Program Requirements | A. B. Freeman School of Business

Program Requirements

General Requirements

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 are required to take and pass the comprehensive exam in econometrics (to be administered and graded by the Economics Department with the passing grade recommendation by the economics faculty to the finance and financial accounting faculty).

First-Year Paper

In the summer after the first year, students are required to complete a replication of an empirical paper in finance or financial accounting. The paper will be assigned by the Ph.D. Program Director (The Ph. D. Program Director must be a tenured faculty member in finance or financial accounting) and will be completed under the advisement of two tenured or tenure track faculty members in finance or financial accounting (who will grade the work). One will function as the first reader and the other will function as the second reader. 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 tenured or tenure track faculty member, who along with a second tenured or tenure track faculty member will certify to the Ph.D. Program Director no later than September 1 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.

Second-Year Paper

In the spring semester of the second year, students are required to start (or join) a co-authored project with ideally two tenured or tenure track Freeman School faculty members who have successfully published in A level journals. The goal is to learn how to write and polish research papers from people who have done it successfully. The faculty co-authors will grade and evaluate your performance on the paper. Co-authoring arrangements will be based on voluntary agreements between students, the Faculty Doctoral Program Director and faculty members, without any a priori guarantee or compulsion.

Major Area Comprehensive Exam

In the summer after the second year, students are required to take and pass a comprehensive exam based on their finance and accounting seminars.

Third-Year Paper

Starting in the summer after the second year (or earlier) students are required to work on an independent research project in finance or financial accounting. This project should result in a completed paper and will be completed under the supervision of a committee of at least 2 tenured or tenure track faculty members, at least 1 of whom must be a finance or financial accounting faculty. The student must complete and successfully present the paper to the finance and financial accounting faculty for advancement in the program. The student should present evidence of considerable progress to the committee, preferably in the form of a first draft, by the end of the fall semester of the 3rd year. 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 are expected to actively pursue dissertation research

Finance Seminars/Workshops

Students are required to attend Finance/Financial Accounting Workshops/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. Scholarships will continue each year provided the student is making satisfactory progress in the program. Assistantships will continue each year provided the student is making satisfactory progress and is performing well in their assistantship duties. Hence, students will receive funding for up to six years provided they are making satisfactory progress and performing well in their assistantship duties.

Students will be assigned to either a research assistantship or a teaching assistantship for each semester during the first 2 ½ 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 1 course for the other semester. During the 4th and 5th year (and the 6th year if a student is still in the program), students will teach 2 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.