Doctor of Philosophy in Finance Program

    Intake Periods
  • January
  • May
  • September
    Modes of Study
  • Part Time
Course Overview

This program is designed to equip learners with skills to identify, analyse and solve problems in the finance discipline primarily using techniques of original academic research. The programme incorporates rigorous coursework and research culminating in the production of a doctoral thesis. The program encompasses a variety of formal and informal interactions with faculty and aims to enable students develop competencies in the theory, practice, and research methodology essential to the advancement of the finance discipline. Students are expected to apply this knowledge in responding to financial policy and financial challenges in diverse practice settings. The program’s knowledge dissemination approach is meant to nurture curiosity, a heuristic exploration of new knowledge, and critical thinking. In this regard the program learning philosophy encourages discourse that leads to meaningful insights of financial knowledge and pose thoughtful questions that reinforce or challenge ideas. The students will, therefore, be expected to critique literature, present concept papers during departmental seminars, participate in training workshops, prepare papers for publication in peer refereed journals, and develop hands-on data analysis experience using advanced statistical techniques. Students will further be required to participate in professional development workshops and conferences organized internally by the Department of Economics, Finance and Accounting as well as local and international ones.

Who Can Join

To be eligible for admission into this programme an applicant must meet the following requirements:

  • Be a holder of a master’s degree in Finance from a recognized institution; or
  • Be a holder of a master’s degree in Economics, Accounting or related discipline
  • Any other qualifications equivalent to a) and b) above, but subject to approval by the Senate and meeting the minimum requirements set by the Commission for University Education (CUE).
Duration & Structure Of The Programme

The minimum duration for completing the PhD (Finance) program is three calendar years while the maximum is six calendar years.

Mode of Delivery of The Programme

This program incorporates both coursework and research. Coursework requires face-to-face student-lecturer interaction, and both are required have physical presence in the assigned classrooms for teaching and learning to take place. In. the course work component of the program, students will cover eight core courses and 2 elective courses for a total of ten courses. The courses will be covered through the following approaches:

  • Lectures and seminars
  • Group discussions and presentations
  • Analysis of Case studies
  • Presentations by Guest speakers

The mode of delivery includes face-to-face and online engagement through the institutional Learning Management system. The latter will be used in delivery and submission of assignments, as well as access to learning and refer

Curriculum Road Map
Year I
Year II
Year III
Course Code Core/Common Prerequisite
  • CFU 7011
  • FIN 7011
  • ECO 7011
  • Applied Multivariate Statistics
  • Advanced Corporate Finance
  • Advanced Economic Theory


Course Code Core/Common Prerequisite
  • CFU 7021
  • FIN 7021
  • Quantitative Research Methods
  • Financial Economics
  • CFU 7011
  • FIN 7011; ECO 7011
Electives (Choose One)
  • FIN 7022
  • FIN 7023
  • Behavioural Finance
  • Digital Finance
  • FIN 7011