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Project and Infrastructure Finance

Master the financing of infrastructure and industrial projects to add value to your organisation.

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Fully Booked

Dates 18-22 November 2024: Middle East Cohort

Duration 5 days

Location In person – London

Format In person – London

Dates 26-30 May 2025: Middle East Cohort

Dates 14-18 July 2025

Programme impact

Who attends, programme content, how to apply, boost value. structure projects. mitigate risks. .

Master the technical dynamics of investment in large-scale projects and connect with other global professionals in this unique growth industry.

• Good for you
• Good for your organisation
• Gain the confidence to successfully navigate the entire project finance process - from initial agreement to completion.
• Explore successful – and unsuccessful – examples of project and infrastructure finance.
• Understand what lenders are looking for and how to align their needs with yours.
• Restructure projects in distress for optimal results, sharing insights with a global and highly talented cohort.
• Explore project finance through real-world case studies, examining the latest industry techniques with world-leading faculty.
• Value, structure and finance large-scale projects across sectors such as infrastructure, utilities, transportation, education and healthcare.
• Finance projects in new and emerging markets.
• Develop organisational capability around the financing of public-private partnerships (PPP), private finance initiatives (PFI), and other large-scale projects.
• Mitigate your organisation’s risks in financing large-scale infrastructure projects.
• Benchmark your company’s project and infrastructure finance against that of other organisations.
• Develop a framework, and apply project finance principles and valuation methods to real-life projects back in the workplace.

"Exploring a wide range of projects gave me the tools to mitigate risk."

Adrienne Lindgren

Urban Aviation Innovation Consultant, WSP  Programme: Project and Infrastructure Finance Nationality: American

Right for you

This programme is designed for professionals seeking to understand the technical dynamics of investment in large-scale projects, and to develop skills in managing project and infrastructure finance.

of professional experience

nationalities

on average per cohort

Attendees include:

• Finance professionals from the private and public sectors.
• Finance professionals from industries including energy, infrastructure, transportation and logistics, utilities and mining.
• Government officials.
• Equity investors and sponsors.
• Project finance advisors within banks.
• Developers, engineers, lawyers and legal advisors, auditors and risk managers.
• By nationality
• By industry

Industry of recent participants

• Finance 42 %
• Government / Public administration 17 %
• Construction 8 %
• Consulting 8 %
• Healthcare / Pharma 4 %
• High Tech 4 %
• Law / Legal Services 4 %
• Real Estate 4 %

Real-world insight. Immediate business impact.

Gain the practical skills and expertise to manage the process of valuing, financing and structuring project and infrastructure deals.

• What you learn
• How you learn
• Your learning experience
• Create value through project and infrastructure finance.
• Understand project versus corporate finance.
• Finance, value and structure large- scale infrastructure projects.
• Analyse project risks and rewards.
• Optimally restructure projects in distress.
• Understand public-private partnerships (PPP) and private finance initiatives (PFI).
• Investigate project finance in emerging markets.
• Analyse international case studies – and learn from your global peer group – to gain a deeper understanding of global dynamics.
• Some deals succeed while other fail. Learn to spot opportunities and pitfalls.
• Examine case studies like the Victorian Desalination Project, the largest public sector investment in water infrastructure in Australia’s history, or the NH-34 road project, a public-private partnership in India. What would you do faced with a similar project?
• Build a deep understanding of different business cultures – invaluable insight for large-scale global projects with multiple stakeholders.
• The only top-ranked school to provide a specialist course on project and infrastructure finance – giving you a complete overview of this niche industry.
• Learn from world-leading faculty - see how project and infrastructure finance provides opportunity to lenders looking for diversified earnings and corporates looking for overseas returns.
• Benefit from the wisdom of industry insiders as they share their experience on major project finance deals.
• Build your knowledge base and leverage global networks in London, a commercially-driven and vibrant finance capital.
• Join our eclectic and highly-talented community and boost your confidence to work across different cultures and markets.
• Experience both group work and individual study – take time to reflect on your own learning journey.
• What is the application process?

You can apply to the programme of your choice online. Acceptance is not automatic and your application will be reviewed by our team of Programme Consultants to ensure the best fit between applicants and programmes. Spaces on our programmes can fill up quickly so we encourage you to apply early and ensure your application is as comprehensive as possible.

