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What is a PhD programme?

A PhD is usually a 3-year (180 ECTS) academic research degree. The components of the programme are:

• Independent research under supervision
• Courses for PhD students (approximately 30 ECTS credits)
• Participation in research networks, including placements at other, primarily foreign, research institutions
• Teaching or another form of knowledge dissemination, which is related to the PhD topic when possible.
• The completion of a PhD thesis. The thesis can be a 200-page article or a collection of shorter research articles. The thesis is defended orally.

PhD programmes and courses are offered at Danish universities , which all offer excellent research, library and laboratory facilities for researchers and PhD students in addition to joint partnerships with industry.

PhD students are often encouraged to participate in research networks, including placements at overseas research institutions. A range of funding opportunities are available: Please visit the Researchers Mobility Portal for more information.

Who can apply?

As each institution in Denmark is responsible for its own admissions, requirements will vary. However, you will usually be required to have a recognised Masters degree in a relevant subject in order to be enrolled as a PhD student. Also, the applicants should also have good command of the English language.

For the students, who know that they want to pursue the researcher-path early on, the faculties have the option of starting a research degree directly after a bachelor’s. If this is the path you want to take, you can start a so-called 3+5 programme, which means starting your PhD and master's at the same time. Some faculties have a 4+4 programme where you can start your PhD after a year of master’s studies. The Faculty of Science at the University of Copenhagen offers these two programmes, for example. Each individual universitiy lays down its own rules regarding this type of hybrid PhD. An example of this is Aarhus University’s 4- and 5-year PhD scholarships .

What should I include in my application?

In Denmark you must apply for PhD programmes in writing via advertised projects and scholarships . Usually, you either apply for an opportunity with a pre-defined research topic, or you propose your own research ideas.

You also have to include a transcript of your grades for your bachelor’s and master’s degrees with documentation of your grades, and a CV.

How can I finance my PhD?

For students from the EU/EEA/Switzerland higher education in Denmark is free

You may be eligible for free tuition as an international student, provided you meet one of the following conditions:

• You hold a permanent residence permit
• You hold a temporary residence permit that can be upgraded to a permanent one
• You hold a residence permit as the accompanying child of a non-EU/EEA holding a residence permit based on employment

All other students pay tuition fees. The fee is 50,000 DKK per year, i.e. 150,000 DKK for three years and is not postponed during any absence from the three-year PhD programme such as maternity/paternity leave, other leaves of absence or long-term illness.

The first rate is paid at enrolment, the second rate is paid in the first quarter of the calendar year following enrolment and the third rate is paid in the first quarter of the second calendar year following enrolment.

The grant provider must guarantee for the payment of the tuition fee for all three years when applying for enrolment.

The tuition fee covers

• PhD courses included in the Graduate School’s course catalogue
• PhD courses at other Danish universities and to some extent courses from other providers in Denmark or abroad
• Expenses regarding stays at other research environments in Denmark or abroad
• Activities in the graduate programmes
• Assessments and defense of your PhD thesis

Therefore, you have to be able to finance both your degree and your living costs. You can do this in several different ways:

Industrial PhD

If you aim to conduct a research project with commercial perspectives, you can apply for an industrial PhD. You will be employed by a private sector company and at the same time enrolled as a PhD student at the Graduate School at a university.

As an industrial PhD student you will carry out research where results are applied in an enterprise setting. The cooperation between university and industry gives you access to new knowledge and innovation provided by the private sector company.

Application process for the industrial PhD

• Start by finding a private sector company and a university supervisor for your PhD project.
• The private sector company must send an application to Innovation Fund Denmark to apply for the industrial PhD grant on your behalf.
• If successful, you can apply for enrolment at the Graduate School.

Visit the website of Innovation Fund Denmark to learn about application deadlines, requirements and how to proceed with your application.

How much can you expect to be paid as a PhD student?

If you are funded by a faculty  or a department, your salary is regulated by the Agreement between the Danish Confederation of Professional Associations and the Ministry of Finance (in Danish) (AC agreement). The average monthly salary for a PhD fellow at the University of Copenhagen is 32,567 DKK. After earning their doctorate , researchers go on to a postdoc which, in Denmark , can last up to four years at the same university.

PhD students employed at a hospital:

If you are employed at a hospital your salary follows the collective agreements in place at the Danish regions. In this agreement your employment depends on the degree you hold. Medical doctors are employed according to the collective agreement of the Danish Medical Association while other candidates are employed following the AC agreement. Contact your employer for more information.

Industrial PhD students employed by a private sector company

If you are employed as an industrial PhD student, your salary follows the collective agreement in place at your company. Contact your employer for more information.

Who gets accepted?

The head of the relevant PhD school decides which applicants will be accepted and enrolled into the programme – but of course it is not entirely at his/her own discretion. The applicants are selected based on a recommendation from the academic staff members on the faculty’s PhD committee.

When can I apply?

Job banks at universities are full of postings. You can also search for a PhD course here :

Video: Dario is doing his PhD in Sustainable Energy at The Technical University of Denmark, which is is also offered as a MSc programme. Watch more videos

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Aarhus University logo

Department of Economics and Business Economics

Phd programme .

The PhD programme in Economics and Business Economics is an internationally recognised research training programme. The intention is to bring the students to the international research frontier.

We specialise in a wide range of economic fields including macroeconomics, theoretical and empirical labour economics, finance, business intelligence, econometrics as well as logistics and operations research.

As a PhD student at our department you will have the opportunity to immerse yourself in your research topic and contribute to ongoing research. We provide access to invaluable research resources, such as financial databases and unique Danish register data, ensuring you have the necessary tools to conduct in-depth research and make meaningful contributions to your field.

The department offers a supportive and dynamic research community, encouraging active engagement among PhD students and faculty to share ideas and participate in cutting-edge research projects. Moreover, we provide a lively social atmosphere, facilitating connections with peers and allowing students to enjoy a well-rounded student life.

Our PhD programme is designed to prepare students for academic positions involving research and teaching, as well as for careers in business, government and non-governmental agencies on a worldwide scale.

Head of PhD programme

Helena Skyt   Nielsen

Phd secretary.

