PhD
Finance
The Finance group at MIT Sloan delves into the study of markets for real and financial assets, emphasizing the practical applications of modern financial theory widely adopted by Wall Street and corporations. Students gain a robust understanding of foundational theories and acquire the tools necessary for conducting both theoretical and applied research. After completing coursework in microeconomics and macroeconomics, students tailor their research programs with faculty guidance, often contributing to and expanding on faculty research. Notable faculty members include Hui Chen, whose research intersects asset pricing and corporate finance; Deborah Lucas, known for her work on public sector financial management; and Maryam Farboodi, who explores the economics of big data and its impact on financial markets.
Research from Finance Faculty
Big-picture AI: Ideas from MIT Sloan Management Review
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Enterprises racing to adopt AI must be wary of giving into hype, downplaying ethical concerns, and focusing on use cases that won’t generate real value.
Massachusetts-based company launches program to fund community solar projects
Solstice is charging a premium on renewable energy credits to companies like Microsoft to create a fund for solar projects in underserved communities
Summer electricity bills set to jump higher than last year — here's why
Professor Robert Pindyck told Newsweek there was "just one reason" behind rising electricity bills, "and that's the grid. We have a very antiquated, inefficient grid here in the United States, and the result is that if there's any increase in demand — even if the electricity can be generated cheaply — it's very hard to move it from A to B," he said.
'Dark pools' are handling more stock trades. Wall street is fighting back.
The rules for dark pools allow flexibility, says associate professor Haoxiang Zhu. Pools can merely file a note informing the agency of a change in their operations. While an exchange must provide fair access to anyone who wants to trade, a pool can discriminate as long as its trading in any stock remains below 5% of the stock's total market volume. That leaves pools freer to innovate.
Select Finance Faculty
Full-Time Faculty
Paul Asquith
Gordon Y Billard Professor of Finance
Paul Asquith is the Gordon Y Billard Professor of Finance and a Professor of Finance at the MIT Sloan School of Management.Asquith is a specialist in corporate finance and a media source for the field of corporate finance and control, including…
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Hui Chen
Nomura Professor of Finance
Hui Chen is the Nomura Professor of Finance and a Professor of Finance at the MIT Sloan School of Management.His research focuses on asset pricing and its connections with corporate finance. Chen is particularly interested in the interactions…
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John C. Cox
Nomura Professor of Finance, Emeritus
John Cox is the Nomura Professor of Finance, Emeritus at the MIT Sloan School of Management.A leading authority on corporate finance and finance theory, Cox has developed an inter-temporal financial model broad enough to include the fundamental…
Learn MoreExample PhD Thesis Topics
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Maya Bidanda (2024)
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Timothy de Silva (2024)
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Allison Cole (2023)
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Parinitha Sastry (2022)
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Peter Hansen (2021)