• Will I have to do any preparation before attending the programme?

You'll receive communication from your Programme Manager around six weeks before starting the programme. The information we send will direct you to our online learning platform which will include the programme timetable, pre-programme reading and preparation work, and an introduction to your fellow participants.

• Do I need to obtain a visa if I’m coming from overseas?

Visa requirements vary depending on your nationality and country of residence. We encourage you to use the ‘check if you need a visa’ tool or to consult the UK consulate or embassy in your home country.

Our faculty

Experts in the field.

Access some of the world’s leading thinkers whose cutting-edge research in global business is grounded in real-world practicality.

Ramin Baghai

Visiting Professor of Finance

Academic Focus

Ramin Baghai is a Visiting Professor of Finance from the Stockholm School of Economics (SSE) where he is an Associate Professor of Finance. His research focuses on topics related to corporate credit markets, asset management, and topics at the intersection of labor economics and finance.

Ramin earned Master’s degrees at the London School of Economics and the London Business School, and a PhD in Finance from the London Business School. He is also a Research Affiliate at the Center for Economic and Policy Research (CEPR) and a Research Member at the European Corporate Governance Institute (ECGI). Ramin has published his work in top academic journals, such as the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies.

Ramin has taught on a variety of programmes, including in the Executive Education area and MBA programmes. In 2020, he received the (student-elected) Best Teacher Award at the SSE.

Certificate in Finance

This programme can also be taken as part of the Certificate in Finance. Gain the knowledge and tools to build expertise in finance. Customise your learning by selecting four courses from our extensive, world-class portfolio.

Submit your application through our online application form.

Not ready to apply yet? Reserve a place

We recommend you apply at least three months before the programme starts to guarantee your place. The application form will take approximately 15-30 minutes to complete.

We’ll acknowledge receipt of your application by email within 48 hours, if it’s received during normal working hours (Mon-Fri – 9am-6pm GMT). We will review and respond to your application within two working days. We do this in order of receipt and acceptance is not automatic.

Yes. We can hold a provisional place for you for up to two weeks, but be aware that completed applications take priority and programmes often fill up several months in advance. You can reserve a place online, by phone or by email.

Tel: +44 (0)20 7000 7325 Email: [email protected]

The programme is taught in English, so a good working knowledge of the language is essential. If English is not your first language, we may ask you for evidence of your proficiency.

If you have any more questions, please read our FAQs here . Read our full terms and conditions

The fee for the programme is £8,500.*

The programme fee covers all required study materials, programme activities, as well as refreshments and most meals. It also includes access to a well-appointed gym with a swimming pool. It does not include accommodation.

We offer a 25% discount for London Business School Alumni .

For more information on what the programme fee covers, please  speak to our Client Relationship Manager .

*Fees are subject to change.

Related Programmes

See what else we have to offer

Finance expertise, strategic thinking and a highly practical approach. Find out what other programmes we offer.

Accounting and Financial Analysis

Deconstruct the numbers to unlock insights into company and competitor performance.

Develop a practical toolkit to value companies and capital projects, and make smart investment decisions.

Gain the knowledge and tools to build expertise in finance, supported by coaches to maximise your impact. Customise your learning by selecting four courses from our extensive, world-class portfolio that meet your specific needs and goals.

Whether you are an individual or an organisation/group looking for a programme get in touch and we can help find the best solution for you.

David Ratcliffe

+44(0) 20 7000 7051

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PhD Admission Guide

This application guide provides information on the key stages in making an application to study for a PhD at King’s Business School and on the admission and funding deadlines. Please read this information carefully as failure to meet the requirements outlined below may jeopardise your application. 

Application and funding deadlines

• How to apply: A step-by-step guide
• After you Apply

Receiving an offer

* Be sure to speak with a supervisor before submitting your application.

For entry to the King’s Business School PhD Programme for October 2025/26, the following application and funding deadlines apply:

(Please note, any application received after 1st December 2024 will automatically be considered for the second round entry.)

1. Check that you meet our entry requirements

Academic standards.

You should hold, or be completing, a Master's degree with a Merit or higher (or overseas equivalent) and  have achieved a 2:1 Bachelor's degree (or overseas equivalent) in a relevant subject.

