lbs phd finance placement

You are using an outdated browser. Please upgrade to one of the supported browsers listed below to improve your experience and security.

• Microsoft Edge (last 2 versions)
• Mozilla FireFox (last 2 versions)
• Google Chrome, including Android (last 2 versions)
• Apple Safari, including iOS (last 2 versions)

Recent Placements

When judging a PhD program, a good measure of the program's standing is where it places its graduates. Columbia is proud to say its placement record is among the best in the world.

Recent Columbia PhD placements include the following:

Decision, Risk, and Operations

Accessibility Panel

Language settings, css cheat broken widths with carousels, internal page carousel css cheats.

This website uses cookies to ensure the best user experience. Privacy & Cookies Notice Accept Cookies

Manage My Cookies

Manage Cookie Preferences

Confirm My Selections

• MBA Programs
• Specialized Masters Programs
• Other Offerings
• Request Information
• Start Your Application
• Dissertation Areas and Joint PhD Programs
• PhD Career Outcomes
• PhD Proposals and Defenses
• PhD Job Market Candidates
• PhD Research Community
• 100 Years of Pioneering Research
• Rising Scholars Conference
• Yiran Fan Memorial Conference
• Frequently Asked Questions
• PhD in Accounting
• PhD in Behavioral Science
• PhD in Econometrics and Statistics
• PhD in Economics

PhD in Finance

• PhD in Management Science and Operations Management
• PhD in Marketing
• Joint Program in Financial Economics
• Joint Program in Psychology and Business
• Joint PhD/JD Program

Chicago Booth has long been recognized for its PhD in finance. Our finance faculty—which includes Nobel laureates Douglas W. Diamond, Eugene F. Fama, and Lars P. Hansen—sets the course for research in all areas of the field.

As a finance PhD student at Chicago Booth, you’ll join a community that encourages you to think independently.

Taking courses at Booth and in the university’s Kenneth C. Griffin Department of Economics, you will gain a solid foundation in all aspects of economics and finance--from the factors that determine asset prices to how firms and individuals make financial decisions. Following your coursework, you will develop your research in close collaboration with faculty and your fellow students. Reading groups and workshops with faculty, student-led brown-bag seminars, and conferences provide many opportunities to learn from others.

The Finance PhD Program also offers the Joint Program in Financial Economics , which is run by Chicago Booth and the Department of Economics in the Division of the Social Sciences at the University of Chicago.

Our Distinguished Finance Faculty

Chicago Booth finance faculty are leading researchers who also build strong relationships with doctoral students, collaborate on new ideas, and connect students with powerful career opportunities.

Francesca Bastianello

Assistant Professor of Finance and Liew Family Junior Faculty Fellow, Fama Faculty Fellow

Emanuele Colonnelli

Professor of Finance and Entrepreneurship

George M. Constantinides

Leo Melamed Professor of Finance

Douglas W. Diamond

Merton H. Miller Distinguished Service Professor of Finance

Eugene F. Fama

Robert R. McCormick Distinguished Service Professor of Finance

Niels Gormsen

Neubauer Family Associate Professor of Finance and Fama Faculty Fellow

Lars Hansen

David Rockefeller Distinguished Service Professor The University of Chicago Departments of Economics, Statistics and the Booth School of Business

John C. Heaton

Joseph L. Gidwitz Professor of Finance

Steven Neil Kaplan

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance and Kessenich E.P. Faculty Director at the Polsky Center for Entrepreneurship and Innovation

Anil Kashyap

Stevens Distinguished Service Professor of Economics and Finance

Ralph S.J. Koijen

AQR Capital Management Distinguished Service Professor of Finance and Fama Faculty Fellow

Professor of Finance and Fama Faculty Fellow

Stefan Nagel

Fama Family Distinguished Service Professor of Finance

Scott Nelson

Assistant Professor of Finance and Cohen and Keenoy Faculty Scholar

Pascal Noel

Neubauer Family Professor of Finance and Kathryn and Grant Swick Faculty Scholar

Lubos Pastor

Charles P. McQuaid Distinguished Service Professor of Finance and Robert King Steel Faculty Fellow

Raghuram G. Rajan

Katherine Dusak Miller Distinguished Service Professor of Finance

Bruce Lindsay Distinguished Service Professor of Economics and Public Policy

Quentin Vandeweyer

Assistant Professor of Finance and Fama Faculty Fellow

Pietro Veronesi

Deputy Dean for Faculty and Chicago Board of Trade Professor of Finance

Robert W. Vishny

Myron S. Scholes Distinguished Service Professor of Finance and Neubauer Faculty Director of the Davis Center

Michael Weber

Associate Professor of Finance

Anthony Lee Zhang

Luigi Zingales

Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance

Professor of Economics and Finance

Alumni Success

Graduates of the Stevens Doctoral Program go on to successful careers in prominent institutions of higher learning, leading financial institutions, government, and beyond.

Shohini Kundu, MBA '20, PhD '21

Assistant Professor of Finance UCLA Anderson School of Management, University of California, Los Angeles Shohini Kundu's research lies in financial intermediation and macroeconomics, security design and externalities of financial contracts, and emerging market finance. Her dissertation area is in finance.

Jane (Jian) Li, PhD '21

Assistant Professor of Business, Finance Division Columbia Business School, Columbia University Jane's research lies at the intersection of macroeconomics and finance. She is particularly interested in how financial intermediaries affect the real economy and how different types of financial institutions can contribute to financial instability. Her dissertation area is in financial economics.

Spotlight on Research

The pages of Chicago Booth Review regularly highlight the research findings of finance faculty and PhD students.

A Brief History of Finance and My Life at Chicago

Chicago Booth’s Eugene F. Fama describes the serendipitous events that led him to Chicago, and into his monumental career in academic finance.

Climate-Policy Pronouncements Boost 'Brown' Stocks

It was a dramatic example of how White House communications on climate policy can affect asset prices, according to Washington University in St. Louis’s William Cassidy, a recent graduate of Booth’s PhD Program.

With Business Loans Harder to Get, Private Debt Funds Are Stepping In

It’s become harder for many prospective borrowers to access capital. But private debt funds have stepped in to fill the gap, according to Joern Block (Trier University), Booth PhD candidate Young Soo Jang, Booth’s Steve Kaplan, and Trier’s Anna Schulze.

Too Many 'Shadow Banks' Can Limit Overall Access to Credit

While go-betweens can benefit the broader economy by smoothing the flow of credit, there are now probably too many links in the credit chain, argue Zhiguo He and Jian Li (Booth PhD graduate).

A Network of Support

Chicago Booth is home to several interdisciplinary research centers that offer funding for student work, host workshops and conferences, and foster a strong research community.

Fama-Miller Center for Research in Finance Tasked with pushing the boundaries of research in finance, the Fama-Miller Center provides institutional structure and support for researchers in the field.

Becker Friedman Institute for Economics Bringing together researchers from the entire Chicago economics community, the Becker Friedman Institute fosters novel insights on the world’s most difficult economic problems.

Center for Research in Security Prices CRSP maintains one of the world’s largest and most comprehensive stock market databases. Since 1963, it has been a valued resource for businesses, government, and scholars.

Kent A. Clark Center for Global Markets Enhancing the understanding of business and financial market globalization, the Clark Center positions Chicago Booth as a thought leader in the understanding of ever-changing markets and improves financial and economic decision-making around the world.

George J. Stigler Center for the Study of the Economy and the State Dedicated to examining issues at the intersection of politics and the economy, the Stigler Center supports research by PhD students and others who are interested in the political, economic, and cultural obstacles to better working markets.

Rustandy Center for Social Sector Innovation Committed to making the world more equitable and sustainable, the Rustandy Center works to solve complex social and environmental problems. The center’s student support includes fellowships, research funding, and networking opportunities.

The PhD Experience at Booth

For Itzhak Ben-David, PhD ’08, the PhD Program in Finance was an exploratory journey.

Video Transcript

Itzhak Ben-David, ’08: 00:03 For me, the PhD Program was an exploratory journey. It was about discovering what was interesting for me, what will be interesting for other economists. It was about discovering something new about the world. Much of the PhD Program experience is to explore and to wonder a bit and to just think and expose yourself to new ideas and new disciplines. Back then, this was 2006, I found a billboard that said, "If you buy this house, we're going to give you a free car or $20,000 in cash." And this seemed really odd to me. What I realized that was going on, that this was part of a borrower fraud and the idea was that seller and the buyer will agree on a higher price on a house and the lender would be under the impression that the collateral worth more than it really is.

Itzhak Ben-David, ’08: 00:58 So I started to investigate other parts of the real estate food chain. What I saw is that in many parts of this chain, there were incentives in place pushing the intermediaries or the different economic agents to inflate prices. It's not always a bubble, but oftentimes it points out behavior that is not consistent with our textbook behavior. I had the dream team of advisors, Toby Moskowitz, Dick Taylor, Steve Levitt, and Erik Hurst. Each one of them contributed in different way to my dissertation and brought different ideas, brought different aspects. There is no better place of doing research than in Booth. It's really a hub of academic activity. There is no important work that doesn't pass at Chicago before being published. It's really an intellectual home. When you meet people and you know that they are from Booth, you can see the difference in their thinking.

Current Finance Students

PhD students in finance study a wide range of topics, including the behavior and determinants of security prices, the financing and investment decisions of firms, corporate governance, and the management and regulation of financial institutions. They go on to careers at prestigious institutions, from Yale University to the International Monetary Fund.

Current Students

Rahul Chauhan Ching-Tse Chen Aditya Dhar Mihir Gandhi  Huan (Bianca) He Jessica Li Edoardo Marchesi Rayhan Momin Lauren Mostrom Meichen Qian Francisco Ruela Sixun Tang Hui (Judy) Yue

Booth also offers joint degrees. Learn more about the current students in our Joint Program in Financial Economics .

