Set yourself apart from the crowd with the dynamic, broad-based approach to finance at Michigan Ross.

Get more out of finance than a sense of numbers and figures. Finance at Michigan Ross covers a broad range of topics — from social capital to asset pricing to the causes of the financial crisis. This wide base of knowledge and experience sets you apart from the field. The teaching from Michigan Ross’ renowned finance faculty is relevant to today’s complex business world, and their impactful research is published in top journals. You’ll not only become a financial expert, but you’ll learn how to never stop asking “why.”

CHAIR, Uday Rajan


Chair: Uday Rajan

Uday Rajan's research focuses on informational frictions such as adverse selection and moral hazard and their effect on market transactions, with recent work on the role of the board in the presence of activist investors and on the default behavior of subprime mortgages in the years before the financial crisis.


The main objective of the program is to produce outstanding researchers who can be placed in the world's top academic finance departments. Doctoral students in finance at the Stephen M. Ross School of Business have access to a large, active and collegial finance faculty with diverse research interests. The faculty devotes significant resources to the PhD program, recognizing that having a top PhD program is critical to maintain an outstanding research environment. The relatively small number of students ensures quality interaction with the faculty.  Faculty research interests span all areas of Finance.

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Ross Research Origins: Professor Stefan Nagel


Where do research ideas come from? Professor Stefan Nagel explains the genesis of his study on how we form expectations about the economic future.

More about our Finance PhD Program

Academic Resources


Get details on specific courses including key required classes and electives for Michigan Ross degree programs.

Finance Courses

Faculty Directory

Connect with a member of Michigan Ross’ world-class faculty.

Finance Faculty


Early Finance Options

We offer students who are seeking finance-related careers the option to start their finance course work in the first half-semester (starting in September) of their first year. While the finance core is offered in the second half-semester (starting in November) of their first year, students who are able to waive one of the early core courses can take a finance elective in the first half-semester in lieu of the finance core. For students who are unable to waive any of the early core courses, we offer an accounting course before school starts.

Those who pass this course can waive the accounting core course and instead take the finance elective. This arrangement makes our students competitive in the finance job market by enabling them to take more finance electives before internship interviews.


For more information about the Finance Brownbag Seminars, please contact Shelly Whitmer at


Seminars are Friday's from 10:30am-12pm unless otherwise indicated.  If you would like to be added to the email distribution list, please contact Shelly Whitmer at


The Mitsui Life center supports academic research on a wide range of global finance issues relevant to both practitioners and academics.


The Tozzi Center gives you the experience of a working on a trading floor and e-commerce lab with the latest technology.


Fast track your career in finance with an accelerated MBA focus.


The Hosmer-Hall Interdisciplinary Research Luncheons bring Ross faculty together to discuss current research projects.

Michigan Real Estate Club

The Real Estate Club provides educational, networking and career development opportunities within the entire spectrum of the real estate industry.

Finance Club

We help our members develop their hard skills and provide opportunities to explore the career paths available for future finance professionals.

UM/ULI Real Estate Forum

The UM/ULI Real Estate Forum provides valuable lessons in real estate development and highlights real estate investment and development opportunities.

Financial Derivatives and Risk Management Club

We sponsor various networking and educational activities as they relate to derivatives, financial engineering, risk management, and trading.