加载中…芝加哥大学BOOTH商学院金融学博士项目
(2011-09-05 11:11:27)
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分类： 美国著名金融经济学家 |
Finance
The finance Ph.D. Program is concerned with such areas as: (1)
the behavior and determinants of security prices, including stocks,
bonds, options, and futures; (2) portfolio management; (3) the
management of corporate and public funds, including the choice of
investment projects and the choice of sources of funds; and (4) the
management and regulation of financial institutions. Students take
courses from both Chicago Booth and the Department of Economics as
part of their training.
When fulfilling general PhD degree requirements, please make
sure to consult the relevant section of the Guidebook that
discusses those requirements (e.g., curriculum paper requirements
in Chapter 2, co-authorship rules in Chapter 5), in addition to
area specific requirements (if any).
Finance as a Dissertation Area:
For students writing a dissertation in finance, the General
Examination requirements are:
1) Six finance course requirement: Students must take at least
six finance courses as stipulated below:
• The following four required classes: B35901, B35902, B35903
– Theory of Financial Decisions I-II-III; and B35904 – Asset
Pricing or B35912 – Asset Pricing Theory.
• At least two from this list:
o B35905 – Topics in Empirical Finance
o B35906 – Behavioral Finance
o B35907 – Topics in Asset Pricing
o B35908 – Research Projects
o B35909 – Topics in Asset Pricing
o B35910 – Asset Pricing and Macroeconomics
o B35911 – Observable Implications of Equilibrium Models in
Macroeconomics and Finance
o B35132 – Financial Engineering: Mathematical Models of
Option Pricing and Their Estimation
Students must obtain a grade point average of at least 3.5 out
of 4.0 in the six finance courses. Students must complete this
course work by the end of the spring quarter of their second year.
At the discretion of the finance faculty, a student who has passed
the “Second Year Paper in Finance Requirement” (see below) but who
has not met the “Six Finance Course Requirement,” may be allowed to
continue in the Finance Dissertation Area conditional on meeting
the “Six Finance Course Requirement” by the end of the spring
quarter of the student’s third year.
The required courses and the standard of performance in them
seek to ensure that a student masters the body of knowledge that
the academic world has come to expect of students trained at
Chicago. The rules also ensure that a student will have some class
contact with different faculty who may later serve on thesis
committees.
2) Successful completion of the coordinated sequence, a three
course sequence in an area other than the dissertation and support
areas, with an average grade of “B” (3.0) or higher.
3) Successful completion of the second year paper in finance.
A student must submit an original research paper in early September
at the end of the student’s second year in the Program.
After the second year paper in finance has been reviewed, the
finance faculty will evaluate the student’s overall performance in
the student’s finance courses and research to decide if the student
has successfully completed the General Examination requirements in
finance.
Papers co-authored with faculty members or students (at
Chicago or elsewhere), or where co-authorship is anticipated, may
not be used to satisfy any of the finance research requirements for
a Ph.D. (second-year paper or dissertation).
A student may fulfill both the curriculum paper requirement
and the finance paper requirement with the same paper. However, the
student must also comply with the “Curriculum Paper” submission
requirements. Extensions to curriculum paper/finance paper
deadlines (e.g., Topic Approval Form) must be obtained from the
Finance Area Advisor. Extensions are not allowed for the Finance
Paper itself.
4) Successful completion of the finance workshop participation
requirement Students are required to register for the Finance
Workshop, B35600, each quarter that it is offered during their
second and third years in the Ph.D. program for a grade of
Pass/Fail. Each quarter, students must submit a referee report on
two of the papers presented in the Finance workshop to the faculty
member in charge of the workshop. Consult the Course Schedule for
information as to who is in charge of the Finance Workshop for a
given quarter, turn in your two reports to that professor and
remind him or her to submit your grade to in the usual
manner.
Students in finance can take a variety of support
area/coordinated sequence combinations. Examples are:
Optional First Year Summer Paper in Finance:
Finance students wishing to write an optional research paper
during the summer following their first year in the Program may
apply for a grant to the Center for Research in Security Prices
(CRSP). Prerequisites are completion of any two of B35901, B35902,
B35903, B35904, with a minimum grade of B (3.0) in each course
(Joint Program in Financial Economics students do not have to have
completed all prerequisites to be eligible). Two types of projects
are possible:
(1) Original Research: Submit an original paper to the Ph.D.
Office by the end of September of the first year. If the paper is
an extension of one written for a course, the extension must be
substantial and the original paper must be submitted with the CRSP
research paper. The finance faculty will evaluate these papers and
provide feedback.
(2) Junior Co-authorship: Work as a junior co-author with a
finance faculty member. The student must be signed on as a junior
co-author by a faculty member before the summer quarter of the
student’s first year in the Program. (See Chapter 8 of this
Guidebook for details about co-authorship.)
The requirements and procedures are as follows:
• Papers must have substantial financial content.
• The student must be in residence and work during his or her
first summer in the Program.
• The student must submit an outline (see below) of the
proposed paper to the Ph.D. Office by the last day of spring
quarter of the first year.
o Students writing an original research paper must submit an
outline of the proposed study or a copy of an existing paper the
student is extending to the two finance faculty members with whom
the student would like to work.
o Students working as a junior co-author with a finance
faculty member must submit an outline of the proposed joint
project.
• The outline should be accompanied by the appropriate CRSP
application form, signed by two finance faculty sponsors.
• A draft of the paper or research project must be submitted
to the Ph.D. Office by the first day of autumn quarter.
• The paper or research project will be evaluated by a
committee of three finance faculty members. If it is approved, the
student will receive a grant of $5,000 before the end of the autumn
quarter.
Here is an example of a four-year course schedule for a Ph.D.
student writing a dissertation in finance with economics as a
support area and econometrics/statistics as a coordinated
sequence.
Year 1 in the Program:
Finance as a Support Area:
Finance is not a basic discipline and as such finance courses
cannot be taken to fulfill the support area requirements for the
PhD degree, except for students whose dissertation area is
Economics and who may elect Financial Economics as a field
specialization.
Finance as a Coordinated Sequence:
The following finance courses can be taken to fulfill the
coordinated sequence requirement: any three of B35901, B35902,
B35903, B35904, B35905, B35906, B35907, B35908, B35909, B35910,
B35911, B35912 and B35132.
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