Program Expectations and Requirements

The Stevens Doctoral Program at Chicago Booth is a full-time program. Students generally complete the majority of coursework and examination requirements within the first two years of studies and begin work on their dissertation during the third year. For details, see General Examination Requirements by Area in the Stevens Program Guidebook below.

Download the 2023-2024 Guidebook!

• Current Undergraduate Students
• Current Graduate Students

BC.EDU LINKS

• Boston College
• Campus Life
• Jesuit, Catholic
• Academic Calendar
• BC Magazine
• Directories
• Offices, Services, Resources
• Agora Portal
• Maps & Directions
• Ph.D. Programs

• Ph.D. in Accounting
• Ph.D. in Finance
• Ph.D. in Organization Studies

Ph.D. in Finance

An international reputation for academic excellence.

Faculty in the Seidner Department of Finance are experts in their disciplines and globally acclaimed for their scholarship, research, and mentorship. In our collegial environment, students typically collaborate with one another and with faculty to produce groundbreaking research.

The academic program begins with systematic, rigorous training in quantitative methods, economics, and finance. In addition, students complete a major research project, serve as research and teaching assistants, and write a doctoral dissertation.

• Academic Program
• Class Profile

Doctoral students in finance at Boston College complete a program of study that leads to competency in three areas: quantitative methods, economics, and finance. The program begins with course work in quantitative methods, economics, and finance. In the third year, students complete a major research project designed to develop their ability to do original research. Through hands-on experience as teaching assistants, students gain important pedagogical experience. Finally, each student completes a doctoral dissertation that contributes substantial, original work to the field of finance.

Students must complete a program of study that leads to competency in three areas: quantitative methods, economics and finance. The requirements of the program of study are typically satisfied by completing 14 courses in the first two years in the program. In some cases, course work prior to entering the program or successful performance on waiver examinations may be substituted for required courses. However, each student must complete a minimum of 12 courses while in the Program.

Comprehensive Examination

Satisfactory performance on a comprehensive examination marks the student’s transition from course work to full-time thesis research. The examination is intended to allow the student to demonstrate substantial knowledge of the literature and theory of finance and economics and competence in the area of quantitative methods. The examination consists of two steps.

• Step 1: Students take an exam at the end of the second year in the program (late May). The exam covers all Finance Ph.D. classes taken during the first and the second year in the program. Whereas some of the questions will be specific and will test a particular topic, other questions will focus on broader understanding of the literature. Each student will be notified on their exam performance, immediately after it has been graded. There will be no second attempt to take the exam. If a student fails the exam, the only way to get admitted into “Ph.D. candidacy” would be to perform exceptionally well in Step 2.
• Step 2: Students submit independent research proposals by the end of the summer of the second year in the program (late August) to their faculty advisors. Students present research papers at the end of the third Fall semester (early December). Ph.D. committee members will attend the presentation and will jointly evaluate the proposal. Students will be evaluated based on their performance in the exam (step 1)  and  the quality of research paper presentation (step 2).

Doctoral students are expected to engage early in research. The culmination of the program is the doctoral dissertation, a substantial, significant, and original contribution to the field that is prepared under the guidance of a thesis committee of three or more faculty members. When the research is complete, students present a thesis-defense seminar that is open to the Boston College community.

Research and Teaching Assistant Requirement

Doctoral students at the Carroll School are expected to serve as research assistants, teaching assistants, and/or instructors throughout their studies. Students work for a set number of hours per week, throughout the duration of their Ph.D. programs. In exchange, the Carroll School provides financial support for doctoral students in the form of a stipend and tuition remission.

Sample Course Sequence

Course Descriptions

The Ph.D. Program in Finance at the Carroll School attracts applicants from all over the world and from a wide array of backgrounds. While notable for the diversity of their individual achievements, our students typically share a track record of leadership, a strong commitment to research and teaching, and a desire to make a difference in the world.

Note: The following information reflects data for the entering classes of 2019–2023. Updated September 25, 2023.

Demographics

Academic & Professional Profile

Where do our graduates work?

Our students and recent graduates are also prolific scholars and writers, publishing regularly in top economic and finance journals such as the American Economic Review, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and the Journal of Financial and Quantitative Analysis.

American University

Arizona State University

Baruch College (City University of New York)

Bocconi University

DePaul University

Fordham University

George Washington University

Indiana University

Lehigh University

Louisiana State University

Michigan State University

National University of Singapore

Texas A&M University

The College of William and Mary

University of Alberta

University of Arizona

University of Georgia

University of Minnesota

University of New South Wales

University of Notre Dame

University of Pennsylvania (Wharton)

University of Virginia (Darden School)  

University of Hong Kong

Villanova University

Virginia Tech University

Meet Our Students

Learn more about current Ph.D. in Finance candidates.

Finance Faculty

Faculty take an active role connecting students with exceptional career opportunities. 

Ph.D. Admission FAQ

Application link & deadlines.

Application Deadline:  The deadline to apply for Fall 2025 is January 7, 2025.

Application Fee: All applicants are required to pay a nonrefundable application fee of $100 USD.

Interviews: If selected, applicants will be invited to interview in early spring.

Admission Decisions: Applications are generally reviewed after the final deadline has passed. There is no specific decision notification date for Ph.D. programs. Final decisions are typically available by mid-spring.

CV and Resume

Your current curriculum vitae should include your education, research, and professional information.

We also require  a separate Employment History, using the form provided within the online application.

Recommendations

Recommendations from two individuals who can provide an objective appraisal of your capacity for intensive graduate study and potential for professional success.

Transcripts

All applicants must possess a four-year bachelor’s degree from an accredited college or university. You must submit transcripts from every institution where you were enrolled in a degree-granting program. At the time of application, only a self-reported transcript is required but if you are admitted, we will require an official transcript sent directly from your degree-granting institution. Transcripts should include:

Course names

All grades received (including transfer credits and study abroad programs)

Cumulative GPA

Degree conferral information

Graduates of non-U.S. institutions must possess a college or university degree equivalent to a four-year U.S. bachelor’s degree. If admitted, international students are required to submit an official English translation of all academic credentials, along with a third-party degree verification from an agency such as  SpanTran/TEC  or  World Education Services (WES) .

GMAT or GRE Scores

Applicants must submit GMAT or GRE scores from within the past five years. We accept both the GMAT Exam and GMAT Focus Edition. Our test codes are:

• GMAT school code: 44x-J5-96
• GRE school code: 3033

While Graduate Admissions does not have a preference between the GMAT or GRE, we encourage you to consult class profile data for average test scores in order to gauge where you stand.

English Proficiency

If you are not a U.S. citizen or permanent resident, you are required to submit an English language proficiency exam score with your application. We accept TOEFL, IELTS, or PTE scores. We do not accept the Duolingo English Test.

Scores must be from within the past two years, and applicants must meet the following minimum scores:

TOEFL, iBT, and TOEFL iBT Home Edition: 100

You are eligible to waive the language test requirement if you meet either of the following criteria:

You have completed a four-year bachelor’s degree or a two-year master’s degree (or higher) at an institution where the medium language of instruction is English. You must have completed your degree in its entirety at the English-medium institution. The medium language of instruction must be indicated on your transcript or verified in an official letter from the institution.

You have worked in a full-time, post-degree position for at least two years in the United States or a country where English is an official language. NOTE: Working for a company that conducts its business in English in a country where English is not an official language will not qualify you for a language test waiver. 

If you are eligible to waive the language test requirement, you do not need to submit a waiver request beforehand and can simply move forward with your application.

Required & Optional Essays

Applicants must submit a required essay discussing their research interests and career objectives. You may also submit an optional essay that addresses aspects of your candidacy that have not already been covered in other parts of the application.

If you have any further questions, please email us at bcmba@bc.edu , or schedule a phone call or Zoom appointment with a member of the Graduate Admission team.

Quick Links

Graduate admission faq, why the carroll school, diversity & inclusion, facts & figures.

• Harvard Business School →
• Doctoral Programs →
• Students on the Job Market

Tradition of Success

Placement decisions, like doctoral studies, are uniquely individualized. Factors like departmental fit, location preferences, dual career choices, and family needs shape these decisions. We celebrate when students secure a position that brings them joy!

Students are supported throughout their job search by their faculty advisors and experienced coaches. HBS coaches teach students writing, presentation, and slide design skills. Faculty advisors are there every step of the way to help students navigate the complex job market. HBS students can also access resources throughout the university including the FAS Mignone Center for Career Success and HBS Career and Professional Development .

Students on the Job Market  

For alumni  , placement, 2019-2024, accounting & management.

Yaxuan Chen

Botir Kobilov

Wilbur Chen

Hashim Zaman

Patrick Ferguson

Alexandra Scherf

Jihwon Park

Jody Grewal

Matthew Shaffer

Business Economics

Martin Aragoneses

Michael Blank

Jiafeng (Kevin) Chen

Kunal Sangani

Hanbin Yang

John Conlon

Spencer Yongwook Kwon

Robert Minton

Erica Moszkowski

Daniel Ramos

Sagar Saxena

Francesca Bastianello

Talia B. Gillis

Matthew Lilley

Frank Pinter

David Zhang

Andreas Schaab

Gregor Schubert

Edoardo Maria Acabbi

Ravi Jagadeesan

Michael Thaler

Christopher Anderson

Vitaly Bord

Oren Danieli

Weiling Liu

Janelle Schlossberger

Health Policy (Management)

Emilie Aguirre

A Jay Holmgren

Olivia Jung

Michael Anne Kyle

Lauren Taylor

Philip Saynisch

Laura Weimer

Yusaku Takeda

Michael Christensen

Michael Y. Lee

Emily Prinsloo

Serena Hagerty

Byungyeon Kim

Ximena Garcia-Rada

Organizational Behavior

Hanne Collins

Nicole Abi-Esber

Evan DeFilippis

Jeff Steiner

Elliot Stoller

Hayley Blunden

Ahmmad Brown

Ariella Kristal

Lumumba Seegars

Yanhua Bird

Leroy Gonsalves

Karen Huang

Jeffrey Lees

Alicia DeSantola

Stefan Dimitriadis

Alexandra Feldberg

Catarina Fernandes

Elizabeth Hansen

Martha Jeong

Innessa Colaiacovo

Laura Katsnelson

Nataliya Langburd Wright

F. Christopher Eaglin

Hyunjin Kim

J. Yo-Jud Cheng

Do Yoon Kim

Technology & Operations Management

Maya Balakrishnan

Tommy Pan Fang

Raha Imanirad

Michelle Shell

Ohchan Kwon

• Youth Program
• Wharton Online

PhD Program

• Program of Study

Wharton’s PhD program in Finance provides students with a solid foundation in the theoretical and empirical tools of modern finance, drawing heavily on the discipline of economics.

