University of Iowa Finance PhD Program

The Finance PhD program at the University of Iowa’s Tippie College of Business is a rigorous and research-focused program designed to prepare students for academic careers at leading universities. It emphasizes a strong foundation in economic theory, econometrics, and quantitative methods, enabling graduates to conduct cutting-edge research in diverse areas of finance.

Curriculum and Structure

The program typically takes four to five years to complete. The first two years are primarily dedicated to coursework, covering topics such as microeconomics, macroeconomics, econometrics, asset pricing, corporate finance, and financial econometrics. Students are expected to pass comprehensive examinations after the first two years to demonstrate their mastery of the core material. These exams serve as a crucial checkpoint before students embark on their dissertation research.

Following the completion of coursework and successful passage of the comprehensive exams, students focus on developing their dissertation research. They work closely with faculty advisors to identify research topics, develop research methodologies, and conduct original research. The program encourages students to present their research at academic conferences and submit their work to leading finance journals.

Faculty and Research Areas

The Finance faculty at the University of Iowa is comprised of accomplished researchers with expertise in a wide range of areas, including asset pricing, corporate finance, market microstructure, behavioral finance, and financial econometrics. Faculty members are actively engaged in research and publication, providing students with opportunities to collaborate on research projects and learn from their experience. Some notable research areas include:

• Asset Pricing: Studying the determinants of asset prices and investment strategies.
• Corporate Finance: Examining corporate financial decisions such as capital structure, investment, and payout policy.
• Market Microstructure: Analyzing the trading mechanisms and information flow in financial markets.
• Behavioral Finance: Investigating the impact of psychological biases on investor behavior and market outcomes.
• Financial Econometrics: Developing and applying econometric methods to analyze financial data.

Admission and Placement

Admission to the Finance PhD program is highly competitive. Applicants are evaluated based on their academic record, GRE scores (though check the latest admissions requirements as GRE requirements may have changed), letters of recommendation, and statement of purpose. A strong background in mathematics, statistics, and economics is highly desirable. Ideal candidates will have a clear research agenda and a passion for advancing knowledge in finance.

Graduates of the program have been placed at reputable universities across the globe. The program’s emphasis on rigorous research training and faculty mentorship contributes to the successful placement of its graduates in academic positions.

Overall

The University of Iowa’s Finance PhD program offers a challenging and rewarding educational experience for aspiring finance scholars. With its rigorous curriculum, dedicated faculty, and supportive research environment, the program provides students with the tools and resources they need to succeed in their academic careers.