International applicants can check the equivalence of their degrees . If you can't find your country or qualification in the list or would like to check the status of your institution with us, please contact the Admissions Office for further advice.

King’s does not require standardised tests such as the GRE or GMAT, but some supervisors may request these scores for information.

English language requirements

If you are a native English speaker or have been awarded a degree within the last five years from one of the countries listed here , you may not be required to take an English language test. English language competency is assessed on a case-by-case basis.

If your first language is not English you must be able to provide recent evidence that your spoken and written command of the English language is adequate for the programmes for which you have applied. Check our English language requirements here (Band B) . You can use our pre-sessional English calculator to check if your language scores meet our requirements.

Please note, we cannot review individual eligibility before you apply and are only able to consider complete applications which include all supporting documents.

2. Contact potential supervisor(s)

Support from a supervisor with the right expertise for your project is essential to success in your doctoral studies. For your application to be considered you must identify a lead supervisor who shares an interest in your proposed area of research.

You sould contact potential supervisors to discuss your research proposal before applying. If they are interested, they will invite you for an interview. 

You will work closely with your lead supervisor for several years, so it is essential to ensure that you have similar research interests and aims for the project. Before approaching a potential supervisor, read some of their publications on their Research Profiles to see if they undertake work in an area relevant to you. This will help you to decide whether they are the right fit for you and your project. When approaching a potential supervisor, it is important to show an appreciation of their research expertise and interests.

Details of research undertaken within the School can be found by exploring our departments and academic staff pages. All of our faculty members are research active and the majority of them are available to supervise doctoral students.

When you have identified a supervisor you would like to work with, please email them, and include the following information in your message:

• A short message explaining your background, research interests and why you are interested in undertaking a PhD
• An explanation of why you think they are the right supervisor for your project, demonstrating your familiarity with their research work
• A copy of your CV
• An early draft of your research proposal (usually about one page). Have a look at Section 3 for details on what to include in your proposal

If you do not send this information you may not get a response to your email, as without these details it will not be possible for a supervisor to assess whether they will be able to supervise your project.

It is fine to send queries to more than one supervisor, but please do not send blanket email requests to more than four academics at a time. These are unlikely to receive a response.

If you do not receive a response from your preferred supervisor after a week, then feel free to send them a reminder. If you still do not receive a response, you can still submit your application and include the name your preferred supervisor in your application. Your application may be considered.

If a supervisor is interested they will invite you for an interview and all applications are reviewed at School level. Please note that a supervisor’s agreement to supervise you does not guarantee entry to the programme. You must submit an online application with all of the required documents before the School is able to make a full assessment of your suitability.

3. Develop your proposal

A PhD proposal is an outline of your proposed project. It is arguably the most important part of your PhD application. The admissions committee will be assessing your expertise in your chosen research area, your knowledge of the literature, the quality and originality of your ideas, whether your project is a good fit with your proposed supervisor and the research strengths of the School, and the feasibility of your project.

The proposal should be approximately 1,500 words in length plus references, and should be structured using the following headings:

• Introduction: To set up a clear research problem/question and its wider significance
• Background: To provide a short literature review that analyses the state-of-the-art in the field and explains how the project will add to and/or challenge existing literature
• Objectives: To state the main objectives of the project
• Methods: To explain the methods you plan to use, including sources of, or means of collecting, data
• Implications: To highlight the anticipated academic and applied contributions of the project

You are advised to contact prospective supervisors before finalising your proposal in case they have any advice about how to refine it and so you can ensure your research fits well with the expertise of your supervisor.

It is understood that your project will evolve during the course of your PhD, so the proposal is necessarily speculative. We do not expect you to be able to answer your research question(s) at the application stage. Likewise, some of the methods you may want to use will work, and some of them may not. Nonetheless it is important to try and be as specific as you can about the project’s objectives, methods and anticipated outcomes.

