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PhD Accounting and Finance / Overview

Year of entry: 2024

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  • Bachelor's (Honours) degree at 2:1 or above (or overseas equivalent); and
  • Master's degree in a relevant cognate subject - with an overall average of 70% or above (or overseas equivalent)
  • Professional qualifications other than a Bachelors Degree and/or relevant and appropriate experience may be taken into account for entry to a PhD programme.

Full entry requirements

Apply online

Please ensure you include all required supporting documents at the time of submission, as incomplete applications may not be considered.

Application Deadlines

The current deadline for consideration in internal funding competitions is 15 March 2024.

If you are applying for or have secured external funding (for example, from an employer or government) or are self-funding, you must submit your application before the below deadline to be considered. You will not be able to apply after this date has passed.

  • For September 2024 entry: 30 June 2024

Programme options

Full-time Part-time Full-time distance learning Part-time distance learning
PhD Y Y N N

Programme overview

This PhD programme provides advanced training to develop leading research in Accounting, Market-based Accounting Research (MBAR) and Finance.

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Fees for entry in 2024 have not yet been set. For reference, the fees for the academic year beginning September 2023 were as follows:

  • PhD (full-time) UK students (per annum): £4,712 International, including EU, students (per annum): £20,500
  • PhD (part-time) UK students (per annum): £2,356 International, including EU, students (per annum): £10,250

Further information for EU students can be found on our dedicated EU page.

Scholarships/sponsorships

To apply University of Manchester funding, you must indicate in your application the competitions for which you wish to be considered. The current deadline for most internal competitions, including Alliance Manchester Business School studentships is 15 March 2024.

All external funding competitions have a specified deadline for submitting your funding application and a separate (earlier) deadline for submitting the online programme application form, both of which will be stated in the funding competition details below.

For more information about funding, visit our funding page to browse for scholarships, studentships and awards you may be eligible for.

  • ESRC North West Social Science Doctoral Training Partnership (NWSSDTP) PhD Studentships 2024 Entry
  • China Scholarship Council - The University of Manchester (CSC-UoM) Joint Scholarship Programme 2024 Entry
  • Alliance Manchester Business School PhD Studentships 2024 Entry
  • President's Doctoral Scholar (PDS) Awards 2024 Entry
  • Engineering and Physical Sciences Research Council Doctoral Training Partnership Studentship (EPSRC DTP)
  • Commonwealth PhD Scholarships (High Income Countries)
  • Humanities Doctoral Academy Humanitarian Scholarship 2024 Entry
  • Commonwealth PhD Scholarships (Least Developed Countries and Fragile States)
  • RADMA Doctoral Studies Funding 2024 Entry
  • PhD Scholarship for Research into Productivity

Contact details

Programmes in related subject areas.

Use the links below to view lists of programmes in related subject areas.

  • Accounting and Finance

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The University of Manchester is regulated by the Office for Students (OfS). The OfS aims to help students succeed in Higher Education by ensuring they receive excellent information and guidance, get high quality education that prepares them for the future and by protecting their interests. More information can be found at the OfS website .

You can find regulations and policies relating to student life at The University of Manchester, including our Degree Regulations and Complaints Procedure, on our regulations website .

phd in finance university of manchester

The University of Manchester

Economics PhD programme

Our PhD in Economics is designed to train students for a rewarding career in economic research. With our 5-year programme, students receive rigorous training and sufficient time for producing original research.

Admission to the PhD programme is highly competitive as we typically only admit roughly 8-10 students per year, all of whom are usually funded. We place a high value on attracting the best minds, who will become valued members of our active research environment. Our students typically go on to teaching and research careers in academia, but also to positions in government, research institutions or the private sector.

Full Economics PhD course profile

We have launched a new five-year PhD programme, which consists of two years of coursework, followed by three years of independent research. Our new programme structure is aligned with that of top institutions in the US and the UK, providing students with rigorous advanced training and sufficient time for producing independent research. Furthermore, our training centre is part of the ESRC's accredited  North West Social Science Doctoral Training Partnership (NWSSDTP) .

Over the first two semesters, students take eight courses, including compulsory units in macroeconomics, microeconomics, econometrics and mathematics. In the summer months, students then complete a dissertation, which is the first step towards the preparation of an eventual PhD thesis.

This year of the programme is equivalent to a MSc in economics. Students with a high level of performance in an equivalent degree can enter directly into year 1 of the programme.

In this year, students take advanced PhD-level courses. All students must take core units in macroeconomics, microeconomics, econometrics and research skills. Students must also choose one additional field course. Students may also be allowed to take additional units from one of our partner institutions within the NWSSDTP, from other departments at Manchester, or one of our advanced-level MSc units. There is also the option of taking units in subsequent years.

In addition to coursework, students also prepare a detailed research proposal. Since the research questions described in this proposal and the approach to addressing these questions are a significant part of the training in year 1, students are advised to start working on the research proposal as soon as possible.

Year 2 and beyond

After finishing the coursework, students have three years of independent research, with a possibility of an additional year (for writing up). In this phase, students will work on completing their job market paper, as well as other papers that will be part of their PhD thesis. Students will participate in the  PhD conferences , which consists of both the internal conference and the NWSSDTP conference. Students are also expected to attend regularly  research seminars  in their field and the  Manchester Economic Seminar series .

It is expected that during these three years, students will produce three pieces of substantive work, at least two of publishable quality. Submission to at least one international conference in economics is also expected and highly recommended.

In addition, students must present their work at least once in a weekly  seminar  related to their research area. PhD students also organise a weekly seminar series, and students are expected to attend and present in this seminar series as well.

Supervision

Normally, a student's supervisory team will consist of a main supervisor and a co-supervisor. Students are assigned a supervisory team upon entry into the programme, regardless of point of entry (i.e., year 0 or year 1).

