• Schulich’s PhD in Finance program focuses on developing ground-breaking research in the field of Finance. Through exposure to world-renowned faculty, strong preparatory coursework, and access to comprehensive data sources, the program prepares its graduates to discover and publish new research that can alter how financial markets, individuals, and corporations raise money and invest for the future.

Specialization Details by Category

Career Opportunities

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  • Placement of Recent Graduates

    The PhD in Finance program will prepare you for an academic career at a top research university in Canada, the US, or the rest of the world. The program will help you build a strong theoretical and empirical foundation in finance. Combined with our faculty’s wide-ranging research expertise, our program will position you for a strong career in finance research.

    Feng Zhan  John Carroll University, Boler School of Business
    Mehdi Beyhaghi  University of Texas at San Antonio
    Hemdi Driss  Saint Mary’s University
    Markus Broman  Syracuse University
    Ling-Wu Shao  Morneau Shepell
    Dan Li  University of Hong Kong
    Keke Song  Dalhousie University

Study Options

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Student admission is restricted to full-time study exclusively for the first four years. It is not recommended to be working outside of the PhD program during your studies. Students must be able to participate in the PhD program in Toronto.

The PhD program normally takes four to five years to complete. The actual length of study depends strongly on each student’s academic background, exact thesis topic and outside commitments.

Choose a study option to view its details and requirements

Specialization Requirements

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FIRST YEAR DOCTORAL STUDENTS: Please click on and review the attached program structure document, which relates to specialization requirements.

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Doctoral students must complete the following components of the PhD program:

  1. Core Courses (finance seminars, microeconomic and macroeconomic theories and econometrics)
  2. Summer Research Papers
  3. Comprehensive Examination (Written and Oral Exam, Research Paper)
  4. Dissertation

Year 1


GS/ECON 5100 3.00: Microeconomics Theory
GS/ECON 6100 3.00: Topics in Microeconomic Theory
GS/ECON 6220 3.00: Advanced Econometric Theory I

  • Research Seminars
  • Written Comprehensive Exam (end of April)
  • 1st Summer Research Paper

Year 2

GS/ECON 5110 3.00: Topics in Macroeconomic Theory
GS/ECON 6250 3.00: Advanced Econometric Theory

  • PhD Empirical Methods
  • Pedagogical Techniques
  • Completion of three electives
  • Present 1st Summer Research Paper
  • Research Seminars
  • 2nd Summer Research Paper
  • Comprehensive Exam

Year 3

  • Research Seminars Required
  • Defend thesis proposal
  • Present 2nd Summer Research Paper
  • Teach a finance course

Year 4

  • Research Seminars
  • Present Job Market Paper


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Student Clubs

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