icbs phd brochure

Doctoral programme

www.imperial.ac.uk/business-school

Undertake the Doctoral programme atImperial College Business School, and youbecome a graduate of one of the world’sleading universities. Imperial CollegeBusiness School has a global reputation forexcellence in entrepreneurship, innovation,quantitative finance and health management.As a Doctoral student, you will thereforelearn from our faculty’s cutting-edge researchand graduate with a command of the latestthinking. You will also graduate with aqualification that is recognised andrespected everywhere for its academicexcellence.

The programme gives you a uniqueopportunity to conduct original research,generating your own ideas and learning fromothers within a diverse intellectualcommunity. Our faculty are experts in theirfields and you have considerable access totheir time with regular tutorial meetings andclose mentoring. Their range of interests andexcellent connections across Imperial Collegeencourages synergy and collaboration in anumber of key areas, enabling you toundertake research at the forefront of yourchosen field.

You complement your research studies bytaking a range of personal developmentcourses. By giving regular presentations, youdevelop strong communication skills and theconfidence to perform more effectively.Working alongside people who have excelledin a wide range of professional and culturalbackgrounds, you will build networks whichwill benefit you throughout your career.

Our vibrant South Kensington location bringsyou to the cultural heart of London, withmany of the world’s most famous museums,art galleries, parks and restaurants on yourdoorstep. Such a dynamic, exciting place tolearn attracts an internationally diverse rangeof students and you will excel amongst likeminded high-calibre individuals.

The Doctoral programme is targeted to thosewho enjoy the process of generating newideas, learning from others and setting theirown agenda. Conducting original research thatwill have a significant impact on academia andmanagement practice, you are required toproduce a thesis of up to 100,000 words. The programme usually lasts three years and is full-time.

Business researchin an exceptionalacademic environment


FRONT COVER:SAEED IQBAL AND ALEXTHOMPSON, CURRENTDOCTORAL STUDENTS

“THE CENTRE FOR QUANTITATIVE FINANCE IS A FANTASTIC EXPERIENCEIF YOU WANT TO KEEP YOUR PRACTICAL SKILLS FRESH WHILE DOINGA PHD. I’M WORKING IN A TOP 20 FTSE COMPANY – BT – AT A VERYHIGH LEVEL AND I GET TO SEE THE WAY IT’S RUN.”ROSS RICHARDSON, CURRENT DOCTORAL STUDENT - FINANCE (ABOVE)

StructureYou benefit from a structured trainingprogramme. At the beginning of theprogramme you attend a compulsory ResearchMethods training course then further coursesdivided into quantitative and qualitativestreams.You select two courses from the portfoliooffered to Master’s students and attendDoctoral level training courses. At the sametime as attending taught courses you work onthe identification and critical discussion of

literature in your area, on the design andimplementation of your research plan, and ondata collection and analysis. You are given theopportunity to transfer to PhD status in yeartwo following the successful presentation of anorally defended paper to your research group.In your third year of study you work closelywith your supervisor towards submission ofyour thesis. Throughout your study you areable to take advantage of attending personalskills classes as and when needed.


Doctoral programme

Scholarships and awardsFunding is available to support you in your Doctoral studies.Details of all our studentships can be found atwww.imperial.ac.uk/business-school/doctoral-degree/studentships

Centre for Quantitative Finance (CQF) The CQF has an excellent reputation in business and theacademic community for the relevance and quality of itsresearch work in quantitative finance. CQF Doctoralprogramme students are sponsored by private firms toundertake a PhD. They are based at the sponsor firm for threedays a week and at the Business School for the remainingtwo days. Sponsored students are paid a bursary and havetheir fees paid at the UK/EU rate. Areas of research covered bythe CQF include mathematical and computational methods forderivatives pricing/hedging, risk management and associatedproblems in portfolio management and corporate finance.

Risk Management LaboratoryThe Risk Management Laboratory, based in the Finance andAccounting Group of the Business School, has studentshipsavailable for those who wish to pursue research in finance orfinancial economics.

Innovation Studies Centre awardsThe Innovation Studies Centre at Imperial College BusinessSchool has funding available for UK/EU fees status doctoralresearch students for study in the areas of innovation,technology and entrepreneurship. Areas of interest include:

innovation management; technological change; design andinnovation; sustainability, simulation and prototyping;technology and users; project-based industries; R&Ddiffusion; innovation in healthcare; university-industry links;management of technology and entrepreneurship.