Susanne   Christensen

Aarhus BSS School of Business and Social Sciences Aarhus University

Economics and business economics, about the programme:.

During the first part, the PhD students are required to participate in an individually designed advanced course programme. In the second part of the programme the purpose is to develop the PhD students’ ability to conduct research on a specific topic under supervision. The study finishes with a PhD thesis that can be a monograph or a collection of research papers including a summary which explains the scientific outcome of the papers and their connections.

Research facilities:

The Department of Economics and Business Economics is host to numerous research centres, which offer excellent research facilities for our PhD students.

• Read more about our research centres and research groups

National and international cooperation:

The programme cooperates with other Danish PhD programmes in Economics and Finance through the network Danish Graduate Programme in Economics ( DGPE ). The main purpose of this network is to offer specialised field courses to PhD students; also the network organises annual workshops for the PhD students in the participating programmes. The programme is also part of the Nordic Network in Economics (NNE) and the Nordic Finance Network (NFN). The purpose of these networks is to offer field courses in economics and finance across the Nordic countries.

Employment:

Graduates of the PhD programme in Economics and Business Economics find employment in both public and private enterprises. Among others, recent graduates have obtained employment at University of London, Stockholm School of Economics, Nanjing University, University of Gothenburg, Copenhagen Business School, University of Copenhagen, University of Aarhus, McKinsey and Company, PricewaterhouseCoopers, London Economics, Barclays Capital, Bank of America Merill Lynch, International Monetary Fund (IMF), Bank of England, Central Bank of Denmark, Dong Energy, Vestas, ATP, Copenhagen Economics.

Geographic location:

PhD students enrolled in our programme are located at the Department of Economics and Business Economics at Campus Fuglesangs Allé 4, Aarhus.

Approx. number of PhD students:

Head of programme.

Helena Skyt   Nielsen

Susanne   Christensen

• Department of Economics
• PhD Programme

For applicants

PhD students at the Department of Economics have gone through an application process before the have enrolled as a PhD students. A PhD study can be financed by a scholarship from the University of Copenhagen, or by external funds. In the latter case, the student must independently raise the funds, e.g. from a research council or via an employer. Notice that the PhD programme at the University of Copenhagen builds on a Master's degree in Economics (or for the 4+4 Programme a Bachelor in Economics plus one full year of Master's studies in Economics). 

You can get the application forms and information about the application procedure at the Faculty of Social Sciences.

Before applying, we advise you to contact the faculty member whom you would like to become your supervisor.

Introduction to the PhD Programme

The PhD programme in Economics is an advanced education in research, aiming at bringing the student to the international research frontier, and at developing the student’s ability to create research contributions. The programme is designed for skilled students, who are interested in research activities or in continued careers in economic research within the public and private sectors. The PhD programme consists of a course-work part and a research part, a research project on a specific topic. During the first part of the programme, the student attends advanced courses. The study is completed by the thesis, which is an independent piece of work containing research contributions at the international level. Each PhD student has his/her own supervisor, who gives the student general advice about the composition of the PhD Programme and the writing of the thesis. In the course of the programme, the PhD student presents the results of his/her research at the Department of Economics, and at conferences and workshops elsewhere. As a part of the programme the student is supposed to spend some time in another research environment, preferably abroad. Part of the course-work may be completed during this period.

Length of the PhD programme

The Department of Economics offers the PhD programme according to either the 5+3 year model, the 4+4 year model or the 3+5 model..

Admission to the 5+3 year model requires that the student has a master's degree in economics (or an equivalent degree). Duration of the PhD Programme is then 3 years.

Admission to the 4+4 year model requires that the student has a BA in economics and the first year of a graduate programme in economics with the associated examinations. The duration of the PhD Programme is then 4 years.

Admission to the 3+5 year model requires that the student has a BA in economics. The duration of the PhD Programme is then 5 years.

External Cooperation

The Department has a tradition for close cooperation with relevant external partner institutions interested in economic topics. This often concerns research projects with a strong applied focus. In particular, many PhD students have previously obtained financing for their studies from public research institutions in Copenhagen, placed outside the University. In these cases, the PhD students can take advantage of their direct access to the relevant knowledge possessed by the external partners.

Enrollment into the PhD Programme

You must apply to be enrolled as a PhD student. It is up to the Department of Economics to assess whether an applicant is qualified for enrolment or not. A PhD programme can be financed either by applying for one of the PhD scholarships of the University or by being enrolled as externally funded PhD student. In the latter case, you must obtain funding yourself, e.g. from a research council or an external employer.

It is a advisable to contact the lecturer you want as a supervisor before submitting your application.

Application forms and guidelines are available from the PhD school at Faculty of Social Sciences.

Special Admission Requirements

You can be admitted to the PhD programme in Economics on either a 5 + 3 programme, a 4 + 4 programme or a 3 + 5 programme.

Admission to the 5 + 3 programme requires a Master's degree in Economics or Mathematics-Economics from the University of Copenhagen (or equivalent). The special admission requirements, which are not automatically met by these master's programmes, require that the applicant must have completed relevant higher education courses within the core areas of Macroeconomics, Microeconomics and Econometrics. . The Economics PhD study committee lays down specific rules for this, published on the programme homepage .

Admission to the 4+4 programme is based on a successfully completed Bachelor's degree in Economics or Mathematics-Economics plus 60 or more ECTS credit points from a Master's degree in Economics or Mathematics-Economics from the University of Copenhagen (or equivalent). If the applicant has not already fulfilled the specific course requirements of the 5+3 programme, it must be explained how these requirements can be satisfied during the first year of the PhD studies as part of an overall satisfactory plan for the PhD studies. Attention is drawn to the special rules regarding the 4+4 programme (as per Curriculum, Section 6). 

Admission to the 3+5 programme is based on a successfully completed Bachelor's degree in Economics or Mathematics-Economics (or equivalent). In addition, enrollment as a 3+5 student requires that the student meets the admission requirements for the master’s programme in Economics and is assigned a 3+5 scholarship. If the applicant has not already fulfilled the specific course requirements of the 5+3 programme, It must be explained how the applicant can fulfill the specific course requirements of the 5+3 programme during the first two years of the PhD studies as part of an overall satisfactory plan for the PhD studies. Attention is drawn to the special rules regarding the 3+5 programme (as per Curriculum, Section 6).

