Finance Research (MPhil/PhD)
Advance finance research that strengthens markets, governance and decision-making.
Key information
PhD
Duration: 3 years full-time, 6 years part-time
Fees (UK / Overseas): Annual tuition fees apply and vary by student status and study mode.
See fees and funding
Start date: April 2026 / October 2026 / February 2027
Other research degree routes
MPhil:
A shorter research degree, often a pathway to PhD
PhD by Publication:
For researchers with an existing body of published work
Course summary
- Take your expertise into a postgraduate research degree exploring how finance shapes economies, organisations and everyday lives.
- Tackle questions raised by financial crises and investigate the forces behind instability and develop evidence that can help prevent repeat shocks and improve decision-making.
- Examine financial markets and institutions, the technologies transforming the sector, or new financial services challenging traditional banking.
- Join an internationally recognised research environment, with 100% of research rated outstanding or very considerable impact (REF 2021).
- Contribute to work that supports individuals, firms and governments with better financial choices and policy decisions.
Find a supervisor
Why choose Finance at Portsmouth for research?
Research that makes a difference
Ask the questions in finance that organisations, communities and decision-makers are wrestling with right now, and focus on producing research that’s useful, credible and ready to share.
Expert support, every step
You’ll work closely with your supervisory team and have access to training and development through the Doctoral College that will help you plan your project, sharpen your methods and build your researcher confidence.
A connected research community
You’ll join a community of researchers across disciplines, with seminars and opportunities to collaborate; it’s a place where you can think deeply, get honest feedback and build networks that last beyond your doctorate.
100%
of our impact in Business and management studies was rated as having very considerable or outstanding reach and significance.
Research Excellence Framework (REF) 2021
PGR Research Excellence Framework - Finance 1100%
of our research environment was judged as having the vitality and sustainability to produce internationally excellent or world-leading research.
Research Excellence Framework (REF) 2021
PGR Research Excellence Framework - Finance 22nd
among modern universities by research power for Business and Management.
Research Excellence Framework (REF) 2021
PGR Research Excellence Framework - Finance 3
Research areas in Finance
Explore the work we're doing across the three areas of expertise in our Finance research. Including funded and self-proposed research opportunities.
View available PhD projects and see funded opportunities.
Banking and financial markets
Our banking and financial markets research examines the functioning of financial markets and the institutions that operate in those markets. Find out more about our research.
Corporate finance
We're working to improve our understanding of asset pricing in capital markets, especially in relation to the performance of Initial Public Offerings.
Fintech and microfinance
Join us in our work in helping individuals, firms, and governments learn to use FinTech to meet their needs. Explore our fintech and microfinance research.
Research degree options in Finance
We offer several postgraduate research routes in Finance, including PhD, MPhil and PhD by Publication. Find out about our research degree opportunities below, including how to apply, entry requirements and funding your degree. You can apply for an existing project or propose your own research idea. For more detailed information about the application process, visit our How to Apply pages.
Available PhD and MPhil projects
You can apply for a pre-approved PhD or MPhil project, or develop your own research proposal.
There are currently no self-funded PhD projects available in this area — for more information on funding your own research project, visit our pages on funding your research degree.
If you already have a research idea, find a supervisor whose research interests match yours by searching our Find a PhD Supervisor page. Once you've identified someone suitable, contact them to discuss your idea.
PhD by Publication
A PhD by publication is a postgraduate research degree based on research you've already undertaken and had published (excluding self-publishing) before registering with us.
Eligible research outputs include peer-reviewed academic papers, complete books or chapters in anthologies, and other materials accepted for publication, exhibited or performed. You'll have to submit these materials for examination between 6–12 months after registering with us.
From October 2026, all PhD by Publications will be completed by distance learning. However, there is no expectation that any student applying for a start date before this should be on campus.
Entry requirements
The entry requirements for a PhD, MPhil or Professional Doctorate include an upper second class honours degree or equivalent in a relevant subject, or a master’s degree in an appropriate subject.
Equivalent professional experience and/or qualifications may be considered. All applicants are subject to interview.
If English is not your first language, you'll need English language proficiency at a minimum of IELTS band 6.5 with no component score below 6.0.
If you don't meet the English language requirements yet, you can achieve the level you need by successfully completing a pre-sessional English programme before you start your course.
Fees and funding
April 2026
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Full-time and full-time distance learning: £5,006 per year (may be subject to annual increase)
- Part-time and part-time distance learning: £2,503 per year (may be subject to annual increase)
(Including EU Scholarship)
- Full-time and full-time distance learning: £5,006 per year (may be subject to annual increase)
- Part-time and part-time distance learning: £2,503 per year (may be subject to annual increase)
- Full-time and full-time distance learning: £17,900 per year (may be subject to annual increase)
- Part-time and part-time distance learning: £8,950 per year (may be subject to annual increase)
- External candidates: £5,006
- Members of staff: £2,000
- All fees are subject to annual increase. If you are an EU student starting a programme in 2025/26 please visit this page.
