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• Dissertation Areas and Joint PhD Programs
• PhD Career Outcomes
• PhD Proposals and Defenses
• PhD Job Market Candidates
• PhD Research Community
• 100 Years of Pioneering Research
• Rising Scholars Conference
• Yiran Fan Memorial Conference
• Frequently Asked Questions

PhD in Accounting

• PhD in Behavioral Science
• PhD in Econometrics and Statistics
• PhD in Microeconomics
• PhD in Finance
• PhD in Management Science and Operations Management
• PhD in Marketing
• Joint Program in Financial Economics
• Joint Program in Psychology and Business
• Joint PhD/JD Program

Chicago Booth has one of the preeminent PhD accounting programs. Our faculty conduct groundbreaking scholarly work, and our graduates have played a central role in the evolution of modern accounting research.

As a PhD student in accounting at Booth, you’ll have the freedom to explore and cultivate your research interests from day one—wherever they lead.

You’ll join a collaborative research community and work with prominent scholars whose groundbreaking research is recognized for its impact on the academic literature, accounting practice and policymaking, securities regulation, and elsewhere. In addition to your stipend, you may apply for research and conference travel funding from our research centers and the Stevens Doctoral Program. In research workshops and conferences, you’ll present your work and hear about the work of fellow researchers. 

Our Distinguished Accounting Faculty

As measured by research productivity and impact, Chicago Booth has one of the best accounting faculty groups in the world. The group includes Philip G. Berger, Hans B. Christensen, Merle Erickson, Christian Leuz, Michael Minnis, Valeri Nikolaev, Haresh Sapra, Douglas J. Skinner, and Abbie J. Smith, as well as an outstanding group of research-active junior faculty. The school is committed to maintaining the quality of this group.

These distinguished scholars are also teachers and mentors who will advise you, coauthor papers with you, supervise your thesis, help you find an outstanding job, and serve as colleagues throughout your career.

Philip G. Berger

Wallman Family Professor of Accounting

Hans B. Christensen

Chookaszian Family Professor of Accounting and David G. Booth Faculty Fellow

Anna Costello

Jeffrey Breakenridge Keller Professor of Accounting

Merle Erickson

Professor of Accounting

Joao Granja

Associate Professor of Accounting and Jane and Basil Vasiliou Faculty Scholar

Christian Leuz

Charles F. Pohl Distinguished Service Professor of Accounting and Finance

Bradford Levy

Assistant Professor of Accounting

Charles McClure

Associate Professor of Accounting

Michael Minnis

Deputy Dean for Faculty and Fuji Bank and Heller Professor of Accounting

Maximilian Muhn

Valeri Nikolaev

James H. Lorie Professor of Accounting and FMC Faculty Scholar

Madhav Rajan

Dean and George Pratt Shultz Professor of Accounting

Thomas Rauter

Amoray Riggs-Cragun

Assistant Professor of Accounting and Kathryn and Grant Swick Faculty Scholar

Delphine Samuels

Associate Professor of Accounting and James S. Kemper Foundation Faculty Scholar

Haresh Sapra

Charles T. Horngren Professor of Accounting

Douglas J. Skinner

Sidney Davidson Distinguished Service Professor of Accounting

Abbie J. Smith

Boris and Irene Stern Distinguished Service Professor of Accounting

Christopher Stewart

Assistant Professor of Accounting and William S. Fishman Faculty Fellow

Associate Professor of Accounting and Kathryn and Grant Swick Faculty Scholar

Anthony Welsch

Anastasia A Zakolyukina

Alumni success.

The American Accounting Association periodically awards a prize for seminal contributions to the accounting literature. Graduates of the PhD Accounting Program are regular winners of this prestigious prize.

Our PhD graduates in accounting go on to faculty positions  at some of the world's most prestigious institutions.

Kalash Jain, MBA '23, PhD '23

Assistant Professor of Business, Accounting Division Columbia Business School, Columbia University His research examines the impact of information processing frictions and investor decision making on asset prices and firm investment. His dissertation area is in accounting.

