The finance environment is becoming increasingly complicated due to the pres-ence of new securities and the necessity to employ complex risk management strategies by financial institutions, corporations and other entities. Globalization of business makes it increasingly necessary to develop professional expertise in finance at an advanced level.The concentration specializes mainly in the areas of corporate finance and invest-ments and prepares its graduates primarily for careers as university professors focused on research and teaching. The skills acquired by graduates will also enable them to consider careers as researchers in government and industry.The department emphasizes collaborative research and publishing between faculty and doctoral students, and students routinely publish academic papers prior to completing the doctoral program.UTSA seeks to admit students with high intellectual capability, high motivation and the interest to pursue independent research projects. Students will have the oppor-tunity to work closely with faculty members in small classes, seminars, research projects and other assignments aimed toward developing strong analytical skills and breadth of knowledge in finance to conduct independent, quality research.
Program of Study
Students typically spend two years taking classes in finance, statistics and economics and begin working on their dissertations in their third year. Students participate in directed research during their first and second summers. They typically work as research assistants for the first two years, and they gain experience teaching in their third and fourth years. Students are required to develop computer proficiency in data analysis using statistical packages and financial databases.The program of study has sufficient flexibility to allow each student the opportunity to develop a program that complements individual interests. A background in finance, economics or statistics is helpful, but not required for admission to the program. However, a student entering the program with inadequate skills in math-ematics will be obliged to overcome the deficiency through additional coursework. A student without any business background may be required to take as many as five graduate level business courses in addition to the Ph.D. level courses.
The Department of Finance is ranked one of the top 100 programs in the nation based on high-impact research publications. The faculty members, with degrees from nationally-recognized universities, have active empirical research agendas.Department faculty have published in journals such as Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Finance, Review of Financial Studies, Journal of Business, Journal of Monetary Economics, Journal of Econometrics, Management Science, Journal of Banking and Finance, Financial Management, Journal of Financial Markets, Journal of Financial Research, Financial Review, Journal of Futures Markets, Journal of Fixed Income, Real Estate Economics, Journal of Real Estate Finance and Economics and Journal of Real Estate Research.
Currently available databases: CRSP daily (NYSE, AMEX, NASDAQ), COMPUSTAT, Bloomberg, TAQ, NASTRAQ, SDC-Mergers and Acquisitions, SDC - Global New Issues, PACAP-Hong Kong data. The library has subscriptions to other electronic databases including: LEXIS/NEXIS, ABI/INFORM Global, JSTOR, Science Direct, ProQuest Direct, Uncover, Web of Science, FIS online and Gale Net.
Annual Deadline for Applying for Fall 2014 is February 1st