
Finance Concentration
Finance Concentration
The Finance Concentration of the Doctoral Programme at Frankfurt School of Finance & Management builds strong expertise in asset pricing, corporate finance, banking and financial markets. You will collaborate with leading researchers and receive thorough training to advance knowledge in finance. The programme prepares students for research and teaching careers at leading universities and research institutions worldwide.
Degree
Doctoral Programme
Dr. rer. pol.
Language
English
Duration
Full-time | 5 Years
Scholarship
Stipend & Tuition Waiver
(Granted to all successful candidates)
Application Deadline
15 January
Start Date
September
The Finance Concentration of the Doctoral Programme at Frankfurt School of Finance & Management builds strong expertise in asset pricing, corporate finance, banking and financial markets. You will collaborate with leading researchers and receive thorough training to advance knowledge in finance. The programme prepares students for research and teaching careers at leading universities and research institutions worldwide.

APPLICATION PROCESS
Apply Online
Profile Evaluation
Interview
Admission Results
Admission Requirements
To apply for the Doctoral programme, applicants must meet certain academic requirements.
- First academic degree (Bachelor)
- Excellent written and spoken English (TOEFL 100 iBT, IELTS 7.0 or equivalent)
- Valid GMAT/GRE score
- Statement of Purpose (up to 2 pages)
- Two letters of recommendation
Curriculum
The curriculum for the Finance Doctoral Programme covers topics in asset pricing, corporate finance, banking and financial markets. Students will complete advanced coursework, regularly participate in research seminars and develop independent research projects, gaining the skills necessary for academic careers and impactful research in financial economics. The curriculum and listed courses are subject to change as part of ongoing academic planning.
Funding Opportunities
Frankfurt School offers monthly financial support of up to EUR 2,320 tax-exempt from the first year onwards and a generous budget for travel and research expenditures. Students must devote 100 % of their working time to their doctoral studies for up to five years.
(exclusively for students in the doctoral programme at Frankfurt School's Finance Department)
The goal of the Bursary Award is to provide both non-material and financial support for outstanding research in the field of asset pricing within the framework of Frankfurt School's doctoral programme. The Invesco Bursary Award is to be presented to an emerging researcher with a research focus in asset pricing to recognise academic achievement and innovation. Students in Frankfurt School's doctoral programme in the Finance Department, beginning in their third year of study, are eligible for the Scholarship Award. The Bursary Award is made possible by Invesco.
Selection process
The Bursary Award is presented every three years to an emerging researcher whose research focuses on asset pricing, in recognition of academic excellence and innovation. Students in the doctoral programme at Frankfurt School Finance Department are eligible for the study prize from their third year of study onwards. The Bursary Award promotes academic excellence.
The selection committee consists of the Department Head at Frankfurt School, the Vice President of Research, and the recommending professor (the faculty member who nominated the candidate). The committee reviews the candidate's academic achievements in their doctoral studies and the relevance of their research work to the topic of asset pricing.
There is no legal right to a Bursary Award.
Publications
The Finance concentration places a strong emphasis on original, high-quality research. Students are expected to develop papers that make meaningful contributions to the core debates in finance and meet the standards of leading academic journals. A strong research portfolio is essential for placement at top academic institutions and for building a long-term career in financial economics.
Brochure
Would you like to learn more about the Finance Doctoral Programme? Simply fill in the form and receive our detailed brochure with all the information about the programme, its structure and your career opportunities.

FAQ about Finance Concentration - Doctoral Programme
Yes, the PhD at Frankfurt School is funded with monthly financial support of up to EUR 2,320. We charge no tuition fees and provide all doctoral students with a monthly stipend to support their studies.
The PhD in Finance at Frankfurt School typically takes 5 years to complete, depending on the student’s research progress.
Yes, Germany is an excellent place to study finance, offering strong academic programmes, a stable economy and access to leading financial institutions. Frankfurt School is one of Europe’s top business schools, located in Germany’s financial hub, Frankfurt am Main.
Ready to apply?
We look forward to receiving your application via our application portal. Our recruitment team is happy to assist should you have questions.



