Finance, Ph.D.

Qualifications
PhD: Applicants for PhD must normally hold an undergraduate degree at 2.1 level and a master’s degree with a minimum overall grade at ‘Merit’. Alternatively, applicants with a UK first class honours degree (or Non-UK equivalent as defined by Swansea University) not holding a master’s degree, will be considered on an individual basis. See - Country-specific Information for European Applicants 2019 and Country-specific Information for International Applicants 2019. 

English Language
IELTS 6.5 Overall (with no individual component below 6.5) or Swansea University recognised equivalent. Full details of our English Language policy, including certificate time validity, can be found here.

As well as academic qualifications, Admissions decisions may be based on other factors, including (but not limited to): the standard of the research synopsis/proposal, performance at interview, intensity of competition for limited places, and relevant professional experience.

Reference Requirement

As standard, two references are required before we can progress applications to the College/School research programme Admissions Tutor for consideration.

Applications received without two references attached are placed on hold, pending receipt of the outstanding reference(s). Please note that any protracted delay in receiving the outstanding reference(s) may result in the need to defer your application to a later potential start point/entry month, than what you initially listed as your preferred start option.

You may wish to consider contacting your referee(s) to assist in the process of obtaining the outstanding reference(s) or alternatively, hold submission of application until references are sourced. Please note that it is not the responsibility of the University Admissions Office to obtain missing reference(s) after our initial email is sent to your nominated referee(s), requesting a reference(s) on your behalf.

The reference can take the form of a letter on official headed paper, or via the University’s standard reference form. Click this link to download the university reference form.

Alternatively, referees can email a reference from their employment email account, please note that references received via private email accounts, (i.e. Hotmail, Yahoo, Gmail) cannot be accepted.

References can be submitted to pgradmissions@swansea.ac.uk.

The School of Management provides a supportive and friendly environment for our thriving community of doctoral students from all over the world.

Our PhD and MPhil students work closely with and are supported by the School's academic staff.

If you are a Welsh speaker our dedicated academy, Academi Hywel Teifi, is here to support you throughout your time at Swansea University. We offer you:

• An interview through the medium of Welsh when applying for a place.
• The option to receive your personal correspondence in Welsh - we will then communicate with you in your language of choice.
• The option to write and submit your coursework or exams through the medium of Welsh (even if you have chosen to study in English), and every effort will be made to mark your work in its original language.
• A Welsh-speaking personal tutor.
• One-to-one support to improve your academic Welsh language skills.

Since 2011, there has been a 40% increase in the number of students studying through the medium of Welsh at Swansea University and our TEF* data over the last two years shows that Welsh-medium students are high achievers in regards to employability (*Swansea University TEF return 2017 and 2018).

Annual tuition fees for entry in the academic year 2020/21 are as follows:

Tuition fees for years of study after your first year are subject to an increase of 3%.

You can find further information of your fee costs on our tuition fees page.

If your course starts in January, April or July 2020 please refer to the 2019/20 fee costs on our tuition fees page.

You may be eligible for funding to help support your study. To find out about scholarships, bursaries and other funding opportunities that are available please visit the University's scholarships and bursaries page.

International students and part-time study: It is now possible for some students to study part-time under the Tier 4 visa route. This is dependent on factors relating to the course and your individual situation. It may also be possible to study with us if you are already in the UK under a different visa category. Please visit the University information on Visas and Immigration for further guidance and support.

Current students: You can find further information of your fee costs on our tuition fees page.

You may be eligible for funding to help support your study.

Government funding is now available for Welsh, English and EU students starting eligible postgraduate research programmes at Swansea University. To find out more, please visit our postgraduate loans page.

To find out about scholarships, bursaries and other funding opportunities that are available please visit the University's scholarships and bursaries page.

Academi Hywel Teifi at Swansea University and the Coleg Cymraeg Cenedlaethol offer a number of generous scholarships and bursaries for students who wish to study through the medium of Welsh or bilingually. For further information about the opportunities available to you, visit the Academi Hywel Teifi Scholarships and Bursaries page.

You may face additional costs while at university, including (but are not limited to):

• Parking and travel to and from campus
• Printing, photocopying, stationery and equipment costs (e.g. USB sticks)
• Purchase of books or texts
• Printing and binding
• Gowns for graduation ceremonies

There are no mandatory additional costs specified for this course, but in addition to tuition fees and living expenses most studies will also incur a further element of cost throughout your research. This could take the form of travel costs, hospitality to run a focus group, conference fees, etc.

You should spend some time considering what other costs you may need to fund when designing your research proposal.

APPLICATION PROCESS STEPS AND ADVICE FOR APPLYING

Identifying Relevant Research Topics
Applicants are encouraged to explore the research expertise of the School to ensure a good fit between PhD proposals and potential supervisors. 

You are more than welcome to arrange a meeting with relevant staff in your field to discuss your proposal before submitting it.

