John Cochrane, "Asset Pricing", Princeton University Press, 2nd Edition
Research Topics in Finance I (2 SWS, 6 ECTS, WS)
This course explores classic and current academic research on Financial Intermediation. It targets PhD and Master students who are currently looking for a topic for their own thesis. The course starts with a lecture-style presentation of the overarching research themes in the literature. Seminar participants will then present and discuss classic papers, as well as current unpublished papers that are still being presented at conferences.
: | "Advanced Financial Economics" (PhD level) or equivalent knowledge |
: | in the first session |
: | Seminar paper (100 %) |
Research Topics in Finance II (2 SWS, 6 ECTS, SS)
Discussion of current research topics in financial economics.
: | Seminar paper (100 %) |
Finance Research Seminar (2 SWS)
This seminar is a series of research seminars given by external guests in the areas of finance and accounting. For the current seminar schedule click here .
Finance Reading Group (2 SWS)
Discussion of the research presented in the Finance-Accounting Research Seminar and other current events.
Finance Brown Bag Seminar (2 SWS)
In this seminar PhD students present their own work in an informal athmosphere.
Other recommended Elective Courses
· Microeconometric Evaluation Methods (Caliendo (Uni Potsdam), 6 ECTS)
· Applied Econometrics (Gassen/Wagner (ESMT), 9 ECTS)
· Time Series Analysis (Droge, 9 ECTS)
· Analysis of Panel Data (Droge, 9 ECTS)
· Applied Microeconomics (Steiner, 6 ECTS)
· Structural Econometrics: Discrete Choice Methods with Simulation (DIW, 6 ECTS)
· Structural Econometrics in Labor and IO (DIW, 6 ECTS)
· Introduction to Policy Analysis and Policy Advice (DIW, 9 ECTS)
· Empirical Accounting Research (Gassen/Olsson (ESMT), 6 ECTS)
In cooperation with the graduate school of economics, finance, and management (gsefm).
The GSEFM offers a quantitative and research-oriented education featuring the structures of premier anglo-saxon graduate programs. Together with SAFE, it provides an environment where students can benefit from a unique research group in Finance spanning a wide range of topics as well as from the location in Frankfurt, the primary center for financial markets and central banking in continental Europe. The program does not charge tuition fees.
The GSEFM Ph.D. Program in Finance consists of two years of doctoral coursework with a qualifying examination at the end of the first year. Core courses in financial economics, econometrics, and mathematical methods (first year) and two to three elective courses (second year) ensure that students acquire a thorough knowledge of the theory of Finance before beginning their own research.
The Leibniz Institute for Financial Research SAFE, based at the same premises at Goethe University’s House of Finance, offers funding for the entire program to excellent applicants for the Ph.D. Program in Finance as well as to those for the Program in Economics who pursue financial economics as one field in their studies. Funding includes a scholarship of monthly €1,300 in the first program year and, conditional on passing the preliminary exams, an ensuing work contract as research assistant with sufficient time allocation to work on the thesis.
SAFE – short for Sustainable Architecture for Finance in Europe – is dedicated to interdisciplinary research on the financial markets and their players in Europe as well as to research-based, independent policy advice. It is committed to contributing to a sustainable and resilient financial system that promotes innovation and serves the needs of the economy and the society.
The GSEFM education combined with research work at SAFE offers exceptional global career opportunities in academia, international organizations, or financial regulation. ( List of recent placements )
SAFE aims to increase the proportion of female scholars among its research staff and will therefore give preference to female applicants in case of equal qualification.
Interested? Please visit the GSEFM website for more information on the Ph.D. in Finance and admission requirements . Please follow the instructions on the GSEFM website on how to apply and make sure you choose SAFE as first preference under the header "Application for Financial Aid" in the application form.
Do not send applications directly to SAFE. Only applications submitted via the GSEFM/Goethe University admission portal will be considered in the application process.
Download the fact sheet PhD in Finance/Economics, fully funded by SAFE
Deputy scientific director, director research department "financial markets".
The Ph.D. Program in Finance at GSEFM is designed to ensure that students acquire a thorough knowledge of the theory of finance, of econometric and computational methods, as well as the structure of modern financial markets, before beginning their own research under faculty supervision. In the first year of the program, students attend core courses in financial economics, econometrics, and mathematical methods. Furthermore, students attend courses in microeconomic or macroeconomic theory. At the end of the first year of studies, students must pass qualifying examinations in finance, econometrics, and microeconomics or macroeconomics. In the second year of the program students complete field courses in two to three fields of their choosing and begin to work on their own research. All students are required to have a faculty advisor by the end of their second year in the program. The role of the faculty advisor is to help the student to make the transition from coursework to research and to identify suitable dissertation topics. By the end of their third year in the program students will need to have completed their first research paper. The dissertation is completed in the fourth year of the program. The dissertation must be a major piece of research, and its chapters must have the potential for publication in an international scientific journal.
First-year students in the MSQ Program in Quantitative Finance enroll in the same set of courses as the first-year Ph.D. Program in Finance students. If completing their first year of studies with strong success, the MSQ Program in Quantitative Finance students are then eligible and strongly encouraged to join the Ph.D. Program in Finance from their second year of studies onwards. The MSQ Program in Quantitative Finance is completed with a Master thesis written in the final months of the second year of studies.
Pre-Semester: Mathematics, Statistics and Econometrics
First Semester: Advanced Econometrics 1 (8 CP), Advanced Financial Economics 1 (8CP), Advanced Macroeconomics 1 (8 CP) or Advanced Microeconomics 1 (8 CP), Mathematical Methods (8 CP)
Second Semester: Advanced Econometrics 2 (8 CP), Advanced Financial Economics 2 (8 CP), Advanced Macroeconomics 2 (8 CP) or Advanced Microeconomics 2 (8 CP), Programming Languages (4 CP)
Qualifying Examinations
First Semester: Field Courses, Workshop Attendance
Second Semester: Field Courses, Seminar, Workshop Attendance
Fields Offered:
Development and International Economics (including Cross-Country Studies, Development Microeconomics, Economic Growth, International Trade)
Econometrics (including Bayesian Econometrics, Dynamic Panel Models, Econometrics of Duration and Transition Data, Long Memory in Time-Series, Non-Parametric Econometrics)
Finance (including Asset Pricing, Corporate Finance Theory, Empirical Banking, Household Finance, Option Pricing, Taxes and Finance)
Macroeconomics (including Consumption and Saving, Economic Growth, Family Macroeconomics, Household Finance, Monetary Theory and Policy, Monetary and Fiscal Policy, Numerical Methods in Macroeconomics)
Marketing (including Bayesian Modelling for Marketing, Customer Management and Social Media, Pricing and Online-Advertising, Structural Models and Competition)
Microeconomics and Management (including Behavioral Auction Theory, Behavioral Economics, Decision Making under Risk and Ambiguity, Economics of Taxation, Empirical Labor Economics, Empirics of Contracts, Experimental Economics, General Equilibrium Theory: History, Incentives in Organizations, Intergenerational Economics, Modeling Group Behavior Using Game Theory, Taxes and Finance)
Historical and Normative Foundations of Economics (including History of Economic Thought, Normative Foundations)
Seminar |
Workshop Attendance |
Independent Studies Course (Teaching Skills) |
Third-Year Research Paper |
Workshop Attendance |
Job Market Course |
Thesis Defense |
During either the third or fourth year in the program, students may spend one or two semesters abroad for a research stay at an internationally top ranked Ph.D. program. Such stays are facilitated by the faculty advisor.
