Edhec-Risk
Features
Executive Education - September 22, 2009

Demand for EDHEC PhD in Finance on the rise

     

The number of applications for admission to the PhD in Finance offered by EDHEC-Risk Institute rose by more than 60% year-on-year. 2009 admissions proved extremely competitive and the entering class will bring together a group of exceptional individuals from six continents, representing sixteen nationalities.


Since October 2008, EDHEC-Risk Institute has been offering a unique PhD in Finance programme. Its purpose is to help outstanding individuals become autonomous researchers and lifelong innovators by enabling them to develop the scientific background and skills required to define, conduct and complete research projects that advance knowledge and practices in the financial industry. The programme is offered in two tracks: a "residential track" for high-potential graduate students who will hold part-time research positions at EDHEC Business School, and an "executive track" for high-level practitioners who will keep their full-time jobs.


The number of applications for admission to the EDHEC-Risk Institute PhD in Finance rose by more than 60% year-on-year. With 140 high quality applications received, 2009 admissions proved extremely competitive. Twenty-seven applicants (19%) were offered a place in the programme and twenty-one of them will be joining it. As with the inaugural class, the entering class of 2009/2010 will bring together a group of exceptional individuals from the world over.

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 masterís 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 eighteen professionals joining the programme have an average age of forty, and seventeen years of experience. Four of them are chief executives and/or chairs, two are partners or principals, five are heads of units, four are senior directors or managers, and three are portfolio or risk managers. These professionals work in Europe (45%), North-America (33%) and East Asia (22%). They work in asset management (56%), investment banking and capital markets (17%), 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 (33%), mathematics and physics (28%), finance (11%), economics (11%), business and management (11%), and philosophy (6%). They have graduate degrees in finance (56%), business and management (33%), sciences and engineering (28%), and economics (22%). These degrees are from such institutions as Columbia, Duke, London Business School, University of Chicago (Booth), and SDA Bocconi. All admitted applicants hold masterís degrees and the median GMAT score of the newly entering PhD in Finance candidates is 690 (20-80% range: 650-730).

The entering class of 2009 will start the programme in the second week of October on the Schoolís Nice campus. During the first of the four residential weeks of the programmeís first year, these new PhD in Finance candidates will take classes in two of the required courses and participate in their first monthly research workshop, the first steps in a demanding learning process leading to the highest possible distinction for finance professionals.

Information sessions presenting the EDHEC PhD in Finance will be taking place at the following locations in the autumn:

  • Paris, 28 September - Hyatt Regency Paris-Madeleine - 6:30pm CET
  • London, 29 September - ANdAZ Hotel - 6:30pm BST
  • Webconference, 22 October Ė 2:30pm CET, 8:30am EST, 9:30pm UTC+8
  • New York, 26 October - Grand Hyatt Hotel - 6:30pm EST
  • Chicago, 28 October - venue to be confirmed - 6:30pm CDT
  • Singapore, 19 November - venue to be confirmed - 6.30pm UTC+8
  • Hong Kong, 16 November - time and venue to be confirmed

For information about the EDHEC PhD in Finance, please contact Ms Maud Gauchon at maud.gauchon@edhec-risk.com or on +33 493 183 267.

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