4. Write your Personal Statement

We ask that you also write a short supporting statement (c. 500 words) explaining:

• Your motivation for applying for a PhD
• Why you are well suited to undertaking a PhD (appropriate expertise, personal skills, etc.)
• What you are hoping to do after you complete your PhD
• Why you have selected your preferred supervisor(s)
• Why King’s Business School is the best place for you to undertake your project

5. Apply online

Submit your application via King’s Apply , our online application portal. Select either Management Studies Research MPhil/PhD (Full Time) or Management Studies Research MPhil/PhD (Part Time) depending on your preferred mode of study. Please note that only applicants for Full Time study are eligible for a King’s Business School studentship.

Your application requires the following:

• Research proposal of 1,500 words, to be uploaded on the portal
• The name of your preferred supervisor
• Personal statement of 500 words, to be pasted in the ‘Supporting Statement’ box
• One academic reference which is recent and valid. You can invite your referee to upload their reference directly or you can upload copies of the reference letter to the online application form
• A sample of your previous written work (typically, your Master’s dissertation)
• English language test certificate, unless you meet the criteria for an exemption.Valid degree transcripts for both undergraduate and master’s degrees, which include marksheets showing all modules taken and marks received. If your transcripts are not in English, please provide an official translation
• Details on how you will fund your studies. If you are applying for a King’s College London studentship you must enter the scholarship code details in the online form

6. Apply for funding

Most PhD students require funding to support their studies. To increase your chances of securing funding, we strongly encourage you to apply to all studentship competitions for which you are eligible.

A variety of competitions are open to students accepted to the King’s Business School PhD Programme and a comprehensive database of studentships is available through the Centre for Doctoral Studies . Some of the key competitions include:

King’s Business School Studentships

Open to all full-time applicants to the PhD Programme, regardless of fee status, King’s Business School studentships pay fees in full and an annual stipend. Applicants to the King’s Business School studentships are expected to also apply to any other King’s studentships for which they are eligible. The competition opens in early October each year.

Please let your supervisor know if you are interested in applying to the King's Business School Studentships and ensure you submit your online application via King’s Apply by 15 December 2023 at 17.00 (5pm) .

Please contact The PhD Team at [email protected] if you have any questions.

London Interdisciplinary Social Science Doctoral Training Partnership (LISS-DTP) Studentships

These studentships, funded by the Economic and Social Sciences Research Council, are available to Home and International students (including EU students). The deadline is TBC, but usually late January 2024.

King’s China Council Scholarships

Open to citizens and permanent residents of the People’s Republic of China, these scholarships provide international fees, an annual living allowance and visa application fees. To apply mention the relevant scholarship code when you submit your online application to King’s Apply, and fill out the CSC application form (available online). The deadline is usually in early January.

After you apply

Use King’s Apply you can track the status of your application, view your offer details and upload supporting documents such as English language test results.

The application process can take four to eight weeks depending on the time of year. Please note that an incomplete application will delay the decision-making process.

If you have any queries about your application, you can contact Admissions directly through your King’s Apply Account using the messaging service (admissions does not communicate through email about applications)

All shortlisted applications are reviewed at School level and if your application is successful, you will either receive an unconditional or conditional offer at the end of March 2024 for Round 1 and end of June for Round 2. A conditional offer will outline certain requirements which you must fulfil before you can be admitted to the programme.

If you decide to accept the offer, you will need make the offer ‘firm’ on your King’s Apply Account. You can still do this if your offer is conditional and when all conditions are met the status of your application will change to unconditional.

You will start to receive specific programme Information from the Research Officer in the summer before the programme starts in October.

Do you have a question?

If you have a query which is not answered on this page, or to find out more about supervisors currently taking on PhD students, please contact [email protected] . 

Executive PhD in Finance

Key information, about the executive phd in finance.

The Executive PhD is a four-year, part-time degree programme, culminating in a dissertation that passes formal examination. It comprises of ten, forty-hour residential weeks, and independent research guided by faculty supervisors.

"The courses are excellent and highly tailored to our specific needs. The flexible design helps us to move quickly toward our individual goals." Rob Roy – Executive PhD in Finance

Research Areas

Our research covers all the core areas of finance – asset pricing, corporate finance and financial markets.

It also reflects our strengths in:

• Banking and international finance
• Mathematical finance and financial econometrics
• Real estate
• Shipping finance.

As such, our Finance PhD students carry out research in a wide variety of areas but the faculty fosters a collaborative and engaging approach to research and you will meet many inspiring academics and experts.