The details of the course offerings will differ somewhat from year to year, depending on the faculty member teaching the course in question. The following list summarizes typical first-year course contents. For more details on these courses in any given year as well as the field courses, it is best to consult the course syllabi typically retrievable on individual faculty members’ websites.
Mathematics and Statistics: real analysis, multivariable calculus, linear algebra, linear difference equation systems, introduction to MATLAB, static optimization, statistics, introduction to STATA, linear regression with STATA. |
Advanced Econometrics 1: fundamentals of linear regression (OLS, SUR, 2SLS, 3SLS, GMM, QML), cross-section regression models with limited dependent variables, static panel data models. |
Advanced Financial Economics 1: corporate finance, credit constraints, moral hazard, adverse selection, asymmetric information, Diamond/Dybvig model, market for corporate control |
Mathematical Methods: probability theory, measure theory, stochastic processes, topology, difference and differential equations, dynamic optimization, numerical methods |
Advanced Macroeconomics 1: dynamic optimization in models with representative and with heterogeneous agents, consumption, investment, saving and financial markets. or |
Advanced Microeconomics 1: theory of the household, theory of the firm, decisions under uncertainty, market equilibrium, static and dynamic games under alternative information structures. |
Advanced Econometrics 2: integration and cointegration, single and multiple equation time-series models (ARMA, ARDL, VAR, VECM), spectral analysis, conditional heteroskedasticity. |
Advanced Financial Economics 2: basic equilibrium asset pricing, models with heterogeneous agents or non-standard preferences, introduction to stochastic calculus and continuous-time modeling, option pricing, asset allocation, equilibrium asset pricing in continuous time, asset pricing in production economy models. |
Programming Languages: major methods of programming (such as Python, R, and C) applied to research, specifically data analysis, in economics and business. |
Advanced Macroeconomics 2: structure of DSGE models, monopolistic competition and pricing, strategic complementarities, optimal monetary and fiscal policy, learning. or |
Advanced Microeconomics 2: contract theory (moral hazard, adverse selection, mechanism design, incomplete contracts), general equilibrium theory, welfare economics, externalities. |
More about our PhD Program and our Research Associates Program
INSIGHTS aims to build a bridge between academia, policy makers and the wider public.
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General information
The Berlin School of Economics PhD Program provides outstanding doctoral students with a vibrant, intensively networked research community. The program develops the students’ talents in a unique combination of a high-level, academic research environment together with applied, policy-oriented research opportunities. Students receive state-of-the-art coursework training and can select from a wide array of specializations. For each specialization, a professional research environment is provided by Berlin’s universities and economic research institutes.
How to apply
Course catalog
All PhD tracks offered in the PhD Program share the same structure and general curriculum. The program’s curriculum is divided into a qualification and a dissertation phase:
During the qualification phase (about three semesters), students acquire methodological and research-oriented training in mandatory course work in economic theory, applied economics, business studies, econometrics, and economic policy. Students define their research area and find supervisory support from two supervisors. They write research proposals that are discussed with faculty members individually and in seminars in order to provide early feedback on the scientific potential of research ideas. This is a central part of the PhD Program, in which the students have full flexibility in the choice of their research topics and of the supervisors. During this phase, students are funded through stipends that allow for this flexibility. In total, students have to complete a minimum of 90 ECTS credits in order to finish the qualification phase of the program.
During the subsequent dissertation phase (about three years), students write a doctoral thesis while having the opportunity to apply their knowledge in the professional research environment that is provided at the Berlin universities and research institutes participating in the Berlin School of Economics. In this phase, students are typically employed at their supervisor’s chair or in research groups at research institutes.
The PhD will be awarded by one of the institutions in the Berlin School of Economics with the right to award doctoral degrees. In most cases, the PhD is awarded by the institution the student’s first supervisor is affiliated with.
The following chart gives an overview of the general structure of the PhD Program:
Application to one of the four PhD tracks | ||
(semesters 1 - 3) | ||
(semesters 4 - 10) | ||
Hand-in and defense of the thesis Placement |
This guide includes academic advices from the researchers of the Berlin School of Economics.
Special thanks to the INSIGHTS Team, researchers of Berlin School of Economics, Agne Kajackaite, Aleks Zaklan, Alexander Kriwoluzky, Ally Xin Lin, Annekatrin Schrenker, C. Katharina Spieß, Christian Basteck, Ciril Bosch-Rosa, Dorothea Kübler, Francis de Véricourt, Georg Weizsäcker, Gyula Seres, Hande Erkut, Hannes Ullrich, Jana Hamdan, Levent Neyse, Lisa Bruttel, Lutz Weinke, Mira Fischer, Müge Süer, Nikolaus Wolf, Peter Haan, Robert Stüber, Sebastian Schweighofer-Kodritsch, Simone Maxand, Vincent Meisner, and Pablo Brañas-Garza.
You can download the web version
or print the printable version
Also note the compiled information on our website about support and resources, for example Mental Health.
Qualification phase (year 1 & 2) | Courses: 45 ECTS in total | |
---|---|---|
Electives: 45 ECTS in total | ||
Dissertation phase (year 3 - 5) | ||
Hand-in and defense of the thesis, placement |
Germany is an excellent destination for both young and experienced researchers.
The European country is third behind the U.S. and China for research & development expenditure . Plus, it is home to some of the most prestigious (and affordable!) research universities in the world.
If you’re considering doing a PhD in Germany, you will need to follow these steps:
The main steps to doing a PhD in Germany:
If you’re not yet sure if you should choose Germany for your PhD studies, here are some compelling reasons why you should consider it:
From finding the perfect program for you to submitting your application and starting your PhD, here are all the steps you need to take:
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After all the years of studying leading up to this step, you most likely have a few areas of interest you want to do your research in.
This is the first important step: define your research focus by considering your interests and academic background. If you need more help, you can consult online resources from research universities. Or, even better, you can discuss your decision to pursue a PhD with academic communities online or offline and seek advice from current PhD students in Germany who can tell you more about their individual experiences.
If you already know what your research direction is, you can begin searching for suitable programs right ahead.
You will also have to find a supervisor. The best way to do this is to go to university websites and find faculty directories with profiles of professors and their research fields/current projects. Contact professors whose work aligns with your interests via email to inquire about supervision opportunities.
> Search PhD programs from 31,000 research institutions listed on the GERiT database .
There are two different paths you can take when pursuing a PhD: individual PhD programs and structured PhD programs. Each comes with its own set of advantages and requirements.