When applying to our PhD programme, students are advised to identify  potential supervisors . Details on recent publications, ongoing projects and research interests are all available on our academics' profiles. Although guarantees cannot be made, we will do our best to match your area of research to the most suitable supervisor.

Your potential supervisor should be able to give you advice on developing your  research proposal , which must be included with your application to the programme.

Almost all of our students receive some form of funding. All of our applicants will be considered for scholarships from the University, which cover tuition fees and include a stipend. There is also the possibility to compete for ESRC funding . To search for current funding opportunities, please use our funding database search tool .

We view teaching experience as an integral part of the PhD programme. Therefore, PhD students are provided the opportunity to work as Graduate Teaching Assistants (which is paid), beginning in their second year.

In recent years, some of our students have completed internships at the European Central Bank and the Bank of England during the course of their studies.

The department provides resources to support students going on the job market. This includes practice interview sessions, as well as introductory talks on the European and American academic job markets. These talks are aimed towards year-five PhD students, but are open to all students.

In recent years, our PhD students have obtained research positions at universities, central banks and policy institutions. Please see a list of our  recent placements .

How to apply

Apply to the Economics PhD programme using the university's  online application system .

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PhD Financial Mathematics

University of manchester, different course options.

  • Key information

Course Summary

Tuition fees, entry requirements, similar courses at different universities, key information data source : idp connect, qualification type.

PhD/DPhil - Doctor of Philosophy

Subject areas

Mathematics For Specific Applications Financial Modelling

Course type

Programme description

Opportunities for PhD research are available in a wide range of topics in Financial Mathematics. For some of the available areas of possible PhD or M.Phil research see the current Financial Mathematics research page . For more details about the specific projects, please contact the relevant individual members of staff or get in touch with the Financial Mathematics Postgraduate Admissions Tutor .

Students may enter our graduate programme in Mathematical Finance by initially taking our taught M.Sc. course over 1 year. This, subject to satisfactory progress, can lead to admission to the PhD programme.

UK fees Course fees for UK students

For this course (per year)

International fees Course fees for EU and international students

Students would usually be expected to have a 1st or upper 2nd class Honours Bachelor degree at undergraduate Masters level or an MSc Merit or Distinction (or an equivalent overseas qualification) in a mathematical subject. In some research areas, a background in physics, engineering or computer science is also acceptable.

Financial Mathematics MSc/PGDip

Middlesex university, financial mathematics msc, city, university of london, logistics and supply chain management msc, university of portsmouth, financial engineering masters/msc, university of birmingham, brunel university london.

Research Explorer The University of Manchester Logo

Mohammad Dehghani

  • Lecturer in Accounting & Finance , A&F Accounting & Finance

Personal profile

I am a lecturer in finance and economics at Alliance Manchester Business School . Regarding research, my interests cover empirical finance and asset pricing, empirical macroeconomics and business cycle, with a focus on employing advanced times series econometrics. S ee my papers in the research output or on m y personal website: sites.google.com/view/mohammaddehghani

Regarding teaching, I have been delivering lectures in undergraduate and postgraduate courses, including Foundations of Finance, Investment Analysis, Quantitative Methods, Financial Economics, Mathematical Economics, Econometrics, Advanced Mathematics, etc. 

I received undergraduate degree in Materials Engineering from Sharif University of Technology , Tehran, Iran, and my master degree i n strategic management  from Malek University of Technology , Tehran, Iran. I was a PhD dstudent in economics at Sharif University of Technology ; but after passing comprehensive exam, in 2017, I decided to re-apply and continue my PhD abroad. Having admission from different universities such as Rice, North Carolina, UCL, ESSEC, Tilburg, etc. I selected University of Manchester to study PhD in finance. I have completed my PhD in finance in 2022. 

Research interests

My fields of interest are empirical finance and macroeconomics. My  PhD thesis  “Financial Crises and Economic Recessions,”  conducted under the supervision of Stuart Hyde  and  Sungjun Cho , includes three journal-format papers:

Paper 1: Asymmetric Co-fluctuations of U.S. output and Unemployment: Friedman’s plucking model and Okun’s law.

Paper 2: Asymmetric Fads and inefficient plunges: Evaluating the Adaptive vs. Efficient Market Hypotheses.

Paper 3 : Slow recovery of output after the 2007−09 financial crisis: U.S. shortfall spillovers and the U.K. productivity puzzle.

Methodological knowledge

I'm expert in the following time series Econometric methods:

1. Dynamic Factor Model; 2. Univariate and multivariate state-space models; 3. State-space models with Markov- switching (combining Kalman Filter and Hamilton filter for approximate maximum likelihood estimation).

My experience as a lecturer, teaching associate and/or teaching assistant are: 

2022-24Foundations of Finance 1 & 2Lecturer , , and
2022-24Quantitative Methods in FinanceLecturer I am the only lecturer in this course.
2022-23Investment AnalysisLecturer , ,
2018-22Mathematical Economics       Teaching Associate
2018-22Game Theory and Dynamic systemTeaching Associate
2018-22Foundation of Finance 1 & 2Teaching Assistant , , , and
2020-22Financial Economics Teaching Associate  
2020-22Financial Economics (Master)Teaching Associate
2020-22Microeconomics (Master)Teaching Associate
2020-22Mathematical Economics II    Teaching Associate
2020-22 Introduction to Math. Econ. Teaching Assistant
2018, 22Advanced MathematicsTeaching Assistant
2020-22EconometricsTeaching Assistant
2016-17EconometricsTeaching Assistant 
2015-16Advanced MacroeoconomicsTeaching Assistant 
Before 2014   Math, Algebra, calculus, etc.          Teacher at High Schools 

Prizes and awards

Mar 2022 , Division of finance, University of Manchester. 
Sep 2020 , Department of economics, University of Manchester. 
May 2019  among all PhD students in finance by GPA (83/100), Alliance Manchester Business School, 2017 cohort. 
May 2018 Alliance Manchester Business School, 2017 cohort. 
Sep 2017 , Alliance Manchester Business School, U of Manchester 
Apr 2017 UCL, Rice, North Carolina , Tilburg , ESSEC , Berlin, etc.  
Dec 2015 among all PhD students in Economics, GPA: 4.0/4, Sharif University of Technology, 2014 cohort. 
Mar 2014 in the Nationwide University Entrance Exam for PhD in Economics, Iran. 
Feb 2013 among all Masters students in Management, GPA: 4.0/4, Malek University of Technology, 2011 cohort. 