Preparing Research Proposal
After you have identified a relevant research topic please prepare a detailed research proposal to include with your application. Guidance on writing a research proposal is also available.

How to Apply
After you have completed preparing an appropriate research proposal, please apply for a place on our PhD programme online here.

Please specify in your application who you have identified as your first and second supervisors.

Please note that it is advisable that you contact us before submitting your application. This will ensure we can identify appropriate supervisors, and where necessary work with you to refine your proposal.  If you would like to do this you should contact the School’s PGR team in the first instance at.

If you're an international student, you can find out more about applying for this course.

For further guidance please visit our how to apply for postgraduate study pages.

Suggested Application Timings

In order to allow sufficient time for consideration of your application by an academic, for potential offer conditions to be met and travel / relocation, we recommend that applications are made before the dates outlined below. Please note that applications can still be submitted outside of the suggested dates below but there is the potential that your application/potential offer may need to be moved to the next appropriate intake window.

October Enrolment

UK Applicants – 15th August

EU/International applicants – 15th July

January Enrolment

UK applicants – 15th November

EU/International applicants – 15th October

April Enrolment

UK applicants – 15th February

EU/International applicants – 15th January

July Enrolment

UK applicants – 15th May

EU/International applicants – 15th April

This Programme Specification refers to the current academic year and provides indicative content for information. The University will seek to deliver each course in accordance with the descriptions set out in the relevant course web pages at the time of application. However, there may be situations in which it is desirable or necessary for the University to make changes in course provision, either before or after enrolment.

Programme Summary

This PhD in Finance at Swansea will enable you to undertake a substantial project led by your own interests. It is a highly respected qualification which can present a career in academia or a wider scope for employment in fields such as education, government or the private sector. A thesis of 100,000 words will be submitted for assessment demonstrating original research with a substantive contribution to the subject area. The PhD is examined following an oral examination of the thesis (a viva voce examination or viva voce). You will acquire research skills for high-level work and skills and training programmes are available on campus for further support. There will be an opportunity to deliver presentations to research students and staff at departmental seminars and conferences. There may also be opportunities to develop your teaching skills through undergraduate tutorials, demonstrations and seminars.

Programme Aims

This PhD programme will provide doctoral researchers with:

1. The opportunity to conduct high quality postgraduate research in a world leading research environment.
2. Key skills needed to undertake advanced academic and non-academic research including qualitative and quantitative data analysis.
3. Advanced critical thinking, intellectual curiosity and independent judgement.

Programme Structure 

The programme comprises three key elements:

• Entry and confirmation of candidature
• Main body of research
• Thesis and viva voce

The programme comprises of the undertaking of an original research project of 3 years duration full time (6 years duration part time). Doctoral researchers may pursue the programme either full time or part time by pursuing research at the University at an external place of employment or with/at a University approved partner.

Assessment

Doctoral researchers for the PhD in Finance are examined in two parts.

The first part is a thesis which is an original body of work representing the methods and results of the research project. The maximum word limit is 100,000 for the main text. The word limit does not include appendices (if any), essential footnotes, introductory parts and statements or the bibliography and index.

The second part is an oral examination (viva voce).

Doctoral Researcher Supervision and Support

Doctoral researchers will be supervised by a supervisory team. Where appropriate, staff from Colleges/Schools other than the ‘home’ College/School (other Colleges/Schools) within the University will contribute to cognate research areas. There may also be supervisors from an industrial partner.

The Primary/First Supervisor will normally be the main contact throughout the doctoral research  journey and will have overall responsibility for academic supervision. The academic input of the Secondary Supervisor will vary from case to case. The principal role of the Secondary Supervisor is often as a first port of call if the Primary/First Supervisor becomes unavailable. The supervisory team  may also include a supervisor from industry or a specific area of professional practice to support the research. External supervisors may also be drawn from other Universities.

The primary supervisor will provide pastoral support. If necessary the primary supervisor will refer the  doctoral researcher to other sources of support (e.g. Wellbeing, Disability, Money Advice, IT, Library, Students’ Union, Academic Services, Student Support Services, Careers Centre). 

Programme Learning Outcomes

Upon successful completion of this programme, doctoral researchers should be able to:

Knowledge & Understanding

• Demonstrate the systematic acquisition and understanding of a substantial body of knowledge which is at the forefront of research through the development of a written thesis.
• Create, interpret, analyse and develop new knowledge through original research or other advanced scholarship. 
• Disseminate new knowledge gained through original research or other advanced scholarship via high quality peer reviewed publications within the discipline.
• Apply research skills and subject theory to the practice of research.
• Apply process and standards of a range of the methodologies through which research is conducted and knowledge acquired and revised. 

