Overview

Financial economics encompasses a broad area of topics and issues, including corporate investments and financing policy, security valuation, portfolio management, the behavior of prices in speculative markets, financial institutions, and intermediation.

About the program

Emphasis in this Finance program at Yale University is placed on understanding the important concepts and models. Students normally take several graduate courses in the Department of Economics, particularly in microeconomics and macroeconomic theory, the economics of uncertainty, and econometrics.

The program offers two courses specifically in financial theory and its applications. In addition, the faculty and doctoral students attend a seminar that features speakers from around the country. However, the specialization is built primarily around individual study and research under the guidance of the faculty.

Programme Structure

Examples of potential areas of research for the financial economics dissertation:

Principal-agent relationships
Financial intermediation
Efficiency of markets
Portfolio selection

Key information

Duration

Full-time
- 72 months

Start dates & application deadlines

Starting 2027-08-27 00:00:00
- Apply before 2026-12-15 00:00:00

Language

English

TOEFL^® IBT

100

Schedule TOEFL®

IELTS

7.5

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Delivered

On Campus

Campus Location

New Haven, United States

Disciplines

Finance View 57 other PhDs in Finance in United States

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Academic requirements

GRE^®

Required

GMAT

Required

English requirements

TOEFL^® IBT

100

Schedule TOEFL®

IELTS

7.5

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

If you have completed your undergraduate degree (bachelor's or equivalent) or will have completed it prior to your intended matriculation date at Yale, you may apply to the Graduate School of Arts and Sciences (GSAS).
Applicants are required to take either the GRE or GMAT test.

You will need to provide the following with your application for admission:

A statement of academic purpose.
A list of all the prior colleges or universities you have attended, accompanied by unofficial transcripts from each school. Unofficial transcripts should be uploaded with your application. Official or paper transcripts are not needed at this time.
Three letters of recommendation. Enter the names of your recommenders directly in the application and they will receive a link to upload a letter on your behalf.
Resume/CV

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

Free
Out-of-State

Free
Domestic

Applies to you

In-State

Free

Additional Details

All PhD students at Yale receive a fellowship that covers the full cost of tuition, typically for a minimum of five years.

Living costs

New Haven

United States

1380 - 2110 USD / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

All students admitted to the program are given full financial aid for five years as long as they continue to satisfy the program's academic requirements. The aid consists of a tuition waiver and a stipend that is comparable to stipends offered by other leading Schools of Management.

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Scholarships Information

Below you will find PhD's scholarship opportunities for Finance.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

About

Overview

About the program

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Tuition Fees

International Applies to you

Domestic

Additional Details

Living costs

New Haven

Funding

Scholarships Information

Available Scholarships

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