PhD Scholarships in Finance, The University of Copenhagen 2023

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The University of Copenhagen in Denmark is offering PhD scholarships in Finance for the year 2023, and these scholarships are open to international students. Students will be able to pursue their PhD studies in finance at the University of Copenhagen. The Department of Finance at the Copenhagen Business School is accepting applications for these scholarships, which are available for both the traditional three-year PhD program and the 4+4 PhD program. The scholarships cover various areas of finance, including special focus areas such as housing and mortgage finance, household finance, big data in finance, and pension finance. The application process is the same for all scholarships, and the deadline for submitting the application is 27 Feb 2023.

At CBS, the three-year PhD program provides a chance for students to engage in research with the supervision of CBS faculty and participate in PhD courses that focus on research. The program has a strong international focus, requiring students to attend international research conferences and spend time as visiting PhD students at other research institutions. Additionally, students are expected to take an active role in the Department’s research events, such as seminars and conferences.

Graduates of the Department of Finance’s PhD program have achieved success in academia by becoming researchers at renowned universities and business schools, as well as in the corporate world by working for leading financial institutions.

Copenhagen Business School places a high priority on excellence, distinctiveness, and relevance in its educational and research initiatives, and it seeks applicants who share a commitment to thrive in such an environment. It is expected that applicants demonstrate their enthusiasm for working within this setting.


The University of Copenhagen is a highly respected public research university located in Copenhagen, Denmark. With a founding date of 1479, it is the second-oldest university in Scandinavia, following Uppsala University. The University of Copenhagen is recognized as one of the top universities in the Nordic countries, Europe, and the world.

Areas of Focus

The scholarship program offers the opportunity to study a specific subject, and in this case, the subject available is Finance.


The scholarship program offers a three-year PhD scholarship that includes half a year’s worth of teaching obligations (equivalent to 840 work hours). Successful applicants will receive a fully salaried position, in accordance with the national Danish collective agreement. The monthly salary ranges from approximately DKK 28,447 (equivalent to €3,845.00) to DKK 34,355 (equivalent to €4,643.00), depending on seniority, and includes a pension contribution of 17.1%.

The scholarship covers tuition fees, office space, course and travel costs (in accordance with the current CBS agreement), and travel grants. The PhD student will be enrolled in the CBS PhD School. For further information about the PhD program, please refer to the CBS website.


International students are eligible to apply for this scholarship.

Eligibility Criteria

To be eligible for this scholarship, candidates must have completed a Master’s degree (equivalent to the 3+2 Bologna process) before starting their PhD at CBS. However, applications from individuals who are near completion of their Master’s degree will also be considered. It’s worth noting that having an MBA alone doesn’t fulfill this requirement. Additionally, fluency in English is a must.

For admission into the 4+4 PhD program, candidates must have completed a bachelor’s degree (or equivalent) and passed subjects that correspond to 60 ECTS in a relevant master’s program within CBS’ subject areas. Applicants who are not enrolled in a master’s program at CBS will be evaluated by the CBS Admissions Office.

To be considered for this scholarship, candidates must have a proven track record of academic excellence, with top grades in previously completed programs. Priority will be given to candidates with a strong quantitative background and robust training in financial economics, as well as high grades in their previous academic programs.

Application Procedure

To apply for admission, you will need to submit an application that includes a research proposal of up to five pages. The research proposal should contain an original research question, an explanation of the initial theoretical framework and methodology, a presentation of the proposed empirical material, and a work-plan. You can find more information about the admission process on the CBS website.

In addition to the research proposal, you must also provide copies of your bachelor’s and master’s degree certificates (if you are applying under the 4+4 PhD scheme, a bachelor’s degree certificate is sufficient), a brief curriculum vitae, a list of publications (if relevant), and a selected written work, such as a Master’s thesis.

You must also provide documentation of your English language proficiency, and it is recommended that you submit GRE and/or GMAT scores and two letters of recommendation. You can upload GRE and GMAT scores with your application, or you can send them directly to Natalie Soudani at [email protected]. Letters of reference should also be sent directly to Natalie Soudani.

If you have any further questions about the application process, you can visit the CBS website for more information.

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