The department prepares students for careers in research and teaching at the world’s leading academic institutions, focusing on Asset Pricing and Portfolio Management, Corporate Finance, International Finance, Financial Institutions and Macroeconomics.

Wharton’s Finance faculty, widely recognized as the finest in the world, has been at the forefront of several areas of research. For example, members of the faculty have led modern innovations in theories of portfolio choice and savings behavior, which have significantly impacted the asset pricing techniques used by researchers, practitioners, and policymakers. Another example is the contribution by faculty members to the analysis of financial institutions and markets, which is fundamental to our understanding of the trade-offs between economic systems and their implications for financial fragility and crises.

Faculty research, both empirical and theoretical, includes such areas as:

• Structure of financial markets
• Formation and behavior of financial asset prices
• Banking and monetary systems
• Corporate control and capital structure
• Saving and capital formation
• International financial markets

Candidates with undergraduate training in economics, mathematics, engineering, statistics, and other quantitative disciplines have an ideal background for doctoral studies in this field.

Effective 2023, The Wharton Finance PhD Program is now STEM certified.

• Course Descriptions
• Course Schedule
• Dissertation Committee and Proposal Defense
• Meet our PhD Students
• Visiting Scholars

More Information

• Apply to Wharton
• Doctoral Inside: Resources for Current PhD Students
• Wharton Doctoral Program Policies
• Transfer of Credit
• Research Fellowship

• PhD programs

PhD program in Finance

• Program structure
• Application & admission
• Alumni stories
• PhD content hub
• Keep me posted!

The PhD program in Finance (240 ECTS) follows the standard US format: rigorous coursework in the first two years, and independent work on research projects that will make up the doctoral dissertation in the remaining years. Teaching experience is an integral part of the PhD program in Finance, and doctoral students are strongly encouraged to do some teaching from the second year. Successful completion of teaching entitles to a fifth year in the program. Most courses are offered within the Stockholm Doctoral Course Program in Economics, Econometrics and Financ e (SDPE) , which is organized by SSE jointly with Stockholm University. In addition, the Swedish House of Finance offers specialized courses in machine learning, digital currencies or continuous-time finance. To ensure the success of our students on the job market, our program offers customized presentation workshops by an external presentation coach and faculty mentors for all students from day 1.

A dissertation from our program typically consists of several essays in one or several fields of financial economics, which are expected to be suitable for publication in international scientific journals – the main channel for communicating research results.

SSE's Department of Finance belongs to the top 5 finance departments in Europe, regularly publishing in internationally recognized finance and economics journals. You will be surrounded by faculty members who previously taught at Duke University, Harvard University, NYU as well as the University of Chicago. Our professional standing is evident through keynote speeches, the Nobel Prize Committee membership, and editor roles at leading finance journals.

A strong track record of placing our graduates in leading academic institutions around the world reflects the strengths of the program and the dedication of our faculty to support our doctoral students. During their time at SSE and other internationally renowned universities, our faculty members have advised  PhD  students with first placements at Amsterdam University, Bocconi, Carnegie-Mellon, Chicago, Columbia, Copenhagen Business School, Harvard, HEC Montreal, LBS, McGill,  Nova , Tilburg, University of Zurich as well as the Federal Reserve Board of Governors, BlackRock, or Goldman Sachs. Here is a comprehensive overview of our recent placements of SSE students in Finance .

Subscribe to our newsletter

Do you wish to receive more information about our upcoming events and the latest news about SSE? Subscribe to our newsletter by filling out this form .

Our research expertise

• Sustainable Finance
• Banking and Financial Intermediation
• Household Finance
• Private Equity and Venture Capital
• Empirical Asset Pricing and Machine Learning
• Financial Econometrics
• International Finance
• Contract Theory

Browser does not support script.

• PhD Job Market
• News and event highlights

PhD Placements

 2023/24.

Assistant Professor in Finance, Ivey Business School

Thesis title: Essays in corporate innovation

Magnus Hjortfors Irie

Postdoc, Princeton University

Thesis title: Essays on Wealth Inequality and Financial Economics

Jiaxing Tian

Assistant Professor at Chinese University of Hong Kong, Shenzhen

Thesis title: Essays on Pension, Insurance and Mutual Fund Markets

Thesis title: Essays in Asset Pricing and Monetary Policy

Jane Chen Assistant Professor at Chinese University of Hong Kong, Shenzhen Thesis title:  Essays on Communication and Trading in Financial Markets

Amir Salarkia Assistant Professor in Finance at Tilburg University Thesis title:  Essays in Empirical Asset Pricing

Arthur Taburet Assistant Professor at Fuqua School of Business, Duke University Thesis title:  Essays in Banking

Joanne Chen Assistant Professor at Boston University Thesis title:  Essays on corporate finance and governance

Jiantao Huang Assistant Professor at Hong Kong University Thesis title:  Essays in empirical asset pricing

Marco Pelosi Economist at Bank of Italy Thesis title:  Essays in financial economics

Ran Shi Assistant Professor at University of Colorado Thesis title: Essays in Asset Pricing

Xiang Yin Assistant Professor at Tsinghua University, School of Economics and Management Thesis title: Essays in Empirical Corporate Finance

Agnese Carella Economist, International Monetary Fund Thesis title:  Essays in Household Finance

Zhongchen Hu Assistant Professor at Chinese University of Hong Kong, Shenzhen Thesis title:  Essays on household finance, venture capital, and labor

Muneaki Bruce Iwadate Assistant Professor at Baruch College, City University of New York Thesis title: Essays in Financial Economics

Francesco Nicolai Assistant Professor at BI Norwegian Business School Thesis title: Essays in Financial Economics

Alberto Pellicioli Quantitative Portfolio Strategist, Barclays Investment Bank Thesis title:  Essays in Financial Economics

Simona Risteska Assistant Professor, Warwick University Thesis title: Essays on learning and information-processing in financial markets

Yue Yuan Assistant Professor at Tsinghua PBCSF Thesis title: Essays on corporate finance under asymmetric information

Karamfil Todorov Economist, Bank for International Settlements (BIS) Thesis title:  Essays in Financial Economics

Fabrizio Core Assistant Professor of Finance, Rotterdam School of Economics Thesis title:  Essays in Corporate Finance

James (Tengyu) Guo Analyst, Canada Pension Plan Investment Board Thesis title: Essays in Factor-Based Investing

Brandon (Yueyang) Han Assistant Professor, University of Maryland Thesis title:  Essays on information and frictions in financial markets

Lukas Kremens Assistant Professor, University of Washington Seattle Thesis title:  Essays in Foreign Exchange Risk

Dimitris Papadimitriou Assistant Professor, Bristol University Thesis title:  Essays in Financial Economics

Bernardo De Oliveira Guerra Ricca Assistant Professor, Insper Thesis title:  Essays in Financial Economics

Gosia Ryduchowska Assistant Professor, BI Oslo Thesis title:  Essays in Empirical Corporate Finance

Su Wang Assistant Professor, University of Amsterdam Thesis title:  Essays in Corporate Finance

Lorenzo Bretscher Assistant Professor, London Business School Thesis title : From Local to Global: Offshoring and Asset Prices

Jesus Gorrin Assistant Professor, Warwick Business School Thesis title : The effects of immigration on investment and firm creation

Olga Obizhaeva Assistant Professor, Stockholm School of Economics Thesis title : Essays in Financial Economics

Petar Sabtchevsky Vice President, GCW Global Customised Wealth Thesis title : Volatility Managed Portfolios in General Equilibrium

Una Savic Investment Banking Associate, Financial Strategy & Solutions Group, Citi Bank Thesis title : Essays in Financial Intermediation

Michael Punz Quantitative Strategist, Capula Investment Management Thesis title:  Essays on delegated portfolio management

Huaizhi Chen postdoc, Harvard Thesis title : Essays in empirical asset pricing

Hoyong Choi Assistant Professor, Erasmus University

Sergei Glebkin Assistant Professor, Insead Thesis title : Three essays in financial economics

Yiqing Lu Assistant Professor, NYU Shanghai’s campus Thesis title : Essays on innovation incentives and compensation structure

Milan Martinovic Thesis title, MPhil in Finance:  Insiders' selling decision of VC-backed IPOs and long-run post-IPO performance

Seyed Seyedan Assistant Professor, Sharif University of Technology Thesis title:  Essays in Financial Economics

Ji Shen Guanghua School of Management at Peking University Thesis title:  Essays on asset pricing in over-the-counter markets

Luana Zaccaria Assistant Professor, Einaudi

Shiyang Huang Assistant Professor of Finance, University of Hong Kong Thesis title:  Essays on information asymmetry in financial market

Victoria Dobrynskaya Assistant Professor, Higher School of Economics Thesis title : Downside risk in stock and currency markets

Jason Donaldson Assistant Professor of Finance, Olin Business School, Washington University in St Louis Thesis title:  Essays in Financial Contract Theory

