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Twin Cities Campus

Business Administration Ph.D.

Curtis L. Carlson School of Management - Adm
Curtis L. Carlson School of Management
Link to a list of faculty for this program.
Contact Information
Carlson School of Management, Business Administration Ph.D. Program, Suite 4-205, 321 19th Avenue South, Minneapolis, MN 55455 (612-624-0875; fax: 612-624-8221)
  • Program Type: Doctorate
  • Requirements for this program are current for Fall 2014
  • Length of program in credits: 64
  • This program does not require summer semesters for timely completion.
  • Degree: Doctor of Philosophy
Along with the program-specific requirements listed below, please read the General Information section of this website for requirements that apply to all major fields.
This program offers full-time advanced graduate education for students seeking academic placement at leading universities or research-oriented positions in business or government. The program is for individuals who have the intellectual capacity for advanced study, enjoy independent research and analytical thinking, and who wish to master a discipline within business administration. Students choose to concentrate in one of seven areas of specialization: accounting; finance; information and decision sciences (including the management information systems and decision science subfields); marketing; supply chain and operations; strategic management and entrepreneurship (covering the subfields of strategy, entrepreneurship, and international management); and work and organizations (including the subfields of industrial-organizational psychology, organizational behavior, personnel and organizational economics, and industrial relations).
Accreditation
This program is accredited by Association to Advance Collegiate Schools of Business (AACSB)
Program Delivery
  • via classroom (the majority of instruction is face-to-face)
Prerequisites for Admission
The preferred undergraduate GPA for admittance to the program is 3.00.
Applicants must have completed a four-year undergraduate degree in any relevant field of study.
Other requirements to be completed before admission:
Admission depends on the applicant's grades, test scores (GMAT or GRE), and strength of both the letters of recommendation and the statement of purpose. Preferred minimum test scores are 650 on the GMAT; 1380 total of the verbal and quantitative sections of GRE General tests taken prior to August 2011, or 320 total on the revised GRE general test (August 2011 and after).
Special Application Requirements:
Applicants should submit to the Carlson School PhD Program Office the following items: (1) an official copy of the GMAT or GRE from a test taken no more than five years prior to application to the PhD Program in Business Administration; and (2) official TOEFL or IELTS scores (international applicants only) from a test taken within the last two years. All other application materials (official application, application fee, statement of purpose, resume/vita, three letters of recommendation and transcripts should be entered directly or uploaded into the ApplyYourself online application system. The application deadline is December 31 each year for fall admission consideration. Applications for the Marketing area should be submitted by December 15 for early review. Applications are evaluated on a rolling basis beginning mid-December for the Marketing area, and January for the other six areas of concentration. Admission decisions continue until available positions are filled.
Applicants must submit their test score(s) from the following:
  • GRE
  • GMAT
    • Total score: 650
International applicants must submit score(s) from one of the following tests:
  • TOEFL
    • Internet Based - Total Score: 100
    • Internet Based - Speaking Score: 25
    • Paper Based - Total Score: 600
  • IELTS
    • Total Score: 7.0
The preferred English language test is Test of English as Foreign Language.
Key to test abbreviations (GRE, GMAT, TOEFL, IELTS).
For an online application or for more information about graduate education admissions, see the General Information section of this website.
Program Requirements
24 credits are required in the major.
16 credits are required outside the major.
24 thesis credits are required.
This program may be completed with a minor.
Use of 4xxx courses toward program requirements is permitted under certain conditions with adviser approval.
A minimum GPA of 3.30 is required for students to remain in good standing.
At least 4 semesters must be completed before filing a Degree Program Form.
Degree requirements vary by area of concentration. Each student's coursework is determined in consultation with an adviser; but, in general, a degree program includes Ph.D. seminars in the field of specialization, as well as courses in research methodology and in a minor or supporting program. Students in all areas must complete at minimum 40 semester credits of graduate coursework. While some areas may require a first-year examination or presentation, all areas require a written and oral preliminary examination at the end of the second year, as well as a research paper requirement and dissertation proposal defense.
Areas of Concentration
Accounting
This area of concentration requires a minimum of 40 credits of coursework including the major area (at least 12 credits of accounting seminars), minor or supporting field (at least 16 credits), and methodology courses. Supporting coursework is typically taken across fields relevant to the students' research interests, e.g. finance, economics, statistics, etc. Students also must work under one of two accounting research paradigms: analytic or empirical.
-OR-
Finance
The Ph.D. program views finance as a subfield of applied economics. Students achieve a strong foundation in economic theory and empirical methods, while taking required finance seminars and supporting coursework. A minimum of 40 credits are required to move to the prelim stage. Supporting coursework typically consists of a sequence in micro-economic theory and econometric analysis. In addition, students complete at least 8 elective credits in fields such as economics, statistics, and accounting.
FINA 8802 - Theory of Capital Markets I: Discrete Time (2.0 cr)
FINA 8803 - Theory of Capital Markets II: Continuous Time (2.0 cr)
FINA 8812 - Corporate Finance I (2.0 cr)
FINA 8813 - Corporate Finance II (2.0 cr)
FINA 8822 - Empirical Methods in Finance (2.0 cr)
FINA 8823 - Empirical Corporate Finance (2.0 cr)
-OR-
Information and Decision Sciences
Students are required to complete at least 46 semester credits of degree program coursework, including 14 credits of IDSC Ph.D. seminars, 8 credits of research methodology, and 16 credits of supporting or minor field coursework. Students are required to take IDSC 8511, 8521, 8531, 8541, and 8711. Research methods courses that students can take include regression, experimental design, multivariate statistics, and econometric modeling.
IDSC 8511 - Conceptual Topics and Research Methods in Information and Decision Sciences (3.0 cr)
IDSC 8521 - System Development (3.0 cr)
IDSC 8531 - Organizational Theory and Research in Information Systems (3.0 cr)
IDSC 8541 - Introduction to Economics of Information Systems (3.0 cr)
IDSC 8711 {Inactive} (4.0 cr)
-OR-
Marketing
Students are required to complete all scheduled marketing Ph.D. seminars plus a minimum of 12 credits of research methodology courses outside the department. Minor or supporting program coursework is determined by the student and adviser, and must total at least 16 credits (these credits could overlap with the research methods coursework requirements).
-OR-
Supply Chain and Operations
This area of concentration requires seven (21 credits) supply chain and operations (SCO) Ph.D. seminars (SCO 8651, 8652, 8711, 8721, 8735, 8745, and 8755) and a minimum of 40 credits of degree program coursework. Beyond the 21 credits, students take at least 16 credits of supporting or minor coursework, which should include relevant methods coursework.
SCO 8651 {Inactive} (3.0 cr)
SCO 8652 {Inactive} (3.0 cr)
SCO 8711 {Inactive} (3.0 cr)
SCO 8721 {Inactive} (3.0 cr)
SCO 8735 {Inactive} (3.0 cr)
SCO 8745 {Inactive} (3.0 cr)
SCO 8755 {Inactive} (3.0 cr)
-OR-
Strategic Management and Organization
Students are required to take at minimum four core MGMT Ph.D. seminars, including both strategy seminars and the theory building course. They may choose 1-2 courses in entrepreneurship, organization studies or international business. Supporting coursework often includes a strong methods sequence, which can be tailored to individual student needs, as well as coursework that leads to a good understanding of the fundamentals of a specific external discipline (e.g., economics or sociology, etc.)
-OR-
Work and Organizations
With the guidance of WOrg faculty, each Ph.D. student chooses coursework to fulfill their degree requirements. Students must complete four core WOrg courses (HRIR 8801, 8802, 8803, and 8812) in addition to three analytical courses (econometrics I, psychometrics, and advanced multiple regression), and four special topics seminars to deepen their expertise in specific areas. Students also take elective courses outside the WOrg program to gain expertise in theoretical and statistical areas.
 
