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Indiana University Bloomington

Doctoral Programs


Pankaj Jain phd'02

Assistant Professor of Finance and Director of the International MBA program
University of Memphis

Kelley’s top-ranked doctoral program and reputation for strong research brought Pankaj Jain to the United States. His warm welcome to IU was a pleasant surprise. He arrived in Bloomington to discover a vibrant, multicultural community that offers unlimited opportunities for collaborating and socializing. In fact, Bloomington’s international feel made it easy for Jain to adapt to his new surroundings. “I was surprised that a small town could offer so much variety,” he says.

Areas of Study


The primary objective of the finance doctoral program is to develop scholars who will be able to join top academic institutions and make important contributions to the field of financial economics. In addition to developing their basic analytical skills, our students will develop an economic intuition into financial problems and the mindset needed to conduct independent research.

Our rigorous, highly structured program begins with an introductory sequence of courses offering a grounding in the basic tools of economics, statistics, and mathematics. This is followed by a sequence of four well-defined seminars covering the major areas of theoretical and empirical financial economics, including:

  • asset pricing
  • corporate finance
  • market microstructure
  • banking/finance intermediation

Throughout the program, our students create original research papers culminating in their dissertation. We augment students’ scholarly research and study through a regular seminar series that brings prominent international scholars in financial economics to campus, and we also host a Brown Bag Seminar Series, during which faculty and students present their preliminary research to each other.

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