Stevens Institute of Technology - Ph.D. Program in Business Administration (Finance) & Ph.D. in Financial Engineering


Stevens School of Business, Hoboken, New Jersey

Ph.D. in Business Administration with concentrations in Finance, Information Systems & Analytics (ISA), Entrepreneurship & Innovation Management (EIM), and Ph.D. in Financial Engineering (FE)

Call for Applications

Stevens School of Business offers 4-year full-time Ph.D. programs in Finance, Information Systems & Analytics, Entrepreneurship & Innovation Management, and Financial Engineering designed for highly qualified and motivated students wishing to acquire world-class research skills.

PROGRAM DETAILS: The program is multidisciplinary, featuring four curricula (i.e. tracks) – Finance, Information Systems & Analytics, Entrepreneurship & Innovation Management, and Financial Engineering – linked by a common core. Students are able to choose from a wide range of electives.

First year core courses develop a broad set of theoretical, programing, and empirical skills relevant to advanced research in the chosen curriculum. The second year offers advanced core courses in the field of specialization within the chosen curriculum, and a wide range of electives. In the second year, students also start working on their first research paper. The third and fourth years are largely dedicated to thesis research work, but students are expected to attend the regular research workshop series presented by renowned speakers.

Stevens faculty publish regularly in leading international journals and are active members of the international academic community. Our Ph.D. program lays the foundations for successful international academic careers. We place great emphasis on preparing students for the international academic job market. However, the research skills and competences developed during the program also open up career opportunities in banks, governments, international organizations, investment banks and asset management companies. Tutors and career services are always available to assist candidates.

Recent academic/postdoctoral job market placements include Northwestern University (Kellogg School of Management), Fordham University (Gabelli School of Business), Duquesne University (Palumbo-Donahue School of Business), and Kean University. Placements in institutions include Goldman Sachs, Interactive Broker, Morgan Stanley, UBS, J.P. Morgan Chase, Wells Fargo, Accenture, Citigroup, and many others.

Although the number of financial assistantships varies from year to year, we typically offer a maximum of 10 to 12 general assistantships (named “Provost Fellowships”) across the four curricula for the first year of the Ph.D. program in Finance, Information Systems & Analytics, Entrepreneurship & Innovation Management, and Financial Engineering. The following three years are based on passing milestone benchmarks and students must work part-time as research/teaching assistants within limits set by national and internal regulations.

QUALIFICATIONS: Applications are welcomed from candidates with educational backgrounds in economics, finance, and financial (computational) engineering, but also other quantitative disciplines, e.g., engineering, statistics, and data analytics. Candidates should have completed, or be completing, their graduate studies; and have at least a “proven” ESLT level of competence in English. A minimum of 75 total points out of 100 is required in TOEFL to be eligible for admission to the program.

ADMISSION with FINANCIAL AID: Applications are due by February 1, 2023.

Please see the application protocols at

For more information on the program, its courses and admission procedures, please feel free to contact Patricia Cardenas (, Suman Banerjee (, Jesse Melchor (, or visit