Individual doctorates are the most common and what is considered the more ‘traditional’ PhD route in Germany, especially in humanities and social sciences. They are flexible and you’re expected to take charge of your work. You are responsible for finding your supervisor (“Doktorvater” or “Doktormutter”) and proposing your research topic. These programs don’t have a fixed curriculum, so you’ll have plenty of freedom to design your research timeline and choose the coursework you like. To succeed, you need a lot of self-discipline and to actively network, be it in doctoral candidate meetings or events related to your research. | Structured PhD programs are ideal for people who want a clear path to completing this degree, although they’re not as common in Germany. It usually takes three to five years to complete a structured PhD path. They are called such because they include a curriculum and research proposal that has to fit an existing project, within a set timeline for coursework and research. Candidates work under the supervision of an advisor and collaborate with peers from different disciplines to get the best possible results. |
Requirements and application documents to apply for a PhD in Germany are specific to the institution and research area you’re applying to. But, as a general guideline, you should prepare the following:
After finding a suitable PhD program and mentor, and making sure your academic qualifications are recognized, you can send in your application.
You can send in your application online or by post, depending on the hosting institution’s preferences. To make sure, check their guidelines and specifications. Admission committees are selective, so you may also have to attend an interview soon in the application process.
You must demonstrate access to a minimum of €992 per month (€11,908 per year) to meet visa requirements and live comfortably while you’re in Germany. You can prove this through an admission agreement or relevant PhD contract, or you can open a blocked account with individual funds.
There are many ways to support yourself financially while pursuing a PhD in Germany:
> Read more about the costs of studying in Germany.
> Discover PhD scholarships in Germany.
If the institution confirms your place in the PhD program, next in line is applying for a student visa or residence permit. The requirements for a German PhD visa or permit can vary depending on your nationality and circumstances:
If you’re a citizen of the European Union (EU), the European Economic Area (EEA), or Switzerland, you don’t need a special permit or visa for a PhD in Germany. You can enter the country for research and work purposes with a valid passport or ID card.
Otherwise, you will need a visa and/or a residence permit to do your PhD in Germany. Nationals of some countries, including the United States, Australia, Israel, Japan, and Korea, don’t need a visa but must apply for a residence permit.
Depending on the circumstances, you need one of the following visas:
If you come to Germany on a visa, you will need to apply for a residence permit within three months of arrival. This also applies to nationals of countries outside the EU, EEA, and Switzerland who are exempt from the visa requirement.
You can apply for one of the following residence permits:
> For more specific information tailored to your situation, we recommend contacting the German embassy or consulate in your home country. You can also use this visa navigator.
The most exciting step of all is near—time to unpack your bags and begin your life as a PhD student or researcher in Germany. Once you’re settled in, there are some formalities you need to take care of.
The international office at the university or another representative can guide you best on this. However, here are some of the main things you need to do once you arrive in Germany:
Shortly after your arrival, you must register your residence at the local registration office (Einwohnermeldeamt or Bürgeramt). This is mandatory, and you typically have a window of two weeks to complete this process.
Everyone in Germany is required by law to have health insurance coverage. This includes international PhD students. Depending on the source of your funding, you are eligible for one of the following health insurance coverages:
There are some exceptions in which you can use your insurance from your home country. These apply to students from a European Union (EU) country or other countries with social security agreements with Germany.
You should open a German bank account as soon as possible. Most financial transactions in Germany, including receiving your stipend or salary, are done through a German bank account.
If your PhD program is part of a university degree, you need to enroll as a student at the university. Follow your university’s instructions to submit the necessary documents to the enrollment office. These usually include your admission letter, passport, proof of health insurance, and semester fee.
After you complete this process, you will receive an Enrollment Certificate (Immatrikulationsbescheinigung). This is a very important document that you most likely need in the future.
There’s a lot of planning involved if you’re considering doing a PhD, especially if it’s in a foreign country. We’re sure you’ve got more questions, and we’re here to help.
A PhD in Germany usually takes between three to six years to complete. Just like in other countries, it can take longer or shorter than expected, depending on several factors. The type of PhD you choose (structured programs can be more rigid), your subject area, and individual progress can all make a difference in the time it takes to get a PhD in Germany.
The majority of PhD programs in Germany are tuition-free, at least for the first six semesters. However, if need to enroll at a university for your PhD, there is a small semester fee you need to cover. The fee can be higher or lower depending on the university, but it usually falls within the range of €100 to €350.
You don’t necessarily have to know German to do a PhD in Germany. In fact, most PhD programs in Germany are in English, especially in fields such as science, engineering, and humanities. In these programs, you can both write your thesis and communicate with your advisor and peers in English.
There is of course the chance that the program you’ve chosen is in German or requires knowledge of German (in most cases, in addition to English). In this case, you have to prove your proficiency through a recognized language certificate or proof of previous studies in German.
Even if German isn’t mandatory, we strongly encourage you to learn the basics. They will be super helpful in daily interactions and getting accustomed to life in Germany.
Most PhD candidates in Germany receive financial support in the form of a salary or grant. This includes candidates affiliated with universities, research institutes, or company collaborations.
The majority of doctoral positions are structured under either the Collective Agreement for Civil Service TVöD (Tarifvertrag für den öffentlichen Dienst or the Collective Agreement for the Civil Service of Individual Federal States TV-L (Tarifvertrag der Länder). Since universities are funded by their respective federal government, if your PhD is affiliated with one, your salary will be structured under the TV-L.
Doctoral positions fall within the TV-L 13 category, with a salary range spanning from €4,188 (Tier 1) to €6,037 (Tier 6). The difference between the tiers (Stufe) depends on prior experience in the field. If you don’t have any research experience, you will fall under Tier 1 and progress to the other tiers throughout your PhD.
Your salary will ultimately be determined based on a wage agreement that specifies the contract tier (Stufe) and working hours (percentage-based). Many entry-level PhD students start with tier 1 contracts that are not full-time. For example, if your contract places you in Pay Group E-13 Tier 1 of the TV-L and you work at 75% capacity, your monthly gross salary will be €3,141.
> Learn more about pay ranges for PhD students using this convenient calculator .
Part-time work is an option in most cases unless it’s strictly stated otherwise in your contract. Whether or not you are allowed to work on the side as a PhD in Germany depends on the working hours stated in your PhD contract, supervisor, and other specific circumstances.
However, since the PhD is considered a job in itself, it’s usually frowned upon to have a side hustle. Even if you have a 50% contract, a PhD is demanding and requires long hours of work and research. If you choose to work on the side, make sure to find the right balance between work and your PhD commitments. To be on the safe side, it’s best to talk to your supervisor and go over all the legal and contractual obligations related to your PhD.
Here are the main steps to defending your PhD thesis in Germany:
Career prospects after a PhD in Germany are quite promising.
The most common paths for PhD holders in Germany are either in academia as professors or post-doctorate researchers or in industry positions.
Technology, healthcare, and finance, in particular, are some of the most in-demand industries in Germany. The country’s strong economy and research-oriented environment make it an attractive place to develop your career.
