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Finance

Queen's Business School | PhD
Entry Year
Academic Year 2025/26
Entry Requirements
2.1 + Master's

Overview

The finance group is an energetic and enterprising research cluster that continuously strives for excellence in both its teaching and its scholarship. The group's research strengths cover finance and financial history, financial markets and institutions and not-for-profit financial institutions. Research students benefit from attending courses and tailor-made reading groups to complete their background preparation in finance. Queen's Business School prides itself on research-led teaching and offers its research students experience as teaching assistants in a variety of undergraduate courses. Students regularly attend the School's various seminar series, which attract leading academics from around the world. Students also present their work at these events, gaining invaluable advice and preparation for the academic job market.

Mode of study/duration

Registration is on a full-time or part-time basis, under the direction of a supervisory team appointed by the University. You will be expected to submit your thesis at the end of three years of full-time registration for PhD, or two years for MPhil (or part-time equivalent).

Subject Summary

Finance academic staff have been involved in a diverse range of projects such as adaptiveness in stock markets, derivative pricing, investor sentiment, economic and financial history, credit unions, corporate finance, crises and contagion, commodity markets, sustainable finance and household finance. You will benefit from attending courses and tailor-made reading groups to complete your background preparation in finance. You will be able to gain experience as a teaching assistant in a variety of undergraduate courses. You will regularly attend seminar series, which attract leading academics from around the world, and present their work at these events, gaining invaluable advice and preparation for the academic job market.

Finance Highlights

Professional Accreditations
  • QBS was recently awarded EQUIS, AMBA and SBC business school accreditation reflecting top quality education and research.
World Class Facilities
  • Queen’s Business School (QBS) has recently undergone an innovative expansion that establishes a benchmark of global excellence for one of the top business schools in the UK and Ireland. A stunning new 6,000 square metre building, adjacent to the listed red-brick Riddel Hall has been designed with the latest digital infrastructure for media lecture capture, TED Talk provision and collaborative breakout sessions.
  • Fostering an enhanced social and educational experience the new state-of-the-art QBS venue boasts a 250-seat tiered educational space; 120-seat Harvard style lecture theatre; 150-seat computer laboratory; breakout study spaces; FinTrU Trading Room; a café, and a Business Engagement and Employability Hub.
  • Datasets
    WRDS, CRSP/Compustat, London Share Price Database, Bloomberg, S&P Capital IQ.

    Trading Room
    The FinTrU Trading Room, which replicates New York and London trading environments, provides students with access to Bloomberg terminals, trading simulations and other financial software. It is embedded into taught programmes allowing students to relate real world news and market activity to economic and financial theory. The facility is also vital for supporting extra-curricular activities such as the CFA Research Challenge and Queen’s Student Managed Fund.

Key Facts

Research students are encouraged to play a full and active role in relation to the wide range of research activities undertaken within the School. Resources include: WRDS, CRSP/Compustat, London Share Price Database, Bloomberg, S&P Capital IQ

  • Office accommodation with access to computing facilities and support to attend conferences for full-time PhD students

Student Testimonials

Course content

Research Information

Research Themes
• Asset Pricing and Financial markets

Researchers consider volatility analysis, market efficiency and liquidity, asset pricing and systematic risk, and market structures. Research is carried out by applying advanced financial econometric modelling to specialised datasets.

• Financial History

Research is focused on the long-run evolution and development of banking, banking crises, bubbles, and financial markets. This group are part of a wider interdisciplinary research centre who in partnership with Trinity College Dublin has secured €3.8m to establish a new All-Ireland Centre of Excellence in the field.

• Computational finance

Research interests include regulation and risk analytics, open research analytics and financial machine learning.

• Household finance, housing and pensions

Researchers consider housing markets, equity release, financial literacy and retirement planning. Research relies on sophisticated quantitative methods.

Career Prospects

Introduction
The School has a proven track-record of placing its PhD graduates in tenure-track research and teaching posts at top universities in the UK and elsewhere.

People teaching you

Finance staff

Queen's Business School
Email: gareth.campbell@qub.ac.uk

Learning Outcomes

A research degree offers students an opportunity to foster their capacity for independent research and critical thought. It also allows students to explore an area of interest and so understand and solve theoretical and practical problems within the field. A PhD is almost always a formal requirement for an academic post.

Course structure

There is no specific course content as such. You are expected to carry out your research under the guidance of your supervisor. You are expected to take research training modules that are identified by your supervisor and supported by the School.

Over the course of study you can attend postgraduate skills training organised by the Graduate School.

To complete with a doctoral qualification you will be required to submit a thesis of approx 80,000 words and you will be required to attend a viva voce [oral examination] with an external and internal examiner to defend your thesis.

A PhD programme runs for 3-4 years full-time or 6-8 years part-time. Students can apply for a writing up year should it be required.

The PhD is open to both full and part time candidates and is often a useful preparation for a career within academia or consultancy.

Full time students are often attracted to research degree programmes because they offer an opportunity to pursue in some depth an area of academic interest.

If you meet the Entry Requirements, the next step is to check whether we can supervise research in your chosen area. We only take students to whom we can offer expert research supervision from one of our academic staff. Therefore, your research question needs to engage with the research interests of one of our staff.

Application Process :

Please review the eligibility criteria on the webpages. If you believe that you meet these criteria then follow the steps below:

Select ONE potential supervisor from our list of Academic Staff (https://www.qub.ac.uk/schools/QueensManagementSchool/People/AcademicStaff/#finance) and send an email containing:

• a brief CV (1-2 pages maximum)
• a concise statement that you are interested in studying for a PhD, stating when you would start, and how you would plan to fund the research
• a brief statement of the research question or interest, and how you think the question could be investigated

For full-time study and application for a scholarship/award; please be aware that awards are only available to full time students. Candidates wishing to apply for scholarships available within the School must apply for full-time study at the same time.