Sinja Leonelli, MBA '23, PhD '23

Assistant Professor of Accounting Stern School of Business, New York University Sinja's research primarily examines misconduct reporting, regulation and enforcement, and the use of ESG information by stakeholders such as regulators, employees, and consumers. Her dissertation area is in accounting.

Shirley Lu, MBA ’21, PhD ’21 

Assistant Professor of Business Administration Harvard Business School, Harvard University Shirley Lu studies Corporate Social Responsibility (CSR) disclosure, with a focus on climate change and gender diversity. Her dissertation area is in accounting.

Spotlight on Research

Chicago Booth Review frequently highlights the work of accounting PhD students, faculty, and alumni.

One Way Discrimination Creeps into the Supply Chain

A Q&A with Chicago Booth’s Anna Costello about how the pandemic affected which suppliers got paid on time.

AI Reads between the Lines to Discover Corporate Risk

“Corporate risk exposures are often subtly implied in conference call discussions rather than explicitly stated,” write Chicago Booth PhD student Alex G. Kim and Booth’s Maximilian Muhn and Valeri Nikolaev.

Civilization is Based on Accounting

A Q&A with Chicago Booth’s Ray Ball on accounting’s past and future.

Financial Data Privacy Could Help Fight Poverty

Historical data can shape future outcomes, helping to determine whether a prospective borrower has access to a home, car, or other opportunities, write University of Utah’s Mark Jansen, Chicago Booth PhD student Fabian Nagel, and Booth’s Constantine Yannelis and Anthony Lee Zhang.

A Network of Support

Doctoral students at Booth have access to the resources of several research centers  that offer funding for student work, host workshops and conferences, and foster a strong research community.

The Chookaszian Accounting Research Center The Chookaszian Accounting Research Center coordinates accounting research at Chicago Booth and hosts research brown bags and workshops. It also publishes the Journal of Accounting Research , one of the top accounting research journals in the world.

George J. Stigler Center for the Study of the Economy and the State Dedicated to examining issues at the intersection of politics and the economy, the Stigler Center supports research in the political, economic, and cultural obstacles to better working markets.

Rustandy Center for Social Sector Innovation Chicago Booth’s destination for people committed to tackling social and environmental problems, the Rustandy Center supports the work of PhD students and others who are focused on transforming the social sector.

Inside the Student Experience

For Andrew Sutherland, PhD ’13, coauthoring research with Booth faculty was a highlight of the Stevens Program.

Video Transcript

Andrew Sutherland, ’13: 00:09 In accounting, there's tons and tons of research on these big public firms that have an army of investor relations people and they constant disclosing things. That's where most of the research was happening, but there's this whole other half of the economy, these private firms, that we didn't really know a lot about. We didn't know a lot about how they got credit. What was interesting to me is that a lot of time, firms are able to get credit without even providing any financial statements or any information whatsoever to the bank. The reason they're able to get credit is that they have a credit score. So in other words, the information is coming, not from the form itself, but from another bank who had dealt with them in the past. What really struck me was there wasn't really a lot of research out there on this information channel. That's when I decided I wanted to learn a little bit more about what this reporting channel does to contract and help firms get credit and how it changes banks' incentives to lend.

Andrew Sutherland, ’13: 01:01 Basically, the firms that have a good credit record or a long track record of borrowing successfully were the ones that were able to shop around. We would think that's a good thing, that giving firms more choice about who to borrow from kind of increases social welfare, you get better matching between lenders and firms. Kind of the dark side is that the firms that have had payment trouble that have defaulted or missed some payments on loans sort of get shut out of the credit part. You have a harder time starting any new relationships with outside lenders. That's kind of a cost.

Andrew Sutherland, ’13: 01:34 The second cost is that information sharing changes the game for lenders. So, if participating in this credit bureau basically allows outside lenders to pick off the firms that are doing better, then that destroys the incentive for lenders to kind of invest in relationships to begin with. That's sort of the second dark side of information sharing, if you will.