Attitudes and values

• Conceptualise, design and implement a project aimed at the generation of new knowledge or applications within Finance.
• Make informed judgements on complex issues in the field of Finance, often in the absence of complete data and defend those judgements to an appropriate audience.
• Apply sound ethical principles to research, with due regard for the integrity of persons and in accordance with professional codes of conduct.
• Demonstrate self-awareness of individual and cultural diversity, and the reciprocal impact in social interaction between self and others when conducting research involving people.

Research Skills

• Respond appropriately to unforeseen problems in project design by making suitable amendments.
• Communicate complex research findings clearly, effectively and in an engaging manner to both specialist (including the academic community), and non-specialist audiences using a variety of appropriate media and events, including conference presentations, seminars and workshops.
• Correctly select, interpret and apply relevant techniques for research and advanced academic enquiry.
• Develop the networks and foundations for on-going research and development within the discipline.
• Implement  advanced research skills to a substantial degree of independence.
• Locate information and apply it to research practice.

Skills and Competencies

• Display the qualities and transferable skills necessary for employment, including the exercise of personal responsibility and largely autonomous initiative in complex and unpredictable situations, in professional or equivalent environments.

Progression Monitoring 

Progress will be monitored in accordance with Swansea University regulations. During the course of the programme, the Doctoral researcher is expected to meet regularly with their supervisors, and at most meetings it is likely that the doctoral researcher’s progress will be monitored in an informal manner in addition to attendance checks. Details of the meetings should ideally be recorded on the on-line system. A minimum of four formal supervision meetings is required each year, two of which will be reported to the Postgraduate Progression and Awards Board. During these supervisory meetings the  doctoral researcher’s progress is discussed and formally recorded on the on-line system. 

Learning Development

The University offers training and development for Doctoral Researchers  and supervisors (https://www.swansea.ac.uk/research/undertake-research-with-us/postgraduate-research/training-and-skills-development-programme/).

Swansea University’s Postgraduate Research Training Framework is structured into sections, to enable doctoral researchers to navigate and determine appropriate courses aligned to both their interest and their candidature stage. 

There is a training framework including for example areas of Managing Information and Data, Presentation and Public Engagement, Leadership and working with others, Safety Integrity and Ethics, Impact and Commercialisation and Teaching and Demonstrating. There is also range of support in areas such as training needs, literature searching, conducting research, writing up research, teaching, applying for grants and awards, communicating research and future careers.

A range of research seminars and skills development sessions are provided within the School of Management and across the University. These are scheduled to keep the  doctoral researcher in touch with a broader range of material than their own research topic, to stimulate ideas in discussion with others, and to give them opportunities to such as defending their own thesis orally, and to identify potential criticisms. Additionally, the School is developing a research culture that aligns with the University vision and will link with key initiatives delivered under the auspices of the University’s Academies, for example embedding the HEA fellowship for postgraduate research students.

Research Environment

Swansea University’s research environment combines innovation and excellent facilities to provide a home for multidisciplinary research to flourish. Our research environment encompasses all aspects of the research lifecycle, with internal grants and support for external funding and enabling impact/effect that research has beyond academia. 

Swansea University is very proud of our reputation for excellent research, and for the calibre, dedication, professionalism, collaboration and engagement of our research community. We understand that integrity must be an essential characteristic of all aspects of research, and that as a University entrusted with undertaking research we must clearly and consistently demonstrate that the confidence placed in our research community is rightly deserved. The University therefore ensures that everyone engaged in research is trained to the very highest standards of research integrity and conducts themselves and their research in a way that respects the dignity, rights, and welfare of participants, and minimises risks to participants, researchers, third parties, and the University itself.

School of Management

The School of Management is a Top 30 UK Business School and ranks Top 10 in terms of Research Impact, with 90% of submissions earning a World-leading 4* or Internationally Excellent 3* rating (REF 2014). Our mission is to produce collaborative, innovative and multidisciplinary research by working with some of the brightest and best researchers from around the world. We build life-long connections to our research community, industrial supporters and students through embedded partnership working and alumni relationships. We are committed to producing and disseminating world-class research to increase knowledge, skills, understanding and impact. The School of Management provides a supportive and friendly environment for our thriving community of doctoral students from all over the world. Our PhD and MPhil students work closely with and are supported by the School's academic staff and have exclusive use of our postgraduate research (PGR) suite and access to kitchen facilities.

Career Opportunities

Having a PhD demonstrates that graduates can work effectively in a team, formulate, explore and communicate complex ideas and manage advanced tasks. Jobs in academia (eg postdoctoral research, lecturing), education, government, management, the public or private sector are possible. Examples include administrators, counsellors, marketing specialists, and researchers.

The Postgraduate Research Office Skills Development Team offer support and a training framework for example in creating a researcher profile based upon publications and setting up your own business. The Swansea Employability Academy assists students in future career opportunities, improving CVs, job applications and interview skills.

1st October, 1st January, 1st April, 1st July.