We encourage you to learn more about the programme’s faculty or previous students’ successes by visiting the links below.

We take pride in producing research of the highest academic standard, and our research is published routinely in the top finance journals.

• Recent publications from the Faculty of Finance

Programme structure

The Finance PhD is usually a four year programme. You are registered on the MPhil degree for the first two years during which you will follow a programme of taught courses and prepare for the transfer panel, which is a mid-point assessment of your progress.

Year 1 – Theory and Methods

In the first year you will attend four residential weeks during which you will participate in a series of seminars designed to train you in the theory and methods necessary to conduct high quality finance research. These courses are academically rigorous and require substantial preparation time before each residential week.

Week One – September

• Quantitative Research Methods: Fundamentals of Statistics (Dr Elisabetta Pellini)
• Choosing Your Research Question (Professor Charles Baden-Fuller)
• Elements of Research Design (Professor Davide Ravasi)
• Philosophy of Social Science (Professor Hugh Wilmott)
• Research Ethics (Dr Janina Steinmetz and Dr Hans Frankfort)
• Managing the PhD Experience (Dr Daisy Chung)
• Managing a Research Project (Professor Barbara Casu Lukac)
• Introduction to Library Resources (Library Staff)

Week Two - December

• Quantitative Research Methods I (Professor Giovanni Urga & Dr Elisabetta Pellini)
• Survey Design I (Dr Canan Kocabasoglu-Hillmer)
• How to Write a Literature Review (Professor Bobby Banerjee)
• Research Topics in Finance I: International Finance (Professor Ian Marsh)
• Empirical Methods in Finance I (Professor Francisco Urzua)
• Library Services and Online Resources - Working Session (Library Staff)
• Finance Research Seminar (External Speaker)

Week Three - March

• Quantitative Research Methods II (Professor Giovanni Urga & Dr Elisabetta Pellini)
• Empirical Methods in Finance II (Professor Francisco Urzua)
• Research Topics in Finance II: Mergers and Acquisitions (Professor Meziane Lasfer)
• Research Topics in Finance III: Banking and Financial Regulation (Professor Barbara Casu)
• Survey Design II (Dr Canan Kocabasoglu-Hillmer)
• Organisations: Early Debate and Implications for Trading Floors (Dr Daniel Beunza)
• Interview Techniques (Professor Paula Jarzabkowski)

Week Four - June

• Quantitative Research Methods III (Professor Giovanni Urga & Dr Elisabetta Pellini)
• Empirical Methods in Finance III (Professor Francisco Urzua)
• Survey Design III (Dr Canan Kocabasoglu-Hillmer)
• Research Topics in Finance IV: Banking and Financial Regulation (Dr Angela Gallo)
• Responsible Investing: Ethnographic Discovery and Finance (Dr Daniel Beunza)
• PhD Finance Research Days (full time PhD workshop)
• Research Presentations (all cohorts)

Year 2 – Research Development

Year 2 – First Paper and Transfer Panel

Your research training continues in this second year with workshops focused on developing specific skills such as academic writing, advanced level reading groups where we delve deeply into key current research papers.

Alongside this, you will commence research in your chosen topics and the year culminates with the defense of your first research paper before a transfer panel committee. After the successful defense of your transfer panel paper you will move onto the final two years of the PhD programme.

Week Five - September

• Quantitative Research Methods IV (Professor Giovanni Urga & Dr Elisabetta Pellini)
• Empirical Methods in Finance IV (Professor Francisco Urzua)
• Research Topics in Finance V: Behavioural Finance (Dr Simon Heyley)
• Responsible Investing: Corporate Social Responsibility (Dr Daniel Beunza)
• Transfer Panel: What You Need to Prepare (Professor Barbara Casu Lukac)
• Academic Writing Workshop

Week Six – June

• Quantitative Research Methods V (Professor Giovanni Urga & Dr Elisabetta Pellini)
• Empirical Methods in Finance V (Professor Francisco Urzua)
• Responsible Investing: Morality and Markets (Dr Daniel Beunza)
• How to Publish a Research Paper and Work with Co-Authors (various faculty)
• Dissertation: Thinking about the Viva (Professor Barbara Casu Lukac)
• Research Presentations and Transfer Panels (all cohorts)

Year 3 – Dissertation Research

Year 3 – Supervised Research

You complete your remaining research papers in years three and four, and will defend your work in the viva voce exam soon after completion of your thesis. Training continues in the final two years but the focus shifts towards preparing you for publishing your research.