Healthcare Management AwardsThe Healthcare Management Group has funding availablefor UK/EU fee status doctoral research students for studyin the areas of technology adoption and diffusion;managing innovation in complex organisationalenvironments; stimulating innovation in organisations, forexample through incentives and targets; simulation andmodeling to understand the impact of innovation;planning and delivering the infrastructure to enableinnovative health services.

Imperial College Business School awardsImperial College Business School makes several awardseach academic year. The awards may take the form of feeremission, part-funding or a grant towards livingexpenses depending on the quality and number ofapplications we receive. The awards are highlycompetitive and students are expected to have a trackrecord of academic excellence. If you would like to beconsidered for one of the awards, please indicate this onthe funding section of the postgraduate application form.Study can be in any of our areas of expertise and theawards are open to all students.

Group Head:Professor Antonio S. Mello• Capital Structure Theory• Corporate Hedging• Security Design• Risks of Arbitrage Trading

Professor Karim Abadir• Mathematical statistics and theoretical

econometrics• Econometrics: modelling methodologies• Finance: financial markets• Economics: macroeconomics• Applied mathematics: special functions

and applied analysis.

Dr Enrico Biffis• Market-consistent accounting of

insurance liabilities• Optimal investment and reserving for

both life and non-life business.

Francis Breedon• Foreign exchange• Financial market microstructure• The role of central banks in financial

markets.

Professor Andrea Buraschi• Asset pricing• Derivatives• Fixed income• Risk management• Corporate finance.

Dr Lara Cathcart• Default risk• Fixed income products• Term structure models• Asset and derivative pricing• Continuous time finance.

Dr Gilles Chemla• Corporate finance• Corporate governance• Corporate control• Venture capital.

Dr Walter Distaso• Financial econometrics• Estimation, specification testing and

prediction of volatility in continuous timemodels

• Nonparametric estimation of copulae• Long memory models.

Dr Lina El-Jahel• Valuation of fixed income securities and

interest rate derivatives• Valuation of risky debt• Credit risk methods• Real options• Statistical arbitrage.

Dr Filippos Papakonstantinou• Corporate Finance• Corporate Governance• Behavioral Economics• Applied Econometrics

Professor Paul Klumpes• Pensions accounting• Life insurance reporting• Risk accounting for derivative exposure by

financial firms• Generational accountability of the public

sector.

Dr Robert Kosowski• Asset pricing• Investment management• Mutual and hedge fund performance

measurement• Financial econometrics.

Dr Markus Leippold• Asset pricing• Term structure models• Risk management• Macro-finance.

Dr Xuewen Liu• Corporate Finance• Economics of organisation• Information economics with disclosure

theory.

Professor Nigel Meade• Time series analysis and forecasting with

applications in finance, operationsmanagement and innovation diffusion

• Portfolio selection and index tracking.

Dr David McCarthy• Public policy with mathematics• Computer-intensive analysis• Pensions.

Professor William Perraudin• Risk management• Structured products• The price of defaultable debt• Portfolio credit risk modelling• Financial regulation.

Professor James Sefton• Reform of the pension system• Financial risk management.

Dr Pengguo Wang• Equality valuation• Accounting information and uncertainty• Asset pricing with market frictions.

Dr Paolo Zaffaroni• Financial econometrics• Time series analysis• Applications of volatility modelling to risk

management and market risks.

Faculty


Finance and Accounting Group

Group Head:Professor David Gann• Innovation management• Innovation strategy• Innovation and design• Technology management• Innovation and growth in project-based

enterprise.

Professor Erkko Autio• Technology-based venturing and

entrepreneurship• Technology transfer and spin-off• Born Global internationalisation• Technology strategy.

Professor John Bessant• Management of disruptive/discontinuous

innovation• Design and innovation• Networking for innovation• Organisational development to build

innovation capabilities• Innovation policy.

Professor Bart Clarysse• High tech start-ups• Corporate venturing • Innovative turnaround strategies.

