EDHEC-Risk Concept Industry Analysis Featured Analysis Latest EDHEC-Risk Surveys Research News Research Papers Books Features Interviews Indexes and Benchmarking EDHEC-Risk Efficient Equity Indices Equity Index Research EDHEC-Risk Alternative Indexes EDHEC-Risk IEIF Commercial Property Indices Hedge Fund Indices Literature EDHEC-Risk's Position on the Eligibility of Hedge Fund Indices for UCITS Assessing the Quality of Stock Market Indices EDHEC-Risk European ETF Survey Core-Satellite Investing Amundi ETF "Core-Satellite and ETF Investment" Research Chair Style and Performance Analysis Hedge Fund Performance EuroPerformance/EDHEC-Risk Institute Style Ratings Alpha League Table IPE/EDHEC-Risk Institute Institutional Asset Management Awards (IAMA) Rating the Ratings Performance Measurement for Traditional Investment Asset Allocation and Alternative Diversification EDHEC-Risk European Alternative Diversification Practices Survey Hedge Fund Style Allocation EDHEC-Risk Funds of Hedge Funds Reporting Survey The Amaranth Case The Hedge Fund Debate Core-Satellite Investing Newedge "Advanced Modelling for Alternative Investments" Research Chair Asset Allocation and Derivative Instruments Structured Forms of Investment Strategies Use of Derivatives in Asset Management FBF "Structured Products and Derivatives" Research Chair ALM and Asset Management Solvency II Impact of IFRS & Solvency II on ALM & AM in Insurance Companies Managing Pension Assets Benefits of Hedge Funds in ALM ALM Decisions in Private Banking AXA Investment Managers "Regulation and Institutional Investment" Research Chair BNP Paribas Investment Partners "ALM and Institutional Investment Management" Research Chair ORTEC Finance "Private Asset-Liability Management" Research Chair Deutsche Bank "Asset-Liability Management Techniques for Sovereign Wealth Fund Management" Research Chair UFG "Dynamic Allocation Models and New Forms of Target-Date Funds for Private and Institutional Clients" Research Chair Rothschild & Cie "The Case for Inflation-Linked Bonds: Issuers' and Investors' Perspectives" Research Chair Operational Risks and Performance MiFID TCA in Europe: Current & Best Practices Mitigating Hedge Funds Operational Risks CACEIS "Risk and Regulation in the European Fund Management Industry" Research Chair EDHEC-Risk Publications Reports, Studies, Surveys and Position Papers Academic Publications All EDHEC-Risk Publications Investment Management Review Editorial Policy Subscriptions Events Events organised by EDHEC-Risk Institute CFA Institute/EDHEC-Risk Institute Alternative Asset Allocation Seminar, New York, 30 March-1 April 2010 CFA Institute/EDHEC-Risk Institute Advances in Asset Allocation Seminar, Singapore, 18-20 May 2010 Conférence de la Gestion Institutionnelle Française 2010, Paris, 8-9 juin 2010 CFA Institute/EDHEC-Risk Institute Advances in Asset Allocation Seminar, New York, 13-15 July 2010 EDHEC-Risk Institutional Days 2010, Monaco, 8-9 December, 2010 Events involving EDHEC-Risk Institute's participation EDHEC-Risk Institute Presentation Research Programmes Research Chairs International Advisory Board Partners Team EDHEC-Risk News Press Releases EDHEC-Risk in the Press Careers EDHEC Business School EDHEC-Risk Executive Education EDHEC-Risk Institute PhD in Finance EDHEC-Risk Institute Executive MSc in Risk and Investment Management Investment Management Seminars Contact Us Contact Us
EDHEC-Risk Executive Education

EDHEC-Risk Institute PhD in Finance - Class Profile & Testimonials

Profile of the entering class of 2009

The three doctoral students joining the residential track of the programme have an average age of twenty-nine and come from Latin America (Brazil) and Europe (Italy). They have master’s degrees in engineering, finance and economics awarded by the Coppead Graduate School of Business (Brazil), Bocconi University (Italy), and Politecnico di Milano (Italy). They have acquired initial work experience in investment banking, financial services, and academe. These PhD candidates will work three days a week as research assistants at EDHEC-Risk or the EDHEC Economics Research Centre and, as such, will enjoy significant financial aid, all while contributing, in synergy with their dissertation, to work at the heart of the concerns of the finance industry. Generally, these students undertake the doctoral programme to prepare for academic careers in leading research and educational institutions.

The more experienced practitioners joining the executive track of the programme usually embark on the PhD in Finance to take a step towards senior positions in finance or, when they already hold such positions, to help them steer their organisations in new directions. As they complete the stimulating academic curriculum and work with leading specialists on research of particular relevance to their organisations, they will learn to leverage their expertise and insights to make contributions at the frontiers of financial knowledge and practices.

The seventeen professionals joining the programme have an average age of thirty-nine, and sixteen years of experience. Four of them are chief executives and/or chairs, one is principal, five are heads of units, four are senior directors or managers, and three are portfolio or risk managers. These professionals work in Europe (53%), North-America (29%) and East Asia (18%). They work in asset management (47%), investment banking and capital markets (18%), private banking and wealth management (17%), international institutions (6%), and industrial corporations (6%). Most work for large international corporations (Bank of America, Deloitte, Deutsche Bank, HSBC, ING, UBS, and so on), but also represented are large companies specialised in a line of business or a region and boutiques.

These practitioners have solid academic backgrounds. They have undergraduate degrees in science and engineering (29%), mathematics and physics (23%), finance (12%), economics (12%), business and management (12%), and philosophy or international relations (6%). They have graduate degrees in finance (53%), business and management (29%), sciences and engineering (24%), economics (24%) and European Politics & Policy (6%). These degrees are from such institutions as Columbia, Duke, London Business School, University of Chicago (Booth), and SDA Bocconi. All admitted applicants hold master’s degrees and the median GMAT score of the newly entering PhD in Finance candidates is 705 (20-80% range: 670-730).


