Average graduate salaries by university and subject: Where to go and what to study to earn top dollar
By: William Turvill
- Facebook Share on Facebook
- X Share on Twitter
- LinkedIn Share on LinkedIn
- WhatsApp Share on WhatsApp
Going to university at Oxford or Cambridge pays. But it doesn’t pay as much as the London School of Economics or City University London. But it pays a lot more than going to Cardiff Metropolitan University.
And if you want to earn top dollar as a graduate it’s also worth aiming for an economics degree rather than fine arts and design.
Salary benchmarking site Emolument.com has compiled a ranking of 84 UK universities by analysing 2,400 salaries from graduates (defined as those with less than two years of experience in the workplace) with bachelor degree.
It marks the latest in a long line of graduate pay studies undertaken by Emolument, including research into which universities produce the most business leaders and which MBA courses are best for pay .
London School of Economics grads can expect to earn an average of £38,000, slightly above £36,000 at City University. Cambridge (£35,000) pips Oxford to third place (£34,000). Bath, Edinburgh and Durham, with £33,000, £32,000 and £31,000, come next in the ranking.
Cardiff Metropolitan props up the table, with an average graduate salary of £18,000, slightly behind Liverpool John Moores, Goldsmiths, Anglia Ruskin, University of Central Lancashire, Queen’s University Belfast and Aberystwyth on £19,000.
As for degree subjects, economics pays £33,000, ahead of engineering in second with £28,000. Fine arts and design is at the bottom of the table, with £19,000, just behind English literature and media, marketing and communication, both of £21,000.
Read more : Three-quarters of millennials will never pay off their student loan
University | Rank | Graduate Pay |
London School of Economics | 1 | £38,000 |
City University London | 2 | £36,000 |
Cambridge University | 3 | £35,000 |
Oxford University | 4 | £34,000 |
Bath University | 5 | £33,000 |
Edinburgh University | 6 | £32,000 |
Durham University | 7 | £31,000 |
Imperial College London | 8 | £31,000 |
Loughborough University | 9 | £30,000 |
Warwick University | 10 | £30,000 |
Bristol University | 11 | £30,000 |
University College London | 12 | £29,000 |
Manchester University | 13 | £29,000 |
Aston University | 14 | £28,000 |
Nottingham University | 15 | £28,000 |
Birmingham University | 16 | £27,000 |
Sussex University | 17 | £27,000 |
Middlesex University | 18 | £27,000 |
Keele University | 19 | £27,000 |
King's College London | 20 | £27,000 |
Southampton University | 21 | £27,000 |
Strathclyde University | 22 | £27,000 |
Leicester University | 23 | £26,000 |
Leeds University | 24 | £26,000 |
York University | 25 | £26,000 |
Queen Mary University of London | 26 | £26,000 |
Exeter University | 27 | £26,000 |
Hull University | 28 | £26,000 |
Glasgow University | 29 | £26,000 |
Surrey University | 30 | £26,000 |
Staffordshire University | 31 | £25,000 |
Liverpool University | 32 | £25,000 |
Essex University | 33 | £25,000 |
Heriot-Watt University | 34 | £25,000 |
Kent University | 35 | £25,000 |
Hertfordshire University | 36 | £25,000 |
Gloucestershire University | 37 | £25,000 |
Newcastle University | 38 | £25,000 |
Cardiff University | 39 | £24,000 |
Sheffield University | 40 | £24,000 |
University of East London | 41 | £24,000 |
Northumbria University | 42 | £24,000 |
Huddersfield University | 43 | £24,000 |
Brunel University | 44 | £24,000 |
Greenwich University | 45 | £24,000 |
Lancaster University | 46 | £24,000 |
London Metropolitan University | 47 | £24,000 |
Plymouth University | 48 | £24,000 |
Portsmouth University | 49 | £24,000 |
Royal Holloway | 50 | £24,000 |
The Open University | 51 | £24,000 |
University of East Anglia | 52 | £24,000 |
University of the West of England | 53 | £24,000 |
Westminster University | 54 | £24,000 |
Leeds Metropolitan University | 55 | £24,000 |
Northampton University | 56 | £23,000 |
Kingston University | 57 | £23,000 |
Nottingham Trent University | 58 | £23,000 |
Bangor University | 59 | £23,000 |
Canterbury Christ Church University | 60 | £23,000 |
Reading University | 61 | £23,000 |
Sheffield Hallam University | 62 | £22,000 |
Coventry University | 63 | £22,000 |
Oxford Brookes University | 64 | £22,000 |
Birmingham City University | 65 | £22,000 |
Bournemouth University | 66 | £22,000 |
Brighton University | 67 | £22,000 |
London South Bank University | 68 | £22,000 |
Manchester Metropolitan University | 69 | £21,000 |
Roehampton University | 70 | £21,000 |
Southampton Solent University | 71 | £21,000 |
University of the Arts London | 72 | £21,000 |
Swansea University | 73 | £21,000 |
West London University | 74 | £21,000 |
De Montfort University | 75 | £20,000 |
Salford University | 76 | £20,000 |
Ulster University | 77 | £20,000 |
Aberystwyth University | 78 | £19,000 |
Queen's University Belfast | 79 | £19,000 |
University of Central Lancashire | 80 | £19,000 |
Anglia Ruskin University | 81 | £19,000 |
Goldsmiths University | 82 | £19,000 |
Liverpool John Moores University | 83 | £19,000 |
Cardiff Metropolitan University | 84 | £18,000 |
And here is what you need to study…
Economics: £33,000
Engineering: £28,000
Management & Strategy: £27,000
Mathematics & Statistics: £27,000
Computer Sciences: £27,000
Accounting, Business & Finance: £27,000
Physics, Life Sciences & Healthcare: £27,000
Law: £26,000
Modern Languages: £26,000
Humanities (History, Geography, Politics…): £25,000
Chemistry & Natural Sciences: £23,000
Psychology: £23,000
Media, Marketing & Communication: £21,000
English Literature: £21,000
Fine Arts & Design: £19,000
Read more : This PE firm's slashed grad salaries – it's buying them houses instead
These UK unis produce the most chief executives |
Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.
Your news your way
Subscribe to get the essential daily news updates from City A.M's top stories to your inbox.
Study at Cambridge
About the university, research at cambridge.
- Undergraduate courses
- Events and open days
- Fees and finance
- Postgraduate courses
- How to apply
- Postgraduate events
- Fees and funding
- International students
- Continuing education
- Executive and professional education
- Courses in education
- How the University and Colleges work
- Term dates and calendars
- Visiting the University
- Annual reports
- Equality and diversity
- A global university
- Public engagement
- Give to Cambridge
- For Cambridge students
- For our researchers
- Business and enterprise
- Colleges & departments
- Email & phone search
- Museums & collections
- Pay & Benefits
- Human Resources
- People Strategy
- HR Services overview
- Business Partnering
- Casual Workers overview
- Information for Workers
- Childcare Office
- Equality Diversity & Inclusion
- Global Mobility and International Working overview
- Decision Tree
- Process Guidance overview
- Frequently Asked Questions
- Contact Us / Provide Feedback
- Policy consultation overview
- Interim Professional Services Support
- Internal Mediation Service overview
- Code of Practice
- How to request mediation
- FAQs for institutions
- Documentation
- Further Information
- Organisational Development overview
- What is Organisational Development?
