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Teaching PhD Bursaries in Finance at the University of Exeter Business School

  • Funded PhD Programme (European/UK Students Only)
    Funded PhD Programme (European/UK Students Only)

Profile Description

Project description

This award provides full fees and a maintenance stipend for up to 6 years of study, for the MRes and PhD in your chosen discipline.

• Two-year MRes programme (as appropriate for discipline).
• Progression to full-time PhD programme (subject to meeting progression criteria).
• Concurrent employment as Postgraduate Teaching Assistant.

The Teaching PhD Bursary provides a pathway for individuals with a proven track record of excellence and success – whether inside or outside of academia – to become successful research-active academics in a high-quality teaching environment.

For Finance applicants, the first year is designed to equip students with the tools required to understand and conduct research in financial economics: core economic models, econometric techniques and research methods. The second year allows students to specialise in modules covering advanced topics in the fields of corporate finance, asset pricing, and empirical economics. Students will not be allocated PhD supervisors during the MRes.
Upon successful completion of the MRes, which includes writing a research dissertation, and subject to meeting the PhD entry criteria, students will move to a full-time PhD programme under the supervision of leading academics in the field.

Over the course of the programme, students will have the chance to work closely with leading academics from the University of Exeter Business School, who produce world-leading research in the field of Finance. This includes a wide variety of topics such as Asset Pricing, Banking, Behavioural Finance, Corporate Finance, Corporate Governance, Equity Valuation, Mutual Funds, Portfolio Management, Private Equity, and Sustainable and Responsible Investments. Students will be supervised by experts in their chosen field and will receive mentoring and support throughout the programme.

Concurrently, the Teaching PhD bursary allows students to gain teaching experience and achieve teaching excellence by providing high levels of professional support and teaching-related mentoring.
We are looking for individuals who have a proven track record of excellence and success and the potential to become outstanding researchers and teachers. While evidence of academic competence is essential, demonstrated excellence outside of academia (in business, government, the charitable sector etc.) will be very positively regarded.

Funding outline:

The scholarship is for a maximum of 6 years and includes:

MRes: Annual total (i.e., remuneration + stipend): £19,000
• Full tuition fees at UK/EU fee rate
• Remuneration for 180 hours teaching: £3,097 (2020/21 rate, subject to tax & National Insurance)
• Annual stipend: £15,903 (2020/21 rate)
PhD: Annual total (i.e., remuneration + stipend): £21,910
• Full tuition fees at UK/EU fee rate
• Remuneration for 320 hours teaching: £5,507 (2020/21 rate subject to tax & National Insurance)
• Annual stipend: £15,903 (2020/21 rate)

The continued studentship is dependent on successful progression within the PhD programme each year.
The MRes studentship will involve 180 hours of teaching (including preparation and marking/assessment and training) per year (remuneration rate specified above). Progression to the PhD (subject to meeting progression criteria) will involve an 80 (PhD):20 (teaching) ratio during years 1-4 of your PhD registration.

You are expected to submit your thesis by the end of the 4th year of the PhD, at which point funding and teaching stop. The maximum period of study for a 0.8FTE PhD is 5 years (including up to 6 months of continuation status, viva preparation time and completion of corrections).

During your PhD studies, you will be given a research allowance of £1,200 for research support and data collection, across the duration of the degree. Additional funding may be requested, subject to availability.

For more information about the bursary and informal enquiries, please contact

Application deadline: 31 January 2020

Funding Notes

The MRes to PhD Pathway is a two-year programme, which allows you to specialise in your chosen discipline at the post-graduate level in preparation for progression to the PhD. Alongside the MRes and PhD programmes, you will be employed as a Postgraduate Teaching Assistant in the Business School, which will ensure that you graduate from the Business School as a highly skilled researcher and educator.

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