PhD program

PhD in business administration with specialization in finance

Are you curious about how financial markets operate, how corporations make financial decisions, or how to manage risks in a portfolio? Stockholm Business School offers a competitive doctoral program in business administration, with specialization in Finance. 


Program content

The PhD program at SBS spans four years of studies, including approximately 1.5 years course work and 2.5 years thesis work. You are assigned two supervisors who guide you through the program.

The courses for students who specialize in finance typically include a few courses offered at SBS, but most courses are taken at the SU economics department, at the Swedish House of Finance, and at partner universities in the Nordic Finance Network (click the links to see current course offerings). The course program is tailored to your profile and decided in agreement with your supervisors.

Doctoral theses written with the specialization in finance typically consist of a set of academic articles. For examples of what a thesis may be about, click here to read about what our current students do. 

Many students also choose to teach during their PhD studies, but this is optional. 


The PhD position is fully funded and the selected student is paid a monthly salary. The position takes the form of a temporary employment for a maximum of four years of full-time study, conditional on that the studies proceed according to plan.


The general period of opening for PhD positions is in the month of January. Currently advertised PhD positions at Stockholm University are listed here.

An important part of your application is the research proposal. Your proposal should outline and motivate a research idea, supported with references to the academic literature. For inspiration about possible topics, you can read more about the current research at SBS Finance here

More information

To learn more about the formalities of the program, click here, or follow the link to the general syllabus below. To get a better understanding of the life as a PhD student at SBS Finance, read the stories told by our current and previous students below.

Finance books

Life as a PhD student at SBS Finance

As a PhD student at SBS Finance you are part of a friendly community and an international research environment.

Current PhD students

Current PhD students

SBS currently has five doctoral students in Finance. Here you can read what research two of them do, and what they think of the program.

Alumni from SBS Finance

What happens after the PhD?

Students who graduate with a PhD from SBS Finance go on to careers in academia, financial regulators, and the financial industry.

Contact doctoral programme

For further information please contact Director of Graduate Studies: Professor Björn Hagströmer, or the Coordinator of Doctoral programme: Helene Olofsson