Thanks! BTW, do most students prefer to work in academia or industry?
Hi, I am also accepted this year. Could you provide some information about the program structure, such as the core (required) courses of the PhD program?As I understand, 50/50
Hi, I am also accepted this year. Could you provide some information about the program structure, such as the core (required) courses of the PhD program?
Hey! The course curriculum is following (although, so far it has changed every year):
FALL FIRST YEARGRS EC701 – MICROECONOMIC THEORYGRS EC702 – MACROECONOMIC THEORYGSM FE918 – DOCTORAL SEMINAR IN FINANCEGSM MF793 – STATISTICAL METHODS OF MATHEMATICALSPRING FIRST YEARGRS EC703 – ADVANCED MICROECONOMIC THEORYGRS EC704 – ADVANCED MACROECONOMIC THEORYGSM FE920 – ADVANCED CAPITAL MARKET THEORYGSM MF728 – FIXED INCOME SECURITIESYear 2FALL SECOND YEAR
GSM FE919 – ADVANCED DERIVATIVE SECURITIESGRS EC712 – ECONOMETRIC TIME SERIESGSM MF730 – PORTFOLIO THEORYGSM MF772 – CREDIT RISKSPRING SECOND YEARGSM MF 796 – COMPUTATIONAL METHODS OF MATHEMATICAL FINANCEGRS EC744 – ECONOMIC DYNAMICSGSM MF921 – DYNAMIC ASSET PRICING WITH FRICTIONSGSM MF794 – STOCHASTIC OPTIMAL CONTROL AND INVESTMENTAs I am in the first year I can tell only about first two semesters:
- Doctoral Seminar in Finance is mostly about asset pricing in discrete-time setting. Also - although it is called a seminar, it is a regular class with several homework assignments etc...
- in Statistical Methods in Finance you will learn about ARCH, GARCH volatility models, VaR calculation etc... (course is very practical)... You will use some R language in it. Also, you take it with Masters students together.
- Advanced Capital Markets - several lectures about basics of stochastic calculus, then mostly optimal portfolio consumption problem in continuous time...
- Fixed Income Securities - so far mostly term structure models, options on zero coupon bond etc... You take it with Masters students...
- in Economics you will have 2 full-load courses both semesters together with econ phd students and if you do not have econ background you will have problems as everyone would know it better and BU econ department has much worse grade curving than School of Management. And the curriculum is not flexible - you are not allowed to deviate from taking econ courses...
Thanks for your information, umnik. Could you also share some information about the qualifying exam? The information on the website is not clear enough about the qualifying exam....Hey! The course curriculum is following (although, so far it has changed every year):
FALL FIRST YEARGRS EC701 – MICROECONOMIC THEORYGRS EC702 – MACROECONOMIC THEORYGSM FE918 – DOCTORAL SEMINAR IN FINANCEGSM MF793 – STATISTICAL METHODS OF MATHEMATICALSPRING FIRST YEARGRS EC703 – ADVANCED MICROECONOMIC THEORYGRS EC704 – ADVANCED MACROECONOMIC THEORYGSM FE920 – ADVANCED CAPITAL MARKET THEORYGSM MF728 – FIXED INCOME SECURITIESYear 2FALL SECOND YEAR
GSM FE919 – ADVANCED DERIVATIVE SECURITIESGRS EC712 – ECONOMETRIC TIME SERIESGSM MF730 – PORTFOLIO THEORYGSM MF772 – CREDIT RISKSPRING SECOND YEARGSM MF 796 – COMPUTATIONAL METHODS OF MATHEMATICAL FINANCEGRS EC744 – ECONOMIC DYNAMICSGSM MF921 – DYNAMIC ASSET PRICING WITH FRICTIONSGSM MF794 – STOCHASTIC OPTIMAL CONTROL AND INVESTMENTAs I am in the first year I can tell only about first two semesters:
- Doctoral Seminar in Finance is mostly about asset pricing in discrete-time setting. Also - although it is called a seminar, it is a regular class with several homework assignments etc...
- in Statistical Methods in Finance you will learn about ARCH, GARCH volatility models, VaR calculation etc... (course is very practical)... You will use some R language in it. Also, you take it with Masters students together.
- Advanced Capital Markets - several lectures about basics of stochastic calculus, then mostly optimal portfolio consumption problem in continuous time...
- Fixed Income Securities - so far mostly term structure models, options on zero coupon bond etc... You take it with Masters students...
- in Economics you will have 2 full-load courses both semesters together with econ phd students and if you do not have econ background you will have problems as everyone would know it better and BU econ department has much worse grade curving than School of Management. And the curriculum is not flexible - you are not allowed to deviate from taking econ courses...
You mentioned that "the curriculum is not flexible", does it mean that we must strictly follow this curriculum and can not take other courses?
Hi Umnik,
I am a little confused by the funding... I am not sure whether students accepted with the same or not, but mine does not say anything about funding in the summer ( basically 3 months ). Do you know something?
Thansk
No funding in the summer? What are students doing?
Are there masters students who decide to stay to the PhD???