Hi! Is There Anyone Doing PhD Finance. I Need Help In Finding The Best and Reachable University For PhD Finance. 

who does PhD in finance? you already have enough career choices when you reach the stage where you have to choose PhD and PhD is one of the least lucrative career option.

CFA or CPA is better than PHD.

observing the posts of Nepali kancho and mno, I remember a nepali Ukhan Tukka "Bahun le Chau (Mushroom) khoyos na swad Payosh" ..... HAHAHAHA

Hoina Mr. OCDC arko bhanai yaad aayo " Bandar kya jane Adrak ka swad". :d

I have high degree of respect those who undergoes and completes their doctorate. And in the long run they earn much more money than master's or Bachelors. They also earn prestige and respect. Tara aba Nepali kancho lai kasle sikaos.

That's correct, OCDC and no quiero.

Several Nepali I have met have no idea what PhD brings conditional on you being successful in PhD. For example, a good finance professor can expect a salary in the range of 200-300K easily within five years of his work. Situation may have changed lately, but I read this article in The Atlantic from Gregory Clark awhile ago, that says " when Washington University, a school with an economics department of modest prestige, hired economists David Levine and Michele Boldrin by offering salaries well in excess of $500,000.  But most high ranked economics departments have professors earning in excess of $300,000" [See, the whole article http://business.theatlantic.com/2009/02/wheres_my_money_idiot.php, and Michele denies she gets that much!] Given that they work only a few hours in a whole week, to be a tenured professor in the field of economics, finance etc is more lucrative than being a anaestheologist!

Of course, it is not easy to get into a good program, be successful there, and get a professor position. , There are other fields such as physics, chemistry, biology which doesn't bring as much money either. But if you are good, and can get into good finance program, I say go for it, and don't listen to those who think getting 50K job working 65 hours a week is a successful career option.

Weather a PhD is a good option or not depends on what you want to do in life!.. It could be great if you want to be a professor or do research for companies or colleges.. or even work for the government (which might not be easy though). On the other hand, if you want to work for wall-Street, I would rather suggest a CFA designation, if you don't already have one. I assume you already have a MBA, right? If you don't, get that first. MBA is much more valuable than a PhD. But I assume you already have a MBA....

If you just have a bachelor's degree, you could even try Masters in Finance (MS Finance). But if you alreday have a MBA degree, it will be useless, unless you have a MBA degree in something other than finance.

But one thing is certain, before getting you PhD, try to gain some work experience. You'll go nowhere with a PhD in finance without prior work experience.

Hope that helps :)

Cheers!

The CFA is geared towards practitioners. In contrast, Ph.D. is primarily intended as training to be a researcher. So, the natures of the programs and their approaches are distinctly different from each other.

Some doctoral programs require an MBA before entry, but quite a few don't. In fact, the best preparation for getting a finance Ph.D. isn't an MBA. MS in Finance, MS in Econ or a masters in math, engineering or physics (there's a LOT of math involved at this level) would probably prepare you better.

 

I wonder if anyone has paid attention to the inquirer's question. He/She is asking for a ... university for PhD in Finance and not anyone's advice on whether he or she should pursue an MBA, a CFA, or a PhD. If anyone has an answer for the original question, please help the person out with the question rather than advising what program he or she should pursue.

I am a Finance major too, and I did some research myself. No one needs to agree with me but I think that the main universities of most of the state-funded universities are good, such as University of Texas at Austin, University of North Carolina at Chapel Hill, University of Virginia, Penn State, etc. They tend to be research universities. Doing a Google search should help you find out the PhD  (Finance) program at different universities. Researching yourself about different universities from that result, visiting their website, and contacting the universities directly is a better option rather than waiting for response at Sajha. I myself am trying to develop relation with Finance major people so that we could help each other out, but I haven't yet come across a lot of Nepalese who major in Finance.

I hope this helps.

How do you define reachable?

I would start with top 25 business schools and work all the way up to a 100. Then handpick the ones you think you can get into, and satisfies your definition of reachability:

http://grad-schools.usnews.rankingsandreviews.com/grad/mba/search

There might be a slight difference between a great business school and their PhD program- but for the most part they are highly correlated, and the above ranking should be taken as an indication of how their PhD program would pan out. Obviously, you will need to contact each school to understand the logistics of your thesis topic, supervisor availability, funding, scholarship, etc.

That said, and to avoid confusion amongst the posters we are all assuming that your interests in finance are purely academic research at this stage. 

-JB

For all those people interested in Finance/Investments, there is a group in Facebook - Nepalese Finance Professionals.

Here is what the group is about:

A group for one and all who are interested in the field of Finance or
Investment, are pursuing a career in such fields, or are striving to
pursue a career in such fields. The goal of this group to help create
an intellectual relationship among the members and support each other
in their professional endeavors.