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PhD Program in Finance
In order to receive an SSE PhD degree in Finance, you must earn 240 ECTS. These credits consist of a coursework component (105 ECTS) and a dissertation component (135 ECTS).
The coursework component consists of eight first-year compulsory courses (60 ECTS) integrated in the Stockholm Doctoral Course Program in Economics, Econometrics and Finance (SDPE), three second-year compulsory finance courses (22.5 ECTS), and elective courses (22.5 ECTS), where you can take more core finance courses, shorter mini courses on specialized areas in finance, or topic courses in economics. Alternatively, students can fulfill the course requirement (ECTS 105) by taking topic courses in economics, which are frequently arranged in sequences.
Courses given by the SSE Finance Department
Teaching experience and seminars are integral parts of the PhD program in Finance. From the second year you are strongly encouraged to do some teaching in addition to research assistance and to participate in finance seminars and workshops. Also in your second year, you need to find a research subject and a suitable supervisor for your dissertation.
Seminars constitute an important part of the PhD program. The seminars provide students with insights into current research and give students and faculty opportunities to present and discuss ongoing research. From the second year students are obliged to regularly participate in the Friday Seminars and the Thursday Workshops. In addition, there are further seminars/workshops at SSE that may be of interest, notably the Economics Lunch Seminar, the Economics Seminar, or the SITE Brown Bag Seminar.
During the second year the student should find a subject field for the thesis and seek out a thesis advisor. While most of the work on the thesis is expected to be carried out in years 3-5, it is important to start working on the thesis as soon as possible during the second year.
A thesis typically consists of several essays in one or several fields of financial economics. Essays may be single-authored or co-authored with fellow students or faculty. A benchmark is that the number of essays should be equivalent to three single-authored essays. The essays are expected to be well suited for publication in international scientific journals - the main channel for communicating research results.
Research and conference travels are encouraged, and travel stipends for mini courses and PhD workshops are often available through the Swedish House of Finance (SHoF).
Thesis work in progress is presented and discussed at the internal lunch workshops. The completed PhD thesis is made available to the interested public, and the student defends her/his thesis in an oral examination with an external discussant appointed by the faculty. After the seminar, the thesis committee consisting of three professors decides whether the thesis passes.