PhD Programmes in Accounting and Finance

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

About the programme

Do you want to join a quadruple-accredited, world-ranked Management School? We are the UK’s most research-intensive business school according to the latest Research Excellence Framework. Our programme will provide you with the skills to become outstanding researchers who can thrive in the world’s leading business schools.

Our internationally-respected 4-year PhD programmes in both Accounting and Finance take place in a friendly international community. Our department includes editors of leading journals with academics operating an open-door policy for our doctoral students. You will also have access to cutting-edge databases, scientific computing facilities, IT support, dedicated office space, workshops, conferences, a vibrant seminar series, and an opportunity to spend a semester abroad at one of our U.S. partner schools.

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.

Tab Content: PhD in Accounting

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

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
Advanced Accounting Seminar II 15
1 Elective 15
Teaching Skills Attendance
Term Three
Pilot study (draft 1st paper) 40
Teaching Skills Attendance
Total: 190 credits

Tab Content: PhD in Finance

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

Term One
Quantitative Methods 15
Corporate Finance I (Theory) 15
Asset Pricing I (Theory) 15
2 Electives 30
Teaching Skills Attendance
Term Two
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

Tab Content: 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.

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

Tab Content: Databases

Throughout your studies, you will have access to a wide range of leading databases and other resources to enhance your learning:

In Department
Audit Analytics CSMAR FDIC PHLX
Bank Regulatory Datastream Federal Reserve Bank Reports Refinitiv Eikon
Bankscope DealScan I/B/E/S SNL Financial
Bloomberg Professional Eventus ISS (formerly RiskMetrics) TAQ
BoardEx Execucomp OptionMetrics TRACE
Compustat Fama French Perfect Filings WRDS

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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.

For more information, please contact Justin Chircop

Studentships and Funding

Our studentships and funding opportunities for PhD study are available through the UK's research councils, through Lancaster University, and through various other organisations. We provide below the details of some different types of studentships, which include fees and a living allowance, and further links for other funding opportunities.


PhD students

Job Market Candidates

Our Accounting and Finance job market candidates are listed below. For a full list of LUMS candidates, please visit our PhD Job Market Candidates page. For further details, please contact the Doctoral Office.

Visiting PhD Scholars Program


  • The Visiting PhD Scholars program is intended for current doctoral students who are sufficiently fluent in English and proficient in their disciplines to make a positive contribution to the research culture of Lancaster University Management School (LUMS).
  • Applicants must be doctoral students. Individuals who have already obtained their PhD are not eligible for this program.
  • The Visiting PhD Scholars program and its requirements and procedures are subject to change without notice.


Visiting PhD Scholars are charged a registration levy of £500 for visits of up to 3 months.

For visits more than 3 months, visiting PhD Scholars are charged a tuition fee at the standard rate (e.g., £18,590 per year at the 2021/22 rate) or on a pro-rata basis. The department is a member of the EAA ARC International PhD Visit Scheme that provides funding for visiting PhD Scholars.


In order to apply for this PhD Visiting Scholar Program, students must first find a LUMS faculty supervisor. A directory of Accounting and Finance faculty along with a description of their research interests and contact information can be found in the Faculty pages.

To be considered, applicants must submit the following documents to PhD Director in Accounting, Professor Igor Goncharov or PhD Director in Finance, Dr Chelsea Yao.

  1. CV
  2. Academic transcripts (including PhD coursework transcript)
  3. A request for a specific time to visit (begin date and end date)
  4. A brief statement (not to exceed two pages) written by the applicant explaining the purpose and goals of the visit, including the details of the research project that the applicant plans to work on while in Lancaster
  5. A recommendation letter from a faculty member at the applicant’s home institution.

Interested students should apply at least three months prior to the start of their intended visit.

Alumni Profiles

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