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When considering a PhD in Germany , you’ll encounter a diverse and globally recognised academic environment rich in opportunities for research and academic growth. To apply, you’ll typically need a Master’s degree or equivalent , and language requirements vary by program. Germany offers internationally-oriented structured PhD programs , which last three years and include compulsory units for ECTS credits. You’ll work closely with a PhD supervisor and research training group. As an international candidate, you’ll find various scholarships and grants to support your studies. With tuition fees waived at public universities and diverse PhD programs often taught in English, Germany provides an ideal destination to study abroad.
Germany offers many compelling reasons to pursue a PhD:
In short, Germany provides an ideal environment for pursuing a PhD, combining academic excellence, affordability, strong funding support, and promising career prospects in both academia and industry.
Academic environment.
The research culture in Germany places a strong emphasis on independent research and critical thinking, with high expectations for original contributions to your field. Students regularly participate in seminars and colloquia to present and discuss their ongoing research. Supervision tends to be less structured than in some other countries, with regular meetings with supervisors but an expectation that students will take significant initiative in their work. Being part of a research group often offers additional opportunities for collaboration.
German universities are well-equipped with extensive digital resources and state-of-the-art laboratories. Students also have numerous opportunities to attend and present at international conferences. While many PhD programs, especially in STEM fields, are conducted in English, learning German can greatly enhance your overall experience and career prospects.
Germany is known for valuing a healthy work-life balance. PhD students typically work 38-40 hours per week and enjoy generous vacation time, usually around 30 days per year. Most PhD students live in shared apartments (WGs) or student dormitories, with rent in major cities ranging from €300 to €800 per month. The country boasts excellent public transportation systems, and many students use bicycles for daily commuting. Often, a student ID includes a public transport ticket for the local area.
The social life for students in Germany is vibrant, with active student communities organising regular events and activities. There are numerous opportunities to join sports clubs, cultural groups, and student organisations, along with international student networks that offer support and socialising opportunities.
Many PhD positions in Germany are funded, providing a salary rather than requiring tuition payments. Typical monthly salaries range from €1,500 to €2,500 before taxes. Additional funding opportunities are available through scholarships and research grants. Average monthly expenses, including rent, range from €850 to €1,000, and health insurance, which is mandatory, costs around €80 to €100 per month. Students can also take advantage of various discounts for cultural activities and museums.
German universities offer robust support services for abroad students. International offices assist with visa processes, accommodation, and integration, providing orientation programs and language courses. Career services offer guidance on job searching and career development, organising career fairs and networking events. Mental health support and counseling services are also available, ensuring access to quality healthcare through the German health insurance system.
While navigating German bureaucracy can be challenging, patience and attention to detail can help manage administrative processes. Initial culture shock is common but typically subsides over time, offering the opportunity to experience German culture and traditions firsthand. Building an international network of researchers and professionals is a significant benefit, with potential collaborations with industry partners. The strong job market for PhD graduates, especially in STEM fields, is an added advantage, and the option to stay in Germany for job searching after graduation (with an 18-month visa extension) provides further opportunities.
In Germany, doctoral candidates can choose between Individual Doctorates and Structured PhD Programs. The Individual Doctorate remains the most common path, chosen by over 75% of doctoral students, while Structured PhD Programs are gaining popularity, especially among international students, with about 25% opting for this route.
Supervision and Structure : Individual Doctorates are characterised by their flexibility and self-directed nature. Candidates are supervised by a single professor, known as the Doktorvater or Doktormutter, and the research process is highly flexible. This approach demands a high degree of personal initiative and responsibility, with no fixed curriculum or mandatory coursework.
Research Focus and Duration : In this model, candidates often propose their own research topics, enjoying greater freedom in choosing their research direction and methodology. The duration of an Individual Doctorate typically spans 5-6 years, though there’s no strict timeframe as it depends on individual progress and the specific research project.
Funding and Employment : Individual Doctorate candidates often work as part-time research associates at universities. However, they may need to secure their own funding or scholarships, which requires proactive effort on the part of the doctoral student.
Supervision and Structure : Structured PhD Programs offer a more defined approach to doctoral studies. Candidates are supervised by a team of advisors and follow a predefined curriculum. This model includes regular progress checks, guidance, and mandatory coursework, seminars, and colloquia.
Research Focus and Duration : Research topics in Structured PhD Programs often align with existing program themes or research groups, and candidates may be part of larger research projects or collaborations. These programs are usually completed in 3-4 years, following a more defined timeline due to their structured nature.
Funding and Additional Benefits : Structured PhD Programs often come with funding or stipends and may offer more opportunities for paid doctoral positions. They also provide training in academic and scientific methods, as well as opportunities to develop soft skills such as presentation techniques.
International Orientation : While Individual Doctorates can be conducted in German or other languages depending on the field and supervisor, Structured PhD Programs often have a strong international orientation and frequently use English as the primary language.
Networking and Collaboration : Structured PhD Programs offer extensive opportunities to broaden research networks and encourage collaboration with peers and interdisciplinary work. In contrast, networking in Individual Doctorates depends largely on individual initiative, with fewer built-in opportunities for peer collaboration.
The entry requirements for undertaking a PhD in Germany are generally similar for both home and international students, with some additional steps for international applicants.
Here are the specific requirements:
The application process for a PhD degree in Germany can vary depending on whether you’re pursuing an individual doctorate or a structured PhD program, and whether you’re a home or international student.
Here are the key steps and requirements:
International students face some additional steps and requirements:
Structured programs often have a more formalised application process:
For individual doctorates, the process is more flexible:
Remember that the specific requirements and processes can vary between universities and programs. Always check the official website of the institution you’re applying to for the most up-to-date and accurate information.
The costs of pursuing a PhD in Germany are generally similar for both home and international students, with a few key differences:
Breakdown of Monthly Expenses (approximate)
In short, the main costs for PhD students in Germany are living expenses, as tuition is generally free. The overall experience is affordable compared to many other countries, especially considering the lack of tuition fees. International students should factor in additional costs for visa applications and potentially language courses. However, with many funded positions available, pursuing a PhD in Germany can be financially viable for both home and international students.
Many PhD positions in Germany are funded, offering a salary (of typically €1,500-€2,500 per month before taxes) rather than requiring payment of fees.
The main funding sources and opportunities for PhD students in Germany include:
As of 2024, the top universities in Germany for PhD study in STEM subjects include:
Technical University of Munich (TUM)
Technical University of Berlin (TU Berlin)
Karlsruhe Institute of Technology (KIT)
RWTH Aachen University
Technical University of Dresden
When choosing a university for PhD study, prospective students should consider factors such as:
Prospective PhD candidates should thoroughly research potential supervisors and reach out to them directly to discuss research opportunities before applying to a program.
Your journey to PhD study in Germany awaits. With its exceptional research landscape, structured programs taught in English, and excellent funding opportunities , Germany offers a unique experience for international students.
Enjoy the benefits of no tuition fees, low living costs, and a safe, culturally rich environment.