Vacant PhD Positions

Phd scholarships.

Vacant PhD scholarships in Economics are announced once a year, with application deadlines at around March 1.

Read more and find application form

Read more about the PhD scholarships of Danmarks Nationalbank

PhD Positions of Danmarks Nationalbank

Danmarks Nationalbank invites applications for fellowships to support students enrolled or wishing to enrol in a PhD program. They are especially interested in students planning to work in macroeconomics, finance, macro-labor, and exploit the extensive household and firm micro-data, credit registry and big-datasets available in Denmark. For complete information and to apply please visit https://www.nationalbanken.dk/en/research/phd_program/Pages/default.aspx . Applications will be reviewed on a rolling basis, as they are received.

Graduate School of Social Sciences

The Faculty of Social Sciences has established the Copenhagen Graduate School of Social Sciences to create an overall framework for the PhD degree programmes offered at the Faculty. Read more...

PhD students

Enrolled PhD students at the Department of Economics

PhD programmes

PhD in Copenhagen?

Learn more about the opportunities at the University's six PhD schools.

The PhD Process at UCPH

Answers about funding, admission, supervision, courses and completing a PhD programme.

Tips for studying abroad

What to think about when planning a study tour abroad in connection with a PhD.

Contact PhD Programmes

The University of Copenhagen has six PhD programmes - one for each Faculty.

Regulations

Check the legislation and regulations that apply to PhD's at the University of Copenhagen.

Career opportunities

PhD graduates from UCPH find employment in a wide variety of public and private sector organisations.

Available PhD-positions

See available PhD-positions at the University of Copenhagen.

38 Finance PhD positions in Denmark

Filtered by, refine your search.

• Last-24-hours 2
• Last-3-days 1
• Last-30-days 12
• Scholarship 36
• Research Job 2
• Aalborg University 17
• University of Copenhagen 7
• Copenhagen Business School 5
• Copenhagen Business School , CBS 3
• Technical University of Denmark 2
• ; Aalborg University 1
• Geological Survey of Denmark and Greenland (GEUS) 1
• Roskilde University 1
• University of Southern Denmark 1
• Economics 10
• Computer Science 8
• Medical Sciences 4
• Engineering 3
• Chemistry 2
• Electrical Engineering 2
• Social Sciences 2
• Environment 1
• Linguistics 1
• Mathematics 1
• Psychology 1

PhD scholarships in Finance 2024

25 Jan 2024 Job Information Organisation/Company Copenhagen Business School Department Department of Finance Research Field Economics Researcher Profile First Stage Researcher (R1) Country Denmark

PhD scholarship in Environmental Economics and Sustainable Finance - DTU Management

Skip to main content. Profile Sign Out View More Jobs PhD scholarship in Environmental Economics and Sustainable Finance - DTU Management Kgs. Lyngby, Denmark Job Description The Climate and Energy

Ph.D. scholarship in Multispecies Biofilms

. The terms of employment and salary are in accordance to the agreement between the Ministry of Finance and The Danish Confederation of Professional Associations on Academics in the State (AC). The position is

PhD Stipend in Electrical Calcination

regardless of personal background or belief. Wages and employment Appointment and salary as a PhD fellow are according to the Ministry of Finance Circular of 15 December 2021 on the Collective Agreement

PhD in trophic transfer and ecotoxicological effects of nanoplastic

the Ministry of Finance and AC (the Danish confederation of Professional Associations). The Doctoral School of Science and Environment is an international graduate school that covers a broad range of research

PhD fellowship in Particle Astrophysics and Multimessenger Astrophysics

in Particle Astrophysics and Multimessenger Astrophysics. The project is part of the ERC research project “ANET,” which is financed by the European Research Council. Start date is (expected to be) 01

PhD scholarship in Pension Economics

research area, through publications in books and leading scientific journals in economics and finance . For further information please contact Professor Svend E. Hougaard Jensen, email [email protected]

scientific journals in economics and finance . For further information please contact Professor Svend E. Hougaard Jensen, email [email protected] . Employment and salary A PhD scholarship runs for a period of

Reannouncement - PhD Stipend in Precision health diagnostics for improved prediction, diagnosis and monitoring of adverse effects – a Sino-Danish collaboration

Appointment and salary as a PhD fellow are according to the Ministry of Finance Circular of 15 December 2021 on the Collective Agreement for Academics in Denmark, Appendix 5, regarding PhD fellows, and with

PhD Stipends within Distributed, Embedded and Intelligent Systems

qualified candidates regardless of personal background or belief. Wages and employment Appointment and salary as a PhD fellow are according to the Ministry of Finance Circular of 15 December 2021

Searches related to Finance

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PhD programme

Danmarks Nationalbank offers several fellowships to support students enrolled in a PhD programme in economics or finance. Resident students are hosted at Danmarks Nationalbank for the duration of their PhD programme and collaborate with economists on research projects.

PhD fellows will be mentored by the academic advisers on the PhD programme at the university where they are enrolled. They must be physically present at the bank on a regular basis during the week, participate in the bank’s professional and social environment, be integrated in the activities of the Research Unit and work towards the completion of their PhD thesis.

As a PhD student in Danmarks Nationalbank, you will:

Get a monthly stipend equivalent to the PhD stipend offered by Danish universities and an office space with seaside view.

Collaborate with a young international team of PhD economists working in the Research Unit on research topics within macroeconomics, finance, household finance and labour economics.

Work with extensive household, enterprise and bank microdata.

Benefit from the wide range of expertise of economists working in different areas of the bank and be exposed to lively policy discussions that have inspired numerous research projects.

Participate in numerous workshops, research seminars and conferences.

PhD fellow impressions

Christian Philip Hoeck started in 2021 as a PhD student at the bank. He is particularly pleased with the network he has gained.

“I’m affiliated with both the Research department here at Danmarks Nationalbank and the Department of Economics at the University of Copenhagen. I can therefore draw on both networks, and I think that’s a great advantage,” he says.

Christian is also pleased with the opportunity to follow the bank’s work from the inside.

