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Program Structure and Requirements

Our Strength: Our Program

The PhD program in Finance is an intense academic exercise providing effective training for an academic career. Our program includes required courses, comprehensive examinations, research paper presentations as well as the final dissertation.

PhD White Board

Program Structure

The Rotman's PhD program incorporates course work, independent research, comprehensive examinations, and a final dissertation. Find more information on program structure, course requirements and expected time-lines for completion below.

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Required Courses

Rotman PhD courses provide you with the methodological and theoretical training required for exceptional research in your field. Required courses are designed to provide you with a solid theoretical and methodological foundation for further study.

Student concentrating

Comprehensive Examinations

Comprehensive Exams are an important step in achieving a doctorate degree. Our exams are designed to test a student's competency in several academic areas that are critical to their discipline and support their research. You will write the microeconomics comprehensive exam at the end of the first year of study. You will write and present an original research paper at the end of the second year of study.



The dissertation is a PhD student's final step in completing the doctoral program. Building on the previous course work and research, the dissertation is a student's original contribution to their field of study. A finance dissertation typically consists of three essays each of which are of publishable quality in a major finance journal.

Master of Finance classroom shots, Rotman School of Management, University of Toronto

Student Performance Reviews

Rotman's PhD program provides students with an annual performance review to ensure their successful progress in the program. Each area performs their reviews internally.

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