Research course


Newcastle University · Newcastle University Business School

Entry requirements

An upper second-class Honours degree and a merit master's degree, or international equivalent, in a relevant subject. If you do not have a Master's degree there is a wide range of programmes for you to choose from in Newcastle University Business School. Alternatively, you may apply for 1+3 funding under the Doctoral Training Centre in which you first complete the MA in Finance and Economics (Research) before proceeding to the PhD track. This master's degree is designed for applicants who have a relevant undergraduate degree but require research methods and subject-specific training in finance and/or economics.

Months of entry


Course content

Our PhD programmes also form part of the Finance and Economics pathway of the North East Doctoral Training Centre (NEDTC), which is funded and accredited by the ESRC and run jointly by the universities of Newcastle and Durham. This is a collaborative centre for world-class postgraduate research and training in the social sciences, which offers students a wealth of opportunities to work with leading researchers across a wide range of disciplines and benefit from high-quality training and state-of-the-art resources at both universities.

Newcastle University Business School also provides MPhil and PhD supervision in the following areas: Business and Management, Finance and Accounting, and Marketing.

More information about our academic staff can be found on the School's website.

There is an extensive research training programme at both the subject-specific level and generic level. At the generic level, the University's Humanities and Social Sciences Graduate School provides a full range of research training in professional/key skills, bibliographical techniques, and quantitative and qualitative methods.

Research is highly valued and we view the successful supervision of postgraduate students as part of our research culture. This is why we take care to align your research interests with your supervisors, and why student progression is monitored on an annual basis. We want you to pursue your research in a way that is fully integrated into our research activities. Full- and part-time supervised research programmes are considered. Undergraduate teaching opportunities are sometimes available for students wishing to supplement their income.

Department specialisms

The Economics of Safety, Health, Environment and Risk •Valuing benefits/quantifying preferences in health, safety and environment; •Development and application of economic evaluation; •Priority setting in health care; and •Econometric applications in studies of health, safety and the environment (especially income and health inequalities). Quantitative Research in Economics and Finance Welcome Find a Degree A-Z List Taught Programmes Research Degrees Degrees Explained Careers & Employability Student Life Funding & Finance International Students Supporting our Students How to Apply Visiting the University Economics MPhil; PhD MPhil: minimum 12 months full time; minimum 24 months part time PhD: minimum 36 months full time; minimum 72 months part time Fees Fees per academic year 2014-15 UK and EU: full time £4,320 part time £2,160 International: full time £11,380 part time fees More information is available about tuition fees and discounts. Research Areas Our research strengths are focused around a number of areas. Each of these involves externally funded research, international collaboration and / or the active involvement of doctoral students. Currently, the groups are: The Economics of Safety, Health, Environment and Risk (ESHER). This group brings together world leading research in health economics and economics of safety and environment. ESHER is co-led by Professor Luke Vale, Health Foundation Chair in Health Economics and Professor Sue Chilton. Its areas of research include ( •Valuing benefits/quantifying preferences in health, safety and environment; •Development and application of economic evaluation; •Priority setting in health care; and •Econometric applications in studies of health, safety and the environment (especially income and health inequalities). Quantitative Research in Economics and Finance (QREF). This includes staff from the Accounting, Finance and Economics subject areas. The general theme of the group is finance and financial services (banking, insurance, etc.), with an emphasis on risk management. It has strong expertise in quantitative modelling, whether using econometric, mathematical or statistical methods. Its areas of research include: • Retail financial services - banking and insurance; • Quantitative risk management - credit risk modelling, density forecasting and value at risk; • Financial econometrics - bootstrapping and simulation techniques forecasting, interest rate and term structure modelling, modelling contagion, time series nonlinearity, and volatility modelling; • Financial markets - behavioural finance, statistical arbitrage, stock market microstructure, and technical analysis; • Financial services industry - corporate pensions and employee benefit provision; and • Accounting - experimental approaches to the incentive properties underlying the provision of information in agency settings.

Information for international students

To study this course you need to meet our Band 9 English Language requirements: Direct Entry: IELTS 7.0 overall (with 6.5 in writing and a minimum of 6.0 in all other sub-skills). If you have lower English Language scores, you may be accepted onto a Pre-sessional English Language course.

Fees and funding

See Programme information on-line.

Qualification and course duration


part time
72 months
full time
36 months


part time
24 months
full time
12 months

Course contact details

Carolyn Watkin, Newcastle University Business School
+44 (0) 191 208 1503