The Department of Banking and Finance at Monash Business School in Melbourne, Australia invites applications from exceptional candidates for the PhD Program in Banking and Finance at the Monash Business School. Melbourne has been named the world's most liveable city for the fourth year in a row by the Economist Intelligence Unit, and is regularly ranked by the QS Best Student Cities guide as amongst the top ten cities in the world to live and study in.
ABOUT THE MONASH BUSINESS SCHOOL: Based in Melbourne, we are a large, international, multidisciplinary, research-focused, 'triple-crown' accredited business school with exchange programmes and networks throughout the world. Monash is a member of the "Group of Eight", an alliance of leading Australian universities recognised for their excellence in teaching and research.
ABOUT THE DEPARTMENT: The Department of Banking and Finance in the Monash Business School is one of the largest finance departments in the world and comprises approximately 45 academic staff engaged in teaching and research in the areas of behavioural finance, banking and financial institutions, corporate finance, asset pricing, market microstructure and derivatives. The Department has first-class resources and research infrastructure, including a Research IT manager and an extensive set of databases such as WRDS/CRSP/COMPUSTAT, SIRCA, SDC Platinum, Bankscope, Bloomberg, OSIRIS and IRESS. As part of the
Business School's ongoing commitment to the recruitment of world-class professors, we have recently appointed Professor Stephen Brown, David S. Loeb Professor of Finance at NYU Stern as a Professor to the Department of Banking and Finance.
PROGRAM DESCRIPTION: The PhD in Banking and Finance offered by our Department is designed to provide students with a rigorous academic grounding in their area of specialisation and the skills required to undertake original research that contribute significantly to knowledge. Students will complete up to eight coursework units in the first year, designed to provide advanced finance, econometrics and research method training. Upon successful completion of these units at a distinction grade, PhD students will progress to working on their doctoral thesis under the guidance of PhD supervisors who are experts in the area of their doctoral thesis.
QUALIFICATIONS: The minimum qualifications for admission to our PhD program are:
- a bachelor's degree requiring at least four years of full-time study in a relevant field, and which normally includes a research component in the fourth year, leading to an honours 1 or 2A in a relevant field; or
- a master's degree that entails work, normally including a significant research component, at least equivalent to an Honours degree in a relevant field. It is normally expected that a grade of Honours 2A has been obtained for the research thesis or project. Where ungraded, examiners' reports will be taken into account.
SCHOLARSHIPS: Monash University offers generous graduate research scholarships on a competitive basis. Most admitted students receive a full tuition waiver and/or a stipend scholarship of AUD $25,849 per year (2015 rate). In addition, the Department of Banking and Finance provides opportunities for additional financial support through the teaching and/or research assistantships. For further details on the standard University tuition fee and stipend scholarships, please refer to: http://www.monash.edu.au/migr/support/scholarships/index.html
APPLICATIONS/FURTHER INFORMATION: Applications are now open for the 2016 intake. Deadline for applications is 31 October 2015. For further details about the application process, please refer to:
Applicants are encouraged to contact the PhD Program Director by 30 September 2015 to lodge their expression of interest.
- PhD Program Director at HueHwa.AuYong@monash.edu or +61 3 9903 2024
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