In addition to at least 21 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 8 semesters; the maximum duration is 12 semesters. However, students should complete course work including non-credit courses in 4 semesters. Advisor appointment has to be made at the beginning of 2nd semester. Recommended curriculum is as follows:

Semester I Semester II
  • BA5814 Investment Management
  • IAM615 Advanced Stochastic Calculus for Finance
  • Elective Course
  • IAM600 PhD Thesis
  • IAM614 Methods of Computational Finance
  • IAM698 Research Methods and Ethics*
  • Elective Course
  • Elective Course
Semester III Semester IV
  • IAM600 PhD Thesis
  • IAM690 Graduate Seminar (0-Credit)
  • Elective Course
  • IAM600 PhD Thesis Exam (Qualification Exam)
Semester IV Semester V
  • IAM600 PhD Thesis (Thesis Proposal)
  • IAM600 PhD Thesis
Semester VII Semester VIII
  • IAM600 PhD Thesis
  • IAM600 PhD Thesis

For students who take Scientific Preparation Program, recommended curriculum is as follows:

Semester I Semester II
  • IAM521 Financial Management
  • IAM541 Probability Theory
  • Elective Course (NI)
  • IAM520 Financial Derivatives
  • IAM522 Stochastic Calculus for Finance
  • IAM524 Financial Economics
Semester III Semester IV
  • BA5814 Investment Management
  • IAM615 Advanced Stochastic Calculus for Finance
  • Elective Course
  • IAM614 Methods of Computational Finance
  • IAM698 Research Methods and Ethics*
  • Elective Course
  • Elective Course
Semester V Semester VI
  • IAM600 PhD Thesis
  • IAM690 Graduate Seminar (0-Credit)
  • IAM600 PhD Thesis (Qualification Exam)
Semester VII Semester VIII
  • IAM600 PhD Thesis (Thesis Proposal)
  • IAM600 PhD Thesis
Semester IX Semester X
  • IAM600 PhD Thesis
  • IAM600 PhD Thesis

  • *Exempt if the student takes the course during Master studies.
  • NI: Not Included (During SP, student should take Program courses in NI status)
  • To pass scientific preparation programme successfully, the rules and regulations can be found from link.       
  • Please, visit the webpage for recommended elective courses. 


Last Updated:
06/12/2020 - 22:14