- Personal and Professional Development (PPD)
- Postdoc Academy
- Relocating to the UK overview
- Living in the UK overview
- Accommodation
- Bank Accounts
- Getting Around overview
- Healthcare overview
- Eligibility for NHS Treatment
- Emergency Services
- Doctor (General Practitioner)
- Having a baby in the UK
- Medicines & Prescriptions
- Private Health Insurance
- Wellbeing for Staff
- Income Tax and National Insurance
- Laws and Rules in the UK
- Television, Telephone & Internet
- Partners & Families overview
- Babies & Infants
- Childcare & Schooling
- Employment and volunteering
- Visas & Immigration overview
- Visas for family members
- Reporting overview
- Reports library overview
- Appraisal Report
- CCWS: Monthly Pay Transactions
- CCWS: Unsubmitted Timesheets
- Change of hours or working pattern in next calendar month
- CHRIS Security Report
- Equality & Diversity online, Prevent and Unconscious Bias Training Report
- Institutional CHRIS Contacts
- Period Leavers Report
- Leavers in the Next Calendar Month
- Limit of Tenure/Funding Control
- Maternity Absences
- NMC Registrations ending in the next 9 months
- Monthly Pay Transactions
- Weekly Pay Transactions
- Probation Report
- Recruitment: Applicants at Offer Stage
- Research Passports
- Sabbatical and other Academic Leave
- Sickness in Previous 12 Months
- Sickness in Previous Calendar Month
- Staff Listing
- Unended Sickness Absences
- Work Patterns
- Registration of Burst Recipients
- Support Services at the University
- Temporary Employment Service overview
- FAQs for candidates and Workers overview
- Prospective Candidate FAQs
- Current TES Worker FAQs - general
- Timesheet FAQs
- Holiday FAQs
- After Leaving TES FAQs
- Information for prospective applicants
- Right to work in the UK
- Apply to register with TES
- What happens once I've registered?
- When you are offered work
- Temporary Workers Handbook
- Timesheets and getting paid
- Authorising timesheets overview
- Authoriser FAQs
- Working Hours and Breaks
- Work experience
- The Human Resources Committee
- Working in the UK overview
- Global Talent visa
- Tier 2/Skilled Worker Visa overview
- Certificate of Sponsorship
- SWV - Minimum Salary Requirements overview
- Academic and Research roles
- Academic-related and Assistant - Technical & Specialist roles
- College roles eligible for sponsorship
- Sponsor Duties overview
- Record Keeping Duties
- Reporting Duties
- HR Visa loan scheme
- Government Authorised Exchange (Temporary Work) visa
- Dependant visas
- High Potential Individual visa
- Indefinite Leave to Remain/Settlement
- Supplementary work (Skilled Worker/Tier 2/GAE visas)
- Employer Checking Service
- Visiting the UK overview
- Standard Visitor visa overview
- Standard visitor visa (business category)
- Standard Visitor (academic category)
- Standard Visitor (permitted paid engagement category)
- Applying for a Standard Visitor visa
- Academic Technology Approval Scheme (ATAS) overview
- How to complete the ATAS application form
- Right to Work overview
- Completing the check
- Visa Expiries, Refusals and Appeals
- Lost/stolen visa
- Forms, templates and webinars
- Immigration news overview
- Immigration news archive (2023)
- HR for staff overview
- Information for applicants
- Information for new starters overview
- Recruitment and the Right to Work
- The Accommodation Service
- Employee Self-Service (ESS)
- Training and development
- Access all areas
- Getting around
- Health, welfare and safety
- Accomodation Service
- Information for staff overview
- Getting Started
- Staff Guide overview
- The University as an employer overview
- Equal opportunities
- Job Opportunities
- Terms of employment overview
- Appointments and probation
- Responsibilities and Duties
- Hours of work
- Use of University Property
- Whistle-blowing
- Redundancy and redeployment
- Intellectual Property
- Professional Indemnity
- Private consultancy
- Notice of leaving
- Safety and Security at Work
- Financial Matters
- Facilities Available to You
- Assistant Staff Handbook overview
- Introduction
- Miscellaneous
- Hours of Work
- Overtime and Bank Holiday Compensation
- Maternity and other family-related Leave and Pay
- Special Leave
- Sickness Absence Reporting Procedure
- Termination of Employment
- Individual Grievance Procedure
- Bullying and harassment
- Disciplinary procedures
- Probationary arrangements
- Internal Mediation Service
- Your Career
- Higher Education
- Training & Development
- Performance Management
- Employee Wellbeing
- Dignity at Work
- Maternity and other family-related leave and pay
- Absence or Special Leave
- Retirement & Pensions
- Religion or Belief overview
- Protections in law
- Religious holidays
- Religious observance and prayer
- Dietary requirements
- Religious dress
- Managing workplace relations
- Additional sources of information and guidance
- The Careers Service
- HR Data overview
- Changes to personal details
- How we handle your personal data
- Applicant Data
- Recruitment Checks Data
- Researcher Data
- Trade Unions overview
- Recognised Trade Unions
- Joint Consultation
- Meetings overview
- Facility time report
- Staff surveys overview
- Nurturing a Culture of Mutual Respect Survey
- Casual Workforce Project overview
- Why are we doing it?
- Project Objectives
- Engagement and Consultation
- Casual Workforce User Consultation Group
- New Casual Workforce Management System overview
- Dashboard FAQs
- Dashboard Rollout
- Review of Casual Worker Status/Contracts
- Questions and getting involved
- Latest News overview
- Cambridge Casual Worker System (CCWS) update December 2022
- Cambridge Casual Worker System update: November 2022
- Casual Worker Management System (Dashboard) Implementation update May 2022
- Management of the Casual Workforce - Important Changes
- Casual Workforce Management System Update
- Cambridge Casual Worker System update September 2022
- Cambridge Casual Worker System update
- Recruitment Guidance
- Pay & Benefits overview
- CAMbens Employee Benefits overview
- Financial Benefits overview
- Shopping Discounts
- Payroll Giving
- Relocation and Accommodation Benefits overview
- Rental Deposit Loan Scheme overview
- Reimbursement of Relocation Expenses overview
- Shared Equity Scheme overview
- Travel Benefits and Getting Around overview
- Travelling by bike overview
- CAMbens Cycle to Work Scheme
- Travelling by car
- Travelling by public transport overview
- Travel to work loan overview
- Family Friendly and Lifestyle Benefits overview
- Things to do in your free time
- Health and Wellbeing Benefits overview
- Private Medical Insurance
- Cambridge Sport Membership overview
- Health Shield Cash Plan
- Training and Development
- Wellbeing overview
- Grading overview
- Role Template Library overview
- Create a New Role overview
- Change an Existing Role overview
- Review of Filled Posts overview
- Regrade (Re-organisation)
- HERA (Higher Education Role Analysis)
- Forms and Guidance Notes overview
- Role Profile Guidance
- Principles of Job Design
- Pay overview
- Living Wage overview
- Real Living Wage - FAQ's
- Annual Pay Review
- Online Payslips
- Reward Schemes overview
- Contribution reward and progression schemes overview
- Contribution Reward Scheme overview
- Reference documents overview
- Printable Version of the Scheme
- Contribution Reward Scheme for Academic-Related Staff in Grade 12
- Researcher Contribution Increment Scheme overview
- Additional Responsibility Payments overview
- Recognition Schemes overview
- Professional Services Recognition Scheme overview
- Guide to the Scheme
- Questions and Answers
- Shortlisted Individuals and Teams 2024
- Winners 2024
- Salary scales overview
- Salary progression
- Clinical (Nodal Points)
- Clinical Research Associates and Clinical Lecturers
- Clinical Consultants
- On Costs - Clinical Scales
- Policies & Procedures overview
- Forms overview
Salary scales
- Pay & Benefits
- CAMbens Employee Benefits
- Reward Schemes
- Recognition Schemes
Information for staff
Any nationally negotiated pay increases will normally be applied from 1 August for non-clinical staff and 1 April for clinical staff.
