Inviting Applicants for the Ph.D. Program in Finance


Ph.D. Program in Finance
Pamplin College of Business
Virginia Polytechnic and State University

We are welcoming applications for admission to the Ph.D. Program in Finance at Virginia Tech for the cohort of students beginning in Fall 2023. Final applications are due January 20, 2023.

Our boutique, student-centric Doctoral Program prepares students for careers as scholars at research universities around the world. Doctoral students work closely with leading scholars throughout their program of studies through a mentorship/advisory program that aims to address the interests and needs of each student. Some doctoral students admitted to our redesigned program have published their joint work in top journals, such as the Journal of Financial and Quantitative Analysis, prior to graduation.

The program typically requires five years of full-time study. Upon completion of the core seminars in the theories and empirical analyses of financial economics, students focus on research in one of the sub-disciplines such as corporate finance, asset pricing, or capital markets while undertaking a customized degree program developed in consultation with their faculty mentors. Given the breadth of doctoral programs at Virginia Tech, students can take doctoral coursework with leading scholars campus-wide. After advancing to candidacy, students will earn a Ph.D. by developing and defending a dissertation embodying an original contribution to the field. Students with an undergraduate degree will also be considered for this program.

All students receive graduate assistantship support and waiver of all tuition charges. The current stipend is $36,000 per year not including summer. The expectation is that funding continues for five years of development. In addition to this stipend for the first two years of the program, students are also guaranteed summer research funding of $6,000 per year for a total of $42,000 per year. Thereafter, summer funding is through a wide array of competitive scholarships, of about $6,000 per year. We also provide generous support for conference attendance, data purchases, and other research-related expenses.

Recent faculty research has been published in the field's top journals, such as: The Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, and Management Science. The tight-knit group of faculty, students, and program alumni offer ongoing career support and a community of engaged scholarship.

Virginia Tech is located in beautiful Blacksburg, Virginia. A vibrant, Carnegie R1 institution, VT comprises nearly 40,000 students and 5,000 faculty, who are known throughout the world for their contributions to scientific discovery and development. Growth in the university's research scope has been impressive and sustained. An extensive array of innovative new initiatives continue to place VT at the leading edge of a broad array of research.

More information about the academic structure of the Ph.D. Program; faculty and Ph.D. students; and past student placement can be found at: Application information and requirements may be found at: Research-related questions may be emailed to any Finance faculty member by following the link above to faculty web pages, or by contacting the Director of Doctoral Studies in Finance, Dr. Jin Xu []. Admissions-related questions may be sent to the Doctoral Program Administrator, Ms. Crystal Haun [].

The application deadline is January 20, 2023.


Jin Xu, Ph.D.
Director of Doctoral Studies in Finance
Pamplin College of Business
Virginia Tech
Blacksburg, VA