John Kuong Assistant Professor, INSEAD Thesis title:  Essays in Financial Economics

Christian von Drathen Assistant Professor of Finance, Jindal School of Management, The University of Texas at Dallas Thesis Title : Essays in Empirical Finance

Jing Zeng Lecturer, Frankfurt School of Finance and Management Thesis title:  Essays on the theories of financial intermediation

Ping Zhou Analyst in Market Risk Modelling, Deutsche Bank Thesis title:  Essays on Credit Risk

Nelson Costa-Neto Assistant Professor in Finance, Catholic University of Portugal (Lisbon) Thesis Title:  Essays on information asymmetry and financial institutions

Pragyan Deb Economist, International Monetary Fund First placement:  Economist, Bank of England Thesis title:  Essays on the Impact of Competition on Financial Intermediaries

Sean Lew Associate, Cornerstone Research Thesis title:  Essays on market microstructure

Giorgia Piacentino Assistant Professor of Finance, Olin Business School, Washington University in St Louis Thesis Title:  Theories of the effects of delegated portfolio managers' incentives

Marcela Valenzuela Assistant Professor, Universidad de Chile Thesis Title:  Essays in financial economics 

Ilknur Zer Economist, Board of Governors of the Federal Reserve System, Washington DC Thesis Title:  Essays in financial economics

Vincent Fardeau Assistant Professor, Frankfurt School of Finance and Management First placement:  Economist - Division of Research & Statistics, Board of Governors of the Federal Reserve System, Washington DC Thesis Title:  Essays in financial economics

Thomas Maurer Assistant Professor of Finance at the Olin Business School, Washington University in St. Louis Thesis Title:  Is Consumption Growth merely a Sideshow in Asset Pricing? - Asset Pricing Implications of Demographic Change and Shocks to Time Preferences

Sitikantha Parida Assistant Professor of Finance, Graduate School of Management, Clark University Thesis Title:  Essays on delegated portfolio  management

Qi Shang Assistant Professor at the Hanqing Advanced Institute of Economics and Finance, Renmin University of China Thesis Title:  Essays in Asset Pricing and Institutional Investors

Terence Teo Thesis title:  Essays in disclosure of holdings by institutional investors

Gyuri Venter Assistant Professor of Finance, Copenhagen Business School Thesis Title:  Essays on asymmetric information and trading constraints

Yiyi Wang Thesis Title:  Rational bubble, short-dated volatility forecasting and profitable trade on implied volatility surface

Yu-Min Yen Postdoctoral Fellow, Academia Sinica, Taiwan Thesis Title : Three essays in financial econometrics

Miguel Anton Assistant Professor of Finance, IESE Business School, University of Navarra

Dragana Cvijanovic Assistant Professor of Finance, HEC Paris Thesis Title:  Essays in Real Estate Finance

Xiaoxia Hao Asset Allocation and Strategic Research Department, China Investment Corporation Thesis title:  Patent Award and Informed Trading in Stock Market

Zijun Liu Economist, FSA Thesis Title:  Essays in Financial Intermediation

Aytek Malkhozov Assistant Professor, McGill University Thesis Title:  Essays in Asset Pricing

Kenneth McKay Risk Management, Morgan Stanley (Hong Kong)  Thesis Title:  Essays in contingent claims analysis

Zhigang Qiu Assistant Professor of Finance, Hanqing Advanced Institute of Economics and Finance, Renmin University of China, Beijing. Thesis Title:  Essays on Delegated Portfolio Management

Marvin Siepman Thesis Title (MPhil in Finance):  Two essays on hedge fund risks and returns

Fabian Garavito Global Asset Allocation & Alternative Investments Research Team, JP Morgan Thesis Title:  Essays on delegated asset management

Marco Protopapa Vice President, Euro Area Economic Research, J.P. Morgan First placement:  Economist, European Central Bank Thesis Title (MPhil in Finance):  An Essay in Corporate Finance, Managerial Incentives, Financial Constraints and Ownership Concentration.

Jan Bena Assistant Professor of Finance, Sauder School of Business, University of British Columbia Thesis Title:  Essays on the Interaction between Financial Development and Real Economy

Alexander Bleck Assistant Professor of Accounting, Chicago Booth Thesis Title:  Disclosure and Trading Games in Financial Markets

Pierre Chaigneau Assistant Professor of Finance, HEC Montreal Thesis Title:  Essays on CEO Compensation

Anisha Ghosh Assistant Professor of Finance, Carnegie Mellon, Tepper School of Business Thesis Title:  Essays in Asset Pricing

Keun Jung Lee Thesis Title:  Three Essays in Corporate Governance in Korea

Christian Reusch Quantitative Analyst, Wadhwani Asset Management Thesis Title:  On the non-linear dynamics of financial market risk and liquidity

Nikolaj Schmidt Thesis Title:  Essays in Financial Intermediation

Gara Minguez Afonso Economist, Federal Reserve Bank of New York

Sridhar Arcot Assistant Professor, ESSEC Business School, Paris Thesis Title:  Essays in Corporate Finance

Valentina Bruno Assistant Professor, Finance and Real Estate Department, American University Thesis Title:  Three Essays in Corporate Governance

Michael Gabor Kollo Head of Quantitative Research and Risk, Renaissance Asset Managers First placement:  PhD Associate, BlackRock Investment Management (UK) Limited Thesis Title:  Essays on Financial Intermediation

Xuewen Liu Lecturer, Imperial College London Thesis Title:  Essays on Corporate Finance under Information Asymmetry

Peter Kondor Associate Professor of Economics, Central European University First placement:  Assistant Professor, Chicago Booth (formerly Chicago GSB) Thesis Title:  Higher-Order Expectations, Risky Arbitrage and Professional Investors

Beatriz Mariano University Carlos III of Madrid Thesis Title:  Asymmetries of information in financial markets with applications to debt regeneration and financial certification 

Freyan Panthaki Equity Derivatives & Synthetics Strategy, Deutsche Bank, Hong Kong First placement : Global Equity Derivatives Strategy, Deutsche Bank, New York Thesis Title:  Foreign Exchange Market Reactions to News: A Microstructure Analysis of Returns, Volatility and Order Flow from the Reuters D2000-2 Electronic Trading System

Miguel Segoviano International Monetary Fund (IMF) Thesis Title:  'Portfolio Credit Risk Through Time: Measurement Methodologies'

Andy Jobst Economist, International Monetary Fund (IMF) Thesis Title:  A Theoretical and Empirical Study of Asset Securisation: Risk Modelling, Security Design and Market Pricing

Max Bruche Senior Lecturer in Finance, Cass Business School First placement:  Assistant Professor of Economics, CEMFI Thesis Title:  Structural Models of Corporate Bond Prices

Spyros Pagratis Lecturer in Finance, Athens University of Economics and Business First placement:  Economist, Bank of England Thesis Title:  Asymmetric Information in Financial Economics: Asset Pricing, Liquidity Pricing and the Resolution of Financial Distress

Paolo Colla Bocconi University Thesis Title:  Essays on Non-Fundamental Speculation, Trading Behaviour and Strategic Information Sharing

Hassan Syed Naqvi Assistant Professor of Finance, National University of Singapore Thesis Title:  Essays on Financial Crisis: Implications for Debt-Pricing, Bail Outs and Resource Allocation

Robert Kozowski Associate Professor, Imperial College London First placement:  Assistant Professor, INSEAD Thesis Title:  Essays on Mutual Fund Performance: Statistical Significance, Persistence and Business Cycle Time-Variation

Jinhui Luo Researcher, Barclays Global Investors

Josef Schuster Director, IPOX Schuster LLC

Andrew Ellul Assistant Professor of Finance, Indiana University, Kelley School of Business

Elena Carletti University of Mannheim

Ulrike Hoffman-Burchardi Tudor Investments

Gleb Sandmann Barclays Capital

PhD Finance programme information

Financial markets group.

A world-leading centre for policy research into financial markets

Systemic Risk Centre

Studying the risks that trigger financial crises and exploring policy solutions

PhD job market

View candidates entering the job market this year

Check back later for our latest Twitter updates.

Telephone +44 (0)20 7955 7736

Fax +44 (0)20 7242 1394

General enquiries [email protected]

Address View on Google maps

Department of Finance, Old Building, London School of Economics and Political Science, Houghton Street, London WC2A 2AE

• Doctoral Programs

Recent Graduates and Current Students

The Ph.D. program in financial economics has an outstanding and impressive track record in terms of quality of placements and research. Below are a list our graduates, and placements.