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Tuition is free for doctoral studies for at least the first 6 semesters at all public universities in Germany. The German Studentenwerk (German Student’s Union) says an average student in Germany needs around 800 euros per month to cover living expenses such as rent, food, clothing, transport, work supplies, recreation etc. Students enrolled at university also have to pay a “semester contribution” every semester. This fee covers the cost of the important student ID card. The student ID card serves as a semester ticket for cheap or free use of public transport, and allows you reduced rates at the student cafeteria and many other places such as swimming pools, museums, cinemas, etc…
Research is a serious business in Germany, with funding programmes available from several sources. The DAAD alone, Germany’s largest provider of scholarships, provided funding for more than 51,600 foreign scholars around the world. In addition, many other public and private bodies provide financial support to doctoral students. Important donors include Germany’s federal and state governments, the European Union and a large number of charitable foundations that have set themselves the goal of supporting research and junior researchers.
For more information on funding opportunities for doctoral candidates, go to: DAAD scholarship database: www.funding-guide.de Other funding databases: www.research-in-germany.org > funding databases Selected funding programmes for PhD Students: www.research-in-germany.org > funding programmes for phd students
In addition to scholarships and funding programmes, there are employment opportunities at universities and research organisations. Furthermore, you may want to consider the private sector, with many German companies having generous research budgets.
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/ PhD programme Yes Joint degree / double degree programme Yes Description/content Frankfurt School of Finance & Management is one of Europe’s leading business schools with an internationally recognised
Degree Doctor of Philosophy ( PhD ) in Medical Research – Cardiovascular Science Teaching language English Languages Courses are held in English only. PhD theses are written only in English. Full-time
PhDs in anthropology. The fellow should be prepared to participate in the activities of the Department during the fellowship period, and is expected to submit a working paper that addresses the topic
Job posting (PHY 04/2024) The Leibniz Institute for Baltic Sea Research Warnemünde (IOW) has a temporary vacancy (subject to financing ) as a Researcher (PostDoc) for the period 01.11.2024
Degree Doctoral degree (Dr rer nat) / PhD In cooperation with Center for Earth System Research and Sustainability (CEN), Hamburg Cluster of Excellence "Climate, Climatic Change, and Society" (CLICCS
the research fields Green innovation and entrepreneurship (e.g., entrepreneurial finance , startup innovation network, business model innovation, entrepreneurship in the Global South) Corporate climate goals and
Mentoring of researchers Your qualifications: University degree in sociology, economics or a related field Doctorate / PhD in one of the above-mentioned fields is an advantage Strong publication record
international Horizon Europe- financed collaborative projects (e.g., AGRO-WELL, RETOUCH Nexus, INCiTiS-Food, NOVASOIL) or nationally funded projects. The successful candidate is also expected to be actively
We are announcing a part-time position as PhD Student (m/f/d) in the Research group Immunology and Cell Biology Topic: Regulation of the human proteasome network under mitochondrial protein import
GEOMAR Helmholtz Centre for Ocean Research Kiel is a foundation of public law jointly financed by the Federal Republic of Germany (90 %) and the state of Schleswig-Holstein (10 %) and is one
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| Updated On - Apr 30, 2024
The top PhD universities in Germany do not charge any tuition fee from international students. You might need to pay a semester fee between 100 and 325 EUR (8,900 to 28,930 INR) to pursue PhD courses in Germany. After completing a PhD degree in Germany, graduates annually earn an average salary of 69,000 EUR (61.43 lakhs INR).
3.1 |
Germany is a center for higher education, with few top-ranked yet affordable institutions offering doctoral programs. Some top PhD universities in Germany and their corresponding details are as follows:
QS World University Rankings 2024 | University | Program/ Faculty | Fees |
---|---|---|---|
#37 | Technical University of Munich | Econometrics | Strategic Management | Innovative Technologies in Management Research | No tuition fees |
#54 | Ludwig Maximilian University of Munich | Humanities and Cultural Studies | Social Sciences and Economics | Natural Sciences and Medicine | Semester Fee: 100-300 |
#120 | Humboldt University of Berlin | Individual Doctorate | Structured PhD Programs | Semester Fee: 290.99 |
#=239 | University of Bonn | Microeconomic Theory | Management and Applied Microeconomic | Financial Economics | Macroeconomics and Public Economics | Econometrics and Statistics | Semester Fee: 325 |
#98 | Freie University of Berlin | Humanities & Social Sciences | Natural & Life Sciences | Computational Neuroscience Berlin | Semester Fee: 295.49 |
#106 | RWTH Aachen University | Mathematics, Computer Science and Natural Sciences | Medicine | Architecture | Mechanical Engineering | Electrical Engineering and Information Technology | Arts and Humanities | Business and Economics | No fee |
#232 | University of Goettingen | Göttingen Graduate Center for Neurosciences, Biophysics and Molecular Biosciences (GGNB) | Semester Fee: 300 |
#=192 | University of Freiburg | Humanities and Social Sciences | Natural Sciences | Life Sciences | Engineering | Marie Curie Programs | Cooperative Doctoral Research Groups | Semester Fee: 180 |
The admission requirements for doctorate in Germany vary based on the chosen university and subject. The common requirement for PhD in Germany eligibility criteria for international students are listed below:
The eligibility criteria for admission to the PhD programs in various German universities are as follows:
University | Eligibility Criteria | Language Proficiency Requirement | Additional Requirements |
---|---|---|---|
Diploma, Magister or Master’s degree with above-average aggregate or at least 2.5 GPA from a recognized university | NA | CV | Transcripts | |
MSc in a relevant stream from a recognized university | Exceptional candidates with BSc Hons. degree with a written thesis | NA | 2 Letters of recommendation | 1 Letter of motivation | CV | |
Diploma, Magister or Master’s degree with at least 2.3 GPA from a recognized university | NA | CV | Copy of identity card | |
Bachelor’s or Master’s degree in Economics or a related field | IELTS: 7.0 (with 6.5 in each band) | TOEFL iBT: 100 (with 23 in each band) | 2 Letters of recommendation | Letter of motivation | CV | GRE: at least 160 | |
Diploma, Magister, or Master’s degree from a recognized university | NA | Copy of identity card | Copy of University entrance qualification | Copy of control view | |
Diploma, Magister or Master’s degree from a recognized university | NA | Resume | |
University degree with at least 2.5 GPA on German grading scale | TestDaf: Level 4 | IELTS: 7.0 (with 6.5 in each band) | TOEFL iBT: 80 (with 23 in each band) | CV | Transcripts | |
Master’s degree from a recognized university | NA | CV | Transcripts |
The German universities do not charge any tuition fee for PhD programs. You might need to pay a semester fee between 100 and 325 EUR (8,900 to 28,930 INR) across some universities. Besides, you can estimate to spend around 850 EUR per month as the cost of living in Germany . Following are some top-ranked universities and their respective fees:
University | Fees (EUR) | Equivalent Fees (INR) |
---|---|---|
Technical University of Munich | No fees | No fees |
Ludwig Maximilian University of Munich | Semester Fee: 100-300 | 8,900 to 26,700 |
Humboldt University of Berlin | Semester Fee: 290.99 | 25,900 |
Bonn Graduate School of Economics | Semester Fee: 325 | 28,930 |
Freie University of Berlin | Semester Fee: 295.49 | 26,303 |
RWTH Aachen University | No fees | No fees |
University of Goettingen | Semester Fee: 300 | 26,705 |
University of Freiburg | Semester Fee: 180 | 16,000 |
Although the doctoral programs in Germany are fully funded, candidates are still required to make the ends meet and bear the living costs. Therefore, such candidates may look forward to the following scholarships in Germany :
Scholarships | Eligibility Criteria | Award Amount |
---|---|---|
TUM GS Bridge Financing Grant | Completion of a Master’s degree with above-average aggregate along with the intention to pursue doctoral studies | EUR 1,000 per month + EUR 150 for family and child support |
University of Goettingen Funding | Candidates pursuing PhD at the University of Goettingen | Employment contract or EUR 1,100-1,400 |
Central Sector Scheme of National Overseas Scholarship | Candidates pursuing a Master’s or doctoral program with academic excellence | EUR 30,000 |
Heinrich Boll Scholarship | International graduate and doctorate students studying in Germany with proficiency in German | EUR 934 |
Students with PhD in Germany secure an average salary of 69,000 EUR per annum. The average salary of Doctor of Philosophy (PhD) ranges between 45,000 to 94,000 EUR per annum. Doctor of Science (DS) degree holders annually earn between 42,000 to 120,000 EUR. The average salary of doctoral candidates pursuing jobs in Germany according to their levels of experience are as follows:
Levels | Average Salary Per Month (EUR) | Equivalent Salary for Indians (INR) |
---|---|---|
1 | 3,672.02 | 3.27 lakhs |
2 | 4,075.76 | 3.63 lakhs |
3 | 4,293.17 | 3.82 lakhs |
4 | 4,715.55 | 4.20 lakhs |
5 | 5,299.43 | 4.72 lakhs |
6 | 5,378.92 | 4.79 lakhs |
Note: The stage duration (time spent) of each of the 6 levels of experience increases by 1 year per stage. The contractual term at first level is at least 12 months with no interruption.
