Accounting and Finance

Find a programme
Awards available PhD
Programme length Four years full-time;
seven years part-time
Location of programme Clifton campus
Part-time study available Yes
Start date Most students will start in October 2018, however other dates can be considered.

Programme overview

Research is central to the Department of Accounting and Finance at the University of Bristol. The most recent UK-wide research assessment, REF2014, rated 78 per cent of the school's research in business and management as 'world leading' or 'internationally excellent'. Studying for a PhD in the Department of Accounting and Finance will prepare students for a range of careers.

Fees for 2018/19

UK/EU: full-time
£4,235 per annum
UK/EU: part-time
£2,118 per annum
Overseas: full-time
£16,300 per annum
Channel Islands/Isle of Man: full-time
£9,235 per annum

Fees are subject to an annual review. For programmes that last longer than one year, please budget for up to a five per cent increase in fees each year. Find out more about tuition fees.

Alumni scholarship

University of Bristol students and graduates can benefit from a ten per cent reduction in tuition fees for postgraduate study. Check your eligibility for an alumni scholarship.

Funding for 2018/19

The Faculty of Social Sciences and Law has an allocation of 1+3 and +3 ESRC scholarships. Applicants may also be interested in applying for funding from the University of Bristol scholarship fund or alumni PhD scholarship fund.

Further information on funding for prospective UK, EU and international postgraduate students.

Entry requirements

An upper second-class or first-class honours degree in a related subject (or equivalent), and a master's degree in a related subject either attained or underway at the time of application.

In considering applications, significant weight will be given to the extent to which your application demonstrates a clearly thought out and specific interest in research and how this would fit into the wider context of research undertaken in the department.

See international equivalent qualifications on the International Office website.

English language requirements

If English is not your first language, you need to meet this profile level:
Profile C
Further information about English language requirements and profile levels.

Admissions statement

Read the programme admissions statement for important information on entry requirements, the application process and supporting documents required.

Admissions statement

Research groups

The main research themes reflect the interests of staff members. The particular strengths of the department lie in applied financial econometrics, empirical finance, financial reporting and auditing, management accounting, public sector accounting and accounting for sustainability.

Details of the current research and supervision interests of individual members of staff are available on the school website.


The primary purpose of this qualification is to prepare for a career in research.

Staff profiles

Further details of the current research and supervision interests of individual members of staff are available on the school website.

George Bulkley, (Professor of Financial Economics), Application of behavioural finance to all of these areas.; Development of trading rules to exploit stock and bond miss pricing.; General area: The performance of Financial Markets, and in particular empirical tests of asset pricing models ; Test of models of aggregate equity pricing; Test of models of individual stock pricing; Test of models of the term structure of interest rates

Nick Taylor, (Professor of Financial Economics), Empirical finance; Financial econometrics; Volatility modelling and forecasting

Mark Clatworthy, (Head of Department of Accounting and Finance & Professor of Accounting), Accounting and capital markets; Empirical research on audit markets; Financial accounting

Stuart Cooper, (Professor of Accounting), Carbon accounting; Performance measurement and management; Sustainability reporting

Sheila Ellwood, (Professor of Financial Reporting), Financial reporting particularly in public services; NHS management accounting and auditing; Stakeholder accounting

Sylvain Friederich, (Senior Lecturer in Finance), Empirical market microstructure

Fabiana Gomez, (Lecturer in Finance), Corporate Finance; Economics of Financial Markets ; Microeconomics of Banking

Paula Hill, (Reader in Finance), Credit ratings; Credit risk

Daniella Acker, (Professor of Finance and Accounting), Behavioural finance; Market-based accounting research; Tax and capital structure

Tuan Ho, (Lecturer in Finance and Accounting), Managers' Disclosure Strategies; Market Anomalies; Security Analysts' Forecasts; Valuation Models

Piotr Korczak, (Reader in Finance), Cross-country differences in corporate governance mechanisms; Insider trading; International cross-listing

Steve Lyne, (Senior Academic Fellow), Activity-based techniques; Balanced Scorecard and performance measurement; Budgeting and management control

Neslihan Ozkan, (Professor of Finance), Corporate finance; Corporate governance; Financial economics

Evarist Stoja, (Reader in Finance), Applied financial econometrics; Asset pricing; Quantitative finance

Fangming Xu, (Lecturer in Finance), Corporate finance; Corporate governance; Mergers and acquisitions

Balint Horvath, (Lecturer in Finance), Banking and Financial Stability; Financial Economics

Klaus Schaeck, (Professor of Banking and Finance), The Empirical Modelling of Bank Behaviour and Governance

Mariano Scapin, (Lecturer in Accounting), Composition of Board of Directors; Corporate Governance Regulations; Financial Reporting

Adriana Korczak, (Senior Lecturer in Accounting), Analysts’ forecasts; Corporate insiders' trading; Credit ratings; Earnings management

How to apply
Application deadline:

Not fixed, but early application is advised. The deadline for funded applications tends to be mid-February (the ESRC and University of Bristol funding application deadline is still to be confirmed).

International students

Find out more about becoming a student at Bristol, applying for a visa and the support we offer to international students.

I chose Bristol because of its outstanding academic reputation. It's reassuring to be taught by people who truly love their subject - their passion becomes contagious.


REF 2014 results

  • 24% of research is world-leading (4 star)
  • 54% of research is internationally excellent (3 star)
  • 22% of research is recognised internationally (2 star)
  • 0% of research is recognised nationally (1 star)

Results are from the most recent UK-wide assessment of research quality, conducted by HEFCE. More about REF 2014 results.

Bristol Doctoral College

The Bristol Doctoral College facilitates and supports doctoral training and researcher development across the University.

Get in touch

Graduate Studies Admissions Team Phone: +44 (0) 117 394 1519 Email:

Graduate Studies Office
School of Economics, Finance and Management
8 Woodland Road


Important disclaimer information about our programmes.

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