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Finance and Economics (MRes/PhD) (2024 entry)

two students look at a computer as part of their MRes/PhD Finance and Economics course

Find out more about our Finance and Economics MRes/PhD.

Make your mark on the financial world through impactful research with our Finance and Economics MRes/PhD at the University of Warwick. Study at the internationally renowned Warwick Business School, where you will have the opportunity to research key financial factors affecting businesses.

*Please note that, for Visa purposes, this is considered a Taught course which means that students requiring Student Visa sponsorship will not be able to bring dependants to the UK unless they are government sponsored.


Course overview

Please note applications for this course are now closed for 2024 entry.

Our fully-funded MRes/PhD Finance and Economics programme combines highly relevant and structured training with close mentorship from a team of supervisors to embed you in our culture of curiosity and help you in developing and deepening your chosen area of research. We value our doctoral researchers and aim to attract students from across the globe who are independent thinkers, restless to learn more and challenge themselves. We particularly welcome applicants whose ambition is a career in academia.

Jointly run with the Department of Economics, we aim to establish our MRes programme as one of the leading programmes in Europe, supporting you to pursue a future career in top academic positions, international organisations and central banks. This programme will provide you with a thorough understanding of state-of-the-art research techniques and in-depth appreciation of principal areas of interest for researchers in finance and economics.

Teaching and learning

You will study four compulsory modules in Year One, and five compulsory modules plus a dissertation in Year Two. You will then continue on to our PhD Finance programme, and complete your doctoral thesis. The overall course structure is 2+4 years (MRes/PhD).

Our excellent library and superb teaching and learning facilities provide the perfect place for you to commit to your studies, and enable you to expand and deepen your knowledge in your chosen area of research.


General entry requirements

Minimum requirements

Competition to join our Doctoral programme is very strong; you will need to demonstrate you have the intellectual capabilities, stamina, drive and commitment to complete a ground-breaking piece of work through independent study.

Academic requirements for our MRes/PhD Finance and Economics programme

  • An honours degree from a UK university or equivalent from an overseas university; plus a Masters degree, in economics or Finance (with a significant quantitative finance component). Accounting or Financial Mathematics may be considered with a significant finance component. A first-class degree and a distinction at Masters level is recommended but serves as a guideline only
  • A GMAT or GRE score is required and should be provided as part of your application. However, we have no defined threshold and the score provided will be indicative to merely supplement and strengthen applications
  • You should have strong academic references and excellent potential for research.

English language requirements

You can find out more about our English language requirementsLink opens in a new window. This course requires the following:

If English is not your first language, you must meet a minimum overall standard in a recognised test of English. You must show a good balance across all sections of the test and it must have been taken within two years of starting the course. We will require your certificates as evidence.

  • IELTS - overall score of 7.0, minimum component scores of two at 6.0/6.5 and the rest at 7.0 or above
  • PTE academic - 70 with 51+ in every section
  • CPE – grade C (CEFR level C2) or above
  • CAE - Grade C scoring 60+, no worse than 3 component results at borderline and 1 at weak.

International qualifications

We welcome applications from students with other internationally recognised qualifications.

For more information, please visit the international entry requirements pageLink opens in a new window.


Additional requirements

There are no additional entry requirements for this course.

Our research

Our vision is to develop cutting-edge research that leads debate and deepens our understanding on the practice of finance and economics. Research is undertaken in partnership with policy and practice, to ensure both relevance and practical application. Our desire to respond and contribute to varied societal issues, provides a vibrant and creative environment for research to flourish.

Our research strengths include:

  • Asset Pricing
  • Behavioural Finance
  • Corporate Finance
  • Corporate Governance
  • Financial Econometrics
  • Investments
  • Mergers and Acquisitions
  • Risk Management.

Find a supervisor

During the second year of the MRes, you will be allocated a supervisor. A second supervisor will be allocated if you are admitted into the PhD, at the end of the MRes. The two supervisors will have appropriate research expertise and interests.

Please do not contact potential supervisors when completing your application, as we do not recruit PhD students in this way.

Tuition fees

Our MRes/PhD Finance and Economics programme is fully funded. All students accepted onto the programme will have their full fees paid and will receive an annual stipend of approximately £21,000 per annum throughout their course, subject to satisfactory progress.

Students do not need to apply separately for this funding. It will be included as part of the offer onto the programme.


Fee Status Guidance

The University carries out an initial fee status assessment based on information provided in the application and according to the guidance published by UKCISA. Students are classified as either Home or Overseas Fee status and this can determine the tuition fee and eligibility of certain scholarships and financial support.

If you receive an offer, your fee status will be stated with the tuition fee information, however we are awaiting guidance from the UK government regarding fee status for EU, other EEA and Swiss nationals and their family members living in the UK for academic year 2021/22 onwards. We are not able to confirm the fee status for these students until the relevant eligibility criteria have been confirmed. Once we have received further information from the UK government, we will provide you with an update on your fee status and let you know if any additional information is required. If you believe your fee status has been incorrectly classified you can complete a fee status assessment questionnaire (follow the instructions in your offer) and provide the required documentation for this to be reassessed.

The UK Council for International Student Affairs (UKCISA) provides guidance to UK universities on fees status criteria, you can find the latest guidance on the impact of Brexit on fees and student support on the UKCISA website.


Additional course costs

Please contact your academic department for information about department specific costs, which should be considered in conjunction with the more general costs below, such as:

  • Core text books
  • Printer credits
  • Dissertation binding
  • Robe hire for your degree ceremony

 

Scholarships and bursaries

Our MRes/PhD Finance and Economics programme is fully funded. All students accepted onto the programme will have their full fees paid and will receive an annual stipend of approximately £18,000 per annum throughout their course, subject to satisfactory progress.

Students do not need to apply separately for this funding. It will be included as part of the offer onto the programme.

Living costs

Find out more about the cost of living as a postgraduate student at the University of Warwick.

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If you’re interested in the bigger picture, comfortable challenging assumptions and want a degree that will open doors, then WBS is the place for you. We will give you the foundation for change and prepare you for your future career. Are you ready to make your mark in the world of business?

Find out more about us on our website.

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How to appy

Applications for 2004 entry are now closed. Applications for 2025 entry will open in October 2024.

How to apply for a postgraduate research course  

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