Students earning the Finance and Financial Accounting Concentration of the Freeman School Doctor of Philosophy Degree in Business Administration are required to take a minimum of 48 credits. These credits will include required coursework in the first two years of the program, a third-year paper, some elective choices and some independent research credits in subsequent years.
Econometrics Comprehensive Exam
In the summer after the first year, students will be required to take and pass the comprehensive exam in econometrics (to be administered and graded by the Department of Economics, with the passing grade determined by the tenure system Finance/Financial Accounting faculty).
In the summer after the first year, students will also be required to complete a replication of an empirical paper in finance or financial accounting. The paper assignment will be the principal requirement of a for-credit course and should be completed by the end of the summer term. Alternatively, students may work as a co-author with a tenure system faculty member, who along with a second tenure-track faculty member will certify that the student has met the requirements for the first-year paper in the joint work. Co-authoring arrangements will be based on voluntary agreements between students and faculty members, without any a priori guarantee or compulsion.
Major Area Comprehensive Exam
In the summer after the second year, students will be required to take and pass the comprehensive exam in finance.
Starting in the summer after the second year (or earlier), students will be required to work on an independent research project in finance or financial accounting. This project should result in a paper and is to be completed under the supervision of an appropriate faculty committee approved by the program director. The student must complete and successfully present the paper to the finance and financial accounting faculty for advancement in the program. The final paper should be completed and presented by the end of the spring semester of the 3rd year. The presentation will be considered an oral examination. Students successfully passing this examination will be admitted into candidacy.
Dissertation Proposal and Defense
After entering candidacy, students will be expected to actively pursue dissertation research.
Students are required to attend Finance/Financial Accounting workshops and seminars unless they have a class conflict or an emergency. They are also encouraged to attend seminars in the economics department.
Scholarships, Assistantships and Teaching Requirements
Students will be granted assistantships and scholarships for up to six years. The scholarship will be half of the financial assistance per year provided the student is making satisfactory progress. The assistantship will be an additional half of the financial assistance per year provided the student is making satisfactory progress and performing well in his or her assistantship duties.
Students will be assigned to either a research assistantship or a teaching assistantship for each semester during the first two and a half years in the program. They will rotate across the two types of assistantships, which will provide mentoring experiences for students on the teaching dimension and the research dimension. Each semester-long assistantship will entail 15 hours per week as a research or teaching assistant under the supervision of a faculty member. In the third year, students are expected to serve as a research or teaching assistant for one semester and to teach one course for the other semester. During the fourth and fifth year (and the sixth year if a student is still in the program), students will teach two courses per year for their assistantship.
NOTE: Students must successfully complete one teaching assistantship and attend the CELT class for graduate teaching assistants before they teach a class independently.