Specialization in Finance

Overview
The Finance concentration in the Management Ph.D. program at The University of Manitoba is designed for individuals who are planning careers in university research and teaching. The Ph.D. program offers two distinctive advantages over other programs in North America. First is flexibility. Although certain core requirements must be taken, students, in consultation with their advisors, have considerable latitude in tailoring the program to their interests and background. The second advantage is faculty. There is a wide range of research interests and experience among the Finance group, ranging from theoretical to empirical to applied. All members of the Finance group are committed to seeing the Finance Ph.D. students succeed in their program of study.

Areas of concentration

• Corporate Finance
• International Finance
• Investments 

Faculty currently supervising graduate students in this area are:

Dr. Sarath Abeysekera
Dr. Usha Mittoo
Dr. Steven Zheng

Course work
Course work is divided into four areas: required Asper School of Business courses taken by all Ph.D. students in the School, Finance major courses, minor area courses, and research methodology courses. Coursework will orient the student to the philosophy of research in management, provide knowledge in Finance and related disciplines, and train the student in specific research methodologies.

The Finance stream requires at least 36 credit hours of course work. Students with graduate credits may be able to waive some of the core program requirements. Some of the requirements will likely necessitate additional prerequisite courses. The time frame for completion of course work is generally two to three years, depending on prior preparation.

These courses are structured in the following areas:

1. Faculty Ph.D. Courses

• PHDM 7110 Doctoral Seminar in Management: 3 credit hours. 
• PHDM 7120 Theoretical Research Paper Requirement: 3 credit hours
• PHDM 7130 Empirical Research Paper Requirement: 3 credit hours. The research paper requirements are expected to lead into the dissertation research.

2. Finance Major Courses

• FIN 7500 Financial Theory and Corporate Policy: 3 credit hours
• FIN 7510 Finance I: Capital Markets: 3 credit hours 
• FIN 7520 Finance II: Corporate Finance: 3 credit hours
• FIN 7530 Advanced Topics In Finance: 3 credit hours

3. Minor Area Courses: 

• Usually economics or statistics
• At least 9 credit hours required 
• To be approved by the student's advisory committee

4. Research Methods Courses

• Usually econometrics and statistics
• At least 6 credit hours required
• To be approved by the student's advisory committee.