Twin Cities campus

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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 2012
  • 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 six areas of specialization: accounting; finance; information and decision sciences (including the management information systems and decision science subfields); marketing; supply chain and operations; and strategic management and organization (covering the subfields of strategy, organizational behavior, and international management-entrepreneurship).
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 applicants grades, test scores (GMAT or GRE), and strength of both the letters of recommendation and the statement of purpose. Preferred test scores are 650 or above on the GMAT, 1380 combined on the verbal and quantitative sections of the GRE General test, or 320 total on revised GRE general test.s
Special Application Requirements:
Applicants should submit to the Carlson School Ph.D. 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 Ph.D. 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 only. Applications are evaluated on a rolling basis beginning late January and continuing through April 15.
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 courses in the field of specialization, 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 12 credits from accounting Ph.D. seminars and a total of at least 40 credits of degree program coursework. Students may take a minimum of 16 credits in a minor area outside the Carlson School of Management, or at least 16 credits in supporting programs taken across fields relevant to their research interests, e.g. finance, economics, statistics, etc. Students also must choose to work under one of two research paradigms: analytical 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. Forty 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, 8711, and both section 1 and 2 of 8801. 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 8711 {Inactive} (4.0 cr)
IDSC 8801 - Research Seminar in Information and Decision Sciences (2.0 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 least five core MGMT Ph.D. seminars (20 cr), including at least one course each from the areas of strategy, organization studies, and international management-entrepreneurship. As part of the supporting field requirement, students must take 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, sociology, etc).
 
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· Curtis L. Carlson School of Management

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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 8801 - Research Seminar in Information and Decision Sciences
Credits: 2.0 [max 20.0]
Typically offered: Every Spring
New areas of research, research methods, issues. prereq: Business Admin PhD student or instr consent