The joint Wisconsin Ph.D. Program in finance and economics was created in recognition of the strong interrelationship between financial markets and the broader economy. The program trains researchers for tenure-track positions at the nexus of these two fields. Specializing in this area will provide students the opportunity to expand their academic search to both economics and finance departments at top universities.
Students in the joint degree program take a common curriculum.
Students are admitted to both the Wisconsin School of Business and the economics department at the University of Wisconsin–Madison, forming a dissertation committee comprised of faculty from both business and economics. Students who are interested in this joint degree should apply to the Ph.D. specialization in finance or the Ph.D. in Economics and indicate their interest in the statement of purpose. The program is highly selective because it entails admission to both departments.
The core areas of research in the Department of Finance, Investment, and Banking include asset pricing, corporate finance, market microstructure, banking, and finance theory. Our faculty members contribute to significant advancements in the field, as evidenced by our recently published journal articles.
In addition to meeting the Graduate School requirements, students should have the following background to be admitted to the finance, investment, and banking department at the Wisconsin School of Business:
- Completed and performed well in basic undergraduate economics or finance courses
- Completed and performed well in mathematics, calculus, and linear algebra, including statistics and real analysis
Students must also be granted admission to the Department of Economics at UW–Madison.