- Salary progression information
Annual salaries
- All Grades (PDF)
- All Grades (Excel)
Weekly and hourly rates for Assistant Staff
- Weekly and hourly rates (PDF) - August 23 onwards
- Weekly and hourly rates (Excel) - August 23 onwards
- Weekly and hourly rates (Excel) - Feb 23 to Jul 23
Hourly rates for GMHC Staff
- GMHC Hourly rates (pdf) - August 23 onwards
- GMHC Hourly rates (pdf) - Feb 23 to Jul 23
Clinical scales
Information for employers.
The following information is restricted to users with access to the University of Cambridge network or a Raven password .
- Salary guidance for employers [Recruitment Guidance]
- On Costs Tool
- Clinical research associates and clinical lecturers
© 2024 University of Cambridge
- Contact the University
- Accessibility
- Freedom of information
- Privacy policy and cookies
- Statement on Modern Slavery
- Terms and conditions
- University A-Z
- Undergraduate
- Postgraduate
- Research news
- About research at Cambridge
- Spotlight on...
Study at Cambridge
About the university, research at cambridge.
- For Cambridge students
- For our researchers
- Business and enterprise
- Colleges and Departments
- Email and phone search
- Give to Cambridge
- Museums and collections
- Events and open days
- Fees and finance
- Postgraduate courses
- How to apply
- Fees and funding
- Postgraduate events
- International students
- Continuing education
- Executive and professional education
- Courses in education
- How the University and Colleges work
- Visiting the University
- Annual reports
- Equality and diversity
- A global university
- Public engagement
Graduate earnings: what you study and where matters – but so does parents’ income
- Research home
- About research overview
- Animal research overview
- Overseeing animal research overview
- The Animal Welfare and Ethical Review Body
- Animal welfare and ethics
- Report on the allegations and matters raised in the BUAV report
- What types of animal do we use? overview
- Guinea pigs
- Equine species
- Naked mole-rats
- Non-human primates (marmosets)
- Other birds
- Non-technical summaries
- Animal Welfare Policy
- Alternatives to animal use
- Further information
- Funding Agency Committee Members
- Research integrity
- Horizons magazine
- Strategic Initiatives & Networks
- Nobel Prize
- Interdisciplinary Research Centres
- Open access
- Energy sector partnerships
- Podcasts overview
- S2 ep1: What is the future?
- S2 ep2: What did the future look like in the past?
- S2 ep3: What is the future of wellbeing?
- S2 ep4 What would a more just future look like?
First ‘big data’ research approach to graduate earnings reveals significant variations depending on student background, degree subject and university attended.
The research illustrates strongly that, for most graduates, higher education leads to much better earnings than those earned by non-graduates, although students need to realise that their subject choice is important in determining how much of an earnings advantage they will have Anna Vignoles
Latest research has shown that graduates from richer family backgrounds earn significantly more after graduation than their poorer counterparts, even after completing the same degrees from the same universities.
The finding is one of many from a new study, published today , which looks at the link between earnings and students’ background, degree subject and university.
The research also found that those studying medicine and economics earn far more than those studying other degree subjects, and that there is considerable variation in graduates’ earnings depending on the university attended.
The study was carried out by the Institute of Fiscal Studies and the universities of Cambridge and Harvard, including Professor Anna Vignoles from Cambridge’s Faculty of Education. It is the first time a ‘big data’ approach has been used to look at how graduate earnings vary by institution of study, degree subject and parental income.
The researchers say that many other factors beyond graduate earnings, such as intrinsic interest, will and should drive student choice. However, they write that the research shows the potential value of providing some useful information that might inform students’ choice of degree – particularly to assist those from more disadvantaged backgrounds who might find it harder to navigate the higher education system.
“It would seem important to ensure there is adequate advice and guidance given that graduates’ future earnings are likely to vary depending on the institution and subject they choose, with implications for social mobility,” write the researchers in the study’s executive summary.
The research used anonymised tax data and student loan records for 260,000 students up to ten years after graduation. The dataset includes cohorts of graduates who started university in the period 1998-2011 and whose earnings (or lack of earnings) are then observed over a number of tax years. The paper focuses on the tax year 2012/13.
The study found that those from richer backgrounds (defined as being approximately from the top 20% of households of those applying to higher education in terms of family income) did better in the labour market than the other 80% of students.
The average gap in earnings between students from higher and lower income backgrounds is £8,000 a year for men and £5,300 a year for women, ten years after graduation.
Even after taking account of subject studied and the characteristics of the institution of study, the average student from a higher income background earned about 10% more than other students.
The gap is bigger at the top of the distribution – the 10% highest earning male graduates from richer backgrounds earned about 20% more than the 10% highest earners from relatively poorer backgrounds. The equivalent premium for the 10% highest earning female graduates from richer backgrounds was 14%.
The study also showed that graduates are much more likely to be in work, and earn much more than non-graduates. Non-graduates are twice as likely to have no earnings as are graduates ten years on (30% against 15% for the cohort who enrolled in higher education in 1999).
Partly as a result of this, half of non-graduate women had earnings below £8,000 a year at around age 30, say the researchers. Only a quarter of female graduates were earning less than this. Half were earning more than £21,000 a year.
Among those with significant earnings (which the researchers define as above £8,000 a year), median earnings for male graduates ten years after graduation were £30,000. For non-graduates of the same age median earnings were £21,000. The equivalent figures for women with significant earnings were £27,000 and £18,000.
“The research illustrates strongly that, for most graduates, higher education leads to much better earnings than those earned by non-graduates, although students need to realise that their subject choice is important in determining how much of an earnings advantage they will have,” said Professor Vignoles.
The researchers also found substantial differences in earnings according to which university was attended, as well as which subject was studied. They say however that this is in large part driven by differences in entry requirements.
For instance, more than 10% of male graduates from LSE, Oxford and Cambridge were earning in excess of £100,000 a year ten years after graduation, with LSE graduates earning the most. LSE was the only institution with more than 10% of its female graduates earning in excess of £100,000 a year ten years on.
Even without focusing on the very top, the researchers say they found a large number of institutions (36 for men and 10 for women) had 10% of their graduates earning more than £60,000 a year ten years on. At the other end of the spectrum, there were some institutions (23 for men and 9 for women) where the median graduate earnings were less than those of the median non-graduate ten years on.
However, the researchers say that it is important to put this in context. “Given regional differences in average wages, some very locally focused institutions may struggle to produce graduates whose wages outpace English wide earnings, which includes those living in London where full time earnings for males are around 50% higher than in some other regions, such as Northern Ireland,” they write.
In terms of earnings according to subject, medical students were easily the highest earners at the median ten years out, followed by those who studied economics. For men, median earnings for medical graduates were about £50,000 after ten years, and for economics graduates £40,000.
Those studying the creative arts had the lowest earnings, and earned no more on average than non-graduates. However, the researchers say that some of these earnings differences are, of course, attributable to differences in student intake – since students with different levels of prior achievement at A-level take different subject options.
“When we account for different student intakes across subjects, only economics and medicine remain outliers with much higher earnings at the median as compared to their peers in other subjects,” write the researchers.
After allowing for differences in the characteristics of those who take different subjects, male medical graduates earn around £13,000 more at the median than similar engineering and technology graduates, the gap for women is approximately £16,000. Both male and female medical graduates earn around £14,000 more at the median than similar law graduates.
“Earnings vary substantially with university, subject, gender and cohort,” said study co-author Neil Shepherd of Harvard University. “This impacts on which parts of the HE sector the UK Government funds through the subsidy inherent within income contingent student loans. The next step in the research is to quantifying that variation in funding, building on today's paper.”
