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The department equips students for professional paths in academia and research at top global institutions, specializing in Asset Pricing and Portfolio Management, Corporate Finance, International Finance, Financial Institutions, and Macroeconomics. Wharton's Finance professors, renowned as the best worldwide, have pioneered numerous research fields. For instance, faculty members have driven contemporary advancements in portfolio theory and savings models, profoundly influencing the asset valuation methods employed by scholars, professionals, and regulators. Additionally, faculty research on financial systems and markets provides crucial insights into economic structure trade-offs and their consequences for financial instability and economic downturns.
Undergraduate training in economics, mathematics, engineering, or other quantitative disciplines is an excellent background to undertake doctoral studies in the field of finance.
A strong command of the English language is necessary for successful study at Penn. Applicants whose families do not speak English at home, or applicants who have not attended a high school or secondary school where the primary language of instruction is English, are asked to take the TOEFL, the Test of English as a Foreign Language, administered by the Educational Testing Service. In the event the TOEFL is not readily accessible, Penn will accept results from the IELTS, the International English Language Testing System.