“While writing my dissertation, I’m also part of the Economics and Monetary Policy department. It gives me the opportunity to follow how Danmarks Nationalbank relates to developments in the Danish and international economy,” he says.

Current participants

Past participants.

Past participants in the PhD programme have undertaken careers in research, policymaking, and consulting, including positions at Danmarks Nationalbank, the University of Copenhagen, the Danish Financial Supervisory Authority, the European Banking Authority, the Bank of England and private employers. Their research work has been published, among others, in the European Economic Review, the Scandinavian Journal of Economics, the Journal of Economic Dynamics and Control, the Journal of Macroeconomics and the Journal of Empirical Finance. 

PhD School in the Humanities

• How to obtain a PhD scholarship
• Financing and types of...

Financing and types of PhD scholarships

There are various ways to finance your PhD education. Usually, you will need a scholarship.

Scholarships can be obtained through open calls in the departments of the faculty, or through specific calls for applications for scholarships with a predefined topic. You may also apply for an industrial PhD scholarship in collaboration with a private or public company, or an external funding body with a defined research aim such as art history, primary education, or other strategic research areas.

Open call for PhD scholarship applications by the faculty

(calls posted once a year)

At the Faculty of Humanities, the departments announce open calls for PhD scholarship applications once a year – usually in December. These are competitive open scholarships which means that PhD applicants are free to define their individual PhD research project within one of the departments' research areas.

We invite all qualified candidates to apply for the annual open PhD scholarships in the departments of the Faculty of the Humanities. Applicants should propose a PhD project that fits the relevant department’s research profile and write an individual project description that defines the objectives and research questions and describes the state of the art, data, theory, and methods for the PhD project.  

Applications will undergo an academic evaluation process. Usually, there are many applicants from both Denmark and abroad. Based on previous years' experience, the chances of obtaining a scholarship are between 5-10%.  

PhD scholarships in the Humanities with a predefined topic and research objective

(calls posted throughout the year)

Another option is to apply for PhD scholarships within a predefined research area and topic – usually as part of a larger, collective research project. Calls for PhD scholarships with a predefined topic will be posted throughout the year.

Unlike the open calls, the topic of the PhD project is already defined, but applicants still have to compose an individual project description to fit the call as a basis for evaluation of their merits.

PhD scholarships funded by external funding bodies and funding instruments

A few private and public foundations in Denmark have a funding instrument for PhD students. For example, the Independent Research Fund Denmark funds PhD students who are employed by public research institutions outside the university. The funding covers the enrolment at the PhD school in the Humanities.

The PhD Council for Educational Research funds PhD fellowships research in primary and lower secondary schools. In this case, the PhD fellowship is a collaboration between the university (the PhD school) and a university college as a partner institution.

The Novo Nordisk Foundation funds PhD scholars in art history.

In general, these funding bodies and instruments require that enrolment at the PhD School in the Humanities is pre-approved prior to applying. You can c ontact the PhD Administration for further guidelines and deadlines if you wish to apply for pre-approval of enrolment.

The Innovation Fund Denmark funds PhD scholarships in collaboration between a university and a private or public company. Read about the Industrial PhD programme .

Applying for enrolment with an international grant or as a self-financed international PhD student

You can apply for admission to the PhD School and bring your own funds to cover tuition fees and living expenses for the duration of the 3-year programme. To apply as a self-financed PhD student, you must provide a bank statement to demonstrate your ability to pay tuition fees (216,000 DDK - 2024) and living expenses (the required minimum monthly allowance is DDK 13,640 - 2024). The PhD programme is a full-time programme and does not allow you to hold another job at the same time.

More information

See current announcements of scholarships from the faculty and collaborating institutions.

See admission requirements and application procedures .

Graduate School of Health and Medical Sciences

Funding your phd.

To apply for enrolment as a PhD you must have funding to cover your project-related expenses such as the tuition fee, courses, salary, equipment, conferences, books, travel expenses etc.

You can contact your supervisor to get help with the funding of your PhD.

Payment of the tuition fee

All PhD students pay a tuition fee. The fee is 50,000 DKK per year, i.e. 150,000 DKK for three years and is not postponed during any absence from the three-year PhD programme such as maternity/paternity leave, other leaves of absence or long-term illness.

The first rate is paid at enrolment, the second rate is paid in the first quarter of the calendar year following enrolment and the third rate is paid in the first quarter of the second calendar year following enrolment.

The grant provider must guarantee the payment of the tuition fee for all three years when applying for enrolment.

The tuition fee covers

• PhD courses included in the Graduate School’s course catalogue
• PhD courses at other Danish universities and to some extent courses from other providers in Denmark or abroad
• Expenses regarding stays at other research environments in Denmark or abroad
• Activities in the graduate programmes
• Assessments and defence of your PhD thesis

PhD salary - depends on your place of employment

Phd students employed at the university of copenhagen.

If you are funded by the Faculty or a department, your salary are regulated by the Agreement between the Danish Confederation of Professional Associations and the Ministry of Finance (in Danish) (AC agreement).

PhD students employed at a hospital

If you are employed at a hospital your salary follows the collective agreements in place at the Danish regions. In this agreement your employment depends on the degree you hold. Medical doctors are employed according to the collective agreement of the Danish Medical Association while other candidates are employed following the AC agreement. Contact your employer for more information.

Industrial PhD students employed by a private sector company

If you are employed as an industrial PhD student, your salary follows the collective agreement in place at your company. Contact your employer for more information.

Project-related expenses

Industrial PhDs receive an amount per year to help cover these expenses. For all other PhDs, these costs must be covered by the department or the grant provider.

Other funding opportunities

You can look for scholarship advertisements at the faculty departments, graduate programmes or research centres. You can also look into private funds, grants and similar.

Read more about other funding opportunities.

Going abroad

If you are going abroad in connection with your change of research environment, you can apply for financial support from the Graduate School .

Meet the first 10 DDSA PhD Fellows awarded in 2022 in this video!

Ddsa phd fellowship call 2024, call closed.

Open call for the third award of 10 three-year PhD Fellowships of DKK 1.8 million each. We award visionary and creative-thinking young data scientists who want to pursue their own research ideas in collaboration with a strong host environment at a Danish research institution. Application deadline is February 28, 2024.

