PhD Programmes in Accounting and Finance

We recruit the finest calibre PhD students of all backgrounds from across the world.

About the programme

We strive to attain the highest level of academic excellence in teaching and research in pursuit of our goal of producing graduates and researchers who reflect the institution's high-quality standards with distinction and honour. As an international research and academic training institute, we are proud to host excellent research students from a wide range of nationalities.

Our department focuses exclusively on full-time, intensive 4-year PhD programmes in both Accounting and Finance so we don't currently offer distance-learning or part-time opportunities. Every year we take up to ten new PhD candidates, who are immersed in our research activities and enjoy networking opportunities and the chance to attend a range of workshops and conferences. We provide an excellent research environment for our doctoral researchers, including dedicated office space, access to many specialised datasets and databases, as well as scientific computing facilities and IT support.  

Find a PhD topic


The first step towards your PhD is to find potential research areas that match your interests and the research interests of our faculty. Before you submit your application, please review the research interests of our academics to find a synergy with your own proposed topic area. We do not expect you to contact potential supervisors before submitting your application.

LUMS building

"Throughout my PhD I discussed and debated research thinking with my supervisors, who are excellent and outstanding scholars."


Chi-Hsiou Hung, PhD Accounting & Finance, 2004

Programme Structure

During your first year, you will be required to complete modules including accounting and finance theory, econometric and statistical methods and research methodology. Explore our module listings in the tabs below and in the ‌Accounting and Finance PhD Handbook 2018-19. You will also have access to a range of leading databases.

PhD in Accounting

Below is an overview of the modules you will study in your first year:

ModulesCredits
Term One  
Advanced Financial Accounting (Theory) 15
Advanced Accounting (Theory) 15
Quantitative Methods 15
Corporate Finance I (Theory) 15
1 Elective 15
Teaching Skills Attendance
Term Two  
Advanced Accounting (Empirics) 15
Econometric Topics in Accounting and Finance 15
Advanced Accounting Seminar II  15
Data and Programming for Accounting Research 15
1 Elective 15
Teaching Skills Attendance
Term Three  
Pilot study (draft 1st paper)   40
Teaching Skills Attendance
  Total: 190 credits

PhD in Finance

Below is an overview of the modules you will study in your first year. 

ModuleCredits
Term One  
Quantitative Methods 15
Corporate Finance I (Theory) 15
Asset Pricing I (Theory) 15
2 Electives 30
Teaching Skills Attendance
Term Two  
Econometric Topics in Accounting and Finance 15
Corporate Finance II (Empirics) 15
Asset Pricing II (Empirics) 15
2 Electives 30
Teaching Skills Attendance
Term Three  
Pilot study (draft 1st paper)   40
  Total: 190 credits

Research Training Seminars

These seminars are open to PhD students from all programmes, with two compulsory seminars in the first term. All PhD students are strongly encouraged to attend the seminars that you think will aid your study.

SeminarCompulsory/Optional
Term One  
Strategies for Success: Managing your PhD - Getting Started Optional
Plagiarism Compulsory
Ethics and Research Compulsory
Evaluating Academic Literature & Writing Your Literature Review Optional
Managing Writing Optional
Career Planning Part 1 - preparing to secure an academic post Optional
Writing retreat Optional
Career Planning Part 2 - Developing an online Academic Portfolio Optional
Term Two  
Career Planning Part 3 - Applying for Academic Jobs Optional
Nvivo Training 1 Optional
Establishing an Intellectual Identity Optional
Strategies for success: Managing your PhD - Staying Focused, Getting Finished Optional
Panels and Reviews Optional
Enjoying your Viva Optional
Writing for Academic Journals in the Context of your Career Optional
How to Write a Thesis Optional
Writing Retreat / Nvivo training 2 Optional
Term Three  
How to Present your Work in Public and at Conferences   Optional
Getting an Academic Job and Managing your Career Optional
How to get your book published / Atlas Session 1 Optional
Postdoc Funding Optional
Atlas Session 2 Optional
Writing Retreat Optional

Databases

Throughout your studies, you will have access to a wide range of leading databases and other resources to enhance your learning. These include our department-based databases, and those based in our library.

