Maynooth University School of Business


Award Type and NFQ level : RESEARCH PH.D. (10)

CAO/PAC code : MH10D;MH11D

CAO Points :

The PhD programme in Finance at Maynooth University builds on the foundation developed in the MSc Finance or MSc Economic and Financial Risk Analysis programme. The MSc programmes provide the basic skills and technical knowledge base via taught courses and a directed thesis, while the PhD programme seeks to further students’ skills and knowledge to enable them to do independent, world-class research.

The four-year programme of study includes in the first and possibly subsequent years reading courses, taught courses, general skills seminars, and independent research. The second, third and the fourth years of the programme are dedicated primarily to research knowledge and independent research. The PhD candidate must write and present an original piece of research in each year of the programme, and this research must meet the approval of his/her advisory committee.

Students who do not fulfil the ongoing requirements of the PhD programme may be eligible for an M.Litt degree with the completion of a satisfactory M.Litt thesis.

The PhD programme is available to both full-time and part-time students. The performance benchmarks for part-time PhD students are analogous to those of full-time, except that the full-time year one and year two requirements (see below) are extended by one year each; the full-time year one requirements must be completed by the end of part-time year two and the full-time year two requirements must be completed by the end of part-time year four. The full-time year three and four requirements apply to part-time years five and six. Prospective candidates should bear in mind that applicants for the part-time PhD programme are not eligible for scholarship funding.

Applicants must have a minimum of 2.1 overall in MA/MSc degree in Economics or Finance and a minimum of B- (or equivalent) in core modules in the acquired degree. Depending on the degree, core modules may include Microeconomics, Macroeconomics, Econometrics and/or Finance. If the applicant’s MA/MSc is from a university other than Maynooth University, the PhD applicant may be required to take a qualifying exam in Microeconomic Theory, Finance and Econometrics.

Minimum English language requirements:

  • IELTS: 6.5 minimum overall score
  • TOEFL (Paper based test): 585
  • TOEFL (Internet based test): 95
  • PTE (Pearson): 62

The TOEFL code for Maynooth University is 8850.

A research plan tailored to the individual students interests and needs will be developed by the student’s supervisory committee. If the student has not taken the MSc in Finance or Economic and Financial Risk Analysis at Maynooth University, the student may have to take one of these MSc programmes in the first year of their PhD studies.

Please see the following link for information on the taught MSc programmes:

For the students who follow the MSc programme in their first year of their PhD studies, students must attain

  • `a grade of at least 60% in each of the core modules and in the thesis; and
  • an overall grade of at least 60% in the programme.

PhD students will submit a proposal for their first PhD thesis paper by August of their first year of study.

If the student does not meet the first-year requirements at PhD level, then the studentship in the PhD Programme will be terminated. However if the student successfully completes the MSc programme, the student can receive the MSc degree or an MLitt degree (upon successful defence of the MLitt thesis).

Course Duration: 4 years full-time

- Lecturer and researcher in 3rd level institution
- Financial & consulting careers at institutions such as commercial banks, economic consulting firms, stockbrokers
- Careers as a financial economist at State institutions such as the Central Bank, Irish Financial Services Regulatory Authority, Treasury Department.

- Research institutions such as ESRI, Central Statistics Office Ireland
- International institutions such as the World Bank and the IMF

Online application only

PAC Code


The following documents should be forwarded to PAC, 1 Courthouse Square, Galway or uploaded to your online application form:

Certified copies of all official transcripts of results for all non-Maynooth University qualifications listed MUST accompany the application. Failure to do so will delay your application being processed. Non-Maynooth University students are asked to provide two academic references and a copy of birth certificate or valid passport.

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