______________________________________________

Call for Applications  

Danish Data Science Academy (DDSA) invites applications for ten three-year PhD fellowships of DKK 1,800,000 (+ 5% administrative costs) to visionary and creative-thinking young data scientists who want to pursue their own research ideas in collaboration with a strong host environment at a Danish research institution.  

Applications can be within any field of data science aligning with the DDSA research scope .   

DDSA welcomes applications from candidates eligible for a Danish PhD programme (the 3+5, 4+4 and 5+3 models). It is a requirement that the applicant has a well-defined project proposal as well as an agreement with a principal supervisor at a Danish university, and that the candidate will enroll to the relevant PhD Scho o l prior to December 1 5 , 2024.  

We also welcome applications from candidates who applied for a PhD fellowship during the previous rounds of applications (2022 and 2023), but who did not receive a grant.    

Deadline for applications is February 28, 2024, 23:59 (UTC + 01:00).

Applications must be submitted via the DDSA Funding Portal .  

Please note that DDSA does not fund industrial PhDs, offer co-funding or fund students already enrolled at a PhD School.

Please make sure to read the full application guidelines before you start your application process. Applications not fulfilling the requirements will be rejected without further consideration. In this case, you will receive a formal rejection .  

The DDSA PhD Fellowship is a fixed individual research grant aiming to attract and support visionary data science students that want to develop their own PhD project in collaboration with a strong hosting environment at a Danish research institution. By focusing on academic freedom and the student-driven research idea, we aim to engage and empower the new generation of data science researchers.

DDSA encourages cross-disciplinary and collaborative projects with more than one supervisor from different disciplines. The interdisciplinary aspect is not limited to spanning theory and application but can also span different applications or different theoretical approaches.  

If granted a DDSA Fellowship, you will join a vibrant community of young data scientists #GrowingDanishDataScience across scientific domains and disciplines.  

Who can Apply?

We welcome applications that combine excellent data science qualifications, creativity, passion for research, and the desire to engage with the data science community.  

All interested candidates irrespective of age, gender, ethnicity, disability, nationality, or religion are encouraged to apply.  

Eligibility Criteria

Applicants with a Master’s degree (the 5 +3 PhD model) :

You can apply for a DDSA Fellowship based on a two-year Master’s degree (120 ECTS points), in addition to a Bachelor’s degree (180 ECTS points), or equivalent. If you have not yet finalised your Master’s degree by the time of application, you must provide a statement from your Master’s thesis supervisor.  

Applicants without a Master’s degree (the 4+4 and 3+5 PhD models) : 

You can also apply based on your Bachelor’s degree, and thereby integrate your Master’s degree and PhD education (the so-called 4+4 and 3+5 PhD models). If you have not yet finalised your Bachelor’s degree by the time of application, you must provide a statement from your Bachelor’s thesis supervisor.  

All applicants must have high-level proficiency in oral and written English.  

The Research Project

Your project must be within a field of data science, and may concern basic theoretical research, development of new data science methods and technologies, and/or innovative applications of data science to generate new important insights.  

Projects mainly concerned with methods development must argue convincingly for the potential application and impact.   

Projects that have their primary focus on applications of state-of-the-art data science methods must argue convincingly for the novelty and impact of their data science approach and for the importance of the new knowledge generated.   

Your project must be aligned with the research scope  to one, or both, of the DDSA funders, Novo Nordisk Foundation and VILLUM FONDEN.  

The Supervisor(s) 

In order to apply you must have a letter of support from a principal supervisor who holds a position as an associate professor or professor (or equivalent) at a Danish university and conducts research within the field of your PhD project.

Please note: There is no limit on the numbers of applications per supervisor per funding instrument , however , a principal supervisor can onl y supervise 1 grant recipient per funding instrument per year .

You may have additional co-supervisors as you see fit.  

How to Apply

You apply by submitting your application to the DDSA Funding Portal . Please make sure to carefully read the application guidelines below before you start your application process.

Application Guidelines

Applications not fulfilling the requirements will be rejected without further consideration. In this case, you will receive a formal rejection.

Applications must be submitted via the DDSA Funding Portal . We encourage applicants to log in to the funding portal for details on the application form in good time before submitting the application.   

The application form is divided into three sections: Research Project , Research Environment, and Applicant Qualifications . You may at any time skip forward and back between the sections and save and view changes made to your application prior to submitting.   

Your application must be written in English and include the following:

RESEARH PROJECT

Max. 2,500 characters  

• Abstract in English briefly describing the purpose, methods and significance of the project.  

Project Description  

Max. 8,000 characters excluding figures/tables and list of literature cited (uploaded in separate fields).  

The project description should include:  

• Background and state of the art  
• Research questions and methods  
• Outcome and potential impact  
• Literature cited  

Please note, it is not possible to write your p roject d escription in Latex .  

Data Availability Statement (optional)

It is a prerequisite that the proposed research is conducted in agreement with The Danish Code of Conduct for Research Integrity . Furthermore, if the specific project contains elements of potential ethical concern, please enclose a statement describing these as well as a presentation of measures to ensure responsible research conduct. If the research requires approval from ethical committees, this should be stipulated along the expected approval processing time.  

Motivation Letter  

Max. 4,500 characters  

The motivation letter should address the following:  

• What is your motivation for doing a PhD?  
• What is your motivation for addressing the research questions?  
• Why are you the right candidate to carry out this project?
• How will your research and results impact science and society more broadly?

RESEARCH ENVIRONMENT

CV and Statement of Support from Principal Supervisor  

You must have a supervisor agreement with a principal supervisor who conducts research within the subject of your PhD project, and who is employed as an associate professor or professor (or equivalent) at the university where you wish to enroll.  

Please provide:  

• A short CV of the principal supervisor (max. two pages)
• A signed letter of support from the principal supervisor that describes why he/she supports the candidate and the project, including what prior knowledge he/she has of the candidate  

Co-Supervisor (optional)  

A short CV of the of the co-supervisor (max. two pages)

Description of Research Environment  

Please describe how the collaboration is a good match, and how the host environment will support you in successfully carrying out your research project.  

