University at Buffalo PhD in Finance: A Deep Dive

The University at Buffalo (UB) offers a robust and highly regarded PhD program in Finance, designed to train future scholars for careers in academia and research-oriented institutions. The program emphasizes rigorous analytical skills, a deep understanding of financial theory, and proficiency in empirical methodologies.

Curriculum and Structure

The program typically spans four to five years and is structured around a comprehensive curriculum. The initial years are primarily focused on foundational coursework in areas like:

• Microeconomics and Econometrics: Providing the theoretical and statistical tools necessary for conducting rigorous research.
• Corporate Finance: Exploring the financial decisions of firms, including investment, financing, and dividend policy.
• Asset Pricing: Investigating the valuation of financial assets and the determinants of risk and return.
• Financial Intermediation: Analyzing the role of financial institutions in the economy.

Beyond the core courses, students have the opportunity to specialize in areas of their interest by taking elective courses. UB’s finance faculty have expertise in a wide range of areas, including behavioral finance, market microstructure, derivatives, and real estate finance. This allows students to tailor their studies to align with their research aspirations.

Research Emphasis

Research is at the heart of the UB Finance PhD program. Students are expected to engage in independent research from an early stage, often working closely with faculty members on ongoing projects. The program provides ample opportunities for students to present their research at internal seminars and external conferences. Early research experience is considered key to success in the program and beyond. A qualifying paper is required, typically completed by the end of the second year, to demonstrate research aptitude.

Faculty and Resources

The program boasts a distinguished faculty with diverse research interests and a commitment to mentoring doctoral students. Many faculty members are actively involved in publishing their research in leading academic journals, providing students with exposure to cutting-edge research practices and opportunities for collaboration. The program also provides access to state-of-the-art research facilities, including extensive databases and software packages necessary for conducting empirical research.

Career Prospects

Graduates of the UB Finance PhD program are well-prepared for academic careers. The program’s rigorous curriculum, strong research focus, and faculty mentorship enable graduates to secure positions at reputable universities and business schools. The program’s placement record reflects its commitment to preparing students for successful academic careers. Alumni have secured positions at various institutions globally.

Admission Requirements

Admission to the program is highly competitive. Applicants are typically expected to have a strong background in mathematics, statistics, and economics. A bachelor’s or master’s degree in a related field is highly desirable. Applicants must submit GRE scores, transcripts, letters of recommendation, and a statement of purpose outlining their research interests and career goals. Strong quantitative skills and a demonstrated interest in research are crucial for admission.