Qualifications

Jun 2021 , AdvanceHE 
Jun 2021 , University College London, Online.   
Sep 2020 , UK Professional Standard Framework, Economic Network, Online 
Sep 2018 , UK Professional Standard Framework, Economic Network, Manchester 
Jun 2016 which covered topics such as real analysis, measure theory, probability, estimation,  
Aug 2015 UCL, Rice, North Carolina , Tilburg , ESSEC , Berlin, etc.  
Dec 2015 with top scholars presenting recent advances in micro, macro, and econometrics,  Dec 2014  
Dec 2014  Annual Conference on Monetary and Exchange Rate Policies, Iran 
Nov 2014  

Other research

Jun 2016  
Jun 2013  
May 2013  
Jan 2013    

Office hours

Wednesdays 13-15, Fridays 14-16Foundations of Finance, Quantitative Methods.Allaince Manchester Business School (AMBS), Room 5.010

Supervision information

MSc dissertation in academic year 2022-23: I encourage students with an interest in the areas of empirical finance, asset pricing, and other topics related to time series econometrics to select me as the dissertation supervisor. In particular, I am willing to supervise the following topics, though you are more than welcome if you consider any other related topic within the above areas or want to amend or change these topics. 

Topic A. Testing the random walk hypothesis, the efficient market hypothesis, and/or the predictability of stock returns and/or cryptocurrencies: The Efficient Market Hypothesis (EMH) states that market prices reflect all available information (Samuelson, 1965; Fama, 1970), and no one can beat the market because market prices are not predictable. There are different forms of EMH, one of which is the Random Walk Hypothesis (RWH). Based on the RWH, the stock market moves randomly. On the other hand, behavioural economists suggest that due to overreaction, panic, human errors, etc., markets are not always efficient. The recent empirical results concerning market inefficiency are mixed. For example, Durusu-Ciftci et al. (2019) review the literature and the methodologies and conclude in favour of the RWH. However, Hill and Motegi (2019) report against RWH for the U.S. and U.K. markets during financial crises. In this context, to reconcile EMH and behavioural economics, the Adaptive Market Hypothesis (AMH) supposes that market inefficiency is time-varying. This may motivate you to investigate the AMH versus the EMH by characterizing the evolution of market inefficiency over time.

 

Engle (1982) captured volatility clustering by developing an ARCH model. Since then, several versions of this model have been applied to capture the volatility of different financial assets. Bollerslev (1986), Engle’s student, elaborated the ARCH into the GARCH. Glosten, Jaganathan, and Runkle (1993) test asymmetric volatility by developing TGARCH. Given the growing interest in cryptocurrency, it is appealing to apply and/or elaborate those models to a set of data for different cryptocurrencies.

 

The history of financial markets hints at many episodes of speculative bubbles. Speculative bubbles are often defined as a positive deviation from the fundamental price (intrinsic value) that is followed by a burst. The dot.com bubble in the late-1990s, the real estate bubble in 2005, and the cryptocurrency bubbles in 2017 and 2021 are examples of notorious bubbles. Blanchard and Watson (1983), Tirole (1985), Diba and Grossman (1988), and Johansen et al. (2000) present “rational bubbles,” several models that attempt to rationalize the formation of speculative bubbles in the stock markets. Based on this model, speculative bubbles occur even if all investors have rational expectations and know that the bubble will eventually burst. Recently, Cheah and Fry (2015) repurposed the Johansen et al. (2000) model to inspect bubbles in bitcoin markets. Can we repurpose other models, e.g., Diba and Grossman (1988), and apply them to a set of cryptocurrencies to characterize the crypto-bubbles?

 

The main aim of the Capital Asset Pricing Model (CAPM) is to estimate the cost of capital (required return) for firms according to the market risk premium (market excess return). According to Fama and French (2004), beta is a measure of the sensitivity of an asset with respect to the variation in the market return. Later, Fama and French (1996) proposed a three-factor model by adding a size factor and a book-market ratio factor to the market excess return factor. Nevertheless, there is ample evidence that beta is not stable in the long run (Groenwold and Fraser, 1999; Chen and Huang, 2007). If this is the case, CAPM suffers from this misspecification. How to test for the stability of the betas and how to model time-varying betas is what this research will be built on. An easy way is to define a rolling window and estimate beta for each window. You will also use structural break tests to check the potential breakpoint in beta before and after an event (Covid-19 is a good example). Another model is to estimate the CAPM with a time-varying coefficient by using the Kalman filter (in MATLAB and R, there is code to run this model). Page 510 of the book written by Tsay explains this model. Additionally, a Markov-switching model for beta is an idea that comes to mind.

 

Data and methodology: Regarding the data, individual stock returns, market returns, and cryptocurrency returns or their indices are accessible in the Wharton Research Data Service (WRDS), Bloomberg Terminal, and other online databases. Depending on the topic, to address the research question(s), you will use one or some of the econometric models, including linear models, ARCH and GARCH models, correlation models, vector auto regressive, principal component analysis, structural break tests, random walk tests, asymmetric random walk models, Markov switching, state-space models, value at risk, etc.

