PhD in Finance: To do or not to do?

[@alimtanta2934]

Ph.D. In quantitative finance: My topic to be Machine learning algorithms for risk management in trading activities. The main objective is to develop a prototype framework for pricing and risk management using machine learning algorithms. I have been given 2 years to complete this PhD project from a hedge fund company, and they are the ones financing it. After my graduation, I will be able to continue to work there. The main objective is to be able to do something I stand 100% behind and love doing, not outside of my interest. This PhD project is being funded by a hedge fund company, which has given me two years to complete the project. I'll be able to keep working there once I graduate. I genuinely enjoy doing this, and I spend the majority of my days on this project, even though I haven't started yet. What do you think the response from any university I apply to would be? As professional experience. By the way, I'm from the Netherlands.

[@YUNIKARN]

Two years is short. Most PhD programmes will require three years. So you will need to think about self-funding one year or finding alternative arrangements (write-up periods etc.). I worked at Utrecht University. The Dutch system is quite different from the UK as most PhD students have a teaching position. Do you want to try the Dutch market or UK/US? You need a good fit with a potential supervisor. Good luck!

[@alimtanta2934]

@@YUNIKARN It's entirely up to me, by the way; money is not a problem, nor is getting employment. I am prepared to provide for my own needs in order to maintain my research's flexibility. This is the reason I asked you to share your thoughts on the matter. I want to work closely with the university of my choice and be totally independent. That's the reason I'm funding myself. But I believe that two years is reasonable. I wish not to spend more time. I am at Erasmus University and TU Delft

[@YUNIKARN]

@@alimtanta2934 I had PhD students who completed within 2 years (both with industry experience). With a good proposal, you should be able to get admission. I suggest contacting potential supervisors before making an application. Good luck!

[@alimtanta2934]

​@@YUNIKARNThank you very much for your response. Your channel is very educational. I appreciated

[@Jesus-Blockchain]

Hello Dr , i need to be in touch with for guidance in PHD in finance , is it possible if I can reach you and talk about it ? thank you

[@YUNIKARN]

If you are interested in pursuing a PhD at the University of Aberdeen, we can have a chat. Otherwise, I cannot provide any individual consultation due to regulations. All the best!

[@Jesus-Blockchain]

@@YUNIKARN its ok, let us talk for advice and make decision together , thank you

[@Jesus-Blockchain]

@@YUNIKARN I am still waiting for your support , let us talk and see if i can pursue it

[@YUNIKARN]

I responded. If you want to study at the University of Aberdeen, I am happy to help. However, I cannot provide individual consultations

[@dankschang]

I exploring sustainable criteria for Modern Portfolio Theory, mostly for trust fund sector.

[@YUNIKARN]

The main issue is how to measure sustainability. The existing measures in Bloomberg etc. are hard to justify. Have fun. All the best!

[@akkshhey09]

My background has been in engineering. My masters was in Industrial Engineering and I am planning for a PhD in Finance/Economics in Europe. What are your suggestions?

[@YUNIKARN]

Finance tends to be a better choice as it is mostly an empirical discipline. So your quantitative skills will be in demand. Moving from engineering into asset pricing is very common as well. However, most economists tend to prefer applicants with a BSc/MSc in Economics. This is also an issue if you want to enter the acadenic job market. All the best!

[@akkshhey09]

@@YUNIKARN Thanks for the reply. I am also looking at what options should I look into for research. Like you suggested asset pricing and its a new term for me. Are there any more terms I should know? Also what are my options after a PhD in Finance? I saw video which said most of them go into academia.

[@YUNIKARN]

@@akkshhey09 Academia is not always the best option after a PhD. You must have a plan B. I did a few videos focused on the academic job market, which might be useful. I also covered some aspects of topic choice (focused on dissertations) in other videos. Drop me an email if you have any further questions (email on channel pages). May the Force be with you!

[@akkshhey09]

Hello Dr. Kling, I could not find your email on your channel. I have sent you a request on LinkedIn to connect.

[@YUNIKARN]

@@akkshhey09 LinkedIn rules!

[@souravprasad3625]

This video is very helpful for me. Now I have lots of questions in my mind.

[@YUNIKARN]

Let me know if I can help. All the best!

[@lamaalza1666]

Excuse me, would an FMVA certificate come in lieu of a low GRE score when applying to a Ph.D. in finance at top schools or it's recommended to retake the GRE and score high? I already have some published work and social service in the field of finance

[@YUNIKARN]

The best approach is to contact your potential supervisor directly. Work experience, professional certification etc. might be beneficial depending on the topic. Most universities have minimum requirements based on degree classification. However, your supervisor can argue for special circumstances. All the best!

[@wazii86gr87]

It will not

[@felipedejesusrivascolima7796]

Excellent video and information, I be a follower of yours, I love your content a lot. I am from Mexico, one of my goals is to do a PhD in finance in Europe. what was your PhD research?

[@YUNIKARN]

Nice to meet you! My PhD focused on mergers and acquisitions (merger waves, disclosure, M&A success) in a historical context. M&A is still a good topic. Good luck with your PhD project. May the Force be with you!

[@ashiqurrahman48]

Very low sound

[@YUNIKARN]

Sorry to hear that. I switched to Blue Yeti, which should be much better