You will attend workshops designed to help you to publish your work and to introduce you to the academic job market if applicable.

Year 4 – Writing the Dissertation

Year four will be focussed on completing the writing of your dissertation, and preparing for the viva voce examination, while continuing to pursue publications and/or academic positions where applicable.

The Faculty

The faculty has over 50 full-time members conducting state-of-the-art research in all key areas of finance. It is located within the City of London, the world's most prominent financial centre. No other PhD programme in Finance gives you such access to the City of London.

The unique and direct access to leading figures from the real world of finance enables us to blend the latest theory and thinking with the latest real-world experience and developments within the Executive PhD in Finance.

Pawel Bilinski Reader in Accounting, CeFARR Director, and Course Director, MSc Corporate Finance

Stefano De Cesaris Senior Lecturer in Accounting

Cristina Grande-Herrera Lecturer in Accounting

Jay Jung Lecturer in Accounting

Sonia Konstantinidi Lecturer in Accounting

Art Kraft Reader in Accounting

Danielle Lyssimachou Associate Professor in Accounting, and Course Director of BSc Accounting & Finance

Tim Martens Lecturer in Accounting

Ivana Raonic Senior Lecturer in Accounting and Finance

Andrew Yim Senior Lecturer in Accounting

Asset Pricing and Investments

David Blake Professor of Economics of Pensions

Giovanni Cespa Professor of Finance

Andrew Clare Associate Dean of Bayes Executive Education

Keith Cuthbertson Professor of Finance

Simon Hayley Lecturer in Finance

Aneel Keswani Reader in Finance

Meziane Lasfer Professor of Finance

Ian Marsh Professor of Finance and Head of Faculty of Finance

Nick Motson Senior Lecturer in Finance; and Associate Dean of MSc Programme

Dirk Nitzsche Senior Lecturer in Finance, Course Director of the MSc Quantitative Finance and Financial Mathematics, and Associate Dean for International Relationships

Richard Payne Professor of Finance, and Associate Dean for the Undergraduate Programme

Maik Schmeling Professor of Finance

Steve Thomas Professor of Finance, and Course Director for EMBA and Dubai MBA

Natasha Todorovic Senior Lecturer in Investment Management

Banking and International Finance

Thorsten Beck Professor of Banking and Finance

Barbara Casu Professor of Banking, Course Director of MSc Banking and International Finance, and Director of the Executive PhD programme

Daniela Fabbri Reader in Finance

Sonia Falconieri Senior Lecturer in Finance, and Course Director for MSc in Finance

Angela Gallo Lecturer in Finance

Vasso Ioannidou

Professor of Finance

Kate Phylaktis Professor of International Finance, and Director of the Emerging Markets Group

Francesc Rodriguez-Tous Lecturer in Banking

Sotiris K. Staikouras Senior Lecturer in Banking and Finance, and Course Director for Undergraduate Investment Analysis & Insurance and Real Estate Finance & Investment

Corporate Finance

Dyaran Bansraj Lecturer in Finance

Giacinta Cestone Reader in Finance, and Course Director of MSc International Accounting and Finance

Sonia Falconieri Reader in Finance, and Course Director for MSc in Finance

Anh Tran Professor of Finance

Francisco Urzúa Reader in Finance

Econometrics

Roy Batchelor Professor of Banking and Finance, and Associate Dean of MBA Programme

Ana-Maria Fuertes Professor of Financial Econometrics

Malvina Marchese Lecturer in Finance, and Course Director for Undergraduate Finance Degrees

Giovanni Urga Professor of Finance and Econometrics, and Director of Centre for Econometric Analysis