 

Basic econometrics background gained through passing BMAN-71122 (time-series econometrics) and/or BMAN-70211 (cross-sectional econometrics) is expected, though motivation to learn and apply new methods is more important. It is essential to know a programming language (e.g., MATLAB, R, or Python), either by taking the corresponding university course or by self-studying. The logic and syntax of the above languages are similar enough that knowing one is enough to learn another. This is the student’s choice to select one of the above languages depending on the topic, method, and availability of the codes and packages. Although I advise using one of the above to improve programming skills, it is acceptable to use STATA.

 

I encourage students with an interest around the areas of empirical finance and assert pricing, empirical macroeconomics and business cycles, monetary policy and other topics that is related to the time series econometrics. Regarding the research topics, I am willing to supervise the following topics. If you consider any other research topics within the above areas or want to amend/change these topics, you are more than welcomed.  

Regarding the methodology, you may apply one or some methods to address the research question(s). I am familiar with these methods: Linear models (e.g., Regression), ARCH and GARCH models, correlation models, Vector Auto Regressive (VAR), Principal Component Analysis (PCA) and factor models, structural break tests, random walk tests, asymmetric random walk, Markov Switching, state-space models and trend cycle decomposition, Value at Risk (VaR), event study, difference in difference regression. 

 

Units taught

The selected courses I passed and my marks in my PhD degree are:

Financial Econometrics                       92/100    University of Manchester
Applied Macroeconometrics90/100     University of Manchester
Advanced Finance Theory 90/100 University of Manchester
Econometrics 2 (Time Series)17.3/20 Sharif University of Technology
Econometrics 119.4/20 Sharif University of Technology
Selected Topic in Macroeconomics    19.5/20 Sharif University of Technology
Advanced Macroeconomics19/20 Sharif University of Technology
Selected Topic in Microeconomics18.3/20 and    Sharif University of Technology
Advanced Microeconomics 18.2/20 G Sharif University of Technology

Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):

Areas of expertise

  • HB Economic Theory
  • Macroeconomics
  • Time Series Econometrics
  • Business cycles
  • Asymmetric Fluctuations
  • Financial Econometrics
  • Financial Crisis
  • Asset Pricing
  • Efficienct Market Hypothesis
  • Adaptive Market Hypothesis
  • Speculative Bubbles
  • Economic Recession

Fingerprint

  • 6 Similar Profiles
  • Financial Crisis Economics, Econometrics and Finance 100%
  • Efficient Market Hypothesis Economics, Econometrics and Finance 66%
  • Spillover Effect Economics, Econometrics and Finance 66%
  • Potential Output Economics, Econometrics and Finance 41%
  • Empirical Finance Economics, Econometrics and Finance 33%
  • Labor Market Economics, Econometrics and Finance 33%
  • Economic Recession Economics, Econometrics and Finance 33%
  • Factor Model Economics, Econometrics and Finance 16%

Research output

  • 3 Working paper

Research output per year

Asymmetric Co-fluctuations of U.S. Output and Unemployment: Friedman’s Plucking Model and Okun’s Law

Research output : Working paper

  • Financial Crisis 100%
  • Potential Output 100%
  • Robust Statistics 100%
  • Labor Market 100%

Asymmetric Fads and Inefficient Plunges: Evaluating the Adaptive versus Efficient Market Hypotheses

  • Efficient Market Hypothesis 100%

Slow Recovery of Output after the 2007−09 Financial Crisis: U.S. Shortfall Spillovers and the U.K. Productivity Puzzle

  • Spillover Effect 100%
  • Factor Model 50%
  • Potential Output 25%

Three Essays on Financial Crises and Economic Recessions

Supervisor: Hyde, S. (Supervisor) & Cho, S. (Supervisor)

Student thesis : Phd

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PhD and doctoral degrees

Conduct a significant piece of research and make an original contribution to your field.

PhD and doctoral degrees offer you the chance to make a meaningful and original contribution to your chosen field. They require passion and dedication, but allow you to drive your own research and can be a huge step towards your long-term career goals.

By studying at Manchester Met, you will join a successful and collaborative research community. In addition to receiving dedicated support from our expert supervisors and access to our modern research facilities, we will help prepare you for life after your degree.

If you’re thinking about doing a doctoral degree, we recommend doing the ‘So You’re Thinking of a PhD?’ short online intensive. It’s a free resource developed by a group of current Manchester Met PhD students that takes you through the process of doing a PhD from start to finish. 

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UCAS Code: N300 | Bachelor of Arts in Economics - BAEcon

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AAA We do not accept two A/S Levels grades in place of one A-level. Applicants must be studying at least one of the following A-level subjects: Accounting, Anthropology, Business Studies, Classics, Economics, English Language/Literature, Further Mathematics, Geography, History, Law, Mathematics, Modern Languages, Philosophy, Politics, Psychology, Religious Studies, Sociology, Use of Mathematics and World Development. We accept native language A Levels providing they are taken in the same sitting as your other subjects. We will not accept the combination of Mathematics, Further Mathematics and a native language. We accept the Level 3 Diploma in Financial Studies (DipFS) as equivalent to an A-level if taken alongside two full A-levels from the list of acceptable subjects above. Typical Contextual Offer: AAB We do not accept two A/S Levels grades in place of one A-level. Applicants must be studying at least one of the following A-level subjects: Accounting, Anthropology, Business Studies, Classics, Economics, English Language/Literature, Further Mathematics, Geography, History, Law, Mathematics, Modern Languages, Philosophy, Politics, Psychology, Religious Studies, Sociology, Use of Mathematics and World Development. We accept native language A Levels providing they are taken in the same sitting as your other subjects. We will not accept the combination of Mathematics, Further Mathematics and a native language. We accept the Level 3 Diploma in Financial Studies (DipFS) as equivalent to an A-level if taken alongside two full A-levels from the list of acceptable subjects above.

