Consistent with BCB Guidelines, each candidate will be formally evaluated on an annual basis. This evaluation will encompass the following aspects of the students' performance:
- Performance in coursework
- Performance as a teaching/research assistant
- Attendance at and participation in research/seminar series held by the Department of Finance
- Progress toward completion of degree
Form of the Evaluation
The evaluation will be conducted by the Ph.D. Committee, in consultation with other members of the Department. After considering all relevant information including, but not limited to, that provided by the chairperson of that candidate's Advisory Committee or Dissertation Committee and the student’s faculty research or teaching mentors, one of four recommendations will be made to the Associate Dean for Academic and Research Programs:
- The candidate's progress meets the definition of good standing. That is, the candidate's progress is satisfactory in all regards, and the candidate should be retained in the program.
- The candidate's progress is unsatisfactory in some regards. Tthe candidate should be carefully counseled and monitored to eliminate these deficiencies.
- The candidate's progress does not meet the definition of good standing. That is, the candidate's progress is unsatisfactory and gives cause for serious concern. The candidate should be placed on probation with a specified time for correcting the noted deficiencies.
- The candidate's progress does not warrant continuation in the program and the candidate should be dismissed from the program.
Written copies of the evaluation will be transmitted to the candidate, the chairperson of that candidate's Advisory Committee or Dissertation Committee, and the Associate Dean for Academic and Research Programs.
A student's progress will be considered satisfactory if the student is considered in good standing. To be in good standing, at the end of each year a student should meet the following goals:
1st year: Pass Qualifying exam. No C's in transcript.
2nd year: Pass comprehensive and empirical project. GPA 3.25 or better
3rd year: Empirical paper successfully presented during the Fall semester. Empirical paper finished. Draft of a new paper discussed in Research Colloquium.
4th year: Dissertation proposal passed. First draft of Job Market paper presented in Research Colloquium.
5th year: Job Market paper finished and presented in Research Colloquium during the Fall semester.
Dismissal from Program
In the event that the recommendation is dismissal from the program, a majority vote by the tenure-track faculty in the Department of Finance is required. Consistent with BCB Guidelines, the action of dismissing a candidate from doctoral program is the responsibility of the Associate Dean for Academic and Research Programs.
It is the policy of the Department of Finance to provide financial assistance to most entering Ph.D. students requesting such aid, subject to funding limitations. Our total support package for Ph.D. students ranged last year from $21,000 to $27,000, depending on fellowships and teaching responsibilities. The Annual Review of each Ph.D. student will determine their continuation in the program and their eligibility to receive financial aid.