PhD in Germany is pursued by international students for a combination of benefits. The top public universities in Germany offer tuition-free education, removing the financial burden from students. You can get research opportunities from industry experts in Germany. After completing education, you can get employed as research associate for Postdoc positions in German higher education institutions.
Ques. Is it free to do PhD in Germany for Indian students?
Ans . Yes. The public universities in Germany offer PhD programs without any tuition fees. The universities might charge a minimal semester fee to Indian students. You can estimate to pay between 100 and 325 EUR (8,900 to 28,930 INR) as semester fees in the German universities for pursuing a PhD program.
Ques. Do PhD students get paid in Germany?
Ans . Yes, some German universities provide financial support to PhD students through grants, stipends, and scholarships. You can also pursue part-time jobs while pursuing PhD, with permission from your university to earn some pocket money.
Ques. How many years is a PhD in Germany?
Ans . PhD programs in Germany can be around 5 years long or more. However, PhD in Germany is available within 3 years span across some universities. According to experts, the average time taken for PhD in Germany ranges between 3 and 4 years.
Ques. Is it easy to get PhD in Germany?
Ans . No. PhD in Germany requires you to be involved in research and activities on a particular subject or multiple subjects. The entry requirements for PhD programs in Germany for international students vary with the university and specialization. The most important requirements for admission to PhD in Germany are as follows:
Ques. Is a PhD in Germany taught in German?
Ans . PhD in Germany is taught in both the languages, German and English. You can choose the university and specialisation, based on the proficiency of language. If possible, German language proficiency is recommended to enhance your chances of securing admission to your dream university.
Ques. Can I pursue PhD in Germany without a Master’s degree?
Ans . PhD in Germany can be pursued by exceptionally performing Bachelor’s degree graduates. Moreover, candidates possessing an international Graduate Diploma with 2.5 or more GPA may also apply.
Ques. Is German PhD valid in India?
Ans . Yes. PhD degrees offered by prestigious universities in Germany are valid in India. You can pursue a faculty post in the Indian universities with a PhD from Germany. You can also look for postdoc opportunities or suitable employment opportunities for you with a PhD from Germany.
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This concentration is one of the three concentrations offered in Frankfurt School's Doctoral Programme.
It is offered by one of the most productive faculties in Europe. Ranked among the top in Europe of Brigham Young University’s prestigious research ranking, Frankfurt School’s Accounting group is known for its innovative research in capital markets and managerial accounting.
We train our students in applying state-of-the-art techniques to address questions that advance contemporaneous accounting research. Our faculty is at the forefront of their research area and shapes the profession not only through originality, but also by their editorial work and involvement in global research initiatives. Our doctoral programme, uniquely positioned in Germany, includes a structured coursework programme that provides students with methodological skills as well as with an in-depth knowledge of economics, finance, and accounting. The faculty has a proven track record of working closely with doctoral students throughout the programme and has placed students in some of the best research schools in the world.
Accounting research has little to do with refining the workings of double-entry bookkeeping. Instead, scholars examine a broad range of questions about the role of information in markets and within firms. Accounting research is strongly related to practice, studying questions such as the enforcement of international accounting standards or the way firms use incentives and performance measures to motivate employees. Accounting research is also empowered by the latest theoretical insights from economics, finance, psychology and related disciplines (sociology, linguistics, even biology) and has recently made significant strides forward by adopting methods developed by (big) data science. Accounting, contrary to some stereotypes, therefore is one of the most exciting fields of research in business.
Frankfurt School publishes in the top outlets for accounting research. To get a sense for the kind of research we conduct, please click on the following sample publications:
Publication | Title | Professor |
Review of Accounting Studies |
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The Quarterly Journal of Economics |
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Journal of Accounting Research |
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The Accounting Review |
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Management Science |
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Grounded strongly in economics and quantitative methods, our faculty encourages students to explore creative, new ideas in a rigorous way.
We prefer students to extend the boundaries of the field by incorporating insights from adjacent areas such as finance, management, and the behavioral sciences rather than making incremental technical improvements.
The accounting concentration offers the following courses to help students achieve those goals:
Mathematics & Statistics
Calculus of Several Variables Functions of Several Variables Implicit Functions and Their Derivatives Quadratic Forms and Definite Matrices Unconstrained Optimization Constrained Optimization Concave and Quasiconcave Functions Economic Applications Eigenvalues and Eigenvectors Advanced Linear Algebra Advanced Analysis Basic Probability and Statistics
Econometrics I
The class provides key knowledge on how different econometric models work and most importantly sheds light on their limitations. The course also provides step by step application of new tools to different data sets in the computer lab. You will be asked to replicate, and in some cases improve, prior empirical studies.
Microeconomics
1. Demand Theory 2. Expected Utility Theory 3. General Equilibrium Theory 4. Non-Cooperative Game Theory a) Dominant strategies and applications b) Nash Equilibrium and applications c) Subgame Perfect Equilibrium and applications 5. Principal-Agent Theory 6. The Theory of Incomplete Contracts
Performance Measurments & Incentives
This module provides an introduction to academic empirical research on performance measurement and incentives. It covers topics such as financial and nonfinancial performance measures, subjective performance evaluation, target setting and target ratcheting, relative performance evaluation and management control systems.
