Dynamic Models of Corporate Finance

    PhD in Dynamic Models of Corporate Finance at Carnegie Mellon University

    PhD in Dynamic Models of Corporate Finance at Carnegie Mellon University

    Carnegie Mellon University offers the PhD of Dynamic Models of Corporate Finance as a full-time degree delivered on campus at its main campus in Pittsburgh , United States of America. Taught in English and completed over 4 years, the program equips students with the theoretical knowledge and practical skills required for dynamic models of corporate finance and related professional fields. The next available intake begins on August 22, 2026.

    About PhD in Dynamic Models of Corporate Finance

    This is a PhD course intended for doctoral students in finance, economics, and related fields. We will study dynamic quantitative models of corporate investment, financing, and related decisions. The topics will be primarily in the area of corporate finance, broadly defined. The course will focus around two main objectives: 1. to develop the tools necessary to solve and estimate dynamic quantitative models; 2. to understand the issues, debates, and methods of research in this area. The tools we develop will form a basis for producing original research on these topics.

    Requirements and Admission Criteria for PhD in Dynamic Models of Corporate Finance at Carnegie Mellon University

    Entry Requirements

    GPA

    3.41

    Average

    3.43

    Median

    3.03-3.76

    Middle 80%

    English Requirements

    • IELTSMin 7.5
    • TOEFLMin 102

    English Program Requirements

    Candidates are required to demonstrate a level of competence in English to meet the admissions requirements of the university. You are required to take a TOEFL, IELTS, or Duolingo exam unless:

    • You attended an undergraduate institution, earning a bachelor’s degree, where the sole language of instruction was English.
    • You earned a graduate degree where the sole language of instruction was English. (Although not required, we do recommend that you take the English Language Proficiency exam.)

    You must request that the official score be sent from the testing agency to our program for us to verify the score entered into the application. Request that the official score be sent to us using the following codes:

    • TOEFL Program Code: Institutional Code = 2074; Departmental Code = 02
      • Pro Tip: The recommended TOEFL score is 25 on each section of the Internet-based test. The minimum TOEFL scores required to apply for admission are: Reading: 20, Listening: 20, Speaking: 20, Writing: 20
    • IELTS Program Code: Select Carnegie Mellon and the Tepper School of Business 
      • Pro Tip: The recommended IELTS score is 7 overall and 7 in each band. The minimum IELTS scores required to apply for admission are: Listening: 7, Reading: 7, Writing: 7, Speaking: 7, Overall Band: 7
    • Duolingo Program Code: Select Carnegie Mellon University – Tepper School of Business
      • Pro Tip: The recommended Duolingo English Test (DET) score is 120 overall

    Pro Tip: TOEFL and IELTS scores are valid for two years and must be valid at the time you submit your application.

    Pro Tip: If you earned a degree from a non-U.S. institution, your academic documents should state that the sole language of instruction for the entire university was English in order to be eligible for a TOEFL/IELTS/Duolingo waiver. If your academic documents don’t include this, you should upload an official letter from the University Registrar indicating English as the mode of instruction for the entirety of the degree.

    Fee Information

    Application Fee 75
    PhD in Dynamic Models of Corporate Finance at Carnegie Mellon University
    Carnegie Mellon University
    Carnegie Mellon University
    United States of America

    United States of America, Pittsburgh

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