Northwestern University

Overview

Financial Economics is a doctoral program collaboratively offered by Northwestern University’s Department of Economics (Weinberg College of Arts and Sciences) and the Department of Finance (Kellogg School of Management). This program provides students with comprehensive training in both economic theory and empirical methods, enabling them to analyze the interactions among financial markets, institutions, and policy.

What you'll study

The curriculum is designed to offer a solid foundation in economics during the first year, followed by a focus on advanced topics in finance and economics. Students engage with subjects such as asset pricing and corporate finance, supplemented by electives that delve deeper into various economic concepts.

• Programme type: Doctoral (PhD)
• Offered by: Department of Economics and Department of Finance
• Academic focus: Financial economics, asset pricing, corporate finance, and advanced econometric methods
• Typical pathway: Core coursework in economics followed by specialized finance and economics electives
• Language of instruction: English

Entry requirements

While specific GRE, GMAT, or GPA cut-off requirements for this program are not detailed, students are encouraged to submit a robust online application, which includes a statement of purpose, transcripts, and any required test scores or letters as stipulated by the admitting units.

English requirements

• TOEFL: Minimum score of 57
• IELTS: Minimum score of 7

Career prospects

Graduates of the Financial Economics program are well-equipped for a variety of careers in academia, research, government, and the financial sector. They can pursue roles such as economic analysts, financial consultants, and policy advisors, contributing valuable insights into financial systems and economic policies.