Reference: Institute for Fiscal Studies working paper: ' How English domiciled graduate earnings vary with gender, institution attended, subject and socio-economic background ', Jack Britton , Lorraine Dearden , Neil Shephard and Anna Vignoles.
Read this next
Vice-Chancellor on how Cambridge can drive UK economic growth
Cambridge heads to COP28
Butterflies, Bees and Broader Horizons
Scientists begin building AI for scientific discovery using tech behind ChatGPT
Sidney Sussex General Admission, Cambridge 2012
Credit: Sir Cam
Search research
Sign up to receive our weekly research email.
Our selection of the week's biggest Cambridge research news sent directly to your inbox. Enter your email address, confirm you're happy to receive our emails and then select 'Subscribe'.
I wish to receive a weekly Cambridge research news summary by email.
The University of Cambridge will use your email address to send you our weekly research news email. We are committed to protecting your personal information and being transparent about what information we hold. Please read our email privacy notice for details.
- higher education
- labour market
- Anna Vignoles
- Faculty of Education
- School of the Humanities and Social Sciences
- Jesus College
Related organisations
- Institute for Fiscal Studies
Connect with us
© 2024 University of Cambridge
- Contact the University
- Accessibility statement
- Freedom of information
- Privacy policy and cookies
- Statement on Modern Slavery
- Terms and conditions
- University A-Z
- Undergraduate
- Postgraduate
- Cambridge University Press & Assessment
- Research news
- About research at Cambridge
- Spotlight on...
Job Opportunities
Sedgwick Museum of Earth Sciences
Current Studentships at the University of Cambridge.
If you would like to view jobs available at the Colleges, please find them on their own page .
Title | Salary | Reference | Closes |
---|---|---|---|
Department of Veterinary Medicine, West Cambridge Site | PP42887 | 13 September 2024 | |
Department of Physics | KA42610 | 8 September 2024 | |
Department of Engineering, Cambridge | NM42451 | 2 October 2024 |
Study at Cambridge
About the university, research at cambridge.
- Undergraduate courses
- Events and open days
- Fees and finance
- Postgraduate courses
- How to apply
- Postgraduate events
- Fees and funding
- International students
- Continuing education
- Executive and professional education
- Courses in education
- How the University and Colleges work
- Term dates and calendars
- Visiting the University
- Annual reports
- Equality and diversity
- A global university
- Public engagement
- Give to Cambridge
- For Cambridge students
- For our researchers
- Business and enterprise
- Colleges & departments
- Email & phone search
- Museums & collections
- Course Directory
PhD in Computer Science
Postgraduate Study
- Why Cambridge overview
- Chat with our students
- Cambridge explained overview
- The supervision system
- Student life overview
- In and around Cambridge
- Leisure activities
- Student unions
- Music awards
- Student support overview
- Mental health and wellbeing
- Disabled students
- Accommodation
- Language tuition
- Skills training
- Support for refugees
- Courses overview
- Department directory
- Qualification types
- Funded studentships
- Part-time study
- Research degrees
- Visiting students
- Finance overview
- Fees overview
- What is my fee status?
- Part-time fees
- Application fee
- Living costs
- Funding overview
- Funding search
- How to apply for funding
- University funding overview
- Research Councils (UKRI)
- External funding and loans overview
- Funding searches
- External scholarships
- Charities and the voluntary sector
- Funding for disabled students
- Widening participation in funding
- Colleges overview
- What is a College?
- Choosing a College
- Applying overview
- Before you apply
- Entry requirements
- Application deadlines
- How do I apply? overview
- Application fee overview
- Application fee waiver
- Life Science courses
- Terms and conditions
- Continuing students
- Disabled applicants
- Supporting documents overview
- Academic documents
- Finance documents
- Evidence of competence in English
- AI and postgraduate applications
- Terms and Conditions
- Applicant portal and self-service
- After you apply overview
- Confirmation of admission
- Student registry
- Previous criminal convictions
- Deferring an application
- Updating your personal details
- Appeals and Complaints
- Widening participation
- Postgraduate admissions fraud
- International overview
- Immigration overview
- ATAS overview
- Applying for an ATAS certificate
- Current Cambridge students
- International qualifications
- Competence in English overview
- What tests are accepted?
- International events
- International student views overview
- Akhila’s story
- Alex’s story
- Huijie’s story
- Kelsey’s story
- Nilesh’s story
- Get in touch!
- Events overview
- Upcoming events
- Postgraduate Open Days overview
- Discover Cambridge: Master’s and PhD Study webinars
- Virtual tour
- Research Internships
- How we use participant data
- Postgraduate Newsletter
Primary tabs
- Overview (active tab)
- Requirements
- How To Apply
The PhD is the primary research degree that can be taken in the Department of Computer Science and Technology. The Cambridge PhD is a three to four-year full-time (five to seven-year part-time) programme of individual research on a topic agreed by the student and the Department, under the guidance of a staff member as the student's supervisor.
All research students are admitted to read for the PhD degree on a probationary basis and will be registered for the Certificate of Postgraduate Study (CPGS) in the first instance. During this year students may do some additional coursework and will write a research report that is likely to form the foundation of the eventual PhD thesis. The CPGS will involve four components:
Research skills training
Practical work
Research report of no more than 10,000 words
Attendance at a research workshops and research seminars
At the end of the third term and on completion of the CPGS, students whose performance indicates that they would be able to complete a PhD in a reasonable time will be upgraded to PhD status. A student who is not upgraded to PhD status, and who has completed three terms of study, will normally be awarded the CPGS alone. They will not submit a thesis for the PhD degree.
There is an expectation that all research students will contribute to teaching in the department for which some training will be provided. Research students will submit a log - or tally-sheet - of teaching activities annually at the end of June.
Students are expected to complete the substance of their research by the end of their third year, submitting their thesis then or within a few months.
Applicants wishing to apply to undertake a PhD on a part-time basis should refer to the Department's admissions advice for potential part-time students.
The Postgraduate Virtual Open Day usually takes place at the end of October. It’s a great opportunity to ask questions to admissions staff and academics, explore the Colleges virtually, and to find out more about courses, the application process and funding opportunities. Visit the Postgraduate Open Day page for more details.
See further the Postgraduate Admissions Events pages for other events relating to Postgraduate study, including study fairs, visits and international events.
Key Information
3-4 years full-time, 4-7 years part-time, study mode : research, doctor of philosophy, department of computer science and technology, course - related enquiries, application - related enquiries, course on department website, dates and deadlines:, lent 2024 (closed).
Some courses can close early. See the Deadlines page for guidance on when to apply.
Michaelmas 2024 (Closed)
Funding deadlines.
These deadlines apply to applications for courses starting in Michaelmas 2024, Lent 2025 and Easter 2025.
Similar Courses
- Advanced Computer Science MPhil
- Machine Learning and Machine Intelligence MPhil
- Research in Agri-Food Robotics EPSRC CDT PhD
- Biological Science (Babraham Institute) PhD
- Biological Sciences (Developmental Biology) by advanced study MPhil
Postgraduate Admissions Office
- Admissions Statistics
- Start an Application
- Applicant Self-Service
At a glance
- Bringing a family
- Current Postgraduates
- Cambridge Students' Union (SU)
University Policy and Guidelines
Privacy Policy
Information compliance
Equality and Diversity
Terms of Study
About this site
About our website
Privacy policy
© 2024 University of Cambridge
- Contact the University
- Accessibility
- Freedom of information
- Privacy policy and cookies
- Statement on Modern Slavery
- University A-Z
- Undergraduate
- Postgraduate
- Research news
- About research at Cambridge
- Spotlight on...
Get the Reddit app
Cambridge, England, United Kingdom.
