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As a finance PhD student at Chicago Booth, you’ll join a community that encourages you to think independently.

Taking courses at Booth and in the university’s Kenneth C. Griffin Department of Economics, you’ll gain a solid foundation in all aspects of economics and finance—from the factors that determine security prices to how firms make investment decisions.

The Finance PhD Program also offers the Joint Program in Financial Economics, which is run by Chicago Booth and the Department of Economics in the Division of the Social Sciences at the University of Chicago.

Our Distinguished Finance Faculty

Chicago Booth finance faculty are leading researchers who also build strong relationships with doctoral students, collaborate on new ideas, and connect students with powerful career opportunities.

Emanuele Colonnelli

Emanuele Colonnelli

Assistant Professor of Finance; Liew Family Junior Faculty Fellow and Fama Faculty Fellow

Wenxin Du

Wenxin Du

Assistant Professor of Finance and Biehler Junior Faculty Fellow

Niels Gormsen

Niels Gormsen

Neubauer Family Assistant Professor of Finance and Asness Junior Faculty Fellow

Lars Peter Hansen

Lars Peter Hansen

David Rockefeller Distinguished Service Professor The University of Chicago Departments of Economics, Statistics and the Booth School of Business

Steven Neil Kaplan

Steven Neil Kaplan

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance and Kessenich E.P. Faculty Director at the Polsky Center for Entrepreneurship and Innovation

Anil Kashyap

Anil Kashyap

Stevens Distinguished Service Professor of Economics and Finance

Yueran Ma

Yueran Ma

Assistant Professor of Finance and Liew Family Junior Faculty Fellow

Pascal Noel

Pascal Noel

Neubauer Family Assistant Professor of Finance and Kathryn and Grant Swick Faculty Scholar

Lubos Pastor

Lubos Pastor

Charles P. McQuaid Professor of Finance and Robert King Steel Faculty Fellow

Amir Sufi

Amir Sufi

Bruce Lindsay Professor of Economics and Public Policy

Pietro Veronesi

Pietro Veronesi

Deputy Dean for Faculty and Chicago Board of Trade Professor of Finance

Robert W. Vishny

Robert W. Vishny

Myron S. Scholes Distinguished Service Professor of Finance and Neubauer Faculty Director of the Davis Center

Luigi Zingales

Luigi Zingales

Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance, and Charles M. Harper Faculty Fellow

Erick Zwick

Eric Zwick

Associate Professor of Finance and Fama Faculty Fellow

A Network of Support

Chicago Booth is home to several interdisciplinary research centers that offer funding for student work, host workshops and conferences, and foster a strong research community.

Fama-Miller Center for Research in Finance
Tasked with pushing the boundaries of research in finance, the Fama-Miller Center provides institutional structure and support for researchers in the field.

Becker Friedman Institute for Economics
Bringing together researchers from the entire Chicago economics community, the Becker Friedman Institute fosters novel insights on the world’s most difficult economic problems.

Center for Research in Security Prices
CRSP maintains one of the world’s largest and most comprehensive stock market databases. Since 1963, it has been a valued resource for businesses, government, and scholars.

Initiative on Global Markets
Enhancing the understanding of business and financial market globalization, the IGM positions Chicago Booth as a thought leader in the understanding of ever-changing markets and improves financial and economic decision-making around the world.

George J. Stigler Center for the Study of the Economy and the State
Dedicated to examining issues at the intersection of politics and the economy, the Stigler Center supports research by PhD students and others who are interested in the political, economic, and cultural obstacles to better working markets.

Rustandy Center for Social Sector Innovation
Committed to making the world more equitable and sustainable, the Rustandy Center works to solve complex social and environmental problems. The center’s student support includes fellowships, research funding, and networking opportunities.

Alumni Success

Chicago Booth PhD graduates go on to successful careers in prominent institutions of higher learning, leading financial institutions, government, and beyond.

Alexi Savov, a businessman in a suit with blue shirt and short dark hair, smiles at camera on gray background.

Alexi Savov, MBA ’10, PhD ’10

Associate Professor of Finance
New York University Stern School of Business

Alexi Savov has been at NYU Stern since graduating from Booth in 2010 with a PhD in finance. His latest research focuses on the transmission of monetary policy through financial institutions to the broader economy.

The PhD Experience at Booth

For Itzhak Ben-David, PhD ’08, the PhD Program in Finance was an exploratory journey.

Current Finance Students

PhD students in finance study a wide range of topics, including the behavior and determinants of security prices, the financing and investment decisions of firms, corporate governance, and the management and regulation of financial institutions. They go on to careers at prestigious institutions, from Yale University to the International Monetary Fund.

Spotlight on Research

The pages of Chicago Booth Review regularly highlight the research findings of finance faculty and PhD students.

Aerial graphic of New York City, showing several alternate taxi routes to and from the Federal Reserve.

Inside Information from the Fed? Follow That Cab

Chicago Booth PhD candidate David Andrew Finer analyzes New York City taxi data and finds evidence suggesting face-to-face meetings between insiders from the New York Fed and Manhattan’s financial sector.

Program Expectations and Requirements

The PhD Program at Booth is a full-time program. Students generally complete the majority of coursework and examination requirements within the first two years of studies and begin work on their dissertation during the third year.

For details, see General Examination Requirements by Area in the PhD Program Guidebook.
Download the Guidebook