As a finance PhD student at Chicago Booth, you’ll join a community that encourages you to think independently.
Taking courses at Booth and in the university’s Kenneth C. Griffin Department of Economics, you’ll gain a solid foundation in all aspects of economics and finance—from the factors that determine security prices to how firms make investment decisions.
The Finance PhD Program also offers the Joint Program in Financial Economics, which is run by Chicago Booth and the Department of Economics in the Division of the Social Sciences at the University of Chicago.
小村女人Itzhak Ben-David, ’08:小村女人 00:03
For me, the PhD Program was an exploratory journey. It was about discovering what was interesting for me, what will be interesting for other economists. It was about discovering something new about the world. Much of the PhD Program experience is to explore and to wonder a bit and to just think and expose yourself to new ideas and new disciplines. Back then, this was 2006, I found a billboard that said, "If you buy this house, we're going to give you a free car or $20,000 in cash." And this seemed really odd to me. What I realized that was going on, that this was part of a borrower fraud and the idea was that seller and the buyer will agree on a higher price on a house and the lender would be under the impression that the collateral worth more than it really is.
小村女人Itzhak Ben-David, ’08:小村女人 00:58
So I started to investigate other parts of the real estate food chain. What I saw is that in many parts of this chain, there were incentives in place pushing the intermediaries or the different economic agents to inflate prices. It's not always a bubble, but oftentimes it points out behavior that is not consistent with our textbook behavior. I had the dream team of advisors, Toby Moskowitz, Dick Taylor, Steve Levitt, and Erik Hurst. Each one of them contributed in different way to my dissertation and brought different ideas, brought different aspects. There is no better place of doing research than in Booth. It's really a hub of academic activity. There is no important work that doesn't pass at Chicago before being published. It's really an intellectual home. When you meet people and you know that they are from Booth, you can see the difference in their thinking.
Nam (Vera) Chau
Huan (Bianca) He
Young Soo Jang
Matthew (Blair) Vorsatz
Booth also offers joint degrees. Learn more about the 小村女人current students in our Joint Program in Financial Economics.