Université PSL (Paris Sciences et Lettres) campus

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PSL PhD Programme in Finance (Dauphine-PSL) at Université PSL (Paris Sciences et Lettres)

Université PSL (Paris Sciences et Lettres), France

Programme overview

Fully funded 4-year PhD programme in finance preparing students for careers in academia, policy institutions or the financial industry, with in-depth theoretical and operational knowledge of finance. The first phase is a one-year research-training course; the second is the 3-year doctoral period ending in the PhD thesis defence, extendable by one to two years with approval of the PSL doctoral school.

Faculty: Université PSL (Dauphine-PSL, DRM Finance)  |  Department: DRM Finance  |  Duration: 4 years (1 year research-training master's phase plus 3 years doctoral research; first master year added for bachelor's graduates)  |  Study mode: full-time; language of instruction not stated on the programme page  |  Intake: September  |  Location: Paris, Île-de-France, France

What you will study

Phase 1 is completed in the second year of the Dauphine-PSL Finance master (track 104 Research in Finance): corporate finance, financial markets, investments, derivatives, financial modelling and programming, banking, mathematical finance, asset pricing, plus econometrics and research methodology and pre-doctoral courses in corporate finance, asset pricing and market microstructure. Phase 2 covers academic research practice courses, doctoral lectures, PSL interdisciplinary courses, the DRM Finance research seminar series and the annual Dauphine Finance PhD Workshop.

Career pathways

Graduates have started academic careers in leading universities and business schools or joined public research institutions such as the ECB and the IMF.

Official programme page

Application information

Entry requirements

Open to students completing or holding a master's degree, or holding a bachelor's degree; bachelor's graduates must first complete the first year of the finance master (funded). Applications 3 March to 27 April 2026, interviews 11 May 2026, via the PSL application portal.

Intake: September

Duration: 4 years (1 year research-training master's phase plus 3 years doctoral research; first master year a

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