Profile of Programme Participants
Demographics

Currently enrolled:
33
Countries represented:
26
International students:
97%
Average age of executive track participants:
39
Average age of residential track participants:
28
Average professional experience of executive track participants:
16 years
 
Regions of residence (executive track participants):
Europe:
46%
Asia:
29%
North America:
25%




Testimonials

Sanjay Misra, Portfolio Manager, BlackRock Japan, Indian, 35

"The elective courses are taking core courses a step further by introducing us to the frontier of research. Once we started taking electives, we realised both the vastness and relevance of the material that we had covered in the first year and everything came together nicely." More...

Pablo Balan, Global Head of Portfolio Risk and Analytics, Coutts, British and American, 39

"The teaching quality is excellent compared to my experience - typically the best researchers do not make the best instructors, but EDHEC-Risk Institute has managed to assemble a team of highly respected scholars who yet manage to be very precise and didactic.." More...

Gideon Ozik, Head of Hedge Fund Solutions, SGAM AI, Israeli, 34

"The class forms an incredible pool of talented and experienced people. Some of my peers are already at the top in their field and many others have the shine of future leaders. The diversity in the classroom is also astounding: here is a group of men and women from all continents, with academic backgrounds ranging from math/physics to political science, and a wealth of professional experiences in investment banking, asset management, wealth management, and consulting. Interacting with people from such different backgrounds is very enriching, leads to creative ideas and can result in joint research projects. Through interaction, this collection of gifted individuals becomes a powerful learning community: the sum is much bigger than the parts." More...

Igor Lojevsky, Chief Country Officer and Chief Executive Officer, Russia & CIS, Deutsche Bank, Moscow, Russian and American, 52

"It is extremely motivating to learn from the best in the field as well as to learn to learn. Faculty does not hand out lists of one-size-fits-all advice and recipes for success but instead opens doors by providing us with the concepts and tools to investigate our own questions. While very intense, the block-week setup of the courses is great. Each half-course delivered over the week gives us a concentrated overview of the key issues—the type of broad vision that is typically lacking in practice—and serves as a toolbox for in-depth work on the readings." More...

Rachid Lassoued, Head of Financial Engineering, Bloomberg, French and Tunisian, 34

"The programme allows you to step back and approach new problems with a global view. I no longer see what I have done over the years under the same light: I am able to reinterpret my past work in a global framework and can think of extensions. Any financial institution – bank, insurance company, asset manager, etc. – will gain from having professionals with this type of training on board." More...

Jasmine (Zhong) Yu, Senior Investment Analyst, Abu Dhabi Investment Council, Abu Dhabi, Chinese & American, 38

"EDHEC Business School came up with a new format allowing executives to follow a rigorous doctoral programme. While the delivery format caught my attention, I was highly impressed by the academic quality of the programme and its outstanding faculty and was excited by the idea of a purely finance programme and the possibility of focusing on asset management, my professional area. I also enjoyed the global orientation of the programme and its distinctive European flavour, i.e., quantitative bent, interest in risk management, and diversity of perspectives." More...

Rehan Syed, Head of Portfolio Management, ABN AMRO Private Bank, Dubai, American, 41

"I would recommend the programme to any experienced asset management officer aspiring to higher intellectual levels and career development, and to anybody who wants to function on the state-of-the-art boundary, which is way beyond where professional designations take you. Come to think of it, I would recommend the programme to any serious finance practitioner." More...

Tim Bollerslev, Juanita and Clifton Kreps Professor of Economics in the Department of Economics and Professor of Finance at the Fuqua School of Business, Duke University, teaches Volatility Modelling, elective seminar

"At Duke, I teach in both executive education and doctoral programmes. Here the students were a nice mix of the two as they had both a great academic interest in finance and real experience from the field – this was perfect for me since I strive to do academic research that is in sync with the industry.." More...

Pietro Veronesi, Professor of Finance, Booth School of Business, University of Chicago and Affiliate Faculty, teaches Recent Developments in Dynamic Asset Allocation and Macro-Finance

"I was definitely surprised by the quality of the students. I give this advanced doctoral seminar every other year at the University of Chicago. Knowing about the large proportion of executives in the class, I was worried that the material may be too difficult. It was a relief to find out that students not only were up to the challenge but also had very good questions for me, many of which were very different from those I get in Chicago. This is a pretty smart group of people and I had fun teaching them." More...

Abraham Lioui, Professor of Finance, teaches Financial Economics, Core Course

"The programme allows participants to develop an integrated view of how financial markets and institutions operate, equips them with a thorough understanding of financial modelling, and trains them to do research. In a very competitive industry, heads of research and product development need this type of training to innovate." More...

Jakša Cvitanic, Professor of Mathematical Finance, Division of the Humanities and Social Sciences, California Institute of Technology and Affiliate Faculty, teaches Continuous Time Finance, Core Course

"Doctoral training provides you with knowledge and a set of tools which can be used in the industry. For example, we all read about the complex derivative products at the heart of the current financial crisis—it is useful for professionals in the finance industry to understand what models were used to price and manage these products and what went wrong." More...

Pierre Mella-Barral, Professor of Finance, teaches Corporate Finance, Core Course

"The executive track of the PhD seems to attract students who do not undertake the programme for short-term professional gains but much more for very pure personal and intellectual objectives. This makes the experience unique. Our PhD students are guided by a genuine thirst for knowledge and have demonstrated strong willingness to work and absorb difficult material; it is a pleasure to help them in their pursuits." More...