AS level results are not considered as part of the standard admissions process at The University of Manchester.

We require a QAA-recognised Access to HE Diploma (a minimum of 60 credits overall with at least 45 at Level 3), with merit or distinction in a subject area relevant to the chosen course. - Typical applicant - A mature student returning to education after a number of years. - Typical offer - Pass Access to HE Diploma with 45 level 3 credits (45 Distinctions). - Minimum Grade C or 4 in GCSE/iGCSE English Language and Grade B or 6 in GCSE/iGCSE Mathematics. Contact: Tom McCunnie, [email protected] .

Cambridge International Pre-U Certificate - Principal

Applicants are expected to achieve D3, D3, D3 in the Cambridge Pre-U. Applicants can either take three Pre-U qualifications or study them in conjunction with A Level subjects.

The University recognises the benefits of the Extended Project Qualification (EPQ) and the opportunities it provides for applicants to develop independent study and research skills. Although the Extended Project will not be included in the conditions of your offer, we strongly encourage you to provide information about the EPQ in your personal statement and at interview. A number of our academic Schools may also choose to take your performance in the EPQ into account should places be available in August for applicants who narrowly miss the entry grades for their chosen course.

GCSE/National 4/National 5

Applicants must demonstrate a broad general education including acceptable levels of Literacy and Numeracy, equivalent to at least Grade C or 4 in GCSE/iGCSE English Language and Grade B or 6 in GCSE/iGCSE Mathematics. GCSE/iGCSE English Literature will not be accepted in lieu of GCSE/iGCSE English Language.

International Baccalaureate Diploma Programme

6,6,6 at Higher level, 36 points overall. Applicants offering Mathematics or Maths Studies at Standard or Higher level must achieve a minimum of grade 5. Applicants taking English Language A must achieve grade 4 at Higher or Standard level. Applicants offering English Language B must achieve grade 5 at Higher level and grade 6 at Standard level. Changes to International Baccalaureate Diploma Mathematics Courses from September 2019, first examination 2021. We are aware of the planned changes to the IB Mathematics curriculum. IB students will be able to choose from: Mathematics: analysis and approaches and Mathematics: applications and interpretation from September 2019. For this programme of study we will accept: Mathematics: analysis and approaches or Mathematics: applications and interpretation at SL or HL and students must achieve a minimum of Grade 5

OCR Cambridge Technical Diploma

The School accepts OCR Cambridge Technical (CTEC) Level 3 qualifications for entry as long as it is in a relevant subject and taken alongside A-levels. The A-level you are taking must be included in the list of subjects found in the A-level entry requirements above. Cambridge Technical Diploma - accepted with grades D*D in combination with an A-level at grade A in a different subject area to the diploma.

OCR Cambridge Technical Extended Certificate

The School accepts OCR Cambridge Technical (CTEC) Level 3 qualifications for entry as long as it is in a relevant subject and taken alongside A-levels. The A-level you are taking must be included in the list of subjects found in the A-level entry requirements above. Cambridge Technical Extended Certificate - accepted with grade D in combination with two A-levels at grade AA in different subject areas to the diploma.

OCR Cambridge Technical Extended Diploma

The School accepts OCR Cambridge Technical (CTEC) Level 3 qualifications for entry as long as it is in a relevant subject and taken alongside A-levels. The A-level you are taking must be included in the list of subjects found in the A-level entry requirements above. Cambridge Technical Extended Diploma - accepted with grades DDM in combination with an A-level at grade A in a different subject area to the diploma.

OCR Cambridge Technical Foundation Diploma

The School accepts OCR Cambridge Technical (CTEC) Level 3 qualifications for entry as long as it is in a relevant subject and taken alongside A-levels. The A-level you are taking must be included in the list of subjects found in the A-level entry requirements above. Cambridge Technical Foundation Diploma - accepted with grades MM in combination with two A-levels at grade AA in different subject areas to the diploma.

Pearson BTEC Level 3 National Diploma (first teaching from September 2016)

The School accepts Pearson BTEC Level 3 qualifications for entry as long as it is in a relevant subject and taken alongside A-levels. The A-level you are taking must be included in the list of subjects found in the A-level entry requirements above. Pearson BTEC Level 3 National Diploma - accepted with grades D*D in combination with an A-level at grade A in a different subject area to the diploma.

Pearson BTEC Level 3 National Extended Certificate (first teaching from September 2016)

The School accepts Pearson BTEC Level 3 qualifications for entry as long as it is in a relevant subject and taken alongside A-levels. The A-level you are taking must be included in the list of subjects found in the A-level entry requirements above. Pearson BTEC Level 3 National Extended Certificate - accepted with grade D in combination with two A-levels at grade AA in different subject areas to the diploma.

Pearson BTEC Level 3 National Extended Diploma (first teaching from September 2016)

The School accepts Pearson BTEC Level 3 qualifications for entry as long as it is in a relevant subject and taken alongside A-levels. The A-level you are taking must be included in the list of subjects found in the A-level entry requirements above. Pearson BTEC Level 3 National Extended Diploma - accepted with grades DDM in combination with an A-level at grade A in a different subject area to the diploma.

Pearson BTEC Level 3 National Foundation Diploma (first teaching from September 2016)

The School accepts Pearson BTEC Level 3 qualifications for entry as long as it is in a relevant subject and taken alongside A-levels. The A-level you are taking must be included in the list of subjects found in the A-level entry requirements above. Pearson BTEC Level 3 National Foundation Diploma - accepted with grade M in combination with two A-levels at grade AA in different subject areas to the diploma.

