Ph.D PhD Scholarships in Finance, Economics, Marketing , Innovation and Entrepreneurship

at BI Norwegian Business School in Norway

BI Norwegian Business School offers a four year Ph.D. programme in business administration. The programme features six areas of specialisation: Finance, Economics, Strategic Management, Marketing, Leadership and Organization, and Innovation and Entrepreneurship.

The Department of Financial Economics is currently inviting applications for new doctoral scholarships, with a startdate in August 2012. The PhD specialisation in Financial Economics focuses on developing the doctoral students’ theoretical knowledge and methodological skills required to become successful researchers in the area of finance. We encourage applications from students with solid quantitative skills and a strong background in disciplines that are fundamental to finance, such as economics, statistics and social sciences, who are interested in an academic career in research and teaching, and possess strong communication and analytical skills. We welcome research interests and project proposals, both theoretical or empirical, in areas such as asset pricing, corporate finance, portfolio management, banking, market microstructure, experimental finance, and behavioural finance. After successful completion of the programme we expect our graduates to be employed at leading academic institutions, or the research departments of international or national regulatory organization, and investment firms.

The Department of Financial Economics has highly international faculty (currently from more than 10 nationalities) with PhD from some of the world’s best schools (University of Chicago, University of Southern California, Berkeley, UCLA, Brown University, among others). The department has a strong focus on asset pricing research and hosts the Centre for Corporate Governance Research (CCGR) ( which undertakes research in many areas of corporate governance and corporate finance, both for listed and non-listed firms. The doctoral programme is an important element of the department’s research agenda and of BI’s vision to become one of the leading research business schools in Europe. The selected candidates will be working closely with the faculty and will join a group of 6-8 PhD students in the department. Their place of work will be at the BI Norwegian Business School in Oslo.

Applicants must have completed a two year (120 ECTS) Master’s Degree with thesis work (preferably a Master of Science) by July 2012 to be considered for a scholarship. An average of grade B or better is required. The four-year scholarship is set according to the Norwegian State Salary Scale, and currently pays NOK 372.700,- per year The position is linked to The Norwegian Public Service Pension Fund (Statens Pensjonskasse). The scholarship involves 25% TA/RA responsibilities. If applicants are otherwise equally qualified, female applicants will be given preference. Additional information about the doctoral programme, admission requirements and the application can be obtained from the Doctoral Administration at BI Norwegian Business School.

The application must be submitted electronically only by using the “Send Application” button on the right hand side in this announcement. No e-mail application or hard copy application will be accepted.

You are required to upload the following electronically with your application:

  • Certificate of a Master of Science degree or equivalent, please include transcripts of grades
  • A Diploma Supplement or a similar document describing in detail the study and grade system and the rights for further studies associated with the obtained degree (
  • Other relevant certificates and transcripts
  • CV
  • A description of research interests (and potential research projects)
  • A milestoneplan outlining when you’re planning to take the different PhD courses :Template to be found here:
  • Letters of recommendations from relevant employers/tutors providing evidence of your skills as a researcher(a minimum of 2 letters)
  • Certificates from previously completed courses at the doctoral level, if requesting approval of these for the Ph.D. programme at BI Norwegian Business School (see last section of § 3.1.1 in our Ph.D. Regulations)
  • A complete list of all publications and/or other documented relevant research activities

Please note that all documents listed above must be uploaded in the electronic application. Documents may not be submitted by e-mail. Furthermore, note that any documents forwarded after the application deadline will not be considered. Exceptions will only be made for students who are completing their master’s degree in 2012 and do not have a final certificate when applying. Please note that you will not be able to revise your application once it has been submitted.

BI Norwegian Business School (Doctoral Administration) must receive the following by post:

Depending on the intended area, all applicants** for the PhD program MUST take either the GMAT or the GRE.

The GRE is preferred; GMAT is acceptable.

We will need percentile scores and raw scores for the Verbal, Quantitative and Analytical Writing sections of the GRE or GMAT to consider your application. Incomplete sections or partial scores are not sufficient to consider your application. Arrange to have official score reports sent directly to BI. Photocopies and/or examinee copies of score reports are not acceptable.

A “good score” is generally considered to be 85% and higher. However, there is no minimum cutoff score for the GRE/GMAT in order for your file to be reviewed.

  • Applicants with a master degree from a Norwegian institution are exempt of the GMAT or GRE test requirement.”

Students are required to have a good command of the English language. The following applicants will be considered to fit with this profile:

  • Applicants whose native language is English
  • Applicants with a qualifying master degree from a Nordic (Norwegian, Swedish, Danish, Finnish ore Icelandic) institution
  • Applicants with a qualifying master degree where the language of tuition was English

All other applicants must take either TOEFL or IELTS. The minimum standard for test scores that BI accepts are:

  • TOEFL – a total score of 575 points for the written test or 233 for the computer-based version or 90 points on the internet based test
  • IELTS- a score of 6.5

TOEFL / IETLS scores must be from within the last two years.

PLEASE NOTE THAT Test results must be sent directly to Doctoral Administration at BI from the test centre. The codes for BI Norwegian Business School are as follows:

GMAT 0529

TOEFL 0529

GRE 7365

For IELTS we accept copies as long as the TRF number is visible

Candidates may at a later stage be asked to forward further information and/or be called in for an interview. Candidates who are accepted for the programme must provide a more detailed progress plan with milestones and courses for the four years of study.

Kindly note that all documents (including GRE, GMAT, TOEFL and IELTS tests need to have reached the Doctoral Administration by the deadline stated in this announcement in order to be considered.

Information about the doctoral programme and admission requirements can be obtained from the Doctoral Administration at BI Norwegian Business School.

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Published at 19-02-2012
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