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FINA 8802 - Theory of Capital Markets I: Discrete Time
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Modern asset pricing theory. Static/discrete time frameworks. Fundamental asset pricing equation. Classical finance models: CAPM, consumption-based CAPM, Complete markets, representative agent, Pareto prereq: [Econ 8101, Econ 8102, business admin PhD student] or instr consent
FINA 8803 - Theory of Capital Markets II: Continuous Time
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Continuous-time financial economics. Emphasizes mathematical/statistical tools. Ito processes, Girsanov?s theorem, risk-neutral pricing. How to formulate/analyze continuous-time models. prereq: [Econ 8101, Econ 8102, Bbsiness admin PhD student] or instr consent
FINA 8812 - Corporate Finance I
Credits: 2.0 [max 2.0]
Typically offered: Every Fall & Spring
Corporate control, managerial incentives, corporate governance, capital structure. What assets are collected within firm. What determines boundaries of firm. Empirical evidence in support of theoretical models. Modern theories of firm, based on incomplete contracts. How corporate finance decisions expand/limit scope of firm. prereq: [Econ 8103, Econ 8104, business admin PhD student] or instr consent
FINA 8813 - Corporate Finance II
Credits: 2.0 [max 2.0]
Typically offered: Every Fall & Spring
Theoretical corporate finance. Initial public offering, dividend policy. Financial distress and its resolution. Financial intermediation, applications of auctions in finance. prereq: [8812, business admin PhD student] or instr consent
FINA 8822 - Empirical Methods in Finance
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Empirical techniques in analysis of financial markets, how they are applied to actual market data. Statistical properties of asset returns, efficient markets hypothesis. Empirical tests of asset pricing models (CAPM, APT, Intertemporal CAPM, Consumption CAPM). Tests of conditional asset pricing models. prereq: 8802, 8803
FINA 8823 - Empirical Corporate Finance
Credits: 2.0 [max 2.0]
Typically offered: Every Spring
Current empirical research on corporate finance. Mergers/acquisitions, equity offerings, event studies, tests of market efficiency, impact of corporate governance, compensation policies, initial public offerings. prereq: 8802, 8803
IDSC 8511 - Conceptual Topics and Research Methods in Information and Decision Sciences
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Relationships to underlying disciplines; major research streams; seminal articles, survey literature, and major researchers. Provides framework for organizing knowledge about information and decision sciences. prereq: instr consent
IDSC 8521 - System Development
Credits: 3.0 [max 3.0]
Prerequisites: Business admin PhD student or #
Typically offered: Spring Even Year
Why it is hard to develop efficient/effective information systems, what can be done to improve situation. Defining efficiency/effectiveness in development process and in systems. Producing/evaluating artifacts (constructs, models, methods, tools) that enable more efficient/effective information systems to be developed. prereq: Business admin PhD student or instr consent
IDSC 8531 - Organizational Theory and Research in Information Systems
Credits: 3.0 [max 3.0]
Prerequisites: PhD student in Business Administration
Grading Basis: A-F only
Typically offered: Spring Even Year
Introduction, adoption, use/exploitation of information systems in organizations. Critically examine empirical work. Formulate research questions. Conduct research. prereq: PhD student in Business Administration
IDSC 8541 - Introduction to Economics of Information Systems
Credits: 3.0 [max 3.0]
Prerequisites: PhD student in Business Administration or #
Grading Basis: A-F only
Typically offered: Spring Odd Year
Classical research questions. Methods/findings that form backbone of economics of IS. Online auctions, electronic markets, offshoring, human capital issues. prereq: PhD student in Business Administration or instr consent