MSc specialization in Finance
The Finance Phd program at Tilburg University has two phases: a preparatory Research Master combining intensive coursework and research that culminates in the writing of a Research Master Thesis (which could later be built out into a chapter of the PhD thesis); and an advanced phase in which students devote all their time to research, at the end of which they complete their PhD dissertation. Most Research Master students are funded by grants given by CentER. PhD students are employees of the University and receive a gross salary of 83000.
Students who have not done graduate work in Finance or Economics before joining the program complete the Research Master in two years. The first year consists of Economics and Econometrics courses preparing the student to specialized work in Finance. The second year is devoted to the Finance Core (four advanced courses in Asset Pricing and Corporate Finance), a few elective courses, and the writing of a Master Thesis. Students who have done graduate work before joining the program are admitted directly in the second year.
After completing the Research Master, students are eligible to start the PhD phase of the program, which typically lasts three years. Supervision during this phase is very close: students often co-author no less than two papers with their supervisors, and write at least one single-author paper under their supervisor’s guidance. Our seminar series (the department hosts over 30 seminars a year with leading scholars from the US and Europe) exposes students to cutting-edge research in all areas of Finance.
Students in the second year of the PhD spend one semester visiting a top University abroad, funded by CentER. These visits provide an early exposure to the international academic scene, create new opportunities of co-authorship, and enrich the students’ network of contacts. Our students have visited Harvard, Yale, London Business School, Caltech, among others.
Most of our PhDs find jobs in Academia. We have a very successful history of placements at top universities in Europe and America, among them Chicago GBS, Toronto Rotman, Cambridge, HEC Paris. Our graduates also show an excellent record of publications, many of them publishing chapters of their theses in top journals shortly after graduation.
Career Perspective MSc specialization in Finance
If you follow the Research Master's program in Business - be it accounting, finance, information management, marketing, operations research, or organization and strategy - you are prepared to continue in a PhD program. More than 75% of the graduates continue at a PhD position at either Tilburg University or another university. 25% of the graduates start a professional career, mostly in the consultancy or financial sector.
The Research Master's program in Business in combination with the subsequent PhD studies enable our students to find jobs at universities around the world, at research institutes or in the banking and consultancy sectors.
In the PhD phase, most accepted PhD students become university employees earning a gross salary over more than Euro 85000 over three years and are granted pension rights.