Doctoral programme

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Business research in an exceptional academic environment

FRONT COVER: SAEED IQBAL AND ALEX THOMPSON, CURRENT DOCTORAL STUDENTS

Undertake the Doctoral programme at Imperial College Business School, and you become a graduate of one of the worlds leading universities. Imperial College Business School has a global reputation for excellence in entrepreneurship, innovation, quantitative finance and health management. As a Doctoral student, you will therefore learn from our facultys cutting-edge research and graduate with a command of the latest thinking. You will also graduate with a qualification that is recognised and respected everywhere for its academic excellence. The programme gives you a unique opportunity to conduct original research, generating your own ideas and learning from others within a diverse intellectual community. Our faculty are experts in their fields and you have considerable access to their time with regular tutorial meetings and close mentoring. Their range of interests and excellent connections across Imperial College encourages synergy and collaboration in a number of key areas, enabling you to undertake research at the forefront of your chosen field.

You complement your research studies by taking a range of personal development courses. By giving regular presentations, you develop strong communication skills and the confidence to perform more effectively. Working alongside people who have excelled in a wide range of professional and cultural backgrounds, you will build networks which will benefit you throughout your career. Our vibrant South Kensington location brings you to the cultural heart of London, with many of the worlds most famous museums, art galleries, parks and restaurants on your doorstep. Such a dynamic, exciting place to learn attracts an internationally diverse range of students and you will excel amongst like minded high-calibre individuals. The Doctoral programme is targeted to those who enjoy the process of generating new ideas, learning from others and setting their own agenda. Conducting original research that will have a significant impact on academia and management practice, you are required to produce a thesis of up to 100,000 words. The programme usually lasts three years and is full-time.

THE CENTRE FOR QUANTITATIVE FINANCE IS A FANTASTIC EXPERIENCE IF YOU WANT TO KEEP YOUR PRACTICAL SKILLS FRESH WHILE DOING A PHD. IM WORKING IN A TOP 20 FTSE COMPANY BT AT A VERY HIGH LEVEL AND I GET TO SEE THE WAY ITS RUN.
ROSS RICHARDSON, CURRENT DOCTORAL STUDENT - FINANCE (ABOVE)

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Doctoral programme

Structure You benefit from a structured training programme. At the beginning of the programme you attend a compulsory Research Methods training course then further courses divided into quantitative and qualitative streams. You select two courses from the portfolio offered to Masters students and attend Doctoral level training courses. At the same time as attending taught courses you work on the identification and critical discussion of

literature in your area, on the design and implementation of your research plan, and on data collection and analysis. You are given the opportunity to transfer to PhD status in year two following the successful presentation of an orally defended paper to your research group. In your third year of study you work closely with your supervisor towards submission of your thesis. Throughout your study you are able to take advantage of attending personal skills classes as and when needed.

Scholarships and awards

Funding is available to support you in your Doctoral studies. Details of all our studentships can be found at www.imperial.ac.uk/business-school/doctoraldegree/studentships Centre for Quantitative Finance (CQF) The CQF has an excellent reputation in business and the academic community for the relevance and quality of its research work in quantitative finance. CQF Doctoral programme students are sponsored by private firms to undertake a PhD. They are based at the sponsor firm for three days a week and at the Business School for the remaining two days. Sponsored students are paid a bursary and have their fees paid at the UK/EU rate. Areas of research covered by the CQF include mathematical and computational methods for derivatives pricing/hedging, risk management and associated problems in portfolio management and corporate finance. Risk Management Laboratory The Risk Management Laboratory, based in the Finance and Accounting Group of the Business School, has studentships available for those who wish to pursue research in finance or financial economics. Innovation Studies Centre awards The Innovation Studies Centre at Imperial College Business School has funding available for UK/EU fees status doctoral research students for study in the areas of innovation, technology and entrepreneurship. Areas of interest include:

innovation management; technological change; design and innovation; sustainability, simulation and prototyping; technology and users; project-based industries; R&D diffusion; innovation in healthcare; university-industry links; management of technology and entrepreneurship. Healthcare Management Awards The Healthcare Management Group has funding available for UK/EU fee status doctoral research students for study in the areas of technology adoption and diffusion; managing innovation in complex organisational environments; stimulating innovation in organisations, for example through incentives and targets; simulation and modeling to understand the impact of innovation; planning and delivering the infrastructure to enable innovative health services. Imperial College Business School awards Imperial College Business School makes several awards each academic year. The awards may take the form of fee remission, part-funding or a grant towards living expenses depending on the quality and number of applications we receive. The awards are highly competitive and students are expected to have a track record of academic excellence. If you would like to be considered for one of the awards, please indicate this on the funding section of the postgraduate application form. Study can be in any of our areas of expertise and the awards are open to all students.

