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Vienna Graduate School of Finance: PhD Scholarships in Finance

Allgemeines Anliegen des Stipendiums

The Vienna Graduate School of Finance (VGSF) invites excellent students to apply for the PhD Program in Finance (full-time program) starting in the coming academic year. Up to six scholarships will be offered to the best applicants.

The VGSF is a center of excellence in finance, located at the new WU campus in Vienna, Austria. Its main activities are academic research and PhD education. The VGSF offers a stimulating learning and research environment to outstanding students from around the world.

Art der Förderung

The financial support is about 2000 Euros gross per month. After deducting insurance, tax, etc. it is about 1300 Euros (14 salaries/year). This should be enough to cover the living costs in Vienna, such that you can concentrate on your studies.

Hinweise zur Bewerbung

The next application period opens November 01, 2017 (02:00pm CET) and ends January 31, 2018 (02:00pm CET).
Applicants to the VGSF program should be aware that there are two rounds of evaluations. The VGSF faculty first evaluates all complete applications received by December 08, 2017 (02:00pm CET) and makes a first round of admission offers. Next, the VGSF faculty evaluates all complete applications received by January 31, 2018 (02:00pm CET)  and makes a second and final round of admission offers.

Applicants must provide the following documents:

  • curriculum vitae
  • self-statement of purpose
  • all degree certificates
  • all official transcripts
  • proof of aptitude (GRE or GMAT)
  • proof of English competence (e.g. TOEFL, IELTS)
  • reference letters

VGSF graduates can look forward to a rewarding career at leading academic institutions. Former VGSF students have been placed at institutions like Aarhus University, Carnegie Mellon University, Georgia Institute of Technology, University of Hong Kong, Massachusetts Institute of Technology (MIT), the University of New South Wales (UNSW), the Norwegian School of Economics and Business Administration (NHH), Erasmus University Rotterdam, the University of Utah and the University of Wisconsin, USA.

The VGSF PhD program consists of two parts: rigorous coursework and work on the PhD thesis. The students attend courses covering all major topics in finance and analytical methods required for doing research. In particular, the courses focus on Corporate Finance, Asset Pricing and Quantitative Methods in Finance. In the past academic years students had the chance to attend courses taught by international scholars such as Tomas Björk, Rüdiger Fahlenbrach, Nicolae Garleanu, Francisco Gomes, Christopher Hennessy, David Lando, Jacob Sagi, Rossen Valkanov, Jiang Wang and Toni Whited. After passing the required exams, students start to conduct research projects on their own. In our weekly research seminar students have the opportunity to meet internationally renowned scholars presenting their state-of-the art research.

Please visit for more details and the link to the online application.


  • Successful completion of a Master's program or a relevant equivalent degree program at a recognized Austrian or foreign post-secondary institution of education (according to § 64 (4) of the Universities Act 2002)
  • Applicants who will finish their Master studies after the deadline but before June 2017 are welcome to apply as well.
  • Proficiency in financial economics
  • Proficiency in mathematics and/or statistics
  • Adequate English proficiency

Art des Stipendiums

Zuschüsse für Sach- oder Reisekosten, Forschungsprojekte, Studium im Ausland, Förderung wissenschaftlicher Arbeiten, Abschlussarbeiten


Deutschland, Belgien, Frankreich, Großbritannien / Irland, Italien, Niederlande, Österreich, Schweiz, Skandinavien, GUS, Sonstige (Europa), Kanada, USA, Mittel- und Südamerika, Australien, Neuseeland, China, Israel, Japan, Naher Osten, Sonstige (Asien), Afrika, Sonstige (International)


Promovierende, Diplom/Magister-Studenten, Master-Studenten

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Das ist mit jedem Förderprogramm kombinierbar und bietet über 60 geldwerte Leistungen.

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In unserer Stipendien-Rubrik findest du nützliche Infos zur Begabtenförderung und Tipps für deine Stipendiumsbewerbung.

Vienna Graduate School of Finance

Welthandelsplatz 1
1020 Wien
Tel: +43 13133 65070
Fax: +43 13133 6905070