City University of Macau – PhD in Finance

University
City University of Macau
Region
Macau
Subject
Finance
Places
2
Intake
October
Duration
3 years
Format
In person

Research Focus

Capital allocation, financing efficiency, digital penetration, green finance, digital finance, cultural finance, sustainability, corporate finance, technology empowerment.

Programme Structure and Funding

This programme is a full-time PhD programme, taught in Chinese, with 2 places. The duration of study is 3 years, and the tuition fee is approximately MOP 128,850 per year (approximately RMB 108,151). 3. Application Period: applications open in early October each year, and the deadline is usually 31 January of the following year, with rolling review and admission.

Scholarships

① Outstanding Doctoral Student Entrance Scholarship: waiver of first-year tuition fees. Application conditions: Institutional background: bachelor’s and master’s degrees from 985/211 / Double First-Class universities, or top 100 universities worldwide; applicants from non-Double First-Class institutions must have exceptionally outstanding academic results; Academic standards: an average score of 80 or above on a 100-point scale or a GPA of 3.2/4 or above; Priority bonus points: CET6 ≥500 / IELTS 6.5 / TOEFL 90; possession of research papers in finance or research awards at provincial level or above.

Entry Requirements

The programme is suitable for students with research interests in the field of finance, including applicants from related majors such as business administration, finance, financial studies and economics.

  • Academic background: ① possession of a master’s degree, having studied related majors such as business administration, finance, financial studies or economics; ② graduates of 985/211 universities or top 500 universities worldwide are preferred;
  • Language requirements: IELTS 6.5 or above is preferred;
  • Grade requirements: 85 (on a 100-point scale) or above is preferred;
  • Other requirements: applicants who have published papers, have research experience, have completed empirical research papers, or possess academic awards, scholarships, research competitions or other notable achievements will be given priority consideration.

Application Materials

  1. Master’s graduation certificate or degree certificate; 2) Master’s stage academic transcript; 3) Doctoral research proposal (Research Proposal, 3,000 words); 4) Recommendation forms from two experts or scholars; 5) Curriculum vitae; 6) Other important public examination certificates / English proficiency certificates / award certificates (if any); 7) Past research outputs (if any).

Career Prospects

PhD graduates in finance have broad employment coverage, high career levels and clear development paths. Supported by solid financial theoretical foundations from the curriculum, systematic research training and practical ability development, they can fit into diverse high-quality employment tracks such as academic research, the high-end financial industry, government and enterprise management, and cross-border financial services, with outstanding career competitiveness and long-term development potential.

Graduates may engage in teaching, research and discipline development in finance, economics, financial engineering, digital finance and other related fields at various higher education institutions and professional research institutions at home and abroad, and are competent in core work such as course teaching, research projects, publication of research papers and application for research projects, meeting the talent needs of finance discipline development and research innovation in higher education institutions in the new era.

At the same time, graduates may become deeply involved in various financial and economic fields, taking up positions at platforms such as the banking industry, insurance industry, securities and futures industry, fund and asset management industry, accounting firms, investment and financing consulting institutions, finance departments of large enterprises, government financial regulatory and economic management institutions, and cross-border and multinational financial organisations. They may engage in high-end core positions such as asset management, investment research, investment and financing consulting, corporate financial management, financial market analysis, risk control, financial policy research and industry education and training, fitting the development needs of various middle- and senior-level professional technical and management positions.

Most graduates of this programme go on to deepen their work in the field of education and research, successfully taking up positions at public and private universities, vocational colleges and research institutes across various provinces and cities in the mainland, serving in corresponding positions such as full-time teachers in finance-related majors, research specialists and discipline backbone staff, with high career stability and steady development paths. Most of the remaining graduates go on to deepen their work in mainstream financial industries, focusing on core tracks such as banking, securities, funds and insurance. With solid academic literacy and professional ability, they quickly grow into middle- and senior-level management talent, business leaders and technical backbone staff within institutions, often serving in core management and professional positions such as corporate executives, department heads, project leaders and chief analysts.

Relying on Macau’s locational advantages and the financial cooperation resources of the Guangdong-Hong Kong-Macao Greater Bay Area and Portuguese-speaking countries, graduates of this programme possess a cross-border financial perspective and a composite knowledge structure, and can meet the high-end talent needs of emerging fields such as cross-border finance, digital finance, wealth management and financial innovation in the Greater Bay Area. They may also apply for financial management positions in civil service and public institutions in various places, or join multinational financial institutions and foreign-related economic and trade organisations to carry out cross-border financial research and practical work. Employment choices are diverse and development prospects are broad, enabling multi-dimensional career advancement such as deep academic development, deep industry development and government-enterprise development.