Structure of the PhD Program

The PhD program is a 5-year, full-time program that is structured into coursework and research. The aim of the coursework is to equip students with the tools necessary to develop innovative research in finance.

Core & Elective Courses

In their first three years of their PhD studies, students take a range of courses, which include core and elective courses. To find out more about courses, click here.

Choice of research area(s) & supervisor(s)

Students generally choose their supervisor(s) in their second year, after developing their research interests. Our faculty's research areas include, among others, corporate finance, asset pricing, financial intermediations and market microstructure. To find out more about our faculty, click here.


In their third year, students start focusing on research. Our students write three research papers including a singled-authored paper.

Finance Research Seminar

Every week, VGSF organizes a seminar hosting top international researchers presenting their current work. This weekly event exposes our students to innovative research ideas and to a network of scholars in finance.

Annual VGSF Conference

This annual conference provides students with the opportunity to present their research to the entire VGSF faculty and to receive valuable insights and feedback. The conference lasts one day and a half and includes a networking dinner.

Travel grants

Students’ papers accepted to major conferences receive travel grants. In addition, students join local seminars and events organized by the supporting institutions.


VGSF students are fully funded. They are employed by the University of Vienna or WU Vienna and exempted from tuition fees.