Financial Economics Graduates

Law/Financial Economics Joint Degree Graduates

Quinn Curtis (2011) Initial Placement at University of Virginia

Ofer Eldar (2016) Duke University

Adriana Robertson (2017) University of Toronto

Rahul Goravara (2021) Cornerstone Research

Current Students

Matthew Bondy (email) Doctor of Law, Yale Law School BA, International Relations, William & Mary

Xugan Chen (email) BS, Mathematics, Zhejiang University

Abhishek Dev (email) BS, Finance, Bard College

Tania Diaz-Bazan (email) MS, Economics, Universidad de La Plata BA, Economics, Universidad Catolica de Cuyo

Pranjal Drall (email) Doctor of Law, Yale Law School BA, Economics, Grinnell College

Ben Gardner (email) BS, Computer Engineering, Brigham Young University

Pranav Garg (email) MS, Economics, Paris School of Economics BA, Economics, University of Delhi

Leandro de Miranda Gomes (email) MS, Economics, Pontificia U Catolica Rio De Janeiro BS, Economics, State University of Santa Catarina

Weiting Hong (email) MA, Economics, Columbia University BS, Finance, New York University

Daniel (Zongsheng) Huang (email) Bachelors, Economics,Tsinghua University MS, Finance, University of Chicago

Dong Huang (email) Masters, Finance, Tsinghua University BS, Economics and Mathematics, Tsinghua University

Kwon Yong Jin (email) JD, Law, Yale Law School BA, Economics, Harvard University

Barry Shikun Ke (email) BS, Applied Mathematics, Columbia University

Pengcheng Liu (email) MS, Finance, Chinese University of Hong Kong BS, Finance, Renmin University of China

Tianshu Lyu (email) MS, Finance, Massachusetts Institute of Technology BS, Computer Science, New York University Shanghai

Mohammad Pourmohammadi (email) MS, Finance, Bocconi University BS, Applied Mathematics, Sharif University of Technology

Jamil Abdur Rahman (email) BA, Economics, Cornell University

Sasha Rothstein (email) BS, Mathematics, Harvey Mudd College

Haley Ru (email) BA, Economics, University of Hong Kong

Tudor-David Schlanger (email) BA, International Economics, University of British Columbia

Paul Schmidt-Engelbertz (email) BA, Economics, Oxford University

Joe Tan (email) MS, Finance, Imperial College London Bachelor of Commerce, Finance, University of Sydney

Kaushik Vasudevan (email) BA, Statistics, University of Chicago

Yi Wang (email) Bachelors, Finance, Wuhan University MS, Finance, New York University

Yiyuan Wang (email) BA, Finance, Tsinghua University

Hongyu Wu (email) BBA, Economics, Chinese University of Hong Kong MA, Mathematics, Columbia University

Nicholas Wuthenow Anglarill (email) BS, Economics, Ludwig Maximilians University

Yingxuan Yang (email) BA, Economics, Nankai University MS, Economics, London School of Economics

Dolly (Yang) Yu (email) BS, Economics, University of Toronto MA, Economics, Yale University

Daojing Zhai (email) BS, Physics, Nanjing University

Kangying Zhou (email) MS, Applied Mathematics, University of Chicago BS, Economics, Huazhong University of Science

Discover New Knowledge in Finance

Get Your PhD in Finance

Olin’s PhD in Finance emphasizes rigorous analytical training and prepares you to pursue a career in research and teaching at leading academic institutions across the globe.

As a PhD student in Finance, you will train alongside some of the most respected and accomplished academics in the world. Students in this program have strong quantitative backgrounds and analytical abilities, typically with undergraduate training in economics, mathematics, engineering or another quantitative discipline as well as high GMAT/GRE scores.

Finance research is mostly based on economic models, which are used to address problems such as the allocation of capital, risk and rewards in the economy. Empirical work widely uses the tools of econometrics—the application of statistics to economics. Mathematical tools are extremely important in finance, helping to solve sophisticated models that reflect, as closely as possible, the important features of the market.

You have the unique opportunity to benefit from and engage in corporate collaborations with partners such as Equifax and Alibaba. These collaborations have resulted in unique access to robust datasets and have already yielded several dynamic working papers.

Our research-active faculty members are easily accessible to you. Collaboration is encouraged early in the program, with faculty/student joint research resulting in co-authored papers published in important journals.

Our finance faculty members are active and renowned researchers dedicated to advancing the understanding of financial economics. Their research interests encompass many areas of finance, both empirical and theoretical topics, including banking and financial intermediation, corporate finance, corporate control and capital structure, mergers and acquisitions, asset pricing models, investments and portfolio allocation models, and market microstructure.

Research papers by faculty members have recently been published in well-respected journals such as:

• Journal of Finance
• Journal of Financial Economics
• Review of Financial Studies
• Econometrica
• Management Science
• Journal of Financial Intermediation
• Harvard Business Review

Read about collaborative research by Finance faculty and PhD students.

As part of the program, you have access to the Wells Fargo Advisors Center for Finance and Accounting Research (WFA-CFAR). In addition to organizing a number of conferences that bring cutting-edge researchers to Olin, WFA-CFAR also funds data acquisition and student travel.

PhD Finance

Olin’s PhD program in finance emphasizes rigorous analytical training and prepares you to pursue a career in research and teaching.

Research Center Collaboration

The Wells Fargo Advisors Center for Accounting Research is dedicated to the dissemination of cutting-edge research in finance and accounting.

PhD in Finance Curriculum

Prior to the first year, we require mandatory attendance at math camp (offered through the Economics department).

Required Courses

• MEC 610 Microeconomics I (3 credits)
• MEC 611 Microeconomics II (3 credits)
• L11 511 Quantitative Methods I (3 credits)
• L11 5161 Applied Econometrics (3 credits)
• B52 620 Empirical Methods in Finance (if available first year; if not, required in the second year)
• B52 652 Introduction to Asset Pricing
• B52 655 Introduction to Corporate Finance

Prerequisites for FIN 642

• B62 538 Stochastic Foundations for Finance
• B62 539 Mathematical Finance

Olin PhD Finance courses – you will take one of the following groups of courses:

• B52 FIN 643 Info Econ & Corp Finance Theory (3 credits) – Prof. Anjan Thakor
• B52 FIN 642 Advanced Continuous Finance (1.5 credits) – Prof. Phil Dybvig (Pre requisite: B62 539 Mathematical Finance and B62 538 Stochastic Foundations for Finance)
• B52 651 Topics in Finance (1.5 credits)
• B52 654 Empirical Methods in Asset Pricing (1.5 credits) – Prof. Asaf Manela
• Compulsory attendance in all finance brown bag lunches and Friday Seminars
• First-year summer paper; papers are due by end of September after the first year.
• In the summer of the first year, students must meet with the faculty coordinator to discuss progress and complete a progress report to be submitted to the PhD Office by September 1 after the first year.
• The Micro Prelim Exam is offered in August. Students must receive a “Distinction/Honors” or “PhD pass” to continue in the PhD program. One retake of the exam is permitted.
• In August after the first year, students must attend an RA/TA orientation offered by the Center for Teaching and Learning.
• B52 FIN 615A and B Research in Finance (both semesters)
• B52 620 Empirical Methods in Finance (if not taken during the first year)
• Directed readings and/or independent studies

Olin PhD Finance courses—you will take one of the following groups of courses:

Other Electives (see below for some choices)

• B50 665 Applied Empirical Research in Accounting
• B53 620 Empirical Methods in Business
• B50 664 Doctoral Seminar in Financial Accounting
• B55 675 Empirical Methods in Structural Modeling
• B62 500R Topics in Quantitative Finance
• E35 516 Optimization in Function Space
• L11 501 Macroeconomics I
• L11 518B Seminar in Applied Econometrics II: Time Series Analysis and Macroeconomics
• B54 661 Analysis of Time Series Data
• Compulsory attendance in all finance brown bag lunches and department seminars
• Second-year summer paper; papers are due by the end of September after the second year.
• Second-year paper—Students must have paper approved by faculty to continue in the PhD program. Papers will be presented to faculty in fall of the third year.
• Field exam, given in June after the second year. Students must pass the field exam to continue in the PhD program.
• In the summer, students must meet with the faculty coordinator to discuss progress and complete a progress report to be submitted to the PhD office by September 1.
• B25 615 A and B Research in Finance (both semesters)
• B53 660 Seminar in Presentation Skills (fall semester, required)
• Improvisation Course
• Compulsory attendance in all finance brown bag lunches and Friday seminars
• Second year paper (due in September of third year) must be presented during a brown bag seminar before October 30 and must be approved by the faculty to continue in the PhD program.
• Dissertation research
• Paper presentations (brown bag seminars and conferences)
• Dissertation Proposal—Students must be able to assemble a Research Advisory Committee for the proposal of their dissertation and must submit a Title, Scope and Procedure Form as the committee’s approval of the proposed dissertation by September 30 of the fifth year.
• Paper presentations (job market paper presentations with faculty and at conferences)
• Intent to Graduate (complete form online)
• Job market and placement
• Oral defense of dissertation
• Submission of Examination Approval form, which signifies committee’s approval
• Upload of final, approved dissertation to Graduate School of Arts &Sciences
• Submission of Documented Teaching Requirements to PhD office

Download Finance PhD course descriptions

Nicolae Garleanu

Full Professor

• [email protected]

Todd Gormley

• lastname [@] wustl [dot] edu
• 314.935.7171

Doctoral Programs

Campus Box 1133-124-05 One Brookings Drive St. Louis, MO 63130-4899

• [email protected]
• 314-935-6340

Office Hours: Monday–Friday 9:00 a.m. to 5:00 p.m.

Quick Links

• PhD & DBA Admissions
• PhD Bulletin
• Research collaborations PDF
• Greater St. Louis
• Pre-Doctoral Program

Browser does not support script.

Go to…

• King's Homepage
• Mission & vision
• Advisory Council
• Senior Management Team
• Executive Fellows
• Accreditations
• Diversity and Inclusion
• Sustainability
• Undergraduate
• Student experience
• Global placements
• Postgraduate
• Scholarships
• PhD programme

Executive education

• Open courses
• Custom solutions
• Executive masters
• Executive MBA
• Course content
• How to apply
• Scholarships & funding
• Enquire now
• Departments
• Research centres
• Research Projects
• Academic visitors
• Partnerships
• News & comment

PhD Programme

Become a research expert at king’s.

A PhD from King’s Business School aims to be more than just a qualification. It provides you with the opportunity to become an expert in your chosen field of research. By the end of the programme, you will have developed the skills necessary to analyse complex organisational problems in order to make a difference in business and society.

If that’s you, then King’s Business School provides an ideal home for you to pursue PhD research. It is one of the leading research-intensive business schools in the UK and features world-class research academics in all of our departments:

• Accounting & Financial Management
• Banking & Finance
• Human Resource Management & Employment Relations
• Public Services Management & Organisation
• Strategy, International Management & Entrepreneurship

Many of our graduates continue onto academic careers after completing their PhD. Some take on research, analysis or leadership roles in major corporations and public bodies. Others use their expertise to start up their own research consultancy. It’s entirely up to you to decide what King’s means for your future. However, we know that PhD research will be right for you if you are motivated to interrogate academic puzzles; committed to developing high-level analytical skills; and dedicated to advancing knowledge in your research area.