Andrew Sutherland, ’13: 01:54 So, I coauthor on a number of projects with the junior faculty member here named Mike Minnis. I probably talked to Mike more than I talk to my wife. I don't know if that's a good thing or a bad thing. But, I mean, as a PhD student, there's only so much you can learn in class, and having a faculty member to work with that's kind of gone through the ropes and understands the review process, that's done something on their own, it gives you a really good opportunity to learn. That's something, I think that was absolutely instrumental in my success

Current Accounting Students

PhD students in accounting come to Chicago Booth with a wide range of interests and goals. Recent dissertations have focused on everything from machine learning to the impact of fiscal monitoring, and graduates have gone on to positions at some of the world’s preeminent institutions, including Columbia Business School, Stanford Graduate School of Business, and the Wharton School of the University of Pennsylvania.

Current Students

Samuel Chang Jonas Dalmazzo Jewel Evans Lingyu Gu Yanzi (Yvonne) Han Grant Hayes Maria Khrakovsky Alex Kim Ginha Kim Andrew McKinley Pietro Ramella Hanbyul Yoon

Program Expectations and Requirements

The Stevens Doctoral Program at Chicago Booth is a full-time program. Students generally complete the majority of coursework and examination requirements within the first two years of studies and begin work on their dissertation during the third year. For details, see General Examination Requirements by Area in the Stevens Program Guidebook below.

Download the 2023-2024 Guidebook!

PhD in Accountancy - Financial Assistance

Take full advantage of financial assistance

Applicants to the PhD Program in Accounting at the University of Illinois at Urbana-Champaign are automatically considered for financial aid. Successful applicants receive competitive financial aid packages. Moreover, PhD students in good standing generally continue to receive financial support throughout the program. Before accepting an offer of admission, a prospective PhD student will receive a detailed description of the financial aid package we are able to provide to that student.

In general, financial assistance comes in several forms:

• First, fellowships for which no services or repayments are required. This includes university fellowships, privately endowed departmental fellowships, and fellowships provided by public accounting firms and other organizations.
• Second, teaching or research assistantships, where the typical PhD student appointment is for half-time service (20 hours per week). 
• Third, we offer tuition waivers.

• Finance (Ph.D.)

Develop sophisticated quantitative skills and expertise in finance for research-based careers in financial institutions, academia, and government.

• Academic Programs

The Ph.D. in Finance program at Stuart School of Business is both practice and research oriented, preparing you to initiate advanced techniques and research to solve problems in investment and corporate finance, to address regulatory issues in risk management and market functions, and to take on roles in finance in both industry and academia.

You will be immersed in industry-leading techniques and applications of financial technology, financial economics, quantitative finance, business finance, and applied statistics. The curriculum emphasizes mastery of both applied research methods and strategies needed for high-level research positions in industry, as well as the advanced techniques and statistical tools required for high-caliber research in a variety of jobs.

This program is selective and small, offering a high degree of mentorship and interaction between faculty and students, with ample opportunities to conduct cutting-edge research alongside faculty experts.

After completing all the required courses and the Ph.D. qualifying and comprehensive exams, students often gain practical experience through internships, which creates new opportunities to analyze data, and case studies that are potentially useful for pursuing a doctoral dissertation. Students are also encouraged to serve in teaching and research assistant positions.

Our doctoral students gain relevant, cross-disciplinary experience that prepares them to be business innovators and leaders in academia, industry, government, and consulting. Students benefit from a legacy of curricular innovation at Stuart and Illinois Tech, spanning more than 125 years of economics and business education, including offering the world’s first postgraduate program in quantitative finance and establishing the academic discipline.

STEM-Designated Program

This is a STEM-designated program, and international graduates of the program are eligible to apply for an extension for Optional Practical Training, which allows selected students to stay and work in the United States for up to three years after graduation.

Program Overview

Stuart’s Ph.D. in Finance program focuses on applying cutting-edge practice and techniques in financial technology, financial economics, quantitative finance, business finance, and applied statistics to solve problems in investing, corporate finance, risk management, and regulation. Our graduates are prepared for a wide range of careers in industry, research, academia, and government.

