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PhD in MANAGEMENT

Finance

Designed for aspiring academic professionals, the PhD program in Finance will provide you the personalized mentorship and rigorous educational platform from which to launch a successful career at a research-oriented university.

By exposing you to foundational theoretical models and cutting edge empirical methodologies, our world-renowned faculty will help you conduct exciting and impactful research, embrace innovative teaching, and engage in broader conversations on the role of finance in modern economies. We believe it is critical to build your research skills from the outset of your time in our program such that your research record stands out in a highly competitive academic job market.

Our faculty’s positions on the editorial boards of top academic journals, including Journal of Financial and Quantitative Analysis and Journal of Financial Intermediation, further help students learn how to publish their research in top journals.

Finance at Purdue

Pursuing a PhD in Finance at Purdue University’s Daniels School of Business offers a uniquely rigorous and collaborative research environment. Our faculty are internationally recognized for their contributions across asset pricing, corporate finance, and financial econometrics. Doctoral students work closely with faculty from the beginning of the program, benefiting from a culture that values mentorship, intellectual openness, and joint research. The department’s active research clusters and hands-on guidance help students develop strong theoretical and empirical foundations early in their studies.

Student writing at a whiteboard

Finance at Purdue

Pursuing a PhD in Finance at Purdue University’s Daniels School of Business offers a uniquely rigorous and collaborative research environment. Our faculty are internationally recognized for their contributions across asset pricing, corporate finance, and financial econometrics. Doctoral students work closely with faculty from the beginning of the program, benefiting from a culture that values mentorship, intellectual openness, and joint research. The department’s active research clusters and hands-on guidance help students develop strong theoretical and empirical foundations early in their studies.

Purdue University Advantage

As a land-grant, research-1 university with science, technology and engineering in its DNA, Purdue provides the resources of a world-class institution and a commitment to accessible, high-impact education. At the Daniels School of Business, this means pairing rigorous research training with a supportive community — ensuring our doctoral students have the mentorship, tools, and momentum to thrive as scholars.

Two PHD Students in Conversation

Vibrant Community

A key strength of our program is the vibrant academic community created through research seminars including internal workshops and visiting-scholar presentations. Students have regular opportunities to interact with leading researchers from top universities, present early work, and receive constructive feedback. This steady scholarly engagement accelerates research development and exposes students to the frontier of knowledge across multiple areas of finance.

Two students talking

Vibrant Community

A key strength of our program is the vibrant academic community created through research seminars including internal workshops and visiting-scholar presentations. Students have regular opportunities to interact with leading researchers from top universities, present early work, and receive constructive feedback. This steady scholarly engagement accelerates research development and exposes students to the frontier of knowledge across multiple areas of finance.

Daniels School Advantage

The Daniels School also offers a supportive and caring culture that prioritizes student well-being and professional growth. Graduates of our program have a good placement record, securing academic positions at respected research universities. Altogether, Purdue provides a rigorous, collaborative, and nurturing environment that empowers students to build impactful research careers.

Two PHD Students in Conversation

Campus Connections

Purdue will place you in the heart of one of the nation’s most spirited college towns. You’ll enjoy the energy of a Big Ten campus alongside the ease and affordability of a community with a low cost of living. With Chicago and Indianapolis just a short drive away, you’ll experience an ideal balance of focus, accessibility, and conditions that support a positive doctoral journey.

Aerial view of campus

Campus Connections

Purdue will place you in the heart of one of the nation’s most spirited college towns. You’ll enjoy the energy of a Big Ten campus alongside the ease and affordability of a community with a low cost of living. With Chicago and Indianapolis just a short drive away, you’ll experience an ideal balance of focus, accessibility, and conditions that support a positive doctoral journey.

Research Topic Areas

  • Asset pricing
  • Behavioral finance
  • Corporate finance
  • Derivatives
  • Financial intermediation
  • Household finance
  • International finance
  • Macro finance
  • Mutual funds

Explore our Research publications >>

  • Adem Atmaz, Suleyman Basak and Fangcheng Ruan (2024) “Dynamic Equilibrium with Costly Short-Selling and Lending Market,” Review of Financial Studies
  • Sergey Chernenko and David Scharfstein (2024) “Racial Disparities in the Paycheck Protection Program,” Journal of Financial Economics
  • Mara Faccio and John McConnell (2025) “Impediments to the Schumpeterian Process in the Replacement of Large Firms,” Journal of Finance
  • Huseyin Gulen, Mihai Ion, Candace Jens, and Stefano Rossi (2024) “Credit Cycles, Expectations, and Corporate Investment,” Review of Financial Studies
  • Huseyin Gulen, Michael Cooper and Mihai Ion (2024) “The Use of Asset Growth in Empirical Asset Pricing Models,” Journal of Financial Economics
  • Huseyin Gulen, Stefano Cassella, Te-Feng Chen, and Yan Liu (2025) “Extracting Extrapolative Beliefs from Market Prices: An Augmented Present-Value Approach,” Journal of Financial Economics
  • Dejanir Silva, Victor Duarte and Diogo Duarte (2024) “Machine Learning for Continuous-Time Finance,” Review of Financial Studies
  • Kaushik Vasudevan and Paul Schmidt-Engelbert (2025) “Speculating on Higher-Order Beliefs,” Review of Financial Studies
  • Michael Weber, Philip Schnorpfeil and Andreas Hackethal (2025) “Inflation and Trading,” Journal of Financial Economics
  • Michael Weber and Ali Ozdagli (2025) “Monetary Policy Through Production Networks: Evidence from the Stock Market,” Review of Financial Studies
  • Deniz Yavuz, Amit Goyal and Sunil Wahal (2026) “Picking Partners: Manager Selection in Private Equity,” Journal of Financial Economics (Forthcoming)

Graduates of Purdue's Finance PhD program over the years have secured placements at top research universities in the U.S. and abroad, including... 

  • Australia National University
  • Carnegie Mellon
  • Erasmus University Rotterdam
  • Florida State University
  • Illinois State University
  • Indiana University, Bloomington
  • Nankai University
  • The Ohio State University
  • Pepperdine University
  • The University of Arizona
  • Tilburg University
  • University of California, UCLA
  • University of Dayton
  • University of Illinois at Chicago
  • University of Michigan

Curriculum

 For detailed descriptions of the courses, please visit Purdue’s online Course Catalog.

  • Coursework in finance, microeconomics, and econometrics
  • First-year summer paper
  • Complete coursework
  • Advance research with faculty co-authors
  • Identify personal research interests
  • Take preliminary exams
  • Choose a primary advisor
  • Propose dissertation at the end of year 3
  • Begin teaching undergraduate courses
  • Continue to advance own research and research with faculty co-authors
  • Defend dissertation
Adem Atmaz

Get In Touch

If you have questions about doctoral study in Finance, feel free to contact our PhD Coordinator, Dr. Adem Atmaz, at aatmaz@purdue.edu.

For questions about the admissions process or other PhD programs at the Daniels School of Business, email businessphd@purdue.edu and an Admissions Specialist will connect you with the appropriate department representative.

businessphd@purdue.edu

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