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Course info


We seek highly motivated individuals with an appropriate academic background (generally a Distinction at MSc level in a finance-related subject) from a good university. We encourage applied and relevant research and our strong connections with many financial firms allow students to gain industry experience during their doctoral research, if they wish. Biographies of and some papers written by, our current PhD students can be viewed here.

We offer funding for up to 10 PhD studentships of full fees plus up to £15,000 living allowance. All scholarships are awarded for 1 year and are renewable for another 2 years, subject to progress. Successful candidates will receive research training, will be required to take relevant University courses on teaching and embed that learning by acting as teaching assistants.

Recent PhD graduates have secured academic positions at UK Universities such as Oxford, Manchester, Kings College London, Cardiff, Bath, Sussex, Surrey and East Anglia. Academic roles have also extended to international universities such as ESCP Europe, Hamburg, University College Dublin and Goethe University of Frankfurt.

PhD graduates have taken industry positions at employers such as Allianz, Barclays, Credit Suisse, Deloitte, Deutsche Bank, London Business Bank, NAFMII, Oxford Risk and Sociovestix Labs.

Course options

Here are the different ways in which you can study PhD in Finance.

Full Time (3 years)

Tuition fees

To be confirmed




ICMA Centre (University of Reading)




RG6 6BA, England

Entry requirement for international students

The key requirements for a successful application are: Top grades in your Masters degree (minimum requirement is Merit or equivalent, but we prefer Distinction); Top grade in your Masters Dissertation (or equivalent research-based piece of work) because this may show your research attitude and skills. Students should have IELTS (British Council International English Language Test): Score of 6.5 overall with no component less than 6 when attending the 6-week pre-sessional English course offered by the University of Reading. Entry to this pre-sessional course with a score of 6.5 fulfils your English language requirement. Please note that students not attending a Pre-Sessional course will need to pass IELTS with an overall score of 7 and no component less than 6.0 and TOEFL (Test of English as a foreign language): Overall score of 100 with no less than 20 in Listening, Writing and Reading and 21 in Speaking.

* Please check with your chosen school for the exact entry requirements for your programme.

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