APPLICANT QUALIFICATIONS  

Max. 6,000 characters  

Your CV should include:  

• Your educational background  
• Additional qualifications and experiences you may have, for instance: studies abroad, pre-graduate research, data science and programming experience, honors, experience with working in a research environment, participation in research conferences/meetings/presentations, teaching experiences, and publications (incl. the status of the paper: published/accepted/under review/preprint), etc. 

Recommendation Letters or other CV Documentation (optional)  

Max. 2 uploads  

Copies of Certificates and Grades  

Applicants with a Master’s degree (the 5+3 PhD model): 

Please provide copies of certificates including full transcripts of grades of both your Bachelor’s degree (180 ETCS) and your Master’s degree (120 ETCS), or equivalent degrees.

If you have not yet finished your Master’s degree, please enclose a statement from your Master’s thesis supervisor including the expected date for handing in the thesis, planned exam date, as well as expectation of a successful outcome.

Applicants without a Master’s degree (the 4+4 and 3+5 PhD models): 

Please provide a copy of your Bachelor degree certificate and full transcripts of grades of your Bachelor degree as well as any Master’s degree courses you may have completed.

If you have not yet finished your Bachelor’s degree, please include transcripts of grades of all Bachelor’s degree courses completed. Furthermore, you must enclose a statement from your Bachelor’s thesis supervisor including the expected date for handing in the thesis, planned exam date, as well as expectation of a successful outcome.

Evaluation Criteria

The proposed research project must be aligned with the Research Scope  to one, or both, of the DDSA funders, Novo Nordisk Foundation and VILLUM FONDEN.  

Applications will be evaluated based on the following six criteria. Each criterion will be given equal weight:

1. Applicant Quality     

• Prior academic achievements and performance  
• Data science and programming experience  
• Motivation and creativity  
• Research experience  
• References   
• Publications (if any)  

2. R esearch Quality (novelty, originality, motivation)  

• Is the proposed research idea novel?   
• Are stated research hypotheses consistent and appropriate?  
• Is the state-of-the-art of the relevant research field adequately described?  
• Is the proposed research likely to produce exciting new knowledge?  
• Is the proposed project sufficiently focused?  

3. Research Impact (on e.g., academic, cultural, societal, economic, health or environmental issues)   

• Is the proposed new knowledge generated useful across scientific domains?  
• Will the proposed research have a high impact? E.g., generate new scientific paradigms or facilitate new analyses that are likely to lead to novel important insights?  
• Will the proposed research impact (multiple) research fields within the DDSA Research Scope ?  

4. Feasibility (the likelihood for the project to obtain the goals envisioned)  

• Is the proposed project technically feasible?  
• Is the relevant data available and accessible to conduct the proposed research?  
• Is the research described realistic given the resources available (applicant + hosting institution)?  
• Is there access to necessary computing resources, equipment, etc.?  
• Are relevant ethical concerns addressed?  

5. Collaboration (the combined quality of the research team (applicant and supervisor) and the broader research environment at the hosting institution)   

• Is there a high synergy between applicant experience and hosting scientific environment?  
• Is collaboration cross-disciplinary  
• Is there adequate scientific quality available in the hosting scientific environment to realize the proposed research project?  
• What is the level of scientific excellence of the hosting environment?  
• Is the synergy of applicant and hosting environment well argued in the application?  

6. Alignment with the Scope of DDSA  

• Is the proposed research within the DDSA Research Scope ?  
• Does the proposal support the creating of a scientific community within data science in Denmark ?  

Evaluation and Selection Process

The evaluation and selection process are conducted by the DDSA Fellowship Evaluation Committee (FEC) , consisting of six international members and six Danish members. The evaluation process is divided into two steps:  

• Scientific evaluation: Each application is individually evaluated by up to four assessors, followed by a full committee discussion meeting. Based on the discussion of applicants, FEC selects 20 candidates for interview.
• Candidate interview: 20 candidates are invited to present their project proposals in a 15-minute virtual interview. Based on this, the FEC recommends 10 grant recipients for the DDSA Board of Directors’ approval.

Please note that interviews will be conducted during week 21 in May, 2024.

Award Notification and Rejection of Applications

Applicants not invited for interview will be informed by ultimo May, 2024. Applicants will receive numerical feedback only.  

Candidates invited for interview but not selected for a fellowship will receive individual feedback on the proposed research project as well as the interview performance medio June 2024.  

Candidates awarded a PhD Fellowship will primo June, 2024, receive a phone call followed by a grant agreement specifying the grant conditions.  

Terms and Practicalities

The DDSA PhD Fellowship  

The fellowship (DKK 1,800,000 + 5% administrative cost, amounting to a total of DKK 1,890,000) is expected to cover three years of salary, tuition fee, external stay as well as relevant travel – and operational costs.   

The fellowship may only be used for the specific project applied for.   

If the total cost of the PhD project should exceed the fixed amount granted, the hosting institution is expected to cover such additional expenses.   

DDSA does not fund industrial PhDs, offer co-funding or fund students already enrolled at a PhD School.  

If the applicant receives another grant covering the same project as described in the application to DDSA, DDSA reserves the right to withdraw the PhD fellowship.  

The PhD Programme 

The PhD project must be carried out in accordance with:  

• The Ministerial Order on the PhD Programme at the Universities of the Danish Ministry of Higher Education and Science  
• The regulations and guidelines defined by the enrolling university  

Enrollment and Employment  

A PhD study in Denmark is by default equal to enrollment in a PhD School at the Danish university, where the principal supervisor holds a position.  

Enrollment and employment must be prior to December 15, 2024, unless otherwise agreed with DDSA. If this is not achieved, the fellowship will be retracted.  

Please note that the specific requirements for enrollment may vary from one university/PhD School and to another.  

Employment is for 3 years at the enrolling university/research institution, where the project is to be carried out, unless otherwise agreed with DDSA.  

PhD students will receive a monthly salary during the employment period for which they are enrolled in the PhD Programme. Terms of employment and salary are according to the agreement between the Danish Confederation of Professional Associations and the Ministry of Finance.  

Further inquiries about enrollment and employment must be directed towards the enrolling university/place of employment.  