We typically ask for grades of AAABB in Scottish Highers. In addition, we accept Scottish Advanced Highers and Highers in one of the following combinations: Three Advanced Highers at grades AAB. or Two Advanced Highers at grades AA, plus two additional Highers at grades BB. Applicants taking a different combination of Highers and Advanced Highers should contact [email protected] for further advice. Applicants not taking English language or Mathematics at Higher level must achieve grade C in English language and Grade B in Mathematics at SCQF Level 5.

The University welcomes and recognises the value of the Welsh Baccalaureate Advanced Diploma/Advanced Skills Challenge Certificate and usually requires two A Levels or equivalent to be included within this. We consider the Welsh Baccalaureate Advanced Diploma/Advanced Skills Challenge Certificate as equivalent to an A-level on a grade-for-grade basis.

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About this course

Course option.

Full-time | 2024

The BA(Econ) course is an interdisciplinary course allowing you to specialise in Economics, plus other social science units such as Philosophy, Politics and Sociology.

You have the flexibility to either delve into technical units in Economics such as Econometrics and Mathematical Economics or combine Economics units covering inequality and climate change with social science units to develop a well-rounded understanding on social issues.

The Finance pathway of the BA(Econ) course is a long-established and popular degree.

Taught by experts across the University, including Alliance Manchester Business School, the degree features a broad range of internationally recognised and research-led teaching in accounting, finance, economics and law.

You will benefit from experts in business and social sciences on this jointly delivered degree by the Alliance Manchester Business School and the School of Social Sciences.

We are well connected with the three main accounting bodies (ICAEW, CIMA and ACCA), along with international businesses, such as PricewaterhouseCoopers, Kellogg's and Rolls Royce.

The course offers a flexible and relevant learning experience for anyone considering a career in finance, accounting or banking.

Accounting and Finance, and other pathways in BA(Econ) share a common first year, allowing you to switch to a different pathway after Year 1 if you want to.

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Extra funding

Scholarships and bursaries, including the Manchester Bursary , are available to eligible home/EU students.

Some undergraduate UK students will receive bursaries of up to £2,000 per year, in addition to the government package of maintenance grants.

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Assessment and feedback, resources and organisation, student voice, who studies this subject and how do they get on, most popular a-levels studied (and grade achieved), after graduation.

The stats in this section relate to the general subject area/s at this university – not this specific course. We show this where there isn't enough data about the course, or where this is the most detailed info available to us.

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This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.

Top job areas of graduates

Over 2,000 students graduated with a degree in finance in 2015, and a sign of the strength of the finance industry, numbers are on the up. Over half of finance graduates go into the finance industry, with accountancy and financial advice roles particularly popular. It's also quite common for finance graduates to go into jobs which require you to take more training and gain professional qualifications — finance graduates who take further study are more likely to be studying accountancy than finance. About a third of graduates start their careers in London - but Glasgow, Manchester and Birmingham are other popular locations for finance graduates to work.

What about your long term prospects?

Looking further ahead, below is a rough guide for what graduates went on to earn.

The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.

Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.

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phd in finance university of manchester

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Funding opportunities for PhD study

In addition to our funded PhD programmes, the Faculty of Biology, Medicine and Health provides funding options from internal and external sources for our postgraduate research applicants.

All of our fully funded scholarships and awards are displayed below including awards for international candidates, UK candidates from underrepresented groups, and Chinese candidates. 

Alternatively, you can search our live project listings to find advertised fully funded projects or visit our funded programmes page to browse the fully funded programmes and schemes we offer in partnership with research councils and industry partners.

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University of manchester: development finance.

Institution
Department
Web
Email [email protected]
Telephone +44 (0)161 275 0969
Study type Taught

MSc Development Finance will provide you with a thorough understanding of specific aspects of development finance, recognising that finance-related issues are increasingly important in development.

It will equip you with the necessary skills to make a meaningful contribution to policy formulation and implementation, by focusing on financial development policy and financial management, with specific reference to low- and middle-income countries.

You will apply different approaches to the collection, analysis and presentation of data, as well as in critically evaluating specific issues of development, and gathering, organising and using evidence and information from a wide variety of sources.

The course provides skills in identifying, investigating and justifying possible solutions to problems arising out of the theory and practice of economic development.

These also include competency in developing a reasoned argument, critically considering data sources and defending different approaches.

By the end of the course, you should have obtained a detailed knowledge of the key issues and debates in various aspects of economic development, familiarity with theoretical approaches concerning development problems and an appreciation of the diversity of development policies.

Full-Time, 12 months starts Sep 2024

Level RQF Level 7
Entry requirements

We require a UK Honours degree with a First or Upper Second (2.1) classification or the overseas equivalent in Economics or a related discipline. Candidates should demonstrate a background in microeconomics, macroeconomics and statistics and achieve scores of 2.1 or above in relevant modules.

When assessing your academic record we take into account the grades you have achieved, your academic references and the standing of the institution where you studied your qualification.

Location Main Site
University Recruitment And Adm
Oxford Road
Manchester
M13 9PL

Part-Time, 27 months starts Sep 2024

phd in finance university of manchester

The School of Environment, Education and Development (SEED) is an internationally recognised centre of excellence in both research and teaching. Formed by a unique combination of five interrelated specialisms - Architecture , Education , Geography , Global Development , and Planning and Environmental Management - SEED aims to not only understand the uneven relationships between society, the economy and the environment, but improve them. Through our collaborative approach to studying the world’s grand challenges, we’re positioned to influence how they’re tackled - from poverty eradication to sustainable urbanism, to securing social justice. Through our collaborative approach to studying the world’s …

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The University of Manchester

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MSc Finance / Overview

Year of entry: 2024

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We require a First or Upper Second class honours degree (2:1, with 60% average) from a UK university or the overseas equivalent. 

