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Intern
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Is MBA Required before Phd?? [#permalink]
 28 Mar 2006, 00:28
Hi All,
I just know want to whether Post gradute degree is required before doing Phd.Because I want to do Phd In finance from some top US University.
I completed My bachelor in engineering and after that for last 3 year I am working in a software firm.
Regards,
Vibhor [/b]
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Senior Manager
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Check the schools' website. Most say a Master's degree is not a requirement. And even if you have it, you will still need 4 to 5 years to complete your PhD.
However, I believe a relevant Master's is a good thing to have in your application.
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CEO
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Not at all schools. Ph.D Finance is extremely competitive. You will need a very strong background in mathematics. You will also need to do extremely well in GMAT Quant.
Praetorian
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Manager
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Some schools have a program where you work toward both, and get your MBA along the way to a PhD. Really depends on the school.
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Senior Manager
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Therefore, identify the schools that you are likely to apply to and check on their requirements. You usually can find it being mentioned in their FAQ page. Also a good idea to pop by their Finance department website, as they may have special mention on this.
Futhermore, if they have C.V. of their current students, take a look at them. See whether a Master (and what type - MBA or MSc, etc) is something that most of the students have.
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Manager
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For a PhD in finance, having an MA in Economics, Statistics, Mathematics or Engineering will improve your application package but I don't think having an MBA will, as the courses you attend in an MBA generally have nothing to do with the PhD finance curriculum. However, for the few schools who require PhD students to complete some number or MBA courses (as Harvard and Chicago do from what I recall), already having an MBA can help as they could waive these requirements and you'd be left with less courses to complete.
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Manager
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I should add that the number of courses to complete is one of the most trivial requirements in completing a PhD program, so already having an MBA is not such an important advantage. A good MA in Econ or Statistics will really be much better than an MBA if you're shooting for a PhD in finance.
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