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Structure of the PhD Finance programme

All research students are initially admitted into the MRes Finance, and follow one of two pathways – Route 1 or Route 2 – depending on their existing training. Both routes have an initial formal coursework and examination element lasting one or two years; upon successful completion of the coursework and examinations, students prepare to present their thesis proposal to a small Thesis Committee. Subject to successful completion of these elements, students are awarded the MRes and are then upgraded to the status of PhD candidate.


Route 1 students are typically those who have not graduated from the MSc Finance and Economics programme at LSE; these students complete the formal MRes coursework element over two years. In the first year, this comprises a number of year-long compulsory core courses. In the second year, Route 1 students take further courses and also attend research-in-progress seminars, at which students across all years of the Programme present their research, and discuss and critique the work of others. These seminars are also attended by supervisors and other members of academic staff.

Route 1 Structure

Year 1 - Compulsory Courses

Year 2 - Compulsory Courses


Route 2 students are primarily those who have successfully completed the MSc Finance and Economics at the LSE (though a small number of highly-qualified students from other comparable backgrounds may also be admitted). These students complete the MRes in one year.

Route 2 Structure

Year 1 - Compulsory Courses


Additionally, all students are required, throughout their tenure at LSE, to attend the weekly research seminar in financial economics, where speakers of international repute present their work.

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