What to expect as salary in Cambridge
I have been offered a position to join a startup company in Cambridge. Their offer is around £45K pa. I feel this is somewhat low for Cambridge, given the high rental costs. Does anyone know what is a fair salary for someone with a PhD and 3 years of work experience? My PhD is in science/engineering from a top 5 European university (not Cambridge ;)) and I work in an experimental/applied physics field
By continuing, you agree to our User Agreement and acknowledge that you understand the Privacy Policy .
Enter the 6-digit code from your authenticator app
You’ve set up two-factor authentication for this account.
Enter a 6-digit backup code
Create your username and password.
Reddit is anonymous, so your username is what you’ll go by here. Choose wisely—because once you get a name, you can’t change it.
Reset your password
Enter your email address or username and we’ll send you a link to reset your password
Check your inbox
An email with a link to reset your password was sent to the email address associated with your account
Choose a Reddit account to continue
Study at Cambridge
About the university, research at cambridge.
- Events and open days
- Fees and finance
- Student blogs and videos
- Why Cambridge
- Qualifications directory
- How to apply
- Fees and funding
- Frequently asked questions
- International students
- Continuing education
- Executive and professional education
- Courses in education
- How the University and Colleges work
- Visiting the University
- Term dates and calendars
- Video and audio
- Find an expert
- Publications
- International Cambridge
- Public engagement
- Giving to Cambridge
- For current students
- For business
- Colleges & departments
- Libraries & facilities
- Museums & collections
- Email & phone search
Faculty of Economics
- Research overview
- Econometrics Research Group - Papers
- Econometrics Research Group - Cambridge Working Papers in Economics
- Microeconomic Theory Research Group - Papers
- Microeconomic Theory Research Group - Cambridge Working Papers in Economics
- Macroeconomics Research Group - Papers
- Macroeconomics Research Group - Cambridge Working Papers in Economics
- Empirical Microeconomics Research Group
- Empirical Microeconomics Research Group - Cambridge Working Papers in Economics
- History Research Group - Cambridge Working Papers in Economics
- Papers and Publications
- Cambridge Working Papers in Economics (CWPE)
- Research Intranet (Raven Login Required)
- The Janeway Institute
- The Keynes Fund
- Research Contact
- People overview
- Noriko Amano-Patiño
- Debopam Bhattacharya
- Florin Bilbiie
- Peter Bossaerts
- Charles Brendon
- Vasco Carvalho
- Tiago Cavalcanti
- Meredith Crowley
- Matthew Elliott
- Aytek Erdil
- Robert Evans
- Elisa Faraglia
- Leonardo Felli
- Dr Sebastian Graves
- Eric French
- Edoardo Gallo
- Tripos supervisions
- Chryssi Giannitsarou
- Selected Articles
- Working Papers
- Popular Press
- Past PhD Students
- Invited Lectures
- Christopher Harris
- Economics of Religion in India Book
- Demography Book
- Oliver Linton
- An old link to some of my papers
- A poem by Robert Graves
- Christopher Rauh
- Bryony Reich
- Alexander Rodnyansky
- Mikhail Safronov
- Gabriella Santangelo
- Flavio Toxvaerd
- Julius Vainora
- Some Recent Articles
- Research Projects
- Efficiency Assessment
- Supervisions
- Constantine Yannelis
- Weilong Zhang
- Ivano Cardinale
- Giancarlo Corsetti
- William H Janeway
- Pierre Mella-Barral
- Theofanis Papamichalis
- Simona Paravani
- Mark Salmon
- Patrick Allmis
- Nazanin Babolmorad
- Seda Basihos
- Leonard Bocquet
- Daniele Cassese
- George Charlson
- Chuan-Han Cheng
- Megan Haasbroek
- Fergal Hanks
- Joris Hoste
- Konstantinos Ioannidis
- Caroline Liqui Lung
- Antonis Ragkousis
- Jason Schoeters
- Jerome Simons
- Robert Woods
- Michael Ashby
- Victoria Bateman
- Francisco Beltran
- Collin Constantine
- Yujiang River Chen
- Rupert Gatti
- Emanuele Giovannetti
- Pauline Goyal-Rutsaert
- Myungun Kim
- Nigel Knight
- Vasileios Kotsidis
- Domique Lauga
- Kamiar Mohaddes
- Mary Murphy
- Dario Palumbo
- Cristina Peñasco
- Cristiano Ristuccia
- Isabelle Roland
- Julia Shvets
- Oleh Stupak
- Simon Taylor
- Anna Watson
- Publications - Since 2001
- Interviews and Lectures
- Jeremy Edwards
- Refereed Papers
- Other Publications
- Work in Progress
- Selected Publications
- Downloadable Publications
- Economics as Social Theory
- Sir James Mirrlees
- Downloadable Conference Presentations
- Regulation, Privatisation, Energy, Electricity
- Transport: Road and Rail
- Risk, Industrial Organisation, Optimal Growth, Dynamic Inconsistency
- Taxation, Public finance, Cost-benefit analysis
- Transition Economies and Development
- Recent Conference Presentations
- Jose Gabriel Palma
- Published Articles
- Forthcoming Papers
- Newspaper, Magazine and Online Articles
- Forewords/Prefaces
- Book Reviews
- Unpublished Papers
- Lecture Audio, Video and Podcast Recordings
- Archive Working Papers
- Biographical
- Biographical (long version)
- William Peterson
- Bob Rowthorn
- Honours and Awards
- Geoff Whittington
- Selection Committee
- Academic Staff - A to E
- Academic Staff - F to H
- Academic Staff - I to M
- Academic Staff - N to Q
- Academic Staff - R to V
- Academic Staff - W to Z
- Academic Staff - Office Hours
- Past Visitors
- Prospective Academic Visitors Information
- Application Form
- Rules and Categories of Visitors
- Visiting Doctoral Students
- Visiting Students Application Form
- Razan Amine
- Laura Araújo De Freitas
- Marium Ashfaq
- Deniz Atalar
- Kilian Bachmair
- Gerardo Baldo
- Balduin Bippus
- Saru Chaudhary
- Radu Cristea
- Zixuan Deng
- Mar Domenech-Palacios
- Lukas Freund
- Luigi Dante Gaviano
- Guillem Gordo-I-Bach
- Lea Havemeister
- Shengjuan He
- Rebecca Heath
- Christian Höhne
- Darren Hoover
- Benedikt Kagerer
- Kilian Kamkar
- Ganesh Karapakula
- Sean Lavender
- Ana Lleo-Bono
- Fred Seunghyun Maeng
- Shane Mahen
- Fergus McCormack
- Manuel Montesinos
- Mathis Momm
- Jamie Moore
- James Morris
- Shania Mustika
- Cheuk Fai Ng
- Lennart Niermann
- Tianyu Pang
- Charles Parry
- Dmitrii Petrukhin
- Vivek Roy-Chowdhury
- Diogo Salgado Baptista
- Niklas Schmitz
- Kishen Shastry
- Sarah Rose Taylor
- Christian Tien
- Ho-Yung Antonia Tsang
- Carles Vila Martínez
- Yi (Amanda) Wang
- Shu Feng Wei
- Mingmei Xiao
- Yinfeng Zeng
- Mingxi Zhang
- Xiaoxiao Zhang
- Yifan Zhang
- Yiyang Zhang
- Yuting (Tina) Zhang
- Zhaocheng Zhang
- Henning Zschietzschmann
- Professional Services Staff
- Job Market Candidates
- Teaching overview
- University's Blended Learning Site
- Apply overview
- Economics Open Days
- Economics Prospectus
- A Guide for Prospective Students
- Preliminary Part I Reading List
- Why Choose Economics
- Course Description
- Course Structure
- Course Requirements
- How to Apply