Career Opportunities

Graduates of the Ph.D. in Finance program have a wide choice of careers.

• For those seeking a career in industry , this program can lead to senior research positions and other roles in investment management, risk management, trading, corporate finance, commercial banking, think tanks, and government policy and regulation.
• For those interested in a traditional academic career focused on teaching and research, the program can lead to tenure-track positions.

The program’s learning content is designed to fulfill expectations of potential employers worldwide in all of these sectors. Stuart doctoral graduates hold positions at companies and universities such as:

• Carnegie Mellon University
• City University of New York
• Discover Financial Services
• East China Normal University
• Beijing Normal University
• Envestnet Asset Management, Inc.
• Federal Home Loan Bank
• Industrial and Commercial Bank of China (ICBC)
• Kean University (New Jersey)
• St. Mary’s University (Texas)
• Morningstar
• Morgan Stanley
• State Street Global Advisors
• Toronto Stock Exchange
• Union Bank of Switzerland
• Wells Fargo
• Zacks Investment Research

Stuart faculty developed the Ph.D. in Finance curriculum in collaboration with the program’s advisory council, who are practitioners and major employers in the financial services industry. Building on the curriculum of the M.S. in Financial Economics degree, the doctoral program provides significant tools and theory beyond the master’s degree and adds the component of an original research-based dissertation.

The Ph.D. program requires successful completion of at least 72 credit hours. Students who enter with a completed master’s degree from Illinois Tech or elsewhere may apply to have their course requirements reduced by up to 12 credit hours.

View details

Admission Requirements

• Completed online application
• Official transcript submission with a minimum cumulative grade-point average of 3.0 on a 4.0 scale
• GMAT or GRE scores are required
• A one-page statement of purpose, with goals and objectives
• Three to four letters of recommendation from professors or employers
• English proficiency exam, if required

Given the prescribed sequence of required courses, new students are only admitted in the fall semester of each year.

Have Questions? Connect with Us

For any questions about Stuart School of Business degree programs or the application and enrollment process, contact our Director of Student Recruitment Claire Johnson .

Scholarships

The Stuart Doctoral Scholarship is available for select students pursuing a Ph.D. in Management Science and Analytics. Scholarship values vary; in academic year 2023–24 the maximum award is $25,500 ($425 per credit hour, with a maximum of 60 credit hours of coverage) and the Doctoral Scholarship may only be applied toward Stuart tuition charges. Read more about Stuart scholarship opportunities and tuition and fees:

Stuart Scholarships     Tuition and Fees

Mentors and Colleagues in Research

Stuart School of Business faculty are not just research mentors for doctoral students. Frequently they are colleagues with their students and recent graduates on research papers published in top scholarly journals. See a list of recent research collaborations and use the link below to learn more about the vibrant research community at Stuart.

Experiences to Build Your Career Path

• Assistantships with Stuart faculty members provide opportunities for Ph.D. students to take on roles in the classroom, research, or academic program administration.
• Program Director Ricky Cooper works closely with doctoral students interested in academic careers to arrange adjunct teaching positions at universities and colleges in the Chicago area.
• For students looking toward careers in industry, nonprofit organizations, and government, Illinois Tech’s unique Elevate program guarantees opportunities for internships and other hands-on experiences.

Featured Faculty

Ricky “Rick” Cooper

Haizhi Wang

Benjamin E. Van Vliet

Sang Baum “Solomon” Kang

Priyanka Sharma

Siva K. Balasubramanian

Flexibility to pursue a master’s or doctorate.

Students’ career objectives can change while they are in graduate school and Stuart School of Business has designed the Ph.D. in Finance program to be a stackable degree on top of the Master of Science in Financial Economics degree in order to provide flexibility for students.

• A Ph.D. in Finance student who has completed the 33 graduate credit hours in the program that comprise the M.S. in Financial Economics degree may choose to graduate with that degree instead of completing the Ph.D. in Finance.
• Students who are currently enrolled in the Stuart M.S. in Financial Economics, M.S. in Finance, or M.S. in Management Science and Analytics programs may apply to transfer into the Ph.D. in Finance program provided they meet certain criteria.