Upcoming deadlines October 2025 entry

Round 1 - 1 December 2024

Round 2 - Application deadline for all applicants: 1 June 2025

Please note, any application received after 1 December 2024 will automatically be considered for the second round entry.

Application and admissions guide

Our application guide outlines everything you need to know about applying to the programme and for our King’s Business School studentships.

Find out how to apply for our PhD programme

Our full-time PhD programme usually takes three to four years, while the part-time programme will last six to sevent years. As a full-time student, you will spend most of your time in the iconic Bush House where we have dedicated spaces for our PhD researchers. And with central London on your doorstep, you’ll be surrounded by major business, government and cultural institutions. While completing a PhD is probably the toughest academic challenge you’ll ever take on, we’re here to support you throughout your time at King’s (and beyond).

Find out more about life at King's Business School

Skills & Training

The King’s Business School PhD programme is designed to support you in preparing the strongest thesis that you can, which will place you in the best position to move on to the job that you want. We will support you in developing advanced academic skills, but also skills relevant for wider impact in business and on society – for instance, skills in critical and analytical thinking, communication and networking.

Find out more about how we train our PhD students

Read more about the PhD journey

Roadmap of the full-time PhD programme

Doctoral Research Studentships

King's Business School invites applications for funded, full-time PhD studentships to start in the…

PhD Studentships

Please see other available King's Business School PhD Studentships

Student Experiences

Current and former students share their experiences of being a PhD student at King's Business School

8 January 2021

Chiamaka Nwosu

Chiamaka Nwosu is a current PhD student at King's Business School.

7 January 2021

Felix Kempf

Felix Kempf is a current PhD student at King's Business School.

Choose start date: Start date: September 2025 Duration: Five to six years Deadline: 2 December 2024 Fee: Fully funded Location: London, UK Funding and scholarships Career impact

Applying for the Doctoral programme

Are you ready to ignite your extraordinary potential within a forward-thinking Business School? At Imperial we take a holistic approach to admissions, attracting a diverse range of individuals with varied backgrounds to foster an enriching learning experience. Looking beyond your professional qualifications, we also consider who you are, what motivates you and how you collaborate with others.

Applications for the 2025 intake are open

Who are we looking for?

At Imperial, we are looking for well-rounded candidates with the aptitude and ambition to thrive in our PhD programmes and make a global impact as future leaders of business and society.

Entry requirements

Academic achievement.

A PhD at Imperial College London is a demanding academic qualification. We therefore look for evidence of strong and consistent academic performance and expect applicants to have high grades at undergraduate and Master’s level, including a strong dissertation.

From graduates of UK institutions, this would normally equate to a combination of at least an Upper Second Class Honours degree at undergraduate level and a Master’s degree awarded with Merit or Distinction. Please see the  College Country index  for the international equivalent of these qualifications, though please bear in mind that the Business School may ask for higher grades than the College minimum.

In exceptional circumstances, we will consider candidates holding a strong First Class Honours undergraduate degree, without a Master’s, if accompanied by very strong academic references and outstanding CV and personal statement.

For general enquiries, please contact us at  [email protected]

What to expect – pre-requisite knowledge and training

As a PhD graduate of Imperial College Business School, you will be expected to have a solid foundation in quantitative research methods, understand the breadth of your research area and have in depth knowledge of your specific field demonstrated through your own original research. Graduates who are working in primarily qualitative fields are still expected to undertake core quantitative methods training.

To be able to succeed in the formal courses, as a minimum, you should have knowledge of:

Topics include functions, limits and continuity, differentiation, applications of the derivative, curve sketching, and integration theory, methods of integration, applications of the integral, Taylor’s theorem, infinite sequences and series.

Matrix Theory/Linear Algebra

Topics include matrix algebra, systems of linear equations, determinants, vector algebra and geometry, eigenvalues, eigenvectors, vector spaces, subspaces, bases, and dimension, linear transformations, representation by matrices, nullity, rank, diagonalization, inner products, adjoints, unitary, and orthogonal transformations.

Topics include fundamentals of probability theory, confidence intervals, and tests of hypothesis for normal distributions, one- and two-sample tests and associated confidence intervals for means and proportions, analysis of variance, F-tests, correlation, regression, contingency tables, and statistical analysis using the computer.

Data analysis and programming

During your courses and research, you will use a variety of analysis tools and programming languages, including R, STATA, MATLAB, Python – applicants who are not confident with programming should learn before enrolling. There are many open online courses available that make it feasible to learn. This  Data School  web page gives a good round up of some available resources as a starting point.

• Statement of purpose

One of the most important parts of our application form is the Statement of Purpose section. Although you are not expected to have your whole thesis planned at this stage, it is important to articulate your knowledge and ideas. It should include the following:

• Your motivation for undertaking the MRes and PhD
• A discussion of possible research areas that you might pursue
• Business School faculty you have identified that align with your research interests
• What interests you most about your chosen field of study
• Relevant past study or research projects – in particular those completed with faculty

GMAT or GRE requirement

A GMAT or GRE score is a compulsory requirement to be considered for entry into the Doctoral programme at Imperial College Business School. This GMAT/GRE score must be submitted before we will consider an application. Please note that we do not make offers on the condition that a candidate achieves a satisfactory GMAT/GRE score.

There are only a few test dates per year in some countries or testing centres. It is highly recommended that applicants arrange a GMAT or GRE test at the earliest possible opportunity to ensure that they can submit a timely application.

To locate your nearest GMAT test centre, visit  www.mba.com  or for your nearest GRE test centre visit  www.ets.org/gre/ . Our GRE code is 0121.

Preferred scores

No preference between GRE and GMAT:

• Innovation and Entrepreneurship

Strategy & Organisational Behaviour

GRE preferred:

• Economics & Public Policy

All applicants are free to take either test and we understand that there are some countries where only one of these tests is available.

We expect applicants to have obtained strong scores across all elements of the exam. We consider strong scores to be in the 90th percentile or higher in either test.

For the GMAT Exam , our preferred total score is 700 or above. From the different test elements, scores in the 90th percentile roughly equate to: 50/60 in quantitative reasoning, 39/60 in verbal reasoning, 6/6 in analytical writing and 8/8 in integrated reasoning.

We also accept the GMAT Focus Edition (available from 7 November 2023). If taking this test, our preferred total score is 655 or above. We would also be looking to see scores in the 90th percentile in the Data Insights, Verbal Reasoning and Quantitative Reasoning components. Scores are valid for five years from your appointment date. 

From the different test elements, scores in the 90th percentile roughly equate to: 165/170 in quantitative reasoning, 163/170 in verbal reasoning and 5/6 in analytical writing.

English language requirement

All Doctoral students must meet our English language entry requirements. If you have a degree taught in English within the following countries, you meet the English requirement automatically: Australia, Canada, Guyana, Ireland, New Zealand, South Africa, United Kingdom, United States of America, West Indies. This applies only to degrees that were studied entirely and awarded in the relevant country.

For all other applicants, a full list of acceptable English language qualifications and our required scores can be found on our detailed  English language requirement page .

Most applicants meet the requirement in one of the following ways:

IELTS (academic): A minimum score of 7.0 with minimum scores of 6.5 in all elements.  The IELTS indicator test will be accepted for admissions to the 2023/24 academic year.

TOEFL iBT: A minimum score of 100 overall with minimum scores of 22 in all elements.  The ETS at Home test will be accepted for admission to the 2023/24 academic year.

• Duolingo English Test: 125 Overall with no less than 115 in any band score.
• IELTS, TOEFL and Duolingo scores are only valid if they are less than two years old on the programme start date
• TOEFL: You must meet the entry requirement in one test from your scaled scores ( ‘My Best Scores’ reported by TOEFL will not be considered ). For more information regarding TOEFL please visit the  ETS website . Please note if you would like ETS to send your TOEFL scores directly to the College, our TOEFL Institution Code is 0891.

You may submit your online application prior to meeting the English language requirement.

How to apply

Start your application.

Applications are made through our online application system, which gives you the flexibility to complete your application in your own time and save your progress. The form includes questions about you and your educational history to date.

If you wish to be considered for the Doctoral programme, please follow the steps below:

• Start a new application and search for “Business”. Select either Business (MRes 1YFT) or (MRes 2YFT) depending on which pathway you wish to apply for.
• Applicants applying for the Marketing or Analytics and Operations pathways will need to select Business (MRes 1YFT). Applicants applying for the Economics and Public Policy, Finance, Strategy and Organisational Behaviour or Innovation and Entrepreneurship pathways will need to choose Business (MRes 2YFT). You must only select Business [LISS DTP 1+3] (MRes 1YFT) if you are also planning on completing a LISS Case for Support.
• Once you have chosen either the Business (MRes 1YFT) or Business (MRes 2YFT) programme, you will need to select which pathway you wish to be considered for based on your research area of interest.
• You will also need to provide a brief outline of your primary research interest and indicate a potential supervisor.

Submit your supporting documents

Once you have submitted your application form, you will need to upload the following supporting information to complete your application in time for the application deadline you want to be considered by.

• Current resume/CV
• Complete degree transcripts
• Contact details of two academic referees
• GMAT/GRE test scores: you should have sat and have a valid test score that meets our requirements at the point of entry
• Evidence of English language qualification

One of the most important parts of our application form is the Statement of Purpose section. Although you are not expected to have your whole thesis planned at this stage, it is important to articulate your knowledge and ideas. It should include the following:

• Your motivation for undertaking the MRes and PhD  

It’s essential we receive your supporting documents  and  reference information before midnight (UK time) on Monday 8 January 2024.  Until we have received all the necessary documents, your application will not be complete and will not be processed.