- Students Finance
- Frequently Asked Questions (FAQs)
- Entry Requirements
- How and When to Apply
- Finance Overview and Funding
- Core Modules
- Optional Modules
- Applicant Mentoring Programme
- Doctoral Training Partnership
- ESRC Studentships
- Example Course Structure
- Faculty PhD Supervisors
- PhD Modules
- Careers / Placements
- EDGE (European Doctoral Group in Economics)
- Social Events
- Postgraduate Open Day
- Postgraduate Life
- Postgraduate Guide 2023
- Cambridge University Graduate Economics Society
- Economics Postgraduate Fund
- Postgraduate Admissions - Contacts
- The Cambridge Environment
- Introduction to the Faculty
- Student Life
- Alumni overview
- Alumni Newsletter
- Alumni Webinars
- Online Giving
- Faculty Info overview
- Information for Staff (Intranet)
- Find the Faculty
- Provision for Students with Disabilities
- History of the Faculty
- Sheilagh Ogilvie
- Caroline Hoxby
- Joan Robinson
- Women in Economics Events
- Student & Staff Behaviour
- Women in Economics
- Faculty IT Support
Job Market and Placements
PhD & Postdoctoral Research Fellow Job Market Candidates 2023 - 2024
BALDUIN BIPPUS
Research Fields:
Monetary Policy, Macro-Finance, and International Macroeconomics and Finance
Job Market Paper:
Granular Banking Flows and Exchange-Rate Dynamics
References:
Prof. Tiago Cavalcanti (Cambridge) Prof. Giancarlo Corsetti (EUI) Dr. Charles Brendon (Cambridge) Dr. Simon Lloyd (Bank of England)
SARUR CHAUDHARY
International Trade, Development Economics, Applied Microeconomics
Globalizing Highways: Domestic Roads and Foreign Inputs
Prof. Meredith Crowley (Cambridge) Dr. Gabriella Santangelo (Cambridge) Prof. Tiago Cavalcanti (Cambridge) Dr. Siddharth Sharma (World Bank)
LUKAS B. FREUND
Primary: Macroeconomics Secondary: Labor, Firm Dynamics, Inequality, Productivity
Superstar Teams: The Micro Origins and Macro Implications of Coworker Complementarities
Prof. Vasco Carvalho (Cambridge) Prof. Wouter Den Haan (LSE) Prof. Luis Garicano (LSE) Prof. Richard Rogerson (Princeton)
ALASTAIR LANGTRY
Networks, Political Economy
More Connection, Less Community: Network Formation and Local Public Goods Provision
Prof. Matthew Elliott (Cambridge) Dr. Toke Aidt (Cambridge) Prof. Gilat Levy (LSE) Prof. Christian Ghiglino (Essex)
VIVEK ROY-CHOWDHURY
Behavioural and Experimental, Applied Microeconomics
Temptation to Consume Information
Prof. Christopher Rauh (Cambridge) Dr. Julia Shvets (Cambridge) Prof. Sriya Iyer (Cambridge)
Principal Researcher, Nesta
DIOGO SALGADO BAPTISTA
Trade, Climate, Spatial Economics
Trading Away Weather Shocks: Climate Variability, Climate Change, and the Role of Trade
Prof. Vasco Carvalho (Cambridge) Prof. Tiago Cavalcanti (Cambridge) Prof. Giancarlo Corsetti (EUI) Dr. Filiz Unsal (OECD)
Economist, Organisation for Economic Co-operation and Development (OECD)
Placement Officers
Prof. Tiago Cavalcanti
Prof. Aytek Erdil
Placement Assistant
Louise Cross
+44 (0)1223 335206
Job Market Links
Job Market Candidates 2023 - 202 4
Job Market Advice (Moodle)
Job Market Archive
All phd placements.
Placement Archive
Faculty of Economics Austin Robinson Building Sidgwick Avenue Cambridge CB3 9DD UNITED KINGDOM
Telephone: +44 1223 335200
Fax: +44 1223 335475
Site Privacy & Cookie Policies
Find Us (details and maps)
with University of Cambridge Maps
with Google Maps
Associated Websites
Janeway Institute
COVID-19 Economic Research
Keynes Fund
Application Emails
Undergraduate Admissions: (for enquiries about the BA in Economics) [email protected]
Graduate Admissions: (for enquiries about the Diploma, MPhil and PhD courses) [email protected]
General Emails
Faculty Office: (for all other enquiries) [email protected]
Webmaster: (for enquiries about the website) [email protected]
Marshall Library: [email protected]
© 2024 University of Cambridge
- University A-Z
- Contact the University
- Accessibility
- Freedom of information
- Terms and conditions
- Undergraduate
- Spotlight on...
- About research at Cambridge
About Cambridge Judge
- Overview of the Business School
- History and today
- External recognition
- Diversity and inclusion
- Virtual tours
- Jobs at Cambridge Judge
- Giving overview
- Fundraising priorities
- How to give
- Impact and recognition
- Recruiters and organisations overview
- Recruit from Cambridge Judge
- Student consultancy projects
- Develop your talent
- Corporate speaker opportunities
- Special interest groups and societies
- News overview
- Announcements
- Programme news
- Student and alumni news
- Faculty news
- Research centre news
- Fundraising news
- Media coverage
- News room (for journalists)
FT Responsible Business Education Awards: 2 wins for Cambridge Judge
Purpose of Finance course wins top Teaching award and a study on paedophile hunters wins Academic Research award, while Cambridge Judge is Highly Commended for School-wide activities in the Financial Times awards for business education responsibility and impact.
Degree programmes
- Masters degrees overview
- Executive MBA
- Executive Master of Accounting
- Master of Finance (MFin)
- MSt in Entrepreneurship
- MSt in Social Innovation
- MPhil in Management
- MPhil in Technology Policy
- PhD and research masters overview
- PhD pathways
- Business Doctorate
- Master of Research in Management
MPhil in Finance
- MPhil in Innovation, Strategy and Organisation
- MPhil in Strategy, Marketing, Operations and Organisational Behaviour
- Management Studies (Tripos)
- Virtual tours of the Business School
- Cambridge life
- Entrepreneurship at Cambridge Judge
- Financial aid
- Admission events
Non-degree programmes
- Entrepreneurship programmes overview
- Accelerate Cambridge
- Enterprise Tuesday
- Venture Creation
- EnterpriseTECH
- EnterpriseWOMEN
- Social Venture Weekend
- First Certificate in Business overview
- For learners
- For organisations
- Executive Education overview
- Online ExecEd programmes
- Open programmes for individuals
- Custom programmes for organisations
Need help funding your degree programme studies at Cambridge Judge?
Explore our scholarship and loan opportunities.
Executive Education
- Open programmes for individuals overview
- Programme finder
- New programmes
- Online programmes
- Managing People
- Managing Organisations
- Environmental, Social and Governance (ESG)
- Innovation and Technology
- Professional Service Firms
- Custom programmes for organisations overview
- Open programmes for organisations
- Clients and case studies
- Psychometric services
- Professional service firms
- Certificate of Achievement
- B Corp certification
- Digital certificates
- Visa information
- Meet the team
Not sure which programme is for you?
Search our portfolio of over 40 well-crafted programmes that will expand your skills and understanding in service of your organisational, personal development and career objectives.
