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Qualification type
PhD

Accounting and Finance

Funding
Self-funded
Study mode
Full-time
Part-time
Duration
3-4 years
4-6 years
Apply by
Year round
Start date
Year round
Subject area
Accounting, Finance and Economics

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Overview

Become a specialist in building impactful research-based solutions to current and future challenges in micro and macro finance, with our Accounting and Finance PhD programme.

Introduction

If you have a master’s degree in accounting and finance or a related field, the University of Liverpool Management School offers the perfect environment to become a world-class specialist researcher in this area.

Our Accounting and Finance PhD gives you the opportunity to explore your own ideas while you receive thought-provoking advice from our academic staff.

We offer tailored training with modules designed to develop your research skills in accounting and finance. The modules cover:

  • Corporate finance and accounting
  • Theory asset pricing theory
  • Empirical corporate finance
  • Accounting empirical asset pricing.

You’ll also receive additional training via workshops, seminars and conferences.

To ensure you are fully supported during your thesis, you’ll work with a primary supervisor who is a leading expert in their field, and a secondary supervisor, who is a promising early career researcher specialising in your area of study.

Although you can start this PhD at the beginning of any month, we recommend doing so in October or January where possible. This coincides with the start dates of our training modules.

Research topics

Our Accounting and Finance PhD covers a wide range of topics for investigation, from investment strategies and corporate finance to global financial dynamics and macroeconomic relationships.

We welcome research proposals in topics including:

Asset pricing and investment
  • Empirical asset pricing and performance evaluation
  • Investment technology, ethics and strategy
  • Equity and other asset classes
  • Financial econometrics and machine learning.
Corporate finance and accounting
  • Corporate governance and shareholder value
  • Corporate finance, networks and insider trading
  • Market-based accounting research and corporate transparency
  • Sustainability, corporate social responsibility (CSR) and environmental, social and governance (ESG).
International financial markets and the macroeconomy
  • Sovereign debt and international monetary policy
  • Time series analysis of macro and financial indicators
  • Impact of social media on financial markets.
Financial technology (FinTech)
  • Payment technologies and the future of money
  • Explainable artificial intelligence (AI) in financial services
  • Integration of FinTech and big data in financial markets and sustainable finance.
In addition to the research topics highlighted above, you’re also welcome to suggest your own theme for a potential research project.

Research culture

One of an elite group of institutions worldwide to hold the gold standard ‘triple-crown’ accreditation from AACSB, AMBA and EQUIS, the Management School is a research powerhouse.

Home to six specialist research centres, you’ll be joining a school where you can actively participate in current research activities. There’s also the chance to attend seminars where prominent international speakers present their latest ideas and research.

The Accounting and Finance Group is one of largest in the UK. Its international experts lead pioneering research and shape academic thought by producing real-world impacts in business practice, policymaking and society.

12th in the sector for world leading or or internationally excellent research

(Research Excellence Framework, 2021)

100% of research supported by a world leading or an internationally excellent environment

(Research Excellence Framework, 2021)

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How to apply

  1. 1. Identify potential supervisors

    You should suggest potential supervisors in your application. To find academics that align with your intended research project, please check our list of Accounting and Finance experts.

    If you need advice on appropriate supervisors, you are welcome to contact:

  2. 2. Prepare your application documents

    You may need the following documents to complete your online application:

    • A research proposal (this should cover the research you’d like to undertake)
    • University transcriptsand degree certificates to date
    • Passport details (international applicants only)
    • English language certificates (international applicants only)
    • A personal statement
    • A curriculum vitae (CV)
    • Contact details for your preferred primary supervisor
    • Names and contact details of two referees.
  3. 3. Apply

    Finally, register and apply online. You'll receive an email acknowledgment once you've submitted your application. We'll be in touch with further details about what happens next.

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My qualifications are from United Kingdom.

Fees and funding

Your tuition fees, funding your studies, and other costs to consider.

Tuition fees

UK fees (applies to Channel Islands, Isle of Man and Republic of Ireland)

Full-time place, per year - £5,006
Part-time place, per year - £2,503

International fees

Full-time place, per year - £24,599
Part-time place, per year - £12,300

Fees stated are for the 2025-26 academic year.


Additional costs

We understand that budgeting for your time at university is important, and we want to make sure you understand any costs that are not covered by your tuition fee. This could include buying a laptop, books, or stationery.

Find out more about the additional study costs that may apply to this degree.


Funding your PhD

If you're a UK national, or have settled status in the UK, you may be eligible to apply for a Postgraduate Doctoral Loan worth up to £30,301 to help with course fees and living costs.