Dr Paola Criscuolo• Internationalisation of R&D activities• Knowledge sharing among individuals

and firms• Social Network Analysis • Patents and Patent Citation Analysis

Dr Andrew Davies• Project-based organisations and

management • Systems integration • High-value services and integrated

solutions provision • Infrastructure service provision.

Professor Ciaran Driver• Capital investment at different levels of

aggregation• Business risk and capacity utilisation• Real options and strategy• Effects of capacity shortage• Corporate control, stakeholding and

forward commitments.

Dr Lars Frederiksen• Innovation in projects, project-based

firms and industries• System integration capabilities,

integrated solutions and business models• Distributed processes of innovation• Industries: Infrastructure/utility industries,

entertainment and high-tech industries

Dr Annabelle Gawer• Hi-tech strategy• Platform leadership, standards wars• Innovation• Industry expertise: computers, mobile

phones, electronic appliances.

Innovation and Entrepreneurship Group

Healthcare Management Group


Group Head:Professor Carol Propper• Design and consequences of incentives

within the public sector• Boundary between the state and private

markets.

Professor James Barlow• Management of technological innovation

in healthcare organisations• Telecare and telemedicine• Evidence and evaluation for technological

innovation in healthcare organisations• Modelling the impact of technological

innovation in healthcare organisations.

Professor Christopher Chapman• Strategic Management Accounting• Management Control• Performance Evaluation.

Dr Benita Cox• Information systems management• Health informatics• Computer-based education.

Dr Paul Dolan• Microeconomics• Health economics• Moral philosophy• Economic psychology.

Professor Robert MacCulloch • Macroeconomics• Political economy• Behavioural economics• Public economics• Labour.

Facultycontinued

Innovation and Entrepreneurship Group continued


Professor Gerry George• Venture creation and the focal

entrepreneur• Internationalism of start-ups• Innovation and value creation• Scientist entrepreneurs and technology

transfers.

Dr Ritsuko Ozaki• The meaning of space• Consumption (lifestyle and choice)• End-user orientation.

Dr Ammon Salter• Sources of Innovation• Open and Distributed Innovation • Networks and Innovation

Dr Markus Perkmann • University-industry collaboration and

technology transfer • Inter-organizational collaboration and

intermediaries • Adoption and diffusion of management

practices

Professor Bruce Tether• Design & Innovation• Innovation and Professional Services• Networks and Open Innovation• Interactions between Technological and

Organisational Innovation

Dr Aija Leiponen (from June 2009)• Interactions between organisations and

Innovation • Knowledge Sourcing and Innovation

Performance • Innovation Strategy

Group Head:Professor Nelson Phillips• Knowledge management• Institutional theory• Technology strategy• Management in cultural industries• International entrepreneurship.

Dr Andreas Eisingerich• Service innovation• Marketing strategy• Strategic management of

brand-based growth.

Professor Dot Griffiths• Talent acquisition• Talent development • Quality measures for HR performance.

Dr Eleni Hadjiconstantinou• Logistics and distribution• Vehicle routing and scheduling• Production, resource and project planning• Network design and optimisation• Cutting and packing• Facility location and layout.

Dr Boris Maciejovsky• Group decision-making• Behavioural decision-making• Bargaining and Negotiation

Dr Namrata Malhotra• Managing strategic organisational change• Professional service organisations.

Dr Catarina Sismeiro• Quantitative analysis of consumer

behaviour and individuals’ responses tomarketing activities

• Modelling of cross-market (spatial)dependencies

• Study of Internet users.

Dr Jonathan Pinto• Organizational corruption• Team formation• Team leadership• Network organizations

Dr Mark Stein• Leadership• Teams• Organisational learning• Human and organisational aspects of

risk and disaster• The psychoanalytic study of

organisations.

Dr Tommaso Valletti• Industrial economics• Regulation• Economics of telecommunications.

Organisation and Management Group

A dedicated careers serviceMany of our Doctoral students go on topursue careers in research and academia.However, no matter what your career goalsare, our programme of career guidance andjob application skills training help youachieve them. Our advisors are highlyresponsive to individual needs and alsoprovide regular information sessions andworkshops throughout your time at Imperial.

The attentive service continues after yougraduate. As an alumnus, you can arrangeappointments with us at any time duringyour career. This can be useful if you everconsider a change in direction or feel likediscussing strategies for fast-tracking yourcareer.