Assessment

Assessment processes for the Research Degree differ from taught degrees. Students will be expected to present drafts of their work at regular intervals to their supervisor who will provide written and oral feedback; a formal assessment process takes place annually.

This Annual Progress Review requires students to present their work in writing and orally to a panel of academics from within the School. Successful completion of this process will allow students to register for the next academic year.

The final assessment of the doctoral degree is both oral and written. Students will submit their thesis to an internal and external examining team who will review the written thesis before inviting the student to orally defend their work at a Viva Voce.

Feedback

Supervisors will offer feedback on draft work at regular intervals throughout the period of registration on the degree.

Facilities

Full time PhD students will have access to a shared office space and access to a desk with personal computer and internet access.

Learning and Teaching

This is a research degree.

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No Opportunities Currently Available

Entrance requirements

Graduate
Normally a UK 2.1 Honours degree (or equivalent qualification acceptable to the University) and a UK Master's degree in a relevant discipline with a final result of 60% (or equivalent qualification acceptable to the University). In cases where applicants have not completed a Master's degree, applications may be considered where applicants hold a 1st class Honours undergraduate degree from a high-ranking, research focus university and have demonstrated an ability to conduct academic research.

International Students

For information on international qualification equivalents, please check the specific information for your country.

English Language Requirements

Evidence of an IELTS* score of 7.0, with not less than 6.0 in any component, or an equivalent qualification acceptable to the University is required (*taken within the last 2 years).

International students wishing to apply to Queen's University Belfast (and for whom English is not their first language), must be able to demonstrate their proficiency in English in order to benefit fully from their course of study or research. Non-EEA nationals must also satisfy UK Visas and Immigration (UKVI) immigration requirements for English language for visa purposes.

For more information on English Language requirements for EEA and non-EEA nationals see: www.qub.ac.uk/EnglishLanguageReqs.

If you need to improve your English language skills before you enter this degree programme, INTO Queen's University Belfast offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for admission to this degree.

Tuition Fees

Northern Ireland (NI) 1 TBC
Republic of Ireland (ROI) 2 TBC
England, Scotland or Wales (GB) 1 TBC
EU Other 3 £20,500
International £20,500

1 EU citizens in the EU Settlement Scheme, with settled or pre-settled status, are expected to be charged the NI or GB tuition fee based on where they are ordinarily resident, however this is provisional and subject to the publication of the Northern Ireland Assembly Student Fees Regulations. Students who are ROI nationals resident in GB are expected to be charged the GB fee, however this is provisional and subject to the publication of the Northern Ireland Assembly student fees Regulations.

2 It is expected that EU students who are ROI nationals resident in ROI will be eligible for NI tuition fees. The tuition fee set out above is provisional and subject to the publication of the Northern Ireland Assembly student fees Regulations.

3 EU Other students (excludes Republic of Ireland nationals living in GB, NI or ROI) are charged tuition fees in line with international fees.

All tuition fees quoted relate to a single year of study unless stated otherwise. All fees will be subject to an annual inflationary increase, unless explicitly stated otherwise.

More information on postgraduate tuition fees.

Finance costs

There are no specific additional course costs associated with this programme.

Additional course costs

All Students

Depending on the programme of study, there may also be other extra costs which are not covered by tuition fees, which students will need to consider when planning their studies . Students can borrow books and access online learning resources from any Queen's library. If students wish to purchase recommended texts, rather than borrow them from the University Library, prices per text can range from £30 to £100. Students should also budget between £30 to £100 per year for photocopying, memory sticks and printing charges. Students may wish to consider purchasing an electronic device; costs will vary depending on the specification of the model chosen. There are also additional charges for graduation ceremonies, and library fines. In undertaking a research project students may incur costs associated with transport and/or materials, and there will also be additional costs for printing and binding the thesis. There may also be individually tailored research project expenses and students should consult directly with the School for further information.

Bench fees

Some research programmes incur an additional annual charge on top of the tuition fees, often referred to as a bench fee. Bench fees are charged when a programme (or a specific project) incurs extra costs such as those involved with specialist laboratory or field work. If you are required to pay bench fees they will be detailed on your offer letter. If you have any questions about Bench Fees these should be raised with your School at the application stage. Please note that, if you are being funded you will need to ensure your sponsor is aware of and has agreed to fund these additional costs before accepting your place.

How do I fund my study?

1.PhD Opportunities

Find PhD opportunities and funded studentships by subject area.

2.Funded Doctoral Training Programmes

We offer numerous opportunities for funded doctoral study in a world-class research environment. Our centres and partnerships, aim to seek out and nurture outstanding postgraduate research students, and provide targeted training and skills development.

3.PhD loans

The Government offers doctoral loans of up to £26,445 for PhDs and equivalent postgraduate research programmes for English- or Welsh-resident UK and EU students.

4.International Scholarships

Information on Postgraduate Research scholarships for international students.

Funding and Scholarships

The Funding & Scholarship Finder helps prospective and current students find funding to help cover costs towards a whole range of study related expenses.

How to Apply

Apply using our online Postgraduate Applications Portal and follow the step-by-step instructions on how to apply.

Find a supervisor

If you're interested in a particular project, we suggest you contact the relevant academic before you apply, to introduce yourself and ask questions.

To find a potential supervisor aligned with your area of interest, or if you are unsure of who to contact, look through the staff profiles linked here.

You might be asked to provide a short outline of your proposal to help us identify potential supervisors.

Download Postgraduate Prospectus