- Research and teaching staff
- Honorary appointments
- Subject groups overview
- Economics and Policy
- Operations and Technology Management
- Organisational Behaviour
- Organisational Theory and Information Systems
- Strategy and International Business
- Research centre finder
- Alternative Finance
- Behavioural Economics and Policy
- Business Research
- Chinese Management
- Circular Economy
- Digital Innovation
- Endowment Asset Management
- Energy Policy Research Group
- Entrepreneurship
- Experimental & Behavioural Economics Group
- Finance, Technology and Regulation
- Financial Reporting and Accountability
- Health Leadership and Enterprise
- India and Global Business
- International Human Resource Management
- Process Excellence and Innovation
- Psychometrics
- Risk Studies
- Social Innovation
- Wo+Men’s Leadership
- Initiatives
- Impact and practitioner engagement overview
- Collaborate with our faculty
- Publications overview
- The Cadbury Archive
- Information and Library Services overview
- Research seminars
Faculty and research
- AI and technology
- Behavioural economics
- Career and personal development
- Entrepreneurship and innovation
- ESG and sustainability
- Equality, diversity and inclusion
- Finance and accounting
- Future of work
- Global strategy and international business
- Governance, economics, and policy
- Leadership and organisational behaviour
- Operations management
- Philanthropy
- Social impact
Exploring the rise of the global B Corp movement
The B Corp movement is helping to shift the focus of capitalism from shareholders to all stakeholders: find out how Cambridge fits in.
Find an expert
We have faculty, who can speak on many current UK and global issues, and are happy to be contacted by journalists.
- All insights
- Alumni council
- Regional Alumni groups
- Alumni Special Interest Groups (ASIGs)
- Alumni toolkit
- Alumni profiles
- Get involved
- CJBS network
- CJBS Connects: Worldwide
Leave your mark in LT1
The iconic Lecture Theatre 1 (LT1) is due for a refurbishment, and with it comes the opportunity for alumni, friends and other supporters of Cambridge Judge Business School to claim their seat in LT1.
- PhD & research …
- Specialising via a PhD pathway
The Finance PhD…
The Finance PhD pathway
- Why a CJBS PhD?
- Accounting PhD pathway
- Business Economics PhD pathway
- Finance PhD pathway
- Marketing PhD pathway
- Operations and Technology Management PhD pathway
- Organisational Behaviour PhD pathway
- Organisational Theory and Information Systems PhD pathway
- Strategic Management PhD pathway overview
- PhD pathways overview
- MPhil in Strategy, Marketing and Operations
Master of Research (MRes)
- Financing your PhD
- Current students
- Job market candidates
- Visiting students overview
- External PhD scholars
- The Business Doctorate
The Finance group at Cambridge Judge Business School covers a broad spectrum of issues in finance. We define finance as more than a set of financial transactions – it is the glue that holds together corporations, capital markets and the real economy.
We pursue research on empirical and theoretical corporate finance, asset pricing, and financial accounting as well as the intersections of finance and economics. In doing so, we treat finance as both an art and a science.
Professor Raghavendra Rau talks about the Finance pathway.
Hello. My name is Raghu Rau, and I’m the Head of the Finance and Accounting group here at Cambridge Judge Business School. Finance is actually an area which deals with four different groups of people.
We are looking at investors. Investors are people who give money to corporations and to reinvest in investment project and so on. We’re looking at corporations who take money from individuals and use that to invest in different types of projects. We have financial intermediaries, who sit between the corporations and individuals trying to make sure they have the best match between projects which the companies are offering and the individuals who want to invest in these projects. And finally, you have government and regulators who make sure the whole process is fair.
Here at Cambridge Judge Business School, we focus mostly on corporate finance. So in particular, we look at empirical corporate finance. What that means is most of our research uses actual data from companies. We look at why companies use particular types of financial policy.
We look at why individuals make certain types of decisions, whether they do this rationally, whether they’re driven by behavioural biases, and so on. We look at what conflicts of interest might make financial intermediaries advocate one type of action rather than another, for example, why they might ask firms to issue equity in place of debt and other factors like that. Overall, our focus is on trying to get actual data, hard data, which tells us exactly– allows us to get at the truth, allows us to figure out what it is that individuals, managers, and financial intermediaries are really thinking when they make financial decisions.
A lot of the data we use comes from deep engagement with companies. So in fact, here at Cambridge Judge Business School, we engage a lot with individuals who are at high level positions at firms. And because we are the University of Cambridge, we have been able to get access to a lot of unique data sets, which are not available typically at most universities across the world. And we use these to answer these types of questions.
What type of student are we looking for? Basically, someone who is interested in finding out the truth. The problem with industry is that you cannot really spend much time digging into to issues and figure out what is really going on.
We don’t just have the time. You need to talk to your clients. You need to talk to your company. These are short-frame, short-term projects, which typically last more than less than about three to six months.
Three to six months is a very, very short time for an academic. If you’re interested in truly figuring out how things work, you really have to go in-depth into these matters. And that might take a year, maybe two years. At the end of the day, we’re looking for someone who is at heart interested in the truth, someone who is, well, for better words, an academic.
View video with transcript
The pathway
To start on the Finance pathway you must take one of the following 9-month masters programmes:
Master of Research (MRes) (for students with a Cambridge MPhil in Economic Research)
Essential reading
Download detailed information about the 9-month + 4-year programme structure and content.
- Research areas What we expect from you What you can expect from us PhD supervisors
- What we expect from you Research areas What you can expect from us PhD supervisors
- What you can expect from us Research areas What we expect from you PhD supervisors
- PhD supervisors Research areas What we expect from you What you can expect from us
Research areas
Our faculty research is based around empirical and theoretical corporate finance, asset pricing, and financial accounting as well as the intersections of finance and economics. You will have the opportunity to conduct cutting-edge research on the multi-faceted linkages between investors, intermediaries and corporations. While the questions are academic in nature, we strive for solutions that can inform the practice of finance, and we incorporate this spirit into our teaching and other classroom interactions.
Application of econometric methods and theoretical tools from contract theory and financial economics
- Provides the methodical rigour to infer causal statements about the way the world works.
- Allows us to shed light on questions that we, and businesses in the real world, deemed to be interesting and important at this time.
- Leads to key new understandings, eg the importance of the role of financial intermediation for growth and welfare.
Analysing the ‘black box’ that is financial institutions
- Work on topics and papers related to the study of commercial banks, investment banks, universal banks, mutual funds, hedge funds and other providers of financial services.
- Market failures and inefficiencies as a result of what happens within firms, not just between financial institutions and those seeking their services.
- Analysis of how firms work – how are compensation contracts written, and why do companies pay bribes to politicians?
- Analysis of investors that invest in firms through a set of financial intermediaries. How do these investors understand risk? Can managers and intermediaries consistently fool them into paying too much for securities or assets?
We pay close attention to human decision-making and behavioural anomalies, both of which also apply to the broader context of capital markets and financial accounting.
What we expect from you
You will need to have earned a first class undergraduate degree or equivalent. In some cases you will need to have a graduate degree from a highly regarded university in financial, mathematical or business economics, and to have performed within the top 5% in your class.
You will also be able to demonstrate a high level of commitment to an academic career in a business school, to this end your academic preparation is key. Finance research is quantitative in nature and your background will reflect quantitative and methodological rigour.
For more details, please see the academic requirements for the:
What you can expect from us
- You will be considered a junior colleague rather than a student from the outset of the programme.
- Work with faculty on joint research projects for publication in leading academic journals.
- Learn from a series of courses focused on research methodology and the foundations of the discipline.
- Attend seminars given by the top researchers in the field.
- Benefit from close interactions both within the Finance subject group and beyond including external researchers, meetings with speakers and research visits to some of the finest finance departments outside Cambridge.
- You will be fully funded during your years on the programme.
- Access researchers across the University of Cambridge, studying a huge variety of topics at a world-class level.
- Take advantage of the specialised interdisciplinary centres established by the Finance group, and access unique data found nowhere else in the world.