Alumni Network and servicesYour connection to Imperial College BusinessSchool is a valuable lifelong resource. Thealumni service offers you practical benefitsand helps you take full advantage of yourImperial connections on graduation. You willbe invited to Distinguished Speaker events,enjoy free library access for life and receivean annual magazine. You can join any of thesocial clubs around the world. You are alsogiven access to an online directory ofImperial College alumni contacts. It is alifelong community which keeps you in touchwherever your career takes you.

A vibrant social life in the heart of LondonYou will get to know other Doctoral studentswell during the Research Methods trainingprogramme at the beginning of year one.These contacts are developed and widenedthrough our social and networking eventsand the lasting relationships you form willenrich you both professionally andpersonally. You will network not only withyour fellow students, but with alumni,Adjunct Professors, students from otherprogrammes and visiting lecturers.


Beyond theprogramme

“THE NATURE OF THE EXPERIENCE HERE CREATES A PEER BOND. MANY OF THE PEOPLEYOU MEET IN THE PROGRAMME BECOME FRIENDS FOR LIFE. I’VE ALSO JUST HELPED TOORGANISE THE EUROPEAN DOCTORAL RESEARCH CONFERENCE WHICH ATTRACTEDCOLLEAGUES FROM THE LEADING BUSINESS SCHOOLS THROUGHOUTTHE UK AND EUROPE. YOU’RE CREATING THE NETWORKS THAT YOU WANT TO FORGE INYOUR ACADEMIC PROFESSIONAL CAREER AT A LATER STAGE.”ALEX THOMPSON, CURRENT DOCTORAL STUDENT - MARKETING (ABOVE)

Entry requirements

Who should apply?Academically rigorous, the programme requires you to be an outstandingscholar with an exceptional academic record in subjects that are relevantto your proposed area of study. Successful candidates demonstrateevidence of very strong and consistent academic performance and highgrades at first degree and Master’s level.

Entry requirementsTo apply, you need:• A good degree from a recognised university (equivalent of a UK first

or 2.1 honours degree)• An excellent Master’s degree recently awarded in an appropriate

subject• A strong research proposal• English language test score:

IELTS (academic)An overall score of 7.0 with a writing score of 6.0TOEFL (paper-based)An overall score of 610 with a minimum score of 4.5 in written EnglishTOEFL (computer-based)An overall score of 253 with a minimum score of 4.5 in written EnglishTOEFL (internet-based)An overall score of 98 with a minimum score of 25 in writing and 23in speaking

If you are shortlisted for a place you may also be invited to aninterview (in person or by telephone).

How to apply

Visit our websitewww.imperial.ac.uk/business-school formore information and to submit yourapplication online. If you have furtherquestions, please visit our ‘Find an answer’section at www.imperial.ac.uk/askimperial.

The application deadline is the end of Juneeach year for October entry.

FeesTuition fees are for the programmecommencing in October 2009.

Fees per academic year:• UK and EU students: postgraduate

research £3,600*• Overseas students: postgraduate

research £16,300*.* Fees are subject to confirmation

Contact RecruitmentWee Ming Lim, Recruitment and Development ExecutiveT: +44 (0)20 7594 9206F: +44 (0)20 7594 9184E: [email protected]: www.imperial.ac.uk/business-school/doctoral

Imperial College Business SchoolTanaka BuildingSouth Kensington CampusLondon SW7 2AZUnited Kingdom

T: +44 (0)20 7594 5656F: +44 (0)20 7594 9184


Dis

clai

mer

:W

hile

all

reas

onab

le e

fforts

have

bee

n m

ade

to e

nsur

e th

at the

info

rmat

ion

in thi

s pu

blicat

ion

isco

rrec

t, m

atte

rs c

over

ed b

y th

is p

ublic

atio

n ar

e su

bjec

t to

cha

nge.

Impe

rial C

olle

ge B

usin

ess

Scho

olac

cept

s no

liab

ility

for

any

loss

or da

mag

e ca

used

by

erro

rs o

r om

ission

s, h

owso

ever

cau

sed.

Publ

ishe

d Se

ptem

ber 20

08.

icbs phd brochure

Documents