PhD in Finance

Go Beyond What Others Learn in Grad School

With a PhD in finance from Mizzou, students don’t tell others how they stand apart. They show them. At Mizzou, students who complete the PhD concentration in finance are not only selected among the highest achieving candidates, but learn from a combination a research and teaching experiences that create the highest achieving graduates with university level research and teaching skills.

What to Expect

The PhD in finance program requirements include a set of graduate courses, written and oral comprehensive examinations and an original dissertation that contributes new knowledge to the field of finance. Regular seminars enhance the doctoral experience. The program of study is flexible to accommodate individual interests, but all students take advanced classes in finance, economics and statistics.*

Finance PhD candidates can work as research or teaching assistants, which enables them to receive direct support, including a full tuition waiver.

*All programs of study are subject to the approval of a student’s doctoral program committee.

Show Me the Facts

Students currently enrolled in this program
Graduates since 2010
Placements since 2010


Applications must be received by February 1 for full consideration for admission in the fall. Earlier applications are encouraged. Admission to the PhD programs in the Trulaske College of Business is selective. Strong applicants have a demonstrated record of academic accomplishment, intellectual curiosity and enthusiasm for discovery, and a general understanding of the demands of a doctoral program. Work experience in business, management, research, or similar endeavors is very welcome but not required.

Click here for detailed admissions requirements for the PhD program.

Degree Requirements

All PhD students in the Robert J. Trulaske, Sr. College of Business must take 15 hours of general business courses to acquaint them with the functional areas of business.

  • ACCT 7310: Accounting for Managers
  • FIN 7440: Managerial Finance
  • MKT 7460: Managerial Marketing
  • ECON 7332: Microeconomics for Managers
  • Plus one department-specific finance course

The PhD Program Coordinator can waive these courses for students who have satisfactorily completed equivalent course work.

Students complete two 9-hour Support Areas or one 12-hour Support Area to complement their advanced training in finance. At least one Support Area must come from outside the Robert J. Trulaske, Sr. College of Business. Most students choose Support Areas in economics and statistics resembling the following examples:

Example Support Area I: Economics

  • ECONOM 8370 Mathematics for Economics
  • ECONOM 8451 Microeconomic Theory
  • ECONOM 8453 Macroeconomic Theory

Example Support Area II: Statistics

  • STAT 8310 Data Analysis I
  • STAT 8710 Intermediate Mathematical Statistics I
  • STAT 8720 Intermediate Mathematical Statistics II

Other popular Support Areas are accounting, mathematics, psychology, and corporate law. The Support Area requirements are primarily completed in the first year of study.

Students who complete two (one) Support Areas also complete a 12-hour (18-hour) Collateral Area. The Collateral Area requirement focuses on analytical tools. Most students choose a Collateral Area in econometrics resembling the following example:

Example Collateral Area: Econometrics

  • ECONOM 8473 Applied Econometrics
  • ECONOM 9472 Econometric Theory I
  • ECONOM 9473 Econometric Theory II
  • STAT 8640 Bayesian Analysis I

Course work applied to a Support Area cannot be applied to a Collateral Area.

Students are required to take the following five research seminars:

  • FINANC 9001 Advanced Topics in Finance
  • FINANC 9100 Seminar in Corporate Finance
  • FINANC 9200 Research in Corporate Finance
  • FINANC 9300 Financial Economics
  • FINANC 9400 Seminar in Investment Analysis

The finance seminar courses are typically completed in the second year of study. Students also take one credit hour of FINANC 9101 Topics Seminar in Finance during each of their first four semesters in the program. This seminar focuses on professional development.

Students take the comprehensive exam following the completion of their doctoral course work requirements. The exam consists of written and oral sections and is typically scheduled at the beginning of the fall semester in the third year of study.

The final requirement of the PhD program in finance is the research dissertation. After completing the comprehensive exam, students enroll in a minimum of two credit hours each fall and winter semester and one credit hour each summer session of FINANC 9090 Research in Finance. This enrollment continues until the final semester of the dissertation defense. Students must complete a minimum of 12 hours of FINANC 9090.

Each student, working under the supervision of the doctoral committee chair, completes an original dissertation. The student proposes a scholarly research project and formally presents this proposal to the dissertation committee around the end of the third year of study. After the committee approves the proposal, the student completes the dissertation and makes an oral defense.

Finance PhD Program Coordinator