Stuart Stands Out

Career placement rate.

—Stuart School of Business 2022 master’s and Ph.D. graduates reporting

Stuart is AACSB Accredited. Only 6% of Business Schools Globally Are.

—Association to Advance Collegiate Schools of Business International

Your Choice: Complete Your Ph.D. Full-time or Part-time

Move your career forward.

Alumni Connections

A global network of accomplished Illinois Tech alumni is available to engage with and support our students.

Career Development

Stuart’s Career Management Center offers individualized career counseling, resources for job and internship search, and opportunities to network with industry professionals.

Learn more...

Course Catalog

Accountancy, mas.

for the degree of Master of Accounting Science in Accountancy

The M.A.S. program is a one-year program for students who have completed or are pursuing a Bachelor of Science in Accountancy from an accredited U.S. institution. Each student will select either Taxation or Financial Reporting & Assurance for their core accounting concentration. Students are also required to select a secondary graduate elective concentration. By design, the program emphasizes the emerging trend of data analytics in the practice of accounting, with a standard course plan that leads to a graduate concentration in D ata Analytics in Accountancy  to fulfill the graduate electives. Students have the choice of remaining in the standard course plan or selecting from among the following alternative graduate concentrations to fulfill the graduate elective requirement: C orporate Governance and International Business , F inance , F inancial Reporting & Assurance , I nformation Technology & Control , R eal Estate , Taxation , and S upply Chain Management . Students who wish to deviate from the standard course plan, but do not wish to pursue a listed graduate concentration, may petition to take other graduate courses of interest subject to approval of an Accountancy Advisor. Admission to a concentration requires application to the Department. Admission to some concentrations may be competitive. 

Admission All applicants to the Master of Accounting Science program should refer to MAS program .

For additional details and requirements refer to the  department's program information online  and the  Graduate College Handbook .

Other Requirements

Disciplinary Competence: Students will build on their undergraduate education by acquiring advanced accounting and data analytics knowledge to manage advanced, complex transactions and business problems.

Advanced Professional Research skills: Students will be able to identify, interpret, and apply relevant authoritative guidance and data to address complex accounting problems.

Professional Preparation: Students will develop advanced knowledge of an accountant's professional responsibilities and the value of diversity and inclusion. 

for the degree of Master of Accounting Science in Accountancy  

Graduate Degree Programs in Accountancy

• Corporate Governance & International Business
• Data Analytics in Accountancy
• Financial Reporting & Assurance
• Information Technology & Control
• Real Estate
• Supply Chain Management
• Accountancy Analytics (online)
• Digital Marketing
• Entrepreneurship & Strategic Innovation
• Global Challenges in Business
• Accountancy, PhD
• Accountancy
• Accounting Data Analytics, CERT (online)
• Accounting Foundations, CERT (online)
• CPA Pathways, CERT (online)
• Taxation, CERT (online)

Accounting Chair of Department: Michael Donohoe Director of Graduate Studies: Justin Leiby Associate Director of Graduate Studies: Ashley Lamb Program Website Department Website 360 Wohlers Hall, 1206 South Sixth, Champaign, IL 61820  (217) 333-0857   [email protected]

Gies College of Business College Website

Admissions Grad College Admissions & Requirements Gies College Admissions & Requirements

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Doctoral Degrees

Reach new heights in your field

UIC Business doctoral students study with recognized leaders in accounting, entrepreneurship, finance, human resources, information and decision sciences, management, marketing and strategy. We welcome you to join us.

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• PhD in Business Administration — Human Resources
• PhD in Business Administration — IDS
• PhD in Management Information Systems

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Class of 2026

Liana lanford, madaline meagher, morgan merrill, fabianna morell, kat sakdaauscoskul, kendal schreder, melinda thompson, sharon tran.

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Tuition and Fees 2024-2025

Undergraduate Rates

Full-time (12 - 19 credits): flat-rate per semester.