PhD supervisors
Your principal supervisor will be a senior academic, often Professor or Associate Professor, from within the Finance group. You will benefit from their guidance and counsel throughout the programme, and beyond: in helping you to succeed in the job market and in gaining a faculty position at a leading business school. Your principal supervisor will take an active role in your research programme and will assemble a group of faculty (your advisory committee) who will co-author papers with you.
Take a look at the faculty who may serve as your principal supervisor and view their research interests:
David Chambers
Invesco professor of finance, read more about david.
Research interests
David Chambers researches investment management; financial history; endowment asset management; IPOs; law and finance.
View David's profile
Elroy Dimson
Professor of finance, not available as principal supervisor, read more about elroy.
Elroy Dimson researches investment management; financial market history; endowment asset management; sustainable and responsible investing.
View Elroy's profile
Oğuzhan Karakaş
Associate professor in finance, read more about oğuzhan.
Oguzhan Karakas researches corporate governance; ownership and control; corporate social responsibility; private equity; dynamic investment strategies.
View Oğuzhan's profile
Andrei Kirilenko
Read more about andrei.
Andrei Kirilenko researches the intersection of finance, technology and regulation; fintech; asset pricing, data, and digital technologies; the design of automated financial markets and instruments.
View Andrei's profile
Bart Lambrecht
Read more about bart.
Bart Lambrecht researches various aspects of corporate finance such as real options and investment under uncertainty; mergers and acquisitions; payout policy; managerial agency and the role of asymmetric information; bankruptcy; and the financing of firms; housing and household finance; bank lending and bank capital structure.
View Bart's profile
Bang Dang Nguyen
Read more about bang.
Bang Dang Nguyen researches corporate finance; empirical finance; corporate governance.
View Bang's profile
Raghavendra Rau
Sir evelyn de rothschild professor of finance, read more about raghavendra.
Raghu Rau researches empirical corporate finance; empirical behavioural finance.
View Raghavendra's profile
Pedro Saffi
Professor of financial economics, not available to take incoming phd students in october 2025, read more about pedro.
Pedro Saffi researches security lending markets; short selling; liquidity risk; and how differences of beliefs affect trading volume.
View Pedro's profile
Lucio Sarno
Read more about lucio.
Lucio Sarno researches empirical asset pricing; international finance, and especially foreign exchange markets; macro-finance; microstructure of financial markets.
View Lucio's profile
Finance faculty
Learn more about the faculty that teach on this pathway.
Learn more about the Finance subject group
Learn more about the application process and deadlines
Explore fees and funding options
Contact the admissions team
IMAGES
COMMENTS
University: Rank: Graduate Pay: London School of Economics: 1: £38,000: City University London: 2: £36,000: Cambridge University: 3: £35,000: Oxford University: 4 ...
Hourly rates for GMHC Staff. GMHC Hourly rates (pdf) - August 23 onwards. GMHC Hourly rates (pdf) - Feb 23 to Jul 23.
Partly as a result of this, half of non-graduate women had earnings below £8,000 a year at around age 30, say the researchers. Only a quarter of female graduates were earning less than this. Half were earning more than £21,000 a year. ... The University of Cambridge will use your email address to send you our weekly research news email. We ...
The estimated total pay range for a PhD Student at University of Cambridge is $56K-$91K per year, which includes base salary and additional pay. The average PhD Student base salary at University of Cambridge is $71K per year. The average additional pay is $0 per year, which could include cash bonus, stock, commission, profit sharing or tips.
The average salary for a Phd student stipend is £16,782 in Cambridge, UK. Salaries estimates are based on 66 salaries submitted anonymously to Glassdoor by Phd student stipend employees in Cambridge, UK. How accurate is an average base pay range of £15K-£19K/yr? Your input helps Glassdoor refine our pay estimates over time.
The degree of Doctor of Philosophy (PhD) is the University's principal research degree for graduate students and is available in all faculties and departments. A Cambridge PhD is intellectually demanding and you will need to have a high level of attainment and motivation to pursue this programme of advanced study and research. In most faculties ...
Current Studentships at the University of Cambridge. ... Salary Reference Closes; PhD Studentship in Nanoscale Diamond Quantum Sensors for In-Situ Detection of Reactive Radicals in Fuel Cell Membranes Department of Physics: KA42610: 8 September 2024: PhD Studentship: Improving the efficiency of Hydrogen generation in electrolysis
The PhD is the primary research degree that can be taken in the Department of Computer Science and Technology. The Cambridge PhD is a three to four-year full-time (five to seven-year part-time) programme of individual research on a topic agreed by the student and the Department, under the guidance of a staff member as the student's supervisor.
Average salary for University of Cambridge Phd Student in Cambridge: £17,681. Based on 4775 salaries posted anonymously by University of Cambridge Phd Student employees in Cambridge.
The estimated total pay for a PhD Student is £23,304 per year in the Cambridge, United Kingdom area, with an average salary of £19,065 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.
Their offer is around £45K pa. I feel this is somewhat low for Cambridge, given the high rental costs. Does anyone know what is a fair salary for someone with a PhD and 3 years of work experience? My PhD is in science/engineering from a top 5 European university (not Cambridge ;)) and I work in an experimental/applied physics field
The estimated salary for a PhD is £17,740 per year in the Cambridge, United Kingdom area. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The "Most Likely Range" represents values that exist within the 25th and 75th percentile ...
The estimated total pay range for a PhD Student at University of Cambridge is £16K-£20K per year, which includes base salary and additional pay. The average PhD Student base salary at University of Cambridge is £18K per year. The average additional pay is £0 per year, which could include cash bonus, stock, commission, profit sharing or tips.
[email protected]. Placement Assistant. Louise Cross. [email protected]. +44 (0)1223 335206. PhD & Postdoctoral Research Fellow Job Market Candidates 2023 - 2024 Home Page CV BALDUIN BIPPUS PHD Research Fields: Monetary Policy, Macro-Finance, and International Macroeconomics and Finance Job Market Paper: Granular Banking Flows and Exchange ...
The average salary for a Phd is £20,771 in Cambridge, East of England, England. Salaries estimates are based on 6 salaries submitted anonymously to Glassdoor by Phd employees in Cambridge, East of England, England. ... University of Cambridge. PhD. £22,038 / yr. Range: £15K - £43K. 3 salaries. See 3 salaries from all locations. £15K.
However, economics graduates from the University of Cambridge (the UK's highest-ranked university) earn a higher average salary five years after graduating of £61,000 (~US$77,900). Among the universities which are least successful at producing high-earning graduates is the University of East London, whose economics graduates earn an average ...
3.8. 83,653 reviews. Compare. A free inside look at University Of Cambridge Phd Student Stipend Uk salary trends based on 180 salaries wages for [jobTitleCount] jobs at University Of Cambridge Phd Student Stipend Uk. Salaries posted anonymously by University Of Cambridge Phd Student Stipend Uk employees.
The Finance group at Cambridge Judge Business School covers a broad spectrum of issues in finance. We define finance as more than a set of financial transactions - it is the glue that holds together corporations, capital markets and the real economy. We pursue research on empirical and theoretical corporate finance, asset pricing, and ...
The average salary for PhD Student is £20,541 per year in the Cambridge. The average additional cash compensation for a PhD Student in the Cambridge is £3,746, with a range from £1,709 - £8,210. Salaries estimates are based on 913 salaries submitted anonymously to Glassdoor by PhD Student employees in Cambridge.
The most lucrative degree in the country was Computer Science at the University of Cambridge. Those on the course can look forward to median annual earnings after five years of around £100,000 ...
The average University of Cambridge salary ranges from approximately $42,010 per year (estimate) for . The average University of Cambridge hourly pay ranges from approximately $19 per hour (estimate) for . University of Cambridge employees rate the overall compensation and benefits package 3.2/5 stars. What is the highest salary at University ...