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Faculty

Finance and Accounting Group

Group Head: Professor Antonio S. Mello Capital Structure Theory Corporate Hedging Security Design Risks of Arbitrage Trading Professor Karim Abadir Mathematical statistics and theoretical econometrics Econometrics: modelling methodologies Finance: financial markets Economics: macroeconomics Applied mathematics: special functions and applied analysis. Dr Enrico Biffis Market-consistent accounting of insurance liabilities Optimal investment and reserving for both life and non-life business. Francis Breedon Foreign exchange Financial market microstructure The role of central banks in financial markets. Professor Andrea Buraschi Asset pricing Derivatives Fixed income Risk management Corporate finance. Dr Lara Cathcart Default risk Fixed income products Term structure models Asset and derivative pricing Continuous time finance. Dr Gilles Chemla Corporate finance Corporate governance Corporate control Venture capital. Dr Walter Distaso Financial econometrics Estimation, specification testing and prediction of volatility in continuous time models Nonparametric estimation of copulae Long memory models. Dr Lina El-Jahel Valuation of fixed income securities and interest rate derivatives Valuation of risky debt Credit risk methods Real options Statistical arbitrage. Dr Filippos Papakonstantinou Corporate Finance Corporate Governance Behavioral Economics Applied Econometrics Professor Paul Klumpes Pensions accounting Life insurance reporting Risk accounting for derivative exposure by financial firms Generational accountability of the public sector. Dr Robert Kosowski Asset pricing Investment management Mutual and hedge fund performance measurement Financial econometrics. Dr Markus Leippold Asset pricing Term structure models Risk management Macro-finance. Dr Xuewen Liu Corporate Finance Economics of organisation Information economics with disclosure theory. Professor Nigel Meade Time series analysis and forecasting with applications in finance, operations management and innovation diffusion Portfolio selection and index tracking. Dr David McCarthy Public policy with mathematics Computer-intensive analysis Pensions. Professor William Perraudin Risk management Structured products The price of defaultable debt Portfolio credit risk modelling Financial regulation. Professor James Sefton Reform of the pension system Financial risk management. Dr Pengguo Wang Equality valuation Accounting information and uncertainty Asset pricing with market frictions. Dr Paolo Zaffaroni Financial econometrics Time series analysis Applications of volatility modelling to risk management and market risks.

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Healthcare Management Group

Group Head: Professor Carol Propper Design and consequences of incentives within the public sector Boundary between the state and private markets. Professor James Barlow Management of technological innovation in healthcare organisations Telecare and telemedicine Evidence and evaluation for technological innovation in healthcare organisations Modelling the impact of technological innovation in healthcare organisations. Professor Christopher Chapman Strategic Management Accounting Management Control Performance Evaluation. Dr Benita Cox Information systems management Health informatics Computer-based education. Dr Paul Dolan Microeconomics Health economics Moral philosophy Economic psychology. Professor Robert MacCulloch Macroeconomics Political economy Behavioural economics Public economics Labour.

Innovation and Entrepreneurship Group

Group Head: Professor David Gann Innovation management Innovation strategy Innovation and design Technology management Innovation and growth in project-based enterprise. Professor Erkko Autio Technology-based venturing and entrepreneurship Technology transfer and spin-off Born Global internationalisation Technology strategy. Professor John Bessant Management of disruptive/discontinuous innovation Design and innovation Networking for innovation Organisational development to build innovation capabilities Innovation policy. Professor Bart Clarysse High tech start-ups Corporate venturing Innovative turnaround strategies. Dr Paola Criscuolo Internationalisation of R&D activities Knowledge sharing among individuals and firms Social Network Analysis Patents and Patent Citation Analysis Dr Andrew Davies Project-based organisations and management Systems integration High-value services and integrated solutions provision Infrastructure service provision. Professor Ciaran Driver Capital investment at different levels of aggregation Business risk and capacity utilisation Real options and strategy Effects of capacity shortage Corporate control, stakeholding and forward commitments. Dr Lars Frederiksen Innovation in projects, project-based firms and industries System integration capabilities, integrated solutions and business models Distributed processes of innovation Industries: Infrastructure/utility industries, entertainment and high-tech industries Dr Annabelle Gawer Hi-tech strategy Platform leadership, standards wars Innovation Industry expertise: computers, mobile phones, electronic appliances.

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Faculty continued

Innovation and Entrepreneurship Group continued

Professor Gerry George Venture creation and the focal entrepreneur Internationalism of start-ups Innovation and value creation Scientist entrepreneurs and technology transfers. Dr Ritsuko Ozaki The meaning of space Consumption (lifestyle and choice) End-user orientation. Dr Ammon Salter Sources of Innovation Open and Distributed Innovation Networks and Innovation Dr Markus Perkmann University-industry collaboration and technology transfer Inter-organizational collaboration and intermediaries Adoption and diffusion of management practices Professor Bruce Tether Design & Innovation Innovation and Professional Services Networks and Open Innovation Interactions between Technological and Organisational Innovation Dr Aija Leiponen (from June 2009) Interactions between organisations and Innovation Knowledge Sourcing and Innovation Performance Innovation Strategy