For International Applicants

Inquiries about residence permit must be directed towards the hosting institution.  

Most Danish universities have information sites for international staff about living and working as a researcher in Denmark.  

See for example:  

Aalborg University  

University of Aarhus  

Copenhagen Business School  

University of Copenhagen  

IT University of Denmark  

Roskilde University  

University of Southern Denmark  

Technical University of Denmark  

Further Information

For further information about the DDSA PhD Fellowship, please contact the DDSA secretariat at [email protected] .

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PhD Position in Quantum Gravity, Copenhagen, Denmark

• by hyperspace_bot
• 2024/04/23 2024/04/23

Job Description

The Theoretical High Energy Group at the Niels Bohr Institute in Copenhagen and the Niels Bohr International Academy invite expressions of interest for a 3-year PhD position, which is expected to start in the Fall of 2024. The successful candidate will be part of the quantum gravity group led by Alessia Platania. The position will be funded by the Villum Young Investigator grant “Non-perturbative strings, asymptotic safety, and the swampland”. The goal is to test the consistency of Asymptotically Safe Gravity and compare its predictions with some of those from string theory. To this end, the group will investigate the “landscape” of effective field theories stemming from an asymptotically safe ultraviolet completion and its interface with theoretical constraints, swampland conjectures, and observational bounds.

Required material

The required documents are: 1. A motivation letter (approx. 1 page), detailing research interests and motivations to join the group 2. A research statement (approx. 2 pages), describing research activity and achievements to date, as well as future research plans 3. Curriculum Vitae 4. List of publications (if applicable) 5. Transcripts of grades from Bachelor’s and Master’s degrees These documents should be merged into a single PDF and sent via email to a.platania90[AT]gmail.com. The email subject should include the label “QG_PHDNBI 2024”, as well as the full name of the candidate. Candidates should also arrange for at least two reference letters to be sent by the referees to the above email address. For the reference letters too, the email subject should include the label “QG_PHDNBI 2024” and the candidate’s full name. All the required material, including reference letters, should be submitted by May 24th, 2024.

Institute and Benefits

The quantum gravity group is part of the Niels Bohr International Academy and the Niels Bohr Institute, Faculty of SCIENCE, University of Copenhagen. The Niels Bohr International Academy is hosted by the Niels Bohr Institute and functions as a primary center for fundamental research, including theoretical and computational astrophysics, cosmology, high-energy particle physics, condensed matter physics, and bio-physics. The Niels Bohr International Academy is committed to fostering the traditions of internationalism, interdisciplinarity and excellence in physics, which characterize the Niels Bohr Institute. The Academy hosts a large number of international programs, including visitors, workshops, and PhD schools. Weekly seminars, journal clubs and events complement these programs, providing a stimulating research environment and excellent integration into the wider international community. The University of Copenhagen wishes to reflect the diversity of society and welcomes all qualified candidates regardless of background. Expressions of interest from people belonging to minority groups are especially welcome.

For any inquiries, kindly send an email to alessia.platania[AT]nbi.ku.dk with email subject “Inquiry about QG_PHDNBI 2024”.

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Finance and Investments

Meet the students.

Click on the students to learn more about what it is like to be a student at FIN

Come to Open Days 8 February 2024

You get the chance to hear about the different programmes, talk to students, and learn more about the admission process.  Read more about Open Days

Join admission info meetings

Join the admission info meeting and get answers to all your questions. Read more about the info meetings

If you have questions concerning content of the programme, the study environment or admission to CBS graduate programmes, you are welcome to contact us. Find the relevant  contact information.

MSc in Economics and Business Administration - Finance and Investments

About the programme.

Financial instruments and investments You will be trained in analysing stocks, bonds, and derivative securities using prevalent models for pricing and risk management. Investors form portfolios of different securities, and you will learn analytical tools for selecting portfolios optimally. The risk-return trade-off is essential to investments, and modern finance focuses on identifying relevant risk measures and the risk premia investors can obtain by exposing themselves to the various sources of risk. You will see theoretical models of the risk-return trade-off, but also empirical studies of the observed risk-return relation.

Financial industry and markets You will obtain a solid knowledge of the different players in financial markets.  Companies use financial markets for raising capital, for short-term liquidity and risk management, and as a source of information for internal decisions related to capital budgeting and corporate governance. Households interact with financial markets when saving and investing for retirement or other purposes and when taking mortgages and other loans. Banks and other financial institutions act as intermediaries facilitating transactions and the efficient allocation of capital among corporations and households, but they also act in their own behalf as large profit-seeking and risk-taking market players and are therefore heavily regulated by society. You will learn about the financial decisions of companies, households, and financial institutions and the influence these decisions have on financial markets.

Analytical and communicative skills The understanding and applications of both theoretical models and empirical methods in finance require specialized skills in mathematics, statistics, and IT. By nature, financial models build on tools and concepts from probability theory and statistics in order to represent the uncertainty which is so crucial for financial decisions. Computer-based quantitative software is wide-spread in the financial industry as it expedites the applications of the often quite complex models. The programme provides you with sufficient training of the necessary abilities both in a dedicated first-semester course and integrated in other courses whenever relevant. Communicative skills are developed through shorter assignments and longer written reports, as well as both oral and written exams.

Customise your programme

During the programme, you have various opportunities to create your own academic profile.

Electives On the 3rd semester, you can choose to study courses of your specific interest. CBS offers a large number of electives within a wide range of topics. You can also choose to take electives at other Danish universities. The electives you choose have to be relevant for your programme.

See the current selection of CBS electives on  Single courses and electives - Master

Minor On the 3rd semester, you can also choose to study a so-called minor. A minor is a package of electives within a specific academic area. Typically, it consists of 3 courses. By taking a minor, you strengthen your competences within a specific area of interest, and you can use it to qualify for specific jobs or industries. 

See the current selection of CBS minors on  Minors

Exchange Many students choose to go on exchange on their 3rd semester; usually at one of CBS’ more than 300 partner universities. When you go on exchange through CBS, you do not have to pay for the teaching at the foreign university (with a few exceptions), and you can bring your SU (student grant). 

