Wednesday, February 20, 2008


The Department of Financial Economics BI, The Norwegian School of
Management Oslo, Norway

1. Financial Assistance

The Department of Financial Economics has available a number of PhD
stipends starting in September 2008. The stipends are for a four year
period and offer NOK315,000 per annum (approx. US$55,000) and also cover
tuition fees. Each stipend contains a 35 hour per year teaching duty
which usually consists of teaching assistant work. Academically
excellent students should have a MSc in Finance or closely related subject.

2. Program Structure

The PhD in Finance is taught entirely in English and is structured such
that the first year of study covers course work and exams (60 ECTS
credits). The Department of Financial Economics plans to offer the
following courses in the 2008/2009 academic year: Asset Pricing Theory,
Empirical Asset Pricing, Corporate Finance Theory, Market
Microstructure, and Advanced Topics in Finance. In addition, we are a
member of the Nordic Finance Network (NFN)
( which coordinates schools in
the Nordic area offering PhD courses in finance. Through the network it
is possible to visit other schools for a short period in order to
undertake courses. We also actively encourage students to take longer
periods of study at top class institutions around the world.

3. About the Department of Financial Economics

The Department of Financial Economics is committed to excellence in
research. Currently we have thirteen faculty members in research
positions. Faculty members have published in, amongst others, the
Journal of Finance, Journal of Financial Economics, Review of Financial
Studies, Journal of Financial and Quantitative Analysis, Journal of
Business, and the Journal of Political Economy. A detailed list of
publications along with links to faculty homepages can be found at: Based in publications the
department ranks as one of the top finance departments in Europe.

4. Application Procedure

Application forms are available at Applicant
are required to submit the following: completed application form,
description of planned research work, CV, copies of letters of
reference, copies of awarded degrees along with grades. Admission to the
program is determined after consideration of each candidate’s
qualifications. Applications must be submitted by the 28th of March and
emailed directly to:

Professor Richard Priestley Department of Financial Economics Norwegian
School of Management Nydalseveien 37 N 0484 Oslo Norway Email:
richard.priestley @ Phone: +47 46410515