VIENNA GRADUATE SCHOOL OF FINANCE (VGSF)

www.vgsf.ac.at

offers

PhD SCHOLARSHIPS IN FINANCE

INVITATION TO APPLY The Vienna Graduate School of Finance - a joint initiative of the University of Vienna, the Institute for Advanced Studies, Vienna, and the Wirtschaftsuniversität Wien - invites applications for its PhD Program in Finance. The VGSF offers a stimulating learning and research environment plus financial support to outstanding students from around the world. VGSF graduates can look forward to a rewarding career at leading academic institutions.

FACULTY The VGSF faculty is very well connected in the academic finance community and complemented by leading international finance scholars. For example, 2006/07 courses will be taught by Tomas Björk, Nicolae Garleanu, Ruey Tsay, Jan Werner, and Toni Whited. In addition, international scholars are regularly invited to present their current research in the VGSF finance research seminar.

PROGRAM The VGSF PhD-program in Finance is a four-year program which consists of two years of rigorous coursework and two years work on the PhD-thesis. All courses are taught in English. In addition to excellent language skills, good skills in mathematics and statistics are advantageous to successfully complete the program.

APPLICATION The program is open for students from all countries with all academic specializations, provided they hold a Master degree or equivalent and have a sufficient level of formal training. Applicants should take a GRE and/or GMAT and a TOEFL test, and provide proof of basic proficiency in finance and/or economics (based on either the degree they hold or a sample of original written work). The application package must also contain a statement of purpose, as well as copies of any certificates and diplomas obtained during prior studies, along with certified translations into English. Finally, each applicant should arrange for at least two letters of reference to be sent directly to the address below.

SCHOLARSHIP Successful applicants will receive financial support. Approximately 4-6 scholarships are offered for the curriculum starting in September 2007.

Please send your application package no later than February 15th, 2007, to the following address: VGSF - Prof. Dr. Josef Zechner University of Vienna, Department of Finance, Brünnerstrasse 72, 1210 Vienna (Wien), Austria.

FOR FURTHER DETAILS AND AN APPLICATION FORM PLEASE SEE: http://www.vgsf.ac.at - Contact: vgsf@vgsf.ac.at