EDHEC PhD in Finance - FAQs

Frequently Asked Questions

  1. What are your admission requirements?
  2. What are your residency requirements?
  3. What are the language requirements of the programme?
  4. Do you require GMAT or GRE test scores?
  5. I have not yet sat for the GMAT/GRE. Can I apply for the PhD and sit the GMAT/GRE subsequently?
  6. What information do I need to provide as part of the application?
  7. What is the cost of the PhD?
  8. Do you offer financial aid to PhD candidates?
  9. Do you have an online application system?
  10. Can I submit my application by email?
  11. What are the deadlines?
  12. What is the profile of the entering PhD in Finance class of 2014?
  13. What courses are required for the degree?


For further details about the EDHEC PhD in Finance programme, please refer to the "Contact Details" section.

1. What are your admission requirements?

Admission to the EDHEC PhD in Finance programme is highly selective. Normal entrance requirements include: a master’s degree (or equivalent) from an accredited school, college, or university (business management, economics, science, and engineering degrees are preferred); academic excellence; superior scholastic potential (certified by GMAT or GRE scores); and English proficiency.


2. What are your residency requirements?

Residential requirements are kept to a minimum—some 40 days over three years—by concentrating core courses into four separate weeks, delivering elective seminars over three consecutive days in weekly blocks, and using EDHEC Business School’s state-of-the-art virtual classroom for monthly research workshops. Core courses are given every year so that missed modules may be made up, and the portfolio of electives offered over the second and third years of the programme allows doctoral candidates to select seminars that fit their professional objectives and constraints.


3. What are the language requirements of the programme?

English is the sole medium of instruction in the EDHEC PhD in Finance. The programme demands a very good command of oral as well as written English. English proficiency test scores are part of the application package for non-native speakers. We accept TOEFL, TOEIC, IELTS and UCLES.

Average score requirements are:

  • TOEFL 603(PBT)/250(CBT)/100(IBT)
  • TOEIC 900
  • IELTS 6.5
  • UCLES: Certificate in Advanced English - Pass.

Non-native speakers with either (i) recent University-level experience at institutions where the curriculum was taught exclusively in English, or (ii) top verbal scores at scholastic potential tests, or (iii) significant work experience in English speaking environments will be granted waivers.


4. Do you require GMAT or GRE test scores?

EDHEC Business School requires GMAT or GRE test scores for admission to the PhD in Finance programme.

EDHEC Business School's GMAT institutional code for the PhD in Finance programme is 3QQ-WQ-32.

EDHEC Business School's GRE institutional code for the PhD in Finance programme is 4242.


5. I have not yet sat for the GMAT/GRE. Can I apply for the PhD and sit the GMAT/GRE subsequently?

A candidate may request the Admission Committee to review his/her application pending GMAT/GRE scores provided his/her application is filed before the 1st application deadline. Candidates who choose to do so may lose the opportunity to increase the perceived quality of their applications through outstanding scholastic aptitude test scores. For candidates who are positively considered for admission, the Committee will set minimum GMAT scores to be met as a part of the conditions of their final admission into the programme; the GMAT score reports must be received before the 2nd application deadline. We expect the average accepted candidate to have total GMAT scores of 680 or GRE scores of 680 in the verbal reasoning section of the test and of 800 in the quantitative reasoning section.


6. What information do I need to provide as part of the application?

The complete application file consists of the application form, two forms/letters of recommendation, transcripts from undergraduate and any graduate programs, copies of diplomas, GMAT or GRE scores, proof of English proficiency (e.g. test scores), a writing sample or proposal for a doctoral thesis, a personal résumé, a copy of passport/birth certificate and a recent identity photograph.


7. What is the cost of the PhD?

Tuition fees for PhD candidates are €35,000 for the 2016/2017 academic year, €35,000 for 2017/2018 and €35,000 for 2018/2019. Fees do not include travel and accommodation expenses.


8. Do you offer financial aid to PhD candidates?

Residential track participants will work as research or teaching assistants in Nice, Singapore or London. In return for their part-time duties with the School, residential track participants will receive full-tuition waiver plus competitive compensation. Up to two positions are offered for PhD in Finance candidates every year and these positions are filled as early as possible.

Executive track participants in the PhD in Finance programme are usually either self-financed or company-sponsored. As human capital development and R&D-related expenses, tuition fees and associated costs may, in some jurisdictions, be eligible for specific public or collective funding schemes.