There’s also a variety of alternative sources of funding. These include funded research opportunities and financial support from UK research councils, charities and trusts. Your supervisor may be able to help you secure funding.


Scholarships and bursaries

We offer a range of scholarships and bursaries that could help pay your tuition fees and living expenses.

Duncan Norman Research Scholarship

If you’re awarded this prestigious scholarship, you’ll receive significant funding to support your postgraduate research. This includes full payment of your PhD fees and a cash bursary of £17,000 per year while you study. One award is available in each academic year.

John Lennon Memorial Scholarship

If you’re a UK student, either born in or with strong family connections to Merseyside, you could be eligible to apply for financial support worth up to £12,000 per year for up to three years of full-time postgraduate research (or up to five years part-time pro-rata).

Sport Liverpool Performance Programme

Apply to receive tailored training support to enhance your sporting performance. Our athlete support package includes a range of benefits, from bespoke strength and conditioning training to physiotherapy sessions and one-to-one nutritional advice.

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Facilities and resources

The Management School’s facilities for PhD students include two computer suites and dedicated hot-desk spaces, allowing for plenty of interaction with leading researchers and other students.

In addition to dedicated servers for computation-intensive research, the McKenzie Trading Room has a live stock market ticker and 40 Bloomberg terminals with access to specialist financial data, such as equities, commodities, foreign exchange and price indices.

You’ll enjoy free access to LSEG Data and Analytics, the world’s most comprehensive financial time series database, to help you build your own macroeconomic analysis, create market scenarios and test investment strategies.

Alongside free access to specialist statistical and econometrics software (eg StataRSASEviews and Matlab) our Library offers a broad list of globally recognised databases for financial research:

Virtual tour

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Meet our PhD researchers

These are the trailblazers, the leaders, the true originals. Our postgraduate researchers are shaping their future, and the future of the world we live in, advancing knowledge with each discovery.

Four postgraduate students walking on campus.

Chat with our students

Want to find out more about studying a PhD with us? Chat with our postgraduate research student ambassadors and ask any questions you have.

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Entry requirements

Discover the qualifications you'll need to apply for this course.

You’ll need a UK master’s degree, or international equivalent, in accounting and finance or a related discipline, preferably at merit or above, plus demonstrable quantitative and programming skills.

To discuss the entry requirements for this programme, please contact the Management School’s Postgraduate Research Team.


English language requirements

You'll need to demonstrate competence in the use of English language, unless you’re from a majority English speaking country.

We accept a variety of international language tests and country-specific qualifications.

International applicants who do not meet the minimum required standard of English language can complete one of our Pre-Sessional English courses to achieve the required level.

Qualification Details
IELTS 7.0 overall, with no component below 6.5
TOEFL iBT 100 overall, with minimum scores of listening 21, writing 21, reading 21 and speaking 23. TOEFL Home Edition not accepted.
Duolingo English Test 130 overall, with no component below 120
Pearson PTE Academic 69 overall, with no component below 61
LanguageCert Academic 75 overall, with no skill below 70
PSI Skills for English C1 Pass in all bands

Pre-sessional English

Do you need to complete a Pre-sessional English course to meet the English language requirements for this course?

The length of Pre-sessional English course you’ll need to take depends on your current level of English language ability.

Pre-sessional English in detail

If you don’t meet our English language requirements, we can use your most recent IELTS score, or the equivalent score in selected other English language tests, to determine the length of Pre-sessional English course you require.

Use the table below to check the course length you're likely to require for your current English language ability and see whether the course is available on campus or online.

Your most recent IELTS score Pre-sessional English course length On campus or online
6.5 overall, with no component below 6.5 6 weeks On campus
6.5 overall, with no component below 6.0 10 weeks On campus and online options available
6.5 overall, with no component below 5.5 12 weeks On campus and online options available
6.0 overall, with no component below 5.5 20 weeks On campus
5.5 overall, with no component below 5.0 30 weeks On campus
5.0 overall, with no more than one component below 5.0, and no component below 4.5 40 weeks On campus

If you’ve completed an alternative English language test to IELTS, we may be able to use this to assess your English language ability and determine the Pre-sessional English course length you require.

Please see our guide to Pre-sessional English entry requirements for IELTS 7.0 overall, with no component below 6.5, for further details.

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Contact us

Have a question about this research opportunity or studying a PhD with us? Please get in touch with us, using the contact details below, and we’ll be happy to assist you.

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