Course details

Summary

Finance is a relatively new and rapidly growing discipline that examines the acquisition and allocation of financial resources. Where financial accounting measures past performance, Finance as a discipline is forward-focused. It is largely about future planning for firms or investors.

Finance consists of three interrelated subject areas:

• corporate finance studies how firms raise and efficiently utilise funds obtained from lenders and shareholders
• financial markets and institutions explores how the financial system facilitates the transfer of funds from savers and lenders to borrowers
• investment analysis studies how investors choose securities and asset classes for their investment portfolios.

All of these areas assess the trade-off between risk and reward and the valuation of both financial and capital assets.

The UC Doctor of Philosophy (PhD) is a research-only degree carried out under expert supervision and using world-class facilities.

A PhD involves extensive, sustained and original research and study in your chosen subject, with the results being presented in a thesis that will contribute to intellectual knowledge of the field. It is a mark of intellectual ability, self-discipline and commitment. A PhD prepares you for a number of careers, including as an academic.

The minimum period of enrolment for a full-time candidate is two years and the maximum period four years; most PhD students take between three and three-and-a-half years.

Career opportunities

Today it would be rare for a person to rise to the position of chief financial officer (CFO) without a strong grounding in both Accounting and Finance. There are also many other career opportunities for Finance graduates, with typical jobs including: financial analyst, money market and foreign exchange dealer, loan analyst, equity analyst, risk analyst/manager, portfolio manager, financial planner, investment banker and small-business manager.

Entry criteria

Enrolment in a PhD requires completion of a research-focused honours or master's degree at first-class or second-class division 1 level (or equivalent qualifications). Applicants with qualifications from outside New Zealand must have been granted admission to the University.

Other English language requirements: TOEFL PBT with a minimum score of 575 and TWE with a minimum score of 4.5; CCEL EAP Level 2 with a minimum B+ grade; CAE or CPE score of 176 with a minimum of 169 in reading, writing, listening and speaking; Pearson Test of English (Academic) - PTE with an overall score of 64 and no PTE communicative skills score below 58.