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PhD program in Finance equips students with knowledge in the theoretical and empirical tools of finance. The degree prepares students for careers in research and teaching or for the corporate world in the areas of Corporate Finance, International Finance, Portfolio Management, etc. Candidates with a PhD in Finance are much sought after both in industry and academia and are highly paid.

All leading business schools offer a PhD program in Finance. An MBA degree is not a requirement, but is helpful if you have one. The candidate should have an undergraduate degree in a quantitative field or other wise demonstrate high quantitative aptitude. According to Wharton website, “Candidates with undergraduate training in economics, mathematics, engineering, statistics, and other quantitative disciplines have an ideal background for doctoral studies in this field”. Either GRE or GMAT is accepted, but it is always good to check the website of your target program. Relevant work experience may add value but is not required.
Some of the reputable PhD in Finance programs are offered by the following Business Schools:

• Wharton
• Stanford GSB
• Kellogg
• MIT Sloan (Financial Economics)
• Chicago GSB