October 2026 and February 2027
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Full-time and full-time distance learning: £5,238 per year (may be subject to annual increase)
- Part-time and part-time distance learning: £2,619 per year (may be subject to annual increase)
- Full-time and full-time distance learning: £18,600 per year (may be subject to annual increase)
- Part-time and part-time distance learning: £9,300 per year (may be subject to annual increase)
EU students may be eligible to receive our EU Scholarship.
- Full-time and full-time distance learning: £18,600 per year (may be subject to annual increase)
- Part-time and part-time distance learning: £9,300 per year (may be subject to annual increase)
- External candidates: £5,238
- Members of staff: £2,100
Additional fees
Some PhD projects may include additional bench fees for equipment and other consumables. These will be added to your standard tuition fee. Speak to the supervisory team during your interview about any additional fees you may have to pay. Please note, bench fees are not eligible for discounts and are non-refundable.
Funding support
Government Postgraduate Loan
Eligible for MPhil full-time and part-time courses (UK/EU students).
Other funding options
For information on other sources of funding, visit our funding your postgraduate research degree page.
What do my tuition fees cover?
If you are self-funding your PhD, your tuition fees cover the full cost of your postgraduate research programme and access to a wide range of academic, professional and support services, including:
Research training and development
Bespoke training, professional development courses, seminars, workshops and researcher-led events delivered through The Doctoral College.
Research community and support
Access to our research environment, Research and Innovation services, and researcher networking (77% of our research is world-leading or internationally excellent, REF 2021).
Facilities, equipment and resources
Libraries, laboratories, computer rooms, laptops, electronic journals, specialist software (Microsoft Office, SPSS and Adobe Creative Suite), funding guidance and LinkedIn Learning. Explore our facilities.
Student support services
Including academic, financial, careers and wellbeing support, including access to personal tutors. Read more on our guidance support.
Your PhD programme
Registration, tuition, supervision, examinations and viva administration.
Conference and development support
A contribution towards attending conferences or research-related development activities.
Students' Union membership
Giving you the right to vote in elections, join clubs and societies, and get free independent advice.
Graduation
Your graduation ceremony will recognise the significant contribution your research has made to your discipline.
Support and facilities
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Support from our Doctoral College, helping you become part of a thriving, collaborative research community
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Guidance from a dedicated supervisory team throughout your research degree
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Access to the Doctoral Development Programme, offering specialist training, workshops and research events to develop your skills as a researcher
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Access to our Bloomberg Suite, with professional financial data sources including Bloomberg, Datastream and S&P Global
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Use of industry-standard statistical software such as Stata, Matlab, EViews and SPSS Statistics
What can a postgraduate research degree do for my career?
A postgraduate research degree develops advanced expertise and transferable skills valued across academia, industry and the public sector.
You’ll graduate with:
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Advanced research and analytical expertise
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Critical thinking and problem-solving skills
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Experience managing complex, independent projects
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Strong communication and presentation skills
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Leadership and research management capability
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Deep subject knowledge in your chosen field
After researching with us, our successful postgraduate research candidates have gone on to impressive positions in a variety of fields. Many of our PhD students going on to work as full-time academics at the University, and at other leading institutions around the world, including:
- The Arab Academy for Science, Technology and Maritime Transport (Egypt)
- Tianjin University of Commerce (China)
- King Abdulaziz University (Saudi Arabia)
- The University of Durham (UK)
- The University of Southampton (UK)
How to apply
You apply for a research degree in Finance by completing our online application form. For more detailed information about the application process, visit our How to Apply pages.
Not ready to apply just yet?
Get in touch
We're here to help. Feel free to ask us a question.
Come to an Open Evening
Why not come to our next open evening? Open evenings are the perfect place to talk to staff and students, visit our campus and get all the information you need.
- MPhil: 2 years full-time, 4 years part-time
- PhD: 3 years full-time, 6 years part-time
- PhD by Publication: 1 year part-time
We recommend you get in touch with the relevant subject area supervisor using our “Find a Supervisor” tool ahead of applying. You can discuss your research ideas with them and ensure we have supervisory expertise to support you.
Yes. You can apply with your own research proposal, or apply for one of our advertised funded projects.
Where next?
Find out more about Portsmouth's postgraduate opportunities and community.
Postgrad Research Degrees Webinar series
From applications to flexible study — get the insights you need to plan your research degree.
Find a PhD Supervisor
If you've already got your own research idea, start looking for a supervisor whose research interests match yours.
How to apply for postgraduate research
Read our guide on how to complete and submit your postgraduate research application. Take the next step in your academic career today.