You need a degree in finance or economics. You must have taken a significant number of finance and quantitative courses during your degree (accounting is not considered to be finance). You must be taking a major or specialisation in finance in your final year and need to achieve top-level results in final year finance subjects. You must also demonstrate a solid background in quantitative skills, econometrics or maths.

Applicants studying degrees in business administration can be considered but must be able to demonstrate a very strong background in finance throughout their degree and a final year major or specialisation in finance (as outlined above). Due to competition for places, we give preference to applicants with a bachelor degree in finance or economics. Applicants studying degrees in mathematics, statistics, physics, engineering, actuarial or decision sciences might wish to consider our MSc Quantitative Finance course. You will need to submit a new application for this programme online.

A GMAT/GRE is not required to apply for this course but in some cases The Admissions Team may request this after the initial review of your application if your degree does not contain enough relevant quantitative modules.

Full entry requirements

Apply online

NOTE: There is a non-refundable application fee of £60. You should be prompted to pay this within the application portal before you can submit your application. We cannot consider applications until you have paid the application fee. 

Course options

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Course overview

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For entry in the academic year beginning September 2024, the tuition fees are as follows:

  • MSc (full-time) UK students (per annum): £21,000 International, including EU, students (per annum): £34,500

Further information for EU students can be found on our dedicated EU page.

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

Refund Policy

Due to the competition for places and limited availability, this course requires a deposit of £2,000 to cover non-recoverable costs and secure your place. The deposit will be deducted from your tuition fees when you register on the course.

The deposit is non-refundable, except in the following situations:

  • you fail to meet the conditions of your offer (see below for further information); and/or
  • you are refused a visa or entry clearance to enter the UK (proof must be submitted)

If an offer has been made specifying an English Language condition which you do not meet, the Admissions Team will require the official certificate of an English Language test taken after the date of offer as evidence that you have attempted to meet your offer conditions for a refund to be approved. The English Language test certificate provided with your application documents will not be accepted as proof that you have attempted to meet your offer conditions as such a certificate will predate the offer.

If an offer has been made specifying an academic condition, the Admissions Team will require the official university documentation showing that you have not met this academic condition from the institution at which you have studied, as evidence for a refund to be approved.

The Admissions Team reserves the right to refuse to refund of any deposit that does not meet with the requirements outlined above.

Policy on additional costs

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

Scholarships/sponsorships

Contact us for further information about the new Accounting and Finance scholarship for UK/EU students and other scholarships available.

  • Alliance MBS Masters Scholarships for UK/EU/International students
  • Alliance MBS Masters Scholarships for US residents

Contact details

Courses in related subject areas.

Use the links below to view lists of courses in related subject areas.

  • Accounting and Finance
  • Business and Management

Regulated by the Office for Students

The University of Manchester is regulated by the Office for Students (OfS). The OfS aims to help students succeed in Higher Education by ensuring they receive excellent information and guidance, get high quality education that prepares them for the future and by protecting their interests. More information can be found at the OfS website .

You can find regulations and policies relating to student life at The University of Manchester, including our Degree Regulations and Complaints Procedure, on our regulations website .

phd in finance university of manchester

Alliance Manchester Business School - AMBS

PhD Funding and Studentships

There are a number of sources of PhD degree funding available including doctoral loans, PhD scholarships and studentships.

We also encourage you to approach other sources (such as your home government, Ministry of Education or employer) to enquire if they have any funding schemes available to which you can apply. 

Contact the Doctoral Academy: [email protected] +44 (0)161 275 1200

Funding your programme

Funding your programme will be a crucial factor in your decision to apply for a postgraduate research degree, so the earlier you consider your funding options, the better.

Once you have determined your funding intentions, you should be ready to submit your programme application. Section 9 of the application requests your intended funding sources. In this section, you should detail fully all the competitions in which you would like to be considered.

The section first asks 'Have you secured or do you intend to apply for funding to cover the cost of your studies?'. If you are self-funding, you may select 'no'.

If you would like to apply for funding, you must select 'yes' and provide the details of your funding intentions. If you intend to apply for multiple competitions, all must be detailed in section 9 to ensure you are included. There is no limit to the number of competitions you may enter.

To enter an internal competition, please add a funding source, and populate the fields as shown below:

  • Type of Funding: Uni of Manchester Scheme
  • Awarding Body: In the free text box, enter the name of the funding competition (e.g. 'Humanitarian Scholarship')
  • Status of Funding: Intend to Apply

The remainder of the boxes may be left blank. Please give any further relevant details in the 'any other comments' box. Select Add+ to detail further competitions.

Funding opportunities

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COMMENTS

  1. PhD Accounting and Finance

    Regulated by the Office for Students. The University of Manchester is regulated by the Office for Students (OfS). The OfS aims to help students succeed in Higher Education by ensuring they receive excellent information and guidance, get high quality education that prepares them for the future and by protecting their interests.

  2. PhD Accounting and Finance

    In the 2021 Research Excellence Framework (REF2021) 'Accounting and Finance' was assessed as part of The University of Manchester's 'Business and Management Studies' submission. We were ranked 3rd in the UK for research power and top 10 in the UK (by GPA) among the 108 departments assessed under Unit of Assessment 22.

  3. PhD Accounting and Finance

    The current deadline for consideration in internal funding competitions is 15 March 2024. If you are applying for or have secured external funding (for example, from an employer or government) or are self-funding, you must submit your application before the below deadline to be considered. You will not be able to apply after this date has passed.

  4. PhD Accounting and Finance (2024 entry)

    To apply University of Manchester funding, you must indicate in your application the competitions for which you wish to be considered. The current deadline for most internal competitions, including Alliance Manchester Business School studentships is 15 March 2024.

  5. PhD in Business Degree

    The Alliance Manchester Business School PhD degree provides world-class facilities and a supportive research environment in which to study and develop the essential skills for a successful career, whether in academia or industry. We offer PhD programme pathways in Accounting and Finance, Business and Management, and Science, Technology and ...