Fa Wang Lecturer in Financial Econometrics

Mathematical Finance

Laura Ballotta Reader in Financial Mathematics

Aleš Cerny Professor of Finance

Gianluca Fusai Reader in Mathematical Finance

John Hatgioannides Professor of Mathematical Finance

Real Estate Finance and Investment

Mark Andrew Senior Lecturer in Real Estate Finance and Investment

Christopher Bourn Senior Lecturer in Real Estate Finance and Investment

Tony Key Director of MSc Real Estate Investment

Stephen Lee Senior Lecturer in Real Estate Finance

Alex Moss Senior Lecturer in Real Estate

William Rodney Senior Lecturer in Valuation

Sotiris Tsolacos Professor of Real Estate

Shipping, Trade and Finance

Amir Alizadeh Professor of Shipping Economics and Finance

Costas Grammenos Professor of Shipping, Trade and Finance, Founder and Head of International Centre for Shipping, Trade and Finance

Nikos Nomikos Professor of Shipping and Risk Management, and Course Director of MSc Shipping, Trade & Finance

Nikolaos Papapostolou Senior Lecturer in Shipping Finance

Panos Pouliasis Senior Lecturer in Energy/Commodities Finance

Michael Tamvakis Professor of Commodity Economics and Finance, and Course Director of MSc Energy, Trade and Finance

Forrest Capie Professor (Emeritus) of Economic History

Alec Chrystal Professor (Emeritus) of Money and Banking

David Citron Professor (Emeritus) of Accounting

Stewart Hodges Professor (Emeritus) of Finance

Mario Levis Professor (Emeritus) of Finance

Anthony Neuberger Professor of Finance

Geoffrey Wood Professor (Emeritus) of Economics

Facilities and resources

PhD students on the Executive Programme have access to the state of the art research infrastructure, computing equipment, and extensive library resources.

Bayes Business School offers access to a wide range of databases, including:

• Thomson Reuters EIKON
• Thomson One and many others.

Contact us and Find Bayes

Contact details.

+44 (0)20 7040 5030   [email protected]

Finsbury Square Building 33 Finsbury Square London, EC2A 1AG United Kingdom

Funding and scholarships

Funding your phd.

We offer a fully-funded Doctoral programme at the Business School. This includes a full tuition fee waiver (Home/EU or Overseas fees) plus a living stipend for up to five years through the Business School Graduate Teaching Assistant Scholarship. Funding for a sixth year can be considered on a case-by-case basis, with the potential to undertake a teaching or research assistant studentship with one of the Business School's research centres.

Some of our scholarship funding comes from EPSRC and ESRC for candidates who meet Research Councils UK’s academic and residential eligibility conditions. During the MRes you will have a discussion with our team to find out whether you are eligible to move onto any of these awards.

Imperial College London President’s PhD Scholarship

As a PhD applicant, there is the opportunity to apply for the prestigious  Imperial College London President’s PhD Scholarship  which offers additional funding such as a consumables fund of £2,000 per annum.

If you are successful in receiving a President’s PhD Scholarship or research council funding then this will replace your Business School Graduate Teaching Assistant Scholarship for the duration of your studies.

All scholarships and awards are contingent on continuing satisfactory academic progress.

Visiting PhD Scholarship for Black Heritage Students

This scholarship aims to improve access and opportunity for Black heritage, Black Caribbean, and Black African students at Imperial College Business School through the visiting PhD student route. It aims to provide financial support to outstanding students and helps to remove potential barriers to studying at Imperial and working with our faculty.

PhD-level students will normally study with Imperial College Business School for an initial period of three months, and will not be awarded a degree nor credits by Imperial.

Funding will be provided to finance the applicant's travel costs, visa application fees, and accommodation (to be confirmed pre-application).

Additional support

The Business School offers students financial support to help enable them to present their work at international conferences or attend specialist external training that is relevant to their thesis work.

Accommodation and living cost

The cost of living in London varies widely. For more information, please see our  guide to living costs .

Imperial College offers accommodation options for our postgraduate students. If you decide to seek private accommodation, a popular option with our students, the College can also help by providing you with advice and guidance for renting privately in London. See the  accommodation website  for more details.

What our students say

“A combination of excellent supervisors, generous funding, and perfect school location makes the Doctoral programme at Imperial College Business School an ideal choice for me and others interested in academic careers.”

How to apply

Doctoral programme, request a brochure, attend an event, frequently asked questions, do you offer doctoral funding and stipend.

