MPhil-PhD in Finance (including Accounting Track)

Duration of Studies

Degree	Study Mode	Maximum Pre-Candidacy Period	Normative Period	Maximum Period
MPhil	Full-time	--	2 years	4 years
PhD (enter with a research master’s degree)	Full-time	2 years	4 years	6 years
PhD (enter without a research master’s degree)	Full-time	3 years	5 years	7 years

Unit Requirements

I. Lecture courses (3-unit courses)

Group A

Review of Quantitative Methods *

Microeconomic Theory I

Microeconomic Theory II

Macroeconomic Theory I

Econometrics I

Econometrics II

Financial Economics

Corporate Finance

Asset Pricing

Empirical Methods in Finance

Accounting Research I

Group B

Game Theory

Applied Microeconomics

Applied Econometrics

Advanced Topics in Corporate Finance I

Advanced Topics in Corporate Finance II

Advanced Topics in Asset Pricing I

Advanced Topics in Asset Pricing II

Current Topics in Accounting

Investment and Portfolio Analysis

Derivatives Markets

Fixed-income Securities Analysis

Behavioral Economics and Finance

Market Microstructure

Continuous Time Finance

Accounting Research II

Research on Chinese Financial Markets

FinTech

(subject to change)

* Compulsory for students entering without a research master’s degree.

A minimum of 30-33* units are required, with at least 18 units from Group A and the rest from Group B.

II. Thesis research courses

Each student’s progress in research is monitored through courses called ‘Thesis Research’. A minimum of 6 units are required per term in the pre-candidacy stage and 12 units in the candidacy stage.

Since the study period of the students may vary, the total number of thesis research courses to be taken may also vary, which will affect the total number of units taken by each student for graduation.

III. Other courses

- Research Seminars

- Thesis Writing and Defense

Please kindly find more details in the Study Plan of MPhil-PhD Programme (Click for more information)