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Frankfurt School of Finance & Management is one of Europe’s leading business schools with an internationally recognised reputation for relevant and rigorous research. We are determined to attract the most talented doctoral students in accounting, finance, and management, and we offer a stimulating academic environment.

Researchers at Frankfurt School work on fundamental problems that challenge firms and society. How should firms respond to climate change? Can markets be redesigned to support fair outcomes? Does working from home improve gender equality?

The five-year doctoral programme equips students to contribute to these debates. The first two years generally consist of classes in which students focus on analytical skills. Students also take courses in their chosen area of academic specialisation in Accounting, Finance, or Management, which provides the foundation from which to develop research topics. The program encourages students to broaden their scope and obtain training in related areas such as data sciences, operations research, or economics.

The coursework phase ends when students successfully pass their Qualifying Exam and graduate to the dissertation stage. At this time, students have the opportunity to obtain a Master’s degree in Business Research and Analytics as part of their doctoral programme. In the dissertation stage (years 3-5), students move to an active research and write their dissertation.

While our primary intention is to provide graduates with an ideal platform to enter the world of academia, their research topics are also directly relevant for business and politics. We train our students to develop solutions to complex problems and to develop the social and conceptual skills they need to advise others. Our faculty mentors and supports students in their research. This nurturing intellectual climate is combined with an exciting state-of-the-art campus environment.

Frankfurt School confers a Dr. rer. pol., the German equivalent of a PhD in Economics. The School offers fully-funded study places and a generous monthly stipend for up to five years.


In the first two years, doctoral students attend core courses, elective courses, and concentration courses in their respective academic specialisations. In this phase they obtain the knowledge and skills to engage in their own research.

The three specialisations: Accounting, Finance and Management follow a similar structure.

We asked Dr. Timo Vogelsang, Assistant Professor of Management Accounting, why it is important to invest in coursework at the beginning of your research career. Here is what he had to say:

“The courses are an important basis for excellence while doing your dissertation research. Moreover, during your academic career, you will probably never have so much time available to learn new things. My supervisor always told me this. Now I sometimes regret that I did not spend much more time during the course-phase to learn more about the most current empirical methods and theoretical approaches.“


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