EDHEC Business School offers a number of awards, bursaries and scholarships aimed at helping participants to alleviate high travelling costs, assisting self-funded students to address funding challenges and rewarding EDHEC partners that sponsor their executives for the PhD in Finance programme as well as alumni of its degree programmes who wish to pursue a doctoral qualification at their alma mater. These financial assistance schemes include:

Mobility Award
Participants who face relatively high travelling expenses due to their location can seek assistance of up to EUR3,500 off their first year tuition fees. This type of financial help is awarded irrespective of excellence and is not means-tested.

Emerging Country Scholarships
Self-funded applicants residing and working in countries classified as low- or middle-income by the World Bank may apply for merit-based and means-tested scholarships representing up to 50% of tuition fees.

Self-funded participants facing financial difficulties may apply for exceptional means-tested financial assistance representing up to EUR10,000 off annual tuition fees.

Research Chair Sponsor Rebates
A rebate of up to 20% off tuition fees will be granted to organisations which, at the time of payment, are endowing a research chair at EDHEC-Risk Institute.

Alumni Rebates
A rebate of 20% off tuition fees will be granted to graduates of EDHEC Business School degree programmes.

Funding opportunities for Singapore citizens

The Monetary Authority of Singapore (MAS) administers the Finance Scholarship Programme, which seeks to develop a pipeline of specialist leaders in targeted fields such as quantitative finance, risk management, actuarial science and applied finance. It comprise two tracks where MAS co-funds with Singapore-based financial institutions (Company Track) or outstanding individuals (Individual Track) to enable Singaporeans to pursue the best specialist postgraduate education (Masters or PhD) at a world-renowned university. Upon graduation, scholars will play a pivotal role as experts in their chosen areas of specialisation in Singapore-based financial institutions. Becoming leaders in the industry, they will contribute to Singapore’s financial sector growth. To find out more information regarding the Finance Scholarship Programme, please refer to www.mas.gov.sg/FSP.


9. Do you have an online application system?

EDHEC does not offer an online application for the PhD in Finance programme. If you are interested in the PhD in Finance programme, please download the appropriate application form here (executive track, residential track), and return it to Brigitte Bogaerts.


10. Can I submit my application by email?

You will need to send your documents by surface mail but you may send an electronic version of your application package to expedite its processing.


11. What are the deadlines?

  October N start
Executive track Mid December N-1
End of March N
End of May N
Mid July N
Residential track Mid December N-1
End of March N


12. What is the profile of the entering PhD in Finance class of 2015

The experienced practitioners joining the executive track of the EDHEC doctoral programme usually embark on the course to take a step towards senior positions in finance or positions in academe, or when they already hold such positions, to help them steer their organisations in new directions. During the programme, they work with leading specialists on research of particular relevance to their organisations. Out of the applicants matriculated in 2015, twelve are part of the programme’s executive track and one belongs to the residential track. He will work as a teaching assistant in the EDHEC Masters in Finance programmes.

The average age of these new participants is 39 and together they average over 14 years of experience. Nine nationalities (American, British, Canadian, Chinese, Colombian, Egyptian, German, Russian and Ukrainian) are represented. About half of these participants reside in North America, three in Europe and the rest are spread equally between Asia (Hong Kong and China) and Australasia (Australia and Papua New Guinea). More than half of the participants work for asset and wealth management firms, two in corporate and investment banking, two in financial services and one works for a financial supervisory authority. The proportion of senior professionals in this incoming class is still high (majority of participants), ten of them manage units or an organisation and two run their own company. Two participants are senior portfolio managers.

These practitioners also have solid academic backgrounds. They completed first degrees in engineering or sciences (physics, mechanics, computer science and mathematics). The other participants have a first degree in economics, biology and business (accounting). They also hold graduate degrees in business administration and management (major in finance or economics): other participants hold a Master of Science in financial mathematics, financial and actuary mathematics, financial engineering, economics, engineering in aeronautics, mathematics and risk management.

Almae matres at the graduate level include the University of Chicago (Booth), Columbia University, HEC Montreal, Kellogg-HKUST, Moscow State University, New York University (Stern), Stanford University (2) and University of St. Gallen.

Over the course of the first year in the programme, these participants will take classes in the four required courses and participate in monthly research workshops. These are the first steps in a demanding learning process leading to the highest possible distinction for finance professionals.


13. What courses are required for the degree?

The EDHEC PhD in Finance requires four core courses (Financial Economics, Corporate Finance, Continuous-Time Financial Economics, and Empirical Methods in Finance) and a minimum of five elective seminars. All courses are evaluated and the cycle of core courses is followed by a comprehensive examination. PhD candidates also participate in research workshops and presentations, and work closely with faculty.



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