In Department   In Library  
Audit Analytics CRSP Fama French Perfect Information Business Insights SourceOECD
Bank Regulatory CSMAR FDIC PHLX Datamonitor (DBIC) UKDA
Bankscope Datastream Federal Reserve Bank Reports SNL Financial ESDS  
Bloomberg Professional DealScan I/B/E/S TAQ Euromonitor (GMID)  
BoardEx Eventus ISS (formerly RiskMetrics) Thomson Reuters Eikon FAME  
Compustat Execucomp OptionMetrics TRACE FT.com  
      WRDS    
  • PhD in Accounting

    PhD in Accounting

    Below is an overview of the modules you will study in your first year:

    ModulesCredits
    Term One  
    Advanced Financial Accounting (Theory) 15
    Advanced Accounting (Theory) 15
    Quantitative Methods 15
    Corporate Finance I (Theory) 15
    1 Elective 15
    Teaching Skills Attendance
    Term Two  
    Advanced Accounting (Empirics) 15
    Econometric Topics in Accounting and Finance 15
    Advanced Accounting Seminar II  15
    Data and Programming for Accounting Research 15
    1 Elective 15
    Teaching Skills Attendance
    Term Three  
    Pilot study (draft 1st paper)   40
    Teaching Skills Attendance
      Total: 190 credits
  • PhD in Finance

    PhD in Finance

    Below is an overview of the modules you will study in your first year. 

    ModuleCredits
    Term One  
    Quantitative Methods 15
    Corporate Finance I (Theory) 15
    Asset Pricing I (Theory) 15
    2 Electives 30
    Teaching Skills Attendance
    Term Two  
    Econometric Topics in Accounting and Finance 15
    Corporate Finance II (Empirics) 15
    Asset Pricing II (Empirics) 15
    2 Electives 30
    Teaching Skills Attendance
    Term Three  
    Pilot study (draft 1st paper)   40
      Total: 190 credits
  • Research Training Seminars

    Research Training Seminars

    These seminars are open to PhD students from all programmes, with two compulsory seminars in the first term. All PhD students are strongly encouraged to attend the seminars that you think will aid your study.

    SeminarCompulsory/Optional
    Term One  
    Strategies for Success: Managing your PhD - Getting Started Optional
    Plagiarism Compulsory
    Ethics and Research Compulsory
    Evaluating Academic Literature & Writing Your Literature Review Optional
    Managing Writing Optional
    Career Planning Part 1 - preparing to secure an academic post Optional
    Writing retreat Optional
    Career Planning Part 2 - Developing an online Academic Portfolio Optional
    Term Two  
    Career Planning Part 3 - Applying for Academic Jobs Optional
    Nvivo Training 1 Optional
    Establishing an Intellectual Identity Optional
    Strategies for success: Managing your PhD - Staying Focused, Getting Finished Optional
    Panels and Reviews Optional
    Enjoying your Viva Optional
    Writing for Academic Journals in the Context of your Career Optional
    How to Write a Thesis Optional
    Writing Retreat / Nvivo training 2 Optional
    Term Three  
    How to Present your Work in Public and at Conferences   Optional
    Getting an Academic Job and Managing your Career Optional
    How to get your book published / Atlas Session 1 Optional
    Postdoc Funding Optional
    Atlas Session 2 Optional
    Writing Retreat Optional
  • Databases

    Databases

    Throughout your studies, you will have access to a wide range of leading databases and other resources to enhance your learning. These include our department-based databases, and those based in our library.

    In Department   In Library  
    Audit Analytics CRSP Fama French Perfect Information Business Insights SourceOECD
    Bank Regulatory CSMAR FDIC PHLX Datamonitor (DBIC) UKDA
    Bankscope Datastream Federal Reserve Bank Reports SNL Financial ESDS  
    Bloomberg Professional DealScan I/B/E/S TAQ Euromonitor (GMID)  
    BoardEx Eventus ISS (formerly RiskMetrics) Thomson Reuters Eikon FAME  
    Compustat Execucomp OptionMetrics TRACE FT.com  
          WRDS    

Financial Databases

Developing your practical knowledge in preparation for your future career is an essential element of your degree, so the Department of Accounting and Finance provides you with access to a number of leading financial databases. This valuable resource enables you to acquire crucial skills that are highly desirable to employers, making you stand out in the competitive job market.

     
AuditAnalytics CRSP IBES Institutional (13f) Holdings Boardex
Bank Regulatory CSMAR Institutional Shareholder Services DealScan Filings Expert
Blockholders Eventus Option Metrics TRACE SNL Financial
Compustat Fama French & Liquidity Factors TAQ Datastream/Worldscope Bloomberg Professional
Execucomp GSIOnline Mutual Fund Holdings (s12) Thomson Reuters Financial HFR Database

For more information, please contact Justin Chircop

Studentships & Funding

We offer a range of funding opportunities and studentships through Lancaster University, UK research councils and various other organisations. For more details, please visit our Apply for PhD page.

Apply for PhD