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Ph.D. in Finance

The Ph.D. program in Finance is a highly selective full-time program that trains PhD students to become financial economists capable of high quality innovative research and teaching in various areas of finance.


The Ph.D. program in Finance at Baruch College is a highly selective full-time program that trains students to become financial economists capable of high quality innovative research and teaching in various areas of finance.

The doctoral program in Finance operates as a specialization of the Ph.D. program in Business under the auspices of the CUNY Graduate Center.

The Ph.D. program requires up to two and a half years of full-time course work, followed by two to three years of intense dissertation research. As part of their training, students take courses from the Zicklin School of Business and the Graduate Center of The City University of New York, as well as other academic institutions in the New York City area. The coursework and research require full time commitment on a 12-month basis.

All PhD students receive financial support consisting of a stipend and a tuition waiver. In return for financial support, the students work as Teaching and Research Assistants and later teach.

The program helps students develop their research interests and expertise by tailoring the academic program to suit their individual needs and educational backgrounds and by encouraging early research in collaboration with our research active faculty. Based on publications in top four finance journals in 2001-2008, Arizona State University's finance rankings engine ranks the research productivity of Baruch faculty as the 41st among more than 400 schools worldwide.

A key advantage of the program is the large size of our faculty and the diversity of their research interests. This allows the students to explore research in various fields of finance and find faculty advisors with matching research interests.


The admission into the Ph.D. program is highly competitive with an average of three students admitted each year. In recent years, our successful candidates came with graduate degrees in finance, economics, or statistics, strong communication skills, and 700+ GMAT scores.

The admissions are once a year. The application deadline for admission in September is January 1st with an acceptance decision in early March.

For details regarding application requirements, financial support, and the admission process please visit the admissions page of the Ph.D. program in Business.

For further information about the program, please contact the coordinator of the finance specialization of the PhD program.

Recent placements

Ph.D. graduate



Jason Chiu 2009 Rider University
Eleni Gousgounis 2009 Stevens Institute of Technology (visiting)
Yi Tang 2008 Fordham University
Ekkachai Saeniasiri 2008 Arizona State University (visiting)
Elena Smirnova 2007 SUNY, Old Westbury
Irena Hutton
Florida State University
Dror Parnes
University of South Florida
Rajneesh Sharma
Saint Joseph's University
Zhihong Shi
SUNY, Old Westbury
Farah Yunus
Iowa State University
Hume Susan
College of New Jersey
Alessandro Castaldo
Circle T Investment
Susana Yu
Iona College
Albert J. Murphy
Manhattan College
Deniz Ozenbas
Montclair State University
Amber Anand
Syracuse University
Dina Naples-Layish
Suffolk University
Michael Jacobs
JP Morgan
Doocheol Moon
SUNY, Old Westbury



Prof. Lin Peng, Coordinator, Ph.D. program in Finance
Tel: 646-312-3491


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