JD-PhD in Finance
This joint degree program with the School of Management is intended for students wishing to pursue a career in business law teaching. The program is structured to permit course requirements to be completed in five years. Students must meet the admission standards of each school. The expectation is that law students will apply for admission to the Management School’s graduate program in their first year at the Law School.
(1) Course Requirements:
SOM: Eight courses, including the following five required courses: Economics 500 (General Economic Theory: Microeconomics); Economics 501b (General Economic Theory: Microeconomics, which is the course covering an introduction to game theory); Economics 550a and 551b (Econometrics I and II); MGT 740 (Financial Economics I); and two additional Ph.D. level finance courses. Upon reaching Ph.D. candidacy, students are required to attend MGT 782 (Ph.D. PreSeminar: Financial Economics).
Law School: 71 credit units, which include the required first term courses taken in one semester (Contracts, Torts, Civil Procedure, Constitutional Law); Criminal Law; a course satisfying the legal ethics requirement; 6 credit units satisfying the experiential learning requirement; and Business Organizations.
(2) Graduate School Grade Requirements:
Finance Ph.D. students are required to maintain an HP average to continue in the program past two years. This requirement operates such that a grade of P in one course can be offset by a grade of H in another course. In addition, the Graduate School requires all students to receive two or more grades of H to graduate.
(3) Pre-dissertation Writing Requirements:
Two papers are required: (1) a paper fulfilling the SOM second-year research paper requirement and (2) a paper fulfilling one of the Law School writing requirements (substantial or supervised analytic writing). Students present the second-year paper in ECON 679 (Financial Economics Student Lunch). Note: An accepted SOM second-year research paper will fulfill the student’s remaining Law School paper requirement by registration for independent research credit with the student’s Law School faculty advisor.
(4) Qualifying Exam in Finance:
The section of the qualifying exam pertaining to MGT 740 and two additional doctoral finance courses taken. The qualifying exam is currently taken after the student has completed all of the required graduate finance courses.
(5) Dissertation and Oral Defense.