Part-time (less than 12 credits): Per-credit rate

* Students enrolled in Summer Session I or II are assessed the per-credit rate for all courses taken.

Full-time overload (more than 19 credits)

In-State Residents - $460.83 per each additional credit. Out-of-State Residents - $715.15 per each additional credit.

Additional Information

Non-degree, non-matriculated and certification students are charged the per-credit rate for each credit registered according to the level (graduate or undergraduate) of each course. All non-immigrant alien visa holders (this includes F’s, J’s and H’s) regardless of New Jersey residency are charged out-of-state tuition and fees. For more information, please visit the  Kean International Student  web-page. 

Please visit the  Cost of Attendance page  for additional information on direct costs and indirect costs pertaining to the cost of attendance.

Psychology and Psychiatric Rehabilitation Dual Major Program with Rutgers University - BS Degree 

All Psychiatric Rehabilitation courses are taught by Rutgers faculty, are offered off site at the Rutgers Scotch Plains campus and therefore charged according to the Rutgers University School of Health Professions Undergraduate tuition and fee schedule .

Any Kean University courses taken during the same semester will be charged according to the Kean University Undergraduate fee schedule above.  

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Graduate Rates

Per-credit rate

Non-degree, non-matriculated and certification students are charged the per-credit rate for each credit registered according to the level (graduate or undergraduate) of each course. All non-immigrant alien visa holders (this includes F’s, J’s and H’s) regardless of New Jersey residency are charged out-of-state tuition and fees. For more information, please visit the  Kean International Student  web-page.

Cohort and Special Graduate Program Rates

Master of arts in speech pathology.

Full-time (9 or more credits): Flat-rate per semester

Part-time (less than 9 credits): Per-credit rate

* Students enrolled in 9 or more credits between Summer Session I and Summer Session II, will be offered the full-time, flat-rate.

Master of Science in Occupational Therapy (Per-credit)

Master of Social Work

Master of Science in Genetic Counseling

Part-time (less than 9 credit): Per-credit rate

Master of Science in Physician Assistant Studies

Full-time (9 or more): Flat-rate per semester

Master of Architecture

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Doctoral Rates

Educational leadership, nursing, counseling & supervision, slpd.

Doctoral Clinic Fees - Psy.D and OTD Programs

Full-time (per semester): $764.98 Part-Time (per semester): $384.69

Doctor of Occupational Therapy (OTD) 

School and Clinical Psychology (PsyD)

Full-time (9 credits and above): Flat-rate per semester

Doctor of Physical Therapy 

Kean Online Rates

Kean online undergraduate (in-state and out-of-state).

Full-time overload (more than 19 credits) is $460.83 per each additional credit.

Kean Online Graduate (In-state and Out-of-state)

Mandatory University Fees and Descriptions

Undergraduate fee table.

Graduate/Doctoral Fee Table

Mandatory University Fee Descriptions

Capital Improvement Fee:  The capital service improvement fee is used for debt, and to fund renovation and construction projects costing $500,000 or more those are not funded by bonds. 

University Centers Fee : The University Centers Fee is used to support the operations of the Miron Student Center (MSC) and the Kean Wellness Center (KWC), including funding for various student programs and marketing, facility supplies and equipment, building maintenance and upgrades, computer labs, software, hardware, and salaries for student and professional staff.

Miscellaneous Fees

*These fees are non-refundable.

*** Kean University reserves the right to adjust tuition and fees. ***  

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Group Expectations Documents for Chemistry Labs

The goal of a Group Expectations Document is to describe the group’s mission, responsibilities of the faculty member, expectations of group members including working hours and graduation requirements (e.g., minimum number of manuscripts), the faculty member’s values, and other information the faculty member feels is important for graduate students to know before joining their group.

All Chemistry faculty are required to have their group expectations documents publicly accessible for current Chemistry department members, including graduate students and faculty. Some faculty have chosen to make their group expectations documents publicly accessible, with no NetID authentication required. Other faculty have chosen to make their documents accessible in Box by NetID authentication.

Group Expectations Documents