The Accounting Seminars offer new insights into a broad range of accounting, managerial or economic issues. The seminars are a forum for mostly external researchers to present and discuss their work, employing rigorous methodological approaches, including theoretical models, empirical-archival methods or experimental methods.
Econometrics II
The class provides key knowledge on how different econometric models work and most importantly sheds light on their limitations. The course also provides step by step application of new tools to different data sets in the computer lab. You will be asked to replicate, and in some cases improve prior empirical studies.
Game Theory
The course aims to familiarise students with the basic concepts of game theory. Students learn different classes of games and a variety of solution concepts to predict strategic behaviour in these games. They will learn how to capture practically relevant situations in a game and the necessary tools to solve these games.
Causal Inference
Coming soon
Empirical Asset Pricing
Industrial Organization
Accounting Information & Capital Markets
This module provides an introduction to the key areas of financial accounting research. It covers topics such as value relevance of accounting information, accounting-based valuation, earnings management, contracting and accounting, disclosure, text-as-data in accounting, information intermediaries, real effects in accounting, corporate governance, financial reporting regulation, political ecomony of accounting etc.
Advanced Topics in Accounting
Topics to be discussed include: 1: Advances in startup valuation and venture capital 2: Advances in difference-in-differences 3: Innovative performance measures in management accounting 4: Advances in disclosure research
Students can choose up to three elective courses suitable for their chosen area of specialisation. These can be offered by Frankfurt School but often are found at other research universities. The faculty and the programme office help the student identify appropriate courses.
PhD Brownbag
Master Thesis / 2nd year paper
The second year paper is the first piece of the student’s very own presentable research work. It can also be used to obtain a Master’s degree in Business Research and Analytics.
Research (Dissertation and Defence)
Upon passing the Qualifying Exam at the end of the 2 nd year, students enter the research phase of the programme. Students dedicate themselves to their research projects, produce scholarly papers and present their research at international academic conferences. They also have the opportunity to interact with international scholars visiting Frankfurt School to present research in the seminar series.
Why do managers so often underestimate the risk of their strategic decisions? Management professor Stevo Pavicevic tries to answer this question in his work:
"Making decisions is at the heart of professional lives of managers. Despite managers' best efforts, their decisions are often hopelessly erroneous. Here at Frankfurt School of Finance and Management, we investigate why managers make poor strategic decisions, and more importantly, how firms can build safeguards into the decision-making process to reduce the risk of flawed decisions."
Decision making is also important in marketing professor Tetyana Kosyakova’s projects her focus is on consumers rather than managers:
"My research is mainly in the area of choice and Bayesian modeling. Currently I am working on a series of projects, which focus on developing the methodology for estimating consumer preferences based on consumer choice (or purchase) data when consumers are making choice decisions given a large choice set.
A typical purchase decision from a large choice set could be a consumer picking a yoghurt in a supermarket, given a large yoghurt assortment on a dairy shelf or a consumer configuring a laptop given multiple options for processor, memory and other technical features. Traditional models don’t scale to large choice sets or large product assortments due to difficulty of likelihood evaluation. My work is aimed at contributing to this research area."
Dr. rer. Pol students at Frankfurt School often work closely together with faculty members on (larger) research projects. Digitalisation and its corporate impact is at the core of a project of accounting professor Matthias Mahlendorf :
"In a joint project with Dr. rer. Pol students and international coauthors, we are currently investigating how senior managers develop their expectations about their company's future performance.
This is important, because many firms are currently investing in new approaches (such as Google's "Objectives and Key Results", OKR) as well as in predictive analytics. These tools have the potential to solve some challenges that firms have struggled with for decades, such as slack building in performance goals and biased forecasts. However, we need solid research to distinguish between hype and actual improvements."
Research at Frankfurt School often centres on big problems in society, including climate change and wealth inequality. Take, for example the work of finance professor Yigitcan Karabulut :
"My current research interest lies in household finance, with a particular emphasis on studying the factors that contribute to household wealth dynamics and their implications for the evolution of wealth inequality. In other words, I examine why some families are poor and some are wealthy and how this changes over time. Lately I am working mostly to understand the impact of robots on differences in wealth."
After a lot of hard work, the tangible output of research is a publication in a scientific journal. We asked Professor Sascha Steffen about the paper that is closest to his heart:
"Even though it is not my best published paper, I am very happy about my paper on the "dash for cash" of firms during the current COVID crisis. It was not only the first paper that scrutinized this but also unearthed some subtle drivers of corporate cash holdings.
First, cash does not seem to be just "negative debt" (or a waste of resources that some literature seems to suggest) but there is an economic rationale for holding cash. Second, credit risk matters for cash holdings (which has been somewhat neglected in the literature); it is not only default risk, though, but there is a "cliff risk" for firms to become downgraded to non-investment grade which significantly affects cash holdings."
Affiliated faculty.
Frankfurt School is among the few schools in Germany and even in Europe to offer fully-fledged coursework, which prepares students for the demands of dissertation research, on a par with what has traditionally only been available in top schools in the U.S. The programme has achieved remarkable successes:
Doctoral students have been invited for visiting scholarships in top schools in the U.S. (e.g., MIT) and in Australia (e.g. University of Melbourne).
The accounting faculty has placed their doctoral students at renowned international research institutions in Europe, in Australia and in the U.S.
Doctoral students have presented their dissertation work in highly visible and competitive conferences such as the Singapore Management University Accounting Symposium and the MIT-Asia conference.
We want our students to share the faculty’s passion for research. Students are an integral part of the Accounting group, benefiting from the many workshops, conferences and visitors participating in our lively, informal, but intellectual culture.
We encourage students to work together with faculty members on their research ideas and students have easy access to all the group’s research resources, including essential databases such as WRDS, IncentiveLab and many more.
Doctoral students have their own discretionary annual research budget.
The annual Doctoral Boot Camp provides students with an informal setting to present their research ideas, proposal, and early draft papers to the entire faculty and receive constructive feedback.
Faculty members play key roles in the profession, serving as editors, editorial board members or reviewers for major journals in the field (including, Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Accounting, Organizations and Society, Management Science, Contemporary Accounting Research, Review of Accounting Studies).
Frankfurt School offers fully-funded study places for the doctoral programme in order to attract and support the brightest minds in academia.
Students are expected to devote 100% of their working time to their doctoral studies at Frankfurt School for up to five years.
Funding includes a tuition fee waiver and a cost-of-living stipend. The monthly stipend comprises of EUR 1,820.
The stipend will be granted for five years conditional on the continued satisfaction of all academic programme requirements.
From the first year onwards doctoral students will receive EUR 1,820 for the period of 5 years.
Furthermore Frankfurt School covers costs related to research, including conferences and overseas visits.
1. target group.
Outstanding graduates of a Bachelor‘s or Master’s programme in business administration, finance, management, accounting or related fields who aspire to launch an academic career.
Candidates in the final year of a Master’s or Bachelor’s programme are welcome to apply with their most recent academic transcript. Please note that the degree has to be completed by the time of the beginning of the programme.