Organisation and Management Group

Group Head: Professor Nelson Phillips Knowledge management Institutional theory Technology strategy Management in cultural industries International entrepreneurship. Dr Andreas Eisingerich Service innovation Marketing strategy Strategic management of brand-based growth. Professor Dot Griffiths Talent acquisition Talent development Quality measures for HR performance. Dr Eleni Hadjiconstantinou Logistics and distribution Vehicle routing and scheduling Production, resource and project planning Network design and optimisation Cutting and packing Facility location and layout. Dr Boris Maciejovsky Group decision-making Behavioural decision-making Bargaining and Negotiation Dr Namrata Malhotra Managing strategic organisational change Professional service organisations. Dr Catarina Sismeiro Quantitative analysis of consumer behaviour and individuals responses to marketing activities Modelling of cross-market (spatial) dependencies Study of Internet users. Dr Jonathan Pinto Organizational corruption Team formation Team leadership Network organizations Dr Mark Stein Leadership Teams Organisational learning Human and organisational aspects of risk and disaster The psychoanalytic study of organisations. Dr Tommaso Valletti Industrial economics Regulation Economics of telecommunications.

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Beyond the programme

A dedicated careers service Many of our Doctoral students go on to pursue careers in research and academia. However, no matter what your career goals are, our programme of career guidance and job application skills training help you achieve them. Our advisors are highly responsive to individual needs and also provide regular information sessions and workshops throughout your time at Imperial. The attentive service continues after you graduate. As an alumnus, you can arrange appointments with us at any time during your career. This can be useful if you ever consider a change in direction or feel like discussing strategies for fast-tracking your career.

Alumni Network and services Your connection to Imperial College Business School is a valuable lifelong resource. The alumni service offers you practical benefits and helps you take full advantage of your Imperial connections on graduation. You will be invited to Distinguished Speaker events, enjoy free library access for life and receive an annual magazine. You can join any of the social clubs around the world. You are also given access to an online directory of Imperial College alumni contacts. It is a lifelong community which keeps you in touch wherever your career takes you. A vibrant social life in the heart of London You will get to know other Doctoral students well during the Research Methods training programme at the beginning of year one. These contacts are developed and widened through our social and networking events and the lasting relationships you form will enrich you both professionally and personally. You will network not only with your fellow students, but with alumni, Adjunct Professors, students from other programmes and visiting lecturers.

THE NATURE OF THE EXPERIENCE HERE CREATES A PEER BOND. MANY OF THE PEOPLE YOU MEET IN THE PROGRAMME BECOME FRIENDS FOR LIFE. IVE ALSO JUST HELPED TO ORGANISE THE EUROPEAN DOCTORAL RESEARCH CONFERENCE WHICH ATTRACTED COLLEAGUES FROM THE LEADING BUSINESS SCHOOLS THROUGHOUT THE UK AND EUROPE. YOURE CREATING THE NETWORKS THAT YOU WANT TO FORGE IN YOUR ACADEMIC PROFESSIONAL CAREER AT A LATER STAGE.
ALEX THOMPSON, CURRENT DOCTORAL STUDENT - MARKETING (ABOVE)

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Entry requirements
Who should apply? Academically rigorous, the programme requires you to be an outstanding scholar with an exceptional academic record in subjects that are relevant to your proposed area of study. Successful candidates demonstrate evidence of very strong and consistent academic performance and high grades at first degree and Masters level. Entry requirements To apply, you need: A good degree from a recognised university (equivalent of a UK first or 2.1 honours degree) An excellent Masters degree recently awarded in an appropriate subject A strong research proposal English language test score: IELTS (academic) An overall score of 7.0 with a writing score of 6.0 TOEFL (paper-based) An overall score of 610 with a minimum score of 4.5 in written English TOEFL (computer-based) An overall score of 253 with a minimum score of 4.5 in written English TOEFL (internet-based) An overall score of 98 with a minimum score of 25 in writing and 23 in speaking If you are shortlisted for a place you may also be invited to an interview (in person or by telephone).

How to apply
Visit our website www.imperial.ac.uk/business-school for more information and to submit your application online. If you have further questions, please visit our Find an answer section at www.imperial.ac.uk/askimperial. The application deadline is the end of June each year for October entry. Fees Tuition fees are for the programme commencing in October 2009. Fees per academic year: UK and EU students: postgraduate research 3,600* Overseas students: postgraduate research 16,300*.
* Fees are subject to confirmation

Imperial College Business School Tanaka Building South Kensington Campus London SW7 2AZ United Kingdom T: +44 (0)20 7594 5656 F: +44 (0)20 7594 9184

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Disclaimer: While all reasonable efforts have been made to ensure that the information in this publication is correct, matters covered by this publication are subject to change. Imperial College Business School accepts no liability for any loss or damage caused by errors or omissions, howsoever caused.

Contact Recruitment Wee Ming Lim, Recruitment and Development Executive T: +44 (0)20 7594 9206 F: +44 (0)20 7594 9184 E: doctoral@imperial.ac.uk W: www.imperial.ac.uk/business-school/doctoral

Published September 2008.