economics or finance and in addition have one to two years of coursework in mathematics and statistics at the advanced Bachelor level. We will also consider students with a very strong record from a four-year university program.
For SSE MSc students, there is the possibility of a parallel intake. First year SSE MSc students can apply, and if accepted join the PhD program after their completed first year.
All non SSE applicants to the Finance Program are required to take the general GRE test (Graduate Record Exam) (institution code 7016, department code 4102). The GMAT test may be taken instead, but the GRE is preferable. These test results have a validity of maximum 5 years.
It's also necessary to have a sufficient level of English to be able to participate. If you are a native English speaker or have undertaken a university study program in English, you do not need to take any language test. However, all other applicants will need to provide evidence of their English proficiency. We prefer that you take the TOEFL test, but the IELTS test may also be taken. Please provide the score and a copy of the official test result attested (verified to be a copy of a true original and signed) by two people. Language test results have a validity of maximum 4 years.
There is no minimum score requirement for any of the tests.
The Stockholm School of Economics does not charge any tuition for its PhD programs and offers funding for graduate studies. All PhD students admitted receive a scholarship for their first year to cover living costs. The current scholarship amount is 13 500 SEK per month. A student who receives a scholarship for the first year of study may expect the scholarship to be renewed for the second year provided that the course requirements for the first year are fulfilled. Continued funding is conditional upon satisfactory performance as determined by the faculty.
Applying to the Program
The application period for the PhD Program in Finance has now closed. The next deadline for applications is February 1, 2018, and the online application platform will open again in December 2017.
Before starting the application, please read the following pdf document carefully. It contains important information on the application process. The document also contains a link to the application software. Note that you are very likely to encounter difficulties during the application process if you do not read this document very carefully and follow its instructions step-by-step.
How to apply (pdf)
Applications will be handled electronically. The deadline is February 1 each year. Your application will not be considered until the following material has been received. A complete set of application documents contains (to be uploaded electronically):
- Your Curriculum Vitae
- University transcripts and certified copies of certificates from universities
- A description of how exams are graded at your university
- A Statement of Purpose: a concise statement concerning your plans for PhD studies and your career objectives. The statement should be written in English, and should not exceed 1,500 words.
- One (1) copy of your most advanced essay within economics or finance
Please arrange for at least two letters of Recommendation in English, prior to the deadline. The electronic system sends an email to every referee you give in your application, giving more information on how to upload the letter.
The applicant is responsible for the authenticity of the documentation submitted in support of his/her application. We reserve the right to rescind a letter of admission if is determined that the applicant has submitted falsified documents in support of his/her application.
There is no application fee.