We offer a fully funded Doctoral programme at Imperial College Business School – this includes a tuition fee waiver and a stipend for up to five years. The 2024-25 rate of the Graduate Teaching Assistant scholarship stipend is £25,000. Rates are reviewed annually and are expected to increase for 2025-26 in line with Research Council UK rates. Stipends are tax-free and the continuation of the stipend will depend on your satisfactory progress on the programme.

What living costs should I allow for in London?

Living costs vary considerably depending on the area of London you choose to live in and your choice of accommodation.

Read more about  estimated London living costs  and  accommodation for postgraduates .

How do I apply for the Visiting PhD Scholarship for Black Heritage Students?

Eligibility.

The scheme is open to both Home and Overseas students  currently enrolled on a PhD programme at another institution  who identify as:

• Black British
• Black Caribbean
• Black African
• Mixed heritage – Black and other background
• Other Black background

Applications will be assessed on merit and academic trajectory as well as current access to grants/bursaries.

You are encouraged to familiarise yourself with our  academic areas  and contact a potential supervisor before submitting a formal application. You must also agree on a study plan with your potential supervisor before applying.

You will then contact our Programme Director  Nikki Hann , who will support you with submitting a formal application through the Imperial College London admissions system. Formal admissions decisions can only be made after the application has been processed by the College Registry and the Business School.  There is no application deadline for students wishing to commence a study period at other times, although students are encouraged to apply at least 4 to 6 months in advance of a proposed start date especially if they require a visa to enter the UK to undertake their study period.

Please read the  Student Route Visa webpage  to determine if you need a visa to study in the UK. The  GOV.UK webpage on visa fees  will help you determine the costs.

What support is available for the Visiting PhD Scholarship for Black Heritage Students?

Support provision.

We aim to provide visiting PhD students with a well-rounded student experience when they join us. You will be supported by your supervisor and an independent mentor from the Business School. We also provide a range of support networks for Black heritage students across the Business School and the wider Imperial including:

• Imperial As One : the Race Equality Network for staff and postgraduate students. They act as an advisory group helping to set priorities and advising the College on how to support and promote an inclusive workplace and culture of respect, opportunity, unity, transparency, and equality.
• The  African Caribbean Society  welcomes people of any and every background; open to anyone of African, or Caribbean heritage, or interested in celebrating African and Caribbean culture.
• As part of  Imperial’s Enterprise Lab , Imperial BE supports Black entrepreneurship, Black Enterprise, and Black excellence through panel events, workshops, and masterclasses.

How do I apply and what documents do I need to submit with my application?

All applications to the Doctoral programme are made via our online platform. You will either need to select 'Business (MRes 1YFT)' or 'Business (MRes 2YFT)' based on your research area of interest. Further information can be found on our  Doctoral programme page.

Please refer to the  How to apply page  to see application deadlines, what documents you are required to submit with your application and to view the selection process.

When is the application deadline?

To find out more about application deadlines for our Doctoral programme please  visit the How to apply page .

Do I need a willing supervisor prior to application?

No, although in your application you should list a member of  faculty  you have identified as a potential supervisor. You can demonstrate in your statement of purpose how your research interests are aligned to a potential supervisor and the Business School.

Checking the research profiles of faculty members and Business School projects will give you an indication of whether the Business School is a good fit for you. If no faculty are working in your area of interest it is unlikely that you would be shortlisted, as we may not be able to provide supervisory support during your PhD.

During the MRes year, you will become part of the research community at Imperial College Business School and interact with faculty and other PhD students during taught courses and at seminars, which we hope will influence and help shape your research ideas for the PhD.

Are all applicants interviewed?

Not all applications progress to the interview stage of the selection process, however we interview all shortlisted candidates before making an offer. In the case of overseas candidates we will arrange an interview by telephone or via Skype.

What support provision do you have for students?

We have a large variety of clubs, societies, and networks throughout the Business School and Imperial College London. In addition, the  Student Support Zone  provides everything from advice and support to counselling, and wellbeing information, to personal development to help you in your academic journey and everyday university life.

What are my accommodation options?

There are a variety of options for accommodation, including postgraduate student accommodation, and private accommodation. Visit the accommodation page for more information.

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