Find a list of all  CBS partner universities here

CEMS - Master in International Management programme On FIN, you can apply for the CEMS - Master in International Management programme. CEMS MIM is a double degree programme, which gives you the opportunity to add a second degree in international management to your CBS degree. This means that you will get both the MSc degree and the CEMS in International Management degree.

CEMS is a 1-year programme, which you study in combination with your CBS degree in your 3rd and 4th semester. Part of it takes place at one of the other CEMS universities abroad.

Learn more about  CEMS / Master in International Management

Master's thesis Your 2nd year is completed with a master's thesis. You choose the topic you want to write about, which allows you to focus on a specific topic of your interest. Typically, you write your master's thesis with a fellow student. 

What to consider

Finance is a quantitative discipline Compared to most other areas in business and social sciences, finance is a quantitative discipline drawing upon economics, mathematics, statistics, and IT. This is necessarily so. Simply stated, the price of a financial security depends on its future cash flow, and this cash flow is typically unknown. Therefore, potential investors need to consider both the timing and the riskiness of the future cash flows. To quantify the risks, we need  probabilities. We need economic arguments to choose the appropriate discount rates in order to determine the present value. To learn from historical data and test our models, we need statistics, and to work on large data sets we need IT.

More generally, companies and households making financing and investment decisions have to determine and maximize the values of different choices. Financial institutions and companies have to understand and price complex financial products and assess their riskiness. These key tasks require quantitative methods and the use of computer programs, such as Excel.  

Have a strong interest in finance and investments To be a good match for this programme, you should have a strong interest in finance and investments, but also be prepared to use mathematics, statistics, and IT tools extensively. Your background in these fields should correspond to that of a BSc. degree in business administration from CBS and you should be willing to apply and strengthen those quantitative skills during the Finance and Investments programme. However, we emphasize that the focus is on analysing and modelling concrete financial problems and finding and understanding the solution. The focus is not on the abstract mathematics behind the solution method.

The economic intuition supporting the derived results is developed, and real-life applications are illustrated and discussed throughout.

Furthermore, the programme provides a solid understanding of financial markets, financial institutions and their regulatory environment, households and non-financial companies, as well as financial accounting rules and practices. The programme is therefore distinctively different from specialized programmes in mathematical or quantitative finance/economics offered by other business schools and universities.

Studying in English If you do not have a bachelor’s degree taught in English, we recommend that you read more about what to consider before applying for an English taught programme. 

See  Studying in English on Student Life

Study environment

Student life at CBS Studying at CBS is much more than just preparing for and going to classes.

At CBS, there are more than 20,000 students with different backgrounds and nationalities. Teamwork is an essential part of studying at CBS both in classes and in extracurricular activities. 

With more than 100 student organisations, you also have plenty of opportunities to engage and connect with students across programmes and classes. 

Learn more about the vibrant student life at CBS, the student organisations, and the international environment on  Student life

For internationals If you are an international student, we have gathered a lot of information about what it is like to be an international student at CBS and how you can prepare for life in Denmark.

Read more on  For internationals

Teaching  The programme uses a variety of teaching methods and evaluation formats. Most courses consist of both lectures and supporting exercise classes in which students are divided into smaller groups to facilitate student-teacher interaction and class discussions. Students are expected to meet well-prepared for all classes and to participate actively in discussions.

The course in Quantitative Methods focuses on hands-on financial problem solving using Excel and related computational tools with background lectures being available online. Quantitative analysis and the use of computer software tools will be integrated in the individual courses wherever meaningful.

Some courses involve assignments where students write short reports based on their analysis of concrete problems with subsequent feedback from a professor or teaching assistant.

In some courses guest lecturers are invited to give perspectives on a given topic from a relevant company or industry.

The business project and the master’s thesis train the student in analysing specific, complex finance problems of practical interest using a scientific approach and the concepts and methods introduced in the courses, as well as presenting and communicating the results of such an analysis in the form of a written report.

Read more about  Teaching and working methods on Student life

Most exams are four-hour written open-book exams with access to a computer, but there is also an individual oral exam based on a 72-hour take-home group assignment.

Read more about  Exams and exams types on Student life

Time consumption You should know that it is demanding to study in a graduate programme, and both the curriculum and workload is  significantly higher than at bachelor level. 

If you are studying on a full-time graduate programme, you should expect spending approximately 37 hours on average on your studies each week. The workload will vary during the year.

The time leading up to assignment submissions and exams can be hectic, and you can easily work more than 40 hours a week in this period. Preparing for oral exams can be especially time consuming, because you have to be able to explain and discuss the covered concepts and theories and learn things by heart.

Read more about  Time consumption on Student Life

Student job Most programmes are quite flexible in terms of combining studies with a student job. Most students work a maximum of 15 hours a week in order to have sufficient time for their studies.

Studying in Denmark - for internationals If this is your first time studying in Denmark, you may find teaching and exam formats, the grading scale and the academic calendar very different from what you are used to.

Read about everything you need to know as an international student studying at CBS on  For internationals > Academic information   

What gets you the job? As a graduate from FIN you will have a strong understanding of the securities traded in financial markets, how companies and households interact with financial markets, and how financial institutions operate and are regulated.

You will know state-of-the-art models for asset pricing, company valuation, and investment decisions, as well as statistical methods for estimating inputs to models and for testing the validity of theories. You will be capable of implementing relevant models and methods on computers.

In short, you will be able to competently analyse and solve real-life problems pertaining to finance and investments and also able to clearly communicate the results of your analysis.

Career opportunities We expect most graduates from FIN to find employment in banks, pension funds, mutual funds, insurance companies, and other companies and institutions operating in financial markets.

The graduates are particularly qualified for positions demanding both excellent analytical skills and a solid understanding of the securities and players in financial markets. This is the case for many jobs in financial market analysis, capital management, risk management, investment banking, and financial asset trading.  

The graduates should also be attractive for central banks, regulatory authorities, and international organisations within finance and economics such as the International Monetary Fund, the Bank for International Settlements, or the European Union.

Competence profile In the competence profile you can find more information about the various competences you achieve on the programme: 

Competence profile for FIN

COURSE OVERVIEW

You can read more about the programme, academic content and exams in the  programme regulations for Finance and Investments.