For further details about the EDHEC PhD in Finance programme, please refer to the "Contact Details" section.
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.
The prerequisites for the PhD in Finance are courses covering financial economics, econometrics, and stochastic modelling (Master's level).
Residential requirements are kept to a minimum—some 40 days over three years mainly on the London campus and once a year on the Nice campus— 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 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.
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:
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.
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.
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.
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.
Tuition fees for PhD candidates are €35,000 for the 2020/2021 academic year, €35,000 for 2021/202 and €35,000 for 2022/2023. Fees do not include travel and accommodation expenses.
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:
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.
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 Financial Specialist Scholarship (FSS), 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 Financial Specialist Scholarship (FSS), please refer to https://www.mas.gov.sg/schemes-and-initiatives/financial-specialist-scho...
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.
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.
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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 2019, eleven are part of the programme’s executive track and two belong to the residential track. Both will work as teaching assistants, one in the EDHEC Masters in Finance programme, the other one in the executive education team of EDHEC-Risk Institute.
This class still boasts great cultural diversity. Nine nationalities are represented (Belgium, Chile, China, France, Italy, Pakistan, Singapore, United Kingdom and United States of America); six students are based in Europe, four in the United States, two in Asia and one in the Middle East.
Participants have solid professional and academic credentials.
They completed first degrees in engineering or sciences (mathematics, statistics, physics, applied management). The other participants have a first degree in business administration, economics and finance. They hold one or two graduate degrees: MBA with major in finance and MSc degrees in financial engineering, finance, mathematical finance, risk management, tax management, applied physics, electrical and computer engineering, and statistics, from reputed institutions such as Berkeley, Chicago, NYU Stern, Wharton…
The proportion of senior professionals is still high and participants work in asset management, corporate and investment banking, financial advisory or consulting or for an end investor. The average age of these new students is 37 and together they average over 12 years of experience.
The EDHEC PhD in Finance requires five core courses (Discrete-time Financial Economics, Advanced Corporate Finance, Empirical Asset Pricing, 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.