PhD in Finance

Wayne State University (United States) · 42 W Warren Ave, Detroit, MI 48202, United States

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Wayne State University (WSU) is a public research university in Detroit, Michigan. It is Michigan's third-largest university. Founded in 1868, Wayne State consists of 13 schools and colleges offering approximately 350 programs to more than 26,000 graduate and undergraduate students. Wayne State University, along with the University of Michigan and Michigan State University, compose the University Research Corridor of Michigan. Wayne State is classified among "R1: Doctoral Universities – Very high research activity"

Program Details:

Program Website

Basic Info

Institute

Mike Ilitch School of Business

Degree

PhD

Duration

5-6 years

STEM Designated

Yes

Program

Finance

Expense

Living Expenses

USD 18000

Tuition Fee (Domestic)

USD 13900

Tuition Fee (International)

USD 28100

Eligibility

Minimum/ Avg Score

IELTS

6.5

TOEFL

Undergrad GPA

3.5

PTE

Duolingo

110

GMAT (Old)

691

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Deadlines:

Deadline Website

Intake Deadline 1

15 Jan, 2026

(August-2026)

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Document Required:

Degree Certificate

Common Document

Master's or a Bachelor's degree

Letter of Recommendation (LOR)

University Specific

Three letters of recommendation from, for instance, former professors or work supervisors

Statement of Purpose (SOP)

University Specific

A Statement of Purpose indicating why you would like to pursue a doctoral degree in the program of study you have chosen and why at the Ilitch Business School

Test Score Report

Common Document

1) GMAT/GRE 2) IELTS/TOEFL/PTE/Duolingo

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FAQs

The tuition fees for the PhD in Finance at Wayne State University are $13,900 for domestic students and $28,100 for international students.
The next available intake for the PhD in Finance program at Wayne State University is in August 2026.
To apply for the PhD in Finance at Wayne State University, you need to submit a Degree Certificate, Test Score Report, Statement of Purpose (SOP), and a Letter of Recommendation (LOR).
The English proficiency requirements for the PhD in Finance at Wayne State University are an IELTS score of 6.5 or higher, TOEFL score of 79 or higher, PTE score of 58 or higher, or Duolingo score of 110 or higher.
The median undergraduate GPA for applicants to the PhD in Finance at Wayne State University is 3.5.
The median GMAT score for the PhD in Finance program at Wayne State University is 691.
Yes, applicants to the PhD in Finance at Wayne State University are required to submit test scores, including a GMAT score with a median range of 691.
To improve your application for the PhD in Finance at Wayne State University, ensure you have a strong Statement of Purpose, secure compelling Letters of Recommendation, and meet or exceed the required test scores and GPA.

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PhD in Finance

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