  6. PhD Accounting and Finance at University of Manchester

    The Degree of Doctor of Philosophy (PhD) is awarded by the University in recognition of the successful completion of a course of supervised research, the results of which show evidence of originality and independent critical judgement and constitute an addition to knowledge. Providing robust and systematic research training is a core strength ...

  7. Accounting & Finance Academic Staff

    Alliance Manchester Business School offer a number of funding options, from doctoral loans to fully-funded PhD studentships. ... Lecturer in Finance: Alliance Manchester Business School - 5.004: [email protected]: Robert W Scapens: ... The University of Manchester ; Work for us ; Access student talent ; Hotel bookings

  8. How to Apply for a PhD

    To apply for any programme in the Humanities Doctoral Academy, you must complete and submit the online application form. Please ensure to include all of the required supporting documents with your application. A list of required documents is given on the application and selection tab of each programme page. PhD Accounting and Finance. PhD ...

  9. Economics PhD programme

    Our PhD in Economics is designed to train students for a rewarding career in economic research. With our 5-year programme, students receive rigorous training and sufficient time for producing original research. Admission to the PhD programme is highly competitive as we typically only admit roughly 8-10 students per year, all of whom are usually ...

  10. PhD Financial Mathematics Program By The University of Manchester |Top

    This includes three main areas of specialisation (listed alphabetically): (i) Financial Mathematics; (ii) Probability; (iii) Statistics. Students may enter this graduate programme in Mathematical Finance by initially taking this taught M.Sc. course over 1 year. This, subject to satisfactory progress, can lead to admission to the PhD programme.

  11. PhD Financial Mathematics at University of Manchester

    Course Summary. Programme description. Opportunities for PhD research are available in a wide range of topics in Financial Mathematics. For some of the available areas of possible PhD or M.Phil research see the current Financial Mathematics research page . For more details about the specific projects, please contact the relevant individual ...

  12. Mohammad Dehghani

    I was a PhD dstudent in economics at Sharif University of Technology; but after passing comprehensive exam, in 2017, I decided to re-apply and continue my PhD abroad. Having admission from different universities such as Rice, North Carolina, UCL, ESSEC, Tilburg, etc. I selected University of Manchester to study PhD in finance. I have completed ...

  13. PhD Financial Mathematics

    Students may enter our graduate programme in Mathematical Finance by initially taking our taught M.Sc. course over 1 year. This, subject to satisfactory progress, can lead to admission to the PhD programme. ... The University of Manchester is regulated by the Office for Students (OfS). The OfS aims to help students succeed in Higher Education ...

  14. Fees for postgraduate research study

    For general fee information, including paying your fees if you are self-funded or externally sponsored, visit the University's postgraduate research fees pages. Postgraduate researchers on funded programmes or studentships (i.e. DTPs) will have their tuition fees paid internally. Fees for PhD, MPhil and MD programmes fall into one of our ...

  15. PhD and doctoral degrees

    PhD and doctoral degrees offer you the chance to make a meaningful and original contribution to your chosen field. They require passion and dedication, but allow you to drive your own research and can be a huge step towards your long-term career goals. By studying at Manchester Met, you will join a successful and collaborative research ...

  16. Financial Mathematics

    For some of the available areas of possible PhD or M.Phil research see the current Financial Mathematics research page . For more details about the specific projects, please contact the relevant individual members of staff or get in touch with the Financial Mathematics Postgraduate Admissions Tutor .

  17. Study Finance at University of Manchester

    The Finance pathway of the BA (Econ) course is a long-established and popular degree. Taught by experts across the University, including Alliance Manchester Business School, the degree features a broad range of internationally recognised and research-led teaching in accounting, finance, economics and law.

  18. PhD funding and financial support

    Funding opportunities for PhD study. In addition to our funded PhD programmes, the Faculty of Biology, Medicine and Health provides funding options from internal and external sources for our postgraduate research applicants. All of our fully funded scholarships and awards are displayed below including awards for international candidates, UK ...

  19. PhD Economics (2024 entry)

    Year of entry: 2024. Streams : The 1+3 stream consists one year of PhD level teaching followed by 3 years of research. The 1+1+3 stream consists of one year of MSc teaching followed by the 1+3 stream. High level of performance: Achieving an average of 65% in coursework with no unit marks below 55% for both UG and PG degrees as well as 65% mark ...

  20. Development Finance

    Oxford Road. Manchester. M13 9PL. The School of Environment, Education and Development (SEED) is an internationally recognised centre of excellence in both research and teaching. Formed by a unique combination of five interrelated specialisms - Architecture, Education, Geography, Global Development, and Planning and Environmental Management ...

  21. Finance, M.Sc.

    About. Learn the finance essentials from derivatives and investments, to mergers and acquisitions and global markets with the Finance program from Alliance Manchester Business School. The University of Manchester. Manchester , England , United Kingdom. Top 0.5% worldwide. Studyportals University Meta Ranking. 4.2 Read 130 reviews.

  22. MSc Finance (2024 entry)

    For entry in the academic year beginning September 2024, the tuition fees are as follows: MSc (full-time) UK students (per annum): £21,000. International, including EU, students (per annum): £34,500. Further information for EU students can be found on our dedicated EU page.

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    The University of Southern Indiana is accepting applications for Assistant Softball Coach. The Assistant Softball Coach is responsible for assisting the Head Coach in the management and administration of the Women's Softball Division 1 intercollegiate sports program. Duties/Responsibilities . Coach practice sessions and workouts.

  24. PhD Funding & Studentships

    We also encourage you to approach other sources (such as your home government, Ministry of Education or employer) to enquire if they have any funding schemes available to which you can apply. Contact the Doctoral Academy: [email protected]. +44 (0)161 275 1200.