The first step of our application process is to complete the online application form. You will need to upload the following required documents. Please note that you need a certified English or German translation for all documents, that are not originally in German or English. The application platform will be open between 15 September 2021 and 15 January 2021.
Required Documents
Two letters of recommendation: To request the letters from your recommenders, you have to register on a separate platform and send your request from there.
Please click on this link to access the platform: http://apply.interfolio.com/79802
Create a profile by clicking on the button “Apply now”.
If you require assistance, go to the “Home” tab and click the “Dossier Quick Start Guide”.
Once you send your request to your potential recommender, they will receive an e-mail together with a link where they can upload their recommendation letter confidentially. Please provide a deadline for your recommendation letter to ensure we receive it on time. Once the recommender has uploaded the letter, we will be notified and will be able to access it.
Successful applicants will be invited to a skype interview with faculty members.
The final decision regarding admission to our doctoral programme will be made by the Committee for Doctorate Proceedings. It is based on the overall portfolio of the candiate and the interview. The results will be communicated after the final decision.
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Law and finance.
Business administration european and asian management.
International finance and investments.
International business.
Finance, accounting and taxes, money and finance, international taxation.
The Times Higher Education World University Rankings is the only global university performance table to judge research-intensive universities across all of their core missions: teaching, research, knowledge transfer and international outlook.
Management and technology.
International finance.
Economics and finance.
Laws in international banking, securities and finance (for graduates from asia).
Financial engineering.
Financial services management.
Corporate financial management.
Finance and investment.
Deadline information, best universities with finance in germany.
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Make an appointment and discuss your options. Then ask your potential supervisor to get the ball rolling: enroll as a doctoral student and apply for admission to the DPF. You may also submit an application without naming a supervisor. In this case the coordinator of the DPF will consider your application and approach potential supervisors for you.
Funding includes a tuition fee waiver and a cost-of-living stipend. The monthly stipend comprises of EUR 1,820. The stipend will be granted for five years conditional on the continued satisfaction of all academic programme requirements. From the first year onwards doctoral students will receive EUR 1,820 for the period of 5 years.
Why Study Finance in Germany. Studying Finance in Germany is a great choice, as there are 6 universities that offer PhD degrees on our portal. Over 369,000 international students choose Germany for their studies, which suggests you'll enjoy a vibrant and culturally diverse learning experience and make friends from all over the world.
The finance track of the Berlin School of Economics PhD Program (https://bdpems.wiwi.hu-berlin.de/portal/) introduces students to research questions and methodologies that shape current research in financial economics, and prepares graduates for research careers in universities, central banks, and other research-oriented institutions.
Ph.D. in Finance, fully funded In cooperation with the Graduate School of Economics, Finance, and Management (GSEFM) The GSEFM offers a quantitative and research-oriented education featuring the structures of premier anglo-saxon graduate programs. Together with SAFE, it provides an environment where students can benefit from a unique research group in Finance spanning a wide range of topics as ...
Graduate School of Economics, Finance, and Management . House of Finance, Campus Westend Theodor-W.-Adorno-Platz 3 60629 Frankfurt am Main, Germany . Please note: Due to technical problems, for the time being messages sent from e-mail servers of Goethe University may be rejected by Microsoft servers, including those for Hotmail, Live and ...
In the first two years, doctoral students attend core courses, elective courses, and concentration courses in their respective academic specialisations. In this phase, they obtain the knowledge and skills to research. The four specialisations, Accounting, Economics, Finance & Management, follow a similar structure. Accounting Concentration.
PhD Program. The Berlin School of Economics PhD Program provides outstanding doctoral students with a vibrant, intensively networked research community. The program develops the students' talents in a unique combination of a high-level, academic research environment together with applied, policy-oriented research opportunities.
The majority of PhD programs in Germany are tuition-free, at least for the first six semesters. However, if need to enroll at a university for your PhD, there is a small semester fee you need to cover. The fee can be higher or lower depending on the university, but it usually falls within the range of €100 to €350.
PhD in Finance Programs in Germany. Earning a doctorate in finance, such as a PhD in Finance or DBA degree, could provide students with a strong foundation in the theoretical and empirical aspects of modern and global finance and economics. PhD in Finance and DBA - Finance degrees are terminal degrees, meaning they represent one of the ...
Financial Aspects. Many PhD positions in Germany are funded, providing a salary rather than requiring tuition payments. Typical monthly salaries range from €1,500 to €2,500 before taxes. Additional funding opportunities are available through scholarships and research grants.
All countries provide financial support PhD students in their own ways, but Germany takes doctoral research particularly seriously. ... The value of a PhD work contract in Germany is based on the scale for public sector works and is typically between €3,000-4,000 a month (though most student contracts are part-time, pro-rata). Tax and social ...
Studying Accounting in Germany is a great choice, as there are 4 universities that offer PhD degrees on our portal. Over 369,000 international students choose Germany for their studies, which suggests you'll enjoy a vibrant and culturally diverse learning experience and make friends from all over the world. We counted 331 affordable PhD ...
Tuition fees in Germany depend on the type of university you attend - public or private - and on your level of study - undergraduate, postgraduate or doctorate degree.. Public universitiesare free for all undergraduate students, meaning there are no tuition fees for international students. The only cost is a small administration fee of 265 EUR per year.
PhD Studies & Research. Science and research in Germany are characterised by a distinguished infrastructure, a wide variety of disciplines, well-equipped research facilities and competent staff. Germany offers various career opportunities for international PhD students and researchers. Discover Germany's top-tier PhD programs and research scene ...
Research is a serious business in Germany, with funding programmes available from several sources. The DAAD alone, Germany's largest provider of scholarships, provided funding for more than 51,600 foreign scholars around the world. In addition, many other public and private bodies provide financial support to doctoral students.
We are announcing a part-time position as PhD Student (m/f/d) technologies, financed by the Leibniz Alliance. It is located in close proximity to Hamburg in Northern Germany. The RCB offers its PhD students a structured graduate program within the Borstel Biomedical. for phd-finance positions.
10. Highly Likely. PhD in Germany is a 3-5 year long program, available to international students across various top universities. You might need top pay a semester fee between 100 and 325 EUR (8,900 to 28,930 INR) to pursue PhD courses in Germany. Know more about admission, fees, financial aid, and work opportunities after PhD in Germany!
Our doctoral programme, uniquely positioned in Germany, includes a structured coursework programme that provides students with methodological skills as well as with an in-depth knowledge of economics, finance, and accounting. The faculty has a proven track record of working closely with doctoral students throughout the programme and has placed ...
Karlsruhe Institute of Technology. Berlin, Germany. Study mode: On campus Languages: English. Local: $ 33.4 k / program Foreign: $ 33.4 k / program. 201-250 place StudyQA ranking: 2804. Similar programs. Choose an adviser Ask Admissions. Master.
Living costs for students in Hamburg. Hamburg is amongst the more expensive cities in Germany. However, the fact that living costs in Germany are largely in line with the European average, combined with the lack of tuition fees for most students, means Hamburg is still a relatively affordable choice for international study.. The German government estimates that international students should ...