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Finance as an area of expertise has extended its scope with help of developments in recent years. Besides, risk management, derivative markets, banking, insurance, behavioral finance, investment analysis and management, financial modeling, international financial markets have become academic specialization fields as sub-disciplines of finance. The aim of the PhD program in Finance is to develop academicians and professionals who are capable of conducting high quality scientific research and are eligible to meet the increasing demand for qualified manager in the field. Graduates of the program are leading researchers in the field of finance who are qualified in quantitative research methods in finance and financial econometrics, can follow theoretical literature in micro and macroeconomics, contribute to current issues in national and international financial system and create scholarly solutions to increase the financial efficiency of real sector firms.
To see the course details (such as objectives, learning outcomes, content, assessment and ECTS workload), click the relevant Course Code given in the table below.
1. Year Fall Semester | ||||||
Code | Pre. | Course Name | Theory | Application/Laboratory | Local Credits | ECTS |
ECON 601 | Microeconomic Theory I | 3 | 0 | 3 | 10 | |
FIN 601 | Corporate Finance Theory | 3 | 0 | 3 | 10 | |
FIN 603 | Financial Econometrics | 3 | 0 | 3 | 10 | |
Total : | 30 |
1. Year Spring Semester | ||||||
Code | Pre. | Course Name | Theory | Application/Laboratory | Local Credits | ECTS |
ECON 603 | Macroeconomic Theory I | 3 | 0 | 3 | 10 | |
FIN 602 | Empirical Research in Finance | 3 | 0 | 3 | 10 | |
FIN 604 | Quantitative Methods in Finance | 3 | 0 | 3 | 10 | |
Total : | 30 |
2. Year Fall Semester | ||||||
Code | Pre. | Course Name | Theory | Application/Laboratory | Local Credits | ECTS |
ELEC 000 | Elective Course | 3 | 0 | 3 | 10 | |
FIN 605 | Financial Modelling | 3 | 0 | 3 | 10 | |
ITF 603 | Research Seminar in Finance | 3 | 0 | 3 | 10 | |
Total : | 30 |
2. Year Spring Semester | ||||||
Code | Pre. | Course Name | Theory | Application/Laboratory | Local Credits | ECTS |
ELEC 001 | Elective Course I | 3 | 0 | 3 | 10 | |
ELEC 002 | Elective Course II | 3 | 0 | 3 | 10 | |
ITF 693 | Applied Scientific Research | 3 | 0 | 3 | 10 | |
Total : | 30 |
3. Year Fall Semester | ||||||
Code | Pre. | Course Name | Theory | Application/Laboratory | Local Credits | ECTS |
FIN 695 | Comprehensive Exam | 0 | 0 | 0 | 30 | |
Total : | 30 |
3. Year Spring Semester | ||||||
Code | Pre. | Course Name | Theory | Application/Laboratory | Local Credits | ECTS |
FIN 699 | Thesis | 0 | 0 | 0 | 30 | |
Total : | 30 |
Elective Courses | ||||||
Code | Pre. | Course Name | Theory | Application/Laboratory | Local Credits | ECTS |
ECON 604 | Macroeconomic Theory II | 3 | 0 | 3 | 10 | |
ECON 605 | Statistics | 3 | 0 | 3 | 10 | |
ECON 606 | Econometrics | 3 | 0 | 3 | 10 | |
FIN 610 | International Financial Management | 3 | 0 | 3 | 10 | |
FIN 611 | Derivatives and Risk Management | 3 | 0 | 3 | 10 | |
FIN 612 | Behavioral Finance | 3 | 0 | 3 | 10 | |
FIN 613 | Financial Institutions and Markets | 3 | 0 | 3 | 10 | |
FIN 614 | Bank Management | 3 | 0 | 3 | 10 | |
FIN 615 | Stochastic Processes in Finance | 3 | 0 | 3 | 10 | |
FIN 616 | Time Series Analysis | 3 | 0 | 3 | 10 | |
FIN 617 | Market Microstructure and Asset Pricing | 3 | 0 | 3 | 10 | |
ITF 602 | Investment Analysis and Portfolio Management | 3 | 0 | 3 | 10 | |
ITF 605 | Financial Economics | 3 | 0 | 3 | 10 |
The students studying in this Ph.D program are required:
Take at least 7 courses with 21 local credits (Master degree holders),
Take at least 14 courses with 42 local credits (Undergraduate degree holders),
Take 240 ECTS and obtain a GPA of 3.00 over 4.00 (Master degree holders),
Take 300 ECTS and obtain a GPA of 3.00 over 4.00 (Undergraduate degree holders),
Pass the proficiency exam,
Succeed in thesis proposal and thesis exam,
Prepare and defend a doctoral thesis,
Score at least CC/S in all the master program courses required by the program, and at least CB/S in all the doctoral program courses.
The Finance program at Izmir University of Economics offers a comprehensive curriculum designed to equip students with a solid understanding of financial principles, investment strategies, and risk management techniques. The program is structured to cover fundamental areas such as corporate finance, financial markets and institutions, international finance, and personal financial planning, ensuring that graduates are well-prepared for various roles in the financial sector. Students gain practical experience through case studies, simulations, and internships, fostering the application of theoretical knowledge to real-world scenarios. The faculty comprises experienced academics and industry professionals who provide insights into current financial practices and innovations. The program emphasizes analytical skills, critical thinking, and ethical considerations in finance to prepare students for responsible decision-making. Graduates find employment opportunities in banking, asset management, financial consulting, insurance, and corporate finance departments of multinational and local companies. The program also encourages development of entrepreneurial skills and offers courses related to financial technology (FinTech), promoting adaptability to the rapidly evolving financial landscape. Students have access to state-of-the-art financial laboratories and resources that support their research and project work. The curriculum is aligned with international standards and continuously updated to reflect changes in global financial markets. Additionally, the program promotes research activities and supports participation in conferences and workshops, fostering academic growth and professional networking. Upon completion, graduates receive a Bachelor's degree in Finance, qualifying them for further studies or direct entry into the finance industry. Overall, the program aims to produce competent, ethical, and innovative finance professionals capable of contributing effectively to economic development and financial stability in Turkey and beyond.
The Finance Program at Izmir University of Economics is designed to equip students with comprehensive knowledge and practical skills in the field of finance. The curriculum covers fundamental areas such as financial accounting, managerial finance, investment analysis, risk management, and international finance. Students are encouraged to develop strong analytical abilities, problem-solving skills, and a solid understanding of financial markets and institutions. The program emphasizes a balanced approach, integrating theoretical frameworks with real-world application through case studies, internships, and projects.
Graduates of the Finance Program are prepared for careers in banking, investment firms, corporate finance departments, financial consultancy, and insurance companies, among others. The program also provides a solid foundation for those who wish to pursue advanced degrees or professional certifications such as CFA or CPA. Students have access to modern financial simulation tools and participate in workshops led by industry professionals, which enhances their practical understanding of financial decision-making processes.
Izmir University of Economics focuses on providing a global perspective, encouraging students to engage with international financial issues and cross-cultural communication. The faculty comprises experienced academics and practitioners who bring current industry trends and research into the classroom. The program also offers opportunities for international exchange and collaboration, helping students develop a broader perspective and network within the global financial community.
The university ensures that students are well-prepared for the competitive job market by providing career development services, including resume workshops, interview preparation, and job placement support. The program's strong emphasis on ethical standards and social responsibility prepares students to become principled professionals who can contribute positively to the financial sector and society at large. Overall, the Finance Program at Izmir University of Economics aims to cultivate competent, innovative, and responsible finance professionals ready to meet the challenges of the ever-evolving financial industry.