Once the following information is uploaded, the Doctoral Admissions Team will assess your application and you will be contacted if any additional documents are required. Complete applications will then be considered by the Academic Selection Committee. Applications submitted without a GMAT or GRE score or without references will be considered incomplete and will not be considered.

If you are shortlisted by the Academic Selection Committee, you will be invited to an interview with a panel of faculty before a final decision is made. In the case of overseas candidates, we will arrange an interview by telephone or via Skype. 

Shortlisted candidates will normally be invited to interview by Friday 1 March 2024 at the latest.

Admissions decision

You will be notified of your application result by email as soon as possible after your interview. Following this, you will receive official notification via your Imperial Gateway account from the College Registry team. If you have been granted a place on the programme the official offer notification will let you know of any conditions that you need to complete to take up your place.

If you have any further questions about the application process, please see our FAQs.

Start your Doctoral journey today

Key dates and deadlines.

Applications for the 2025 intake are open.

The admissions deadline for the PhD programmes is Monday 2 December 2024.

Sign up to receive deadline reminders

Funding your PhD

We offer a funded Doctoral programme at the Business School. This includes a full tuition fee waiver (Home/EU or Overseas fees) plus a living stipend for up to five years through the Business School Graduate Teaching Assistant Scholarship. Funding for a sixth year can be considered on a case-by-case basis, with the potential to undertake a teaching or research assistant studentship with one of the Business Schools research centres.

Some of our scholarship funding comes from EPSRC and ESRC for candidates who meet Research Councils UK’s academic and residential eligibility conditions. During the MRes you will have a discussion with our team to find out whether you are eligible to move onto any of these awards.

Funding and scholarships

The fees for both UK and international students are the same.   

Frequently asked questions

How do i apply and what documents do i need to submit with my application.

All applications to the Doctoral programme are made via our online platform. You will either need to select 'Business (MRes 1YFT)' or 'Business (MRes 2YFT)' based on your research area of interest. Further information can be found on our  Doctoral programme page .

Please refer to the 'How to apply' section of this page to see application deadlines, what documents you are required to submit with your application and to view the selection process.

When is the application deadline?

To find out more about application deadlines for our Doctoral programme please visit the 'How to apply' section of this page.

What do I need to include in my statement of purpose?

One of the most important parts of our application form is the ‘statement of purpose’ section. It should be no more than one or two A4 pages and should cover the following points:

• Your motivation for undertaking the programme
• A discussion of possible research areas that you might pursue and how these are a good fit for Imperial College Business School
• Relevant past study, industry, or research projects

Long-term career goals

I haven’t decided what area I want to specialise in for my PhD, what should I do?

You should browse the description of the different research groups in the Business School and the webpages of faculty members. This will give an overview of their research interests and current projects. The MRes gives you an opportunity to pursue potential interests through courses and a project prior to committing to the PhD.

Do I need a willing supervisor prior to application?

No, although in your application you should list a member of faculty you have identified as a potential supervisor. You can demonstrate in your statement of purpose how your research interests are aligned to a potential supervisor and the Business School.

Checking the research profiles of faculty members and Business School projects will give you an indication of whether the Business School is a good fit for you. If no faculty are working in your area of interest it is unlikely that you would be shortlisted, as we may not be able to provide supervisory support during your PhD.

During the MRes year, you will become part of the research community at Imperial College Business School and interact with faculty and other PhD students during taught courses and at seminars, which we hope will influence and help shape your research ideas for the PhD.

Are all applicants interviewed?

Not all applications progress to the interview stage of the selection process, however we interview all shortlisted candidates before making an offer. In the case of overseas candidates we will arrange an interview by telephone or via Skype.

Is GMAT/GRE a compulsory requirement?

Yes. A GMAT/GRE score must be submitted before we will consider an application. Any applications submitted without a GMAT/GRE score will be considered incomplete until we receive a score. Please note that we do not make offers on the condition that a candidate achieves a satisfactory GMAT/GRE score.

Do you offer Doctoral funding and stipend?

We offer a fully funded Doctoral programme at Imperial College Business School – this includes a tuition fee waiver and a stipend for up to five years. The 2024-25 rate of the Graduate Teaching Assistant scholarship stipend is £25,000. Rates are reviewed annually and are expected to increase for 2025-26 in line with Research Council UK rates. Stipends are tax-free and the continuation of the stipend will depend on your satisfactory progress on the programme.

What living costs should I allow for in London?

Living costs vary considerably depending on the area of London you choose to live in and your choice of accommodation.

Read more about  estimated London living costs  and  accommodation for postgraduates .

Do you offer Doctoral scholarships?

Within Imperial, we also have funding opportunities from various external studentships, including EPSRC, ESRC, and the Imperial College President’s PhD Scholarships .

Students who are eligible for other PhD  funding opportunities  that may be available to them are expected to apply for them.

How long does it take to complete the Doctoral Programme?

The Doctoral programme is structured to take between four to six years full-time. In the first year, all students undertake a one or two year MRes programme depending on their chosen research area specialism. Subject to satisfactory academic progress, students then progress to the PhD which takes between 3-4 years.

When does the academic year start?

The Doctoral programme has one intake each year in September and is spread over four to six years.

Do you offer any distance learning or part-time research programmes?

It is not possible to enrol on the Doctoral programme on a part-time or distance learning basis. Students must be in attendance throughout the full period of study.

Can I transfer from my current Doctoral programme to Imperial College Business School's Doctoral programme?

It is not usually possible to transfer onto the Doctoral programme as it is unlikely that previous studies would perfectly overlap with the School’s expertise.

Can I come to Imperial College Business School as a visiting student?

Imperial College Business School does not accept visiting student applications. On rare occasions students are invited to visit by an academic and are dealt with individually.

Can I have a part-time job whilst enrolled in the programme?

The Doctoral programme is full time. Students are able to undertake part-time work if this does not break any relevant visa and/or scholarship conditions, however the programme offers a living stipend to support students during their studies.

How many students do you accept onto the Doctoral programme every year?

Admission onto the Doctoral programme is highly competitive as we accept around 15 students each year, from a total of approximately 200 applications.

Is there a workspace assigned to Doctoral students?

There is a designated workspace which includes a computer and relevant software assigned to all enrolled Doctoral students. You will share working space with other PhD students in your cohort.

When will I receive my official offer?

When the Business School recommends an offer, the College Registry team will perform a final review of your application to make sure that all College entry requirements are met before making an official offer. This process can take up to three weeks from Business School recommendation.

Do I need to pay a deposit to secure my place?

No. This is not required as all places on the Doctoral Programme come with full funding.

How do I show that I’ve met the academic condition of my offer?

You will receive an email detailing what you are required to submit and where you need to submit relevant documents.

How do I show that I’ve met the English language condition of my offer?

IELTS and TOEFL certificates should be scanned and emailed to  [email protected] . If you have not yet received your certificates, you can email your IELTS Test Report Number or TOEFL 16 digit registration number to the Registry team.

If you have completed the Pearson Test of Academic English, please ensure you have sent your scores to Imperial via your  PearsonPTE account.

If you have completed another one of Imperial’s accepted English language qualifications, you will need to post the original, physical document to the Registry team to support this qualification. You will receive an email with more information and the address that the document will need to be posted to.

How do I find the Business School?

The Business School is located on the South Kensington Campus of Imperial College London. 

“The programme structure is different from many other business schools because during the first year at Imperial we study the Master’s of Research (MRes), which is focused on developing strong foundations before continuing to the PhD programme. This also gives us additional time to discover opportunities and find the right paths for our research. ”

The programme

Funding and scholarships, career impact, attend an event.

Smart. Open. Grounded. Inventive. Read our Ideas Made to Matter.

Which program is right for you?

Through intellectual rigor and experiential learning, this full-time, two-year MBA program develops leaders who make a difference in the world.

Earn your MBA and SM in engineering with this transformative two-year program.

A rigorous, hands-on program that prepares adaptive problem solvers for premier finance careers.

A 12-month program focused on applying the tools of modern data science, optimization and machine learning to solve real-world business problems.

Combine an international MBA with a deep dive into management science. A special opportunity for partner and affiliate schools only.

A doctoral program that produces outstanding scholars who are leading in their fields of research.

Bring a business perspective to your technical and quantitative expertise with a bachelor’s degree in management, business analytics, or finance.

Apply now and work for two to five years. We'll save you a seat in our MBA class when you're ready to come back to campus for your degree.

Executive Programs

The 20-month program teaches the science of management to mid-career leaders who want to move from success to significance.

A full-time MBA program for mid-career leaders eager to dedicate one year of discovery for a lifetime of impact.

A joint program for mid-career professionals that integrates engineering and systems thinking. Earn your master’s degree in engineering and management.

Non-degree programs for senior executives and high-potential managers.

A non-degree, customizable program for mid-career professionals.

