Finance (Ph.D.)
The Ph.D. in Finance program at Stuart School of Business is both practice and research oriented, preparing you to initiate advanced techniques and research to solve problems in investment and corporate finance, to address regulatory issues in risk management and market functions, and to take on roles in finance in both industry and academia.
You will be immersed in industry-leading techniques and applications of financial technology, financial economics, quantitative finance, business finance, and applied statistics. The curriculum emphasizes mastery of both applied research methods and strategies needed for high-level research positions in industry, as well as the advanced techniques and statistical tools required for high-caliber research in a variety of jobs.
This program is selective and small, offering a high degree of mentorship and interaction between faculty and students, with ample opportunities to conduct cutting-edge research alongside faculty experts.
After completing all the required courses and the Ph.D. qualifying and comprehensive exams, students often gain practical experience through internships, which creates new opportunities to analyze data, and case studies that are potentially useful for pursuing a doctoral dissertation. Students are also encouraged to serve in teaching and research assistant positions.
Our doctoral students gain relevant, cross-disciplinary experience that prepares them to be business innovators and leaders in academia, industry, government, and consulting. Students benefit from a legacy of curricular innovation at Stuart and Illinois Tech, spanning more than 125 years of economics and business education, including offering the world’s first postgraduate program in quantitative finance and establishing the academic discipline.
Intakes
- Jan
- May
- Aug
Application Processing Time in Days: 30
Minimum English Language Requirements
| English Level Description | IELTS (1.0 -9.0) | TOEFL IBT (0-120) | TOEFL CBT (0-300) | PTE (10-90) | |
|---|---|---|---|---|---|
| Expert | 9 | 120 | 297-300 | 86-90 | |
| Very Good | 8.5 | 115-119 | 280-293 | 83-86 | |
| Very Good | 8 | 110-114 | 270-280 | 79-83 | |
| Good | 7.5 | 102-109 | 253-267 | 73-79 | |
| Good | 7 | 94-101 | 240-253 | 65-73 | |
| Competent | 6.5 | 79-93 | 213-233 | 58-65 | |
| Competent | 6 | 60-78 | 170-210 | 50-58 | |
| Modest | 5.5 | 46-59 | 133-210 | 43-50 | |
| Modest | 5 | 35-45 | 107-133 | 36-43 | |
| Limited | 4 | 32-34 | 97-103 | 30-36 | |
| Extremely Limited | < 4 | < 31 | < 93 | < 30 |
Job Opportunity Potential
Graduates of the Ph.D. in Finance program have a wide choice of careers.
For those seeking a career in industry, this program can lead to senior research positions and other roles in investment management, risk management, trading, corporate finance, commercial banking, think tanks, and government policy and regulation.
For those interested in a traditional academic career focused on teaching and research, the program can lead to tenure-track positions.
The program’s learning content is designed to fulfill expectations of potential employers worldwide in all of these sectors. Stuart doctoral graduates hold positions at companies and universities such as:
Amazon
BMO Harris
Carnegie Mellon University
City University of New York
Discover Financial Services
East China Normal University
Beijing Normal University
Envestnet Asset Management, Inc.
Federal 91麻豆精品 Loan Bank
Industrial and Commercial Bank of China (ICBC)
Kean University (New Jersey)
St. Mary’s University (Texas)
Morningstar
Morgan Stanley
State Street Global Advisors
Toronto Stock Exchange
Union Bank of Switzerland
Wells Fargo
Zacks Investment Research
PSW Opportunity
Post-Study Work visa or permit, allowing international students on F-1 visas to work in the US after completing their studies, typically through Optional Practical Training (OPT).
Eligibility:
To be eligible for OPT, students must have been enrolled full-time in a US educational institution for at least one academic year and be seeking work related to their major.
Duration:
Students can apply for up to 12 months of OPT, either before they finish their studies (pre-completion) or after graduation (post-completion).
STEM OPT:
Students in STEM (Science, Technology, Engineering, and Mathematics) fields can apply for an extended OPT period of up to 24 months.
Contact our PSA counselor for more information
Admission Requirement / Eligibility Criteria
Illinois Tech requires a four-year bachelor's degree conferred with a minimum cumulative undergraduate grade-point average of 3.0/4.0 (or its equivalent) from an accredited institution for regular admission. Individual departments may have different requirements, however.
India
Four-year bachelor’s degree in any field; three-year bachelor’s degrees must be conferred in First Class with Distinction from an NAAC Grade “A” Indian institution; other three-year bachelor’s degrees must be accompanied by a two-year master’s degree. (Note: profession qualifications and postgraduate diplomas completed after a bachelor’s degree are not considered sufficient for admission
Provide Illinois Tech an official copy of the English proficiency Duolingo English Test, TOEFL or IELTS score report. The TOEFL code to send your scores to Illinois Tech is 1318. Duolingo English Test can be submitted directly by indicating Illinois Institute of Technology.
TOEFL iBT: 80
IELTS: 6.5
Duolingo: 115
International applicants who are interested in attending Illinois Tech, and who meet academic and financial requirements but do not meet the minimum English proficiency requirements, may be offered conditional admission.
For further enquiry please contact to our PSA cousellor.
- Course Type: Full Time
- Course Level: Doctoral Degree/PhD
- Duration: 03 Year
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Total Tuition Fee:
166590 USD
Average Cost of Living: 14000 USD /year
Application Fee: N/A