- A student admitted to the Ph.D. The program in Finance is expected to have excellent aptitude, motivation, and preparation for rigorous post-masters-level study in finance. Students entering the program without a master's level degree or related coursework may have to take an additional course.
- During the first year in the program, the student takes the graduate-level course sequence in macroeconomic theory, econometric research tool courses and Ph.D. level courses in asset pricing and corporate finance.
- At the end of the first year, the student also must take and pass the Microeconomics Qualifying Examination (the second field exam) administered by the Economics department. During July of the first year, the student must take and pass the Asset Pricing Qualifying and Corporate Finance Qualifying Examinations administered by the Finance Department.