Recent Academic Placements

Alumni of the MIT Sloan PhD Program are teaching and producing research at top institutions around the world. Look at where these recent graduates are today. ACCOUNTING: Boston College ( Ki-Soon Choi , PhD 2022; Natalie Berfeld , PhD 2021)  Boston University ( Rachel Yoon , PhD 2023) Dartmouth College ( Gabriel Voelcker , PhD 2024) Harvard University ( Brian Baik , PhD 2022) London Business School ( Inna Abramova , PhD 2020) Northwestern University ( Georg Rickmann , PhD 2020) University of Michigan ( Samuel Anderson , PhD 2022) ECONOMIC SOCIOLOGY: Cornell University, ILR ( Brittany Bond , PhD 2020) Harvard University ( Carolyn Fu , PhD 2022;  Summer Jackson , PhD 2021;  James Riley , PhD 2020) Tel Aviv University ( Hagay Volvovsky , PhD 2023) University of Colorado ( Ethan Poskanzer , PhD 2022) FINANCE:   Arizona State University ( Allison Cole , PhD 2023, after NBER postdoc) Bentley University ( Maya Bidanda , PhD 2024) Columbia University ( Parinitha Sastry , PhD 2022) Harvard University ( Olivia Kim , PhD 2022) Northwestern University ( Bryan Seegmiller , PhD 2022) Purdue University ( Peter Hansen , PhD 2021) Stanford University ( Tim de Silva , PhD 2024, after postdoc at SIEPR) University of Hong Kong ( Jiaheng Yu , PhD 2023;  Fangzhou Lu , PhD 2020) University of Maryland ( Thomas Ernst , PhD 2020) Washington University in St. Louis ( Maarten Meeuwis , PhD 2020) INFORMATION TECHNOLOGY:  Boston College ( Sebastian Steffen , PhD 2022) Boston University ( Emma Wiles , PhD 2024) Carnegie Mellon University ( Avinash Collis , PhD 2020) Purdue University ( Alex Moehring , PhD 2024) University of California, Berkeley ( David Holtz , PhD 2021) INSTITUTE FOR WORK AND EMPLOYMENT RESEARCH:   Cornell University ( Alexander Kowalski , PhD 2022;  Duanyi Yang , PhD 2020) San Francisco State University ( Arrow Minster , PhD 2024) MARKETING: Emory University ( Marat Ibragimov , PhD 2023) Harvard University ( Jeremy Yang , PhD 2021) National University of Singapore ( Yuting Zhu , PhD 2022) New York University ( Jennifer Allen , PhD 2024) University of Norte Dame ( Keyan Li , PhD 2024) University of Pittsburgh ( Yifei Wang , PhD 2024) ORGANIZATION STUDIES: Bocconi University ( Heather Yang , PhD 2021) Boston College (Raquel Kessinger, PhD 2024;  Vanessa Conzon , PhD 2021) University of Toronto ( Jenna Myers , PhD 2021) SYSTEM DYNAMICS: Bucknell University ( James Paine , PhD 2023) Chinese University of Hong Kong ( Tim Tianyi Li, PhD 2021) Koc University ( Mahdi Hashemian , PhD 2020) Texas A&M University (Jose Lopez, PhD 2024) TECHNOLOGICAL INNOVATION, ENTREPRENEURSHIP & STRATEGIC MANAGEMENT: Columbia University ( Soomi Kim , PhD 2023) Harvard University (Lindsey Raymond, PhD 2024, after Microsoft postdoc) University of California, Los Angeles ( Jane Wu , PhD 2022) University of Hawaii ( Caroline Fry , PhD 2020)

• Today's news
• Reviews and deals
• Climate change
• 2024 election
• Fall allergies
• Health news
• Mental health
• Sexual health
• Family health
• So mini ways
• Unapologetically
• Buying guides

Entertainment

• How to Watch
• My Portfolio
• Latest News
• Stock Market
• Biden Economy
• Stocks: Most Actives
• Stocks: Gainers
• Stocks: Losers
• Trending Tickers
• World Indices
• US Treasury Bonds Rates
• Top Mutual Funds
• Options: Highest Open Interest
• Options: Highest Implied Volatility
• Basic Materials
• Communication Services
• Consumer Cyclical
• Consumer Defensive
• Financial Services
• Industrials
• Real Estate
• Stock Comparison
• Advanced Chart
• Currency Converter
• Credit Cards
• Balance Transfer Cards
• Cash-back Cards
• Rewards Cards
• Travel Cards
• Credit Card Offers
• Best Free Checking
• Student Loans
• Personal Loans
• Car insurance
• Mortgage Refinancing
• Mortgage Calculator
• Morning Brief
• Market Domination
• Market Domination Overtime
• Asking for a Trend
• Opening Bid
• Stocks in Translation
• Lead This Way
• Good Buy or Goodbye?
• Financial Freestyle
• Capitol Gains
• Living Not So Fabulously
• Decoding Retirement
• Fantasy football
• Pro Pick 'Em
• College Pick 'Em
• Fantasy baseball
• Fantasy hockey
• Fantasy basketball
• Download the app
• Daily fantasy
• Scores and schedules
• GameChannel
• World Baseball Classic
• Premier League
• CONCACAF League
• Champions League
• Motorsports
• Horse racing
• Newsletters

New on Yahoo

• Privacy Dashboard

Yahoo Finance

Oruka therapeutics announces closing of merger with arca biopharma and previously announced private placement of $275 million.

Oruka is advancing a pipeline of potentially best-in-class biologics that aim to offer greater freedom from disease to people with plaque psoriasis and other associated conditions

Company on track to advance co-lead programs, ORKA-001 and ORKA-002, into the clinic and show initial pharmacokinetic data for ORKA-001 next year

Samarth Kulkarni, PhD, appointed Chairman of Oruka’s Board of Directors

Shares to trade on Nasdaq under the ticker symbol “ORKA” commencing today,  September 3, 2024

MENLO PARK, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Oruka Therapeutics, Inc. (“Oruka”) (Nasdaq: ORKA), a biotechnology company developing novel biologics designed to set a new standard for the treatment of chronic skin diseases, including plaque psoriasis, today announced the completion of its previously announced merger with ARCA biopharma, Inc. The combined company will operate under the name Oruka Therapeutics, Inc., and its shares are expected to begin trading on the Nasdaq Global Market today, September 3, 2024, under the ticker symbol “ORKA”. In addition, Oruka announced the appointment of Samarth Kulkarni, PhD, current Chairman and CEO of CRISPR Therapeutics, as Chairman of Oruka’s Board of Directors.

Concurrent with the merger, Oruka completed a previously announced $275 million private placement with a syndicate of new and existing investors including Fairmount, Venrock Healthcare Capital Partners, RTW Investments, Access Biotechnology, Commodore Capital, Deep Track Capital, Perceptive Advisors, Blackstone Multi-Asset Investing, Avidity Partners, Great Point Partners LLC, Paradigm BioCapital, Braidwell LP and Redmile Group, along with multiple large investment management firms. Following the merger, private placement, and reverse stock split, there are approximately 46.3 million shares of the combined company’s common stock and common stock equivalents outstanding, including shares of common stock underlying pre-funded warrants and Series B non-voting convertible preferred stock, and excluding employee and director equity.

“We have made tremendous progress since our founding in February of this year. We have assembled a top-tier team that has executed effectively to both close this transaction and advance our co-lead programs toward human trials,” said Lawrence Klein, PhD, Chief Executive Officer of Oruka. “Our drug candidates are designed to potentially offer both improved dosing regimens and greater clinical activity compared to the current standard of care for patients with psoriasis and related conditions.”

“Oruka’s product candidates have incredible potential to change the landscape of treatment for multiple diseases,” commented Samarth Kulkarni, PhD. “I am very impressed with the work the team has completed to date and believe they are well positioned to deliver on the immense promise of their programs moving forward.”

ORKA-001 is a novel, subcutaneously (SQ) administered, half-life extended monoclonal antibody targeting IL-23p19. Inhibitors of IL-23p19 have become the preferred first-line therapy for patients with moderate-to-severe plaque psoriasis given their strong efficacy and safety profile. Currently approved therapies are dosed four to six times per year and deliver PASI 100, or fully clear skin, for less than half of patients after four months. ORKA-001 has the potential to be dosed just once or twice a year and is designed to achieve higher exposures than currently marketed IL-23p19 antibodies, which could lead to higher rates of disease clearance.

ORKA-002 is a novel, SQ administered, half-life extended monoclonal antibody targeting IL-17A/F. Dual inhibition of IL-17A and F has resulted in high PASI 100 rates in psoriasis and is ideally suited to patients with concurrent psoriatic arthritis (PsA) or recalcitrant skin disease. IL-17A/F inhibition has also shown promising efficacy in other diseases such as hidradenitis suppurativa (HS) and axial spondyloarthritis (axSpA). ORKA-002 is designed to provide patients an option with substantially less frequent dosing, while offering similar levels of disease clearance compared to currently marketed agents.

About Oruka Therapeutics

Oruka Therapeutics is developing novel biologics designed to set a new standard for the treatment of chronic skin diseases. Oruka’s mission is to offer patients suffering from chronic skin diseases like plaque psoriasis the greatest possible freedom from their condition by achieving high rates of complete disease clearance with dosing as infrequently as once or twice per year. Oruka is advancing a proprietary portfolio of potentially best-in-class antibodies that were engineered by Paragon Therapeutics and target the core mechanisms underlying plaque psoriasis and other dermatologic and inflammatory diseases. For more information, visit  www.orukatx.com and follow Oruka on LinkedIn.

Forward-Looking Statements

Certain statements in this press release, other than purely historical information, may constitute “forward-looking statements” within the meaning of the federal securities laws, including for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, express or implied statements relating to Oruka’s expectations, hopes, beliefs, intentions or strategies regarding the future of its pipeline and business including, without limitation, Oruka’s ability to achieve the expected benefits or opportunities with respect to ORKA-001 and ORKA-002, including the expected timelines for first in human dosing and interim data from such trials, the ultimate profile of products from each program and the potential of ORKA-001 and ORKA-002 to become best-in-class drugs. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are based on current expectations and beliefs concerning future developments and their potential effects. There can be no assurance that future developments affecting Oruka will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Oruka's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those uncertainties and factors described under the heading “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Oruka’s most recent filings with the SEC (including its S-4 Registration Statement). Should one or more of these risks or uncertainties materialize, or should any of Oruka’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth therein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Oruka does not undertake or accept any duty to make any updates or revisions to any forward-looking statements.

Investor Contact: Alan Lada (650)-606-7911 [email protected]

8,000 IITians remain unemployed; IIT Bombay graduates’ minimum pay drops to ₹4 LPA

Iit bombay's 2023-24 placement report shows 75 per cent of students secured jobs, with an average ctc of inr 23.5 lpa and a 7.7 per cent salary increase. the number of recruiting companies rose by 12 per cent to 364..