In addition to at least 42 credit units of course work, seminar, and research methods and ethic units, the PhD degree candidate must prepare and successfully defend a PhD thesis. Expected duration to complete the PhD Program is 10 semesters; the maximum duration is 14 semesters. However, students should complete course work including non-credit courses in 6 semesters. Advisor appointment has to be made at the beginning of 2nd semester. Recommended curriculum is as follows:

Semester I Semester II
  • IAM521 Financial Management
  • IAM541 Probability Theory
  • IAM530 Elements of Probability and Statistics
  • IAM520 Financial Derivatives
  • IAM522 Stochastic Calculus for Finance
  • IAM524 Financial Economics
Semester III Semester IV
  • BA5814 Investment Management
  • IAM615 Advanced Stochastic Calculus for Finance
  • IAM600 PhD Thesis (Advisor Appointment)
  • Elective Course
  • IAM600 PhD Thesis
  • IAM698 Research Methods and Ethics
  • Elective Course
  • Elective Course
  • Elective Course
Semester V Semester VI - XIV
  • IAM600 PhD Thesis 
  • IAM690 Graduate Seminar (0-Credit)
  • Elective Course
  • Elective Course
  • IAM600 PhD Thesis and Qualifying Exam

For students who are required to take Scientific Preparation Program, the recommended curriculum is as follows:

Scientific Preparation I Scientific Preparation II

  • IAM591 Programming Techniques in Applied Mathematics I
  • IAM521 Financial Management (NI*)
  • IAM530 Elements of Probability and Statistics (NI*)

  • IAM527 Advanced Calculus and Integration
  • IAM520 Financial Derivatives (NI*)
  • IAM524 Financial Economics (NI*)
Semester I Semester II
  • BA5814 Investment Management **
  • IAM541 Probability Theory **
  • IAM690 Graduate Seminar (0-Credit)
  • IAM522 Stochastic Calculus for Finance
  • IAM698 Research Methods and Ethics
  • Elective Course
  • Elective Course
Semester III Semester IV
  • IAM600 PhD Thesis (Advisor Appointment)
  • IAM615 Advanced Stochastic Calculus for Finance
  • Elective Course
  • Elective Course
  • Elective Course
  • Elective Course
  • IAM600 PhD Thesis
Semester V Semester VI
  • IAM600 PhD Thesis
  • IAM600 PhD Thesis and Qualifying Exam

  • NI*: Students may take these courses during scientific preparation program in Not Included status.
  • **BA5814 requires knowledge on IAM521 and IAM541 requires knowledge on IAM527.
  • To pass scientific preparation programme successfully students should get at least CB grade in all SP courses. To see more details of the rules and regulations follow this link.       
  • Please, visit the webpage for recommended elective courses. 


Last Updated:
29/09/2023 - 13:45