The finance PhD program at New York University's Stern School of Business is one of the finest and most competitive programs in the world. The program's curriculum is designed to provide a world-class education in the theory of finance and the key issues concerning financial management and financial markets.

The finance faculty, ranked third in the United States in the US News & World Report 2001 survey, consists of 40 plus researchers who cover all major areas of finance. In addition to being the largest finance faculty in the country, it is also one of the most productive. Stern's finance faculty is highly rated in terms of research output, and faculty members sit on the editorial boards of all the major finance journals.

The size of the faculty and the resources devoted to the PhD program enable the department to offer an exceptionally large range of courses devoted exclusively to PhD students. Apart from first-year PhD courses in asset pricing, corporate finance, empirical finance, and continuous-time modeling, advanced students can choose from a range of advanced electives in these fields and others such as market microstructure, investments, derivatives, banking, and corporate governance. PhD students also enjoy the benefit of NYU's world-class economics department and the Courant Institute of Mathematics.

Our faculty's deep commitment to basic research and their interest in current professional practices and issues make our program exceptional in terms of its rigor and depth. Recent placements of Stern's finance PhDs include Stanford, Wharton, Harvard, Yale, and the London Business School.